Why is Aehr Test Systems ?
1
The company has declared negative results for the last 4 consecutive quarters
- OPERATING CASH FLOW(Y) Lowest at USD -7.44 MM
- NET SALES(Q) At USD 10.31 MM has Fallen at -43.67%
- PRE-TAX PROFIT(Q) At USD -4 MM has Fallen at -357.78%
2
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of 901.74%, its profits have fallen by -140.8%
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Aehr Test Systems for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Aehr Test Systems
901.74%
6.25
122.79%
S&P 500
25.41%
1.92
13.25%
Quality key factors
Factor
Value
Sales Growth (5y)
31.43%
EBIT Growth (5y)
-33.74%
EBIT to Interest (avg)
4.45
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.19
Sales to Capital Employed (avg)
0.60
Tax Ratio
8.88%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
93.65%
ROCE (avg)
20.50%
ROE (avg)
12.86%
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
7.62
EV to EBIT
-79.37
EV to EBITDA
-114.36
EV to Capital Employed
9.61
EV to Sales
18.14
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-12.10%
ROE (Latest)
-6.87%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
Bearish
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Bullish
Bullish
OBV
Bullish
Bullish
Technical Movement
0What is working for the Company
NO KEY POSITIVE TRIGGERS
-33What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at USD -7.44 MM
NET SALES(Q)
At USD 10.31 MM has Fallen at -43.67%
PRE-TAX PROFIT(Q)
At USD -4 MM has Fallen at -357.78%
NET PROFIT(Q)
At USD -3.2 MM has Fallen at -398.13%
ROCE(HY)
Lowest at -8.68%
RAW MATERIAL COST(Y)
Grown by 17.21% (YoY
INVENTORY TURNOVER RATIO(HY)
Lowest at 0.75 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 3.52 times
Here's what is not working for Aehr Test Systems
Net Sales
At USD 10.31 MM has Fallen at -43.67%
Year on Year (YoY)MOJO Watch
Near term sales trend is extremely negative
Net Sales (USD MM)
Pre-Tax Profit
At USD -4 MM has Fallen at -357.78%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (USD MM)
Net Profit
At USD -3.2 MM has Fallen at -398.13%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very negative
Net Profit (USD MM)
Operating Cash Flow
Lowest at USD -7.44 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (USD MM)
Inventory Turnover Ratio
Lowest at 0.75 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Debtors Turnover Ratio
Lowest at 3.52 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Raw Material Cost
Grown by 17.21% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






