ON has a market capitalization of $10,488,279,609 -- more than approximately 84.74% of US stocks.
With a one year PEG ratio of 648.21, On Semiconductor Corp is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 94.46% of US stocks.
Of note is the ratio of On Semiconductor Corp's sales and general administrative expense to its total operating expenses; merely 19.67% of US stocks have a lower such ratio.
Stocks that are quantitatively similar to ON, based on their financial statements, market capitalization, and price volatility, are ASX, ITRI, VECO, EYES, and MOSY.
On Semiconductor manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group. The company was founded in 1999 and is based in Phoenix, Arizona.
ON Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for On Semiconductor Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that On Semiconductor Corp ranked in the 12th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for ON, they are:
The company's balance sheet shows it gets 69% of its capital from equity, and 31% of its capital from debt. Notably, its equity weight is greater than merely 15.97% of US equities in the Technology sector yielding a positive free cash flow.
The company's compound free cash flow growth rate over the past 5.45 years comes in at -0.03%; that's greater than merely 20.52% of US stocks we're applying DCF forecasting to.
On Semiconductor Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
NUAN, QCOM, FEYE, OPRA, and QADB can be thought of as valuation peers to ON, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
Earlier today, STMicroelectronics posted positive preliminary Q3 results and raised its full-year sales outlook.Rosenblatt Securities analyst Kevin Cassidy says the news is positive for ON Semiconductor (ON), which has a similar auto end market exposure.Cassidy now sees "likely upside to our and consensus estimates" for ON and maintains a Buy rating.The...
ON Semiconductor ([[ON]] +2.7%) President and CEO, Keith D. Jackson plans to retire effective May 2021.Mr. Jackson will assist the BOD in its search for his successor.He will also be retiring as a member of the board.He joined in 2002 and has seen the transition of company from $300M to...
ON Semiconductor (Nasdaq: ON), driving energy efficient innovations, today announced the immediate availability of Veridify’s Public Key security tools for the RSL10, the industry’s lowest power Flash-based Bluetooth® Low Energy radio System on Chip (SoC). Veridify Security’s tools are available in a CMSIS-Pack, giving developers a familiar and fast implementation path to protect their RSL10 solutions with critical security features including device-to-device authentication, data protection, and secure firmware updates.
ON Semiconductor (Nasdaq: ON), driving energy efficient innovations, has introduced a full SiC power module for solar inverter applications, which has been selected by the global leading provider of power and thermal management solutions, Delta, to support its M70A three-phase PV string inverter portfolio.
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]