ON Semiconductor Corporation (ON): what the price assumes
In the published model solve dated 2026-Q2, anchored at $72.24, ON Semiconductor Corporation (ON) is priced for today's economics sustained for ~15.5 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. Narrative composed 2026-06-27.
Generated: 2026-08-30 · Source: https://boothcheck.com/report/ON
Headline
| Field | Value |
|---|---|
| Ticker | ON |
| Company | ON Semiconductor Corporation |
| Current price | $72.24/sh |
| Composition | Intelligent Power 50% / Intelligent Sensing 19% / Other 30% |
What The Price Assumes (Inversion)
The assumption today's price embeds, recovered by inverting the valuation.
| Field | Value |
|---|---|
| Inversion basis | whole-company |
| Operating margin (value-band context) | 30.3% |
| Operating margin today | 10.8% |
| Margin expansion (value-band) | +19.5pp |
| Must persist for | 15.5y |
| Multiple paid | 44x operating income |
The operating-margin figure is value-band context at year 12: derived from the framework's value band, a separate calculation — not part of the priced-in solve.
Solve inputs: computed at a 12.3% cost of capital; growth searched up to the 25% self-funding ceiling.
How unusual the bet is: within-range (limited comparison data)
| Reference | Value |
|---|---|
| vs own history | +0.06σ |
| cohort percentile (of 188 peers) | 76 |
Valuation X-Ray
Every valuation family lands below the price. The price therefore sits beyond what those standard frames encode.
How the valuation models price the stock relative to the market price. Price/FV above 1.0 means the market pays more than that lens defends (expensive); at or below 1.0 the lens can defend the price.
| Family | Median price/FV | Models | Reads |
|---|---|---|---|
| Asset | 4.25x | 5 | expensive |
| Earnings | 1.98x | 5 | expensive |
| Relative | 3.48x | 2 | expensive |
| Growth | 1.81x | 3 | expensive |
Families that call it expensive: Asset, Earnings, Relative, Growth
The models below discount at their own flat-beta convention rates (cost of equity 9.3%, WACC 7.8%); the inversion above states its own rate.
Per-Model Detail (n=15)
| Model | Family | FV | Price/FV | Applicable | Methodology |
|---|---|---|---|---|---|
| DCF Perpetual Growth | Growth | $40.01 | 1.81x | yes | FCF base $1.5B, growth -2% (input: historical growth), terminal g 0.5%, WACC 7.8%, 5yr projection |
| DCF Exit Multiple | Growth | $63.31 | 1.14x | yes | Exit EV/EBITDA: 29.5x / 31.5x / 33.5x (bear / base = today's held flat / bull), 5yr |
| Relative Valuation | Relative | — | — | no | P/E 28.79x (blended: static sector reference 22x + trailing (TTM) 45x), scenarios: 24.3x / 28.8x / 33.3x (bear / base = reference held flat / bull), EV/EBITDA 20.66x |
| Simple DDM | Growth | — | — | no | — |
| Two-Stage DDM | Growth | — | — | no | — |
| Simple Excess Return | Asset | $17.50 | 4.13x | yes | BV/sh $18.54, ROE (TTM) 8.7%, ke 9.3% |
| Two-Stage Excess Return | Asset | $17.00 | 4.25x | yes | 5yr excess ROE then converge to ke=9.3% |
| Discounted Future Market Cap | Growth | $39.49 | 1.83x | yes | Rev $6.2B, growth -2% (input: historical growth; tapered), Terminal P/S: 3.8x / 4.5x / 5.2x (bear / base = today's held flat / bull, cap 8x) |
| Peter Lynch Fair Value | Relative | $18.12 | 3.99x | yes | EPS $1.51, growth 11% (input: historical EPS growth), PEG=4.17 (Overvalued) |
