Onto Innovation
Market Cap
US$1.8b
Last Updated
2020/08/06 23:51 UTC
Data Sources
Company Financials +
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
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
| ONTO | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | 3.7% | 3.0% |
| 30 Day | 3.8% | 6.8% | 6.0% |
| 90 Day | 9.3% | 19.8% | 16.4% |
| 1 Year | n/a | 48.5%45.7% | 18.4%15.8% |
| 3 Year | n/a | 95.3%84.8% | 44.8%35.4% |
| 5 Year | n/a | 224.3%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
3 months ago | Simply Wall St
Should Onto Innovation Inc.’s (NYSE:ONTO) Weak Investment Returns Worry You?4 months ago | Simply Wall St
Are Onto Innovation's (NYSE:ONTO) Statutory Earnings A Good Reflection Of Its Earnings Potential?5 months ago | Simply Wall St
This Insider Has Just Sold Shares In Onto Innovation Inc. (NYSE:ONTO)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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.83yr | US$2.38m | 0.54% $ 9.6m | |
| Senior VP of Finance & Administration | 23.92yrs | US$881.16k | 0.12% $ 2.1m | |
| Senior Vice President of Marketing & Corporate Development | no data | US$721.29k | 0.055% $ 972.8k | |
| Senior Vice President of Field Operations | no data | US$984.23k | 0.064% $ 1.1m | |
| Senior Vice President & General Manager of Metrology Business Unit | no data | US$845.39k | 0.067% $ 1.2m | |
| Vice President of Finance | no data | US$484.65k | 0.0089% $ 158.1k | |
| Senior Director of IR | 3.17yrs | no data | no data | |
| VP, General Counsel & Secretary | 17.25yrs | US$583.26k | 0.10% $ 1.8m | |
| Global Vice President Human Resources | 0.67yr | no data | no data |
3.2yrs
Average Tenure
57yo
Average Age
Experienced Management: ONTO's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.83yr | US$2.38m | 0.54% $ 9.6m | |
| Independent Director | 0.83yr | US$217.15k | 0.063% $ 1.1m | |
| Independent Director | 0.83yr | US$206.51k | 0.036% $ 631.5k | |
| Independent Director | 0.83yr | US$21.25k | 0.048% $ 854.6k | |
| Independent Director | 0.83yr | US$227.15k | 1.21% $ 21.4m | |
| Independent Director | no data | US$31.25k | no data | |
| Independent Chairman | 0.83yr | US$199.65k | 0.048% $ 849.1k | |
| Independent Director | 0.83yr | US$209.65k | 0.087% $ 1.5m | |
| Independent Director | 0.83yr | US$17.50k | 0.023% $ 410.7k | |
| Independent Director | 0.83yr | US$21.25k | 0.049% $ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ONTO | NYSE (New York Stock Exchange) | Yes | New Common Stock | US | USD | Oct 2019 |
| NNM | DB (Deutsche Boerse AG) | Yes | New Common Stock | DE | EUR | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/06 23:51 |
| End of Day Share Price | 2020/08/06 00:00 |
| Earnings | 2020/06/27 |
| 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.