Onto Innovation Inc.
ONTO
Measuring & Controlling Devices, NEC
Mkt Cap
$11.32BPE
81.47Debt
-Cash
$190.9MEV
-FCF
$157.3MP/E Ratio
81.47Debt
-Cash
$190.9MEV
-FCF
$157.3MCharts data: {"Earnings":[{"time":"2014-12-26","value":-31118000},{"time":"2015-12-25","value":2905000},{"time":"2016-12-30","value":44035000},{"time":"2017-12-29","value":30202000},{"time":"2018-12-30","value":45096000},{"time":"2019-12-30","value":1910000},{"time":"2020-12-25","value":31025000},{"time":"2021-12-31","value":142349000},{"time":"2022-12-30","value":223334000},{"time":"2023-12-29","value":121159000}],"Sales":[{"time":"2014-12-26","value":166443000},{"time":"2015-12-25","value":187367000},{"time":"2016-12-30","value":221129000},{"time":"2017-12-29","value":258621000},{"time":"2018-12-30","value":273784000},{"time":"2019-12-30","value":305896000},{"time":"2020-12-25","value":556496000},{"time":"2021-12-31","value":788899000},{"time":"2022-12-30","value":1005183000},{"time":"2023-12-29","value":815868000}],"Net Margins":[{"time":"2014-12-26","value":-0.18695889884224628},{"time":"2015-12-25","value":0.015504331072173862},{"time":"2016-12-30","value":0.19913715523517947},{"time":"2017-12-29","value":0.11678092652955484},{"time":"2018-12-30","value":0.16471378897232855},{"time":"2019-12-30","value":0.006243952192902163},{"time":"2020-12-25","value":0.05575062534142204},{"time":"2021-12-31","value":0.18044008168346012},{"time":"2022-12-30","value":0.22218242847322328},{"time":"2023-12-29","value":0.14850318924139688}],"Assets":[{"time":"2014-12-26","value":223236000},{"time":"2015-12-25","value":235540000},{"time":"2016-12-30","value":287830000},{"time":"2017-12-29","value":309699000},{"time":"2018-12-30","value":418040000},{"time":"2019-12-30","value":1448580000},{"time":"2020-12-25","value":1468172000},{"time":"2021-12-31","value":1649813000},{"time":"2022-12-30","value":1794863000},{"time":"2023-12-29","value":1909712000}],"Stockholders Equity":[{"time":"2014-12-26","value":179537000},{"time":"2015-12-25","value":187328000},{"time":"2016-12-30","value":243774000},{"time":"2017-12-29","value":262383000},{"time":"2018-12-30","value":361888000},{"time":"2019-12-30","value":1264026000},{"time":"2020-12-25","value":1264746000},{"time":"2021-12-31","value":1426055000},{"time":"2022-12-30","value":1596426000},{"time":"2023-12-29","value":1736535000}],"ROE":[{"time":"2014-12-26","value":-0.17332360460517887},{"time":"2015-12-25","value":0.01550755893406218},{"time":"2016-12-30","value":0.18063862429955616},{"time":"2017-12-29","value":0.11510654272571012},{"time":"2018-12-30","value":0.12461313997700946},{"time":"2019-12-30","value":0.0015110448677479735},{"time":"2020-12-25","value":0.024530617214839977},{"time":"2021-12-31","value":0.09982013316456939},{"time":"2022-12-30","value":0.13989624323332242},{"time":"2023-12-29","value":0.06977054882279943}],"ROA":[{"time":"2014-12-26","value":-0.050314465408805034},{"time":"2015-12-25","value":0.023639296934703236},{"time":"2016-12-30","value":0.10122294409894729},{"time":"2017-12-29","value":0.13980671555284324},{"time":"2018-12-30","value":0.12760979810544446},{"time":"2019-12-30","value":-0.000412127738889119},{"time":"2020-12-25","value":0.018300308138283525},{"time":"2021-12-31","value":0.09480286553688205},{"time":"2022-12-30","value":0.13459745952755167},{"time":"2023-12-29","value":0.06942512797741231}]}
Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites. The company also provides spare parts and software licensing services. Its products are used by semiconductor and advanced packaging device manufacturers; silicon wafer; light emitting diode; vertical-cavity surface-emitting laser; micro-electromechanical system; CMOS image sensor; power device; analog device; RF filter; data storage; and various industrial and scientific applications. The company was formerly known as Rudolph Technologies, Inc. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.
Sector
DCF
Discounted Cash Flow Valuation of Onto Innovation Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $157.3M | $204.5M | $260.2M | $323.8M | $394M | $468.4M | $543.9M | $616.4M | $681.5M | $734.5M | $771.2M | $7.712B |
| DCF | $177.9M | $196.8M | $212.9M | $225.3M | $232.9M | $235.1M | $231.7M | $222.8M | $208.8M | $190.6M | $1.906B | |
| Value | $4.041B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 48%
Earnings Stability 41%
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.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 1.6% | 20% | 12% | 16% | 0.62% | 5.6% | 18% | 22% | 15% | 16% |
| ROA | 2.4% | 10% | 14% | 13% | -0.041% | 1.8% | 9.5% | 13% | 6.9% | 7.7% |
| ROE | 1.6% | 18% | 12% | 12% | 0.15% | 2.5% | 10% | 14% | 7% | 7.8% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +12.96%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +1.98%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +7.41%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +0.54%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +7.67%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +0.62%.
Safety & Stabiliy
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.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | - | - | - | - | - | - | - | - |
| Debt Equity | - | - | - | - | - | - | - | - | - | - |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 4.8% | 100% | 100% | 100% | 92% | 4.8% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.05.
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.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 21% | 24% | 14% | -19% | 0.47% |
| Net Income | 16% | 22% | 57% | -46% | -86% |
| Stockholders Equity | 32% | 37% | 11% | 8.8% | -1.1% |
| FCF | 20% | 40% | 14% | 26% | 6.2% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +24.41%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +0.47%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +21.86%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -86.2%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +36.84%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -1.07%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +40.23%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +6.21%.