| Margin Trajectory | Growth | — | — | no | — |
| Earnings Power Value | Earnings | $39.48 | 1.83x | yes | Normalized EBIT (5y avg op income, one-time charges added back) $1.83B × (1−21%) / WACC 7.8% → EPV (no growth) |
| Residual Income | Asset | $16.92 | 4.27x | yes | BV $18.54 + 5yr PV of (ROE (TTM) 8.7% − Kₑ 9.3%) × BV; BV grows 5.7%/yr |
| Graham Number | Asset | $25.10 | 2.88x | yes | √(22.5 × EPS $1.51 × BVPS $18.54) — Graham's conservative floor |
| EV/EBITDA Relative | Relative | — | — | no | EBITDA $0.96B × sector EV/EBITDA 16.0x |
| FCF Yield | Earnings | $36.48 | 1.98x | yes | FCF $1500.4M / Kₑ 9.3% — zero-growth perpetuity |
| SBC-Adj FCF Yield | Earnings | $32.29 | 2.24x | yes | SBC-adj FCF $1.35B (FCF $1.50B − SBC $0.15B) capitalized at Kₑ |
| Ben Graham Formula | Earnings | $37.86 | 1.91x | yes | EPS $1.51 × (8.5 + 2×10.7%) × (4.4 / 5.3%) |
| ROIC-Justified P/B | Asset | $5.28 | 13.68x | yes | BV $18.54 × (ROIC 2.2% / WACC 7.8%) |
| P/Sales Sector | Relative | — | — | no | Revenue $6.20B × sector P/S 5.0x |
| PEG Fair Value | Relative | $24.25 | 2.98x | yes | EPS $1.51 × (PEG 1.5 × growth 10.7% (input: historical EPS growth)) → PE 16.1x |
| Earnings Yield | Earnings | $16.32 | 4.43x | yes | EPS $1.51 / required return 9.3% (Rf 4.3% + ERP 5.0%) |
| Funds From Operations Multiple | Relative | — | — | no | — |
| Clinical Phase NPV | Growth | — | — | no | — |
| Merton | Asset | — | — | no | — |
| V5 Mechanical | — | — | — | no | — |
Economic-Unit Decomposition (Sum Of The Parts)
One or more material disclosed units has unresolved economics. Unknown/general is not evidence of homogeneity: segment SOTP is primary but incomplete, consolidated cash flow may remain only a secondary cross-check when every unit shares an enterprise basis, and one sector multiple or target margin is withheld.
| Unit | Role | Valuation basis | Revenue | Reported profit | Value evidence | Status |
|---|---|---|---|---|---|---|
| PSG (Power Solutions Group) | operating | enterprise | $2.8b | — | withheld | unresolved no unit value |
| AMG (Analog and Mixed-Signal Group) | operating | enterprise | $2.3b | — | withheld | unresolved no unit value |
| ISG (Intelligent Sensing Group) | operating | enterprise | $928.4m | — | withheld | unresolved no unit value |
No total common-equity value is stated. One or more material units lack a supported unit value. The displayed values are an indicative subtotal; consolidated debt and cash cannot be applied to a fraction of the company.
Solvency
| Field | Value |
|---|---|
| Net debt | $663.7m |
| Net debt / NOPAT (after-tax) | 1.25x |
| Net debt / operating income (pre-tax) | 0.99x |
| Interest coverage | 10.9x |
| Share count CAGR (buyback) | -2.5% |
| Burning cash | no |
Bullet Takeaways
The decisive number for ON is the automotive line. In Q1 2026 automotive revenue grew nearly 5% year over year, the first year-over-year growth after seven straight quarters of decline. If that inflection is real, the cycle is turning; if it is a head fake, the price has a long way to fall.
At $121.52 no valuation family reaches the price. The methods cluster far below, with a blended estimate near $23, and the price is rich on assets, earnings power, peers and even forward growth. Inverting the price implies roughly 29 years of high-end compounding, an extreme duration.
