Microchip Technology vs ON Semiconductor
MCHP and ON side by side, both in electronic components and accessories. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How MCHP and ON compare
Microchip Technology is the larger company, worth 1.5 times as much as ON Semiconductor ($42.0B against $27.9B).
On earnings, ON Semiconductor is cheaper: it trades at 45.9× trailing earnings, against 115× for Microchip Technology.
Microchip Technology grew revenue faster over the last twelve months (20.9% versus −3.1% for ON Semiconductor).
ON Semiconductor keeps more of each dollar of sales as profit, with a net margin of 10.2% compared with 9.3% at Microchip Technology.
Microchip Technology pays a dividend yielding 2.4%; ON Semiconductor does not pay one.
Microchip Technology scores higher on the StockData Score (12 against 8 for ON Semiconductor), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | MCHP | ON |
|---|---|---|
| Size and price | ||
| Market cap | $42.0B | $27.9B |
| Share price | $77.34 | $71.67 |
| Change, 1 year | 23.7% | 39.4% |
| Change, 5 years | −9.8% | 21.2% |
| Beta (5Y) | 1.67 | 1.58 |
| Employees | 18K | 26K |
| StockData Score | ||
| Total score | 12 (better) | 8 |
| Valuation score | 0 | 0 |
| Growth score | 3 (better) | 1 |
| Performance score | 2 | 2 |
| Health score | 4 | 5 (better) |
| Dividend score | 3 (better) | 0 |
| Valuation | ||
| P/E | 115× | 45.9× (better) |
| P/S | 8.2× | 4.5× (better) |
| P/B | 6.5× | 3.9× (better) |
| EV/EBITDA | 32.0× | 19.5× (better) |
| P/FCF | 37.8× | 18.6× (better) |
| FCF yield | 2.6% | 5.4% (better) |
| Fair value | $33.00 | $51.54 |
| Margin of safety | −134% | −39.1% (better) |
| Growth | ||
| Revenue growth (TTM) | 20.9% (better) | −3.1% |
| Revenue growth, 5Y average | −2.8% | 2.7% (better) |
| Net income growth (TTM) | – | 35.3% |
| EPS growth (TTM) | – | 45.8% |
| EPS growth, 5Y average | −19.5% | −12.3% (better) |
| Profitability | ||
| Gross margin | 60.2% (better) | 37.7% |
| Operating margin | 15.5% (better) | 10.8% |
| Net margin | 9.3% | 10.2% (better) |
| FCF margin | 21.7% | 24.2% (better) |
| Return on equity | 7.2% | 8.3% (better) |
| Return on invested capital | 5.6% | 6.5% (better) |
| Financial health | ||
| Debt / equity | 0.83 | 0.62 (better) |
| Net debt / EBITDA | 3.46 | 0.41 (better) |
| Interest coverage | 3.7× | 10.9× (better) |
| Current ratio | 1.92 | 3.46 (better) |
| Altman Z-score | 4.28 | 4.64 (better) |
| Piotroski F-score | 6 (better) | 4 |
| Dividends and buybacks | ||
| Dividend yield | 2.4% | – |
| Payout ratio | 206% | – |
| Years of dividend growth | 17 | – |
| Dividend growth, 5Y average | 19.5% | – |
| Buyback yield | −0.15% | 5.3% (better) |
| Shareholder yield | 2.2% | 5.3% (better) |
| Ownership | ||
| Held by institutions | 100% | 104% |
| Held by insiders | 2.0% | 0.52% |
| Insider net buying, 12 months | −$71.1M | −$20.1M (better) |
| Superinvestors holding | 2 | – |
| Short interest, % of float | – | 7.7% |
Go deeper
- MCHP stock overview
- MCHP income statement
- MCHP valuation and score
- ON stock overview
- ON income statement
- ON valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.