Onto Innovation Inc.

Onto Innovation Inc.

ONTOยทNYSE

$279.98

+0.70%
TechnologySemiconductors

Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that performs macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software worldwide. It offers process and yield management solutions, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements; and process control software portfolio that includes solutions for standalone tools, groups of tools, and enterprise-or factory-wide suites. The company also provides spare parts and software licensing services. Its products are used by semiconductor and advanced packaging device manufacturers; silicon wafer; light emitting diode; vertical-cavity surface-emitting laser; micro-electromechanical system; CMOS image sensor; power device; RF filter; data storage; and various industrial and scientific applications. The company was formerly known as Rudolph Technologies, Inc. Onto Innovation Inc. was founded in 1940 and is headquartered in Wilmington, Massachusetts.

At a Glance

Live Snapshot
Market Cap$13.93B
EPS2.7800
P/E Ratio100.71
Earnings Date08/06/2026
Onto Innovation Inc.

Onto Innovation Inc. Fair Value Envelope

ONTO ยท NYSE

Our analysis suggests that ONTO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $279.98, this represents a potential HIDDEN relative to our calculated worth for Onto Innovation Inc..

Intrinsic Value
Current Price: $279.98

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$92.5B
+ Cash & Equivalents$346.1M
Firm Value$92.8B
- Debt$17.5M
Equity Value$92.8B
/ Shares Outstanding49,010,161B
DCF Value$1.9K
UNDERVALUED BY 576%

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
$460.4M
$645.7M
$905.6M
$1.3B
$1.8B
$2.5B
$3.5B
$4.9B
$6.9B
$9.7B
Maintenance CapEx
-$8.0M
-$11.2M
-$15.7M
-$22.1M
-$30.9M
-$43.4M
-$60.8M
-$85.3M
-$119.7M
-$167.8M
Owner Earnings
$452.4M
$634.5M
$889.9M
$1.2B
$1.8B
$2.5B
$3.4B
$4.8B
$6.8B
$9.5B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$418.9M
$544.0M
$706.4M
$917.3M
$1.2B
$1.5B
$2.0B
$2.6B
$3.4B
$4.4B
Terminal Value represents 80.8% of Enterprise Value