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. More Details
Flawless balance sheet with reasonable growth potential.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ONTO's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: ONTO exceeded the US Semiconductor industry which returned 70.9% over the past year.
Return vs Market: ONTO exceeded the US Market which returned 38.9% over the past year.
Long-Term 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
9 months ago | Simply Wall StShould Onto Innovation Inc.’s (NYSE:ONTO) Weak Investment Returns Worry You?
11 months ago | Simply Wall StAre Onto Innovation's (NYSE:ONTO) Statutory Earnings A Good Reflection Of Its Earnings Potential?
1 year ago | Simply Wall StThis Insider Has Just Sold Shares In Onto Innovation Inc. (NYSE:ONTO)
Is Onto Innovation undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ONTO ($62.46) is trading below our estimate of fair value ($114.69)
Significantly Below Fair Value: ONTO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ONTO is poor value based on its PE Ratio (98.9x) compared to the US Semiconductor industry average (38.9x).
PE vs Market: ONTO is poor value based on its PE Ratio (98.9x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: ONTO is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: ONTO is good value based on its PB Ratio (2.4x) compared to the US Semiconductor industry average (4.7x).
How is Onto Innovation forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ONTO's forecast earnings growth (55.7% per year) is above the savings rate (2%).
Earnings vs Market: ONTO's earnings (55.7% per year) are forecast to grow faster than the US market (20.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ONTO's revenue (12.6% per year) is forecast to grow faster than the US market (10.4% per year).
High Growth Revenue: ONTO's revenue (12.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ONTO's Return on Equity is forecast to be low in 3 years time (11.4%).
How has Onto Innovation performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ONTO has a large one-off loss of $10.7M impacting its December 26 2020 financial results.
Growing Profit Margin: ONTO's current net profit margins (5.6%) are higher than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: ONTO's earnings have declined by 18.9% per year over the past 5 years.
Accelerating Growth: ONTO's earnings growth over the past year (922.8%) exceeds its 5-year average (-18.9% per year).
Earnings vs Industry: ONTO earnings growth over the past year (922.8%) exceeded the Semiconductor industry 18.2%.
Return on Equity
High ROE: ONTO's Return on Equity (2.5%) is considered low.
How is Onto Innovation's financial position?
Financial Position Analysis
Short Term Liabilities: ONTO's short term assets ($731.7M) exceed its short term liabilities ($120.1M).
Long Term Liabilities: ONTO's short term assets ($731.7M) exceed its long term liabilities ($83.3M).
Debt to Equity History and Analysis
Debt Level: ONTO is debt free.
Reducing Debt: ONTO has no debt compared to 5 years ago when its debt to equity ratio was 21.4%.
Debt Coverage: ONTO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ONTO has no debt, therefore coverage of interest payments is not a concern.
What is Onto Innovation current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ONTO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ONTO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ONTO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ONTO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ONTO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Plisinski (50 yo)
Mr. Michael P. Plisinski, also known as Mike is Chief Executive Officer and Director of Onto Innovation Inc. since October 25, 2019. Mr. Plisinski served as Chief Executive Officer of Rudolph Technologies ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD2.38M) is below average for companies of similar size in the US market ($USD4.97M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
|CEO & Director||1.33yrs||US$2.38m||0.42% |
|Senior VP of Finance & Administration||24.42yrs||US$881.16k||0.090% |
|Senior Vice President of Marketing & Corporate Development||no data||US$721.29k||0.085% |
|Senior Vice President of Field Operations||no data||US$984.23k||0.059% |
|Senior Vice President & General Manager of Metrology Business Unit||no data||US$845.39k||0.070% |
|Vice President of Finance||no data||US$484.65k||0.0089% |
|Senior Director of IR||3.67yrs||no data||no data|
|VP, General Counsel & Secretary||17.75yrs||US$583.26k||0.073% |
|Global Vice President Human Resources||1.17yrs||no data||0.00081% |
Experienced Management: ONTO's management team is considered experienced (3.7 years average tenure).
|CEO & Director||1.33yrs||US$2.38m||0.42% |
|Independent Director||1.33yrs||US$217.15k||0.062% |
|Independent Director||1.33yrs||US$21.25k||0.048% |
|Independent Director||1.33yrs||US$227.15k||0.57% |
|Independent Director||no data||US$31.25k||no data|
|Independent Chairman||1.33yrs||US$199.65k||0.048% |
|Independent Director||1.33yrs||US$209.65k||0.086% |
|Independent Director||1.33yrs||US$17.50k||0.023% |
|Independent Director||1.33yrs||US$21.25k||0.049% |
Experienced Board: ONTO's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ONTO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Onto Innovation Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Onto Innovation Inc.
- Ticker: ONTO
- Exchange: NYSE
- Founded: 1940
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$3.053b
- Shares outstanding: 48.88m
- Website: https://www.ontoinnovation.com
Number of Employees
- Onto Innovation Inc.
- 16 Jonspin Road
- United States
|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|
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||2021/02/26 23:57|
|End of Day Share Price||2021/02/26 00:00|
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.