ON - ON Semiconductor Corporation
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$58.33
DETAILS
HIGH:
$64.00
LOW:
$51.00
MEDIAN:
$60.00
CONSENSUS:
$58.33
DOWNSIDE:
3.32%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 7,082.3 | 8,253.0 | 8,326.2 | 6,739.8 | 5,255.0 | 5,517.9 | 5,878.3 | 5,543.1 | 3,906.9 | 3,495.8 |
| Cost of Revenue | 3,866.2 | 4,369.5 | 4,249.0 | 4,025.5 | 3,539.2 | 3,544.3 | 3,639.6 | 3,507.5 | 2,606.4 | 2,302.6 |
| Gross Profit | 3,216.1 | 3,883.5 | 4,077.2 | 2,714.3 | 1,715.8 | 1,973.6 | 2,238.7 | 2,035.6 | 1,300.5 | 1,193.2 |
| Operating Expenses | ||||||||||
| R&D Expenses | 612.7 | 577.3 | 600.2 | 655.0 | 642.9 | 640.9 | 650.7 | 594.7 | 446.8 | 396.7 |
| SG&A Expenses | 649.8 | 641.5 | 631.1 | 598.4 | 537.4 | 585.0 | 618.0 | 601.6 | 466.7 | 386.6 |
| Other Expenses | 185.9 | 126.0 | 485.9 | 173.3 | 186.8 | 115.2 | 111.7 | 123.8 | 104.8 | 135.7 |
| Operating Expenses | 1,448.4 | 1,344.8 | 1,717.2 | 1,426.7 | 1,367.1 | 1,341.1 | 1,380.4 | 1,320.1 | 1,018.3 | 919.0 |
| Operating Income | ||||||||||
| Operating Income | 1,767.7 | 2,538.7 | 2,360.0 | 1,287.6 | 348.7 | 632.5 | 858.3 | 715.5 | 282.2 | 274.2 |
| Interest Expense | 62.3 | 74.8 | 94.9 | 130.4 | 168.4 | 148.3 | 128.2 | 141.2 | 145.3 | 49.7 |
| Interest Income | 111.4 | 93.1 | 15.5 | 1.4 | 4.9 | 10.2 | 6.1 | 3.0 | 4.5 | 1.1 |
| Profitability | ||||||||||
| EBITDA | 2,542.6 | 3,220.1 | 3,008.9 | 1,884.9 | 970.1 | 1,018.0 | 1,391.9 | 1,170.6 | 690.0 | 627.1 |
| EBIT | 1,899.7 | 2,610.6 | 2,457.1 | 1,288.2 | 345.0 | 424.9 | 883.2 | 688.7 | 325.9 | 269.5 |
| Income Before Tax | 1,837.4 | 2,535.8 | 2,362.2 | 1,157.8 | 176.6 | 276.6 | 755.0 | 547.5 | 180.6 | 219.8 |
| Income Tax Expense | 262.8 | 350.2 | 458.4 | 146.6 | (59.8) | 62.7 | 125.1 | (265.5) | (3.9) | 10.8 |
| Net Income | 1,572.8 | 2,183.7 | 1,902.2 | 1,009.6 | 234.2 | 211.7 | 627.4 | 810.7 | 182.1 | 206.2 |
| Per Share Data | ||||||||||
| EPS (Basic) | 3.68 | 5.07 | 4.39 | 2.37 | 0.57 | 0.52 | 1.48 | 1.92 | 0.44 | 0.49 |
| EPS (Diluted) | 3.63 | 4.89 | 4.25 | 2.27 | 0.56 | 0.51 | 1.44 | 1.89 | 0.43 | 0.48 |
| Shares Outstanding | 427.4 | 430.7 | 433.2 | 425.7 | 410.7 | 410.9 | 423.8 | 421.9 | 415.2 | 421.2 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 2,691.3 | 2,483.0 | 2,919.0 | 1,352.6 | 1,080.7 | 894.2 | 1,069.6 | 949.2 | 1,028.1 | 617.6 |
| Short-Term Investments | 300.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 1,160.1 | 935.4 | 842.3 | 809.4 | 676.0 | 705.0 | 686.0 | 701.5 | 629.8 | 426.4 |
| Inventory | 2,242.0 | 2,111.8 | 1,616.8 | 1,379.5 | 1,251.4 | 1,232.4 | 1,225.2 | 1,089.5 | 1,030.2 | 750.4 |
| Other Current Assets | 358.6 | 382.1 | 351.3 | 240.1 | 176.0 | 188.4 | 187.0 | 193.0 | 181.0 | 97.1 |
| Total Current Assets | 6,752.0 | 5,912.3 | 5,729.4 | 3,781.6 | 3,184.1 | 3,020.0 | 3,167.8 | 2,933.2 | 2,869.1 | 1,891.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 4,401.9 | 4,443.9 | 3,496.5 | 2,546.6 | 2,512.3 | 2,591.6 | 2,549.6 | 2,279.1 | 2,159.1 | 1,274.1 |
| Goodwill | 1,587.9 | 1,577.6 | 1,577.6 | 1,937.5 | 1,663.4 | 1,659.2 | 932.5 | 916.9 | 930.1 | 270.6 |
