ONTO INNOVATION INC (ONTO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ONTO - US6833441057 - Common Stock
160.51 USD
+3.11 (+1.98%)
160.51 USD
0 (0%)
Overall ONTO gets a fundamental rating of 7 out of 10. We evaluated ONTO against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making ONTO a very profitable company, without any liquidiy or solvency issues. ONTO is not priced too expensively while it is growing strongly. Keep and eye on this one! With these ratings, ONTO could be worth investigating further for growth and quality investing!.
1. Profitability
1.1 Basic Checks
ONTO had positive earnings in the past year.
ONTO had a positive operating cash flow in the past year.
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 75.89% of its industry peers.
The Return On Equity of ONTO (8.74%) is better than 70.54% of its industry peers.
The Return On Invested Capital of ONTO (9.62%) is better than 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 10.82%.
| 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
With a decent Profit Margin value of 17.46%, ONTO is doing good in the industry, outperforming 78.57% of the companies in the same industry.
ONTO's Profit Margin has improved in the last couple of years.
ONTO has a Operating Margin of 21.25%. This is amongst the best in the industry. ONTO outperforms 80.36% of its industry peers.
In the last couple of years the Operating Margin of ONTO has remained more or less at the same level.
With a decent Gross Margin value of 54.83%, ONTO is doing good in the industry, outperforming 73.21% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
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.
2.2 Solvency
ONTO has an Altman-Z score of 27.92. This indicates that ONTO is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 27.92, ONTO belongs to the top of the industry, outperforming 91.96% 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 | 27.92 |
ROIC/WACC0.92
WACC10.46%
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.
ONTO's Current ratio of 9.49 is amongst the best of the industry. ONTO outperforms 93.75% of its industry peers.
ONTO has a Quick Ratio of 7.89. This indicates that ONTO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 7.89, ONTO belongs to the top of the industry, outperforming 92.86% 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
Looking at the last year, ONTO shows a small growth in Revenue. The Revenue has grown by 6.38% in the last year.
ONTO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 26.41% yearly.
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
Based on estimates for the next years, ONTO will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.13% on average per year.
Based on estimates for the next years, ONTO will show a quite strong growth in Revenue. The Revenue will grow by 13.56% on average per year.
EPS Next Y-5.49%
EPS Next 2Y7.54%
EPS Next 3Y12.72%
EPS Next 5Y16.13%
Revenue Next Year1.99%
Revenue Next 2Y9.33%
Revenue Next 3Y10.32%
Revenue Next 5Y13.56%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
ONTO is valuated quite expensively with a Price/Earnings ratio of 30.93.
Compared to the rest of the industry, the Price/Earnings ratio of ONTO indicates a somewhat cheap valuation: ONTO is cheaper than 76.79% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.34, ONTO is valued at the same level.
With a Price/Forward Earnings ratio of 25.94, ONTO can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, ONTO is valued a bit cheaper than the industry average as 73.21% of the companies are valued more expensively.
ONTO is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.56, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.93 | ||
| Fwd PE | 25.94 |
4.2 Price Multiples
ONTO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ONTO is cheaper than 69.64% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ONTO indicates a rather cheap valuation: ONTO is cheaper than 82.14% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.5 | ||
| EV/EBITDA | 24.86 |
4.3 Compensation for Growth
ONTO has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as ONTO's earnings are expected to grow with 12.72% in the coming years.
PEG (NY)N/A
PEG (5Y)0.84
EPS Next 2Y7.54%
EPS Next 3Y12.72%
5. Dividend
5.1 Amount
ONTO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
160.51
+3.11 (+1.98%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners97.48%
Inst Owner Change-3.23%
Ins Owners0.68%
Ins Owner Change2.94%
Market Cap7.97B
Revenue(TTM)1.00B
Net Income(TTM)175.05M
Analysts80
Price Target158.6 (-1.19%)
Short Float %3.56%
Short Ratio1.57
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)0.14%
Min EPS beat(2)-3.56%
Max EPS beat(2)3.84%
EPS beat(4)3
Avg EPS beat(4)1.63%
Min EPS beat(4)-3.56%
Max EPS beat(4)5.24%
EPS beat(8)6
Avg EPS beat(8)2.99%
EPS beat(12)7
Avg EPS beat(12)2.53%
EPS beat(16)10
Avg EPS beat(16)3.06%
Revenue beat(2)0
Avg Revenue beat(2)-1.78%
Min Revenue beat(2)-2.12%
Max Revenue beat(2)-1.44%
Revenue beat(4)0
Avg Revenue beat(4)-1.52%
Min Revenue beat(4)-2.12%
Max Revenue beat(4)-0.67%
Revenue beat(8)3
Avg Revenue beat(8)-0.39%
Revenue beat(12)3
Avg Revenue beat(12)-1.81%
Revenue beat(16)6
Avg Revenue beat(16)-0.84%
PT rev (1m)-2.72%
PT rev (3m)9.59%
EPS NQ rev (1m)1.37%
EPS NQ rev (3m)0.11%
EPS NY rev (1m)1.57%
EPS NY rev (3m)0.64%
Revenue NQ rev (1m)2.98%
Revenue NQ rev (3m)2.45%
Revenue NY rev (1m)0.79%
Revenue NY rev (3m)0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.93 | ||
| Fwd PE | 25.94 | ||
| P/S | 7.95 | ||
| P/FCF | 30.5 | ||
| P/OCF | 27.55 | ||
| P/B | 3.98 | ||
| P/tB | 5.08 | ||
| EV/EBITDA | 24.86 |
EPS(TTM)5.19
EY3.23%
EPS(NY)6.19
Fwd EY3.85%
FCF(TTM)5.26
FCFY3.28%
OCF(TTM)5.83
OCFY3.63%
SpS20.19
BVpS40.32
TBVpS31.62
PEG (NY)N/A
PEG (5Y)0.84
Graham Number68.62
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 | 27.92 |
F-Score7
WACC10.46%
ROIC/WACC0.92
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-5.49%
EPS Next 2Y7.54%
EPS Next 3Y12.72%
EPS Next 5Y16.13%
Revenue 1Y (TTM)6.38%
Revenue growth 3Y7.77%
Revenue growth 5Y26.41%
Sales Q2Q%-13.49%
Revenue Next Year1.99%
Revenue Next 2Y9.33%
Revenue Next 3Y10.32%
Revenue Next 5Y13.56%
EBIT growth 1Y18.22%
EBIT growth 3Y8.75%
EBIT growth 5YN/A
EBIT Next Year8.93%
EBIT Next 3Y19.24%
EBIT Next 5Y20.39%
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.