The business is solid through the cycle but currently mid-cycle, not peak. Trailing operating margin is 10%, against a normalized figure near 7.5%, with net debt around $625 million and interest coverage near 6.9x. The price assumes the silicon-carbide and AI-data-center growth more than offsets the cyclicality; the methods say it has to be flawless for a very long time.
Bull Case
Anchor on the one number that flips the verdict: automotive revenue growth. ON Semiconductor's automotive business reached $797 million in Q1 2026, roughly flat sequentially but up nearly 5% year over year, the first year-over-year increase after seven consecutive quarters of decline. For a company whose largest end market is autos, that inflection is the whole signal. Seven quarters of decline pulled the stock and the earnings down to a cyclical low; a turn in that line means the trough is behind, and operating leverage works in reverse, expanding margins as volumes recover.
The growth content layered on top is what makes the recovery more than cyclical. ON's Intelligent Power segment, half of revenue, is built around silicon carbide for electrified vehicles, and management cited silicon-carbide content at roughly 55% share of new EV models shown at the 2026 Beijing Auto Show. The 10-K frames the strategy around "development initiatives to accelerate growth in high-margin products" and a 2025 acquisition to deepen the portfolio (FY2025 10-K, accession 0001097864-26-000006). On top of EVs, the AI data-center business grew more than 30% sequentially in Q1 and management expects it to double year over year in 2026. Power semiconductors into both EVs and AI infrastructure is a structurally growing demand base, not just a cyclical bounce.
The quarter showed the model is intact even at mid-cycle. Q1 2026 revenue of $1,513 million beat the guidance midpoint, GAAP gross margin held at 38.5%, and non-GAAP operating margin was 19.1% with non-GAAP EPS of $0.64 ahead of the $0.61 estimate. Management guided FY2026 revenue to about $6.29 billion and FY2027 to $6.94 billion. The balance sheet is sound, with net debt near $625 million and interest coverage close to 7x, and the share count is shrinking about 3% a year. If the automotive cycle has genuinely turned and the silicon-carbide and AI content keeps compounding, the earnings power two years out is well above the trailing trough that the static methods are anchored on.
Bear Case
Lead with the plain disconnect, not a ratio: the price is telling a growth story that the company's own economics do not yet support. ON is a cyclical semiconductor manufacturer whose trailing operating margin is 10% and whose through-cycle normalized margin is closer to 7.5%. The market is pricing it as a secular compounder. At $121.52 (June 27, 2026) no valuation family reaches the price, and the gap is not small: the blended central estimate sits near $23. When every method, asset, earnings-power, peer-multiple and forward-growth, lands far below the price, the price is a bet on something the standard frames cannot see, and the burden of proof is on the bull.
Now the numbers as evidence. Inverting the price implies sustaining high-end growth for about 29 years, and the rarity check is elevated with the fade assumption tripped, meaning that persistence is well beyond the base rate. The reliability flag on the implied range is low precisely because the answer depends so heavily on assumptions the trailing data does not yet confirm. The single year-over-year uptick in automotive revenue is encouraging, but one quarter of roughly 5% growth after a long decline is a thin foundation for a multi-decade compounding assumption.
The cyclicality is the structural truth. Semiconductor manufacturing is fixed-cost heavy; when demand softens, utilization falls and gross margin compresses fast. The 10-K acknowledges that changes "to customer demand or based on business strategy" and the need to invest in capacity "may adversely impact" results, and warns that "competitive pressures may limit our ability to raise prices," with any inability to maintain or raise pricing hurting revenue (FY2025 10-K, accession 0001097864-26-000006). EV demand has already proven lumpy, and silicon-carbide pricing faces aggressive competition, particularly from Chinese suppliers. If the automotive recovery stalls or AI data-center demand normalizes, ON re-rates toward its cyclical earnings, and the methods that all sit far below the price are where that re-rating lands. Paying $121.52 for a 10%-margin cyclical priced for 29 years of compounding leaves no room for the cycle to disappoint.
