ON Semiconductor
Market Cap
US$8.8b
Last Updated
2020/09/21 06:17 UTC
Data Sources
Company Financials +
Executive Summary
ON Semiconductor Corporation, together with its subsidiaries, manufactures and sells semiconductor components for various electronic devices worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential and overvalued.
Similar Companies
Share Price & News
How has ON Semiconductor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ON has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.7%
ON
1.0%
US Semiconductor
0.08%
US Market
1 Year Return
10.5%
ON
36.5%
US Semiconductor
12.8%
US Market
Return vs Industry: ON underperformed the US Semiconductor industry which returned 36.5% over the past year.
Return vs Market: ON underperformed the US Market which returned 12.8% over the past year.
Shareholder returns
| ON | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | 1.0% | 0.08% |
| 30 Day | 2.4% | -2.0% | -1.8% |
| 90 Day | 6.1% | 7.7% | 7.2% |
| 1 Year | 10.5%10.5% | 39.0%36.5% | 15.3%12.8% |
| 3 Year | 21.2%21.2% | 81.3%71.9% | 39.2%29.9% |
| 5 Year | 138.8%138.8% | 243.8%210.0% | 88.3%67.1% |
Price Volatility Vs. Market
How volatile is ON Semiconductor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
This Insider Has Just Sold Shares In ON Semiconductor Corporation (NASDAQ:ON)4 weeks ago | Simply Wall St
Have Insiders Sold ON Semiconductor Corporation (NASDAQ:ON) Shares Recently?1 month ago | Simply Wall St
Investors Who Bought ON Semiconductor (NASDAQ:ON) Shares Five Years Ago Are Now Up 130%Valuation
Is ON Semiconductor undervalued compared to its fair value and its price relative to the market?
2.72x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: ON ($21.42) is trading above our estimate of fair value ($16.81)
Significantly Below Fair Value: ON is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ON is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.
PE vs Market: ON is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ON's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ON is good value based on its PB Ratio (2.7x) compared to the US Semiconductor industry average (3.2x).
Next Steps
Future Growth
How is ON Semiconductor forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?
99.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ON is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: ON is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ON's is expected to become profitable in the next 3 years.
Revenue vs Market: ON's revenue (7.7% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: ON's revenue (7.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ON's Return on Equity is forecast to be low in 3 years time (14.4%).
Next Steps
Past Performance
How has ON Semiconductor performed over the past 5 years?
12.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ON is currently unprofitable.
Growing Profit Margin: ON is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ON is unprofitable, but has reduced losses over the past 5 years at a rate of 12.4% per year.
Accelerating Growth: Unable to compare ON's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ON is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (7.5%).
Return on Equity
High ROE: ON has a negative Return on Equity (-0.54%), as it is currently unprofitable.
Next Steps
Financial Health
How is ON Semiconductor's financial position?
Financial Position Analysis
Short Term Liabilities: ON's short term assets ($4.1B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: ON's short term assets ($4.1B) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: ON's debt to equity ratio (145.4%) is considered high.
Reducing Debt: ON's debt to equity ratio has increased from 85.2% to 145.4% over the past 5 years.
Debt Coverage: ON's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: ON is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is ON Semiconductor current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ON's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ON's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ON's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ON's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ON's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.8yrs
Average management tenure
CEO
Keith Jackson (65 yo)
17.83yrs
Tenure
US$8,894,933
Compensation
Mr. Keith D. Jackson has been President of Fairchild Semiconductor International Inc. since December 19, 2016. Mr. Jackson has been President of California Micro Devices Corporation since January 2010. He ...
CEO Compensation Analysis
Compensation vs Market: Keith's total compensation ($USD8.89M) is about average for companies of similar size in the US market ($USD7.39M).
Compensation vs Earnings: Keith's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 17.83yrs | US$8.89m | 0.76% $ 66.8m | |
| CFO, Executive VP & Treasurer | 8yrs | US$3.05m | 0.16% $ 14.0m | |
| COO & Executive VP | 6.08yrs | US$3.79m | 0.17% $ 14.8m | |
| Executive Vice President of Sales & Marketing | 7.17yrs | US$2.39m | 0.074% $ 6.5m | |
| Executive VP & GM of Power Solutions Group | no data | US$2.28m | 0.032% $ 2.8m | |
| Chief Accounting Officer | 0.33yr | no data | 0.0049% $ 433.0k | |
| CTO & Senior VP | 9.58yrs | no data | no data | |
| Vice President of Investor Relations & Corporate Development | no data | no data | no data | |
| EVP, General Counsel | 16.08yrs | US$1.70m | 0.065% $ 5.8m | |
| Vice President of Marketing & Business Development | 17.25yrs | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Head of German Office Ops and Sales Director & Automotive Market Segment Director for Europe | no data | no data | no data |
8.8yrs
Average Tenure
61yo
Average Age
Experienced Management: ON's management team is seasoned and experienced (8.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 17.83yrs | US$8.89m | 0.76% $ 66.8m | |
| Independent Director | 17.83yrs | US$297.51k | 0.028% $ 2.4m | |
| Independent Director | 9.58yrs | US$305.01k | 0.040% $ 3.5m | |
| Independent Director | 5.08yrs | US$306.26k | 0.012% $ 1.0m | |
| Independent Chair of the Board | 3.33yrs | US$401.26k | 0.020% $ 1.7m | |
| Independent Director | 5.83yrs | US$300.01k | 0.019% $ 1.6m | |
| Independent Director | 1.92yrs | US$292.51k | 0.0075% $ 655.6k |
5.8yrs
Average Tenure
64yo
Average Age
Experienced Board: ON's board of directors are considered experienced (5.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ON insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ON Semiconductor Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ON Semiconductor Corporation
- Ticker: ON
- Exchange: NasdaqGS
- Founded: 1992
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$8.800b
- Shares outstanding: 410.82m
- Website: https://www.onsemi.com
Number of Employees
Location
- ON Semiconductor Corporation
- 5005 East McDowell Road
- Phoenix
- Arizona
- 85008
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ON | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 2000 |
| XS4 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 2000 |
| 0KC4 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Apr 2000 |
| ON * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Apr 2000 |
Biography
ON Semiconductor Corporation, together with its subsidiaries, manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutio ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/21 06:17 |
| End of Day Share Price | 2020/09/18 00:00 |
| Earnings | 2020/07/03 |
| Annual Earnings | 2019/12/31 |
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.