Logo image of ON

ON SEMICONDUCTOR (ON) Stock Fundamental Analysis

NASDAQ:ON - US6821891057 - Common Stock

51.85 USD
+3.04 (+6.23%)
Last: 8/22/2025, 8:00:02 PM
51.9923 USD
+0.14 (+0.27%)
After Hours: 8/22/2025, 8:00:02 PM
Fundamental Rating

6

ON gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. ON has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ON is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

7

1. Profitability

1.1 Basic Checks

In the past year ON was profitable.
In the past year ON had a positive cash flow from operations.
In the past 5 years ON has always been profitable.
ON had a positive operating cash flow in each of the past 5 years.
ON Yearly Net Income VS EBIT VS OCF VS FCFON Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

1.2 Ratios

The Return On Assets of ON (3.55%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 5.87%, ON is in the better half of the industry, outperforming 62.73% of the companies in the same industry.
With a decent Return On Invested Capital value of 8.13%, ON is doing good in the industry, outperforming 76.36% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ON is significantly above the industry average of 10.97%.
The 3 year average ROIC (19.04%) for ON is well above the current ROIC(8.13%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 3.55%
ROE 5.87%
ROIC 8.13%
ROA(3y)14.52%
ROA(5y)11.35%
ROE(3y)25.56%
ROE(5y)21.06%
ROIC(3y)19.04%
ROIC(5y)15.34%
ON Yearly ROA, ROE, ROICON Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

ON's Profit Margin of 7.28% is fine compared to the rest of the industry. ON outperforms 61.82% of its industry peers.
ON's Profit Margin has improved in the last couple of years.
ON has a better Operating Margin (17.54%) than 74.55% of its industry peers.
In the last couple of years the Operating Margin of ON has grown nicely.
ON has a worse Gross Margin (37.89%) than 61.82% of its industry peers.
ON's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 17.54%
PM (TTM) 7.28%
GM 37.89%
OM growth 3Y9.94%
OM growth 5Y18.56%
PM growth 3Y14.02%
PM growth 5Y42.07%
GM growth 3Y4.08%
GM growth 5Y4.89%
ON Yearly Profit, Operating, Gross MarginsON Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

More info and screens

7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ON is creating some value.
The number of shares outstanding for ON has been reduced compared to 1 year ago.
Compared to 5 years ago, ON has more shares outstanding
Compared to 1 year ago, ON has an improved debt to assets ratio.
ON Yearly Shares OutstandingON Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
ON Yearly Total Debt VS Total AssetsON Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.2 Solvency

ON has an Altman-Z score of 4.52. This indicates that ON is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ON (4.52) is comparable to the rest of the industry.
The Debt to FCF ratio of ON is 2.62, which is a good value as it means it would take ON, 2.62 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.62, ON is in the better half of the industry, outperforming 65.45% of the companies in the same industry.
A Debt/Equity ratio of 0.42 indicates that ON is not too dependend on debt financing.
ON has a worse Debt to Equity ratio (0.42) than 69.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 2.62
Altman-Z 4.52
ROIC/WACC0.73
WACC11.2%
ON Yearly LT Debt VS Equity VS FCFON Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.3 Liquidity

A Current Ratio of 5.02 indicates that ON has no problem at all paying its short term obligations.
The Current ratio of ON (5.02) is better than 75.45% of its industry peers.
A Quick Ratio of 3.37 indicates that ON has no problem at all paying its short term obligations.
ON's Quick ratio of 3.37 is fine compared to the rest of the industry. ON outperforms 67.27% of its industry peers.
Industry RankSector Rank
Current Ratio 5.02
Quick Ratio 3.37
ON Yearly Current Assets VS Current LiabilitesON Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

More info and screens

4

3. Growth

3.1 Past

The earnings per share for ON have decreased strongly by -35.47% in the last year.
Measured over the past years, ON shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.88% on average per year.
Looking at the last year, ON shows a very negative growth in Revenue. The Revenue has decreased by -17.93% in the last year.
ON shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.12% yearly.
EPS 1Y (TTM)-35.47%
EPS 3Y10.62%
EPS 5Y21.88%
EPS Q2Q%-44.79%
Revenue 1Y (TTM)-17.93%
Revenue growth 3Y1.67%
Revenue growth 5Y5.12%
Sales Q2Q%-15.36%

3.2 Future

The Earnings Per Share is expected to grow by 10.96% on average over the next years. This is quite good.
ON is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.23% yearly.
EPS Next Y-40.65%
EPS Next 2Y-12.61%
EPS Next 3Y2.45%
EPS Next 5Y10.96%
Revenue Next Year-16.3%
Revenue Next 2Y-5.6%
Revenue Next 3Y-0.57%
Revenue Next 5Y4.23%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
ON Yearly Revenue VS EstimatesON Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
ON Yearly EPS VS EstimatesON Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 17.17, the valuation of ON can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ON indicates a rather cheap valuation: ON is cheaper than 84.55% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of ON to the average of the S&P500 Index (27.24), we can say ON is valued slightly cheaper.
A Price/Forward Earnings ratio of 17.06 indicates a rather expensive valuation of ON.
Based on the Price/Forward Earnings ratio, ON is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.81, ON is valued a bit cheaper.
Industry RankSector Rank
PE 17.17
Fwd PE 17.06
ON Price Earnings VS Forward Price EarningsON Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ON is valued cheaply inside the industry as 84.55% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ON is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 16.45
EV/EBITDA 12.08
ON Per share dataON EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

