Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

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

Enterprise Value to EBITDA (EV/EBITDA)

Microsoft Excel

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

ON Semiconductor Corp., EBITDA calculation

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income attributable to ON Semiconductor Corporation 2,183,700 1,902,200 1,009,600 234,200 211,700
Add: Net income attributable to noncontrolling interest 1,900 1,600 1,600 2,200 2,200
Add: Income tax expense 350,200 458,400 146,600 (59,800) 62,700
Earnings before tax (EBT) 2,535,800 2,362,200 1,157,800 176,600 276,600
Add: Interest expense 74,800 94,900 130,400 168,400 148,300
Earnings before interest and tax (EBIT) 2,610,600 2,457,100 1,288,200 345,000 424,900
Add: Depreciation and amortization 609,500 551,800 596,700 625,100 593,100
Earnings before interest, tax, depreciation and amortization (EBITDA) 3,220,100 3,008,900 1,884,900 970,100 1,018,000

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).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. ON Semiconductor Corp. EBITDA increased from 2021 to 2022 and from 2022 to 2023.

Enterprise Value to EBITDA Ratio, Current

ON Semiconductor Corp., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 31,363,822
Earnings before interest, tax, depreciation and amortization (EBITDA) 3,220,100
Valuation Ratio
EV/EBITDA 9.74
Benchmarks
EV/EBITDA, Competitors1
Advanced Micro Devices Inc. 71.36
Analog Devices Inc. 20.17
Applied Materials Inc. 23.65
Broadcom Inc. 39.73
First Solar Inc. 19.34
Intel Corp. 15.60
KLA Corp. 26.24
Lam Research Corp. 24.74
Micron Technology Inc. 61.02
NVIDIA Corp. 88.89
Qualcomm Inc. 23.12
Texas Instruments Inc. 20.70
EV/EBITDA, Sector
Semiconductors & Semiconductor Equipment 63.10
EV/EBITDA, Industry
Information Technology 36.00

Based on: 10-K (reporting date: 2023-12-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

ON Semiconductor Corp., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 34,051,230 35,060,420 27,134,222 19,667,423 11,331,972
Earnings before interest, tax, depreciation and amortization (EBITDA)2 3,220,100 3,008,900 1,884,900 970,100 1,018,000
Valuation Ratio
EV/EBITDA3 10.57 11.65 14.40 20.27 11.13
Benchmarks
EV/EBITDA, Competitors4
Advanced Micro Devices Inc. 65.81 22.63 34.19 62.10 82.59
Analog Devices Inc. 15.56 16.23 38.55 23.61 18.67
Applied Materials Inc. 15.75 11.04 17.54 16.82 14.60
Broadcom Inc. 26.42 13.54 19.72 18.89 16.32
First Solar Inc. 11.52 53.82 7.64 12.99 32.49
Intel Corp. 18.96 6.20 6.02 6.40 8.73
KLA Corp. 15.67 14.97 19.26 18.10 14.14
Lam Research Corp. 15.35 11.34 16.67 17.76 10.07
Micron Technology Inc. 32.38 3.26 6.05 6.46 3.90
NVIDIA Corp. 95.69 57.58 58.98 52.92 21.08
Qualcomm Inc. 12.82 7.84 12.76 19.49 10.55
Texas Instruments Inc. 16.36 14.69 15.54 21.75 17.73
EV/EBITDA, Sector
Semiconductors & Semiconductor Equipment 26.35 14.60 15.45 14.70 11.59
EV/EBITDA, Industry
Information Technology 23.32 18.43 20.33 19.56 14.44

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).

1 See details »

2 See details »

3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 34,051,230 ÷ 3,220,100 = 10.57

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. ON Semiconductor Corp. EV/EBITDA ratio decreased from 2021 to 2022 and from 2022 to 2023.