(ON) ON Semiconductor - Overview
Sector: Technology | Industry: Semiconductors | Exchange: NASDAQ (USA) | Market Cap: 45.179m USD | Total Return: 180.9% in 12m
Avg Turnover: 1.24B
EPS Trend: -96.5%
Qual. Beats: 0
Rev. Trend: -98.0%
Qual. Beats: 1
Warnings
P/E ratio 85.4
Tailwinds
Supp Ema20, Rs Leader, Tailwind, Pullback 52w, Confidence
ON Semiconductor Corporation (NASDAQ: ON) specializes in intelligent sensing and power management technologies through three primary divisions: the Power Solutions Group, the Analog and Mixed-Signal Group, and the Intelligent Sensing Group. Headquartered in Arizona, the company provides essential components for power conversion, signal conditioning, and high-resolution imaging across global markets.
The firm operates within the semiconductor industry, a sector characterized by high capital intensity and cyclical demand driven by advancements in electrification and automation. ON’s business model focuses on the automotive and industrial sectors, where its silicon carbide (SiC) and image sensor technologies are critical for electric vehicle drivetrains and advanced driver-assistance systems (ADAS).
For a deeper dive into these technical segments and their long-term growth prospects, investors may find ValueRays analytical tools useful. The company’s diverse portfolio of discrete and integrated devices positions it as a key supplier for AI data centers and robotics manufacturers requiring efficient power distribution and precision sensing.
- Silicon carbide manufacturing ramp accelerates electric vehicle power module revenue growth
- Industrial automation demand fluctuations impact high-margin intelligent sensing segment sales
- AI data center expansion drives demand for advanced power management solutions
- Strategic manufacturing footprint optimization reduces fixed costs and improves gross margins
- Automotive semiconductor inventory levels influence short-term revenue and earnings volatility
| Net Income: 573.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 1.53 > 1.0 |
| NWC/Revenue: 75.71% < 20% (prev 75.74%; Δ -0.03% < -1%) |
| CFO/TA 0.12 > 3% & CFO 1.40b > Net Income 573.7m |
| Net Debt (626.5m) to EBITDA (1.22b): 0.52 < 3 |
| Current Ratio: 4.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (394.1m) vs 12m ago -6.46% < -2% |
| Gross Margin: 37.22% > 18% (prev 0.40%; Δ 3.68k% > 0.5%) |
| Asset Turnover: 48.00% > 50% (prev 50.29%; Δ -2.29% > 0%) |
| Interest Coverage Ratio: 10.49 > 6 (EBITDA TTM 1.22b / Interest Expense TTM 65.6m) |
| A: 0.38 (Total Current Assets 5.78b - Total Current Liabilities 1.19b) / Total Assets 12.0b |
| B: 0.68 (Retained Earnings 8.21b / Total Assets 12.0b) |
| C: 0.05 (EBIT TTM 688.0m / Avg Total Assets 12.6b) |
| D: 1.74 (Book Value of Equity 8.15b / Total Liabilities 4.69b) |
| Altman-Z'' = 6.93 = AAA |
| DSRI: 1.15 (Receivables 862.8m/825.0m, Revenue 6.06b/6.67b) |
| GMI: 1.07 (GM 37.22% / 39.85%) |
| AQI: 1.16 (AQ_t 0.27 / AQ_t-1 0.23) |
| SGI: 0.91 (Revenue 6.06b / 6.67b) |
| TATA: -0.07 (NI 573.7m - CFO 1.40b) / TA 12.0b) |
| Beneish M = -2.88 (Cap -4..+1) = A |
As of May 30, 2026, the stock is trading at USD 120.62 with a total of 8,927,700 shares traded.
Over the past week, the price has changed by +10.04%,
over one month by +22.01%,
over three months by +81.44% and
over the past year by +180.90%.
