Overview Dividends

(ON) ON Semiconductor - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6821891057

Power Semiconductors, Analog Ics, Image Sensors

Semiconductors
Market Cap in USD: 22,477m

IPO / Inception: 2000-04-28
Return 12m vs S&P 500: -28.4%

EPS (Earnings per Share)

EPS CAGR: -13.60%
EPS Trend: -78.6%

Last SUE: 1.57
Qual. Beats: 1

Revenue

Rev. CAGR: -4.54%
Rev. Trend: -76.7%

Last SUE: 1.44
Qual. Beats: 1

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	47.5%
Value at Risk 5%th	72.9%
Relative Tail Risk	-6.80%

Reward TTM
Sharpe Ratio	-0.05
Alpha	-42.40
CAGR/Max DD	-0.06

Character TTM
Hurst Exponent	0.529
Beta	1.944
Beta Downside	1.980

Drawdowns 3y
Max DD	70.44%
Mean DD	32.76%
Median DD	34.31%

Description: ON ON Semiconductor December 19, 2025

ON Semiconductor (NASDAQ: ON) supplies intelligent sensing and power-management semiconductors across North America, Europe and Asia, organized into three operating groups: Power Solutions (discrete, module and integrated devices for switching, conditioning and protection), Analog & Mixed-Signal (power-management ICs, sensor interfaces and voltage-regulation products for automotive, industrial, computing and mobile markets) and Intelligent Sensing (CMOS image sensors, image-signal processors, single-photon detectors and actuator drivers for autofocus and stabilization).

Key recent metrics show the company generated roughly $9.5 billion of revenue in FY 2023, with a gross margin of about 38 % and R&D spending near 5 % of sales-both above the industry median, reflecting its focus on automotive-grade power solutions and advanced imaging. The firm’s growth is tightly linked to the electric-vehicle (EV) rollout and the broader shift toward higher-efficiency power electronics, which together drive a multi-year CAGR of ~12 % in its automotive power-management segment.

Given ON’s exposure to the accelerating EV market, its relatively high R&D intensity, and the ongoing global semiconductor supply constraints, analysts should monitor automotive order backlogs and inventory levels as leading indicators of near-term earnings momentum.

For a deeper quantitative dive, you might explore ON’s valuation metrics on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (319.1m TTM) > 0 and > 6% of Revenue (6% = 371.3m TTM)

FCFTA 0.13 (>2.0%) and ΔFCFTA 3.74pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 82.75% (prev 59.86%; Δ 22.90pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.14 (>3.0%) and CFO 1.78b > Net Income 319.1m (YES >=105%, WARN >=100%)

Net Debt (1.16b) to EBITDA (1.06b) ratio: 1.09 <= 3.0 (WARN <= 3.5)

Current Ratio 5.23 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (408.0m) change vs 12m ago -5.49% (target <= -2.0% for YES)

Gross Margin 35.75% (prev 45.80%; Δ -10.05pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 45.95% (prev 52.99%; Δ -7.04pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 6.18 (EBITDA TTM 1.06b / Interest Expense TTM 68.9m) >= 6 (WARN >= 3)

Altman Z'' 6.47

(A) 0.39 = (Total Current Assets 6.33b - Total Current Liabilities 1.21b) / Total Assets 13.01b

(B) 0.62 = Retained Earnings (Balance) 8.06b / Total Assets 13.01b

(D) 1.58 = Book Value of Equity 8.01b / Total Liabilities 5.08b

Total Rating: 6.47 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 44.89

1. Piotroski 5.0pt

2. FCF Yield 7.06%

3. FCF Margin 26.51%

4. Debt/Equity 0.46

5. Debt/Ebitda 1.09

6. ROIC - WACC (= -7.95)%

7. RoE 3.91%

8. Rev. Trend -76.73%

9. EPS Trend -78.57%

What is the price of ON shares?

As of December 22, 2025, the stock is trading at USD 55.21 with a total of 45,460,166 shares traded.
Over the past week, the price has changed by +0.22%, over one month by +18.22%, over three months by +7.20% and over the past year by -17.14%.

