Does ON Semiconductor Corporation (ON) have an economic moat?

Yes, though a limited one. ON Semiconductor Corporation earns a Narrow Moat rating with a moat score of 51/100, indicating competitive advantages expected to persist for roughly 10–20 years. onsemi has a real but limited competitive advantage built around automotive, industrial, and power semiconductor design wins rather than broad platform dominance.

What is ON Semiconductor Corporation's moat score?

ON Semiconductor Corporation (ON) has a moat score of 51/100 with a Narrow Moat rating and a stable moat trend. The score is a weighted average of five pillar ratings: network effects, switching costs, intangible assets, cost advantages, and efficient scale. Its strongest pillar is switching costs (6.5/10).

Is ON stock overvalued or undervalued?

As of MoatScan's latest valuation, ON appears overvalued. The AI-estimated fair value is $29.47 versus a market price of $90.02 at the time of analysis, implying the stock traded about 67% above fair value. The estimate is based on a discounted cash flow (DCF) model and updates with each new financial analysis.

What is ON Semiconductor Corporation's fair value estimate?

MoatScan estimates ON Semiconductor Corporation's (ON) fair value at $29.47 per share, derived from a discounted cash flow (DCF) model built on the company's reported financials, analyst growth forecasts, and a discount rate reflecting its cost of capital. See the Financial Analysis tab for the full assumptions behind the estimate.

Back to Database

ON$90.02

ON Semiconductor Corporation

Last Updated

Jul 21, 20267 days ago

Moat & Trend

Management

AI Impact

Competitive Radar

Moat Score

51/100

Executive Summary

onsemi has a real but limited competitive advantage built around automotive, industrial, and power semiconductor design wins rather than broad platform dominance. Its strongest positions are in power management, silicon carbide, and image/sensing components, where qualification cycles and system-level integration create meaningful inertia once it is designed into a customer platform. The company also benefits from selective vertical integration and a larger manufacturing footprint than many fabless peers. However, the business lacks the kind of dominant brand, network effects, or natural-monopoly structure that would support a wide moat. Competition from large analog, power, and specialty semiconductor rivals remains intense, and pricing power is uneven across end markets. Overall, the moat is durable enough to matter, but not broad enough to be classified as wide.

Network Effects

No Real Ecosystem Pull

Pillar Strength

2/10

onsemi does not benefit from meaningful network effects in the classic sense. Semiconductor demand is driven by technical fit, qualification, and supply assurance, not by a self-reinforcing user network where each additional customer materially increases value for others. Designers may prefer familiar vendors and proven reference designs, but those dynamics are closer to workflow convenience than true network effects. Multi-sourcing is common across many of onsemi’s categories, especially in analog, power, and discrete devices. Customers can often move volumes to another supplier if pricing, availability, or specifications improve elsewhere. The company’s ecosystem presence is helpful, but it does not create a compounding network advantage.

Switching Costs

Qualification Friction Matters

Pillar Strength

6.5/10

Switching costs are meaningful, especially in automotive, industrial, and mission-critical applications. Once onsemi’s components are designed into a platform, customers must validate electrical performance, thermal behavior, reliability, and long-term supply continuity before substituting another vendor. In automotive programs, requalification can be slow and expensive, and any change can introduce engineering, procurement, and reliability risk. That said, switching is not prohibitive: customers routinely dual-source and redesign around competing parts over time. The friction is moderate rather than deeply locking. onsemi’s portfolio breadth helps embed it into more sockets, but the company still competes in markets where buyers retain leverage and can re-source if economics justify it.

Intangible Assets

Good Know-How, Limited Brand

Pillar Strength

6/10

onsemi has credible intangible assets, but they are mostly engineering-based rather than protected by powerful consumer branding or exclusive IP. Its strength lies in specialized know-how across power devices, sensing, and SiC, plus a history of product families that are trusted in automotive and industrial systems. Design wins and qualification history matter, and the company’s process knowledge can be difficult for smaller rivals to duplicate quickly. However, most of the portfolio is not legally insulated in a way that guarantees pricing power. Competitors such as Infineon, STMicroelectronics, Texas Instruments, and others also possess deep technical capabilities. The result is a real but not exceptional intangible asset advantage.