| Intangible Assets | 257.9 | 299.3 | 359.7 | 484.1 | 469.0 | 590.5 | 566.4 | 628.3 | 762.1 | 325.8 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 360.2 | 381.3 | 438.6 | 498.3 | 410.2 | 256.4 | 105.1 | 98.5 | 70.5 | 63.1 |
| Total Non-Current Assets | 7,337.8 | 7,302.9 | 6,249.1 | 5,832.8 | 5,483.9 | 5,405.5 | 4,419.8 | 4,261.9 | 4,055.3 | 1,978.1 |
| Total Assets | 14,089.8 | 13,215.2 | 11,978.5 | 9,626.0 | 8,668.0 | 8,425.5 | 7,587.6 | 7,195.1 | 6,924.4 | 3,869.6 |
| Current Liabilities | ||||||||||
| Account Payables | 574.5 | 725.6 | 852.1 | 635.1 | 572.9 | 543.6 | 671.7 | 548.0 | 434.0 | 337.7 |
| Short-Term Debt | 0.0 | 794.0 | 147.8 | 160.7 | 531.6 | 736.0 | 138.5 | 248.1 | 553.8 | 543.4 |
| Deferred Revenue | 98.2 | 87.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 109.8 | 112.0 |
| Other Current Liabilities | 502.2 | 354.4 | 491.4 | 425.9 | 377.7 | 362.9 | 380.1 | 381.1 | 219.7 | 120.4 |
| Total Current Liabilities | 1,334.8 | 2,183.6 | 2,061.4 | 1,543.4 | 1,681.3 | 1,818.4 | 1,469.3 | 1,408.9 | 1,502.6 | 1,239.3 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,345.9 | 2,542.6 | 3,045.7 | 2,913.9 | 2,959.7 | 2,876.5 | 2,627.6 | 2,703.7 | 3,068.5 | 850.5 |
| Deferred Tax Liabilities | 37.6 | 38.7 | 34.1 | 43.2 | 57.3 | 60.2 | 54.8 | 55.1 | 288.9 | 0.0 |
| Other Non-Current Liabilities | 536.3 | 627.3 | 607.3 | 510.9 | 418.4 | 346.3 | 241.8 | 226.4 | 219.4 | 130.6 |
| Total Non-Current Liabilities | 3,940.5 | 3,231.0 | 3,710.1 | 3,478.2 | 3,435.4 | 3,283.0 | 2,924.2 | 2,985.2 | 3,576.8 | 998.4 |
| Total Liabilities | 5,275.3 | 5,414.6 | 5,771.5 | 5,021.6 | 5,109.9 | 5,101.4 | 4,393.5 | 4,394.1 | 5,079.4 | 2,237.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 6.2 | 6.2 | 6.1 | 6.0 | 5.7 | 5.7 | 5.6 | 5.5 | 5.4 | 5.3 |
| Retained Earnings | 8,120.9 | 6,548.1 | 4,364.4 | 2,435.1 | 1,425.5 | 1,191.3 | 979.6 | 351.5 | (527.3) | (709.4) |
| Accumulated Other Comprehensive Income | (62.4) | (45.2) | (23.2) | (40.6) | (57.6) | (54.3) | (37.9) | (40.6) | (50.2) | (42.3) |
| Total Stockholders' Equity | 8,796.4 | 7,782.6 | 6,188.5 | 4,585.4 | 3,538.5 | 3,301.7 | 3,171.6 | 2,778.8 | 1,823.2 | 1,608.2 |
| Total Liabilities & Equity | 14,089.8 | 13,215.2 | 11,978.5 | 9,626.0 | 8,668.0 | 8,425.5 | 7,587.6 | 7,195.1 | 6,924.4 | 3,869.6 |
| Debt Metrics | ||||||||||
| Total Debt | 3,366.9 | 3,359.8 | 3,230.7 | 3,097.5 | 3,491.3 | 3,612.5 | 2,766.1 | 2,951.8 | 3,622.3 | 1,393.9 |
| Net Debt | 675.6 | 876.8 | 311.7 | 1,744.9 | 2,410.6 | 2,718.3 | 1,696.5 | 2,002.6 | 2,594.2 | 776.3 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,574.6 | 2,185.6 | 1,903.8 | 1,011.2 | 236.4 | 213.9 | 629.9 | 813.0 | 184.5 | 209.0 |
| Depreciation & Amortization | 642.9 | 609.5 | 551.8 | 596.7 | 625.1 | 593.1 | 508.7 | 481.9 | 364.1 | 357.6 |
| Stock-Based Compensation | 136.1 | 121.1 | 100.8 | 101.3 | 67.7 | 79.4 | 78.3 | 69.8 | 56.1 | 46.9 |
| Change in Working Capital | (382.0) | (862.7) | (250.4) | (58.9) | 1.3 | (266.7) | (69.7) | (27.0) | 23.0 | (204.1) |
| Other Non-Cash Items | 64.4 | 51.7 | 324.0 | 69.3 | 76.4 | 63.8 | 57.8 | 104.8 | (8.5) | 70.4 |
| Operating Cash Flow | 1,906.4 | 1,977.5 | 2,633.1 | 1,782.0 | 884.3 | 694.7 | 1,274.2 | 1,094.2 | 581.2 | 470.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (694.0) | (1,539.1) | (1,036.0) | (492.0) | (483.6) | (634.6) | (514.8) | (387.5) | (212.9) | (272.2) |