Is ON a buy, sell or hold?

ON Semiconductor has received a consensus analysts rating of 3.97. Therefore, it is recommended to buy ON.

Strong Buy: 14
Buy: 3
Hold: 13
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the ON price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	58.7	6.3%
Analysts Target Price	58.7	6.3%
ValueRay Target Price	54.7	-0.9%

ON Fundamental Data Overview December 16, 2025

Market Cap USD = 22.48b (22.48b USD * 1.0 USD.USD)
P/E Trailing = 75.2877
P/E Forward = 19.0476
P/S = 3.6325
P/B = 2.7974
P/EG = 1.7489
Beta = 1.571
Revenue TTM = 6.19b USD
EBIT TTM = 425.6m USD
EBITDA TTM = 1.06b USD
Long Term Debt = 3.35b USD (from longTermDebt, last quarter)
Short Term Debt = 35.4m USD (from shortTermDebt, last quarter)
Debt = 3.63b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.16b USD (from netDebt column, last quarter)
Enterprise Value = 23.24b USD (22.48b + Debt 3.63b - CCE 2.87b)
Interest Coverage Ratio = 6.18 (Ebit TTM 425.6m / Interest Expense TTM 68.9m)
FCF Yield = 7.06% (FCF TTM 1.64b / Enterprise Value 23.24b)
FCF Margin = 26.51% (FCF TTM 1.64b / Revenue TTM 6.19b)
Net Margin = 5.16% (Net Income TTM 319.1m / Revenue TTM 6.19b)
Gross Margin = 35.75% ((Revenue TTM 6.19b - Cost of Revenue TTM 3.98b) / Revenue TTM)
Gross Margin QoQ = 37.86% (prev 37.58%)
Tobins Q-Ratio = 1.79 (Enterprise Value 23.24b / Total Assets 13.01b)
Interest Expense / Debt = 0.49% (Interest Expense 17.7m / Debt 3.63b)
Taxrate = 6.48% (17.7m / 273.0m)
NOPAT = 398.0m (EBIT 425.6m * (1 - 6.48%))
Current Ratio = 5.23 (Total Current Assets 6.33b / Total Current Liabilities 1.21b)
Debt / Equity = 0.46 (Debt 3.63b / totalStockholderEquity, last quarter 7.91b)
Debt / EBITDA = 1.09 (Net Debt 1.16b / EBITDA 1.06b)
Debt / FCF = 0.71 (Net Debt 1.16b / FCF TTM 1.64b)
Total Stockholder Equity = 8.17b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.45% (Net Income 319.1m / Total Assets 13.01b)
RoE = 3.91% (Net Income TTM 319.1m / Total Stockholder Equity 8.17b)
RoCE = 3.69% (EBIT 425.6m / Capital Employed (Equity 8.17b + L.T.Debt 3.35b))
RoIC = 3.46% (NOPAT 398.0m / Invested Capital 11.52b)
WACC = 11.41% (E(22.48b)/V(26.11b) * Re(13.18%) + D(3.63b)/V(26.11b) * Rd(0.49%) * (1-Tc(0.06)))
Discount Rate = 13.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.65%
[DCF Debug] Terminal Value 63.02% ; FCFE base≈1.48b ; Y1≈1.57b ; Y5≈1.87b
Fair Price DCF = 40.13 (DCF Value 16.15b / Shares Outstanding 402.4m; 5y FCF grow 6.62% → 3.0% )
EPS Correlation: -78.57 | EPS CAGR: -13.60% | SUE: 1.57 | # QB: 1
Revenue Correlation: -76.73 | Revenue CAGR: -4.54% | SUE: 1.44 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.61 | Chg30d=-0.010 | Revisions Net=-4 | Analysts=28
EPS next Year (2026-12-31): EPS=2.92 | Chg30d=-0.014 | Revisions Net=+1 | Growth EPS=+25.1% | Growth Revenue=+5.4%

Additional Sources for ON Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle