On Semiconductor Stock Beta
| ON Stock | USD 62.93 1.54 2.39% |
ON Semiconductor fundamentals help investors to digest information that contributes to ON Semiconductor's financial success or failures. It also enables traders to predict the movement of ON Semiconductor Stock. The fundamental analysis module provides a way to measure ON Semiconductor'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 ON Semiconductor stock.
ON Semiconductor | Beta |
ON Semiconductor Company Beta Analysis
ON Semiconductor's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current ON Semiconductor Beta | 1.79 |
Most of ON Semiconductor's fundamental indicators, such as Beta, 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, ON Semiconductor is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ON Semiconductor Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for ON Semiconductor is extremely important. It helps to project a fair market value of ON Semiconductor Stock properly, considering its historical fundamentals such as Beta. Since ON Semiconductor'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 ON Semiconductor'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 ON Semiconductor's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, ON Semiconductor has a Beta of 1.79. This is 68.87% higher than that of the Semiconductors & Semiconductor Equipment sector and 64.22% higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
ON Semiconductor Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ON Semiconductor's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ON Semiconductor could also be used in its relative valuation, which is a method of valuing ON Semiconductor by comparing valuation metrics of similar companies.ON Semiconductor is currently under evaluation in beta category among related companies.
ON Semiconductor 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, ON Semiconductor's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to ON Semiconductor's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
ON Semiconductor Institutional Holders
Institutional Holdings refers to the ownership stake in ON Semiconductor that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ON Semiconductor's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ON Semiconductor's value.| Shares | Artisan Partners Limited Partnership | 3131-12-31 | 7.4 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 7.2 M | Ing Investment Management Llc | 2023-12-31 | 6.2 M | Bank Of America Corp | 2023-12-31 | 5.6 M | Wellington Management Company Llp | 2023-12-31 | 5.5 M | Ameriprise Financial Inc | 2023-12-31 | 5.4 M | Norges Bank | 2023-12-31 | 5 M | Barclays Plc | 2023-12-31 | 4.1 M | Capital Research & Mgmt Co - Division 3 | 2023-12-31 | 4.1 M | Fmr Inc | 2023-12-31 | 57.1 M | Vanguard Group Inc | 2023-12-31 | 50.3 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ON Semiconductor will likely underperform.
ON Semiconductor Fundamentals
| Return On Equity | 0.31 | ||||
| Return On Asset | 0.13 | ||||
| Profit Margin | 0.26 % | ||||
| Operating Margin | 0.31 % | ||||
| Current Valuation | 28.82 B | ||||
| Shares Outstanding | 429.85 M | ||||
| Shares Owned By Insiders | 0.34 % | ||||
| Shares Owned By Institutions | 99.66 % | ||||
| Number Of Shares Shorted | 22.61 M | ||||
| Price To Earning | 18.40 X | ||||
| Price To Book | 3.68 X | ||||
| Price To Sales | 3.47 X | ||||
| Revenue | 8.25 B | ||||
| Gross Profit | 4.08 B | ||||
| EBITDA | 2.54 B | ||||
| Net Income | 2.19 B | ||||
| Cash And Equivalents | 2.48 B | ||||
| Cash Per Share | 5.74 X | ||||
| Total Debt | 3.36 B | ||||
| Debt To Equity | 0.61 % | ||||
| Current Ratio | 3.02 X | ||||
| Book Value Per Share | 18.25 X | ||||
| Cash Flow From Operations | 1.98 B | ||||
| Short Ratio | 3.51 X | ||||
| Earnings Per Share | 4.89 X | ||||
| Price To Earnings To Growth | 1.29 X | ||||
| Target Price | 87.64 | ||||
| Number Of Employees | 30 K | ||||
| Beta | 1.79 | ||||
| Market Capitalization | 27.82 B | ||||
| Total Asset | 13.22 B | ||||
| Retained Earnings | 6.55 B | ||||
| Working Capital | 3.73 B | ||||
| Current Asset | 515.1 M | ||||
| Current Liabilities | 310.8 M | ||||
| Net Asset | 13.22 B |
About ON Semiconductor Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ON Semiconductor's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ON Semiconductor using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ON Semiconductor 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.
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Try AI Portfolio ArchitectCheck out ON Semiconductor Piotroski F Score and ON Semiconductor Altman Z Score analysis. To learn how to invest in ON Semiconductor Stock, please use our How to Invest in ON Semiconductor guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for ON Semiconductor Stock analysis
When running ON Semiconductor's price analysis, check to measure ON Semiconductor's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ON Semiconductor is operating at the current time. Most of ON Semiconductor's value examination focuses on studying past and present price action to predict the probability of ON Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ON Semiconductor's price. Additionally, you may evaluate how the addition of ON Semiconductor to your portfolios can decrease your overall portfolio volatility.
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Is ON Semiconductor's industry 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 ON Semiconductor. If investors know ON Semiconductor 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 ON Semiconductor 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 (0.05) | Earnings Share 4.89 | Revenue Per Share 19.162 | Quarterly Revenue Growth (0.04) | Return On Assets 0.1294 |
The market value of ON Semiconductor is measured differently than its book value, which is the value of ON Semiconductor that is recorded on the company's balance sheet. Investors also form their own opinion of ON Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is ON Semiconductor'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 ON Semiconductor's market value can be influenced by many factors that don't directly affect ON Semiconductor'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 ON Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if ON Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ON Semiconductor'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.