Why Quality Investors May Find ONTO INNOVATION INC (NYSE:ONTO) Attractive.

In this article we will dive into ONTO INNOVATION INC (NYSE:ONTO) as a possible candidate for quality investing. Investors should always do their own research, but we noticed ONTO INNOVATION INC showing up in our Caviar Cruise quality screen, which makes it worth to investigate a bit more.

Highlighting Notable Quality Metrics of NYSE:ONTO.

• Over the past 5 years, ONTO INNOVATION INC has experienced impressive revenue growth, with 31.2% increase. This demonstrates the company's ability to effectively expand its top line and suggests a positive outlook for future revenue generation.
• With a notable ROIC excluding cash and goodwill at 19.91%, ONTO INNOVATION INC demonstrates its commitment to generating sustainable returns for shareholders. This metric emphasizes the company's effective use of capital and its ability to deliver long-term value.
• The Debt/Free Cash Flow Ratio of ONTO INNOVATION INC stands at 0.0, reflecting the company's prudent capital structure and cash flow dynamics. This ratio highlights the company's ability to generate robust free cash flow relative to its debt obligations.
• ONTO INNOVATION INC exhibits impressive Profit Quality (5-year) with a 252.0% ratio, reflecting its consistent ability to generate high-quality profits. This metric underscores the company's strong financial performance and commitment to delivering sustainable earnings.
• With a robust 5-year EBIT growth of 40.78%, ONTO INNOVATION INC showcases its ability to consistently expand its operating profitability. This trend indicates the company's effective cost management and revenue generation strategies.
• ONTO INNOVATION INC has achieved impressive EBIT 5-year growth, surpassing its Revenue 5-year growth. This indicates the company's ability to improve its profitability and operational efficiency, highlighting its strong financial performance.

How does the complete fundamental picture look for NYSE:ONTO?

Every day ChartMill assigns a Fundamental Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple fundamental indicators and properties.

Taking everything into account, ONTO scores 6 out of 10 in our fundamental rating. ONTO was compared to 106 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. ONTO is valied quite expensively at the moment, while it does show a decent growth rate.

Our latest full fundamental report of ONTO contains the most current fundamental analsysis.

More ideas for quality investing can be found on ChartMill in our Caviar Cruise screen.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.