ON Stock Analysis: ON Semiconductor | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 28.659m USD | 12M Return: 47.6% | US6821891057 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 774M
EPS Trend: -91.6%
Qual. Beats: 3
Rev. Trend: -91.8%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 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: 689.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 2.47 > 1.0 |
| NWC/Revenue: 88.46% < 20% (prev 82.75%; Δ 5.71% < -1%) |
| CFO/TA 0.13 > 3% & CFO 1.77b > Net Income 689.1m |
| Net Debt (363.0m) to EBITDA (1.65b): 0.22 < 3 |
| Current Ratio: 3.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (397.3m) vs 12m ago -2.62% < -2% |
| Gross Margin: 38.41% > 18% (prev 35.75%; Δ 2.67% > 0.5%) |
| Asset Turnover: 47.28% > 50% (prev 47.56%; Δ -0.28% > 0%) |
| Interest Coverage Ratio: 15.19 > 6 (EBIT TTM 875.0m / Interest Expense TTM 57.6m) |
| A: 0.40 (Total Current Assets 7.85b - Total Current Liabilities 2.21b) / Total Assets 13.9b |
| B: 0.63 (Retained Earnings 8.75b / Total Assets 13.9b) |
| C: 0.06 (EBIT TTM 875.0m / Avg Total Assets 13.5b) |
| D: 1.19 (Book Value of Equity 7.56b / Total Liabilities 6.35b) |
| Altman-Z'' = 6.39 = AAA |
| DSRI: 0.90 (Receivables 917.4m/988.0m, Revenue 6.37b/6.19b) |
| GMI: 0.93 (GM 35.75% / 38.41%) |
| AQI: 0.94 (AQ_t 0.22 / AQ_t-1 0.24) |
| SGI: 1.03 (Revenue 6.37b / 6.19b) |
| TATA: -0.08 (NI 689.1m - CFO 1.77b) / TA 13.9b) |
| Beneish M = -3.19 (Cap -4..+1) = AA |
As of November 15, 2026, the stock is trading at USD 71.06 with a total of 7,372,296 shares traded. Over the past week, the price has changed by +12.24%, over one month by -7.34%, over three months by -12.87% and over the past year by +47.64%.
Current recommended Stop Loss: 59.00 (which is 17% or 2.8 ATR below the current price).
ON Semiconductor has received a consensus analysts rating of 3.97. Therefore, it is recommended to buy ON.
- StrongBuy: 13
- Buy: 2
- Hold: 14
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 96.2 | 35.3% |
P/E Trailing = 43.0526
P/E Forward = 14.6628
P/S = 4.4996
P/B = 3.5839
P/EG = 0.1458
Revenue TTM = 6.37b USD
EBIT TTM = 875.0m USD
EBITDA TTM = 1.65b USD
Long Term Debt = 3.66b USD (from longTermDebt, last quarter)
Short Term Debt = 831.2m USD (from shortTermDebt, last quarter)
Debt = 4.73b USD (from shortLongTermDebtTotal, last quarter) + Leases 22.9m
Net Debt = 363.0m USD (calculated: Debt 4.73b - CCE 4.37b)
Enterprise Value = 29.0b USD (28.7b + Debt 4.73b - CCE 4.37b)
Interest Coverage Ratio = 15.19 (Ebit TTM 875.0m / Interest Expense TTM 57.6m)
EV/FCF = 17.95x (Enterprise Value 29.0b / FCF TTM 1.62b)
FCF Yield = 5.57% (FCF TTM 1.62b / Enterprise Value 29.0b)
FCF Margin = 25.38% (FCF TTM 1.62b / Revenue TTM 6.37b)
Net Margin = 10.82% (Net Income TTM 689.1m / Revenue TTM 6.37b)
Gross Margin = 38.41% ((Revenue TTM 6.37b - Cost of Revenue TTM 3.92b) / Revenue TTM)
Gross Margin QoQ = 41.40% (prev 38.43%)
Tobins Q-Ratio = 2.08 (Enterprise Value 29.0b / Total Assets 13.9b)
Interest Expense / Debt = 1.22% (Interest Expense 57.6m / Debt 4.73b)
Taxrate = 18.03% (151.9m / 842.7m)
NOPAT = 717.3m (EBIT 875.0m * (1 - 18.03%))
Current Ratio = 3.55 (Total Current Assets 7.85b / Total Current Liabilities 2.21b)
Debt / Equity = 0.63 (Debt 4.73b / totalStockholderEquity, last quarter 7.56b)
Debt / EBITDA = 0.22 (Net Debt 363.0m / EBITDA 1.65b)
Debt / FCF = 0.22 (Net Debt 363.0m / FCF TTM 1.62b)
Total Stockholder Equity = 7.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.12% (Net Income 689.1m / Total Assets 13.9b)
RoE = 9.26% (Net Income TTM 689.1m / Total Stockholder Equity 7.44b)
RoCE = 7.88% (EBIT 875.0m / Capital Employed (Equity 7.44b + L.T.Debt 3.66b))
RoIC = 5.86% (NOPAT 717.3m / Invested Capital 12.2b)
WACC = 11.79% (E(28.7b)/V(33.4b) * Re(13.57%) + D(4.73b)/V(33.4b) * Rd(1.22%) * (1-Tc(0.18)))
Discount Rate = 13.57% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: -94.97 | Cagr: -3.77%
[DCF] Terminal Value 67.68% ; FCFF base≈1.45b ; Y1≈1.66b ; Y5≈2.44b
[DCF] Fair Price = 57.57 (EV 22.8b - Net Debt 363.0m = Equity 22.4b / Shares 389.3m; r=11.79% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -91.58 | EPS CAGR: -25.41% | SUE: 0.92 | # QB: 3
Revenue Correlation: -91.80 | Revenue CAGR: -11.29% | SUE: 0.70 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.97 | Chg30d=+0.29% | Revisions=+54% | Analysts=26
EPS current Year (2026-12-31): EPS=3.29 | Chg30d=+2.78% | Revisions=+38% | GrowthEPS=+40.0% | GrowthRev=+10.2%
EPS next Year (2027-12-31): EPS=4.74 | Chg30d=+4.57% | Revisions=+57% | GrowthEPS=+43.9% | GrowthRev=+14.9%
[Analyst] Revisions Ratio: +61% (up=25, down=5)