ON SEMICONDUCTOR (XS4.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:XS4 • US6821891057
51.79 EUR
+0.87 (+1.71%)
Last: Feb 2, 2026, 07:00 PM
Taking everything into account, XS4 scores 5 out of 10 in our fundamental rating. XS4 was compared to 63 industry peers in the Semiconductors & Semiconductor Equipment industry. XS4 has an excellent financial health rating, but there are some minor concerns on its profitability. XS4 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year XS4 was profitable.
- In the past year XS4 had a positive cash flow from operations.
- In the past 5 years XS4 has always been profitable.
- Each year in the past 5 years XS4 had a positive operating cash flow.
1.2 Ratios
- XS4's Return On Assets of 2.45% is on the low side compared to the rest of the industry. XS4 is outperformed by 74.60% of its industry peers.
- XS4 has a worse Return On Equity (4.04%) than 73.02% of its industry peers.
- XS4 has a Return On Invested Capital of 6.79%. This is comparable to the rest of the industry: XS4 outperforms 47.62% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for XS4 is above the industry average of 15.01%.
- The 3 year average ROIC (19.04%) for XS4 is well above the current ROIC(6.79%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 4.04% | ||
| ROIC | 6.79% |
ROA(3y)14.52%
ROA(5y)11.35%
ROE(3y)25.56%
ROE(5y)21.06%
ROIC(3y)19.04%
ROIC(5y)15.34%
1.3 Margins
- The Profit Margin of XS4 (5.16%) is worse than 74.60% of its industry peers.
- XS4's Profit Margin has improved in the last couple of years.
- XS4 has a Operating Margin (15.06%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of XS4 has grown nicely.
- XS4 has a Gross Margin of 35.75%. This is in the lower half of the industry: XS4 underperforms 79.37% of its industry peers.
- In the last couple of years the Gross Margin of XS4 has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.06% | ||
| PM (TTM) | 5.16% | ||
| GM | 35.75% |
OM growth 3Y9.94%
OM growth 5Y18.56%
PM growth 3Y14.02%
PM growth 5Y42.07%
GM growth 3Y4.08%
GM growth 5Y4.89%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so XS4 is creating value.
- XS4 has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, XS4 has more shares outstanding
- The debt/assets ratio for XS4 has been reduced compared to a year ago.
2.2 Solvency
- XS4 has an Altman-Z score of 4.95. This indicates that XS4 is financially healthy and has little risk of bankruptcy at the moment.
- The Altman-Z score of XS4 (4.95) is comparable to the rest of the industry.
- The Debt to FCF ratio of XS4 is 2.47, which is a good value as it means it would take XS4, 2.47 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of XS4 (2.47) is comparable to the rest of the industry.
- A Debt/Equity ratio of 0.43 indicates that XS4 is not too dependend on debt financing.
- XS4 has a Debt to Equity ratio of 0.43. This is in the lower half of the industry: XS4 underperforms 74.60% of its industry peers.
- Although XS4 does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 2.47 | ||
| Altman-Z | 4.95 |
ROIC/WACC0.65
WACC10.45%
2.3 Liquidity
- XS4 has a Current Ratio of 5.23. This indicates that XS4 is financially healthy and has no problem in meeting its short term obligations.
- The Current ratio of XS4 (5.23) is better than 90.48% of its industry peers.
- A Quick Ratio of 3.54 indicates that XS4 has no problem at all paying its short term obligations.
- With an excellent Quick ratio value of 3.54, XS4 belongs to the best of the industry, outperforming 90.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.23 | ||
| Quick Ratio | 3.54 |
3. Growth
3.1 Past
- The earnings per share for XS4 have decreased strongly by -37.85% in the last year.
- XS4 shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.88% yearly.
- XS4 shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.13%.
- The Revenue has been growing slightly by 5.12% on average over the past years.
EPS 1Y (TTM)-37.85%
EPS 3Y10.62%
EPS 5Y21.88%
EPS Q2Q%-36.36%
Revenue 1Y (TTM)-16.13%
Revenue growth 3Y1.67%
Revenue growth 5Y5.12%
Sales Q2Q%-11.98%
3.2 Future
- Based on estimates for the next years, XS4 will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.23% on average per year.
- The Revenue is expected to grow by 3.96% on average over the next years.
EPS Next Y-39.69%
EPS Next 2Y-13.17%
EPS Next 3Y2.09%
EPS Next 5Y11.23%
Revenue Next Year-15.68%
Revenue Next 2Y-5.74%
Revenue Next 3Y-0.81%
Revenue Next 5Y3.96%
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 23.02, the valuation of XS4 can be described as rather expensive.
- 80.95% of the companies in the same industry are more expensive than XS4, based on the Price/Earnings ratio.
- XS4's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.41.
- XS4 is valuated rather expensively with a Price/Forward Earnings ratio of 20.44.
