ONTO INNOVATION INC (ONTO)
US6833441057 - Common Stock
Overall ONTO gets a fundamental rating of 5 out of 10. We evaluated ONTO against 107 industry peers in the Semiconductors & Semiconductor Equipment industry. ONTO is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. While showing a medium growth rate, ONTO is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
ONTO had positive earnings in the past year.
In the past year ONTO had a positive cash flow from operations.
ONTO had positive earnings in each of the past 5 years.
ONTO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ONTO has a Return On Assets of 6.35%. This is in the better half of the industry: ONTO outperforms 65.09% of its industry peers.
ONTO has a Return On Equity (6.98%) which is in line with its industry peers.
ONTO has a Return On Invested Capital (5.52%) which is in line with its industry peers.
ONTO had an Average Return On Invested Capital over the past 3 years of 8.41%. This is below the industry average of 10.53%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.35% | ||
| ROE | 6.98% | ||
| ROIC | 5.52% |
ROA(3y)9.14%
ROA(5y)5.93%
ROE(3y)10.31%
ROE(5y)6.71%
ROIC(3y)8.41%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of ONTO (14.85%) is better than 69.81% of its industry peers.
ONTO's Profit Margin has declined in the last couple of years.
The Operating Margin of ONTO (15.08%) is better than 66.98% of its industry peers.
In the last couple of years the Operating Margin of ONTO has declined.
ONTO has a better Gross Margin (52.38%) than 67.92% of its industry peers.
ONTO's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.08% | ||
| PM (TTM) | 14.85% | ||
| GM | 52.38% |
OM growth 3Y46.51%
OM growth 5Y-5.94%
PM growth 3Y38.66%
PM growth 5Y-3.5%
GM growth 3Y1.53%
GM growth 5Y-1.59%
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.
Compared to 1 year ago, ONTO has more shares outstanding
ONTO has more shares outstanding than it did 5 years ago.
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.
2.2 Solvency
ONTO has an Altman-Z score of 37.23. This indicates that ONTO is financially healthy and has little risk of bankruptcy at the moment.
ONTO has a better Altman-Z score (37.23) than 94.34% of its industry peers.
ONTO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 37.23 |
ROIC/WACC0.44
WACC12.56%
2.3 Liquidity
ONTO has a Current Ratio of 8.69. This indicates that ONTO is financially healthy and has no problem in meeting its short term obligations.
ONTO has a Current ratio of 8.69. This is amongst the best in the industry. ONTO outperforms 92.45% of its industry peers.
ONTO has a Quick Ratio of 6.47. This indicates that ONTO is financially healthy and has no problem in meeting its short term obligations.
ONTO's Quick ratio of 6.47 is amongst the best of the industry. ONTO outperforms 91.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.69 | ||
| Quick Ratio | 6.47 |
3. Growth
3.1 Past
ONTO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.30%.
ONTO shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.40% yearly.
The Revenue for ONTO has decreased by -18.83% in the past year. This is quite bad
The Revenue has been growing by 20.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-32.3%
EPS 3Y24.56%
EPS 5Y9.4%
EPS growth Q2Q-32.48%
Revenue 1Y (TTM)-18.83%
Revenue growth 3Y13.6%
Revenue growth 5Y20.25%
Revenue growth Q2Q-13.6%
3.2 Future
ONTO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.05% yearly.
ONTO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.27% yearly.
EPS Next Y27.74%
EPS Next 2Y27.19%
EPS Next 3Y27.05%
EPS Next 5YN/A
Revenue Next Year14.49%
Revenue Next 2Y13.71%
Revenue Next 3Y17.27%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ONTO is valuated quite expensively with a Price/Earnings ratio of 55.88.
Compared to the rest of the industry, the Price/Earnings ratio of ONTO is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 28.31. ONTO is valued rather expensively when compared to this.
ONTO is valuated quite expensively with a Price/Forward Earnings ratio of 43.74.
ONTO's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.48, ONTO is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.88 | ||
| Fwd PE | 43.74 |
4.2 Price Multiples
ONTO's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, ONTO is valued a bit cheaper than the industry average as 61.32% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 68.64 | ||
| EV/EBITDA | 45.34 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ONTO does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as ONTO's earnings are expected to grow with 27.05% in the coming years.
PEG (NY)2.01
PEG (5Y)5.94
EPS Next 2Y27.19%
EPS Next 3Y27.05%
5. Dividend
5.1 Amount
No dividends for ONTO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ONTO INNOVATION INC
NYSE:ONTO (5/9/2024, 7:10:10 PM)
After market: 208.42 0 (0%)208.42
+2.27 (+1.1%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap10.25B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 55.88 | ||
| Fwd PE | 43.74 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.01
PEG (5Y)5.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.35% | ||
| ROE | 6.98% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 15.08% | ||
| PM (TTM) | 14.85% | ||
| GM | 52.38% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 8.69 | ||
| Quick Ratio | 6.47 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-32.3%
EPS 3Y24.56%
EPS 5Y
EPS growth Q2Q
EPS Next Y27.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-18.83%
Revenue growth 3Y13.6%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y