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ON - ON Semiconductor Corporation

NASDAQ -> Technology -> Semiconductors
Phoenix, United States
Type: Equity

ON price evolution
ON
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $2483 $2679.2 $2622.2 $2702.4
Short term investments
Net receivables $935.4 $958.2 $944.4 $880.9
Inventory $2111.8 $2084.8 $1964.4 $1814.9
Total current assets $5912.3 $6085.4 $5930.2 $5716.3
Long term investments
Property, plant & equipment $4443.9 $4357.5 $4036 $3738.1
Goodwill & intangible assets $1876.9 $1890.4 $1903.9 $1917.4
Total noncurrent assets $7302.9 $7195.9 $6832.5 $6558
Total investments
Total assets $13215.2 $13281.3 $12762.7 $12274.3
Current liabilities
Accounts payable $725.6 $911.3 $907.5 $976.2
Deferred revenue
Short long term debt $794.8 $918.1 $919.1 $937.8
Total current liabilities $2183.6 $2494.8 $2480.7 $2580
Long term debt $2565 $2562.7 $2563.7 $2562
Total noncurrent liabilities $3231 $3282.5 $3278.4 $3227.3
Total debt $3359.8 $3480.8 $3482.8 $3499.8
Total liabilities $5414.6 $5777.3 $5759.1 $5807.3
Shareholders' equity
Retained earnings $6548.1 $5985.4 $5402.7 $4826.1
Other shareholder equity -$45.2 -$44.9 -$37.4 -$29.6
Total shareholder equity $7782.6 $7484.3 $6984.1 $6448
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $2483 $2919 $1352.6 $1080.7
Short term investments
Net receivables $935.4 $842.3 $809.4 $676
Inventory $2111.8 $1616.8 $1379.5 $1251.4
Total current assets $5912.3 $5729.4 $3781.6 $3184.1
Long term investments
Property, plant & equipment $4443.9 $3758.6 $2524.3 $2512.3
Goodwill & intangible assets $1876.9 $1937.3 $2433.2 $2132.4
Total noncurrent assets $7302.9 $6249.1 $5844.4 $5483.9
Total investments
Total assets $13215.2 $11978.5 $9626 $8668
Current liabilities
Accounts payable $725.6 $852.1 $635.1 $572.9
Deferred revenue
Short long term debt $794.8 $162 $160.7 $531.6
Total current liabilities $2183.6 $2061.4 $1543.4 $1674.5
Long term debt $2565 $3068.7 $2913.9 $2959.7
Total noncurrent liabilities $3231 $3710.1 $3478.2 $3435.4
Total debt $3359.8 $3230.7 $3074.6 $3491.3
Total liabilities $5414.6 $5790 $5021.6 $5109.9
Shareholders' equity
Retained earnings $6548.1 $4364.4 $2435.1 $1425.5
Other shareholder equity -$45.2 -$23.2 -$40.6 -$57.6
Total shareholder equity $7782.6 $6188.5 $4585.4 $3538.5
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $2018.1 $2180.8 $2094.4 $1959.7
Cost of revenue $1076.2 $1150.1 $1101 $1042.2
Gross Profit $941.9 $1030.7 $993.4 $917.5
Operating activities
Research & development $150.2 $143.4 $145.3 $138.4
Selling, general & administrative $156.1 $178.9 $158.8 $147.7
Total operating expenses $329.8 $343.7 $318.7 $352.6
Operating income $612.1 $687 $674.7 $564.9
Income from continuing operations
EBIT $626 $713.5 $697.4 $571.8
Income tax expense $47.5 $114.6 $104.4 $83.7
Interest expense $15.8 $16.2 $16.4 $26.4
Net income
Net income $562.7 $582.7 $576.6 $461.7
Income (for common shares) $562.8 $583.1 $577 $462.1
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $8253 $8326.2 $6739.8 $5255
Cost of revenue $4369.5 $4249 $4025.5 $3539.2
Gross Profit $3883.5 $4077.2 $2714.3 $1715.8
Operating activities
Research & development $577.3 $600.2 $655 $642.9
Selling, general & administrative $641.5 $631.1 $598.4 $537.4
Total operating expenses $1344.8 $1717.2 $1426.7 $1367.1
Operating income $2538.7 $2360 $1287.6 $348.7
Income from continuing operations
EBIT $2608.7 $2455.5 $1286.6 $342.8
Income tax expense $350.2 $458.4 $146.6 -$59.8
Interest expense $74.8 $94.9 $130.4 $168.4
Net income
Net income $2183.7 $1902.2 $1009.6 $234.2
Income (for common shares) $2185 $1904.2 $1009.6 $234.2
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $562.7 $582.7 $576.6 $461.7
Operating activities
Depreciation $160.3 $155.4 $148.8 $145
Business acquisitions & disposals -$236.3
Stock-based compensation $30.7 $31.1 $31.6 $27.7
Total cash flows from operations $611.2 $566.6 $390.8 $408.9
Investing activities
Capital expenditures -$385.2 -$419.9 -$393.5 -$336.5
Investments $12.7 $10 $10.8
Total cash flows from investing -$385.2 -$407.2 -$383.5 -$562
Financing activities
Dividends paid
Sale and purchase of stock -$294.3 -$93.2 -$54.2 $145.8
Net borrowings -$125.3 -$2.2 -$26.5 -$161.6
Total cash flows from financing -$432.2 -$101.3 -$89.6 -$63.4
Effect of exchange rate $0.4 -$0.5 -$1.1 $0.1
Change in cash and equivalents -$205.8 $57.6 -$83.4 -$216.4
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $2183.7 $1902.2 $1009.6 $234.2
Operating activities
Depreciation $609.5 $551.8 $596.7 $625.1
Business acquisitions & disposals -$236.3 $260.7 -$392.4 $21.5
Stock-based compensation $121.1 $100.8 $101.3 $67.7
Total cash flows from operations $1977.5 $2633.1 $1782 $884.3
Investing activities
Capital expenditures -$1535.1 -$976.9 -$478 -$475.1
Investments $33.5 $10.8 -$44.7
Total cash flows from investing -$1737.9 -$705.4 -$915.1 -$453.6
Financing activities
Dividends paid -$5
Sale and purchase of stock -$295.9 -$236.9 $117.3 -$41.8
Net borrowings -$315.6 -$41.5 -$644.6 -$168.3
Total cash flows from financing -$686.5 -$370 -$569.4 -$244
Effect of exchange rate -$1.1 -$2.4 -$1.3 $0.6
Change in cash and equivalents -$448 $1555.3 $296.2 $187.3
Fundamentals
Market cap $32.24B
Enterprise value $33.12B
Shares outstanding 426.39M
Revenue $8.25B
EBITDA $3.22B
EBIT $2.61B
Net Income $2.18B
Revenue Q/Q -4.06%
Revenue Y/Y -0.88%
P/E ratio 14.76
EV/Sales 4.01
EV/EBITDA 10.29
EV/EBIT 12.69
P/S ratio 3.91
P/B ratio 4.12
Book/Share 18.36
Cash/Share 5.82
EPS $5.12
ROA 16.95%
ROE 30.44%
Debt/Equity 0.70
Net debt/EBITDA 0.91
Current ratio 2.71
Quick ratio 1.74