ON Semiconductor Corp. Adjusts Valuation Grade Amid Ongoing Financial Challenges

ON Semiconductor Corp., a midcap player in the Other Electrical Equipment industry, has recently undergone an evaluation adjustment that reflects a shift in its valuation grade. The company's valuation has transitioned from a classification of expensive to attractive, indicating a notable change in its financial metrics. Key financial indicators reveal a P/E ratio of 23, alongside a price-to-book value of 3.67. The enterprise value to EBIT stands at 22.12, while the EV to EBITDA is recorded at 14.88. Additionally, the enterprise value to capital employed is 3.55, and the EV to sales ratio is 4.47. The company's return on capital employed (ROCE) is reported at 16.05%, with a return on equity (ROE) of 15.99%. Despite these metrics, ON Semiconductor has faced challenges, reporting negative results for six consecutive quarters. The operating cash flow has reached a low of USD 1,832.1 million, and interest expenses have increased significantly. Over the past year, the stock has generated a return of -16.42%, contrasting sharply with the S&P 500's positive performance of 15.98%. For more insights into ON Semiconductor Corp.'s financial trends, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.