AEHR Reaches 65.3x Revenue, TRT Fair Value Now $369 Per Share

Aehr Test Systems (AEHR) just hit a new all-time high and is now trading at an enterprise value of 65.3x revenue, which would value their main competitor Trio-Tech International (TRT) at $369 per share.

TRT is profitable and growing rapidly.

AEHR has large net losses and declining revenue.

Both companies produce their own equipment for testing GPUs for AI, but TRT also owns the equipment produced by all of its competitors including AEHR… so if a company wants to use AEHR's technology they don’t need to actually purchase it… they can simply ship their semiconductors to TRT, which will conduct all third-party tests using equipment manufactured by TRT, AEHR, and others.

Obviously, AEHR is a massive bubble, and people are blindly buying it due to "buzz words" they probably don’t understand like "silicon photonics for AI data center infrastructure". But this isn’t a new product… AEHR is using its same FOX-XP system to test it.

Trio-Tech International (TRT)'s #1 largest customer AMD is about to hit a new all-time high.

Trio-Tech International (TRT)'s #2 largest customer Infineon is also about to hit a new all-time high.

Trio-Tech International (TRT)'s #3 largest customer NXP Semiconductor is also beginning to breakout big.

We’re pretty sure that if even a small effort is made to spread awareness about TRT on platforms like X, Reddit, Stocktwits, etc., it could rise to $20, $30, $40, or even $50 per share in the weeks ahead. It is one of the only technology stocks with upside potential similar to natural resource stocks.

We recently conducted a Google Trends search interest analysis comparing hundreds of companies, and TRT has the second lowest search interest, with only GSP Resource (TSXV: GSPR) being more undiscovered.

The most widely followed small-cap companies are Rare Earths like USA Rare Earth (USAR) and Critical Metals (CRML), which reinforces why Saga Metals (TSXV: SAGA) could become very large.