NYSE:ONTO

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Executive Summary

Onto Innovation Inc. designs, develops, manufactures, and supports process control tools that performs macro-defect inspection and metrology, lithography systems, and process control analytical software used by semiconductor and advanced packaging device manufacturers worldwide.

Rewards

Earnings are forecast to grow 156.37% per year

Risk Analysis

No risks detected for ONTO from our risk checks.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Onto Innovation's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ONTO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.4%

ONTO

3.7%

US Semiconductor

3.0%

US Market


1 Year Return

n/a

ONTO

45.7%

US Semiconductor

15.8%

US Market

Return vs Industry: Insufficient data to determine how ONTO performed against the US Semiconductor industry.

Return vs Market: Insufficient data to determine how ONTO performed against the US Market.


Shareholder returns

ONTOIndustryMarket
7 Day-3.4%3.7%3.0%
30 Day3.8%6.8%6.0%
90 Day9.3%19.8%16.4%
1 Yearn/a48.5%45.7%18.4%15.8%
3 Yearn/a95.3%84.8%44.8%35.4%
5 Yearn/a224.3%192.5%75.7%56.7%

Price Volatility Vs. Market

How volatile is Onto Innovation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Onto Innovation undervalued compared to its fair value and its price relative to the market?

1.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ONTO ($36.36) is trading above our estimate of fair value ($7.06)

Significantly Below Fair Value: ONTO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ONTO is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.

PE vs Market: ONTO 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 ONTO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ONTO is good value based on its PB Ratio (1.5x) compared to the US Semiconductor industry average (3.5x).


Next Steps

Future Growth

How is Onto Innovation forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

156.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ONTO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: ONTO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ONTO's is expected to become profitable in the next 3 years.

Revenue vs Market: ONTO's revenue (14.3% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: ONTO's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ONTO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Onto Innovation performed over the past 5 years?

-8.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ONTO is currently unprofitable.

Growing Profit Margin: ONTO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ONTO is unprofitable, and losses have increased over the past 5 years at a rate of 8.6% per year.

Accelerating Growth: Unable to compare ONTO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ONTO is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-3.1%).


Return on Equity

High ROE: ONTO has a negative Return on Equity (-0.67%), as it is currently unprofitable.


Next Steps

Financial Health

How is Onto Innovation's financial position?


Financial Position Analysis

Short Term Liabilities: ONTO's short term assets ($644.9M) exceed its short term liabilities ($98.7M).

Long Term Liabilities: ONTO's short term assets ($644.9M) exceed its long term liabilities ($96.8M).


Debt to Equity History and Analysis

Debt Level: ONTO is debt free.

Reducing Debt: ONTO has no debt compared to 5 years ago when its debt to equity ratio was 21%.

Debt Coverage: ONTO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ONTO has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Onto Innovation current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ONTO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ONTO'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 ONTO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ONTO'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 ONTO'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?

3.2yrs

Average management tenure


CEO

Mike Plisinski (50 yo)

0.83

Tenure

US$2,376,153

Compensation

Mr. Michael P. Plisinski, also known as Mike is Chief Executive Officer and Director of Onto Innovation Inc. since October 25, 2019. Mr. Plisinski served as Chief Executive Officer of Rudolph Technologies ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD2.38M) is below average for companies of similar size in the US market ($USD4.62M).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Plisinski
CEO & Director0.83yrUS$2.38m0.54%
$ 9.6m
Steven Roth
Senior VP of Finance & Administration23.92yrsUS$881.16k0.12%
$ 2.1m
Kevin Heidrich
Senior Vice President of Marketing & Corporate Developmentno dataUS$721.29k0.055%
$ 972.8k
Rollin Kocher
Senior Vice President of Field Operationsno dataUS$984.23k0.064%
$ 1.1m
Rodney Smedt
Senior Vice President & General Manager of Metrology Business Unitno dataUS$845.39k0.067%
$ 1.2m
Greg Swyt
Vice President of Financeno dataUS$484.65k0.0089%
$ 158.1k
Michael Sheaffer
Senior Director of IR3.17yrsno datano data
Robert Koch
VP, General Counsel & Secretary17.25yrsUS$583.26k0.10%
$ 1.8m
Barry Hartunian
Global Vice President Human Resources0.67yrno datano data

3.2yrs

Average Tenure

57yo

Average Age

Experienced Management: ONTO's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Plisinski
CEO & Director0.83yrUS$2.38m0.54%
$ 9.6m
Christine Tsingos
Independent Director0.83yrUS$217.15k0.063%
$ 1.1m
Robert Deuster
Independent Director0.83yrUS$206.51k0.036%
$ 631.5k
Leo Berlinghieri
Independent Director0.83yrUS$21.25k0.048%
$ 854.6k
Bruce Rhine
Independent Director0.83yrUS$227.15k1.21%
$ 21.4m
David Miller
Independent Directorno dataUS$31.25kno data
Christopher Seams
Independent Chairman0.83yrUS$199.65k0.048%
$ 849.1k
Edward Brown
Independent Director0.83yrUS$209.65k0.087%
$ 1.5m
Vita Cassese
Independent Director0.83yrUS$17.50k0.023%
$ 410.7k
Jeffrey Aukerman
Independent Director0.83yrUS$21.25k0.049%
$ 868.6k

0.8yrs

Average Tenure

62yo

Average Age

Experienced Board: ONTO's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: ONTO only recently listed within the past 12 months, with total shares outstanding growing by 56.9% in the past year..


Top Shareholders

Company Information

Onto Innovation Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Onto Innovation Inc.
  • Ticker: ONTO
  • Exchange: NYSE
  • Founded: 1940
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$1.775b
  • Shares outstanding: 48.82m
  • Website: https://www.ontoinnovation.com

Number of Employees


Location

  • Onto Innovation Inc.
  • 16 Jonspin Road
  • Wilmington
  • Massachusetts
  • 1887
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ONTONYSE (New York Stock Exchange)YesNew Common StockUSUSDOct 2019
NNMDB (Deutsche Boerse AG)YesNew Common StockDEEUROct 2019

Biography

Onto Innovation Inc. designs, develops, manufactures, and supports process control tools that performs macro-defect inspection and metrology, lithography systems, and process control analytical software us ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/06 23:51
End of Day Share Price2020/08/06 00:00
Earnings2020/06/27
Annual Earnings2019/12/31


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.