Cost Advantages

Selective Scale Benefits

Pillar Strength

6.5/10

onsemi has some cost advantages from scale, manufacturing footprint, and product mix, but they are selective rather than overwhelming. Its larger installed base of fabs and vertically integrated capabilities in power and SiC can improve gross margin potential versus smaller specialty peers, especially as utilization rises. Control over key manufacturing steps can also reduce dependence on third parties and help protect supply in tight markets. Still, the semiconductor industry is capital intensive and competitors with comparable scale can often match process improvements over time. onsemi is not the lowest-cost producer across its portfolio, and commodity exposure can pressure margins. The advantage is meaningful, but rivals can narrow it with sustained investment.

Efficient Scale

Niche Leader, Not Monopoly

Pillar Strength

4.5/10

onsemi does not operate in a natural monopoly or near-monopoly structure. The semiconductor market is broadly competitive, and even in its core power and sensing niches there are several serious rivals with substantial scale, engineering depth, and customer relationships. There are some pockets of efficient scale in highly qualified automotive programs and specialized SiC supply chains, where the number of credible suppliers is limited and entry requires heavy capital and time. But these advantages are partial, not decisive. Customers generally have alternatives, and larger buyers can multi-source. The market structure supports some discipline, yet not enough to create a durable oligopoly moat. It is a constrained, competitive arena rather than an exclusive one.

Management Quality Assessment

Evaluating leadership track record, capital allocation, and governance

Verdict

Strong

CEO Hassane El-Khoury has led ON since Dec. 2020 and previously ran Cypress through its sale to Infineon, suggesting experience in industrial restructuring rather than a founder-led stewardship model. At ON, management has paired strategic portfolio-building with aggressive buybacks; recent ROIC around 10.8% is only modestly above capital costs, but it is positive and the company has continued returning most free cash flow through repurchases and a new $6 billion authorization. Insider ownership appears meaningful at the board/executive level, though the trend is unclear; the CEO personally owns a small stake. His $17.7 million pay package is high, but mostly equity-based and not obviously misaligned given peer scale. No major board-independence or related-party red flags stand out.

Key Highlights

Hassane El-Khoury has served as CEO since December 2020 and previously led Cypress Semiconductor from 2016 to 2020, giving him a credible operating and restructuring track record.
ON’s latest TTM ROIC is about 10.8%, which is only modestly above the cost of capital but indicates management is at least generating positive economic returns.
The board approved up to $6 billion of share repurchases, and recent buybacks returned roughly 1.44% of shares for $345.7 million, signaling a shareholder-friendly capital return policy.
The board is majority independent under Nasdaq rules, and governance materials say independent directors may meet separately, which reduces governance risk.
CEO pay was about $17.68 million in recent filings, high in absolute terms but heavily equity-based; no obvious compensation red flag is evident from the available information.

AI Impact Assessment

Evaluating how AI strengthens or disrupts existing moat pillars

AI Opportunity

6/ 10

AI Threat

4/ 10

Net AI Impact

+2Moderate Tailwind

Net Reinforcer. AI is a demand tailwind for ON’s moat pillars: its differentiated SiC, power-management and automotive-supply relationships become more valuable as AI data centers shift spend toward power efficiency, and its manufacturing/quality systems can use AI to compress design cycles and improve yields. Facts: management has said AI data-center revenue is growing rapidly, and the company is expanding 200mm SiC capacity while pursuing an edge-AI portfolio through Synaptics. Inference: these moves should deepen customer lock-in more than open a new standalone platform moat. Key uncertainty is how much AI-driven revenue can offset the 2025 cyclical downturn in auto and industrial, and whether AI power demand stays concentrated in a few winners.

AI Opportunity Highlights

ON’s power-efficient SiC and voltage-regulation chips sit in the AI data-center power chain, where efficiency gains directly lower customers’ operating costs.
Management is ramping 200mm SiC capacity, which should improve cost structure and support higher-volume AI and EV power-device programs.
The planned Synaptics acquisition would add edge-AI and sensing assets, broadening ON’s addressable portfolio beyond core power semiconductors.
The company’s AI-driven digital-thread program uses trusted data lakes to improve design and manufacturing execution, reinforcing yield and time-to-market advantages.

