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AEHR - Aehr Test Systems

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Aehr Test Systems

AEHR

NASDAQ

Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits worldwide. It offers products, such as the ABTS and FOX-P families of test and burn-in systems and FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader. The ABTS system is used in production and qualification testing of packaged parts for lower power and higher power logic devices, as well as various common types of memory devices. The FOX-XP and FOX-NP systems are wafer contact and singulated die/module test and burn-in systems used for burn-in and functional test of complex devices, such as memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices. The FOX-CP system is a single-wafer compact test and reliability verification solution for logic, memory, and photonic devices. The WaferPak Contactor contains a unique full wafer probe card capable of testing wafers up to 300mm that enables IC manufacturers to perform test and burn-in of full wafers on Aehr Test FOX systems. The DiePak Carrier is a reusable, temporary package that enables IC manufacturers to perform final test and burn-in of bare die and modules. Aehr Test Systems was incorporated in 1977 and is headquartered in Fremont, California.

8.52 USD

0.385 (4.52%)

Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

6.43B

7.88B

7.56B

7.43B

7.31B

7.58B

7.87B

8.16B

8.47B

8.79B

Revenue %

-

22.51

-4.09

-1.73

-1.64

3.76

3.76

3.76

3.76

Operating Cash Flow

2.04B

1.49B

1.14B

954M

886M

1.38B

1.43B

1.48B

1.54B

1.59B

Operating Cash Flow %

31.69

18.93

15.13

12.84

12.13

18.14

18.14

18.14

18.14

Cap Ex

-228M

-270M

-328M

-298M

-226M

-279.19M

-289.7M

-300.59M

-311.9M

-323.63M

Cap Ex %

-3.54

-3.43

-4.34

-4.01

-3.09

-3.68

-3.68

-3.68

-3.68

Free Cash Flow

1.81B

1.22B

816M

656M

660M

1.1B

1.14B

1.18B

1.22B

1.27B

Weighted Average Cost Of Capital

Price

26.64

Beta

Diluted Shares Outstanding

219M

Costof Debt

6.29

Tax Rate

After Tax Cost Of Debt

4.88

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

4.96B

Total Equity

5.83B

Total Capital

10.79B

Debt Weighting

45.95

Equity Weighting

54.05

Wacc

8.87

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

6.43B

7.88B

7.56B

7.43B

7.31B

7.58B

7.87B

8.16B

8.47B

8.79B

Operating Cash Flow

2.04B

1.49B

1.14B

954M

886M

1.38B

1.43B

1.48B

1.54B

1.59B

Cap Ex

-228M

-270M

-328M

-298M

-226M

-279.19M

-289.7M

-300.59M

-311.9M

-323.63M

Free Cash Flow

1.81B

1.22B

816M

656M

660M

1.1B

1.14B

1.18B

1.22B

1.27B

Wacc

8.87

8.87

8.87

8.87

8.87

Pv Lfcf

1.01B

959.83M

914.77M

871.84M

830.91M

Sum Pv Lfcf

4.58B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

8.87

Free Cash Flow T1

1.28B

Terminal Value

16.31B

Present Terminal Value

10.66B

Intrinsic Value

Enterprise Value

15.25B

Net Debt

4.29B

Equity Value

10.96B

Diluted Shares Outstanding

219M

Equity Value Per Share

50.05

Projected DCF

50.05 0.468%

DCF Levered

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