ON Stock Analysis: ON Semiconductor | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 30.055m USD | 12M Return: 74.2% | US6821891057 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 813M
EPS Trend: -96.5%
Qual. Beats: 2
Rev. Trend: -96.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 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 supplies intelligent sensing and power solutions to customers across Hong Kong, Singapore, the United Kingdom, the United States, and other international markets. The company operates through three reporting segments: the Power Solutions Group (focused on discrete, module, and integrated devices for power conversion, switching, and circuit protection), the Analog and Mixed-Signal Group (offering power management, sensor interface, and connectivity solutions for automotive, industrial automation, AI data centers, computing, and mobile end markets), and the Intelligent Sensing Group (producing CMOS image sensors, image signal processors, short-wave infrared sensors, and photon-counting technologies such as SPAD arrays and silicon photomultipliers for depth sensing, factory automation, safety systems, and robotics). Founded in 1992 and headquartered in Scottsdale, Arizona, ON Semiconductor is classified within the Information Technology sector and the Semiconductors sub-industry.
As a fabless-leaning analog and mixed-signal semiconductor supplier, ON Semiconductor competes in the broader power management and image sensing markets, segments that have seen growing demand from automotive electrification, industrial automation, and AI-driven data center infrastructure. Its diversified end-market exposure across automotive, industrial, computing, and mobile applications is intended to reduce reliance on any single customer or product cycle.
- Electric vehicle adoption boosts Power Solutions Group revenue
- AI data center capex fuels Analog Mixed-Signal segment growth
- Intelligent Sensing gains share in automotive ADAS cameras
| Net Income: 630.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 3.34 > 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 (641.5m) to EBITDA (1.27b): 0.51 < 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: 12.26 > 6 (EBIT TTM 752.5m / Interest Expense TTM 61.4m) |
| A: 0.38 (Total Current Assets 7.28b - Total Current Liabilities 2.10b) / Total Assets 13.5b |
| B: 0.63 (Retained Earnings 8.44b / Total Assets 13.5b) |
| C: 0.06 (EBIT TTM 752.5m / Avg Total Assets 13.3b) |
| D: 1.16 (Book Value of Equity 7.22b / Total Liabilities 6.25b) |
| Altman-Z'' = 6.15 = 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 October 04, 2026, the stock is trading at USD 84.89 with a total of 22,883,034 shares traded. Over the past week, the price has changed by +9.96%, over one month by +17.35%, over three months by -6.94% and over the past year by +74.17%.
Current recommended Stop Loss: 80.50 (which is 5.2% or 1.3 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 | 103.7 | 22.1% |
P/E Trailing = 51.1258
P/E Forward = 16.5017
P/S = 4.8494
P/B = 3.9694
P/EG = 0.1645
Revenue TTM = 6.20b USD
EBIT TTM = 752.5m USD
EBITDA TTM = 1.27b USD
Long Term Debt = 3.66b USD (from longTermDebt, last quarter)
Short Term Debt = 802.6m USD (from shortTermDebt, last quarter)
Debt = 4.51b USD (from shortLongTermDebtTotal, last quarter) + Leases 23.3m
Net Debt = 641.5m USD (calculated: Debt 4.51b - CCE 3.86b)
Enterprise Value = 30.7b USD (30.1b + Debt 4.51b - CCE 3.86b)
Interest Coverage Ratio = 12.26 (Ebit TTM 752.5m / Interest Expense TTM 61.4m)
EV/FCF = 17.32x (Enterprise Value 30.7b / FCF TTM 1.77b)
FCF Yield = 5.77% (FCF TTM 1.77b / Enterprise Value 30.7b)
FCF Margin = 28.60% (FCF TTM 1.77b / 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 = 2.28 (Enterprise Value 30.7b / Total Assets 13.5b)
Interest Expense / Debt = 1.36% (Interest Expense 61.4m / Debt 4.51b)
Taxrate = 11.82% (84.7m / 716.4m)
NOPAT = 663.5m (EBIT 752.5m * (1 - 11.82%))
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 = 0.51 (Net Debt 641.5m / EBITDA 1.27b)
Debt / FCF = 0.36 (Net Debt 641.5m / FCF TTM 1.77b)
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 = 6.73% (EBIT 752.5m / Capital Employed (Equity 7.52b + L.T.Debt 3.66b))
RoIC = 5.59% (NOPAT 663.5m / Invested Capital 11.9b)
WACC = 12.31% (E(30.1b)/V(34.6b) * Re(13.98%) + D(4.51b)/V(34.6b) * Rd(1.36%) * (1-Tc(0.12)))
Discount Rate = 13.98% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -95.70 | Cagr: -3.34%
[DCF] Terminal Value 66.26% ; FCFF base≈1.58b ; Y1≈1.81b ; Y5≈2.66b
[DCF] Fair Price = 58.68 (EV 23.5b - Net Debt 641.5m = Equity 22.8b / Shares 389.3m; r=12.31% [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=0.87 | Chg30d=+0.09% | Revisions=+67% | Analysts=27
EPS current Year (2026-12-31): EPS=3.20 | Chg30d=-0.02% | Revisions=+77% | GrowthEPS=+36.2% | GrowthRev=+9.4%
EPS next Year (2027-12-31): EPS=4.53 | Chg30d=+0.01% | Revisions=+55% | GrowthEPS=+41.4% | GrowthRev=+13.1%
[Analyst] Revisions Ratio: +71% (up=67, down=10)