AI Threat Highlights

ON does not participate in the most defensible AI compute layer, so most AI economics still accrue to GPU, ASIC and memory leaders rather than power-semiconductor suppliers.
Analog, power and sensing chips face some pricing pressure as AI-enabled design tools lower engineering barriers and speed competitor product cycles.
A large share of ON’s revenue still depends on auto and industrial demand, so a 2025 cyclical downturn can dilute the AI uplift and keep utilization pressured.
AI server demand is concentrated among a small set of hyperscalers and top-tier suppliers, which can increase bargaining-power risk for component vendors.

Sign in to see the full analysis

The Strategic Factor Breakdown, Management Quality Assessment, and AI Impact Assessment are available to registered users — it's free.

Last Updated

Jul 21, 20267 days ago

Target Price

Analyst Consensus

FAIR VALUE

Financial Strength

Financial Score

60/100

Executive Summary

ON Semiconductor’s most notable strength is its solid liquidity and balance-sheet flexibility, with current assets comfortably exceeding current liabilities and cash plus short-term investments still ample despite some decline. However, this resilience contrasts with a pronounced cyclical deterioration in operating performance: revenue has fallen from its 2022–2023 peak, gross and operating margins have compressed sharply, and net income has weakened materially even as free cash flow has remained positive. Cash generation is still respectable, but it has become less stable, reflecting working-capital swings and aggressive capital returns through buybacks. Efficiency and return metrics have also softened, while leverage remains manageable though somewhat more volatile in stressed periods. Growth expectations point to a gradual recovery rather than a rapid rebound. Overall, ON Semiconductor presents a mixed profile: financially sound on liquidity and cash access, but pressured on profitability and earnings quality, consistent with its mid-range ratings.

Income Statement

Revenue · Margins · Profitability

Section Score

4/10

ON Semiconductor shows a clear cyclical downturn after strong 2021–2023 results. Revenue peaked in 2022–2023 and then fell sharply in 2024 and again in TTM, while net income collapsed from 2,184 million in FY2023 to 121 million in FY2025, with TTM only partly recovering. Margin quality has deteriorated materially: gross margin slid from the high-40% range to 33% in FY2025, and operating margin dropped to 1.4%, indicating weaker conversion of sales into earnings. The income statement also shows volatility from other operating items and a lower tax burden in FY2025. Free cash flow remains comparatively resilient, but the overall trend points to compressed earnings power and weaker industry positioning versus prior years.

Financials are in millions USD unless otherwise specified

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	6,063	5,995	7,082	8,253	8,326	6,740
Revenue Growth (YoY)	-9.04%	-15.35%	-14.19%	-0.88%	23.54%	28.26%
Net Income	573.7	121	1,573	2,184	1,902	1,010
Net Income Growth	-9.47%	-92.31%	-27.98%	14.80%	88.41%	331.08%
Profit Margin	9.50%	2.06%	22.23%	26.48%	22.87%	15.00%

Data as of Apr 3, 2026

Balance Sheet

Assets · Liabilities · Equity

Section Score

7.5/10

ON Semiconductor’s balance sheet remains solid, with total current assets of $5.8 billion versus current liabilities of $1.3 billion, leaving ample near-term liquidity and a strong working-capital buffer. Cash and short-term investments are $2.4 billion TTM, well above current liabilities, though cash has declined from the prior year and net cash is still negative at about $603 million due to debt. Total debt is manageable at $3.0 billion against $12.0 billion of assets, and total liabilities have trended down to $4.7 billion. Equity is still substantial at $7.3 billion, but it slipped from $8.8 billion in 2024, while treasury stock has expanded sharply, indicating ongoing capital returns rather than balance sheet expansion.

