ON SEMICONDUCTOR (ON) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:ON • US6821891057

65.1 USD
-0.1 (-0.15%)
At close: Feb 9, 2026
63.0014 USD
-2.1 (-3.22%)
After Hours: 2/9/2026, 8:23:53 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to ON. ON was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making ON a very profitable company, without any liquidiy or solvency issues. ON has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year ON was profitable.
  • ON had a positive operating cash flow in the past year.
  • In the past 5 years ON has always been profitable.
  • In the past 5 years ON always reported a positive cash flow from operatings.
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 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 (2.45%) is comparable to the rest of the industry.
  • ON has a Return On Equity (4.04%) which is comparable to the rest of the industry.
  • ON's Return On Invested Capital of 6.79% is fine compared to the rest of the industry. ON outperforms 73.45% of its industry peers.
  • ON had an Average Return On Invested Capital over the past 3 years of 19.04%. This is significantly above the industry average of 10.71%.
  • The last Return On Invested Capital (6.79%) for ON is well below the 3 year average (19.04%), which needs to be investigated, but indicates that ON had better years and this may not be a problem.
Industry RankSector 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%
ON Yearly ROA, ROE, ROICON Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • ON has a Profit Margin (5.16%) which is comparable to the rest of the industry.
  • ON's Profit Margin has improved in the last couple of years.
  • ON's Operating Margin of 15.06% is fine compared to the rest of the industry. ON outperforms 73.45% of its industry peers.
  • In the last couple of years the Operating Margin of ON has grown nicely.
  • The Gross Margin of ON (35.75%) is worse than 61.95% of its industry peers.
  • In the last couple of years the Gross Margin of ON has grown nicely.
Industry RankSector 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%
ON Yearly Profit, Operating, Gross MarginsON Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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7

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ON is still creating some value.
  • The number of shares outstanding for ON has been reduced compared to 1 year ago.
  • The number of shares outstanding for ON has been increased compared to 5 years ago.
  • ON has a better debt/assets ratio than last year.
ON Yearly Shares OutstandingON Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.2 Solvency

  • ON has an Altman-Z score of 5.14. This indicates that ON is financially healthy and has little risk of bankruptcy at the moment.
  • ON has a better Altman-Z score (5.14) than 60.18% of its industry peers.
  • The Debt to FCF ratio of ON is 2.47, which is a good value as it means it would take ON, 2.47 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.47, ON is in the better half of the industry, outperforming 65.49% of the companies in the same industry.
  • A Debt/Equity ratio of 0.43 indicates that ON is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.43, ON is not doing good in the industry: 68.14% of the companies in the same industry are doing better.
  • Even though the debt/equity ratio score it not favorable for ON, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 2.47
Altman-Z 5.14
ROIC/WACC0.64
WACC10.63%
ON Yearly LT Debt VS Equity VS FCFON Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.3 Liquidity

  • ON has a Current Ratio of 5.23. This indicates that ON is financially healthy and has no problem in meeting its short term obligations.
  • ON has a Current ratio of 5.23. This is in the better half of the industry: ON outperforms 74.34% of its industry peers.
  • A Quick Ratio of 3.54 indicates that ON has no problem at all paying its short term obligations.
  • ON has a Quick ratio of 3.54. This is in the better half of the industry: ON outperforms 68.14% of its industry peers.
Industry RankSector Rank
Current Ratio 5.23
Quick Ratio 3.54
ON Yearly Current Assets VS Current LiabilitesON Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • ON shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -37.85%.
  • 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.
  • ON shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.13%.
  • Measured over the past years, ON shows a small growth in Revenue. The Revenue has been growing by 5.12% on average per year.
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, ON will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.23% on average per year.
  • ON is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.96% yearly.
EPS Next Y-39.69%
EPS Next 2Y-13.11%
EPS Next 3Y2.15%
EPS Next 5Y11.23%
Revenue Next Year-15.68%
Revenue Next 2Y-5.72%
Revenue Next 3Y-0.79%
Revenue Next 5Y3.96%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ON Yearly Revenue VS EstimatesON Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8

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5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 24.47 indicates a rather expensive valuation of ON.
  • 86.73% of the companies in the same industry are more expensive than ON, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 28.06, ON is valued at the same level.
  • A Price/Forward Earnings ratio of 21.67 indicates a rather expensive valuation of ON.
  • ON's Price/Forward Earnings ratio is rather cheap when compared to the industry. ON is cheaper than 85.84% of the companies in the same industry.
  • ON is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.86, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 24.47
Fwd PE 21.67
ON Price Earnings VS Forward Price EarningsON Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ON is valued cheaper than 83.19% of the companies in the same industry.
  • ON's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ON is cheaper than 92.04% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.15
EV/EBITDA 16.78
ON Per share dataON EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The decent profitability rating of ON may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.12
EPS Next 2Y-13.11%
EPS Next 3Y2.15%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • ON does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

ON SEMICONDUCTOR

NASDAQ:ON (2/9/2026, 8:23:53 PM)

After market: 63.0014 -2.1 (-3.22%)

65.1

-0.1 (-0.15%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-03
Earnings (Next)02-09
Inst Owners112.18%
Inst Owner Change-1.91%
Ins Owners0.3%
Ins Owner Change-0.68%
Market Cap26.19B
Revenue(TTM)6.19B
Net Income(TTM)319.10M
Analysts71.82
Price Target64.85 (-0.38%)
Short Float %8.68%
Short Ratio3.81
Dividend
Industry RankSector 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)7.25%
PT rev (3m)9.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.21%
EPS NY rev (1m)0.01%
EPS NY rev (3m)1.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.7%
Valuation
Industry RankSector Rank
PE 24.47
Fwd PE 21.67
P/S 4.23
P/FCF 19.15
P/OCF 14.68
P/B 3.31
P/tB 4.38
EV/EBITDA 16.78
EPS(TTM)2.66
EY4.09%
EPS(NY)3
Fwd EY4.62%
FCF(TTM)3.4
FCFY5.22%
OCF(TTM)4.44
OCFY6.81%
SpS15.38
BVpS19.65
TBVpS14.85
PEG (NY)N/A
PEG (5Y)1.12
Graham Number34.29
Profitability
Industry RankSector 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 RankSector 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 5.14
F-Score5
WACC10.63%
ROIC/WACC0.64
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-13.11%
EPS Next 3Y2.15%
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-5.72%
Revenue Next 3Y-0.79%
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 / ON FAQ

What is the ChartMill fundamental rating of ON SEMICONDUCTOR (ON) stock?

ChartMill assigns a fundamental rating of 6 / 10 to ON.


What is the valuation status of ON SEMICONDUCTOR (ON) stock?

ChartMill assigns a valuation rating of 5 / 10 to ON SEMICONDUCTOR (ON). This can be considered as Fairly Valued.


Can you provide the profitability details for ON SEMICONDUCTOR?

ON SEMICONDUCTOR (ON) has a profitability rating of 7 / 10.


What is the expected EPS growth for ON SEMICONDUCTOR (ON) stock?

The Earnings per Share (EPS) of ON SEMICONDUCTOR (ON) is expected to decline by -39.69% in the next year.