Onto Innovation Stock Net Asset
| ONTO Stock | USD 216.59 3.57 1.68% |
Onto Innovation fundamentals help investors to digest information that contributes to Onto Innovation's financial success or failures. It also enables traders to predict the movement of Onto Stock. The fundamental analysis module provides a way to measure Onto Innovation's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Onto Innovation stock.
Onto |
Onto Innovation Company Net Asset Analysis
Onto Innovation's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Onto Innovation Net Asset | 1.91 B |
Most of Onto Innovation's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Onto Innovation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Based on the recorded statements, Onto Innovation has a Net Asset of 1.91 B. This is much higher than that of the Semiconductors & Semiconductor Equipment sector and significantly higher than that of the Information Technology industry. The net asset for all United States stocks is notably lower than that of the firm.
Onto Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Onto Innovation's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Onto Innovation could also be used in its relative valuation, which is a method of valuing Onto Innovation by comparing valuation metrics of similar companies.Onto Innovation is currently under evaluation in net asset category among its peers.
Onto Fundamentals
| Return On Equity | 0.1 | ||||
| Return On Asset | 0.055 | ||||
| Profit Margin | 0.19 % | ||||
| Operating Margin | 0.21 % | ||||
| Current Valuation | 9.27 B | ||||
| Shares Outstanding | 49.39 M | ||||
| Shares Owned By Insiders | 0.70 % | ||||
| Shares Owned By Institutions | 97.93 % | ||||
| Number Of Shares Shorted | 1.16 M | ||||
| Price To Earning | 34.45 X | ||||
| Price To Book | 5.31 X | ||||
| Price To Sales | 11.17 X | ||||
| Revenue | 815.87 M | ||||
| Gross Profit | 491.16 M | ||||
| EBITDA | 183.29 M | ||||
| Net Income | 121.16 M | ||||
| Cash And Equivalents | 545 M | ||||
| Cash Per Share | 10.97 X | ||||
| Total Debt | 19.52 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 6.14 X | ||||
| Book Value Per Share | 38.54 X | ||||
| Cash Flow From Operations | 171.97 M | ||||
| Short Ratio | 1.75 X | ||||
| Earnings Per Share | 3.70 X | ||||
| Price To Earnings To Growth | 1.02 X | ||||
| Target Price | 253.61 | ||||
| Number Of Employees | 1.5 K | ||||
| Beta | 1.37 | ||||
| Market Capitalization | 10.52 B | ||||
| Total Asset | 1.91 B | ||||
| Retained Earnings | 482.36 M | ||||
| Working Capital | 1.14 B | ||||
| Current Asset | 87.36 M | ||||
| Current Liabilities | 17.22 M | ||||
| Net Asset | 1.91 B |
About Onto Innovation Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Onto Innovation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Onto Innovation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Onto Innovation based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Onto Innovation
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Onto Innovation position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Onto Innovation will appreciate offsetting losses from the drop in the long position's value.Moving together with Onto Stock
Moving against Onto Stock
| 0.58 | CAN | Canaan Inc Buyout Trend | PairCorr |
| 0.52 | GFS | Globalfoundries Buyout Trend | PairCorr |
The ability to find closely correlated positions to Onto Innovation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onto Innovation when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Onto Innovation - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Onto Innovation to buy it.
The correlation of Onto Innovation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Onto Innovation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onto Innovation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Onto Innovation can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Onto Innovation Piotroski F Score and Onto Innovation Altman Z Score analysis. To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Onto Innovation. If investors know Onto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Onto Innovation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Onto Innovation is measured differently than its book value, which is the value of Onto that is recorded on the company's balance sheet. Investors also form their own opinion of Onto Innovation's value that differs from its market value or its book value, called intrinsic value, which is Onto Innovation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Onto Innovation's market value can be influenced by many factors that don't directly affect Onto Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Onto Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Onto Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onto Innovation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.