ONTO Valuation

Onto Innovation Inc

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100.490

-1.35(-1.326%)1D

Overview
Forecast
Valuation
Earnings

ONTO Relative Valuation

ONTO's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ONTO is overvalued; if below, it's undervalued.

Historical Valuation

Onto Innovation Inc (ONTO) is now in the Undervalued zone, suggesting that its current forward PE ratio of 20.40 is considered Undervalued compared with the five-year average of 22.75. The fair price of Onto Innovation Inc (ONTO) is between 104.82 to 166.44 according to relative valuation methord. Compared to the current price of 100.49 USD , Onto Innovation Inc is Undervalued By 4.13%.

Relative Value

Fair Zone

104.82-166.44

Current Price：100.49

4.13%

Undervalued

20.40

Trailing

Forward

15.12

EV/EBITDA

Onto Innovation Inc. (ONTO) has a current EV/EBITDA of 15.12. The 5-year average EV/EBITDA is 17.53. The thresholds are as follows: Strongly Undervalued below 3.82, Undervalued between 3.82 and 10.67, Fairly Valued between 24.38 and 10.67, Overvalued between 24.38 and 31.23, and Strongly Overvalued above 31.23. The current Forward EV/EBITDA of 15.12 falls within the Historic Trend Line -Fairly Valued range.

16.09

EV/EBIT

Onto Innovation Inc. (ONTO) has a current EV/EBIT of 16.09. The 5-year average EV/EBIT is 18.42. The thresholds are as follows: Strongly Undervalued below 3.47, Undervalued between 3.47 and 10.95, Fairly Valued between 25.90 and 10.95, Overvalued between 25.90 and 33.37, and Strongly Overvalued above 33.37. The current Forward EV/EBIT of 16.09 falls within the Historic Trend Line -Fairly Valued range.

4.89

Onto Innovation Inc. (ONTO) has a current PS of 4.89. The 5-year average PS is 5.65. The thresholds are as follows: Strongly Undervalued below 1.12, Undervalued between 1.12 and 3.39, Fairly Valued between 7.92 and 3.39, Overvalued between 7.92 and 10.18, and Strongly Overvalued above 10.18. The current Forward PS of 4.89 falls within the Historic Trend Line -Fairly Valued range.

17.22

P/OCF

Onto Innovation Inc. (ONTO) has a current P/OCF of 17.22. The 5-year average P/OCF is 14.01. The thresholds are as follows: Strongly Undervalued below -17.61, Undervalued between -17.61 and -1.80, Fairly Valued between 29.82 and -1.80, Overvalued between 29.82 and 45.63, and Strongly Overvalued above 45.63. The current Forward P/OCF of 17.22 falls within the Historic Trend Line -Fairly Valued range.

19.22

P/FCF

Onto Innovation Inc. (ONTO) has a current P/FCF of 19.22. The 5-year average P/FCF is 12.14. The thresholds are as follows: Strongly Undervalued below -18.33, Undervalued between -18.33 and -3.09, Fairly Valued between 27.37 and -3.09, Overvalued between 27.37 and 42.61, and Strongly Overvalued above 42.61. The current Forward P/FCF of 19.22 falls within the Historic Trend Line -Fairly Valued range.

Onto Innovation Inc (ONTO) has a current Price-to-Book (P/B) ratio of 2.60. Compared to its 3-year average P/B ratio of 3.79 , the current P/B ratio is approximately -31.31% higher. Relative to its 5-year average P/B ratio of 3.23, the current P/B ratio is about -19.60% higher. Onto Innovation Inc (ONTO) has a Forward Free Cash Flow (FCF) yield of approximately 5.08%. Compared to its 3-year average FCF yield of 2.66%, the current FCF yield is approximately 91.30% lower. Relative to its 5-year average FCF yield of 3.08% , the current FCF yield is about 64.93% lower.

2.60

P/B

Median3y

3.79

Median5y

3.23

5.08

FCF Yield

Median3y

2.66

Median5y

3.08

Competitors Valuation Multiple

The average P/S ratio for ONTO's competitors is 4.08, providing a benchmark for relative valuation. Onto Innovation Inc Corp (ONTO) exhibits a P/S ratio of 4.89, which is 19.79% above the industry average. Given its robust revenue growth of 16.50%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

ESCO Technologies Inc

Sensata Technologies Holding PLC

Performance Decomposition

Market capitalization of ONTO decreased by 46.76% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 20.47 to 24.04.

The secondary factor is the Revenue Growth, contributed 16.50%to the performance.

Overall, the performance of ONTO in the past 1 year is driven by Margin Expansion. Which is more sustainable.

16.50%

228.85M → 266.61M

Revenue Growth

17.44%

20.47 → 24.04

Margin Expansion

-80.70%

119.83 → 23.13

P/E Change

-46.76%