Financials ON Semiconductor Corporation

Equities

ON

US6821891057

Semiconductors

Market Closed - Nasdaq 21:00:00 26/04/2024 BST 5-day change 1st Jan Change
68.06 USD +2.53% Intraday chart for ON Semiconductor Corporation +12.11% -18.52%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,013 13,459 29,262 26,970 35,976 29,255 - -
Enterprise Value (EV) 1 12,732 15,870 30,984 27,245 36,830 28,821 27,294 26,333
P/E ratio 47.8 x 58.4 x 29.9 x 14.7 x 17.1 x 16.6 x 13.9 x 11.1 x
Yield - - - - - - - -
Capitalization / Revenue 1.81 x 2.56 x 4.34 x 3.24 x 4.36 x 3.91 x 3.55 x 3.21 x
EV / Revenue 2.31 x 3.02 x 4.6 x 3.27 x 4.46 x 3.85 x 3.31 x 2.89 x
EV / EBITDA 10.1 x 15.2 x 15.7 x 8.15 x 11.4 x 10.7 x 8.4 x 7.01 x
EV / FCF 79.5 x 31.7 x 23.2 x 16.7 x 91.6 x 17.4 x 14.5 x 13.1 x
FCF Yield 1.26% 3.16% 4.32% 5.98% 1.09% 5.74% 6.92% 7.65%
Price to Book 3.02 x 3.81 x 6.41 x 4.35 x 4.62 x 3.21 x 2.76 x 2.4 x
Nbr of stocks (in thousands) 410,722 411,224 430,834 432,424 430,698 429,846 - -
Reference price 2 24.38 32.73 67.92 62.37 83.53 68.06 68.06 68.06
Announcement Date 03/02/20 01/02/21 07/02/22 06/02/23 05/02/24 - - -
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 7,490 8,234 9,100
EBITDA 1 1,256 1,041 1,976 3,344 3,218 2,702 3,251 3,758
EBIT 1 778.6 536.5 1,478 2,873 2,665 2,157 2,593 3,023
Operating Margin 14.11% 10.21% 21.93% 34.51% 32.29% 28.79% 31.49% 33.21%
Earnings before Tax (EBT) 1 276.6 176.6 1,158 2,362 2,536 2,129 2,531 3,094
Net income 1 211.7 234.2 1,010 1,902 2,184 1,778 2,123 2,577
Net margin 3.84% 4.46% 14.98% 22.85% 26.46% 23.74% 25.78% 28.32%
EPS 2 0.5100 0.5600 2.270 4.240 4.890 4.112 4.900 6.147
Free Cash Flow 1 160.1 500.7 1,337 1,628 401.9 1,655 1,888 2,014
FCF margin 2.9% 9.53% 19.84% 19.55% 4.87% 22.1% 22.92% 22.13%
FCF Conversion (EBITDA) 12.74% 48.08% 67.68% 48.69% 12.49% 61.24% 58.07% 53.59%
FCF Conversion (Net income) 75.63% 213.79% 132.47% 85.59% 18.4% 93.07% 88.93% 78.14%
Dividend per Share 2 - - - - - - - -
Announcement Date 03/02/20 01/02/21 07/02/22 06/02/23 05/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 1,742 1,846 1,945 2,085 2,193 2,104 1,960 2,094 2,181 2,018 1,850 1,825 1,885 1,936 1,935
EBITDA 1 552.3 643.9 777.8 835.9 894.8 835.2 759.4 822.9 851.9 783.7 675.1 655.3 695.6 738.1 749.4
EBIT 1 427.1 528.1 658.5 719.4 777.1 718.1 630.8 687.5 709.9 637 528.7 507.6 543.3 576.5 586
Operating Margin 24.52% 28.61% 33.86% 34.5% 35.44% 34.14% 32.19% 32.83% 32.55% 31.56% 28.57% 27.81% 28.83% 29.79% 30.28%
Earnings before Tax (EBT) 1 372.2 466.2 628.1 564 406.8 763.3 545.9 681.5 697.5 610.9 515 528.5 556.7 562.5 383.6
Net income 1 309.7 425.9 530.2 455.8 311.9 604.3 461.7 576.6 582.7 562.7 435.8 428.1 457.2 479 457.3
Net margin 17.78% 23.07% 27.26% 21.86% 14.23% 28.73% 23.56% 27.53% 26.72% 27.88% 23.55% 23.45% 24.26% 24.75% 23.63%
EPS 2 0.7000 0.9600 1.180 1.020 0.7000 1.350 1.030 1.290 1.290 1.280 0.9957 0.9820 1.054 1.098 1.052
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 01/11/21 07/02/22 02/05/22 01/08/22 31/10/22 06/02/23 01/05/23 31/07/23 30/10/23 05/02/24 - - - - -
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 - - - - - 434 1,961 2,922
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 1,655 1,888 2,014
ROE (net income / shareholders' equity) 18.9% 6.85% 31.6% 43.6% 29.6% 21.7% 24.2% 31%
ROA (Net income/ Total Assets) 2.64% 2.74% 14.1% 21.7% 17% 13.6% 15.1% 18.1%
Assets 1 8,007 8,545 7,184 8,752 12,823 13,039 14,060 14,238
Book Value Per Share 2 8.080 8.590 10.60 14.30 18.10 21.20 24.70 28.40
Cash Flow per Share 2 1.670 2.110 4.020 5.870 4.430 6.380 6.660 7.700
Capex 1 535 384 445 1,005 1,576 1,061 1,045 1,157
Capex / Sales 9.69% 7.3% 6.6% 12.07% 19.09% 14.17% 12.69% 12.71%
Announcement Date 03/02/20 01/02/21 07/02/22 06/02/23 05/02/24 - - -
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
32
Last Close Price
68.06 USD
Average target price
86.04 USD
Spread / Average Target
+26.42%
Consensus
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