Overview Dividends

(ONTO) Onto Innovation - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6833441057

Metrology, Inspection, Lithography, Software, Spare Parts

ONTO EPS (Earnings per Share)

EPS Growth (3Y CAGR): -17.66%
EPS Trend (3Y Correlation): 13.5%

ONTO Revenue

Revenue Growth (3Y CAGR): -5.28%
Revenue Trend (3Y Correlation): 50.7%

Risk via 10d forecast
Volatility	58.9%
Value at Risk 5%th	87.2%
Relative Tail Risk	-9.93%

Reward TTM
Sharpe Ratio	-0.07
Alpha	-52.41

Character TTM
Hurst Exponent	0.400
Beta	2.198
Beta Downside	1.841

Drawdowns 3y
Max DD	62.82%
Mean DD	19.75%
Median DD	10.54%

Description: ONTO Onto Innovation November 05, 2025

Onto Innovation (NYSE: ONTO) designs, manufactures, and supports optical metrology and inspection tools for semiconductor and advanced-packaging producers, offering lithography systems, defect-inspection equipment, thin-film measurement instruments, and a suite of process-control software that spans standalone tools to factory-wide analytics.

Key operating metrics show the company generated ≈ $1.2 billion in revenue for FY 2023, a 10 % year-over-year increase, with a gross margin of roughly 44 % and an operating cash flow of $210 million, reflecting a solid conversion of sales into cash despite a capital-intensive product mix.

Onto’s growth is tightly linked to macro-level semiconductor equipment spending, which the SEMI forecast projects to rise ~7 % CAGR through 2027, driven by AI-centric chips, 5G infrastructure, and automotive electrification-all of which elevate demand for high-precision metrology and yield-management solutions.

The firm’s backlog sits near $1.5 billion, indicating a multi-quarter order pipeline, while R&D intensity remains around 12 % of revenue, underscoring continued investment in next-generation inspection and lithography capabilities.

For a deeper quantitative comparison of Onto Innovation’s valuation metrics, you might find the ValueRay platform’s side-by-side analysis useful.

ONTO Stock Overview

Market Cap in USD	6,817m
Sub-Industry	Semiconductor Materials & Equipment
IPO / Inception	1992-02-26
Return 12m vs S&P 500	-32.3%
Analyst Rating	4.11 of 5

ONTO Dividends

Currently no dividends paid

ONTO Growth Ratios

CAGR 3y	17.24%
CAGR/Max DD Calmar Ratio	0.27
CAGR/Mean DD Pain Ratio	0.87
Current Volume	774.8k
Average Volume	883.3k

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (175.0m TTM) > 0 and > 6% of Revenue (6% = 60.1m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA -2.48pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 137.9% (prev 139.4%; Δ -1.49pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 205.9m > Net Income 175.0m (YES >=105%, WARN >=100%)

Net Debt (-983.9m) to EBITDA (225.4m) ratio: -4.37 <= 3.0 (WARN <= 3.5)

Current Ratio 9.49 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (49.1m) change vs 12m ago -1.18% (target <= -2.0% for YES)

Gross Margin 50.72% (prev 52.10%; Δ -1.38pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 47.06% (prev 45.44%; Δ 1.61pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -7.53 (EBITDA TTM 225.4m / Interest Expense TTM -22.8m) >= 6 (WARN >= 3)

Altman Z'' 17.07

(A) 0.63 = (Total Current Assets 1.54b - Total Current Liabilities 162.9m) / Total Assets 2.19b

(B) 0.30 = Retained Earnings (Balance) 664.5m / Total Assets 2.19b

(D) 10.85 = Book Value of Equity 2.00b / Total Liabilities 184.5m

Total Rating: 17.07 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 57.37

1. Piotroski 4.0pt = -1.0

2. FCF Yield 3.07% = 1.53

3. FCF Margin 17.89% = 4.47

4. Debt/Equity 0.01 = 2.50

5. Debt/Ebitda -4.37 = 2.50

6. ROIC - WACC (= -6.29)% = -7.86

7. RoE 8.96% = 0.75

8. Rev. Trend 50.70% = 3.80

9. EPS Trend 13.52% = 0.68

What is the price of ONTO shares?

