ON Semiconductor Corporation

LSE:0KC4 Stock Report

Market Cap: US$27.9b

ON Semiconductor Valuation

Is 0KC4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0KC4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0KC4 ($65.92) is trading below our estimate of fair value ($179.24)

Significantly Below Fair Value: 0KC4 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0KC4?

Key metric: As 0KC4 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0KC4. This is calculated by dividing 0KC4's market cap by their current earnings.
What is 0KC4's PE Ratio?
PE Ratio15.9x
EarningsUS$1.76b
Market CapUS$27.89b

Price to Earnings Ratio vs Peers

How does 0KC4's PE Ratio compare to its peers?

The above table shows the PE ratio for 0KC4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.6x
MCHP Microchip Technology
38.1x31.6%US$30.1b
GFS GlobalFoundries
31.1x22.5%US$22.8b
STMPA STMicroelectronics
10.7x8.5%€21.3b
MPWR Monolithic Power Systems
66.6x21.6%US$28.7b
0KC4 ON Semiconductor
15.9x14.7%US$27.9b

Price-To-Earnings vs Peers: 0KC4 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (36.6x).

Price to Earnings Ratio vs Industry

How does 0KC4's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0KC4 15.9xIndustry Avg. 17.0xNo. of Companies7PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0KC4 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the European Semiconductor industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is 0KC4's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0KC4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.9x
Fair PE Ratio30x

Price-To-Earnings vs Fair Ratio: 0KC4 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the estimated Fair Price-To-Earnings Ratio (30x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0KC4 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$65.92
US$85.87
+30.3%
12.7%US$107.00US$55.00n/a29
Dec ’25US$71.12
US$86.01
+20.9%
12.7%US$107.00US$55.00n/a29
Nov ’25US$71.34
US$85.64
+20.0%
13.1%US$107.00US$55.00n/a27
Oct ’25US$71.28
US$86.53
+21.4%
13.3%US$106.00US$60.00n/a27
Sep ’25US$76.81
US$86.53
+12.6%
13.3%US$106.00US$60.00n/a27
Aug ’25US$71.94
US$86.64
+20.4%
13.2%US$106.00US$60.00n/a27
Jul ’25US$68.55
US$83.79
+22.2%
13.5%US$104.00US$55.00n/a28
Jun ’25US$71.44
US$83.79
+17.3%
13.5%US$104.00US$55.00n/a28
May ’25US$69.36
US$83.58
+20.5%
13.1%US$104.00US$55.00n/a28
Apr ’25US$73.50
US$88.86
+20.9%
11.4%US$115.00US$60.00n/a28
Mar ’25US$82.08
US$88.86
+8.3%
11.4%US$115.00US$60.00n/a28
Feb ’25US$70.26
US$88.08
+25.3%
12.3%US$110.00US$60.00n/a28
Jan ’25US$83.96
US$86.79
+3.4%
14.1%US$110.00US$60.00n/a28
Dec ’24US$74.07
US$86.63
+17.0%
14.5%US$110.00US$60.00US$71.1227
Nov ’24US$64.17
US$88.15
+37.4%
16.0%US$119.80US$60.00US$71.3426
Oct ’24US$93.23
US$120.22
+29.0%
8.7%US$135.00US$97.00US$71.2826
Sep ’24US$99.74
US$120.22
+20.5%
8.7%US$135.00US$97.00US$76.8126
Aug ’24US$108.17
US$119.12
+10.1%
9.9%US$135.00US$91.00US$71.9426
Jul ’24US$94.78
US$96.19
+1.5%
8.1%US$110.00US$80.00US$68.5526
Jun ’24US$87.66
US$95.42
+8.9%
7.6%US$110.00US$80.00US$71.4426
May ’24US$70.85
US$92.19
+30.1%
9.3%US$110.00US$74.00US$69.3626
Apr ’24US$81.34
US$91.42
+12.4%
8.3%US$105.00US$74.00US$73.5026
Mar ’24US$78.49
US$90.00
+14.7%
8.6%US$105.00US$73.00US$82.0827
Feb ’24US$75.00
US$75.19
+0.3%
8.1%US$85.00US$55.00US$70.2628
Jan ’24US$61.95
US$73.99
+19.4%
7.9%US$83.00US$55.00US$83.9628
Dec ’23US$74.03
US$73.74
-0.4%
7.9%US$83.00US$55.00US$74.0728

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 08:17
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/27
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ON Semiconductor Corporation is covered by 60 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tristan GerraBaird
Ishan MajumdarBaptista Research
Romit ShahBarclays