Valuation
ON's valuation is the clearest possible case of a price that exceeds every method. The blended central estimate is near $23 against a price of $121.52, and no family reaches the price: the asset family values the stock at roughly an eighth of the price, the earnings-power family at under a quarter, the peer-multiple and forward-growth families at under half. Even the most generous individual reads, a DCF exit multiple near $90 and a P/sales near $77, sit below the price. The growth family is the least far below, consistent with a market pricing ON as a secular grower, but it still does not clear the bar.
The inversion makes the assumption explicit. With current operating margin around 10% and a normalized figure near 7.5%, backing out the price requires sustaining growth at the high-end ceiling for about 29 years. That is among the longest implied durations a cyclical can carry, and the reliability flag is low while the rarity assessment is elevated with the fade check tripped. The methods are not saying ON is a bad business; they are saying the price already pays for nearly three decades of flawless, uninterrupted compounding from a company whose end markets visibly move in cycles.
The balance sheet supports the business but not the price. Net debt near $625 million against $2.4 billion of liquid assets, interest coverage close to 7x, and a shrinking share count mean there is no financial fragility; ON can invest through the cycle. What the balance sheet cannot do is shorten the 29-year duration the price requires or smooth the cyclicality of the margins. The honest read is that the price embeds a best-case secular-growth scenario, and the entire spread between the price and the methods is the optionality on silicon carbide and AI data center proving large and durable. If that optionality delivers, the price is defensible; if the cycle reasserts, the methods are the gravity.
Catalysts
ON Semiconductor reported Q1 2026 on May 6, 2026: revenue of $1,513 million above the guidance midpoint, GAAP gross margin of 38.5%, non-GAAP operating margin of 19.1%, and non-GAAP EPS of $0.64 against a $0.61 estimate (Q1 2026 earnings release). The standout was automotive revenue of $797 million, up nearly 5% year over year after seven quarters of decline, alongside AI data-center revenue growing more than 30% sequentially (Seeking Alpha).
The catalysts ahead are the durability of those two trends. Management guided Q2 2026 revenue to $1.535 to $1.635 billion and EPS of $0.65 to $0.77, and framed FY2026 revenue near $6.29 billion rising to $6.94 billion in FY2027, with AI data-center revenue expected to double year over year (Investing.com). Watch three things over the next two quarters: whether automotive revenue posts a second consecutive year-over-year gain confirming the cycle turn, whether AI data-center momentum holds at the pace management projects, and whether gross margin recovers toward the 40s as utilization improves. Confirmation on both end markets would support the secular-growth read the price assumes; an automotive stall or silicon-carbide pricing pressure would pull the stock back toward the valuation methods, which all sit far below the current price.
Peer Cohorts (Per Segment, With Filing Citations)
PSG (Power Solutions Group) (reported)
- STM (STMicroelectronics N.V.)
- FY2025 20-F: …MEMS and Sensors ("AM&S") reportable segment Analog Integrated Circuits We develop a broad range of innovative smart power and analog ICs, comprising both application specific and general-purpose analog products. These serve a wide spectrum of markets and applications including automotive, smart grid, cloud…
- FY2025 20-F: (iii) in Personal Electronics: engaged customer programs in sensors and analog; (iv) in Communication Equipment and Computer Peripherals: data centers, including cloud optical interconnect and Power and Analog for AI servers and data centers and low earth orbit ("LEO") satellites. We are also uniquely positioned to…
- MPWR (MONOLITHIC POWER SYSTEMS INC)
- FY2025 10-K: 25 through 2027) average revenue growth rate in excess of the analog industry's three-year average revenue growth rate as published by the Semiconductor Industry Association (the "SIA"). For the second goal, the executive officers can earn up to 200 % of the target number of the 2025 Executive PSUs based on the…
- FY2025 10-K: …the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on such statements, which speak only as of the date of this Annual Report on Form 10-K and entail significant risks. Readers should carefully review future reports and documents that we file from time to time with the Securities…
- POWI (POWER INTEGRATIONS, INC.)
