Onto Innovation Valuation
Is ONTO * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 ONTO * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ONTO * (MX$3323) is trading above our estimate of fair value (MX$3030.98)
Significantly Below Fair Value: ONTO * is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ONTO *?
Key metric: As ONTO * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is ONTO *'s PE Ratio? | |
|---|---|
| PE Ratio | 43.7x |
| Earnings | US$183.16m |
| Market Cap | US$8.00b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 7.6x |
| Enterprise Value/EBITDA | 29.8x |
| PEG Ratio | 1.4x |
Price to Earnings Ratio vs Peers
How does ONTO *'s PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 60.1x | ||
ENPH Enphase Energy | 139.8x | 46.3% | US$8.6b |
6488 GlobalWafers | 14.6x | 15.1% | NT$202.2b |
AMKR Amkor Technology | 17.8x | 30.7% | US$6.3b |
7769 Hon. Precision | 68.1x | n/a | NT$219.0b |
ONTO * Onto Innovation | 43.7x | 30.7% | Mex$8.0b |
Price-To-Earnings vs Peers: ONTO * is good value based on its Price-To-Earnings Ratio (43.7x) compared to the peer average (59.7x).
Price to Earnings Ratio vs Industry
How does ONTO *'s PE Ratio compare vs other companies in the Global Semiconductor Industry?
| 14 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 14 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: ONTO * is expensive based on its Price-To-Earnings Ratio (43.7x) compared to the Global Semiconductor industry average (31.2x).
Price to Earnings Ratio vs Fair Ratio
What is ONTO *'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 43.7x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ONTO *'s Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | Mex$5,182.98 0% | 6.7% | Mex$5,688.34 | Mex$4,672.57 | n/a | 9 |
| Nov ’25 | Mex$3,637.50 | Mex$5,173.06 +42.2% | 6.7% | Mex$5,677.45 | Mex$4,663.62 | n/a | 9 |
| Oct ’25 | n/a | Mex$5,156.95 0% | 7.0% | Mex$5,657.62 | Mex$4,511.04 | n/a | 8 |
| Sep ’25 | n/a | Mex$4,883.92 0% | 7.3% | Mex$5,393.45 | Mex$4,300.40 | n/a | 7 |
| Aug ’25 | n/a | Mex$4,588.82 0% | 6.9% | Mex$5,015.75 | Mex$4,120.08 | n/a | 6 |
| Jul ’25 | Mex$4,008.27 | Mex$4,648.82 +16.0% | 7.0% | Mex$5,144.94 | Mex$4,226.20 | n/a | 5 |
| Jun ’25 | Mex$3,858.90 | Mex$4,145.72 +7.4% | 4.7% | Mex$4,447.84 | Mex$3,860.39 | n/a | 5 |
| May ’25 | n/a | Mex$3,649.64 0% | 9.8% | Mex$4,022.82 | Mex$3,081.31 | n/a | 5 |
| Apr ’25 | n/a | Mex$3,148.80 0% | 11.3% | Mex$3,587.66 | Mex$2,561.42 | n/a | 5 |
| Mar ’25 | Mex$3,061.00 | Mex$3,131.70 +2.3% | 9.2% | Mex$3,502.45 | Mex$2,622.56 | n/a | 5 |
| Feb ’25 | n/a | Mex$2,833.24 0% | 10.6% | Mex$3,334.23 | Mex$2,479.30 | n/a | 5 |
| Jan ’25 | n/a | Mex$2,756.38 0% | 8.4% | Mex$3,125.34 | Mex$2,517.64 | n/a | 4 |
| Dec ’24 | n/a | Mex$2,757.61 0% | 8.9% | Mex$3,176.77 | Mex$2,559.06 | n/a | 4 |
| Nov ’24 | Mex$2,046.97 | Mex$2,752.77 +34.5% | 9.9% | Mex$3,133.24 | Mex$2,417.07 | Mex$3,637.50 | 4 |
| Oct ’24 | n/a | Mex$2,430.19 0% | 6.5% | Mex$2,681.58 | Mex$2,262.59 | n/a | 4 |
| Sep ’24 | n/a | Mex$2,430.19 0% | 6.5% | Mex$2,681.58 | Mex$2,262.59 | n/a | 4 |
| Aug ’24 | n/a | Mex$2,142.48 0% | 6.3% | Mex$2,343.33 | Mex$1,975.10 | n/a | 4 |
| Jul ’24 | n/a | Mex$2,170.06 0% | 5.0% | Mex$2,311.31 | Mex$2,020.25 | Mex$4,008.27 | 4 |
| Jun ’24 | n/a | Mex$1,847.22 0% | 10.8% | Mex$2,189.82 | Mex$1,624.70 | Mex$3,858.90 | 5 |
| May ’24 | n/a | Mex$1,750.12 0% | 5.1% | Mex$1,890.56 | Mex$1,656.49 | n/a | 5 |
| Apr ’24 | n/a | Mex$1,771.34 0% | 5.5% | Mex$1,927.37 | Mex$1,688.74 | n/a | 4 |
| Mar ’24 | n/a | Mex$1,771.34 0% | 5.5% | Mex$1,927.37 | Mex$1,688.74 | Mex$3,061.00 | 4 |
| Feb ’24 | n/a | Mex$1,702.49 0% | 7.7% | Mex$1,880.66 | Mex$1,484.73 | n/a | 5 |
| Jan ’24 | n/a | Mex$1,702.49 0% | 7.7% | Mex$1,880.66 | Mex$1,484.73 | n/a | 5 |
| Dec ’23 | n/a | Mex$1,702.49 0% | 7.7% | Mex$1,880.66 | Mex$1,484.73 | n/a | 5 |
| Nov ’23 | n/a | Mex$1,702.49 0% | 7.7% | Mex$1,880.66 | Mex$1,484.73 | Mex$2,046.97 | 5 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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