Onto Innovation Stock Fundamentals
| ONTO Stock | USD 161.04 1.86 1.14% |
Onto Innovation fundamentals help investors to digest information that contributes to Onto Innovation's financial success or failures. It also enables traders to predict the movement of Onto Stock. The fundamental analysis module provides a way to measure Onto Innovation's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Onto Innovation stock.
At this time, Onto Innovation's Operating Income is very stable compared to the past year. As of the 29th of November 2024, EBIT is likely to grow to about 121.9 M, while Selling And Marketing Expenses is likely to drop about 33.6 M. Onto | Select Account or Indicator |
Onto Innovation Company Return On Equity Analysis
Onto Innovation's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Onto Innovation Return On Equity | 0.1 |
Most of Onto Innovation's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Onto Innovation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Onto Return On Equity Historical Pattern
Today, most investors in Onto Innovation Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Onto Innovation's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's return on equity growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Onto Innovation return on equity as a starting point in their analysis.
Onto Innovation Return On Equity |
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Onto Total Stockholder Equity
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Based on the latest financial disclosure, Onto Innovation has a Return On Equity of 0.1018. This is 100.85% lower than that of the Semiconductors & Semiconductor Equipment sector and 101.6% lower than that of the Information Technology industry. The return on equity for all United States stocks is 132.84% lower than that of the firm.
Onto Innovation Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Onto Innovation's current stock value. Our valuation model uses many indicators to compare Onto Innovation value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Onto Innovation competition to find correlations between indicators driving Onto Innovation's intrinsic value. More Info.Onto Innovation is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.54 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Onto Innovation is roughly 1.85 . At this time, Onto Innovation's Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Onto Innovation's earnings, one of the primary drivers of an investment's value.Onto Innovation's Earnings Breakdown by Geography
Onto Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Onto Innovation's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Onto Innovation could also be used in its relative valuation, which is a method of valuing Onto Innovation by comparing valuation metrics of similar companies.Onto Innovation is currently under evaluation in return on equity category among its peers.
Onto Innovation ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Onto Innovation's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Onto Innovation's managers, analysts, and investors.Environmental | Governance | Social |
Onto Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | 0.055 | ||||
| Profit Margin | 0.19 % | ||||
| Operating Margin | 0.21 % | ||||
| Current Valuation | 7.11 B | ||||
| Shares Outstanding | 49.39 M | ||||
| Shares Owned By Insiders | 0.70 % | ||||
| Shares Owned By Institutions | 97.94 % | ||||
| Number Of Shares Shorted | 1.02 M | ||||
| Price To Earning | 34.45 X | ||||
| Price To Book | 4.18 X | ||||
| Price To Sales | 8.44 X | ||||
| Revenue | 815.87 M | ||||
| Gross Profit | 539.22 M | ||||
| EBITDA | 183.29 M | ||||
| Net Income | 121.16 M | ||||
| Cash And Equivalents | 545 M | ||||
| Cash Per Share | 10.97 X | ||||
| Total Debt | 19.52 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 6.14 X | ||||
| Book Value Per Share | 38.54 X | ||||
| Cash Flow From Operations | 171.97 M | ||||
| Short Ratio | 1.14 X | ||||
| Earnings Per Share | 3.70 X | ||||
| Price To Earnings To Growth | 0.80 X | ||||
| Target Price | 255.12 | ||||
| Number Of Employees | 1.5 K | ||||
| Beta | 1.37 | ||||
| Market Capitalization | 7.95 B | ||||
| Total Asset | 1.91 B | ||||
| Retained Earnings | 482.36 M | ||||
| Working Capital | 1.14 B | ||||
| Current Asset | 87.36 M | ||||
| Current Liabilities | 17.22 M | ||||
| Net Asset | 1.91 B |
About Onto Innovation Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Onto Innovation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Onto Innovation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Onto Innovation based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 24.8 M | 13.1 M | |
| Total Revenue | 815.9 M | 856.7 M | |
| Cost Of Revenue | 395.6 M | 415.4 M | |
| Stock Based Compensation To Revenue | 0.03 | 0.03 | |
| Sales General And Administrative To Revenue | 0.08 | 0.14 | |
| Research And Ddevelopement To Revenue | 0.10 | 0.14 | |
| Capex To Revenue | 0.02 | 0.02 | |
| Revenue Per Share | 18.30 | 19.22 | |
| Ebit Per Revenue | 0.21 | 0.22 |
Pair Trading with Onto Innovation
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Onto Innovation position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Onto Innovation will appreciate offsetting losses from the drop in the long position's value.Moving together with Onto Stock
Moving against Onto Stock
The ability to find closely correlated positions to Onto Innovation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onto Innovation when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Onto Innovation - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Onto Innovation to buy it.
The correlation of Onto Innovation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Onto Innovation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onto Innovation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Onto Innovation can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Onto Innovation Piotroski F Score and Onto Innovation Altman Z Score analysis. To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Onto Innovation. If investors know Onto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Onto Innovation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.466 | Earnings Share 3.7 | Revenue Per Share 19.124 | Quarterly Revenue Growth 0.217 | Return On Assets 0.055 |
The market value of Onto Innovation is measured differently than its book value, which is the value of Onto that is recorded on the company's balance sheet. Investors also form their own opinion of Onto Innovation's value that differs from its market value or its book value, called intrinsic value, which is Onto Innovation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Onto Innovation's market value can be influenced by many factors that don't directly affect Onto Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Onto Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Onto Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onto Innovation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.