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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#589
Positioning
Market Dominance
Manufacturing
Measuring And Control Equipment
$6.3B
Michael P. Plisinski
Onto Innovation Inc. engages in the design, development, manufacture, and support of process control tools that perform macro defect inspection and 2D/3D optical metrology, lithography systems, and process control analytical software. The company also provides spare parts and software licensing services. Its products are used by semiconductor and advanced packaging device manufacturers.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = ONTO ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ONTO ONTO INNOVATION INC. | 61 | 56 | 59 | 73 | 86.5x | 75.3x | 6.2% | 5.7% | 49.4% | 11.8% | 13.2% | -18.2% | 0.0% | 0.0x | $6.3B | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
ONTO INNOVATION INC. (ONTO) receives a "Hold" rating with a composite score of 61.1/100. It ranks #589 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Outperforming peers — winners tend to keep winning over 3-12 months
Fair valuation relative to peers
Average quality profile
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for ONTO.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 56 | 54 | +2NEUTRAL |
| MOMENTUM | 73 | 79 | -6DRAG |
| VALUATION | 59 | 51 | +8ALPHA |
| INVESTMENT | 34 | 55 | -21DRAG |
| STABILITY | 40 | 29 | +11ALPHA |
| SHORT INT | 84 | 92 | -8DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy 6.2% (sector -1.9%)
GM 49% vs sector 44%, OM 12% vs sector 3%
Capital turnover N/A, R&D intensity 14.4%
Rev growth -18%, 11yr history
Interest coverage N/A, Net debt/EBITDA -17.3x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate ONTO INNOVATION INC. (ONTO) as a Hold with a composite score of 61.1/100 at a current price of $224.82. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
ONTO INNOVATION INC. holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 61.1/100 places it at rank #589 in our full universe.
The near-term outlook is constructive, with revenue growing at -18% and momentum in the 73th percentile confirming positive market sentiment. The combination of strong top-line growth and favorable price dynamics suggests the company is executing well on its growth strategy.
Narrow
High
Standard
Fair Value
Gross margins of 49% signal strong pricing power.
Positive momentum indicates institutional accumulation.
Stable competitive position in a defensive sector.
Elevated P/E ratio of 86.5x leaves little room for execution misses.
Vulnerability to macroeconomic shocks and interest rate volatility.
ONTO INNOVATION INC. represents a hold based on multi-factor quantitative performance.
Our model assigns ONTO INNOVATION INC. a Hold rating, with a composite score of 61.1/100 and 3 out of 5 stars. Ranked #589 of 7,333 stocks, ONTO presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
With a quality score of 56/100, ONTO shows adequate but unremarkable business quality. The company reports a return on equity of 6.2% (sector avg: -1.9%), gross margins of 49.4% (sector avg: 44.1%), net margins of 13.2% (sector avg: 1.0%). This suggests the company generates acceptable returns but may lack the competitive positioning or operational efficiency to stand out from peers.
ONTO's value score of 59/100 indicates the stock is fairly valued based on its current fundamentals. Key valuation metrics include a P/E ratio of 86.47x, an EV/EBITDA of 75.32x, a P/B ratio of 5.37x. At this level, neither a clear bargain nor overpriced, the stock's attractiveness depends more on forward growth expectations and qualitative factors.
ONTO INNOVATION INC.'s investment score of 34/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -18.2% vs. a sector average of 6.7% and a return on assets of 5.7% (sector: 0.9%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
ONTO shows strong momentum characteristics with a score of 73/100. The stock has been trending above key moving averages, indicating solid demand from institutional buyers. Revenue growth stands at -18.2% year-over-year, while a beta of 2.23 reflects its sensitivity to broader market moves. This level of momentum typically signals sustained investor confidence and favorable near-term price action.
ONTO's stability score of 40/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 2.23 and a debt-to-equity ratio of 0.00x (sector avg: 0.2x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
ONTO's short interest factor score of 84/100 indicates very low short selling activity relative to peers — a positive signal suggesting institutional investors see limited near-term downside. Specific risk factors include high market sensitivity (beta: 2.23). As a mid-cap company with a market capitalization of $6.3B, ONTO INNOVATION INC. benefits from the generally lower volatility and deeper liquidity associated with its size class.
ONTO INNOVATION INC. is a mid-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #589 of 7,333 overall (92nd percentile). Key comparisons include ROE of 6.2% exceeding the -1.9% sector median and operating margins of 11.8% above the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While ONTO currently exhibits a HOLD profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Manufacturing Alpha →Quant Factor Profile
Key factor gap
Short Int. (84) vs Investment (34) — closing this gap could shift the rating.
EV/EBITDA 557% ABOVE SECTOR MEDIAN
ROE 427% BELOW SECTOR MEDIAN
Gross Margin 12% ABOVE SECTOR MEDIAN (FAVORABLE)
Above 50MA
37.18%
Net New Highs
+51081
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