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Analyzing the Quality Characteristics of ONTO INNOVATION INC (NYSE:ONTO).

By Mill Chart

Last update: Oct 12, 2023

Quality investors are looking for the best of the best. Companies which are growing steadily and consistently, but are also in excellent financial condition. We will have a look here to see if ONTO INNOVATION INC (NYSE:ONTO) is suited for quality investing. Investors should of course do their own research, but we spotted ONTO INNOVATION INC showing up in our Caviar Cruise quality screen, so it may be worth spending some more time on it.

A Deep Dive into ONTO INNOVATION INC's Quality Metrics.

  • ONTO INNOVATION INC has shown strong performance in revenue growth over the past 5 years, with a 31.2% increase. This indicates the company's ability to generate consistent revenue growth and reflects its potential for long-term success.
  • ONTO INNOVATION INC demonstrates impressive performance in terms of ROIC excluding cash and goodwill, with a 24.74% ratio. This highlights the company's efficient utilization of capital and its focus on maximizing returns for investors.
  • ONTO INNOVATION INC demonstrates a well-balanced Debt/Free Cash Flow Ratio of 0.0, indicating effective debt management and strong cash flow generation. This ratio suggests the company has a sustainable financial position and the capacity to allocate capital efficiently.
  • ONTO INNOVATION INC demonstrates consistent Profit Quality over the past 5 years, with a strong 252.0%. This indicates the company's ability to generate sustainable and reliable profits, showcasing its long-term profitability and financial stability.
  • ONTO INNOVATION INC has demonstrated consistent growth in EBIT over the past 5 years, with a strong 40.78%. This signifies the company's ability to generate sustainable earnings and reflects its positive financial trajectory.
  • ONTO INNOVATION INC has achieved superior EBIT 5-year growth compared to its Revenue 5-year growth. This demonstrates the company's ability to maximize its profitability through effective cost management and operational strategies.

A complete fundamental analysis of NYSE:ONTO

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

We assign a fundamental rating of 6 out of 10 to ONTO. ONTO was compared to 106 industry peers in the Semiconductors & Semiconductor Equipment industry. ONTO has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ONTO is valied quite expensively at the moment, while it does show a decent growth rate.

Check the latest full fundamental report of ONTO for a complete fundamental analysis.

More quality stocks can be found in our Caviar Cruise screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.



NYSE:ONTO (4/19/2024, 2:49:04 PM)


-9.14 (-5.15%)


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