ONTO INNOVATION INC (ONTO) Fundamental Analysis & Valuation

NYSE:ONTO • US6833441057

179.72 USD
-17.17 (-8.72%)
At close: Mar 6, 2026
180 USD
+0.28 (+0.16%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This ONTO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to ONTO. ONTO was compared to 115 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 has a correct valuation and a medium growth rate. These ratings would make ONTO suitable for quality investing!


Dividend Valuation Growth Profitability Health

8

1. ONTO Profitability Analysis

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.
ONTO Yearly Net Income VS EBIT VS OCF VS FCFONTO 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 0 100M 200M 300M

1.2 Ratios

  • ONTO has a better Return On Assets (8.01%) than 77.39% of its industry peers.
  • ONTO has a Return On Equity of 8.74%. This is in the better half of the industry: ONTO outperforms 70.43% of its industry peers.
  • With a decent Return On Invested Capital value of 9.23%, ONTO is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • ONTO had an Average Return On Invested Capital over the past 3 years of 7.79%. This is below the industry average of 10.50%.
  • The 3 year average ROIC (7.79%) for ONTO is below the current ROIC(9.23%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 8.01%
ROE 8.74%
ROIC 9.23%
ROA(3y)7.22%
ROA(5y)8.54%
ROE(3y)7.99%
ROE(5y)9.58%
ROIC(3y)7.79%
ROIC(5y)9.05%
ONTO Yearly ROA, ROE, ROICONTO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 17.46%, ONTO belongs to the best of the industry, outperforming 80.87% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ONTO has grown nicely.
  • ONTO has a better Operating Margin (21.25%) than 80.00% of its industry peers.
  • ONTO's Operating Margin has improved in the last couple of years.
  • ONTO has a better Gross Margin (54.83%) than 72.17% of its industry peers.
  • In the last couple of years the Gross Margin of ONTO has grown nicely.
Industry RankSector Rank
OM 21.25%
PM (TTM) 17.46%
GM 54.83%
OM growth 3Y-5.42%
OM growth 5Y32.94%
PM growth 3Y-15.08%
PM growth 5Y19.55%
GM growth 3Y0.58%
GM growth 5Y1.75%
ONTO Yearly Profit, Operating, Gross MarginsONTO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40 50

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8

2. ONTO Health Analysis

2.1 Basic Checks

  • ONTO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for ONTO has been increased compared to 1 year ago.
  • Compared to 5 years ago, ONTO has more shares outstanding
  • 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.
ONTO Yearly Shares OutstandingONTO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
ONTO Yearly Total Debt VS Total AssetsONTO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • ONTO has an Altman-Z score of 33.79. This indicates that ONTO is financially healthy and has little risk of bankruptcy at the moment.
  • ONTO's Altman-Z score of 33.79 is amongst the best of the industry. ONTO outperforms 90.43% 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 RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 33.79
ROIC/WACC0.83
WACC11.18%
ONTO Yearly LT Debt VS Equity VS FCFONTO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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.
  • The Current ratio of ONTO (9.49) is better than 88.70% 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.
  • With an excellent Quick ratio value of 7.89, ONTO belongs to the best of the industry, outperforming 89.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 9.49
Quick Ratio 7.89
ONTO Yearly Current Assets VS Current LiabilitesONTO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

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

6

3. ONTO Growth Analysis

3.1 Past

  • ONTO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.66%.
  • Measured over the past years, ONTO shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.68% on average per year.
  • ONTO shows a small growth in Revenue. In the last year, the Revenue has grown by 1.82%.
  • The Revenue has been growing by 12.55% on average over the past years. This is quite good.
EPS 1Y (TTM)-7.66%
EPS 3Y-3.57%
EPS 5Y20.68%
EPS Q2Q%-16.56%
Revenue 1Y (TTM)1.82%
Revenue growth 3Y0%
Revenue growth 5Y12.55%
Sales Q2Q%1.11%

3.2 Future

  • ONTO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.43% yearly.
  • ONTO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.03% yearly.
EPS Next Y27.51%
EPS Next 2Y25.58%
EPS Next 3Y24.47%
EPS Next 5Y24.43%
Revenue Next Year19.51%
Revenue Next 2Y16.95%
Revenue Next 3Y17.01%
Revenue Next 5Y18.03%

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 stable.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ONTO Yearly Revenue VS EstimatesONTO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B
ONTO Yearly EPS VS EstimatesONTO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8 10

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Find the best growth stocksShow best growing peers