As of November 15, 2025, the stock is trading at USD 127.92 with a total of 774,800 shares traded.
Over the past week, the price has changed by -8.03%, over one month by -1.89%, over three months by +16.26% and over the past year by -22.36%.

Is Onto Innovation a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Onto Innovation is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 57.37 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ONTO is around 118.52 USD . This means that ONTO is currently overvalued and has a potential downside of -7.35%.

Is ONTO a buy, sell or hold?

Onto Innovation has received a consensus analysts rating of 4.11. Therefore, it is recommended to buy ONTO.

Strong Buy: 4
Buy: 2
Hold: 3
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the ONTO price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	156.1	22.1%
Analysts Target Price	156.1	22.1%
ValueRay Target Price	138.8	8.5%

ONTO Fundamental Data Overview November 11, 2025

Market Cap USD = 6.82b (6.82b USD * 1.0 USD.USD)
P/E Trailing = 39.1803
P/E Forward = 22.8311
P/S = 6.8011
P/B = 3.4902
P/EG = 0.7604
Beta = 1.477
Revenue TTM = 1.00b USD
EBIT TTM = 171.8m USD
EBITDA TTM = 225.4m USD
Long Term Debt = 15.2m USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = 5.42m USD (from shortTermDebt, last fiscal year)
Debt = 15.2m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -983.9m USD (from netDebt column, last quarter)
Enterprise Value = 5.85b USD (6.82b + Debt 15.2m - CCE 983.9m)
Interest Coverage Ratio = -7.53 (Ebit TTM 171.8m / Interest Expense TTM -22.8m)
FCF Yield = 3.07% (FCF TTM 179.3m / Enterprise Value 5.85b)
FCF Margin = 17.89% (FCF TTM 179.3m / Revenue TTM 1.00b)
Net Margin = 17.46% (Net Income TTM 175.0m / Revenue TTM 1.00b)
Gross Margin = 50.72% ((Revenue TTM 1.00b - Cost of Revenue TTM 493.9m) / Revenue TTM)
Gross Margin QoQ = 50.70% (prev 48.16%)
Tobins Q-Ratio = 2.67 (Enterprise Value 5.85b / Total Assets 2.19b)
Interest Expense / Debt = 20.89% (Interest Expense 3.17m / Debt 15.2m)
Taxrate = 11.74% (3.75m / 32.0m)
NOPAT = 151.7m (EBIT 171.8m * (1 - 11.74%))
Current Ratio = 9.49 (Total Current Assets 1.54b / Total Current Liabilities 162.9m)
Debt / Equity = 0.01 (Debt 15.2m / totalStockholderEquity, last quarter 2.00b)
Debt / EBITDA = -4.37 (Net Debt -983.9m / EBITDA 225.4m)
Debt / FCF = -5.49 (Net Debt -983.9m / FCF TTM 179.3m)
Total Stockholder Equity = 1.95b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.01% (Net Income 175.0m / Total Assets 2.19b)
RoE = 8.96% (Net Income TTM 175.0m / Total Stockholder Equity 1.95b)
RoCE = 8.73% (EBIT 171.8m / Capital Employed (Equity 1.95b + L.T.Debt 15.2m))
RoIC = 7.83% (NOPAT 151.7m / Invested Capital 1.94b)
WACC = 14.12% (E(6.82b)/V(6.83b) * Re(14.11%) + D(15.2m)/V(6.83b) * Rd(20.89%) * (1-Tc(0.12)))
Discount Rate = 14.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.46%
[DCF Debug] Terminal Value 64.19% ; FCFE base≈196.2m ; Y1≈242.0m ; Y5≈412.9m
Fair Price DCF = 62.91 (DCF Value 3.08b / Shares Outstanding 49.0m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 13.52 | EPS CAGR: -17.66% | SUE: 0.58 | # QB: 0
Revenue Correlation: 50.70 | Revenue CAGR: -5.28% | SUE: -0.45 | # QB: 0

Additional Sources for ONTO Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle