Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and one of the largest suppliers of image sensors to the automotive market.
It is a $30.2B technology company. Revenue shrank 3.1% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~0.3 years of free cash flow. It trades at 47.9× earnings — in the most expensive third of its own history.
- Website
- onsemi.com
- Location
- Scottsdale, AZ
- Employees
- 22 670
- Sector
- Technology
- Founded
- 1972
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong quality; Valuation, Growth and Profitability lag behind.
Valuation32
- P/E vs own history81th pct · 0/25
- FCF yield5.0% · 12/25
- P/S4.9x · 20/25
- EV/EBITDA43.7x · 0/25
Growth25
- Revenue CAGR-2.9% · 0/25
- Net income CAGR-41.2% · 0/25
- EPS CAGR ~5Y-12.1% · 0/25
- Fwd implied growth172.0% · 25/25
Profitability49
- ROIC1.5% · 5/25
- ROE8.4% · 12/25
- Net margin10.2% · 20/25
- Operating margin10.8% · 12/25
Health70
- Altman Zn/a · 0/25
- Current ratio3.46 · 25/25
- Interest coverage30.8x · 25/25
- Net cash / debtD/A 3% · 20/25
Quality77
- Piotroski F5/9 · 15/25
- Beneish M-3.01 · 25/25
- FCF conversion238% · 25/25
- Margin stabilityσ 13.6% · 12/25
Moat63
- ROIC >12% years5/10 yrs · 13/25
- Median gross margin37.4% · 13/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 2.0% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2023FinancialBest year on record$2.18B net income
- 2023AcquisitionIt was announced the acquisition had been completed
- 2022AcquisitionIt was announced that BelGaN Group BV had completed the acquisition of all shares of ON…
- 2021MilestoneTo better reflect its broad technology portfolio, differentiated product lines
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$3.91B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- Oct 9, 2008AcquisitionCatalyst Semiconductor, Inc. announced the approval of the acquisition
- 2003AcquisitionCSC was headquartered in East Greenwich, Rhode Island, USA. * In 2003, onsemi acquired TESLA SEZAM (manufacturer of…
- 2000AcquisitionOnsemi completed the acquisition of Cherry Semiconductor Corp
- Apr 28, 2000IPOOnsemi launched its initial public offering (IPO)
- 1972FoundedCSC was founded in 1972 as Micro Components Corporation (MCC)
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strong cash conversion — FCF is 24.2% of revenue
- Interest covered 30.8× by operating earnings
Watch-outs
- Revenue shrinking 3.1% year over year
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-3.1% YoY
- Profitable — makes more than it spends$630M TTM
- Profit growing — earnings are higher than last year-58.9% YoY
- Generates cash — cash left after running and investing$1.50B TTM
- Debt under control — could handle its obligations~0.3y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$30.2B market cap
- Not printing shares — share count not ballooning — you keep your slice-1.7% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 50/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 47.9
Peer comparisonON Semiconductor Corp vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ON this company | $30.2B | 47.9 | -3.1% | 10.2% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: ON vs NVDA · ON vs AAPL · ON vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ON
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Deeper analysis of ON on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $77.60 · market cap $30.2B.