ON SEMICONDUCTOR (ON) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:ON • US6821891057

64.195 USD
+1.09 (+1.74%)
Last: Feb 6, 2026, 10:22 AM
Fundamental Rating

6

Overall ON gets a fundamental rating of 6 out of 10. We evaluated ON against 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

  • ON had positive earnings in the past year.
  • In the past year ON had a positive cash flow from operations.
  • ON had positive earnings in each of the past 5 years.
  • ON had a positive operating cash flow in each of the past 5 years.
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

  • ON has a Return On Assets of 2.45%. This is comparable to the rest of the industry: ON outperforms 55.75% of its industry peers.
  • ON has a Return On Equity (4.04%) which is in line with its industry peers.
  • The Return On Invested Capital of ON (6.79%) is better than 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 3 year average ROIC (19.04%) for ON is well above the current ROIC(6.79%). The reason for the recent decline needs to be investigated.
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.
  • In the last couple of years the Profit Margin of ON has grown nicely.
  • The Operating Margin of ON (15.06%) is better than 74.34% of its industry peers.
  • ON's Operating Margin has improved in the last couple of years.
  • ON has a worse Gross Margin (35.75%) 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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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ON is creating value.
  • Compared to 1 year ago, ON has less shares outstanding
  • The number of shares outstanding for ON has been increased compared to 5 years ago.
  • Compared to 1 year ago, ON has an improved debt to assets ratio.
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

  • An Altman-Z score of 5.04 indicates that ON is not in any danger for bankruptcy at the moment.
  • ON has a Altman-Z score (5.04) which is comparable to the rest of the industry.
  • 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.
  • ON has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
  • ON has a Debt to Equity ratio of 0.43. This is in the lower half of the industry: ON underperforms 68.14% of its industry peers.
  • 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 5.04
ROIC/WACC0.64
WACC10.56%
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.
  • The Current ratio of ON (5.23) is better than 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

  • The earnings per share for ON have decreased strongly by -37.85% in the last year.
  • 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.
  • Looking at the last year, ON shows a very negative growth in Revenue. The Revenue has decreased by -16.13% in the last year.
  • 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

  • ON is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.23% yearly.
  • 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-13.17%
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

  • 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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 24.13 indicates a rather expensive valuation of ON.
  • Based on the Price/Earnings ratio, ON is valued cheaper than 86.73% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.67. ON is around the same levels.
  • ON is valuated rather expensively with a Price/Forward Earnings ratio of 21.39.
  • ON's Price/Forward Earnings ratio is rather cheap when compared to the industry. ON is cheaper than 83.19% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.20. ON is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 24.13
Fwd PE 21.39
ON Price Earnings VS Forward Price EarningsON Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ON indicates a rather cheap valuation: ON is cheaper than 81.42% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, ON is valued cheaper than 92.04% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.88
EV/EBITDA 16.25
ON Per share dataON EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • ON has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.1
EPS Next 2Y-13.17%
EPS Next 3Y2.09%

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%

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Find the best dividend stocksShow peers with best dividend

ON SEMICONDUCTOR

NASDAQ:ON (2/6/2026, 10:22:08 AM)

64.195

+1.09 (+1.74%)

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-1.48%
Ins Owners0.3%
Ins Owner Change-0.68%
Market Cap25.83B
Revenue(TTM)6.19B
Net Income(TTM)319.10M
Analysts71.82
Price Target61.93 (-3.53%)
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)2.42%
PT rev (3m)5.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.1%
EPS NY rev (1m)0%
EPS NY rev (3m)1.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.57%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.7%
Valuation
Industry RankSector Rank
PE 24.13
Fwd PE 21.39
P/S 4.17
P/FCF 18.88
P/OCF 14.47
P/B 3.27
P/tB 4.32
EV/EBITDA 16.25
EPS(TTM)2.66
EY4.14%
EPS(NY)3
Fwd EY4.67%
FCF(TTM)3.4
FCFY5.3%
OCF(TTM)4.44
OCFY6.91%
SpS15.38
BVpS19.65
TBVpS14.85
PEG (NY)N/A
PEG (5Y)1.1
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 5.04
F-Score5
WACC10.56%
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-13.17%
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 / 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.