ONTO INNOVATION INC (ONTO)
US6833441057 - Common Stock
Overall ONTO gets a fundamental rating of 6 out of 10. We evaluated ONTO against 108 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 growing strongly while it is still valued neutral. This is a good combination! With these ratings, ONTO could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
In the past year ONTO was profitable.
In the past year ONTO had a positive cash flow from operations.
In the past 5 years ONTO has always been profitable.
In the past 5 years ONTO always reported a positive cash flow from operatings.
1.2 Ratios
ONTO has a better Return On Assets (8.83%) than 75.00% of its industry peers.
ONTO has a better Return On Equity (9.62%) than 66.67% of its industry peers.
ONTO's Return On Invested Capital of 7.38% is fine compared to the rest of the industry. ONTO outperforms 74.07% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ONTO is below the industry average of 11.13%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.83% | ||
| ROE | 9.62% | ||
| ROIC | 7.38% |
ROA(3y)9.14%
ROA(5y)5.93%
ROE(3y)10.31%
ROE(5y)6.71%
ROIC(3y)8.41%
ROIC(5y)N/A
1.3 Margins
ONTO has a Profit Margin of 19.44%. This is in the better half of the industry: ONTO outperforms 78.70% of its industry peers.
In the last couple of years the Profit Margin of ONTO has declined.
ONTO has a Operating Margin of 19.12%. This is in the better half of the industry: ONTO outperforms 75.93% of its industry peers.
In the last couple of years the Operating Margin of ONTO has declined.
With a decent Gross Margin value of 52.87%, ONTO is doing good in the industry, outperforming 70.37% of the companies in the same industry.
In the last couple of years the Gross Margin of ONTO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.12% | ||
| PM (TTM) | 19.44% | ||
| GM | 52.87% |
OM growth 3Y46.51%
OM growth 5Y-5.94%
PM growth 3Y38.66%
PM growth 5Y-3.5%
GM growth 3Y1.53%
GM growth 5Y-1.59%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ONTO is destroying value.
Compared to 1 year ago, ONTO has more shares outstanding
The number of shares outstanding for ONTO has been increased compared to 5 years ago.
ONTO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 32.06 indicates that ONTO is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 32.06, ONTO belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
There is no outstanding debt for ONTO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 32.06 |
ROIC/WACC0.5
WACC14.81%
2.3 Liquidity
A Current Ratio of 10.07 indicates that ONTO has no problem at all paying its short term obligations.
ONTO has a better Current ratio (10.07) than 96.30% of its industry peers.
A Quick Ratio of 7.94 indicates that ONTO has no problem at all paying its short term obligations.
ONTO has a better Quick ratio (7.94) than 95.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 10.07 | ||
| Quick Ratio | 7.94 |
3. Growth
3.1 Past
ONTO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.57%, which is quite good.
Measured over the past years, ONTO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.40% on average per year.
Looking at the last year, ONTO shows a quite strong growth in Revenue. The Revenue has grown by 10.80% in the last year.
The Revenue has been growing by 20.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)15.57%
EPS 3Y24.56%
EPS 5Y9.4%
EPS Q2Q%39.58%
Revenue 1Y (TTM)10.8%
Revenue growth 3Y13.6%
Revenue growth 5Y20.25%
Sales Q2Q%21.73%
3.2 Future
Based on estimates for the next years, ONTO will show a very strong growth in Earnings Per Share. The EPS will grow by 25.86% on average per year.
ONTO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.86% yearly.
EPS Next Y43.21%
EPS Next 2Y35.3%
EPS Next 3Y32.64%
EPS Next 5Y25.86%
Revenue Next Year22.11%
Revenue Next 2Y19.39%
Revenue Next 3Y18.87%
Revenue Next 5Y17.86%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 35.30, ONTO can be considered very expensive at the moment.
ONTO's Price/Earnings ratio is a bit cheaper when compared to the industry. ONTO is cheaper than 63.89% of the companies in the same industry.
ONTO's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.54.
Based on the Price/Forward Earnings ratio of 25.34, the valuation of ONTO can be described as expensive.
ONTO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ONTO is cheaper than 69.44% of the companies in the same industry.
ONTO is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.3 | ||
| Fwd PE | 25.34 |
4.2 Price Multiples
ONTO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ONTO is cheaper than 63.89% of the companies in the same industry.