| Acquisitions | (20.5) | (236.3) | 260.7 | (392.4) | 21.5 | (882.8) | (87.1) | 19.2 | (2,180.0) | (31.3) |
| Purchases of Investments | (1,050.0) | 0.0 | (18.0) | (48.9) | 0.0 | 0.0 | 0.0 | (1.6) | 0.0 | (0.8) |
| Sales/Maturities of Investments | 750.0 | 33.5 | 28.8 | 4.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.3 |
| Other Investing Activities | 4.7 | 4.0 | 59.1 | 14.0 | (91.5) | (93.5) | 53.0 | 5.1 | (43.5) | 31.5 |
| Investing Cash Flow | (1,009.8) | (1,737.9) | (705.4) | (915.1) | (453.6) | (1,510.9) | (548.9) | (364.5) | (2,434.6) | (264.5) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (2.2) | 106.3 | (41.5) | (483.2) | (165.9) | 809.6 | (286.7) | (734.1) | 2,258.2 | 298.7 |
| Stock Repurchased | (654.1) | (564.2) | (259.8) | 0.0 | (65.4) | (139.0) | (315.3) | (25.0) | 0.0 | (348.2) |
| Dividends Paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Financing Activities | (52.7) | (496.9) | (91.6) | (203.5) | (36.3) | (75.4) | (33.8) | (178.6) | (23.4) | (144.0) |
| Financing Cash Flow | (683.8) | (686.5) | (370.0) | (569.4) | (244.0) | 623.1 | (605.1) | (810.9) | 2,264.7 | (99.8) |
| Cash Position | ||||||||||
| Net Change in Cash | 208.4 | (448.0) | 1,555.3 | 296.2 | 187.3 | (192.9) | 120.5 | (78.9) | 410.5 | 105.9 |
| Cash at Beginning | 2,485.0 | 2,933.0 | 1,377.7 | 1,081.5 | 894.2 | 1,087.1 | 966.6 | 1,028.1 | 617.6 | 511.7 |
| Cash at End | 2,693.4 | 2,485.0 | 2,933.0 | 1,377.7 | 1,081.5 | 894.2 | 1,087.1 | 949.2 | 1,028.1 | 617.6 |
| Free Cash Flow | 1,212.4 | 438.4 | 1,597.1 | 1,290.0 | 400.7 | 60.1 | 759.4 | 706.7 | 368.2 | 198.4 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 7,082.3 | 8,253.0 | 8,326.2 | 6,739.8 | 5,255.0 | 5,517.9 | 5,878.3 | 5,543.1 | 3,906.9 | 3,495.8 |
| Gross Profit | 3,216.1 | 3,883.5 | 4,077.2 | 2,714.3 | 1,715.8 | 1,973.6 | 2,238.7 | 2,035.6 | 1,300.5 | 1,193.2 |
| Operating Income | 1,767.7 | 2,538.7 | 2,360.0 | 1,287.6 | 348.7 | 632.5 | 858.3 | 715.5 | 282.2 | 274.2 |
| Net Income | 1,572.8 | 2,183.7 | 1,902.2 | 1,009.6 | 234.2 | 211.7 | 627.4 | 810.7 | 182.1 | 206.2 |
| EPS (Diluted) | 3.63 | 4.89 | 4.25 | 2.27 | 0.56 | 0.51 | 1.44 | 1.89 | 0.43 | 0.48 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 2,691.3 | 2,483.0 | 2,919.0 | 1,352.6 | 1,080.7 | 894.2 | 1,069.6 | 949.2 | 1,028.1 | 617.6 |
| Total Assets | 14,089.8 | 13,215.2 | 11,978.5 | 9,626.0 | 8,668.0 | 8,425.5 | 7,587.6 | 7,195.1 | 6,924.4 | 3,869.6 |
| Total Debt | 3,366.9 | 3,359.8 | 3,230.7 | 3,097.5 | 3,491.3 | 3,612.5 | 2,766.1 | 2,951.8 | 3,622.3 | 1,393.9 |
| Stockholders' Equity | 8,796.4 | 7,782.6 | 6,188.5 | 4,585.4 | 3,538.5 | 3,301.7 | 3,171.6 | 2,778.8 | 1,823.2 | 1,608.2 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 1,906.4 | 1,977.5 | 2,633.1 | 1,782.0 | 884.3 | 694.7 | 1,274.2 | 1,094.2 | 581.2 | 470.6 |
| Capital Expenditure | (694.0) | (1,539.1) | (1,036.0) | (492.0) | (483.6) | (634.6) | (514.8) | (387.5) | (212.9) | (272.2) |
| Free Cash Flow | 1,212.4 | 438.4 | 1,597.1 | 1,290.0 | 400.7 | 60.1 | 759.4 | 706.7 | 368.2 | 198.4 |