Onto Innovation Inc
NYSE:ONTO
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%.
Valuation Backtest
Onto Innovation Inc
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Fundamental Analysis
Onto Innovation Q4 Financials and Q1 Outlook
2023-Q4 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Ownership
ONTO Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
ONTO Price
Onto Innovation Inc
Average Annual Return | 33.73% |
Standard Deviation of Annual Returns | 62.36% |
Max Drawdown | -50% |
Market Capitalization | 8.9B USD |
Shares Outstanding | 49 130 000 |
Percentage of Shares Shorted | 4.08% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.