A Business at a Glance
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ON Semiconductor Corporation, together with its wholly and majority-owned subsidiaries, which operate under the onsemiTM brand ("onsemi," "we," "us," "our," or the "Company"), was incorporated under the laws of the State of Delaware in 1992. We offer intelligent power and intelligent sensing solutions that drive electrification, energy efficiency, safety, and automation in automotive, industrial, and other end-markets, including AI data center. Our intelligent power technologies enable the electrification of drivetrain in the automotive industry to allow for lighter and longer-range electric vehicles and empower efficient fast-charging systems. Our intelligent sensing technologies enable advanced safety applications in automotive through industry leading performance and reliability.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.0B | 6.0B | 7.1B | 8.3B | 8.3B | 6.7B |
| Net Income | 121M | 121M | 1.6B | 2.2B | 1.9B | 1.0B |
| EPS | $0.29 | $0.29 | $3.63 | $4.89 | $4.25 | $2.27 |
| Free Cash Flow | 1.4B | 1.4B | 1.2B | 438M | 1.6B | 1.3B |
| ROIC | 0.9% | 0.9% | 16.6% | 25.3% | 53.5% | 22.6% |
| Gross Margin | 33.1% | 33.1% | 45.4% | 47.1% | 49.0% | 40.3% |
| Debt/Equity | 0.39 | 0.39 | 0.38 | 0.43 | 0.52 | 0.67 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 84M | 84M | 1.8B | 2.5B | 2.4B | 1.3B |
| Operating Margin | 1.4% | 1.4% | 25.0% | 30.8% | 28.3% | 19.1% |
| ROE | 1.6% | 1.5% | 17.9% | 28.1% | 30.7% | 22.0% |
| Shares Outstanding | 417M | 417M | 433M | 447M | 448M | 445M |
ON SEMICONDUCTOR CORP passes 6 of 9 quality checks, suggesting mixed fundamentals.
ON SEMICONDUCTOR CORP trades at 60.7x trailing earnings, compared to its 15-year median P/E of 18.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 15.1x vs a median of 19.6x. The company's 5-year average ROIC is 23.8% with a gross margin of 43.0%. Total shareholder yield (buybacks) is 4.6%. At current prices, the estimated annualized return to fair value is +17.9%.
ON SEMICONDUCTOR CORP (ON) has a current P/E ratio of 60.7, compared to its historical median P/E of 18.2. The stock is currently considered Expensive based on its historical valuation range.
ON SEMICONDUCTOR CORP (ON) has a 5-year average return on invested capital (ROIC) of 23.8%. This indicates strong capital allocation and a potential competitive advantage.
ON SEMICONDUCTOR CORP (ON) has a market capitalization of $29.6B. It is classified as a large-cap stock.
ON SEMICONDUCTOR CORP (ON) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.65%.
Based on historical P/E analysis, ON SEMICONDUCTOR CORP (ON) appears expensive. The current P/E of 60.7 is 234% above its historical median of 18.2. The estimated fair value CAGR (P/E method) is 28.3%.
ON SEMICONDUCTOR CORP (ON) operates in the Semiconductors & Related Devices industry, within the Technology sector.
ON SEMICONDUCTOR CORP (ON) reported annual revenue of $6.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
ON SEMICONDUCTOR CORP (ON) has a net profit margin of 2.0%. This is a modest margin.
ON SEMICONDUCTOR CORP (ON) generated $1.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ON SEMICONDUCTOR CORP (ON) has a debt-to-equity ratio of 0.39. This indicates a conservatively financed balance sheet.
ON SEMICONDUCTOR CORP (ON) reported earnings per share (EPS) of $0.29 in its most recent fiscal year.
ON SEMICONDUCTOR CORP (ON) has a return on equity (ROE) of 1.5%. This indicates moderate shareholder returns.
ON SEMICONDUCTOR CORP (ON) has a 5-year average gross margin of 43.0%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for ON SEMICONDUCTOR CORP (ON), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ON SEMICONDUCTOR CORP (ON) has a book value per share of $18.39, based on its most recent annual SEC filing.