5

4. ONTO Valuation Analysis

4.1 Price/Earnings Ratio

  • ONTO is valuated quite expensively with a Price/Earnings ratio of 36.38.
  • Compared to the rest of the industry, the Price/Earnings ratio of ONTO indicates a somewhat cheap valuation: ONTO is cheaper than 72.17% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, ONTO is valued a bit more expensive.
  • Based on the Price/Forward Earnings ratio of 28.53, the valuation of ONTO can be described as expensive.
  • ONTO's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.57, ONTO is valued at the same level.
Industry RankSector Rank
PE 36.38
Fwd PE 28.53
ONTO Price Earnings VS Forward Price EarningsONTO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • ONTO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ONTO is cheaper than 67.83% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ONTO indicates a somewhat cheap valuation: ONTO is cheaper than 77.39% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 34.15
EV/EBITDA 31.66
ONTO Per share dataONTO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • ONTO's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of ONTO may justify a higher PE ratio.
  • ONTO's earnings are expected to grow with 24.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.32
PEG (5Y)1.76
EPS Next 2Y25.58%
EPS Next 3Y24.47%

More info and screens

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

0

5. ONTO Dividend Analysis

5.1 Amount

  • ONTO does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

ONTO Fundamentals: All Metrics, Ratios and Statistics

ONTO INNOVATION INC

NYSE:ONTO (3/6/2026, 8:04:00 PM)

After market: 180 +0.28 (+0.16%)

179.72

-17.17 (-8.72%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-19
Earnings (Next)05-06
Inst Owners98.44%
Inst Owner Change-0.86%
Ins Owners0.64%
Ins Owner Change1.26%
Market Cap8.93B
Revenue(TTM)1.01B
Net Income(TTM)175.05M
Analysts81.43
Price Target258.73 (43.96%)
Short Float %2.04%
Short Ratio1.09
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)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)50.25%
PT rev (3m)63.95%
EPS NQ rev (1m)0.71%
EPS NQ rev (3m)1.3%
EPS NY rev (1m)0.56%
EPS NY rev (3m)10.34%
Revenue NQ rev (1m)0.47%
Revenue NQ rev (3m)1.31%
Revenue NY rev (1m)1.16%
Revenue NY rev (3m)10.76%
Valuation
Industry RankSector Rank
PE 36.38
Fwd PE 28.53
P/S 8.9
P/FCF 34.15
P/OCF 30.84
P/B 4.46
P/tB 5.68
EV/EBITDA 31.66
EPS(TTM)4.94
EY2.75%
EPS(NY)6.3
Fwd EY3.5%
FCF(TTM)5.26
FCFY2.93%
OCF(TTM)5.83
OCFY3.24%
SpS20.19
BVpS40.32
TBVpS31.62
PEG (NY)1.32
PEG (5Y)1.76
Graham Number66.95
Profitability
Industry RankSector Rank
ROA 8.01%
ROE 8.74%
ROCE 10.53%
ROIC 9.23%
ROICexc 17.97%
ROICexgc 30.75%
OM 21.25%
PM (TTM) 17.46%
GM 54.83%
FCFM 26.07%
ROA(3y)7.22%
ROA(5y)8.54%
ROE(3y)7.99%
ROE(5y)9.58%
ROIC(3y)7.79%
ROIC(5y)9.05%
ROICexc(3y)22.8%
ROICexc(5y)20.29%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)8.88%
ROCE(5y)10.32%
ROICexgc growth 3Y-6.46%
ROICexgc growth 5Y35.82%
ROICexc growth 3Y-15.23%
ROICexc growth 5Y37.09%
OM growth 3Y-5.42%
OM growth 5Y32.94%
PM growth 3Y-15.08%
PM growth 5Y19.55%
GM growth 3Y0.58%
GM growth 5Y1.75%
F-Score8
Asset Turnover0.46
Health
Industry RankSector 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 33.79
F-Score8
WACC11.18%
ROIC/WACC0.83
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.66%
EPS 3Y-3.57%
EPS 5Y20.68%
EPS Q2Q%-16.56%
EPS Next Y27.51%
EPS Next 2Y25.58%
EPS Next 3Y24.47%
EPS Next 5Y24.43%
Revenue 1Y (TTM)1.82%
Revenue growth 3Y0%
Revenue growth 5Y12.55%
Sales Q2Q%1.11%
Revenue Next Year19.51%
Revenue Next 2Y16.95%
Revenue Next 3Y17.01%
Revenue Next 5Y18.03%
EBIT growth 1Y18.22%
EBIT growth 3Y-5.42%
EBIT growth 5Y49.63%
EBIT Next Year56.88%
EBIT Next 3Y29.28%
EBIT Next 5Y28.94%
FCF growth 1Y17.97%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y15.15%
OCF growth 3YN/A
OCF growth 5YN/A

ONTO INNOVATION INC / ONTO FAQ

Can you provide the ChartMill fundamental rating for ONTO INNOVATION INC?

ChartMill assigns a fundamental rating of 6 / 10 to ONTO.


Can you provide the valuation status for ONTO INNOVATION INC?

ChartMill assigns a valuation rating of 4 / 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.


How financially healthy is ONTO INNOVATION INC?

The financial health rating of ONTO INNOVATION INC (ONTO) is 8 / 10.


Can you provide the expected EPS growth for ONTO stock?

The Earnings per Share (EPS) of ONTO INNOVATION INC (ONTO) is expected to grow by 27.51% in the next year.