ON

ON Semiconductor

$76.94

+1.75% Oct 21 close

Information TechnologyS&P 500 Compare

1M 3M 6M 1Y 2Y

ONSPY

+4.9%

+7.3%

-16.7%

-13.5%

YTD

+42.1%

+39.7%

Live chart

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What they do

ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching.

Technology · Semiconductors

For information only · Important disclosures

Grades vs sector

Momentum

64th percentile in sector

B-

12-1 return: +53.5%
Percentile within its GICS sector across the S&P 1500.

Growth

27th percentile in sector

D+

Revenue growth (YoY): +9.2%
Percentile within its GICS sector across the S&P 1500.

Value

65th percentile in sector

Forward E/P: 6.3% · EBITDA/EV: 7.2%
Percentile within its GICS sector across the S&P 1500.

Profitability

40th percentile in sector

Profit margin: +10.2% · Return on equity: +8.3%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

Outside this model's universe or screens

Momentum Top 15

ranked 63 of 499 · 12-month momentum 50.2%

Momentum Blend

Not in the current book

New Highs Growth

Outside this model's universe or screens

Coteau Long Book

Not in the current book

News

More news

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Key stats

52-week range$44.90 – $133.93

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Leans expensive

Model read-out from the numbers below, not advice. Score -2 (DCF counts double).

▼DCF (base case)below the price by 75%

•Piotroski F-score4/9

▲Net debt / EBITDA0.4x

Discounted cash flow

CyclicalValued on average-cycle margins

Bear

$12

-84%

growth -10% · disc. 10.2% · term. 2.0%

Base

$19

-75%

growth -5% · disc. 9.2% · term. 2.5%

Bull

$29

-62%

growth -2% · disc. 8.2% · term. 3.0%

Starting cash flow is mid-cycle: 13.3% average margin × current revenue = 0.8B (last 12 months: 1.5B at a 24% margin). On trailing cash flow the base case would be $37.

Reverse DCFfor context, not a signal

Not enough data to run a reverse DCF.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-07-03). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)

sector median 35.9×

–

Forward P/E

sector median 16.9×

–

EV / EBITDA

sector median 20.8×

–

Price / sales

sector median 4.6×

–

Price / book

sector median 5.1×

–

FCF yield

sector median 3.5%

–

Backlog (remaining performance obligations)

RPO

$6.1B

as of 2026-07-03

vs a year ago

-36%

YoY

× TTM revenue

0.98×

coverage

24-09

24-12

25-04

25-07

25-10

25-12

26-04

26-07

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

37.7%

Operating margin

10.8%

FCF margin

24.2%

Net margin

10.2%

Return on equity

8.7%

Return on invested capital

5.6%

Net debt / EBITDA

0.4×

Current ratio

3.5×

Interest cover

10.9×

Cash conversion (OCF/NI)

2.7×

Piotroski F-score 4/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

No analyst targets available.

Annual history

FY	Revenue	Net income	Free cash flow
2025	$6.0B	$121.0M	$1.4B
2024	$7.1B	$1.6B	$1.2B
2023	$8.3B	$2.2B	$438.4M
2022	$8.3B	$1.9B	$1.6B
2021	$6.7B	$1.0B	$1.3B
2020	$5.3B	$234.2M	$500.7M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR -10.4%.

Earnings

Next report: 2026-11-02 · during market · EPS est 0.88

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-03	0.72	0.74	+3.5%
2026-05-04	0.62	0.64	+4.1%
2026-02-09	0.62	0.64	+2.5%
2025-11-03	0.59	0.63	+6.6%
2025-08-04	0.53	0.53	-0.4%
2025-05-05	0.50	0.55	+9.6%
2025-02-10	0.97	0.95	-2.4%
2024-10-28	0.97	0.99	+2.4%

Insider trades

Gopalswamy Sudhir

Group President, AMG & ISG · 2026-10-01

SELL
$1.2M

None

None · None

SELL
–

Stats refreshed 2026-10-21 18:18:52 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

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Beta 0.9 · Oct 21, 2026

ON