Onto Innovation Earnings Per Share vs. Market Capitalization
| ONTO Stock | USD 176.10 5.33 3.12% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.39 | 0.48 |
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| Net Profit Margin | 0.21 | 0.2 |
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| Return On Assets | 0.12 | 0.11 |
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| Return On Equity | 0.17 | 0.16 |
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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.
Onto |
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 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 (0.54) | Earnings Share 2.47 | Revenue Per Share 16.66 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0392 |
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.
Onto Innovation Market Capitalization vs. Earnings Per Share 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 rated below average in earnings per share category among related companies. It is regarded fifth in market capitalization category among related companies creating about 3,507,883,634 of Market Capitalization per Earnings Per Share. At this time, Onto Innovation's Market Cap is very stable compared to the past year.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 Market Capitalization vs. Earnings Per Share
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Onto Innovation |
| = | 2.47 X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Onto Innovation |
| = | 8.66 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Onto Market Capitalization vs Competition
Onto Innovation is regarded fifth in market capitalization category among related companies. Market capitalization of Information Technology industry is now estimated at about 671.75 Billion. Onto Innovation claims roughly 8.66 Billion in market capitalization contributing just under 2% to equities under Information Technology industry.
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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -7.9 M | -7.5 M | |
| Operating Income | 126.7 M | 133 M | |
| Income Before Tax | 132.6 M | 139.2 M | |
| Total Other Income Expense Net | 5.9 M | 6.2 M | |
| Net Income | 121.2 M | 127.2 M | |
| Income Tax Expense | 11.4 M | 12 M | |
| Net Income From Continuing Ops | 157.1 M | 164.9 M | |
| Net Income Applicable To Common Shares | 256.8 M | 269.7 M | |
| Net Interest Income | 16.4 M | 17.2 M | |
| Interest Income | 16.4 M | 17.2 M | |
| Non Operating Income Net Other | -126.9 K | -133.2 K | |
| Change To Netincome | -8.8 M | -8.3 M | |
| Net Income Per Share | 4.07 | 4.27 | |
| Income Quality | 0.55 | 1.02 | |
| Net Income Per E B T | 1.06 | 0.95 |
Onto 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.
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 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.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.Did You Try This Idea?
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Companies that are involved with the development and processing of raw materials such as silver or forestry. The Raw Materials theme has 15 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 Raw Materials Theme or any other thematic opportunities.
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Check out Your Equity Center. To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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When running Onto Innovation's price analysis, check to measure Onto Innovation'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 Onto Innovation is operating at the current time. Most of Onto Innovation's value examination focuses on studying past and present price action to predict the probability of Onto Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onto Innovation's price. Additionally, you may evaluate how the addition of Onto Innovation to your portfolios can decrease your overall portfolio volatility.
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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.