(ONTO) Onto Innovation - NYSE
Sector: Technology | Industry: Semiconductor Equipment & Materials | Exchange: NYSE (USA) | Market Cap: 16.111m USD | Total Return: 227.6% in 12m
Avg Turnover: 305M
EPS Trend: 64.0%
Qual. Beats: 0
Rev. Trend: 86.6%
Qual. Beats: 0
Warnings
P/E ratio 149.9
Extended 1w
Tailwinds
Rs Leader, Tailwind, Confidence
Onto Innovation Inc. designs and manufactures process control tools, including metrology systems, macro-defect inspection, and lithography equipment. The company serves a global customer base across the semiconductor value chain, providing hardware and analytical software for integrated circuit fabrication, advanced packaging, and data storage applications.
The semiconductor equipment sector is currently driven by the increasing complexity of 3D logic and memory architectures, which requires more frequent and precise metrology steps during production. Onto Innovation’s business model relies on a mix of high-margin capital equipment sales and recurring revenue from software licensing, spare parts, and system maintenance services.
For a deeper dive into these financial metrics and valuation trends, consider reviewing the comprehensive data available on ValueRay.
- Advanced packaging demand for AI chips drives high-value metrology system sales
- Expansion of Dragon lithography platform increases revenue from high-bandwidth memory manufacturers
- Chinese semiconductor self-sufficiency efforts boost regional equipment orders and revenue
- Shift toward gate-all-around transistor architecture accelerates adoption of optical metrology tools
- Global semiconductor capital expenditure cycles dictate long-term equipment order backlog growth
| Net Income: 106.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -1.73 > 1.0 |
| NWC/Revenue: 107.2% < 20% (prev 126.3%; Δ -19.07% < -1%) |
| CFO/TA 0.11 > 3% & CFO 262.7m > Net Income 106.4m |
| Net Debt (-636.7m) to EBITDA (207.9m): -3.06 < 3 |
| Current Ratio: 6.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (50.0m) vs 12m ago 1.21% < -2% |
| Gross Margin: 48.80% > 18% (prev 52.70%; Δ -3.90% > 0.5%) |
| Asset Turnover: 45.69% > 50% (prev 48.47%; Δ -2.78% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.46 (Total Current Assets 1.32b - Total Current Liabilities 214.4m) / Total Assets 2.40b |
| B: 0.32 (Retained Earnings 777.5m / Total Assets 2.40b) |
| C: 0.06 (EBIT TTM 128.0m / Avg Total Assets 2.26b) |
| D: 8.07 (Book Value of Equity 2.13b / Total Liabilities 264.2m) |
| Altman-Z'' = 12.94 = AAA |
| DSRI: 1.05 (Receivables 306.6m/291.6m, Revenue 1.03b/1.03b) |
| GMI: 1.08 (GM 52.70% / 48.80%) |
| AQI: 1.66 (AQ_t 0.40 / AQ_t-1 0.24) |
| SGI: 1.01 (Revenue 1.03b / 1.03b) |
| TATA: -0.07 (NI 106.4m - CFO 262.7m) / TA 2.40b) |
| Beneish M = -2.52 (Cap -4..+1) = A |
As of June 15, 2026, the stock is trading at USD 323.88 with a total of 1,806,943 shares traded.
Over the past week, the price has changed by +27.89%,
over one month by +16.81%,
over three months by +66.40% and
over the past year by +227.58%.
Onto Innovation has received a consensus analysts rating of 4.11. Therefore, it is recommended to buy ONTO.
- StrongBuy: 4
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 351.9 | 8.6% |
P/E Trailing = 149.9444
P/E Forward = 45.2489
P/S = 15.6325
P/B = 7.5561
P/EG = 1.5068
Revenue TTM = 1.03b USD
EBIT TTM = 128.0m USD
EBITDA TTM = 207.9m USD
Long Term Debt = unknown (none)
Short Term Debt = 6.22m USD (from shortTermDebt, last fiscal year)
Debt = 17.5m USD (from shortLongTermDebtTotal, last fiscal year) (leases 17.5m already included)
Net Debt = -636.7m USD (calculated: Debt 17.5m - CCE 654.2m)
Enterprise Value = 15.5b USD (16.1b + Debt 17.5m - CCE 654.2m)
Interest Coverage Ratio = unknown (Ebit TTM 128.0m / Interest Expense TTM 0.0)
EV/FCF = 64.80x (Enterprise Value 15.5b / FCF TTM 238.8m)
FCF Yield = 1.54% (FCF TTM 238.8m / Enterprise Value 15.5b)
FCF Margin = 23.17% (FCF TTM 238.8m / Revenue TTM 1.03b)
Net Margin = 10.33% (Net Income TTM 106.4m / Revenue TTM 1.03b)
Gross Margin = 48.80% ((Revenue TTM 1.03b - Cost of Revenue TTM 527.7m) / Revenue TTM)
Gross Margin QoQ = 50.14% (prev 46.39%)
Tobins Q-Ratio = 6.46 (Enterprise Value 15.5b / Total Assets 2.40b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 17.5m)
Taxrate = 17.70% (22.9m / 129.3m)
NOPAT = 105.4m (EBIT 128.0m * (1 - 17.70%))
Current Ratio = 6.15 (Total Current Assets 1.32b / Total Current Liabilities 214.4m)
Debt / Equity = 0.01 (Debt 17.5m / totalStockholderEquity, last quarter 2.13b)
Debt / EBITDA = -3.06 (Net Debt -636.7m / EBITDA 207.9m)
Debt / FCF = -2.67 (Net Debt -636.7m / FCF TTM 238.8m)
Total Stockholder Equity = 2.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.72% (Net Income 106.4m / Total Assets 2.40b)
RoE = 5.19% (Net Income TTM 106.4m / Total Stockholder Equity 2.05b)
RoCE = 5.87% (EBIT 128.0m / Capital Employed (Total Assets 2.40b - Current Liab 214.4m))
RoIC = 4.93% (NOPAT 105.4m / Invested Capital 2.14b)
WACC = 13.45% (E(16.1b)/V(16.1b) * Re(13.46%) + D(17.5m)/V(16.1b) * Rd(0.0%) * (1-Tc(0.18)))
Discount Rate = 13.46% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -20.87 | Cagr: 0.90%
[DCF] Terminal Value 59.11% ; FCFF base≈242.2m ; Y1≈236.2m ; Y5≈235.9m
[DCF] Fair Price = 52.78 (EV 1.99b - Net Debt -636.7m = Equity 2.63b / Shares 49.7m; r=13.45% [WACC]; 5y FCF grow -3.47% → 2.50% )
EPS Correlation: 63.95 | EPS CAGR: 7.28% | SUE: 0.0 | # QB: 0
Revenue Correlation: 86.56 | Revenue CAGR: 8.65% | SUE: -0.02 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.69 | Chg30d=+0.36% | Revisions=+64% | Analysts=8
EPS next Quarter (2026-09-30): EPS=1.92 | Chg30d=+0.58% | Revisions=+45% | Analysts=8
EPS current Year (2026-12-31): EPS=7.16 | Chg30d=+1.25% | Revisions=+64% | GrowthEPS=+45.0% | GrowthRev=+33.4%
EPS next Year (2027-12-31): EPS=9.66 | Chg30d=+5.46% | Revisions=+64% | GrowthEPS=+34.9% | GrowthRev=+21.5%
[Analyst] Revisions Ratio: +64%