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ON Semiconductor Corporation (O2NS34) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of ON Semiconductor Corporation BRL 51.60, price BRL 55.19, upside -6.5%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Broad data
Sep 24, 2026
ON Semiconductor Corporation
O2NS34 · SANeutralThe stock looks roughly fairly valued with average quality.
·Fair value R$51.60 · Fairly valued (−6.5%)
✓Quality 61/100
!Weak Growth (revenue 3y −10.4 %/yr)
!Thin margins · 9.5% net margin (TTM)
✓Low debt · generates free cash flow
!Moderate moat 51/100
What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
56‑month range R$24.80 – R$85.15 · the R$55.19 price screens above the R$51.60 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group.
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ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching, signal conditioning, and circuit protection technologies. Its Analog and Mixed-Signal Group segment designs and develops analog and mixed-signal solutions, including power management, sensor interface, connectivity, and standard products for automotive, industrial automation, AI data centers, computing, and mobile end markets. The Intelligent Sensing Group segment develops complementary metal-oxide-semiconductor image sensors, image signal processors, short-wave infrared sensors, and other products, as well as photon-counting technologies, including single-photon avalanche diode arrays and silicon photomultiplier devices for depth sensing, factory automation, safety systems, and robotics industries. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale, Arizona.
Stock analysis
ON Semiconductor Corporation (O2NS34) currently trades at R$55.19, while our model-based Fair Value estimate is R$51.60, so the stock looks roughly fairly valued today (gap 7.0%).
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Valuation
Bull case: the DCF Models group reads highest at a median of R$118.99 per share, and 13 of the 20 models we run sit above the R$55.19 price.
Bear case: the Earnings-Based group reads lowest at R$13.49, and 7 of the 20 models stay below the price. Evidence for this calculation is high.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
ON Semiconductor Corporation reported revenue of $6.0B in FY2025 versus $8.3B in FY2022, a compound −10.4%/yr. Reported net income was $121M in FY2025, compounding −60.1%/yr from FY2022.
Key figures
Market cap R$21.9B (≈ $4.2B) · P/E ratio 7.8 · P/S ratio 0.16 · EPS (TTM) R$7.05 · Net margin 2.0% · Return on equity 7.5% · Return on assets (EBIT) 13.1% · Operating margin 18.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 81% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at −7%, O2NS34 screens cheaper than that median.
Fair Value models
Bear R$51.60
Fair Value R$51.60
Bull R$51.60
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (R$5.33 per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF
R$172.06
R$239.09
R$359.38
77
Growth DCF
R$179.81
R$244.39
R$351.36
75
Owner Earnings
R$53.66
R$77.38
R$119.95
73
All 20 models by family
DCF Models
FCF DCF
R$172.06
R$239.09
R$359.38
77
Owner Earnings
R$53.66
R$77.38
R$119.95
73
5Y Revenue Exit
R$67.62
R$76.78
R$89.55
71
5Y EBITDA Exit
R$133.71
R$191.17
R$267.31
72
5Y P/E Exit
R$79.49
R$97.32
R$119.26
69
10Y Revenue Exit
R$108.46
R$118.99
R$127.75
65
10Y EBITDA Exit
R$147.94
R$188.13
R$229.73
67
10Y P/E Exit
R$115.76
R$131.41
R$144.79
62
Earnings-Based
Graham-Dodd
R$11.04
R$13.49
R$15.18
65
Multiples
P/E Multiple
R$34.10
R$45.46
R$56.83
63
P/S Multiple
R$20.70
R$27.60
R$34.50
58
P/B Multiple
R$20.70
R$27.60
R$34.50
55
EV/EBIT
R$9.16
R$15.94
R$22.72
64
EV/EBITDA
R$128.35
R$174.85
R$221.36
67
EV/Revenue
n/a
R$3.51
R$7.92
50
Asset-Based
NCAV (Graham)
R$51.48
R$68.99
R$102.96
54
Growth DCF
Growth DCF
R$179.81
R$244.39
R$351.36
75
Rev-Margin DCF
R$67.62
R$81.21
R$100.70
71
Economic Profit
Residual Income
R$71.25
R$68.23
R$66.84
68
Growth Earnings
Growth-Adj P/E
R$23.85
R$34.07
R$44.29
65
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Set up alert →Quality Score breakdown
Overall quality
61/100
Of which business quality 61 · Market factors (momentum, volatility) 49
Profitability
24
Margins and returns on capital today
Quality Growth
10
Are margins and returns improving?
Cashflow
92
Earnings quality: real cash, not paper profit
Fin. Strength
67
Balance sheet, leverage, solvency risk
Investment
78
Disciplined investing over empire-building
Low Volatility
0
Calm price path (market factor)
Momentum
69
Price trend over the last 3–12 months (market factor)
52W Momentum
73
Distance to the 52-week high (market factor)
Net Issuance
100
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−15.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.4%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−60.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−60.0%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.29% → 1%
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−12.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −14.7% a year for the price and +6.7% for the forecasts.