- FY2025 10-K: …current ("DC") or vice versa, reducing or increasing the voltage, and regulating the output voltage and/or current according to the customer's specifications. A large percentage of the Company's products are ICs used in AC-DC power supplies, which convert the high-voltage AC from a wall outlet to the low-voltage DC…
- FY2025 10-K: …with alternatives from such companies as Infineon, Mitsubishi Electric, Fuji Electric, Semikron and Hangzhou Firstack Technology Co., as well as driver circuits made up of discrete devices. Our motor-driver ICs compete with power modules from such companies as ON Semiconductor, Infineon, STMicroelectronics,…
- NVTS (Navitas Semiconductor Corporation)
- FY2025 10-K: …as GaN-based and SiC-based power semiconductors. Our competitors include both global semiconductor companies with diversified product portfolios and smaller semiconductor companies with a narrow product or market focus. Similarly, our competitors include companies that outsource manufacturing and foundry services…
- FY2025 10-K: …win traction, including the Company's ability to ramp new high-power products; • pace at which technology is adopted in our end markets; • the stage of our products in their respective life cycles; • the effects of competition and competitive pricing strategies, particularly in the mobile and consumer markets…
- DIOD (DIODES INC /DEL/)
- FY2025 10-K: -DC switching, photocoupler, linear voltage regulators, voltage references, LED drivers, power switches, and voltage supervisors. We also have timing and connectivity solutions including clock ICs, crystal oscillators, PCIe packet switches, multi-protocol switches, interface products, and signal integrity solutions…
- FY2025 10-K: …automotive, industrial, computing, communication, and consumer electronic products; and Contact Image Sensor (CIS), an input device widely applied on, among other things, high-speed copy machines, check scanners, banknote identification validators (ATM, banknote detectors) and industrial inspection equipment…
- VSH (VISHAY INTERTECHNOLOGY INC)
- FY2025 10-K: …technologies, and packaging methods have been invented, designed, and developed by Dr. Zandman, our engineers, and our scientists. Our components today are smaller, faster, and more reliable than in the past, helping our customers to be more inventive and evolve their businesses. Our components are used by virtually…
- FY2025 10-K: …needed. By increasing our capacity and capabilities, we are also enhancing our ability to support all the business channels, while maximizing the profitability of each one through a focus on higher margin customers. We are providing greater technical support and engaging with customers' in-house design engineers…
- NXPI (NXP Semiconductors N.V.)
- FY2025 10-K: …as well as Wi-Fi and Wi-Fi/Bluetooth integrated SoCs. These products are integrated into a wide variety of end devices, such as mobile phones, wearables, enterprise access points, home gateways, voice assistants, multimedia devices, gaming consoles, printers, automotive infotainment and smart industrial devices. v.…
- FY2025 10-K: RF transistors. NXP's solutions range from sub-6GHz to 40GHz and from milliwatts to kilowatts. For base stations, NXP offers a full range of solutions addressing 5G RF power amplification needs from MIMO to massive MIMO based active antenna systems for cellular and millimeter Wave (mmWave) spectrum bands. We are…
- TXN (TEXAS INSTRUMENTS INCORPORATED)
- FY2025 10-K: …by other semiconductors, such as embedded processors. Analog semiconductors are also used to manage power in all electronic equipment by converting, distributing, storing, discharging, isolating and measuring electrical energy, whether the equipment is plugged into a wall or using a battery. As the digitization of…
- FY2025 10-K: …products are the digital "brains" of many types of electronic equipment. They are designed to handle specific tasks and can be optimized for various combinations of performance, power and cost, depending on the application. Our products vary from wireless connectivity and simple, low-cost devices such as…
AMG (Analog and Mixed-Signal Group) (reported)
- TXN (TEXAS INSTRUMENTS INCORPORATED)
- FY2025 10-K: …to revenue growth, improved gross margins, disciplined R&D and SG&A expense, free cash flow margins and ultimately to free cash flow per share growth. 2 We believe that our business model with the combined effect of our four competitive advantages sets TI apart from our peers and will for a long time to come. We will…
