ONTO INNOVATION INC (ONTO) Stock Fundamental Analysis
USA - NYSE:ONTO - US6833441057 - Common Stock
124.09 USD
-3.21 (-2.52%)
123.61 USD
-0.48 (-0.39%)
Overall ONTO gets a fundamental rating of 7 out of 10. We evaluated ONTO against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. ONTO gets an excellent profitability rating and is at the same time showing great financial health properties. ONTO is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! This makes ONTO very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
ONTO had positive earnings in the past year.
In the past year ONTO had a positive cash flow from operations.
ONTO had positive earnings in each of the past 5 years.
Each year in the past 5 years ONTO had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ONTO (8.01%) is better than 76.79% of its industry peers.
ONTO has a Return On Equity of 8.74%. This is in the better half of the industry: ONTO outperforms 70.54% of its industry peers.
ONTO's Return On Invested Capital of 9.62% is fine compared to the rest of the industry. ONTO outperforms 78.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ONTO is in line with the industry average of 10.86%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.01% | ||
| ROE | 8.74% | ||
| ROIC | 9.62% |
ROA(3y)9.44%
ROA(5y)7.81%
ROE(3y)10.48%
ROE(5y)8.77%
ROIC(3y)9.69%
ROIC(5y)8.09%
1.3 Margins
ONTO has a Profit Margin of 17.46%. This is amongst the best in the industry. ONTO outperforms 80.36% of its industry peers.
In the last couple of years the Profit Margin of ONTO has grown nicely.
Looking at the Operating Margin, with a value of 21.25%, ONTO belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
ONTO's Operating Margin has been stable in the last couple of years.
ONTO's Gross Margin of 54.83% is fine compared to the rest of the industry. ONTO outperforms 74.11% of its industry peers.
In the last couple of years the Gross Margin of ONTO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.25% | ||
| PM (TTM) | 17.46% | ||
| GM | 54.83% |
OM growth 3Y0.92%
OM growth 5YN/A
PM growth 3Y4.23%
PM growth 5Y101.1%
GM growth 3Y-0.48%
GM growth 5Y3.97%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ONTO is destroying value.
The number of shares outstanding for ONTO has been increased compared to 1 year ago.
The number of shares outstanding for ONTO has been reduced 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 21.78 indicates that ONTO is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 21.78, ONTO belongs to the best of the industry, outperforming 91.96% of the companies in the same industry.
ONTO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 21.78 |
ROIC/WACC0.9
WACC10.68%
2.3 Liquidity
ONTO has a Current Ratio of 9.49. This indicates that ONTO is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 9.49, ONTO belongs to the best of the industry, outperforming 94.64% of the companies in the same industry.
A Quick Ratio of 7.89 indicates that ONTO has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 7.89, ONTO belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 9.49 | ||
| Quick Ratio | 7.89 |
3. Growth
3.1 Past
ONTO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.92%.
The Earnings Per Share has been growing by 36.96% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 6.38% in the past year.
The Revenue has been growing by 26.41% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)5.92%
EPS 3Y11.5%
EPS 5Y36.96%
EPS Q2Q%-31.34%
Revenue 1Y (TTM)6.38%
Revenue growth 3Y7.77%
Revenue growth 5Y26.41%
Sales Q2Q%-13.49%
3.2 Future
The Earnings Per Share is expected to grow by 15.71% on average over the next years. This is quite good.
The Revenue is expected to grow by 13.58% on average over the next years. This is quite good.
EPS Next Y-6.95%
EPS Next 2Y3.3%
EPS Next 3Y9.83%
EPS Next 5Y15.71%
Revenue Next Year1.2%
Revenue Next 2Y4.96%
Revenue Next 3Y8.04%
Revenue Next 5Y13.58%
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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.91, ONTO is valued on the expensive side.
Based on the Price/Earnings ratio, ONTO is valued cheaply inside the industry as 80.36% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.51, ONTO is valued at the same level.
The Price/Forward Earnings ratio is 21.74, which indicates a rather expensive current valuation of ONTO.
