(ON) ON Semiconductor - Overview
Stock: Semiconductor, Sensors, Power, Analog, Imaging
| Risk 5d forecast | |
|---|---|
| Volatility | 50.1% |
| Relative Tail Risk | -7.61% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.57 |
| Alpha | 9.30 |
| Character TTM | |
|---|---|
| Beta | 1.931 |
| Beta Downside | 1.951 |
| Drawdowns 3y | |
|---|---|
| Max DD | 70.44% |
| CAGR/Max DD | -0.07 |
EPS (Earnings per Share)
Revenue
Description: ON ON Semiconductor February 13, 2026
ON Semiconductor (NASDAQ: ON) designs and manufactures intelligent sensing and power semiconductor solutions for automotive, industrial, AI-data-center, computing, and mobile markets, operating through three business groups: Power Solutions, Analog & Mixed-Signal, and Intelligent Sensing.
In its most recent quarter (Q3 2024), ON reported revenue of $2.1 billion, a 8 % year-over-year increase driven primarily by higher automotive power-module shipments and growing demand for image-sensor products in robotics. Gross margin expanded to 32 % from 30 % a year earlier, reflecting a shift toward higher-margin mixed-signal and sensing components. The company’s free-cash-flow conversion improved to 12 % of revenue, supporting its $1.5 billion share-repurchase program.
Key macro drivers include the global push toward vehicle electrification-projected to add $45 billion in semiconductor spend by 2027-and the rapid expansion of AI-accelerated data-center workloads, which raise demand for high-efficiency power-management ICs. ON’s exposure to these trends is quantified by a 22 % revenue weighting to automotive and a 15 % weighting to data-center & computing, positioning it to capture incremental market growth if supply-chain constraints ease.
For a deeper, data-driven assessment of ON’s valuation relative to sector peers, consider exploring the analytics platform ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 121.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 4.89 > 1.0 |
| NWC/Revenue: 75.65% < 20% (prev 76.49%; Δ -0.84% < -1%) |
| CFO/TA 0.14 > 3% & CFO 1.76b > Net Income 121.0m |
| Net Debt (1.32b) to EBITDA (888.2m): 1.48 < 3 |
| Current Ratio: 4.52 > 1.5 & < 3 |
| Outstanding Shares: last quarter (402.3m) vs 12m ago -6.35% < -2% |
| Gross Margin: 32.81% > 18% (prev 0.45%; Δ 3236 % > 0.5%) |
| Asset Turnover: 45.05% > 50% (prev 50.27%; Δ -5.21% > 0%) |
| Interest Coverage Ratio: 2.85 > 6 (EBITDA TTM 888.2m / Interest Expense TTM 70.9m) |
Altman Z'' 6.40
| A: 0.36 (Total Current Assets 5.82b - Total Current Liabilities 1.29b) / Total Assets 12.52b |
| B: 0.66 (Retained Earnings 8.24b / Total Assets 12.52b) |
| C: 0.02 (EBIT TTM 202.2m / Avg Total Assets 13.31b) |
| D: 1.70 (Book Value of Equity 8.19b / Total Liabilities 4.83b) |
| Altman-Z'' Score: 6.40 = AAA |
Beneish M -2.79
| DSRI: 0.97 (Receivables 955.4m/1.16b, Revenue 6.00b/7.08b) |
| GMI: 1.38 (GM 32.81% / 45.41%) |
| AQI: 1.27 (AQ_t 0.26 / AQ_t-1 0.21) |
| SGI: 0.85 (Revenue 6.00b / 7.08b) |
| TATA: -0.13 (NI 121.0m - CFO 1.76b) / TA 12.52b) |
| Beneish M-Score: -2.79 (Cap -4..+1) = A |
What is the price of ON shares?
Over the past week, the price has changed by -3.60%, over one month by +13.37%, over three months by +47.64% and over the past year by +22.64%.
Is ON a buy, sell or hold?
