ONTO INNOVATION INC (ONTO) Stock Fundamental Analysis
USA - NYSE:ONTO - US6833441057 - Common Stock
123.33 USD
+7.33 (+6.32%)
123.33 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. ONTO gets an excellent profitability rating and is at the same time showing great financial health properties. 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 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.
Each year in the past 5 years ONTO has been profitable.
In the past 5 years ONTO always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of ONTO (9.34%) is better than 80.36% of its industry peers.
ONTO has a Return On Equity of 10.18%. This is in the better half of the industry: ONTO outperforms 74.11% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.69%, ONTO belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ONTO is in line with the industry average of 10.87%.
The last Return On Invested Capital (10.69%) for ONTO is above the 3 year average (9.69%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.34% | ||
| ROE | 10.18% | ||
| ROIC | 10.69% |
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 an excellent Profit Margin value of 19.29%, ONTO belongs to the best of the industry, outperforming 83.93% of the companies in the same industry.
In the last couple of years the Profit Margin of ONTO has grown nicely.
ONTO has a Operating Margin of 22.40%. This is amongst the best in the industry. ONTO outperforms 81.25% of its industry peers.
In the last couple of years the Operating Margin of ONTO has remained more or less at the same level.
ONTO has a Gross Margin of 54.92%. This is in the better half of the industry: ONTO outperforms 75.00% of its industry peers.
In the last couple of years the Gross Margin of ONTO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.4% | ||
| PM (TTM) | 19.29% | ||
| GM | 54.92% |
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.
ONTO has more shares outstanding than it did 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
ONTO has an Altman-Z score of 21.32. This indicates that ONTO is financially healthy and has little risk of bankruptcy at the moment.
ONTO has a better Altman-Z score (21.32) than 91.07% of its industry peers.
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 | 21.32 |
ROIC/WACC0.94
WACC11.35%
2.3 Liquidity
A Current Ratio of 9.59 indicates that ONTO has no problem at all paying its short term obligations.
ONTO has a Current ratio of 9.59. This is amongst the best in the industry. ONTO outperforms 94.64% of its industry peers.
ONTO has a Quick Ratio of 7.86. This indicates that ONTO is financially healthy and has no problem in meeting its short term obligations.
ONTO has a Quick ratio of 7.86. This is amongst the best in the industry. ONTO outperforms 91.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 9.59 | ||
| Quick Ratio | 7.86 |
3. Growth
3.1 Past
ONTO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.12%, which is quite impressive.
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 grown by 15.51% in the past year. This is quite good.
Measured over the past years, ONTO shows a very strong growth in Revenue. The Revenue has been growing by 26.41% on average per year.
EPS 1Y (TTM)24.12%
EPS 3Y11.5%
EPS 5Y36.96%
EPS Q2Q%-5.3%
Revenue 1Y (TTM)15.51%
Revenue growth 3Y7.77%
Revenue growth 5Y26.41%
Sales Q2Q%4.65%
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 15.71% 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 13.58% on average per year.
EPS Next Y-6.09%
EPS Next 2Y5.58%
EPS Next 3Y10.33%
EPS Next 5Y15.71%
Revenue Next Year1.39%
Revenue Next 2Y5.15%
Revenue Next 3Y7.95%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.98, which indicates a rather expensive current valuation of ONTO.
ONTO's Price/Earnings ratio is rather cheap when compared to the industry. ONTO is cheaper than 81.25% of the companies in the same industry.
ONTO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.41.
Based on the Price/Forward Earnings ratio of 20.68, the valuation of ONTO can be described as rather expensive.
75.00% of the companies in the same industry are more expensive than ONTO, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.88. ONTO is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.98 | ||
| Fwd PE | 20.68 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ONTO is valued a bit cheaper than the industry average as 79.46% of the companies are valued more expensively.
