Financials ON Semiconductor Corporation

Equities

ON

US6821891057

Semiconductors

Market Closed - Nasdaq 04:00:00 2024-05-13 pm EDT 5-day change 1st Jan Change
72.33 USD +2.65% Intraday chart for ON Semiconductor Corporation +3.82% -13.41%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,013 13,459 29,262 26,970 35,976 30,314 - -
Enterprise Value (EV) 1 12,732 15,870 30,984 27,245 36,830 29,926 28,865 27,538
P/E ratio 47.8 x 58.4 x 29.9 x 14.7 x 17.1 x 18.9 x 16.1 x 12.6 x
Yield - - - - - - - -
Capitalization / Revenue 1.81 x 2.56 x 4.34 x 3.24 x 4.36 x 4.2 x 3.82 x 3.42 x
EV / Revenue 2.31 x 3.02 x 4.6 x 3.27 x 4.46 x 4.14 x 3.64 x 3.11 x
EV / EBITDA 10.1 x 15.2 x 15.7 x 8.15 x 11.4 x 11.6 x 9.47 x 7.54 x
EV / FCF 79.5 x 31.7 x 23.2 x 16.7 x 91.6 x 18.1 x 17.3 x 14.9 x
FCF Yield 1.26% 3.16% 4.32% 5.98% 1.09% 5.52% 5.78% 6.72%
Price to Book 3.02 x 3.81 x 6.41 x 4.35 x 4.62 x 3.41 x 2.91 x 2.49 x
Nbr of stocks (in thousands) 410,722 411,224 430,834 432,424 430,698 430,232 - -
Reference price 2 24.38 32.73 67.92 62.37 83.53 72.33 72.33 72.33
Announcement Date 2/3/20 2/1/21 2/7/22 2/6/23 2/5/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,518 5,255 6,740 8,326 8,253 7,224 7,929 8,860
EBITDA 1 1,256 1,041 1,976 3,344 3,218 2,577 3,048 3,651
EBIT 1 778.6 536.5 1,478 2,873 2,665 2,025 2,435 2,929
Operating Margin 14.11% 10.21% 21.93% 34.51% 32.29% 28.04% 30.71% 33.06%
Earnings before Tax (EBT) 1 276.6 176.6 1,158 2,362 2,536 2,022 2,356 2,954
Net income 1 211.7 234.2 1,010 1,902 2,184 1,672 1,964 2,470
Net margin 3.84% 4.46% 14.98% 22.85% 26.46% 23.15% 24.77% 27.87%
EPS 2 0.5100 0.5600 2.270 4.240 4.890 3.820 4.503 5.752
Free Cash Flow 1 160.1 500.7 1,337 1,628 401.9 1,653 1,669 1,850
FCF margin 2.9% 9.53% 19.84% 19.55% 4.87% 22.89% 21.05% 20.88%
FCF Conversion (EBITDA) 12.74% 48.08% 67.68% 48.69% 12.49% 64.16% 54.77% 50.67%
FCF Conversion (Net income) 75.63% 213.79% 132.47% 85.59% 18.4% 98.87% 84.99% 74.91%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/3/20 2/1/21 2/7/22 2/6/23 2/5/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,846 1,945 2,085 2,193 2,104 1,960 2,094 2,181 2,018 1,863 1,731 1,782 1,841 1,847 1,928
EBITDA 1 643.9 777.8 835.9 894.8 835.2 759.4 822.9 851.9 783.7 681.6 608.2 640.5 680.1 686.9 739
EBIT 1 528.1 658.5 719.4 777.1 718.1 630.8 687.5 709.9 637 540.8 463.1 491.6 526.6 536.9 584.2
Operating Margin 28.61% 33.86% 34.5% 35.44% 34.14% 32.19% 32.83% 32.55% 31.56% 29.03% 26.76% 27.59% 28.6% 29.07% 30.29%
Earnings before Tax (EBT) 1 466.2 628.1 564 406.8 763.3 545.9 681.5 697.5 610.9 538.2 450.2 489.8 523.9 467 490.6
Net income 1 425.9 530.2 455.8 311.9 604.3 461.7 576.6 582.7 562.7 453 380.4 403.2 429.5 425 458.8
Net margin 23.07% 27.26% 21.86% 14.23% 28.73% 23.56% 27.53% 26.72% 27.88% 24.32% 21.98% 22.63% 23.32% 23.02% 23.79%
EPS 2 0.9600 1.180 1.020 0.7000 1.350 1.030 1.290 1.290 1.280 1.040 0.8736 0.9261 0.9844 0.9786 1.061
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 2/7/22 5/2/22 8/1/22 10/31/22 2/6/23 5/1/23 7/31/23 10/30/23 2/5/24 4/29/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,718 2,411 1,722 275 854 - - -
Net Cash position 1 - - - - - 389 1,449 2,776
Leverage (Debt/EBITDA) 2.163 x 2.315 x 0.8715 x 0.0821 x 0.2653 x - - -
Free Cash Flow 1 160 501 1,337 1,628 402 1,653 1,669 1,850
ROE (net income / shareholders' equity) 18.9% 6.85% 31.6% 43.6% 29.6% 20% 20.6% 22.3%
ROA (Net income/ Total Assets) 2.64% 2.74% 14.1% 21.7% 17% 12.5% 13.9% 15.6%
Assets 1 8,007 8,545 7,184 8,752 12,823 13,403 14,163 15,812
Book Value Per Share 2 8.080 8.590 10.60 14.30 18.10 21.20 24.90 29.10
Cash Flow per Share 2 1.670 2.110 4.020 5.870 4.430 5.840 6.380 7.240
Capex 1 535 384 445 1,005 1,576 920 1,001 1,064
Capex / Sales 9.69% 7.3% 6.6% 12.07% 19.09% 12.74% 12.62% 12.01%
Announcement Date 2/3/20 2/1/21 2/7/22 2/6/23 2/5/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
31
Last Close Price
72.33 USD
Average target price
83.19 USD
Spread / Average Target
+15.02%
Consensus
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