On Semiconductor Corp

  • Earnings Score
  • Moat Score
  • Safety Score
  • Final Score
  • Market Cap $28.31B
  • PE 16
  • Debt $4.18B
  • Cash $2.47B
  • EV $30.02B
  • FCF $998.30M

Earnings

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Sales & Net Margins

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Earnings$1.76B
EBIT$1.97B
ROE20%
ROA14%
FCF$998.30M
Equity$8.60B
Growth Stability39%
PE16.13
PEG0.18
PB3.29
P/FCF28.36
P/S3.84
Price/Cash0.09
Debt/Equity0.49
Debt/FCF4.18
Net Margins22%
Gross Margins46%
Op. Margins27%
Earnings CAGR32%
Sales Growth YoY-19%
Sales Growth QoQ2%
Sales CAGR10%
FCF CAGR15%
Equity CAGR20%
Earnings Stability0.57
Earnings Growth YoY-31%
Earnings Growth QoQ19%
Earnings CAGR 5Y90%
Sales CAGR 5Y12%
FCF CAGR 5Y33%
Equity CAGR 5Y27%
Earnings CAGR 3Y3%
Sales CAGR 3Y3%
FCF CAGR 3Y-29%
Equity CAGR 3Y26%
Market Cap$28.31B
Revenue$7.38B
Assets$13.92B
Total Debt$4.18B
Cash$2.47B
Shares Outstanding425.65M
EV30.02B
Earnings Score86%
Moat Score95%
Safety Score60%
Final Score81%
Working Capital4.42B
Current Ratio3.07
Gross Profit$3.38B
Shares Growth 3y-0%
Equity Growth QoQ3%
Equity Growth YoY15%

Assets & ROA

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Stockholders Equity & ROE

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Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second- largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.

SEC Filings

Direct access to On Semiconductor Corp (ON) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Sep 27
    • 10-Q Jun 28
    • 10-Q Mar 29
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 29
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jul 01
    • 10-Q Apr 01

Sector Comparison

How does On Semiconductor Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of On Semiconductor Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 32%
Stability 57%
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On Semiconductor Corp Discounted Cash Flow

Fully customizable DCF calculator online for On Semiconductor Corp.

= $28B
012345678910TV
fcf$998M$1.1B$1.3B$1.5B$1.7B$2B$2.3B$2.6B$3B$3.4B$3.9B$39B
DCF$1B$1.1B$1.1B$1.2B$1.2B$1.3B$1.3B$1.4B$1.5B$1.5B$15B
Value$28B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Net Margins6%6%5%15%11%4%4%15%23%26%22%
ROA-7%5%10%12%5%4%13%21%19%14%
ROE-13%10%29%20%6%7%22%31%28%20%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Debt over FCF-10.3111.774.844.0528.018.232.562.0710.394.18
Debt over Equity0.851.262.361.220.961.351.160.740.540.540.49
Growth Stability---100%100%39%43%100%100%100%39%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth-11%12%42%6%-6%-5%28%24%-1%12%
Earnings YoY growth-9%-12%345%-23%-66%11%331%88%15%90%
Equity YoY growth--1%13%52%14%4%7%29%35%26%27%
FCF YoY growth--28%85%91%7%-79%213%167%22%-75%33%