Financials are in millions USD unless otherwise specified

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Current Assets	5,776	5,823	6,752	5,912	5,729	3,782
Total Assets	12,011	12,524	14,090	13,215	11,979	9,626
Total Current Liabilities	1,185	1,288	1,335	2,184	2,061	1,543
Total Liabilities	4,690	4,832	5,275	5,415	5,772	5,022

Data as of Apr 3, 2026

Cash Flow Statement

Operations · Investing · Financing

Section Score

6.5/10

ON Semiconductor has generated solid operating cash overall, with CFO between $1.8 billion and $2.6 billion from FY2021 to FY2024, though it softened to $1.76 billion in FY2025 and $1.40 billion TTM. Free cash flow was healthy at $1.42 billion in FY2025 and $1.18 billion TTM, helped by lower capital spending after the FY2023 peak, when CapEx reached $1.54 billion and FCF fell to $438 million. That said, cash flow quality is uneven: net income dropped to $124 million in FY2025 while CFO remained strong, reflecting sizeable non-cash items and working-capital swings in receivables, inventories, and accrued expenses. Capital allocation has been aggressive, with $1.38 billion of buybacks in FY2025 and $1.42 billion TTM, plus large investment activity, while debt reduction was mixed. Overall, cash generation is solid but not especially stable.

Financials are in millions USD unless otherwise specified

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow	1,397	1,760	1,906	1,978	2,633	1,782
Operating Cash Flow Growth	-30.52%	-7.69%	-3.60%	-24.90%	47.76%	101.52%
Free Cash Flow	1,181	1,419	1,212	438.4	1,597	1,337
Free Cash Flow Growth	-16.74%	17.01%	176.55%	-72.55%	19.42%	167.11%

Data as of Apr 3, 2026

Key Ratios

Liquidity · Leverage · Efficiency · Returns

Section Score

5.5/10

Liquidity is strong, with both the current ratio and quick ratio rising to very comfortable levels in FY2024 and staying well above 2x in the current period, suggesting short-term obligations are covered easily. Leverage is moderate: debt-to-equity has stayed around 0.3–0.6x, but debt-to-EBITDA spiked in FY2025 before easing, showing some volatility in balance-sheet stress. Efficiency has weakened over time, as asset turnover and inventory turnover both trended lower, indicating less productive use of assets and slower inventory movement than in earlier years. Profitability and returns have also softened materially: ROE, ROA, ROIC, and ROCE all fell sharply from FY2021–FY2023 levels, with only partial recovery most recently. Overall, the profile is mixed but weaker than its earlier period.

Ratios are dimensionless unless otherwise noted

Metric	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 21, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.41	0.39	0.38	0.33	0.49	0.64
Quick Ratio	2.76	2.61	3.19	1.57	1.82	1.4
Current Ratio	4.87	4.52	5.06	2.71	2.78	2.45
ROEReturn on Equity (ROE)	7.67%	1.50%	18.95%	31.21%	35.22%	24.78%
ROAReturn on Assets (ROA)	4.38%	0.60%	11.10%	17.37%	17.61%	12.29%
ROICReturn on Invested Capital (ROIC)	6.65%	0.91%	17.05%	28.80%	29.56%	18.26%
ROCEReturn on Capital Employed (ROCE)	5.48%	0.70%	14.86%	24.24%	26.22%	17.08%

Data as of Jul 21, 2026

Growth

Revenue · EPS · Valuation · Estimates

Section Score

6.5/10

ON Semiconductor shows a clear cyclical pattern: strong growth in 2022, near-flat performance in 2023, then sharp declines in 2024 and 2025 before analysts model a gradual recovery in 2026 and 2027. Revenue growth moves from contraction to a steadier rebound, suggesting normalization after a downturn rather than a rapid reacceleration. EPS has been far more volatile than revenue, with a steep drop in the latest historical year followed by a projected rebound, implying margin recovery may lag the revenue turn but then improve. Forward P/E falls from 28.87 to 20.74 as growth strengthens, which looks more aligned with the outlook. Sentiment is constructive: Buy consensus, 29 analysts, and a stable recommendation mix with a modest tilt toward improvement.

Analyst Price Targets

Low$85-5.58%

Median$110+22.20%

Average$113.52+26.11%

High$150+66.63%

BuyConsensus rating based on analyst coverage

29 analysts

Recommendation Trends

Rating	Jul '26	Jun '26	May '26	Apr '26	Mar '26	Feb '26
Strong Buy	10	10	13	13	10	10
Buy	1	1	1	1	1	2
Hold	18	18	19	19	23	23
Sell	0	0	0	1	0	0
Strong Sell	0	0	0	0	0	0
Total	29	29	33	34	34	35

