Added to YB: 2026-08-25
Pitch date: 2026-08-22
ON [neutral]
ON Semiconductor Corporation
-2.07%
current return
Author Info
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Company Info
ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.
Market Cap
$28.9B
Pitch Price
$73.45
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.60
P/E
47.55
EV/Sales
4.80
Sector
Semiconductors and Semiconductor Equipment
Category
special_situation
$ON DCF VALUATION MODEL
ON (overview): DCF suggests fairly valued near intrinsic value (excludes Synaptics deal). Key assumptions: 13.2%/7.8% 5Y growth, 2.6% perpetuity, EBITDA margin 25%→39% by Y10, WACC 12.2%, 10.7x exit multiple. Growth inflecting from auto/industrial trough to AI infra (Q2 rev $1.6B, +9.2% YoY; PSG +19%; AI datacenter rev to 2x+ in 2026 via NVIDIA/AWS wins; SiC China +60-70%). $7B Synaptics deal closes mid-2027. Sept 16 Analyst Day catalyst.
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