$Aehr Test Systems (AEHR.US)$In the analysis of March 2022, ...
$Aehr Test Systems (AEHR.US)$In the analysis in March 2022, net income losses were excluded due to revenue contraction, and the stock price has since increased by 62%.
Listed in 1997, mainly engaged in the testing system business, with the main market in Asia. The current price is 17.88.
In the past 5 years, revenue declined in the first 3 years, but doubled in 2022 and continued to grow by 27.8% in 2023. Operating profit turned around in 2022 and increased by 71% in 2023. Net income increased by 54% in 2023.
In the first half of 2024, revenue increased by 65%, operating profit increased by 1.4 times, and net income increased by 1.5 times.
The proportion and growth rate of accounts receivable and inventory are slightly faster, with inventory accounting for 37% of revenue in 2023, and accounts receivable accounting for 25.5%.
For the past 5 years, the net cash flow from operations has been lower than the net investment, and shareholder earnings have not yet been generated.
The current P/E ratio is 36.3, and the P/E ratio TTM is 25.6. It is advisable to observe for a few more quarters before making a determination.
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