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ON Semiconductor Corporation
ON
65.50 (0.00%) 0.00
27.89(B)
Information Technology
Semiconductors and Semiconductor Equipment
ON Semiconductor Corporation provides intelligent sensing and power solutions in the United States and internationally. The company operates through Power Solutions Group Advanced Solutions Group and Intelligent Sensing Group. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles empowers fast-charging systems and propels sustainable energy for the solar strings industrial power and storage systems. In addition the company offers analog discrete module and integrated semiconductor products that perform multiple application functions includes power switching and conversion signal conditioning circuit protection signal amplification and voltage regulation functions. Further it designs and develops analog mixed-signal power management ICs and sensor interface devices for automotive industrial compute and mobile markets. Additionally the company offers single photon detectors including silicon photomultipliers and single photon avalanche diode arrays as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the different end-markets. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale Arizona.
Holdings:
Shares:
Cost basis:

ON Semiconductor Corporation (ON) price target and intrinsic value estimate

ON's fair price estimate is $102.7

This valuation is based on a fair P/E of 17.5 and EPS estimates of $5.87

The median analyst price target for ON is $87.0.

Analyst price targets range from $55.0 to $107.0

Is ON overvalued or undervalued?

ON is currently trading at $65.5

ON is undervalued by 36% using the pevaluation method.

ON is undervalued by 25% compared to median analyst price targets.

Do you agree with this valuation?

Valuation

PEvaluation

Low $77.0
Median $102.7
High $128.4
Fair P/E
Margin of safety

Analyst valuation

Low $55.0
Median $87.0
High $107.0
Strong Buy6
Buy14
Hold11
Sell1
Strong Sell1

Discounted cash-flow

TTM FCFFCF est.Growth FCFTerminal FCF
10%
5%
5y
10%
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: None/narrow
None/narrowMediumWideVery wide

Overview

Market data

Market cap:$27.89(B)
Enterprise value:$28.51(B)
Total Equity:$8.60(B)
Shares outstanding:425.80(M)
Div. yield:0.00%
P/S:3.80
P/E:15.98
P/FCF:27.87
P/B:3.25
EPS:$4.1
FCF per share:$2.4
Dividend per share:$0.0

Income (TTM)

RevenueGrossNet
Revenue$7.38(B)
Gross profit$3.38(B)
EBITDA$2.72(B)
Net income$1.76(B)
Gross margin45.8%
Net margin23.8%

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$13.92(B)
Total liabilities$5.32(B)
Cash & Short-term inv.$2.77(B)
Long-term debt$2.55(B)
Debt issued$0
Debt repaid$-126.40(M)

Cash flow (TTM)

CFOCFICFF
FCF$998.30(M)
CapEx$-939.60(M)
Dividends paid$0
Stock issued$25.50(M)
Stock repurchased$-802.90(M)
Stock-based comp.$128.70(M)

Future Growth

Revenue

CAGR: 11.6%
FY+1$7.12(B)
FY+2$7.44(B)
FY+3$8.37(B)
FY+4$9.51(B)
FY+5$11.06(B)

Net Income

CAGR: 20.5%
FY+1$1.72(B)
FY+2$1.84(B)
FY+3$2.31(B)
FY+4$2.78(B)
FY+5$3.63(B)

EPS

CAGR: 22.6%
FY+1$4.00
FY+2$4.32
FY+3$5.52
FY+4$6.83
FY+5$9.03

FCF per share

CAGR: 14.5%
FY+1$4.59
FY+2$5.63
FY+3$6.33
FY+4$6.89

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Historical Financials

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