Onto Innovation Stock Current Valuation
| ONTO Stock | USD 161.04 1.86 1.14% |
Valuation analysis of Onto Innovation helps investors to measure Onto Innovation's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of the 28th of November 2024, Enterprise Value Over EBITDA is likely to grow to 15.82. Also, Enterprise Value Multiple is likely to grow to 15.82. Fundamental drivers impacting Onto Innovation's valuation include:
Price Book 4.2268 | Enterprise Value 7.1 B | Enterprise Value Ebitda 30.0599 | Price Sales 8.5391 | Forward PE 24.3902 |
Overvalued
Today
Please note that Onto Innovation's price fluctuation is very steady at this time. Calculation of the real value of Onto Innovation is based on 3 months time horizon. Increasing Onto Innovation's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Onto Innovation is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Onto Stock. However, Onto Innovation's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 161.04 | Real 144.51 | Target 153.75 | Hype 160.33 |
The intrinsic value of Onto Innovation's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Onto Innovation's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Onto Innovation helps investors to forecast how Onto stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Onto Innovation more accurately as focusing exclusively on Onto Innovation's fundamentals will not take into account other important factors: Onto Innovation Company Current Valuation Analysis
Onto Innovation's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Onto Innovation Current Valuation | 7.11 B |
Most of Onto Innovation's fundamental indicators, such as Current Valuation, 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 Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Onto Innovation is extremely important. It helps to project a fair market value of Onto Stock properly, considering its historical fundamentals such as Current Valuation. Since Onto Innovation's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Onto Innovation's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Onto Innovation's interrelated accounts and indicators.
Click cells to compare fundamentals
Onto Current Valuation 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 current valuation 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 current valuation as a starting point in their analysis.
Onto Innovation Current Valuation |
| Timeline |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Onto Innovation has a Current Valuation of 7.11 B. This is 63.16% lower than that of the Semiconductors & Semiconductor Equipment sector and 22.75% lower than that of the Information Technology industry. The current valuation for all United States stocks is 57.2% higher than that of the company.
Onto Current Valuation 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 Current Valuation 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 current valuation 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 | 97.93 % | ||||
| Number Of Shares Shorted | 1.02 M | ||||
| Price To Earning | 34.45 X | ||||
| Price To Book | 4.23 X | ||||
| Price To Sales | 8.54 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 | 3.66 X | ||||
| Price To Earnings To Growth | 0.81 X | ||||
| Target Price | 255.12 | ||||
| Number Of Employees | 1.5 K | ||||
| Beta | 1.37 | ||||
| Market Capitalization | 8.05 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.
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
| 0.7 | EBON | Ebang International | PairCorr |
| 0.65 | KSCP | Knightscope | PairCorr |
| 0.63 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.55 | NTGR | NETGEAR | PairCorr |
| 0.44 | CSCO | Cisco Systems Aggressive Push | PairCorr |
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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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 3.66 | 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.