ON SEMICONDUCTOR (ON) Stock Fundamental Analysis

NASDAQ:ON • US6821891057

66.48 USD
-1.68 (-2.46%)
At close: Feb 27, 2026
66.4 USD
-0.08 (-0.12%)
After Hours: 2/27/2026, 8:25:25 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 114 industry peers in the Semiconductors & Semiconductor Equipment industry. While ON has a great health rating, its profitability is only average at the moment. ON has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

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.
  • 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 2025 500M 1B 1.5B 2B 2.5B

1.2 Ratios

  • ON's Return On Assets of 0.97% is in line compared to the rest of the industry. ON outperforms 52.63% of its industry peers.
  • ON's Return On Equity of 1.58% is in line compared to the rest of the industry. ON outperforms 51.75% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.01%, ON is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ON is above the industry average of 10.64%.
  • The 3 year average ROIC (13.57%) for ON is well above the current ROIC(6.01%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 0.97%
ROE 1.58%
ROIC 6.01%
ROA(3y)9.55%
ROA(5y)11%
ROE(3y)15.84%
ROE(5y)20.05%
ROIC(3y)13.57%
ROIC(5y)16.19%
ON Yearly ROA, ROE, ROICON Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • ON has a Profit Margin of 2.02%. This is comparable to the rest of the industry: ON outperforms 52.63% of its industry peers.
  • In the last couple of years the Profit Margin of ON has declined.
  • ON has a better Operating Margin (12.53%) than 69.30% of its industry peers.
  • ON's Operating Margin has improved in the last couple of years.
  • ON's Gross Margin of 33.09% is on the low side compared to the rest of the industry. ON is outperformed by 65.79% of its industry peers.
  • ON's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 12.53%
PM (TTM) 2.02%
GM 33.09%
OM growth 3Y-27.74%
OM growth 5Y9.66%
PM growth 3Y-55.46%
PM growth 5Y-14.65%
GM growth 3Y-12.25%
GM growth 5Y0.27%
ON Yearly Profit, Operating, Gross MarginsON Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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) just above the Cost of Capital (WACC), ON is creating some value.
  • ON has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ON has been reduced compared to 5 years ago.
  • Compared to 1 year ago, ON has a worse debt to assets ratio.
ON Yearly Shares OutstandingON Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 5B 10B

2.2 Solvency

  • ON has an Altman-Z score of 5.42. This indicates that ON is financially healthy and has little risk of bankruptcy at the moment.
  • ON has a Altman-Z score (5.42) which is in line with its industry peers.
  • The Debt to FCF ratio of ON is 2.12, which is a good value as it means it would take ON, 2.12 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 2.12, ON is doing good in the industry, outperforming 65.79% of the companies in the same industry.
  • A Debt/Equity ratio of 0.39 indicates that ON is not too dependend on debt financing.
  • ON has a Debt to Equity ratio of 0.39. This is in the lower half of the industry: ON underperforms 66.67% of its industry peers.
  • Although ON 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 RankSector Rank
Debt/Equity 0.39
Debt/FCF 2.12
Altman-Z 5.42
ROIC/WACC0.59
WACC10.27%
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 2025 2B 4B 6B 8B

2.3 Liquidity

  • A Current Ratio of 4.52 indicates that ON has no problem at all paying its short term obligations.
  • ON has a Current ratio of 4.52. This is in the better half of the industry: ON outperforms 68.42% of its industry peers.
  • A Quick Ratio of 2.98 indicates that ON has no problem at all paying its short term obligations.
  • With a decent Quick ratio value of 2.98, ON is doing good in the industry, outperforming 63.16% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.52
Quick Ratio 2.98
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 2025 2B 4B 6B

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

6

3. Growth

3.1 Past

  • The earnings per share for ON have decreased strongly by -40.95% 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 22.85% on average per year.
  • ON shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -15.35%.
  • The Revenue has been growing slightly by 2.67% on average over the past years.
EPS 1Y (TTM)-40.95%
EPS 3Y-23.89%
EPS 5Y22.85%
EPS Q2Q%-32.63%
Revenue 1Y (TTM)-15.35%
Revenue growth 3Y-10.37%
Revenue growth 5Y2.67%
Sales Q2Q%-11.17%

3.2 Future

  • ON is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 31.02% yearly.
  • ON is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.03% yearly.
EPS Next Y27.86%
EPS Next 2Y34.36%
EPS Next 3Y32.56%
EPS Next 5Y31.02%
Revenue Next Year4.79%
Revenue Next 2Y7.44%
Revenue Next 3Y7.81%
Revenue Next 5Y13.03%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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 accelerating.
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

6

4. Valuation

4.1 Price/Earnings Ratio

  • ON is valuated quite expensively with a Price/Earnings ratio of 28.29.
  • Compared to the rest of the industry, the Price/Earnings ratio of ON indicates a rather cheap valuation: ON is cheaper than 85.09% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.10. ON is around the same levels.
  • A Price/Forward Earnings ratio of 22.13 indicates a rather expensive valuation of ON.
  • Based on the Price/Forward Earnings ratio, ON is valued cheaply inside the industry as 82.46% of the companies are valued more expensively.
  • ON's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 28.29
Fwd PE 22.13
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ON indicates a somewhat cheap valuation: ON is cheaper than 78.95% of the companies listed in the same industry.
  • ON's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ON is cheaper than 92.11% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.86
EV/EBITDA 19.12
ON Per share dataON EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • ON's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • ON has a very decent profitability rating, which may justify a higher PE ratio.
  • ON's earnings are expected to grow with 32.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.02
PEG (5Y)1.24
EPS Next 2Y34.36%
EPS Next 3Y32.56%

