ON Stock Analysis: ON Semiconductor | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 19.197m USD | 12M Return: 70.6% | US6821891057 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 830M
EPS Trend: -96.5%
Qual. Beats: 2
Rev. Trend: -96.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ON Semiconductor Corporation (NASDAQ: ON) is a U.S.-headquartered semiconductor company that designs and delivers intelligent sensing and power solutions to customers across Hong Kong, Singapore, the United Kingdom, the United States, and other international markets. Founded in 1992 and based in Scottsdale, Arizona, the company has been publicly traded since April 2000 and operates as an integrated device manufacturer (IDM), meaning it both designs and fabricates its own chips rather than outsourcing production to third-party foundries.
The business is organized into three reporting segments: the Power Solutions Group, which supplies discrete, module, and integrated devices for power conversion, signal conditioning, and circuit protection; the Analog and Mixed-Signal Group, which provides power management, sensor interface, connectivity, and standard products targeting automotive, industrial automation, AI data centers, computing, and mobile end markets; and the Intelligent Sensing Group, which develops CMOS image sensors, image signal processors, short-wave infrared sensors, and silicon photomultiplier devices used in depth sensing, factory automation, safety systems, and robotics applications.
ON Semiconductors product portfolio aligns with several structural growth themes within the broader Information Technology sector, including automotive electrification, industrial automation, AI infrastructure, and robotics, all of which are driving sustained demand for power management and image-sensing semiconductors.
- Silicon carbide power solutions drive AI data center revenue growth
- Automotive inventory correction pressures near-term gross margins
- China revenue exposure and export controls cap upside
| Net Income: 630.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 3.75 > 1.0 |
| NWC/Revenue: 83.58% < 20% (prev 79.49%; Δ 4.08% < -1%) |
| CFO/TA 0.12 > 3% & CFO 1.67b > Net Income 630.2m |
| Net Debt (641.8m) to EBITDA (1.41b): 0.46 < 3 |
| Current Ratio: 3.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (404.4m) vs 12m ago -2.53% < -2% |
| Gross Margin: 37.45% > 18% (prev 37.89%; Δ -0.44% > 0.5%) |
| Asset Turnover: 46.58% > 50% (prev 48.75%; Δ -2.17% > 0%) |
| Interest Coverage Ratio: 11.77 > 6 (EBIT TTM 722.6m / Interest Expense TTM 61.4m) |
| A: 0.38 (Total Current Assets 7.28b - Total Current Liabilities 2.10b) / Total Assets 13.5b |
| B: 0.61 (Retained Earnings 8.24b / Total Assets 13.5b) |
| C: 0.05 (EBIT TTM 722.6m / Avg Total Assets 13.3b) |
| D: 1.16 (Book Value of Equity 7.22b / Total Liabilities 6.25b) |
| Altman-Z'' = 6.09 = AAA |
| DSRI: 1.00 (Receivables 897.2m/927.0m, Revenue 6.20b/6.40b) |
| GMI: 1.01 (GM 37.89% / 37.45%) |
| AQI: 1.06 (AQ_t 0.24 / AQ_t-1 0.23) |
| SGI: 0.97 (Revenue 6.20b / 6.40b) |
| TATA: -0.08 (NI 630.2m - CFO 1.67b) / TA 13.5b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of August 09, 2026, the stock is trading at USD 81.17 with a total of 8,666,372 shares traded. Over the past week, the price has changed by -0.54%, over one month by -10.90%, over three months by -19.32% and over the past year by +70.56%.
Current recommended Stop Loss: 69.10 (which is 14.9% or 2.1 ATR below the current price).
ON Semiconductor has received a consensus analysts rating of 3.97. Therefore, it is recommended to buy ON.
- StrongBuy: 14
- Buy: 3
- Hold: 13
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 111.5 | 37.4% |
P/E Trailing = 58.9635
P/E Forward = 26.3158
P/S = 3.0974
P/B = 4.3499
P/EG = 0.27
Revenue TTM = 6.20b USD
EBIT TTM = 722.6m USD
EBITDA TTM = 1.41b USD
Long Term Debt = 2.98b USD (from longTermDebt, last fiscal year)
Short Term Debt = 802.6m USD (from shortTermDebt, last quarter)
Debt = 4.51b USD (from shortLongTermDebtTotal, last quarter) + Leases 23.6m
Net Debt = 641.8m USD (calculated: Debt 4.51b - CCE 3.86b)
Enterprise Value = 19.8b USD (19.2b + Debt 4.51b - CCE 3.86b)
Interest Coverage Ratio = 11.77 (Ebit TTM 722.6m / Interest Expense TTM 61.4m)
EV/FCF = 10.85x (Enterprise Value 19.8b / FCF TTM 1.83b)
FCF Yield = 9.22% (FCF TTM 1.83b / Enterprise Value 19.8b)
FCF Margin = 29.51% (FCF TTM 1.83b / Revenue TTM 6.20b)
Net Margin = 10.17% (Net Income TTM 630.2m / Revenue TTM 6.20b)
Gross Margin = 37.45% ((Revenue TTM 6.20b - Cost of Revenue TTM 3.88b) / Revenue TTM)
Gross Margin QoQ = 38.43% (prev 38.53%)
Tobins Q-Ratio = 1.47 (Enterprise Value 19.8b / Total Assets 13.5b)
Interest Expense / Debt = 1.36% (Interest Expense 61.4m / Debt 4.51b)
Taxrate = 5.86% (7.70m / 131.3m)
NOPAT = 680.2m (EBIT 722.6m * (1 - 5.86%))
Current Ratio = 3.46 (Total Current Assets 7.28b / Total Current Liabilities 2.10b)
Debt / Equity = 0.62 (Debt 4.51b / totalStockholderEquity, last quarter 7.22b)
Debt / EBITDA = 0.46 (Net Debt 641.8m / EBITDA 1.41b)
Debt / FCF = 0.35 (Net Debt 641.8m / FCF TTM 1.83b)
Total Stockholder Equity = 7.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.74% (Net Income 630.2m / Total Assets 13.5b)
RoE = 8.38% (Net Income TTM 630.2m / Total Stockholder Equity 7.52b)
RoCE = 6.88% (EBIT 722.6m / Capital Employed (Equity 7.52b + L.T.Debt 2.98b))
RoIC = 5.73% (NOPAT 680.2m / Invested Capital 11.9b)
WACC = 11.30% (E(19.2b)/V(23.7b) * Re(13.65%) + D(4.51b)/V(23.7b) * Rd(1.36%) * (1-Tc(0.06)))
Discount Rate = 13.65% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -95.70 | Cagr: -3.34%
[DCF] Terminal Value 69.05% ; FCFF base≈1.61b ; Y1≈1.85b ; Y5≈2.72b
[DCF] Fair Price = 110.4 (EV 26.9b - Net Debt 641.8m = Equity 26.2b / Shares 237.6m; r=11.30% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -96.54 | EPS CAGR: -28.10% | SUE: 0.87 | # QB: 2
Revenue Correlation: -96.75 | Revenue CAGR: -12.85% | SUE: 0.56 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.86 | Chg30d=+2.69% | Revisions=+25% | Analysts=25
EPS current Year (2026-12-31): EPS=3.16 | Chg30d=+2.02% | Revisions=+62% | GrowthEPS=+34.6% | GrowthRev=+8.7%
EPS next Year (2027-12-31): EPS=4.46 | Chg30d=+3.29% | Revisions=+40% | GrowthEPS=+40.9% | GrowthRev=+12.2%
[Analyst] Revisions Ratio: +73% (up=8, down=0)