Onto Innovation Profitability Analysis

ONTO Stock  USD 81.96  0.00  0.00%   
For Onto Innovation profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Onto Innovation to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Onto Innovation utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Onto Innovation's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Onto Innovation over time as well as its relative position and ranking within its peers. Please check Your Equity Center.
  
As of 6th of February 2023, Price to Sales Ratio is likely to drop to 3.55. In addition to that, Return on Sales is likely to drop to -0.0024. Onto Innovation Consolidated Income is very stable at the moment as compared to the past year. Onto Innovation reported last year Consolidated Income of 2.2 Million. As of 6th of February 2023, Net Income is likely to grow to about 2 M, while Accumulated Other Comprehensive Income is likely to drop (580.7 K).

Onto Innovation Revenues

277.99 Million

Is Onto Innovation'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 Onto Innovation. If investors know Onto Innovation 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
0.438
Market Capitalization
4.3 B
Quarterly Revenue Growth
0.268
Return On Assets
0.0848
Return On Equity
0.1385
The market value of Onto Innovation is measured differently than its book value, which is the value of Onto Innovation 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 Onto Innovation value 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.

Onto Innovation Price to Earning vs. Cash Flow from Operations Fundamental Analysis

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.
Onto Innovation is considered to be number one stock in cash flow from operations category among related companies. It is considered to be number one stock in price to earning category among related companies . The ratio of Cash Flow from Operations to Price to Earning for Onto Innovation is about  5,087,983 . Onto Innovation Price to Earnings Ratio are very stable at the moment as compared to the past year. Onto Innovation reported last year Price to Earnings Ratio of 700.35. As of 6th of February 2023, Earnings Before Interest Taxes and Depreciation Amortization EBITDA is likely to grow to about 12.5 M, while Earnings before Tax are likely to drop (704.6 K).. Comparative valuation analysis is a catch-all model that can be used if you cannot value Onto Innovation by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Onto Innovation's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 Price to Earning vs. Cash Flow from Operations

Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
Onto Innovation 
Operating Cash Flow 
 = 
EBITDA 
-  
Taxes 
175.28 M
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Onto Innovation 
P/E 
 = 
Market Value Per Share 
Earnings Per Share 
34.45 X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

Onto Innovation Price to Earning Comparison

Onto Innovation is currently under evaluation in price to earning category among related companies.

Onto Innovation Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Onto Innovation, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Onto Innovation will eventually generate negative long term returns. The profitability progress is the general direction of Onto Innovation's change in net profit over the period of time. It can combine multiple indicators of Onto Innovation, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for 2023
Accumulated Other Comprehensive Income-538.2 K-580.7 K
Consolidated Income2.2 M2.3 M
Net Income1.9 MM
Net Income Common Stock2.2 M2.3 M
Operating Income-5 M-5.2 M
Income Tax Expense-2.9 M-3 M
Net Income Per Employee1.4 K1.5 K

Onto Innovation Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Onto Innovation. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Onto Innovation position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Onto Innovation's important profitability drivers and their relationship over time.

Onto Innovation Profitability Trends

Onto Innovation profitability trend refers to the progression of profit or loss within a business. An upward trend means that Onto Innovation's profit has generally increased over time, and a downward profitability trend means profits are declining. Recognizing problems early in profitability trends allows investors to address revenue and cost issues in advance. Investors and analysts usually monitor three types of profitability trends: gross, operating, and net. Gross profit is the difference between revenue and costs of goods sold. Operating profit is Onto Innovation's gross profit minus its overhead. After you account for other unusual revenue, expenses, and costs, you get net profit. Gross profit trends are often a good indicator of future profitability. If you have high gross profit margins, you have a better chance to cover overhead and make money.

Onto Innovation Profitability Drivers Correlations

One of the toughest challenges investors face today is learning how to quickly synthesize and read into endless financial statements and information provided by the company, SEC reporting, and various external parties. Understanding the correlation between Onto Innovation different financial indicators related to revenue and profit generation helps investors identify and prioritize their investing strategies towards Onto Innovation in a much-optimized way. Analyzing correlations between profit drivers that are directly associated with dollar figures is the most effective way to break down Onto Innovation's future profitability.

Use Onto Innovation in pair-trading

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.

Onto Innovation Pair Trading

Onto Innovation Pair Trading Analysis

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 equities. 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Onto Innovation position

In addition to having Onto Innovation in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Data Storage
Data Storage Theme
Companies making data storages or providing data storage services. The Data Storage theme has 0 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Data Storage Theme or any other thematic opportunities.
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To fully project Onto Innovation's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Onto Innovation at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Onto Innovation's income statement, its balance sheet, and the statement of cash flows.
Potential Onto Innovation investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Onto Innovation investors may work on each financial statement separately, they are all related. The changes in Onto Innovation's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Onto Innovation's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.