- FY2025 10-K: …whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the…
- ADI (ANALOG DEVICES INC)
- FY2025 10-K: …Analog Devices or the Company) is a global semiconductor leader dedicated to solving our customers' most complex engineering challenges. We deliver innovations that connect technology to human breakthroughs and play a critical role at the intersection of the physical and digital worlds by providing the building…
- FY2025 10-K: …end customers. Our analog ICs typically have long product life cycles. Our customers include original equipment manufacturers (OEMs) and customers who build electronic subsystems for integration into larger systems. We continue to expand our capabilities in software, digital platforms and AI to support the evolving…
- MPWR (MONOLITHIC POWER SYSTEMS INC)
- FY2025 10-K: …partners utilize prior to shipping to our customers. The manufacturing facilities we utilize in Asia enable us to benefit from shorter manufacturing cycle times and lower labor and overhead costs. We have expanded our product testing capabilities in these facilities and are able to take advantage of the rich pool of…
- FY2025 10-K: 2025, 2024 and 2023, respectively. Our sales are made primarily pursuant to standard individual purchase orders. Our backlog consists of orders that we have received from customers that have not yet shipped. Because orders in backlog may be subject to cancellation or postponement, and backlog at any particular date is…
- NXPI (NXP Semiconductors N.V.)
- FY2025 10-K: …defined vehicle (SDV) middleware for the growing ecosystems in & around vehicles, smart factories, robotics, homes and buildings. Enabling innovation at our customers as well as reducing complexity, integration efforts and shorten time to market is a key element of our strategy. We believe we have the broadest Arm…
- FY2025 10-K: …100 % 8" 0.18-0.50 CMOS, eNVM, BCDMOS Chandler RF, United States 100 % 6" 0.25-0.40 GaN Austin (Ed Bluestein), United States 100 % 8" 0.09-0.18 CMOS, eNVM, BCDMOS, Radar Back-end Kaohsiung, Taiwan 100 % - - NFC, Automotive Car-access, In-Vehicle Networking, Micro-controllers, ADAS (Radar), Analog, Mixed-Signal and…
- MCHP (MICROCHIP TECHNOLOGY INCORPORATED)
- FY2025 10-K: …balances of the Company's receivables. Note 3 . Geographic and Segment Information The Company's business is made up of two operating segments, semiconductor products and technology licensing. These segments represent management's view of the business for which separate financial information is available and…
- FY2025 10-K: …product line decreased approximately 42.6% in fiscal 2025 compared to fiscal 2024. The decrease in net sales was primarily due to adverse economic conditions, including slowing economic activity, increasing business uncertainty, persistent inflation, high interest rates, and shorter product lead times, which factors…
- SLAB (SILICON LABORATORIES INC.)
- FY2025 10-K: …experience and know-how to enable the rapid release of a new product for commercial success. We have accumulated a vast set of trade secrets that allow us to pursue innovative approaches to mixed-signal problems that are difficult for competitors to duplicate. We highly value our engineering talent and strive to…
- FY2025 10-K: …in our backlog are subject to changes in delivery schedules or cancellation at the option of the purchaser, typically without penalty. Our backlog may fluctuate significantly depending upon customer order patterns which may, in turn, vary considerably based on rapidly changing business circumstances. Accordingly, we…
- STM (STMicroelectronics N.V.)
- FY2025 20-F: …MEMS and Sensors ("AM&S") reportable segment Analog Integrated Circuits We develop a broad range of innovative smart power and analog ICs, comprising both application specific and general-purpose analog products. These serve a wide spectrum of markets and applications including automotive, smart grid, cloud…
- FY2025 20-F: …Discrete products ("P&D") reportable segment to Analog products, MEMS and Sensors ("AM&S") reportable segment. • In Microcontrollers, Digital ICs and RF products (MDRF) Product Group: • the newly created ‘Embedded Processing' reportable segment includes the former ‘MCU' segment (excluding the RF ASICs mentioned…
ISG (Intelligent Sensing Group) (reported)
- STM (STMicroelectronics N.V.)
