Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2024.

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

ON Semiconductor Corp., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of ON Semiconductor Corp. Annual Report.


Share Price Trend
The share price demonstrated significant volatility over the analyzed period. Starting at $6.63 in February 2006, it reached a peak of $11.1 in February 2011 but experienced notable declines, such as dropping to $3.66 in February 2009 during the financial crisis period. From 2016 onwards, a strong upward trend is apparent, culminating in a peak of $80.40 in February 2023, followed by a slight decrease to $77.59 in February 2024.
Sales per Share Pattern
Sales per share exhibited a generally upward trajectory over the years with minor fluctuations. Beginning at $4.04 in 2006, it increased steadily to $15.58 by February 2022 and remained almost stable into 2023 and 2024, with values of $19.28 and $19.31 respectively. There were periods of slower growth or slight declines, notably around 2009, coinciding with the drop in share price.
Price to Sales Ratio (P/S)
The Price to Sales ratio reflect fluctuations corresponding to changes in share price and sales per share. It started relatively high at 1.64 in 2006, dipped below 1.0 in 2009 and again in 2016, indicating undervaluation relative to sales at those times. From 2017 onwards, the P/S ratio showed a marked upward trend, peaking at 4.17 in February 2023 before slightly declining to 4.02 in 2024. This increase suggests a rise in market valuation relative to sales, possibly due to improved investor sentiment or growth expectations.
Overall Observations
The data indicates that the company underwent periods of both stress and growth, with share price volatility reflecting broader economic conditions. Sales per share growth was relatively consistent, supporting the recent increase in share price. The increasing P/S ratio in recent years may highlight heightened market confidence or a shift in valuation metrics. However, the slight decline in both share price and P/S ratio in the last year calls for cautious interpretation regarding future performance expectations.

Comparison to Competitors

ON Semiconductor Corp., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

ON Semiconductor Corp., P/S, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Information Technology)

ON Semiconductor Corp., P/S, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).