72.22% of the companies in the same industry are more expensive than ONTO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.57 | ||
| EV/EBITDA | 28.36 |
4.3 Compensation for Growth
ONTO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ONTO's earnings are expected to grow with 32.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.82
PEG (5Y)3.75
EPS Next 2Y35.3%
EPS Next 3Y32.64%
5. Dividend
5.1 Amount
ONTO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ONTO INNOVATION INC
NYSE:ONTO (12/26/2024, 2:26:20 PM)
172.99
+0.29 (+0.17%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners98.22%
Inst Owner Change3.25%
Ins Owners0.69%
Ins Owner Change-0.41%
Market Cap8.54B
Analysts85.33
Price Target260.23 (50.43%)
Short Float %1.97%
Short Ratio1.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)3.76%
Min EPS beat(2)-0.51%
Max EPS beat(2)8.02%
EPS beat(4)3
Avg EPS beat(4)4.34%
Min EPS beat(4)-0.51%
Max EPS beat(4)8.02%
EPS beat(8)4
Avg EPS beat(8)2.98%
EPS beat(12)7
Avg EPS beat(12)3.54%
EPS beat(16)11
Avg EPS beat(16)5.14%
Revenue beat(2)1
Avg Revenue beat(2)-0.26%
Min Revenue beat(2)-1.42%
Max Revenue beat(2)0.89%
Revenue beat(4)3
Avg Revenue beat(4)0.73%
Min Revenue beat(4)-1.42%
Max Revenue beat(4)2.63%
Revenue beat(8)3
Avg Revenue beat(8)-1.96%
Revenue beat(12)6
Avg Revenue beat(12)-0.61%
Revenue beat(16)10
Avg Revenue beat(16)0.21%
PT rev (1m)-2.34%
PT rev (3m)-2.33%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)8.74%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)0.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.3 | ||
| Fwd PE | 25.34 | ||
| P/S | 9.07 | ||
| P/FCF | 38.57 | ||
| P/OCF | 34.01 | ||
| P/B | 4.49 | ||
| P/tB | 5.85 | ||
| EV/EBITDA | 28.36 |
EPS(TTM)4.9
EY2.83%
EPS(NY)6.83
Fwd EY3.95%
FCF(TTM)4.48
FCFY2.59%
OCF(TTM)5.09
OCFY2.94%
SpS19.08
BVpS38.54
TBVpS29.55
PEG (NY)0.82
PEG (5Y)3.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.83% | ||
| ROE | 9.62% | ||
| ROCE | 9.34% | ||
| ROIC | 7.38% | ||
| ROICexc | 13.26% | ||
| ROICexgc | 22.62% | ||
| OM | 19.12% | ||
| PM (TTM) | 19.44% | ||
| GM | 52.87% | ||
| FCFM | 23.51% |
ROA(3y)9.14%
ROA(5y)5.93%
ROE(3y)10.31%
ROE(5y)6.71%
ROIC(3y)8.41%
ROIC(5y)N/A
ROICexc(3y)15.33%
ROICexc(5y)N/A
ROICexgc(3y)49.68%
ROICexgc(5y)N/A
ROCE(3y)10.64%
ROCE(5y)N/A
ROICexcg growth 3Y139.9%
ROICexcg growth 5Y11.84%
ROICexc growth 3Y95.65%
ROICexc growth 5Y-12.73%
OM growth 3Y46.51%
OM growth 5Y-5.94%
PM growth 3Y38.66%
PM growth 5Y-3.5%
GM growth 3Y1.53%
GM growth 5Y-1.59%
F-Score6
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 44.49% | ||
| Cap/Sales | 3.16% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 101.69% | ||
| Profit Quality | 120.93% | ||
| Current Ratio | 10.07 | ||
| Quick Ratio | 7.94 | ||
| Altman-Z | 32.06 |
F-Score6
WACC14.81%
ROIC/WACC0.5
Cap/Depr(3y)26.75%
Cap/Depr(5y)25.47%
Cap/Sales(3y)2.04%
Cap/Sales(5y)1.8%
Profit Quality(3y)97.01%
Profit Quality(5y)243.09%
High Growth Momentum
Growth
EPS 1Y (TTM)15.57%
EPS 3Y24.56%
EPS 5Y9.4%
EPS Q2Q%39.58%
EPS Next Y43.21%
EPS Next 2Y35.3%
EPS Next 3Y32.64%
EPS Next 5Y25.86%
Revenue 1Y (TTM)10.8%
Revenue growth 3Y13.6%
Revenue growth 5Y20.25%
Sales Q2Q%21.73%
Revenue Next Year22.11%
Revenue Next 2Y19.39%
Revenue Next 3Y18.87%
Revenue Next 5Y17.86%
EBIT growth 1Y19.1%
EBIT growth 3Y66.44%
EBIT growth 5Y13.11%
EBIT Next Year46.98%
EBIT Next 3Y40.98%
EBIT Next 5Y29.72%
FCF growth 1Y76.35%
FCF growth 3Y13.49%
FCF growth 5Y9.29%
OCF growth 1Y84.47%
OCF growth 3Y17.5%
OCF growth 5Y10.73%