ONTO INNOVATION INC (ONTO) Stock Fundamental Analysis
USA - NYSE:ONTO - US6833441057 - Common Stock
141.07 USD
+1.98 (+1.42%)
141.07 USD
0 (0%)
Overall ONTO gets a fundamental rating of 7 out of 10. We evaluated ONTO against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making ONTO a very profitable company, without any liquidiy or solvency issues. ONTO is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings could make ONTO a good candidate for growth and quality investing.
1. Profitability
1.1 Basic Checks
In the past year ONTO was profitable.
ONTO had a positive operating cash flow in the past year.
In the past 5 years ONTO has always been profitable.
Each year in the past 5 years ONTO had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ONTO (8.01%) is better than 76.79% of its industry peers.
Looking at the Return On Equity, with a value of 8.74%, ONTO is in the better half of the industry, outperforming 70.54% of the companies in the same industry.
ONTO has a better Return On Invested Capital (9.62%) than 78.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ONTO is in line with the industry average of 10.93%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.01% | ||
| ROE | 8.74% | ||
| ROIC | 9.62% |
ROA(3y)9.44%
ROA(5y)7.81%
ROE(3y)10.48%
ROE(5y)8.77%
ROIC(3y)9.69%
ROIC(5y)8.09%
1.3 Margins
ONTO's Profit Margin of 17.46% is amongst the best of the industry. ONTO outperforms 80.36% of its industry peers.
ONTO's Profit Margin has improved in the last couple of years.
ONTO has a better Operating Margin (21.25%) than 81.25% of its industry peers.
ONTO's Operating Margin has been stable in the last couple of years.
The Gross Margin of ONTO (54.83%) is better than 74.11% of its industry peers.
In the last couple of years the Gross Margin of ONTO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.25% | ||
| PM (TTM) | 17.46% | ||
| GM | 54.83% |
OM growth 3Y0.92%
OM growth 5YN/A
PM growth 3Y4.23%
PM growth 5Y101.1%
GM growth 3Y-0.48%
GM growth 5Y3.97%
2. Health
2.1 Basic Checks
ONTO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for ONTO has been increased compared to 1 year ago.
Compared to 5 years ago, ONTO has less shares outstanding
ONTO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
ONTO has an Altman-Z score of 24.48. This indicates that ONTO is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 24.48, ONTO belongs to the top of the industry, outperforming 90.18% of the companies in the same industry.
There is no outstanding debt for ONTO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 24.48 |
ROIC/WACC0.9
WACC10.72%
2.3 Liquidity
A Current Ratio of 9.49 indicates that ONTO has no problem at all paying its short term obligations.
With an excellent Current ratio value of 9.49, ONTO belongs to the best of the industry, outperforming 94.64% of the companies in the same industry.
ONTO has a Quick Ratio of 7.89. This indicates that ONTO is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 7.89, ONTO belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 9.49 | ||
| Quick Ratio | 7.89 |
3. Growth
3.1 Past
ONTO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.92%.
Measured over the past years, ONTO shows a very strong growth in Earnings Per Share. The EPS has been growing by 36.96% on average per year.
The Revenue has been growing slightly by 6.38% in the past year.
Measured over the past years, ONTO shows a very strong growth in Revenue. The Revenue has been growing by 26.41% on average per year.
EPS 1Y (TTM)5.92%
EPS 3Y11.5%
EPS 5Y36.96%
EPS Q2Q%-31.34%
Revenue 1Y (TTM)6.38%
Revenue growth 3Y7.77%
Revenue growth 5Y26.41%
Sales Q2Q%-13.49%
3.2 Future
Based on estimates for the next years, ONTO will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.71% on average per year.
ONTO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.58% yearly.
EPS Next Y-6.95%
EPS Next 2Y3.3%
EPS Next 3Y9.83%
EPS Next 5Y15.71%
Revenue Next Year1.2%
Revenue Next 2Y4.96%
Revenue Next 3Y8.04%
Revenue Next 5Y13.58%
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 estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 27.18, the valuation of ONTO can be described as expensive.
ONTO's Price/Earnings ratio is a bit cheaper when compared to the industry. ONTO is cheaper than 79.46% of the companies in the same industry.
ONTO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.28.
ONTO is valuated rather expensively with a Price/Forward Earnings ratio of 24.71.
