Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

ON Semiconductor Corp., current enterprise value calculation

Microsoft Excel
Current share price (P) $89.99
No. shares of common stock outstanding 431,872,829
US$ in thousands
Common equity (market value)1 38,864,236
Add: Non-controlling interest (per books) 18,500
Total equity 38,882,736
Add: Current portion of financing lease liabilities (per books) 14,200
Add: Current portion of long-term debt (per books) 147,800
Add: Long-term debt, excluding current portion (per books) 3,045,700
Add: Long-term financing lease liabilities (per books) 23,000
Total equity and debt 42,113,436
Less: Cash and cash equivalents 2,919,000
Enterprise value (EV) 39,194,436

Based on: 10-K (reporting date: 2022-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 89.99 × 431,872,829


Historical Enterprise Value (EV)

ON Semiconductor Corp., EV calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Share price1, 2 $80.40 $58.66 $41.85 $20.90 $22.59
No. shares of common stock outstanding1 431,967,907 432,497,822 411,881,071 411,065,636 409,710,366
US$ in thousands
Common equity (market value)3 34,730,220 25,370,322 17,237,223 8,591,272 9,255,357
Add: Non-controlling interest (book value) 18,500 19,000 19,600 22,400 22,500
Total equity 34,748,720 25,389,322 17,256,823 8,613,672 9,277,857
Add: Current portion of financing lease liabilities (book value) 14,200 12,700
Add: Current portion of long-term debt (book value) 147,800 160,700 531,600 736,000 138,500
Add: Long-term debt, excluding current portion (book value) 3,045,700 2,913,900 2,959,700 2,876,500 2,627,600
Add: Long-term financing lease liabilities (book value) 23,000 10,200
Total equity and debt 37,979,420 28,486,822 20,748,123 12,226,172 12,043,957
Less: Cash and cash equivalents 2,919,000 1,352,600 1,080,700 894,200 1,069,600
Enterprise value (EV) 35,060,420 27,134,222 19,667,423 11,331,972 10,974,357

Based on: 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).

1 Data adjusted for splits and stock dividends.

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

3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 80.40 × 431,967,907

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. ON Semiconductor Corp. EV increased from 2020 to 2021 and from 2021 to 2022.