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): -2.76%
EPS Trend (3Y Correlation): 34.5%

ONTO Revenue

Revenue Growth (3Y CAGR): -0.09%
Revenue Trend (3Y Correlation): 47.3%

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	6,614m
Sub-Industry	Semiconductor Materials & Equipment
IPO / Inception	1992-02-26

ONTO Stock Ratings

Growth Rating	17.0%
Fundamental	65.4%
Dividend Rating	-
Return 12m vs S&P 500	-30.8%
Analyst Rating	4.11 of 5

ONTO Dividends

Currently no dividends paid

ONTO Growth Ratios

Growth Correlation 3m	77.3%
Growth Correlation 12m	-59.2%
Growth Correlation 5y	80%
CAGR 5y	18.16%
CAGR/Max DD 3y (Calmar Ratio)	0.29
CAGR/Mean DD 3y (Pain Ratio)	0.92
Sharpe Ratio 12m	-0.14
Alpha	-45.89
Beta	1.604
Volatility	54.21%
Current Volume	2196.2k
Average Volume 20d	987.8k
Stop Loss	131.3 (-5.6%)
Signal	-0.01

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (199.9m TTM) > 0 and > 6% of Revenue (6% = 62.2m TTM)

FCFTA 0.11 (>2.0%) and ΔFCFTA 2.00pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 129.2% (prev 137.8%; Δ -8.68pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.13 (>3.0%) and CFO 273.2m > Net Income 199.9m (YES >=105%, WARN >=100%)

Net Debt (-204.1m) to EBITDA (253.4m) ratio: -0.81 <= 3.0 (WARN <= 3.5)

Current Ratio 9.59 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (49.0m) change vs 12m ago -1.32% (target <= -2.0% for YES)

Gross Margin 51.54% (prev 51.42%; Δ 0.12pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 50.00% (prev 44.74%; Δ 5.26pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -7.43 (EBITDA TTM 253.4m / Interest Expense TTM -26.5m) >= 6 (WARN >= 3)

Altman Z'' 9.97

(A) 0.63 = (Total Current Assets 1.49b - Total Current Liabilities 155.8m) / Total Assets 2.14b

(B) 0.33 = Retained Earnings (Balance) 705.0m / Total Assets 2.14b

(D) 3.96 = Book Value of Equity 700.3m / Total Liabilities 177.0m

Total Rating: 9.97 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 65.44

1. Piotroski 5.50pt = 0.50

2. FCF Yield 4.16% = 2.08

3. FCF Margin 23.01% = 5.75

4. Debt/Equity 0.01 = 2.50

5. Debt/Ebitda -0.81 = 2.50

6. ROIC - WACC (= -3.22)% = -4.03

7. RoE 10.37% = 0.86

8. Rev. Trend 47.31% = 3.55

9. EPS Trend 34.47% = 1.72

What is the price of ONTO shares?

As of November 08, 2025, the stock is trading at USD 139.09 with a total of 2,196,200 shares traded.
Over the past week, the price has changed by +3.06%, over one month by +2.95%, over three months by +50.08% and over the past year by -21.10%.

Is Onto Innovation a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Onto Innovation (NYSE:ONTO) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 65.44 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ONTO is around 132.00 USD . This means that ONTO is currently overvalued and has a potential downside of -5.1%.

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	149.4	7.4%
Analysts Target Price	149.4	7.4%
ValueRay Target Price	151.7	9.1%

ONTO Fundamental Data Overview November 04, 2025

Market Cap USD = 6.61b (6.61b USD * 1.0 USD.USD)
P/E Trailing = 33.4059
P/E Forward = 22.8311
P/S = 6.3815
P/B = 3.4902
P/EG = 0.7604
Beta = 1.604
Revenue TTM = 1.04b USD
EBIT TTM = 197.1m USD
EBITDA TTM = 253.4m USD
Long Term Debt = 13.4m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 5.25m USD (from shortTermDebt, last quarter)
Debt = 13.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -204.1m USD (from netDebt column, last quarter)
Enterprise Value = 5.73b USD (6.61b + Debt 13.4m - CCE 894.9m)
Interest Coverage Ratio = -7.43 (Ebit TTM 197.1m / Interest Expense TTM -26.5m)
FCF Yield = 4.16% (FCF TTM 238.5m / Enterprise Value 5.73b)
FCF Margin = 23.01% (FCF TTM 238.5m / Revenue TTM 1.04b)
Net Margin = 19.29% (Net Income TTM 199.9m / Revenue TTM 1.04b)
Gross Margin = 51.54% ((Revenue TTM 1.04b - Cost of Revenue TTM 502.2m) / Revenue TTM)
Gross Margin QoQ = 48.16% (prev 53.72%)
Tobins Q-Ratio = 2.68 (Enterprise Value 5.73b / Total Assets 2.14b)
Interest Expense / Debt = 23.62% (Interest Expense 3.17m / Debt 13.4m)
Taxrate = 14.67% (5.83m / 39.7m)
NOPAT = 168.2m (EBIT 197.1m * (1 - 14.67%))
Current Ratio = 9.59 (Total Current Assets 1.49b / Total Current Liabilities 155.8m)
Debt / Equity = 0.01 (Debt 13.4m / totalStockholderEquity, last quarter 1.96b)
Debt / EBITDA = -0.81 (Net Debt -204.1m / EBITDA 253.4m)
Debt / FCF = -0.86 (Net Debt -204.1m / FCF TTM 238.5m)
Total Stockholder Equity = 1.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.34% (Net Income 199.9m / Total Assets 2.14b)
RoE = 10.37% (Net Income TTM 199.9m / Total Stockholder Equity 1.93b)
RoCE = 10.15% (EBIT 197.1m / Capital Employed (Equity 1.93b + L.T.Debt 13.4m))
RoIC = 8.72% (NOPAT 168.2m / Invested Capital 1.93b)
WACC = 11.95% (E(6.61b)/V(6.63b) * Re(11.93%) + D(13.4m)/V(6.63b) * Rd(23.62%) * (1-Tc(0.15)))
Discount Rate = 11.93% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.55%
[DCF Debug] Terminal Value 69.85% ; FCFE base≈216.4m ; Y1≈267.0m ; Y5≈455.5m
Fair Price DCF = 87.37 (DCF Value 4.28b / Shares Outstanding 49.0m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 34.47 | EPS CAGR: -2.76% | SUE: -0.53 | # QB: 0
Revenue Correlation: 47.31 | Revenue CAGR: -0.09% | SUE: 0.39 | # QB: 0

Additional Sources for ONTO Stock

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