Forecast 2026 (sales)+8.1%
Forecast 2027 (sales)+11.2%
Projected 2028 (sales)+10.1%
Projected 2029 (sales)+8.9%
Projected 2030 (sales)+7.8%
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Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $228.38 | $198.56 | −13% |
| Taiwan Semiconductor Manufacturing Company TSM | $459.20 | $505.12 | +10% |
| Broadcom Inc AVGO | $351.19 | $303.10 | −14% |
| Micron Technology, Inc MU | $1,054 | $151.51 | −86% |
| Advanced Micro Devices, Inc AMD | $611.76 | $122.60 | −80% |
| SK hynix Inc 000660 | 1,833,000 KRW | 2,016,300 KRW | +10% |
| Intel Corporation INTC | $115.93 | $33.67 | −71% |
| Arm Holdings ARM | $310.32 | $44.44 | −86% |
| MediaTek Inc 2454 | 5,285 TWD | 3,142 TWD | −41% |
| Texas Instruments Incorporated TXN | $280.09 | $81.75 | −71% |
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Frequently asked questions
Is ON Semiconductor Corporation (O2NS34) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of R$51.60 versus a price of R$55.19, about −7% upside (fairly valued).
What is the fair value of O2NS34?
Our model-based fair value for ON Semiconductor Corporation is R$51.60 (as of Sep 24, 2026), built from audited fundamentals. The current price: R$55.19.
What is the quality score of O2NS34?
ON Semiconductor Corporation has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ON Semiconductor Corporation (O2NS34)?
Our model-based price target is the fair value of R$51.60 (as of Sep 24, 2026) from 20 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the ON Semiconductor Corporation stock forecast for 2026?
Our models put fair value at R$51.60, about −7% upside versus a price of R$55.19 (fairly valued). The calculation is refreshed regularly with new filings.
What is the revenue of ON Semiconductor Corporation (O2NS34)?
ON Semiconductor Corporation reported trailing-twelve-month revenue of about $6.1B (latest available figure, as of Sep 24, 2026).
What growth is priced into ON Semiconductor Corporation (O2NS34)?
For today's price to be fair in a discounted-cash-flow model, ON Semiconductor Corporation would have to grow free cash flow by -12.7 % per year for five years (discount rate 15.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -10.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of O2NS34 use?
Our models discount ON Semiconductor Corporation at 15.2 %: a base by market capitalisation (mid), damped by beta 2.01, country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ON Semiconductor Corporation that is -12.7 % per year a year over ten years, using the same discount rate (15.2 %) and the same formula as our fair value.
How much growth has ON Semiconductor Corporation (O2NS34) delivered so far?
Over the past 3 years revenue at ON Semiconductor Corporation grew -10.4 % a year. The price currently implies -12.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ON Semiconductor Corporation (O2NS34) growing?
The median revenue growth in the sector is +13.4 % a year. That is the yardstick for the growth priced into ON Semiconductor Corporation (-12.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ON Semiconductor Corporation (O2NS34)?
The free-cash-flow yield on the price is 33.83 %: that much free cash flow ON Semiconductor Corporation produces per unit of market value. When it exceeds the discount rate of our models (15.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ON Semiconductor Corporation (O2NS34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ON Semiconductor Corporation it is R$51.60 per share (as of Sep 24, 2026), against a price of R$55.19. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is ON Semiconductor Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, O2NS34 trades above its calculated fair value: price R$55.19, fair value R$51.60, a gap of about −7% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of O2NS34?
No. The price is what the market pays today (R$55.19); the fair value is what the company's own numbers justify (R$51.60). For ON Semiconductor Corporation the two are R$3.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is ON Semiconductor Corporation worth?
The market values ON Semiconductor Corporation at about R$21.9B (market capitalisation, as of Sep 24, 2026). Per share that is R$55.19; our models calculate a fair value of R$51.60 per share.
How far is O2NS34 from its 52-week high?
ON Semiconductor Corporation trades at R$55.19, about 35% below its 52-week high of R$85.15 and 81% above the low of R$30.52 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of R$51.60 is for.
Which stocks are comparable to ON Semiconductor Corporation?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ON Semiconductor Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price R$55.19, calculated fair value R$51.60 (−7%), Quality Score 61/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of O2NS34 calculated?
We run ON Semiconductor Corporation through 20 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$51.60, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. ON Semiconductor Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ON Semiconductor Corporation (O2NS34)?
The closing price on Oct 2, 2026 was R$55.19. Our model-based fair value is R$51.60, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ON Semiconductor Corporation right now?
The price sits above even our optimistic bull case (R$51.60). The favourable scenario is already priced in. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of ON Semiconductor Corporation
How large is the market capitalisation of ON Semiconductor Corporation (O2NS34)?
The market capitalisation of ON Semiconductor Corporation is R$21.9B (≈ $4.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of ON Semiconductor Corporation (O2NS34)?
The price-to-earnings ratio of ON Semiconductor Corporation is 7.8. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of ON Semiconductor Corporation (O2NS34)?
The price-to-sales ratio of ON Semiconductor Corporation is 0.16 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ON Semiconductor Corporation (O2NS34)?
Earnings per share at ON Semiconductor Corporation are R$7.05 (price ÷ EPS = P/E 7.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ON Semiconductor Corporation (O2NS34)?
The net margin of ON Semiconductor Corporation is 2.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ON Semiconductor Corporation (O2NS34)?
The return on equity (ROE) of ON Semiconductor Corporation is 7.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ON Semiconductor Corporation (O2NS34)?
On an EBIT basis the return on assets of ON Semiconductor Corporation is 13.1% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ON Semiconductor Corporation (O2NS34)?
The operating margin of ON Semiconductor Corporation is 18.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ON Semiconductor Corporation (O2NS34)?
Revenue at ON Semiconductor Corporation is growing +4.7% versus a year earlier (3y avg −10.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ON Semiconductor Corporation (O2NS34)?
Earnings per share at ON Semiconductor Corporation are growing −48.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ON Semiconductor Corporation (O2NS34) carry?
The net debt of ON Semiconductor Corporation is $833M (fiscal year 2025, ≈ 0.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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