ON's current price/earnings ratio is 93.09, which is higher than 93.81% of US stocks with positive earnings.
With a year-over-year growth in debt of 70.86%, On Semiconductor Corp's debt growth rate surpasses 83.48% of about US stocks.
On Semiconductor Corp's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -23.14%, greater than the shareholder yield of only 16.11% of stocks in our set.
If you're looking for stocks that are quantitatively similar to On Semiconductor Corp, a group of peers worth examining would be EBS, CIEN, ZNGA, INFN, and ALV.
ON's SEC filings can be seen here. And to visit On Semiconductor Corp's official web site, go to www.onsemi.com.
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:
Below please find a table outlining a discounted cash flow forecast for ON, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that On Semiconductor Corp ranked in the 11th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 91.5%. The most interesting components of our discounted cash flow analysis for On Semiconductor Corp ended up being:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 62. Its equity weight surpasses that of just 11.4% of free cash flow generating stocks in the Technology sector.
The company's compound free cash flow growth rate over the past 5.78 years comes in at -0.1%; that's greater than only 16.57% of US stocks we're applying DCF forecasting to.
The business' balance sheet reveals debt to be 38% of the company's capital (with equity being the remaining amount). Approximately 61.3% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
LTRPA, GSKY, GWRE, IEHC, and INOV 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.
ON Semiconductor (ON) is up 4.1% premarket after an initiation at Rosenblatt at Buy. The firm sees an entry point with shares still down 26% over five months (despite joining in the post-March rally). A return in manufacturing will help expand gross margins, it says; following pandemic-mandated shutdowns, "manufacturing facilities...
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ON Semiconductor (NASDAQ: ON), driving energy efficient innovations, today announced the appointment of Bernard ("Bernie") R. Colpitts, Jr. as chief accounting officer of ON Semiconductor Corporation and its wholly-owned subsidiary, Semiconductor Components Industries, LLC ("SCILLC"), and vice president, finance of SCILLC. Colpitts was previously senior vice president and chief accounting officer at GameStop Corp., a video game retailer headquartered in Texas.