More info and screens

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

0

5. Dividend

5.1 Amount

  • No dividends for ON!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

ON SEMICONDUCTOR

NASDAQ:ON (2/27/2026, 8:25:25 PM)

After market: 66.4 -0.08 (-0.12%)

66.48

-1.68 (-2.46%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-09
Earnings (Next)05-04
Inst Owners112.18%
Inst Owner Change-3.05%
Ins Owners0.3%
Ins Owner Change-0.81%
Market Cap26.75B
Revenue(TTM)6.00B
Net Income(TTM)121.00M
Analysts71.82
Price Target64.85 (-2.45%)
Short Float %8.54%
Short Ratio3.51
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)1.74%
Min EPS beat(2)-0.21%
Max EPS beat(2)3.69%
EPS beat(4)2
Avg EPS beat(4)1.38%
Min EPS beat(4)-3.5%
Max EPS beat(4)5.53%
EPS beat(8)4
Avg EPS beat(8)0.1%
EPS beat(12)8
Avg EPS beat(12)1.22%
EPS beat(16)12
Avg EPS beat(16)2.47%
Revenue beat(2)0
Avg Revenue beat(2)-1.96%
Min Revenue beat(2)-3.28%
Max Revenue beat(2)-0.65%
Revenue beat(4)1
Avg Revenue beat(4)-1.41%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)0.12%
Revenue beat(8)1
Avg Revenue beat(8)-2.22%
Revenue beat(12)2
Avg Revenue beat(12)-1.87%
Revenue beat(16)4
Avg Revenue beat(16)-1.5%
PT rev (1m)4.72%
PT rev (3m)9.29%
EPS NQ rev (1m)0.21%
EPS NQ rev (3m)-0.85%
EPS NY rev (1m)0.13%
EPS NY rev (3m)-0.51%
Revenue NQ rev (1m)-1.16%
Revenue NQ rev (3m)-1.16%
Revenue NY rev (1m)-0.55%
Revenue NY rev (3m)-0.55%
Valuation
Industry RankSector Rank
PE 28.29
Fwd PE 22.13
P/S 4.46
P/FCF 18.86
P/OCF 15.2
P/B 3.49
P/tB 4.73
EV/EBITDA 19.12
EPS(TTM)2.35
EY3.53%
EPS(NY)3
Fwd EY4.52%
FCF(TTM)3.53
FCFY5.3%
OCF(TTM)4.37
OCFY6.58%
SpS14.9
BVpS19.07
TBVpS14.04
PEG (NY)1.02
PEG (5Y)1.24
Graham Number31.75
Profitability
Industry RankSector Rank
ROA 0.97%
ROE 1.58%
ROCE 6.68%
ROIC 6.01%
ROICexc 7.77%
ROICexgc 10.13%
OM 12.53%
PM (TTM) 2.02%
GM 33.09%
FCFM 23.66%
ROA(3y)9.55%
ROA(5y)11%
ROE(3y)15.84%
ROE(5y)20.05%
ROIC(3y)13.57%
ROIC(5y)16.19%
ROICexc(3y)17.59%
ROICexc(5y)21.3%
ROICexgc(3y)22.32%
ROICexgc(5y)28.91%
ROCE(3y)15.1%
ROCE(5y)18%
ROICexgc growth 3Y-40.91%
ROICexgc growth 5Y0.52%
ROICexc growth 3Y-39.74%
ROICexc growth 5Y4.24%
OM growth 3Y-27.74%
OM growth 5Y9.66%
PM growth 3Y-55.46%
PM growth 5Y-14.65%
GM growth 3Y-12.25%
GM growth 5Y0.27%
F-Score4
Asset Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 2.12
Debt/EBITDA 2.09
Cap/Depr 49.74%
Cap/Sales 5.69%
Interest Coverage 12.88
Cash Conversion 122.46%
Profit Quality 1172.4%
Current Ratio 4.52
Quick Ratio 2.98
Altman-Z 5.42
F-Score4
WACC10.27%
ROIC/WACC0.59
Cap/Depr(3y)138.73%
Cap/Depr(5y)137.28%
Cap/Sales(3y)11.53%
Cap/Sales(5y)10.86%
Profit Quality(3y)422.63%
Profit Quality(5y)295.92%
High Growth Momentum
Growth
EPS 1Y (TTM)-40.95%
EPS 3Y-23.89%
EPS 5Y22.85%
EPS Q2Q%-32.63%
EPS Next Y27.86%
EPS Next 2Y34.36%
EPS Next 3Y32.56%
EPS Next 5Y31.02%
Revenue 1Y (TTM)-15.35%
Revenue growth 3Y-10.37%
Revenue growth 5Y2.67%
Sales Q2Q%-11.17%
Revenue Next Year4.79%
Revenue Next 2Y7.44%
Revenue Next 3Y7.81%
Revenue Next 5Y13.03%
EBIT growth 1Y-60.5%
EBIT growth 3Y-35.23%
EBIT growth 5Y12.59%
EBIT Next Year78.43%
EBIT Next 3Y36.86%
EBIT Next 5Y34.14%
FCF growth 1Y17.01%
FCF growth 3Y-3.87%
FCF growth 5Y28.77%
OCF growth 1Y-7.69%
OCF growth 3Y-12.57%
OCF growth 5Y14.76%

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 6 / 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 6 / 10.


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

The Earnings per Share (EPS) of ON SEMICONDUCTOR (ON) is expected to grow by 27.86% in the next year.