First Time Loading...

Onto Innovation Inc
NYSE:ONTO

Watchlist Manager
Onto Innovation Inc Logo
Onto Innovation Inc
NYSE:ONTO
Watchlist
Price: 178.33 USD -1.2%
Updated: Mar 28, 2024

Intrinsic Value

Onto Innovation, Inc. engages in designing, developing and manufacturing process control systems. [ Read More ]

The intrinsic value of one ONTO stock under the Base Case scenario is 113.62 USD. Compared to the current market price of 178.33 USD, Onto Innovation Inc is Overvalued by 36%.

Key Points:
ONTO Intrinsic Value
Base Case
113.62 USD
Overvaluation 36%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Onto Innovation Inc

Backtest ONTO Intrinsic Value
Dive into the past to invest in the future

Run backtest to discover the historical profit from buying and selling ONTO stocks based on their intrinsic value.

Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

Run Backtest
Settings
Valuation Methods
Buy/Sell Thresholds
Buy When:
%
Sell When:
%
B
S
Run Backtest
How does it work?

Fundamental Analysis

Onto Innovation Q4 Financials and Q1 Outlook
2023-Q4 Earnings Call

Onto Innovation Q4 Financials and Q1 Outlook

Onto Innovation posted strong fourth-quarter revenue, surpassing the high end of guidance, thanks to robust demand for Dragonfly inspection systems for AI-related semiconductor packaging. This segment grew 65% annually, contributing to overall revenue rising from $220 million in 2020 to over $500 million in 2023. Despite a slump in advanced node revenue, which is expected to recover slightly, the company forecasts Q1 revenues between $215 million and $230 million, with earnings per share from $1 to $1.20. The firm is focusing on operational efficiencies to realign with its long-term operating model by year's end.

Financials

Balance Sheet Decomposition
Onto Innovation Inc

Current Assets 1.3B
Cash & Short-Term Investments 1.2B
Receivables 226.6m
Other Current Assets -105.4m
Non-Current Assets 626.4m
PP&E 122m
Intangibles 483.2m
Other Non-Current Assets 21.3m
Current Liabilities 147.7m
Accounts Payable 49.9m
Accrued Liabilities 52.9m
Other Current Liabilities 45m
Non-Current Liabilities 25.5m
Other Non-Current Liabilities 25.5m
Efficiency

Earnings Waterfall
Onto Innovation Inc

Revenue
815.9m USD
Cost of Revenue
-388.6m USD
Gross Profit
427.3m USD
Operating Expenses
-304.2m USD
Operating Income
123.1m USD
Other Expenses
-1.9m USD
Net Income
121.2m USD

Free Cash Flow Analysis
Onto Innovation Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

ONTO Profitability Score
Profitability Due Diligence

Onto Innovation Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive Revenue Growth Forecast
Positive 3-Years Revenue Growth
60/100
Profitability
Score

Onto Innovation Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

ONTO Solvency Score
Solvency Due Diligence

Onto Innovation Inc's solvency score is 81/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
Low D/E
81/100
Solvency
Score

Onto Innovation Inc's solvency score is 81/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ONTO Price Targets Summary
Onto Innovation Inc

Wall Street analysts forecast ONTO stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ONTO is 194.57 USD with a low forecast of 181.8 USD and a high forecast of 215.25 USD.

Lowest
Price Target
181.8 USD
2% Upside
Average
Price Target
194.57 USD
9% Upside
Highest
Price Target
215.25 USD
21% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

ONTO Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

ONTO Price
Onto Innovation Inc

1M 1M
-1%
6M 6M
+38%
1Y 1Y
+115%
3Y 3Y
+194%
5Y 5Y
+494%
10Y 10Y
+896%
Annual Price Range
178.33
52w Low
78.5
52w High
196.61
Price Metrics
Average Annual Return 33.73%
Standard Deviation of Annual Returns 62.36%
Max Drawdown -50%
Shares Statistics
Market Capitalization 8.9B USD
Shares Outstanding 49 130 000
Percentage of Shares Shorted 4.08%

ONTO Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Onto Innovation Inc Logo
Onto Innovation Inc

Country

United States of America

Industry

Semiconductors

Market Cap

8.9B USD

Dividend Yield

0%

Description

Onto Innovation, Inc. engages in designing, developing and manufacturing process control systems. The company is headquartered in Wilmington, Massachusetts and currently employs 1,411 full-time employees. Its products include automated metrology systems, integrated metrology systems, silicon wafer all-surface inspection/characterization, macro defect inspection, automated defect classification and pattern analysis, yield analysis, opaque film metrology, probe card test and analysis, advanced packaging lithography, process control software and yield management software. Its products are also used for process control in several other technology markets, including manufacturing of light emitting diodes, vertical-cavity surface-emitting lasers, micro-electromechanical systems, data storage, and industrial and scientific applications.

Contact

MASSACHUSETTS
Wilmington
16 Jonspin Road
+19782536200.0
https://ontoinnovation.com/

IPO

1984-11-28

Employees

1 411

Officers

CEO & Director
Mr. Michael P. Plisinski
Senior VP & CFO
Mr. Mark R. Slicer
VP, General Counsel & Company Secretary
Ms. Yoon Ah E. Oh
Senior VP & GM of Metrology Business Unit
Mr. Robert Fiordalice
Chief Operating Officer
Mr. Ramil Yaldaei
Senior Director of Investor Relations & ESG Reporting
Mr. Michael Sheaffer
Show More
Chief Marketing Officer & Senior VP of Strategy
Dr. Michel Rosa
Senior VP & GM of Inspection Business Unit
Dr. Ju Jin Ph.D.
Senior Vice President of Customer Success Group
Dr. Srinivas Vedula Ph.D.
Show Less

See Also

Discover More
What is the Intrinsic Value of one ONTO stock?

The intrinsic value of one ONTO stock under the Base Case scenario is 113.62 USD.

Is ONTO stock undervalued or overvalued?

Compared to the current market price of 178.33 USD, Onto Innovation Inc is Overvalued by 36%.