Forecast · Analyst Estimates

Revenue This Year6.48B

+8.14%from 6.00B

FY 2026

Revenue Next Year7.21B

+11.27%from 6.48B

FY 2027

EPS This Year· non-GAAP adj.3.12

+32.68%

FY 2026

EPS Next Year· non-GAAP adj.4.34

+39.10%

FY 2027

Historical · Reported Actuals

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	6.00B	7.08B	8.25B	8.33B	6.74B
Revenue Growth	-15.35%	-14.19%	-0.88%	+23.53%	—
EPS (GAAP diluted)	0.29	3.63	4.89	4.25	2.27
EPS Growth	-92.01%	-25.77%	+15.06%	+87.22%	—

Revenue in USD · EPS per share · Price targets in USD

Data as of Dec 31, 2025 · Forecast EPS is analyst non-GAAP adjusted; historical EPS is GAAP diluted — not directly comparable.

Fair Value Estimation

DCF · -67.3% Margin of Safety · Overvalued

AI Fair Value Estimate (DCF)

$29.47vs$90.02

Margin of Safety-67.3%

Overvalued — Priced above estimated fair value

A discounted cash flow framework fits ON Semiconductor because the business is cash-generative and its operating ramp can be modeled with reasonable visibility through revenue, margin, and capital-intensity trends. The projected cash-flow path points to improving free cash flow as revenue grows modestly, EBITDA margins hold in the low-20s, and capital spending remains disciplined, while the widening gap between revenue and FCF growth suggests a gradual fade from early ramp-up to more mature cash generation.

AI Valuation Verdict

DCF is the right lens for ON Semiconductor because value is driven by the durability of operating cash flow rather than near-term market sentiment. Using a 9.8% discount rate and 4% terminal growth, the model assumes only modest 5-year revenue growth, stable low-20s EBITDA margins, and capex discipline, but the result remains highly sensitive to margin durability and the terminal assumptions. The valuation produces a fair value of 29.47 USD per share versus a current price of 90.02 USD, implying a -67.26% margin of safety and an Overvalued verdict. A bull case would require stronger growth, higher margins, or a lower discount rate; a bear case would come from margin pressure or weaker cash conversion.

DCF Assumptions

WACC

9.8%

Weighted avg cost of capital

Revenue Growth (5Y)

2.4%

CAGR assumption

EBITDA Margin

22.4%

Steady-state projection

CapEx / Revenue

10.9%

Capital investment

Terminal Growth

4.0%

Long-run growth rate

Projection Period

5 yrs

Explicit forecast horizon

Projected Cash Flows

Values in millions USD

Year	Revenue	EBITDA	FCF	Discounted FCF
Yr 1	6,322	1,197	408	372
Yr 2	6,449	1,342	462	383
Yr 3	6,578	1,379	668	505
Yr 4	6,709	1,593	740	509
Yr 5	6,963	1,902	941	590
Terminal Value (PV)				10,573

Sign in to see the full analysis

The Income Statement, Balance Sheet, Cash Flow, Key Ratios, Forecast, and Fair Value analysis are available to registered users — it's free.

Last Updated

Jul 21, 2026

Short Term

Medium Term

Long Term

Price Outlook

$90.38Price at Analysis

The path of least resistance looks modestly higher in the near term, with $91.34 and then $93.37 as the first resistance levels to reclaim. That said, the key downside risk is a loss of $88.93, which would expose $88.18 and then the weekly support area around $84.1 if selling pressure persists.

Technical Overview

ON’s technical profile is mixed in the near term but still constructive on the larger chart. Short-term momentum has softened, with the stock below its 20-day average and MACD negative, yet the trend framework is not fully damaged because price remains above the 200-day moving average and in Golden Cross territory. Medium-term signals are the most conflicted, as the sharp distance from the 50-day average contrasts with the healthier long-run trend. The most important levels to watch are $88.93 and $91.34 in the short term, followed by the weekly $84.1 support and $93.37 resistance band, which should help define whether the pullback stabilizes or extends.

Short Term

1 to 4 weeks

Neutral

ON’s short-term setup is mixed: the stock is still trading below its 20-day average and MACD remains below signal, which argues against clean momentum confirmation. However, RSI is neutral and the intraday surge has pushed price back near the daily pivot, so near-term direction is not yet decisive despite the elevated volatility.

