ONTO INNOVATION INC (ONTO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ONTO - US6833441057 - Common Stock
191.03 USD
+1.38 (+0.73%)
191.03 USD
0 (0%)
Overall ONTO gets a fundamental rating of 7 out of 10. We evaluated ONTO against 113 industry peers in the Semiconductors & Semiconductor Equipment industry. ONTO has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ONTO is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make ONTO suitable for growth and quality 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.
Each year in the past 5 years ONTO has been profitable.
Each year in the past 5 years ONTO had a positive operating cash flow.
1.2 Ratios
ONTO's Return On Assets of 8.01% is fine compared to the rest of the industry. ONTO outperforms 76.11% of its industry peers.
Looking at the Return On Equity, with a value of 8.74%, ONTO is in the better half of the industry, outperforming 70.80% of the companies in the same industry.
ONTO's Return On Invested Capital of 9.62% is fine compared to the rest of the industry. ONTO outperforms 78.76% 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 10.75%.
| 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's Profit Margin of 17.46% is fine compared to the rest of the industry. ONTO outperforms 78.76% 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 80.53% of the companies in the same industry.
ONTO's Operating Margin has been stable in the last couple of years.
ONTO has a Gross Margin of 54.83%. This is in the better half of the industry: ONTO outperforms 73.45% 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
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.
Compared to 5 years ago, ONTO has less shares outstanding
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 32.62. This indicates that ONTO is financially healthy and has little risk of bankruptcy at the moment.
ONTO's Altman-Z score of 32.62 is amongst the best of the industry. ONTO outperforms 92.92% 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 | 32.62 |
ROIC/WACC0.89
WACC10.76%
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 has a better Current ratio (9.49) than 93.81% of its industry peers.
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 92.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 9.49 | ||
| Quick Ratio | 7.89 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.92% over the past year.
ONTO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.96% yearly.
Looking at the last year, ONTO shows a small growth in Revenue. The Revenue has grown by 6.38% in the last 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
ONTO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.13% yearly.
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 2Y7.64%
EPS Next 3Y12.75%
EPS Next 5Y16.13%
Revenue Next Year1.99%
Revenue Next 2Y9.37%
Revenue Next 3Y11.56%
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
With a Price/Earnings ratio of 36.81, ONTO can be considered very expensive at the moment.
Based on the Price/Earnings ratio, ONTO is valued a bit cheaper than the industry average as 72.57% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of ONTO to the average of the S&P500 Index (27.25), we can say ONTO is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 30.82, the valuation of ONTO can be described as expensive.
Based on the Price/Forward Earnings ratio, ONTO is valued a bit cheaper than the industry average as 68.14% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ONTO to the average of the S&P500 Index (23.98), we can say ONTO is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.81 | ||
| Fwd PE | 30.82 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ONTO is valued a bit cheaper than the industry average as 67.26% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ONTO is valued a bit cheaper than 79.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.3 | ||
| EV/EBITDA | 30.3 |
4.3 Compensation for Growth
The decent profitability rating of ONTO may justify a higher PE ratio.
ONTO's earnings are expected to grow with 12.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)1
EPS Next 2Y7.64%
EPS Next 3Y12.75%
5. Dividend
5.1 Amount
ONTO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
191.03
+1.38 (+0.73%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners98.42%
Inst Owner Change-0.56%
Ins Owners0.62%
Ins Owner Change0.53%
Market Cap9.48B
Revenue(TTM)1.00B
Net Income(TTM)175.05M
Analysts80
Price Target166.54 (-12.82%)
Short Float %3.45%
Short Ratio2.05
Dividend
| Industry Rank | Sector 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)5%
PT rev (3m)9.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.25%
EPS NY rev (1m)0%
EPS NY rev (3m)1.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.81 | ||
| Fwd PE | 30.82 | ||
| P/S | 9.46 | ||
| P/FCF | 36.3 | ||
| P/OCF | 32.78 | ||
| P/B | 4.74 | ||
| P/tB | 6.04 | ||
| EV/EBITDA | 30.3 |
EPS(TTM)5.19
EY2.72%
EPS(NY)6.2
Fwd EY3.25%
FCF(TTM)5.26
FCFY2.76%
OCF(TTM)5.83
OCFY3.05%
SpS20.19
BVpS40.32
TBVpS31.62
PEG (NY)N/A
PEG (5Y)1
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 | 32.62 |
F-Score7
WACC10.76%
ROIC/WACC0.89
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 2Y7.64%
EPS Next 3Y12.75%
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 2Y9.37%
Revenue Next 3Y11.56%
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.
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 9 / 10.
Can you provide the expected EPS growth for ONTO stock?
The Earnings per Share (EPS) of ONTO INNOVATION INC (ONTO) is expected to decline by -5.49% in the next year.