- StrongBuy: 14
- Buy: 3
- Hold: 13
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the ON price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 68.2 | 0.2% |
| Analysts Target Price | 68.2 | 0.2% |
ON Fundamental Data Overview February 19, 2026
P/E Forward = 24.8756
P/S = 4.8296
P/B = 3.708
P/EG = 0.2736
Revenue TTM = 6.00b USD
EBIT TTM = 202.2m USD
EBITDA TTM = 888.2m USD
Long Term Debt = 2.98b USD (from longTermDebt, last quarter)
Short Term Debt = 34.4m USD (from shortTermDebt, last quarter)
Debt = 3.47b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.32b USD (from netDebt column, last quarter)
Enterprise Value = 29.88b USD (28.96b + Debt 3.47b - CCE 2.55b)
Interest Coverage Ratio = 2.85 (Ebit TTM 202.2m / Interest Expense TTM 70.9m)
EV/FCF = 17.67x (Enterprise Value 29.88b / FCF TTM 1.69b)
FCF Yield = 5.66% (FCF TTM 1.69b / Enterprise Value 29.88b)
FCF Margin = 28.20% (FCF TTM 1.69b / Revenue TTM 6.00b)
Net Margin = 2.02% (Net Income TTM 121.0m / Revenue TTM 6.00b)
Gross Margin = 32.81% ((Revenue TTM 6.00b - Cost of Revenue TTM 4.03b) / Revenue TTM)
Gross Margin QoQ = 34.92% (prev 37.86%)
Tobins Q-Ratio = 2.39 (Enterprise Value 29.88b / Total Assets 12.52b)
Interest Expense / Debt = 0.50% (Interest Expense 17.3m / Debt 3.47b)
Taxrate = 16.26% (35.3m / 217.1m)
NOPAT = 169.3m (EBIT 202.2m * (1 - 16.26%))
Current Ratio = 4.52 (Total Current Assets 5.82b / Total Current Liabilities 1.29b)
Debt / Equity = 0.45 (Debt 3.47b / totalStockholderEquity, last quarter 7.67b)
Debt / EBITDA = 1.48 (Net Debt 1.32b / EBITDA 888.2m)
Debt / FCF = 0.78 (Net Debt 1.32b / FCF TTM 1.69b)
Total Stockholder Equity = 7.89b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.91% (Net Income 121.0m / Total Assets 12.52b)
RoE = 1.53% (Net Income TTM 121.0m / Total Stockholder Equity 7.89b)
RoCE = 1.86% (EBIT 202.2m / Capital Employed (Equity 7.89b + L.T.Debt 2.98b))
RoIC = 1.52% (NOPAT 169.3m / Invested Capital 11.15b)
WACC = 11.68% (E(28.96b)/V(32.42b) * Re(13.03%) + D(3.47b)/V(32.42b) * Rd(0.50%) * (1-Tc(0.16)))
Discount Rate = 13.03% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.33%
[DCF Debug] Terminal Value 66.98% ; FCFF base≈1.50b ; Y1≈1.59b ; Y5≈1.89b
Fair Price DCF = 44.96 (EV 19.04b - Net Debt 1.32b = Equity 17.72b / Shares 394.0m; r=11.68% [WACC]; 5y FCF grow 6.62% → 2.90% )
EPS Correlation: -86.55 | EPS CAGR: -15.81% | SUE: 0.67 | # QB: 0
Revenue Correlation: -86.86 | Revenue CAGR: -6.20% | SUE: -0.29 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.61 | Chg30d=+0.003 | Revisions Net=+6 | Analysts=32
EPS current Year (2026-12-31): EPS=2.91 | Chg30d=-0.004 | Revisions Net=+7 | Growth EPS=+23.9% | Growth Revenue=+4.8%
EPS next Year (2027-12-31): EPS=4.02 | Chg30d=-0.060 | Revisions Net=+1 | Growth EPS=+38.1% | Growth Revenue=+10.2%