Key Indicators

Price vs 20-day MA-5.55% below

Price vs 50-day MA-17.04% below

RSI (14-day)44.7

RSI InterpretationNeutral

MACD TrendBearish (below signal)

Bollinger PositionLower half

Volume TrendContracting

Support

$88.93$88.18$86.97

Resistance

$91.34$91.84$93.29

The closest short-term reference is the daily pivot at $90.13, with immediate support at $88.93 and resistance at $91.34. In a 1–4 week window, the market is likely to probe one of those nearby levels first, with $91.34 the first upside test and $88.93 the first downside buffer.

Medium Term

1 to 6 months

Neutral

The medium-term picture is also conflicted, with price materially below the 50-day average but still comfortably above the 200-day average and in Golden Cross territory. That combination suggests the broader trend is not broken, but the current pullback and sideways range position keep conviction at neutral rather than bullish.

Key Indicators

Price vs 50-day MA-17.04% below

Price vs 200-day MA+22.90% above

52-Week Range PositionMiddle third (51%)

Trend DirectionSideways

MA Cross SignalGolden Cross territory

Relative Volume0.11x avg

Support

$84.10$81.98$81.23

Resistance

$93.37$94.12$96.24

Weekly pivots place support at $84.1 and resistance at $93.37, with the weekly pivot at $88.74 sitting close to the current price and broadly overlapping the nearby price zone around the 50-day weakness. Over 1–6 months, those levels are the most relevant battlegrounds, with a retest of either $84.1 or $93.37 plausible as the intermediate range resolves.

Long Term

6 months and beyond

Bullish

Long-term structure remains constructive because ON is trading well above its 200-day moving average and the cross setup still favors an uptrend. Although the stock is off its 52-week high and the range is sideways, the broader trend remains above key long-duration support, which supports a bullish long-term bias.

Key Indicators

Price vs 200-day MA+22.90% above

52-Week High$134.92

52-Week Low$44.56

Distance from 52w High-33.0%

BB Bandwidth39.6%

MA CrossoverNone detected

Support

$86.80$75.70$56.86

Resistance

$123.82$135.25$153.76

The monthly structure shows broad support at $86.8, then $75.7 and $56.86, while resistance is layered at $123.82, $135.25, and $153.76. Over 6+ months, the key question is whether ON can hold above the upper-80s base and eventually work back toward the $123.82 area, while the 52-week high at $134.92 remains the major overhead reference.

Sign in to see the full analysis

See the full short, medium & long-term indicator breakdowns and support/resistance levels — free for registered users.

Frequently asked questions about ON Semiconductor Corporation

Does ON Semiconductor Corporation (ON) have an economic moat?: Yes, though a limited one. ON Semiconductor Corporation earns a Narrow Moat rating with a moat score of 51/100, indicating competitive advantages expected to persist for roughly 10–20 years. onsemi has a real but limited competitive advantage built around automotive, industrial, and power semiconductor design wins rather than broad platform dominance.
What is ON Semiconductor Corporation's moat score?: ON Semiconductor Corporation (ON) has a moat score of 51/100 with a Narrow Moat rating and a stable moat trend. The score is a weighted average of five pillar ratings: network effects, switching costs, intangible assets, cost advantages, and efficient scale. Its strongest pillar is switching costs (6.5/10).
Is ON stock overvalued or undervalued?: As of MoatScan's latest valuation, ON appears overvalued. The AI-estimated fair value is $29.47 versus a market price of $90.02 at the time of analysis, implying the stock traded about 67% above fair value. The estimate is based on a discounted cash flow (DCF) model and updates with each new financial analysis.
What is ON Semiconductor Corporation's fair value estimate?: MoatScan estimates ON Semiconductor Corporation's (ON) fair value at $29.47 per share, derived from a discounted cash flow (DCF) model built on the company's reported financials, analyst growth forecasts, and a discount rate reflecting its cost of capital. See the Financial Analysis tab for the full assumptions behind the estimate.

View all

View all narrow moat stocks

Disclaimer: The analysis on this page is generated by AI and is provided for informational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any security. Always conduct your own due diligence and consult a qualified financial adviser before making any investment decisions.

ON$90.02

Sign in to see the full analysis

Sign in to see the full analysis

Sign in to see the full analysis

Frequently asked questions about ON Semiconductor Corporation

Other Narrow Moat companies