83.04% 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 | 25.34 | ||
| EV/EBITDA | 14.26 |
4.3 Compensation for Growth
The excellent profitability rating of ONTO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.59
EPS Next 2Y5.58%
EPS Next 3Y10.33%
5. Dividend
5.1 Amount
No dividends for ONTO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
123.33
+7.33 (+6.32%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners97.42%
Inst Owner Change3.39%
Ins Owners0.62%
Ins Owner Change6.77%
Market Cap6.04B
Analysts77.33
Price Target144.72 (17.34%)
Short Float %4.23%
Short Ratio1.71
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)-1.28%
Min EPS beat(2)-3.56%
Max EPS beat(2)1%
EPS beat(4)2
Avg EPS beat(4)0.54%
Min EPS beat(4)-3.56%
Max EPS beat(4)5.24%
EPS beat(8)5
Avg EPS beat(8)2.42%
EPS beat(12)7
Avg EPS beat(12)2.31%
EPS beat(16)10
Avg EPS beat(16)3.1%
Revenue beat(2)0
Avg Revenue beat(2)-1.64%
Min Revenue beat(2)-1.85%
Max Revenue beat(2)-1.44%
Revenue beat(4)0
Avg Revenue beat(4)-1.34%
Min Revenue beat(4)-1.85%
Max Revenue beat(4)-0.67%
Revenue beat(8)3
Avg Revenue beat(8)-0.83%
Revenue beat(12)3
Avg Revenue beat(12)-1.66%
Revenue beat(16)7
Avg Revenue beat(16)-0.66%
PT rev (1m)-5.15%
PT rev (3m)-17.14%
EPS NQ rev (1m)-4.12%
EPS NQ rev (3m)-18.24%
EPS NY rev (1m)-4.3%
EPS NY rev (3m)-10.36%
Revenue NQ rev (1m)-0.62%
Revenue NQ rev (3m)-2.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.98 | ||
| Fwd PE | 20.68 | ||
| P/S | 5.83 | ||
| P/FCF | 25.34 | ||
| P/OCF | 22.12 | ||
| P/B | 3.08 | ||
| P/tB | 3.97 | ||
| EV/EBITDA | 14.26 |
EPS(TTM)5.61
EY4.55%
EPS(NY)5.96
Fwd EY4.84%
FCF(TTM)4.87
FCFY3.95%
OCF(TTM)5.57
OCFY4.52%
SpS21.15
BVpS40.07
TBVpS31.07
PEG (NY)N/A
PEG (5Y)0.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.34% | ||
| ROE | 10.18% | ||
| ROCE | 11.7% | ||
| ROIC | 10.69% | ||
| ROICexc | 19.48% | ||
| ROICexgc | 32.7% | ||
| OM | 22.4% | ||
| PM (TTM) | 19.29% | ||
| GM | 54.92% | ||
| FCFM | 23.01% |
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%
ROICexcg growth 3YN/A
ROICexcg 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-Score9
Asset Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 61.61% | ||
| Cap/Sales | 3.35% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.72% | ||
| Profit Quality | 119.32% | ||
| Current Ratio | 9.59 | ||
| Quick Ratio | 7.86 | ||
| Altman-Z | 21.32 |
F-Score9
WACC11.35%
ROIC/WACC0.94
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)24.12%
EPS 3Y11.5%
EPS 5Y36.96%
EPS Q2Q%-5.3%
EPS Next Y-6.09%
EPS Next 2Y5.58%
EPS Next 3Y10.33%
EPS Next 5Y15.71%
Revenue 1Y (TTM)15.51%
Revenue growth 3Y7.77%
Revenue growth 5Y26.41%
Sales Q2Q%4.65%
Revenue Next Year1.39%
Revenue Next 2Y5.15%
Revenue Next 3Y7.95%
Revenue Next 5Y13.58%
EBIT growth 1Y45.04%
EBIT growth 3Y8.75%
EBIT growth 5YN/A
EBIT Next Year11.13%
EBIT Next 3Y15.35%
EBIT Next 5Y20.15%
FCF growth 1Y71.45%
FCF growth 3Y9.39%
FCF growth 5Y80.04%
OCF growth 1Y67.49%
OCF growth 3Y11.91%
OCF growth 5Y68.48%