Based on the Price/Forward Earnings ratio, ONTO is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 34.98. ONTO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.91 | ||
| Fwd PE | 21.74 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ONTO indicates a somewhat cheap valuation: ONTO is cheaper than 72.32% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ONTO is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.27 | ||
| EV/EBITDA | 17.75 |
4.3 Compensation for Growth
The decent profitability rating of ONTO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.65
EPS Next 2Y3.3%
EPS Next 3Y9.83%
5. Dividend
5.1 Amount
No dividends for ONTO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
124.09
-3.21 (-2.52%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners102.21%
Inst Owner Change-3.28%
Ins Owners0.69%
Ins Owner Change13.23%
Market Cap6.08B
Revenue(TTM)1.00B
Net Income(TTM)175.05M
Analysts80
Price Target163.04 (31.39%)
Short Float %3.28%
Short Ratio1.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)-1.35%
Min EPS beat(2)-3.56%
Max EPS beat(2)0.86%
EPS beat(4)3
Avg EPS beat(4)0.88%
Min EPS beat(4)-3.56%
Max EPS beat(4)5.24%
EPS beat(8)6
Avg EPS beat(8)2.61%
EPS beat(12)7
Avg EPS beat(12)2.28%
EPS beat(16)10
Avg EPS beat(16)2.88%
Revenue beat(2)0
Avg Revenue beat(2)-1.8%
Min Revenue beat(2)-2.16%
Max Revenue beat(2)-1.44%
Revenue beat(4)0
Avg Revenue beat(4)-1.53%
Min Revenue beat(4)-2.16%
Max Revenue beat(4)-0.67%
Revenue beat(8)3
Avg Revenue beat(8)-0.4%
Revenue beat(12)3
Avg Revenue beat(12)-1.81%
Revenue beat(16)6
Avg Revenue beat(16)-0.84%
PT rev (1m)7.36%
PT rev (3m)6.86%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)-3.09%
EPS NY rev (1m)-0.4%
EPS NY rev (3m)-5.18%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)-0.52%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.91 | ||
| Fwd PE | 21.74 | ||
| P/S | 6.07 | ||
| P/FCF | 23.27 | ||
| P/OCF | 21.02 | ||
| P/B | 3.04 | ||
| P/tB | 3.87 | ||
| EV/EBITDA | 17.75 |
EPS(TTM)5.19
EY4.18%
EPS(NY)5.71
Fwd EY4.6%
FCF(TTM)5.33
FCFY4.3%
OCF(TTM)5.9
OCFY4.76%
SpS20.46
BVpS40.86
TBVpS32.04
PEG (NY)N/A
PEG (5Y)0.65
Graham Number69.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.01% | ||
| ROE | 8.74% | ||
| ROCE | 10.53% | ||
| ROIC | 9.62% | ||
| ROICexc | 18.73% | ||
| ROICexgc | 32.05% | ||
| OM | 21.25% | ||
| PM (TTM) | 17.46% | ||
| GM | 54.83% | ||
| FCFM | 26.07% |
ROA(3y)9.44%
ROA(5y)7.81%
ROE(3y)10.48%
ROE(5y)8.77%
ROIC(3y)9.69%
ROIC(5y)8.09%
ROICexc(3y)26.36%
ROICexc(5y)19.22%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10.6%
ROCE(5y)8.85%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y40.61%
ROICexc growth 5YN/A
OM growth 3Y0.92%
OM growth 5YN/A
PM growth 3Y4.23%
PM growth 5Y101.1%
GM growth 3Y-0.48%
GM growth 5Y3.97%
F-Score7
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 53.19% | ||
| Cap/Sales | 2.79% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 108.89% | ||
| Profit Quality | 149.28% | ||
| Current Ratio | 9.49 | ||
| Quick Ratio | 7.89 | ||
| Altman-Z | 21.78 |
F-Score7
WACC10.68%
ROIC/WACC0.9
Cap/Depr(3y)37.74%
Cap/Depr(5y)27.42%
Cap/Sales(3y)2.61%
Cap/Sales(5y)2.01%
Profit Quality(3y)94.1%
Profit Quality(5y)145.35%
High Growth Momentum
Growth
EPS 1Y (TTM)5.92%
EPS 3Y11.5%
EPS 5Y36.96%
EPS Q2Q%-31.34%
EPS Next Y-6.95%
EPS Next 2Y3.3%
EPS Next 3Y9.83%
EPS Next 5Y15.71%
Revenue 1Y (TTM)6.38%
Revenue growth 3Y7.77%
Revenue growth 5Y26.41%
Sales Q2Q%-13.49%
Revenue Next Year1.2%
Revenue Next 2Y4.96%
Revenue Next 3Y8.04%
Revenue Next 5Y13.58%
EBIT growth 1Y18.22%
EBIT growth 3Y8.75%
EBIT growth 5YN/A
EBIT Next Year10.59%
EBIT Next 3Y19.11%
EBIT Next 5Y20.15%
FCF growth 1Y99.17%
FCF growth 3Y9.39%
FCF growth 5Y80.04%
OCF growth 1Y80.94%
OCF growth 3Y11.91%
OCF growth 5Y68.48%
ONTO INNOVATION INC / ONTO FAQ
Can you provide the ChartMill fundamental rating for ONTO INNOVATION INC?
ChartMill assigns a fundamental rating of 7 / 10 to ONTO.
What is the valuation status of ONTO INNOVATION INC (ONTO) stock?
ChartMill assigns a valuation rating of 5 / 10 to ONTO INNOVATION INC (ONTO). This can be considered as Fairly Valued.
What is the profitability of ONTO stock?
ONTO INNOVATION INC (ONTO) has a profitability rating of 7 / 10.
What is the financial health of ONTO INNOVATION INC (ONTO) stock?
The financial health rating of ONTO INNOVATION INC (ONTO) is 9 / 10.