ON Semiconductor Corporation

ON Semiconductor Corporation

ONยทNASDAQ

$133.91

+11%
TechnologySemiconductors

ON Semiconductor Corporation provides intelligent sensing and power solutions worldwide. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems. The company operates through three segments the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group segments. It offers analog, discrete, module, and integrated semiconductor products that perform multiple application functions, including power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions. The company also designs and develops analog, mixed-signal, advanced logic, application specific standard product and ASICs, radio frequency, and integrated power solutions for end-users in end-markets, as well as provides foundry and design services for government customers. In addition, it develops complementary metal oxide semiconductor image sensors, image signal processors, and single photon detectors, including silicon photomultipliers and single photon avalanche diode arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in various end-markets. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Phoenix, Arizona.

At a Glance

Live Snapshot
Market Cap$52.48B
EPS0.2900
P/E Ratio461.76
Earnings Date08/03/2026
ON Semiconductor Corporation

ON Semiconductor Corporation Fair Value Envelope

ON ยท NASDAQ

Our analysis suggests that ON has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $133.91, this represents a potential HIDDEN relative to our calculated worth for ON Semiconductor Corporation.

Intrinsic Value
Current Price: $133.91

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$91.0B
+ Cash & Equivalents$2.1B
Firm Value$93.2B
- Debt$3.5B
Equity Value$89.7B
/ Shares Outstanding408,973,992B
DCF Value$219
UNDERVALUED BY 64%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$2.1B
$2.4B
$2.8B
$3.3B
$3.9B
$4.5B
$5.3B
$6.2B
$7.2B
$8.5B
Maintenance CapEx
-$79.8M
-$93.4M
-$109.3M
-$127.9M
-$149.7M
-$175.1M
-$204.9M
-$239.7M
-$280.5M
-$328.2M
Owner Earnings
$2.0B
$2.3B
$2.7B
$3.2B
$3.7B
$4.3B
$5.1B
$5.9B
$7.0B
$8.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.8B
$2.0B
$2.2B
$2.3B
$2.5B
$2.7B
$3.0B
$3.2B
$3.5B
$3.8B
Terminal Value represents 70.4% of Enterprise Value