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 | 104 | -13.8% |
P/E Trailing = 85.4412
P/E Forward = 37.4532
P/S = 7.4516
P/B = 6.1875
P/EG = 0.3844
Revenue TTM = 6.06b USD
EBIT TTM = 688.0m USD
EBITDA TTM = 1.22b USD
Long Term Debt = 2.98b USD (from longTermDebt, last quarter)
Short Term Debt = 500k USD (from shortTermDebt, last quarter)
Debt = 3.03b USD (from shortLongTermDebtTotal, last quarter) + Leases 23.6m
Net Debt = 626.5m USD (calculated: Debt 3.03b - CCE 2.40b)
Enterprise Value = 45.8b USD (45.2b + Debt 3.03b - CCE 2.40b)
Interest Coverage Ratio = 10.49 (Ebit TTM 688.0m / Interest Expense TTM 65.6m)
EV/FCF = 31.50x (Enterprise Value 45.8b / FCF TTM 1.45b)
FCF Yield = 3.17% (FCF TTM 1.45b / Enterprise Value 45.8b)
FCF Margin = 23.98% (FCF TTM 1.45b / Revenue TTM 6.06b)
Net Margin = 9.46% (Net Income TTM 573.7m / Revenue TTM 6.06b)
Gross Margin = 37.22% ((Revenue TTM 6.06b - Cost of Revenue TTM 3.81b) / Revenue TTM)
Gross Margin QoQ = 38.53% (prev 34.92%)
Tobins Q-Ratio = 3.81 (Enterprise Value 45.8b / Total Assets 12.0b)
Interest Expense / Debt = 2.16% (Interest Expense 65.6m / Debt 3.03b)
Taxrate = 5.86% (7.70m / 131.3m)
NOPAT = 647.7m (EBIT 688.0m * (1 - 5.86%))
Current Ratio = 4.87 (Total Current Assets 5.78b / Total Current Liabilities 1.19b)
Debt / Equity = 0.41 (Debt 3.03b / totalStockholderEquity, last quarter 7.30b)
Debt / EBITDA = 0.52 (Net Debt 626.5m / EBITDA 1.22b)
Debt / FCF = 0.43 (Net Debt 626.5m / FCF TTM 1.45b)
Total Stockholder Equity = 7.71b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.54% (Net Income 573.7m / Total Assets 12.0b)
RoE = 7.45% (Net Income TTM 573.7m / Total Stockholder Equity 7.71b)
RoCE = 6.44% (EBIT 688.0m / Capital Employed (Equity 7.71b + L.T.Debt 2.98b))
RoIC = 5.98% (NOPAT 647.7m / Invested Capital 10.8b)
WACC = 13.47% (E(45.2b)/V(48.2b) * Re(14.24%) + D(3.03b)/V(48.2b) * Rd(2.16%) * (1-Tc(0.06)))
Discount Rate = 14.24% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -100.00 | Cagr: -4.73%
[DCF] Terminal Value 60.35% ; FCFF base≈1.43b ; Y1≈1.48b ; Y5≈1.67b
[DCF] Fair Price = 33.72 (EV 13.7b - Net Debt 626.5m = Equity 13.1b / Shares 388.8m; r=13.47% [WACC]; 5y FCF grow 3.70% → 2.50% )
EPS Correlation: -96.49 | EPS CAGR: -30.06% | SUE: 0.32 | # QB: 0
Revenue Correlation: -98.00 | Revenue CAGR: -13.33% | SUE: 1.04 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.71 | Chg30d=+8.23% | Revisions=+88% | Analysts=29
EPS next Quarter (2026-09-30): EPS=0.83 | Chg30d=+6.93% | Revisions=+81% | Analysts=28
EPS current Year (2026-12-31): EPS=3.09 | Chg30d=+5.87% | Revisions=+83% | GrowthEPS=+31.5% | GrowthRev=+8.0%
EPS next Year (2027-12-31): EPS=4.25 | Chg30d=+4.93% | Revisions=+82% | GrowthEPS=+37.6% | GrowthRev=+10.8%
[Analyst] Revisions Ratio: +88%