ON
ON Semiconductor
$131.55
▲ 8.2%Updated Today 7:15 PM ET
▲ Up 132.7% over the last 12 months
Market Cap
$47.66B
P/E
84.25x
Forward P/E (est.)
86.76x
ROE
7.4%
Revenue Growth
-9.0%
EPS Growth
-2.9%
Profit Margin
9.5%
FCF Yield
5.3%
Debt / Equity
0.39x
ROIC
1.0%
Interest Coverage
1.13x
Current Ratio
4.87x
Dividend Yield
—
Implied Growth (rev. DCF)
5.8%
Rating Score
29/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what ON's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. ON trades near $131.55, above its 50-day average ($105.60) and 200-day average ($68.51). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 51 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. ON's is $9.10 (~6.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month ON found buyers near $107.04 (support) and sellers near $134.92 (resistance); its 52-week range is $44.56–$134.92. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.6× the 20-day average — heavier than usual, which adds conviction to the move. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
ON Semiconductor (ON) is a large-cap company in the Semiconductors industry, part of the Information Technology sector of the S&P 500, with a market value around $47.66B.
In its latest reported year it generated about $6.00B in revenue and $121.00M in net profit.
Our model rates ON Weak (29/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
-2.9%
Revenue moved from $6.74B in 2021 to $6.00B in 2025, a -2.9% compound annual growth rate. The most recent year declined 9.0% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?
Gross Margin
33.1%
Operating Margin
1.4%
Net Margin
2.0%
ROE
7.4%
ON Semiconductor keeps about 9.5% of each sales dollar as net profit, with a 33.1% gross margin and 1.4% operating margin. Return on equity is 7.4% and return on invested capital about 1.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$3.00B
Net Debt
$1.00B
Net Debt / EBITDA
11.89x
Debt / Equity
0.39x
Leverage: debt-to-equity is 0.4x, and operating profit covers interest about 1.1x, with a current ratio of 4.9x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $3.00B of total debt against $2.00B of cash.
Operating CF
$1.76B
Free Cash Flow
$1.42B
FCF Margin
23.7%
In the latest year ON Semiconductor produced about $1.76B of operating cash flow and $1.42B of free cash flow after capital spending. That is a free-cash-flow yield of about 5.3% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
84.25x
P/S
7.84x
P/B
2.92x
EV / EBITDA
61.47x
ON trades at 84.3x trailing earnings (about 86.8x on estimated forward earnings), 7.8x sales, and 2.9x book value. Reverse-engineering today's price implies the market expects roughly 5.8% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How ON stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.
In the Information Technology sector (72 S&P 500 companies), ON ranks #71 of 72 by our overall rating. It trades at a premium versus the sector on earnings (84.3x P/E vs. 35.6x median) with a lower return on equity (7.4% vs. 25.6%) and slower revenue growth (-9.0% vs. 17.4%).
P/E vs sector
84.3x
median 35.6x
ROE vs sector
7.4%
median 25.6%
Growth vs sector
-9.0%
median 17.4%
Sector rank
#71
of 72 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Information Technology companies by sub-industry and size. Sector median is across all 72 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$26.60 – $44.69
vs. $131.55 today · expected CAGR -27% – -19%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $6.18B | $6.36B | $6.55B | $6.75B | $6.95B |
| Net income | $185.26M | $190.82M | $196.54M | $202.44M | $208.51M |
| EPS | $0.47 | $0.49 | $0.50 | $0.52 | $0.53 |
| Share price (low) | $23.64 | $24.34 | $25.08 | $25.83 | $26.60 |
| Share price (high) | $39.71 | $40.90 | $42.13 | $43.39 | $44.69 |
| CAGR (low–high) | -82% / -70% | -57% / -44% | -42% / -32% | -33% / -24% | -27% / -19% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for ON:
- Healthy free-cash-flow yield (~5.3%) funds buybacks and dividends.
- A conservative balance sheet (debt/equity 0.4x) lowers risk.
The case against ON:
- Revenue growth is slow/negative (-9.0%), limiting the upside engine.
- Interest coverage is thin (1.1x), so debt costs bite.
- A rich 84.3x earnings multiple prices in a lot of growth.
- Our model's overall read is Weak (29/100).
Valuation risk — at 84.3x earnings, disappointing results could compress the multiple.
Growth risk — sluggish revenue (-9.0%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen weakly: ON Semiconductor is a large-cap information technology business with shrinking revenue, with modest profitability, and a sound balance sheet. It trades at 84.3x earnings, which our model scores Weak (29/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.