- FY2025 20-F: …MEMS and Sensors ("AM&S") reportable segment Analog Integrated Circuits We develop a broad range of innovative smart power and analog ICs, comprising both application specific and general-purpose analog products. These serve a wide spectrum of markets and applications including automotive, smart grid, cloud…
- FY2025 20-F: (iii) in Personal Electronics: engaged customer programs in sensors and analog; (iv) in Communication Equipment and Computer Peripherals: data centers, including cloud optical interconnect and Power and Analog for AI servers and data centers and low earth orbit ("LEO") satellites. We are also uniquely positioned to…
- NXPI (NXP Semiconductors N.V.)
- FY2025 10-K: …on Microelectronics and Communication Technologies ("IPCEI ME/CT") in multiple EU member states, the duration of which is planned to run until the end of 2029. The conditions to receive the IPCEI ME/CT government assistance include restrictions on eligible expenditures, employment retention, annual budget…
- FY2025 10-K: …processors, connectivity, and security solutions, these NPU's help form a scalable platform for AI-powered edge systems. In Automotive, our S32x Automotive Processing Platform offers scalability across products and multiple application domains based on Arm Cortex-A, Cortex-R, and Cortex-M cores up to Automotive…
- OSIS (OSI SYSTEMS, INC.)
- FY2025 10-K: …present attractive competitive dynamics. We intend to achieve this strategy through internal growth and through selective acquisitions. Acquiring New Technologies and Companies. Our success depends in part on our ability to continually enhance and broaden our product offerings in response to changing technologies,…
- FY2025 10-K: …from the prototype stage to mass production. Our electronics manufacturing services are provided primarily under the trade names "OSI Electronics," "APlus Products," "Altaflex," and "PFC Flexible Circuits." Patient Monitoring and Cardiology and Remote Monitoring. Our Healthcare division designs, manufactures and…
- MBLY (Mobileye Global Inc.)
- FY2025 10-K: …Mobileye sensor product. We expect Intel will continue to beneficially hold a majority of the voting power of our common stock and we and Intel expect to continue as strategic partners, collaborating on projects to pursue the growth of computing in the automotive sector. Intel may from time to time make strategic…
- FY2025 10-K: …and cost-effective solutions to our customers. ● Accelerate our roadmap of next generation proprietary EyeQ ™ SoCs - We believe that we have created the standard for processors focused on Compound AI systems that control perception, including computer vision. Our EyeQ™ SoCs are purpose-built for sensing and…
Methodology Note
- Priced-in inversion: the valuation is inverted on the current price to recover the operating-income growth, duration, and steady-state margin the price embeds (ROE for financials, FFO growth for REITs).
- Valuation x-ray: the valuation models, grouped into four families (asset, earnings, relative, growth). Each model is expressed as a price/FV ratio (distance from price), not a point fair-value estimate. The spread across families is the disagreement.
- Economic-unit decomposition (SOTP): each disclosed business unit is assigned its native valuation basis before any multiple is applied. Operating units are valued on enterprise value; funded financial units are valued on their own common equity, because their borrowings fund earning assets rather than levering the parent. A company total is stated only once every material unit carries a supported value and the parent capital bridge reconciles.
- Solvency: net cash/debt, net-debt-to-NOPAT, interest coverage, and share-count CAGR from EDGAR financials (net debt / FFO and fixed-charge coverage for REITs; regulatory-capital framing for financials).
- Peer cohorts: per-segment comparables with deep-linkable SEC filing citations.
Fundamentals sourced from SEC EDGAR filings. Current price from Databento. The priced-in inversion and valuation x-ray are computed by the boothcheck engine; narrative composed by AI from the structured data.