69.64% of the companies in the same industry are more expensive than ONTO, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 33.61, ONTO is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.18 | ||
| Fwd PE | 24.71 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ONTO is valued a bit cheaper than 68.75% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ONTO is valued cheaply inside the industry as 82.14% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.45 | ||
| EV/EBITDA | 20.88 |
4.3 Compensation for Growth
The decent profitability rating of ONTO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.74
EPS Next 2Y3.3%
EPS Next 3Y9.83%
5. Dividend
5.1 Amount
No dividends for ONTO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
141.07
+1.98 (+1.42%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners102.21%
Inst Owner Change1.85%
Ins Owners0.69%
Ins Owner Change6.72%
Market Cap6.91B
Revenue(TTM)1.00B
Net Income(TTM)175.05M
Analysts80
Price Target163.04 (15.57%)
Short Float %3.97%
Short Ratio1.46
Dividend
| Industry Rank | Sector 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)-1.35%
Min EPS beat(2)-3.56%
Max EPS beat(2)0.86%
EPS beat(4)3
Avg EPS beat(4)0.88%
Min EPS beat(4)-3.56%
Max EPS beat(4)5.24%
EPS beat(8)6
Avg EPS beat(8)2.61%
EPS beat(12)7
Avg EPS beat(12)2.28%
EPS beat(16)10
Avg EPS beat(16)2.88%
Revenue beat(2)0
Avg Revenue beat(2)-1.8%
Min Revenue beat(2)-2.16%
Max Revenue beat(2)-1.44%
Revenue beat(4)0
Avg Revenue beat(4)-1.53%
Min Revenue beat(4)-2.16%
Max Revenue beat(4)-0.67%
Revenue beat(8)3
Avg Revenue beat(8)-0.4%
Revenue beat(12)3
Avg Revenue beat(12)-1.81%
Revenue beat(16)6
Avg Revenue beat(16)-0.84%
PT rev (1m)7.36%
PT rev (3m)6.86%
EPS NQ rev (1m)3.47%
EPS NQ rev (3m)-11.46%
EPS NY rev (1m)-0.4%
EPS NY rev (3m)-5.18%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)-0.38%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.18 | ||
| Fwd PE | 24.71 | ||
| P/S | 6.9 | ||
| P/FCF | 26.45 | ||
| P/OCF | 23.89 | ||
| P/B | 3.45 | ||
| P/tB | 4.4 | ||
| EV/EBITDA | 20.88 |
EPS(TTM)5.19
EY3.68%
EPS(NY)5.71
Fwd EY4.05%
FCF(TTM)5.33
FCFY3.78%
OCF(TTM)5.9
OCFY4.19%
SpS20.46
BVpS40.86
TBVpS32.04
PEG (NY)N/A
PEG (5Y)0.74
Graham Number69.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.01% | ||
| ROE | 8.74% | ||
| ROCE | 10.53% | ||
| ROIC | 9.62% | ||
| ROICexc | 18.73% | ||
| ROICexgc | 32.05% | ||
| OM | 21.25% | ||
| PM (TTM) | 17.46% | ||
| GM | 54.83% | ||
| FCFM | 26.07% |
ROA(3y)9.44%
ROA(5y)7.81%
ROE(3y)10.48%
ROE(5y)8.77%
ROIC(3y)9.69%
ROIC(5y)8.09%
ROICexc(3y)26.36%
ROICexc(5y)19.22%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10.6%
ROCE(5y)8.85%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y40.61%
ROICexc growth 5YN/A
OM growth 3Y0.92%
OM growth 5YN/A
PM growth 3Y4.23%
PM growth 5Y101.1%
GM growth 3Y-0.48%
GM growth 5Y3.97%
F-Score7
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 53.19% | ||
| Cap/Sales | 2.79% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 108.89% | ||
| Profit Quality | 149.28% | ||
| Current Ratio | 9.49 | ||
| Quick Ratio | 7.89 | ||
| Altman-Z | 24.48 |
F-Score7
WACC10.72%
ROIC/WACC0.9
Cap/Depr(3y)37.74%
Cap/Depr(5y)27.42%
Cap/Sales(3y)2.61%
Cap/Sales(5y)2.01%
Profit Quality(3y)94.1%
Profit Quality(5y)145.35%
High Growth Momentum
Growth
EPS 1Y (TTM)5.92%
EPS 3Y11.5%
EPS 5Y36.96%
EPS Q2Q%-31.34%
EPS Next Y-6.95%
EPS Next 2Y3.3%
EPS Next 3Y9.83%
EPS Next 5Y15.71%
Revenue 1Y (TTM)6.38%
Revenue growth 3Y7.77%
Revenue growth 5Y26.41%
Sales Q2Q%-13.49%
Revenue Next Year1.2%
Revenue Next 2Y4.96%
Revenue Next 3Y8.04%
Revenue Next 5Y13.58%
EBIT growth 1Y18.22%
EBIT growth 3Y8.75%
EBIT growth 5YN/A
EBIT Next Year10.59%
EBIT Next 3Y19.11%
EBIT Next 5Y20.15%
FCF growth 1Y99.17%
FCF growth 3Y9.39%
FCF growth 5Y80.04%
OCF growth 1Y80.94%
OCF growth 3Y11.91%
OCF growth 5Y68.48%
ONTO INNOVATION INC / ONTO FAQ
Can you provide the ChartMill fundamental rating for ONTO INNOVATION INC?
ChartMill assigns a fundamental rating of 7 / 10 to ONTO.
What is the valuation status of ONTO INNOVATION INC (ONTO) stock?
ChartMill assigns a valuation rating of 5 / 10 to ONTO INNOVATION INC (ONTO). This can be considered as Fairly Valued.
What is the profitability of ONTO stock?
ONTO INNOVATION INC (ONTO) has a profitability rating of 7 / 10.
What is the financial health of ONTO INNOVATION INC (ONTO) stock?
The financial health rating of ONTO INNOVATION INC (ONTO) is 9 / 10.