- XS4's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. XS4 is cheaper than 76.19% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.64, XS4 is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.02 | ||
| Fwd PE | 20.44 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, XS4 is valued a bit cheaper than 65.08% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of XS4 indicates a rather cheap valuation: XS4 is cheaper than 92.06% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.04 | ||
| EV/EBITDA | 15.79 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.05
EPS Next 2Y-13.17%
EPS Next 3Y2.09%
5. Dividend
5.1 Amount
- XS4 does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
FRA:XS4 (2/2/2026, 7:00:00 PM)
51.79
+0.87 (+1.71%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-03 2025-11-03/bmo
Earnings (Next)02-09 2026-02-09/amc
Inst Owners112.18%
Inst Owner ChangeN/A
Ins Owners0.3%
Ins Owner ChangeN/A
Market Cap20.84B
Revenue(TTM)6.19B
Net Income(TTM)319.10M
Analysts71.82
Price Target50.95 (-1.62%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)0.1%
Min EPS beat(2)-3.5%
Max EPS beat(2)3.69%
EPS beat(4)2
Avg EPS beat(4)0.1%
Min EPS beat(4)-5.32%
Max EPS beat(4)5.53%
EPS beat(8)5
Avg EPS beat(8)0.14%
EPS beat(12)9
Avg EPS beat(12)1.33%
EPS beat(16)13
Avg EPS beat(16)3.29%
Revenue beat(2)0
Avg Revenue beat(2)-1.24%
Min Revenue beat(2)-1.82%
Max Revenue beat(2)-0.65%
Revenue beat(4)1
Avg Revenue beat(4)-1.81%
Min Revenue beat(4)-4.89%
Max Revenue beat(4)0.12%
Revenue beat(8)1
Avg Revenue beat(8)-2.12%
Revenue beat(12)2
Avg Revenue beat(12)-1.74%
Revenue beat(16)5
Avg Revenue beat(16)-1.29%
PT rev (1m)0%
PT rev (3m)-0.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.21%
EPS NY rev (1m)0%
EPS NY rev (3m)1.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.02 | ||
| Fwd PE | 20.44 | ||
| P/S | 3.99 | ||
| P/FCF | 18.04 | ||
| P/OCF | 13.82 | ||
| P/B | 3.12 | ||
| P/tB | 4.13 | ||
| EV/EBITDA | 15.79 |
EPS(TTM)2.25
EY4.34%
EPS(NY)2.53
Fwd EY4.89%
FCF(TTM)2.87
FCFY5.54%
OCF(TTM)3.75
OCFY7.23%
SpS12.99
BVpS16.59
TBVpS12.54
PEG (NY)N/A
PEG (5Y)1.05
Graham Number28.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 4.04% | ||
| ROCE | 7.9% | ||
| ROIC | 6.79% | ||
| ROICexc | 8.97% | ||
| ROICexgc | 11.45% | ||
| OM | 15.06% | ||
| PM (TTM) | 5.16% | ||
| GM | 35.75% | ||
| FCFM | 22.11% |
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%
ROICexgc growth 3Y-8.83%
ROICexgc 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 Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 2.47 | ||
| Debt/EBITDA | 2.15 | ||
| Cap/Depr | 65.39% | ||
| Cap/Sales | 6.74% | ||
| Interest Coverage | 14.93 | ||
| Cash Conversion | 113.74% | ||
| Profit Quality | 428.71% | ||
| Current Ratio | 5.23 | ||
| Quick Ratio | 3.54 | ||
| Altman-Z | 4.95 |
F-Score5
WACC10.45%
ROIC/WACC0.65
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)-37.85%
EPS 3Y10.62%
EPS 5Y21.88%
EPS Q2Q%-36.36%
EPS Next Y-39.69%
EPS Next 2Y-13.17%
EPS Next 3Y2.09%
EPS Next 5Y11.23%
Revenue 1Y (TTM)-16.13%
Revenue growth 3Y1.67%
Revenue growth 5Y5.12%
Sales Q2Q%-11.98%
Revenue Next Year-15.68%
Revenue Next 2Y-5.74%
Revenue Next 3Y-0.81%
Revenue Next 5Y3.96%
EBIT growth 1Y-55.33%
EBIT growth 3Y11.77%
EBIT growth 5Y24.63%
EBIT Next Year-18.05%
EBIT Next 3Y6.95%
EBIT Next 5Y13.95%
FCF growth 1Y130.61%
FCF growth 3Y-2.05%
FCF growth 5Y82.37%
OCF growth 1Y-14.9%
OCF growth 3Y2.27%
OCF growth 5Y22.37%
ON SEMICONDUCTOR / XS4.DE FAQ
What is the ChartMill fundamental rating of ON SEMICONDUCTOR (XS4.DE) stock?
ChartMill assigns a fundamental rating of 5 / 10 to XS4.DE.
What is the valuation status for XS4 stock?
ChartMill assigns a valuation rating of 4 / 10 to ON SEMICONDUCTOR (XS4.DE). This can be considered as Fairly Valued.
What is the profitability of XS4 stock?
ON SEMICONDUCTOR (XS4.DE) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for XS4 stock?
The Price/Earnings (PE) ratio for ON SEMICONDUCTOR (XS4.DE) is 23.02 and the Price/Book (PB) ratio is 3.12.
Can you provide the expected EPS growth for XS4 stock?
The Earnings per Share (EPS) of ON SEMICONDUCTOR (XS4.DE) is expected to decline by -39.69% in the next year.