ON has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.78
EPS Next 2Y-12.61%
EPS Next 3Y2.45%

More info and screens

0

5. Dividend

5.1 Amount

ON does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

ON SEMICONDUCTOR

NASDAQ:ON (8/22/2025, 8:00:02 PM)

After market: 51.9923 +0.14 (+0.27%)

51.85

+3.04 (+6.23%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)08-04 2025-08-04/bmo
Earnings (Next)10-27 2025-10-27/bmo
Inst Owners106.28%
Inst Owner Change3.62%
Ins Owners0.32%
Ins Owner Change0.02%
Market Cap21.21B
Analysts73.95
Price Target58.95 (13.69%)
Short Float %7.89%
Short Ratio3.39
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.02%
Min EPS beat(2)-3.5%
Max EPS beat(2)5.53%
EPS beat(4)1
Avg EPS beat(4)-1.07%
Min EPS beat(4)-5.32%
Max EPS beat(4)5.53%
EPS beat(8)5
Avg EPS beat(8)-0.19%
EPS beat(12)9
Avg EPS beat(12)1.66%
EPS beat(16)13
Avg EPS beat(16)3.98%
Revenue beat(2)1
Avg Revenue beat(2)-0.85%
Min Revenue beat(2)-1.82%
Max Revenue beat(2)0.12%
Revenue beat(4)1
Avg Revenue beat(4)-2.23%
Min Revenue beat(4)-4.89%
Max Revenue beat(4)0.12%
Revenue beat(8)1
Avg Revenue beat(8)-2.18%
Revenue beat(12)3
Avg Revenue beat(12)-1.62%
Revenue beat(16)5
Avg Revenue beat(16)-1.31%
PT rev (1m)3.8%
PT rev (3m)19.8%
EPS NQ rev (1m)0.33%
EPS NQ rev (3m)-13.23%
EPS NY rev (1m)0.11%
EPS NY rev (3m)1.44%
Revenue NQ rev (1m)0.97%
Revenue NQ rev (3m)-0.89%
Revenue NY rev (1m)0.43%
Revenue NY rev (3m)0.79%
Valuation
Industry RankSector Rank
PE 17.17
Fwd PE 17.06
P/S 3.31
P/FCF 16.45
P/OCF 11.57
P/B 2.67
P/tB 3.53
EV/EBITDA 12.08
EPS(TTM)3.02
EY5.82%
EPS(NY)3.04
Fwd EY5.86%
FCF(TTM)3.15
FCFY6.08%
OCF(TTM)4.48
OCFY8.64%
SpS15.65
BVpS19.42
TBVpS14.68
PEG (NY)N/A
PEG (5Y)0.78
Profitability
Industry RankSector Rank
ROA 3.55%
ROE 5.87%
ROCE 9.46%
ROIC 8.13%
ROICexc 10.67%
ROICexgc 13.59%
OM 17.54%
PM (TTM) 7.28%
GM 37.89%
FCFM 20.15%
ROA(3y)14.52%
ROA(5y)11.35%
ROE(3y)25.56%
ROE(5y)21.06%
ROIC(3y)19.04%
ROIC(5y)15.34%
ROICexc(3y)25.66%
ROICexc(5y)20.08%
ROICexgc(3y)33.75%
ROICexgc(5y)27.59%
ROCE(3y)22.16%
ROCE(5y)17.85%
ROICexcg growth 3Y-8.83%
ROICexcg growth 5Y5.63%
ROICexc growth 3Y-1.27%
ROICexc growth 5Y11.96%
OM growth 3Y9.94%
OM growth 5Y18.56%
PM growth 3Y14.02%
PM growth 5Y42.07%
GM growth 3Y4.08%
GM growth 5Y4.89%
F-Score5
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 2.62
Debt/EBITDA 1.9
Cap/Depr 83.14%
Cap/Sales 8.48%
Interest Coverage 18.49
Cash Conversion 103.21%
Profit Quality 276.77%
Current Ratio 5.02
Quick Ratio 3.37
Altman-Z 4.52
F-Score5
WACC11.2%
ROIC/WACC0.73
Cap/Depr(3y)184.74%
Cap/Depr(5y)142.8%
Cap/Sales(3y)13.78%
Cap/Sales(5y)11.57%
Profit Quality(3y)59.82%
Profit Quality(5y)95.66%
High Growth Momentum
Growth
EPS 1Y (TTM)-35.47%
EPS 3Y10.62%
EPS 5Y21.88%
EPS Q2Q%-44.79%
EPS Next Y-40.65%
EPS Next 2Y-12.61%
EPS Next 3Y2.45%
EPS Next 5Y10.96%
Revenue 1Y (TTM)-17.93%
Revenue growth 3Y1.67%
Revenue growth 5Y5.12%
Sales Q2Q%-15.36%
Revenue Next Year-16.3%
Revenue Next 2Y-5.6%
Revenue Next 3Y-0.57%
Revenue Next 5Y4.23%
EBIT growth 1Y-51.37%
EBIT growth 3Y11.77%
EBIT growth 5Y24.63%
EBIT Next Year-16.45%
EBIT Next 3Y8.53%
EBIT Next 5Y13.49%
FCF growth 1Y10.32%
FCF growth 3Y-2.05%
FCF growth 5Y82.37%
OCF growth 1Y-27.68%
OCF growth 3Y2.27%
OCF growth 5Y22.37%