| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
ONTO Overview
Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and metrology, lithography systems, and process control analytical software worldwide.
Rewards
Risk Analysis
No risks detected for ONTO from our risk checks.
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.
Market Performance
7 Day Return
0.2%
ONTO
-0.04%
US Semiconductor
-0.6%
US Market
1 Year Return
161.3%
ONTO
55.0%
US Semiconductor
33.8%
US Market
Return vs Industry: ONTO exceeded the US Semiconductor industry which returned 55% over the past year.
Return vs Market: ONTO exceeded the US Market which returned 33.8% over the past year.
Shareholder returns
| ONTO | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | -0.04% | -0.6% |
| 30 Day | 16.4% | 7.6% | 1.6% |
| 90 Day | 12.4% | 9.1% | 4.6% |
| 1 Year | 161.3%161.3% | 57.0%55.0% | 35.8%33.8% |
| 3 Year | n/a | 137.1%125.5% | 60.0%50.1% |
| 5 Year | n/a | 295.5%259.4% | 123.0%98.7% |
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
No news available
Onto Innovation Fundamentals Summary
| ONTO fundamental statistics | |
|---|---|
| Market Cap | US$3.80b |
| Earnings (TTM) | US$87.17m |
| Revenue (TTM) | US$644.29m |
43.6x
P/E Ratio5.9x
P/S RatioIs ONTO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ONTO income statement (TTM) | |
|---|---|
| Revenue | US$644.29m |
| Cost of Revenue | US$303.37m |
| Gross Profit | US$340.92m |
| Expenses | US$253.75m |
| Earnings | US$87.17m |
Last Reported Earnings
Jun 26, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.78 |
| Gross Margin | 52.91% |
| Net Profit Margin | 13.53% |
| Debt/Equity Ratio | 0% |
How did ONTO perform over the long term?
See historical performance and comparisonValuation
Is Onto Innovation undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ONTO ($77.07) is trading below our estimate of fair value ($165.27)
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 (43.6x) compared to the US Semiconductor industry average (29.6x).
PE vs Market: ONTO is poor value based on its PE Ratio (43.6x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: ONTO is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: ONTO is good value based on its PB Ratio (2.9x) compared to the US Semiconductor industry average (4.4x).
Future Growth
How is Onto Innovation forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
32.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ONTO's forecast earnings growth (32.8% per year) is above the savings rate (2%).
Earnings vs Market: ONTO's earnings (32.8% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ONTO's revenue (12.4% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: ONTO's revenue (12.4% 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
Past Performance
How has Onto Innovation performed over the past 5 years?
-3.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ONTO has high quality earnings.
Growing Profit Margin: ONTO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ONTO's earnings have declined by 3.2% per year over the past 5 years.
Accelerating Growth: ONTO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ONTO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (70.6%).
Return on Equity
High ROE: ONTO's Return on Equity (6.6%) is considered low.
Financial Health
How is Onto Innovation's financial position?
Financial Position Analysis
Short Term Liabilities: ONTO's short term assets ($811.6M) exceed its short term liabilities ($133.2M).
Long Term Liabilities: ONTO's short term assets ($811.6M) exceed its long term liabilities ($83.8M).
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 20.9%.
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
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?
1.9yrs
Average management tenure
CEO
Mike Plisinski (51 yo)
1.92yrs
Tenure
US$3,763,688
Compensation
Mr. Michael P. Plisinski, also known as Mike, is the Chief Executive Officer and Director of Onto Innovation Inc. since October 25, 2019. Mr. Plisinski served as Chief Executive Officer of Rudolph Technolo...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD3.76M) is about average for companies of similar size in the US market ($USD5.27M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ONTO's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: ONTO's board of directors are not considered experienced ( 1.9 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: Shareholders have not been meaningfully diluted 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$3.797b
- Shares outstanding: 49.27m
- Website: https://www.ontoinnovation.com
Number of Employees
Location
- Onto Innovation Inc.
- 16 Jonspin Road
- Wilmington
- Massachusetts
- 1887
- United States
Listings
Biography
Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and metrology, lithography systems, and process control anal...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:16 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/26 |
| Annual Earnings | 2020/12/26 |
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.