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 1.2 times as much as ON Semiconductor ($33.5B against $27.7B).
On earnings, ON Semiconductor is cheaper: it trades at 41.3× trailing earnings, against 46.7× for Microchip Technology.
Microchip Technology grew revenue faster over the last twelve months (33.0% versus 2.9% for ON Semiconductor).
Microchip Technology keeps more of each dollar of sales as profit, with a net margin of 15.0% compared with 10.8% at ON Semiconductor.
Microchip Technology pays a dividend yielding 3.0%; ON Semiconductor does not pay one.
Microchip Technology scores higher on the StockData Score (13 against 9 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 | $33.5B | $27.7B |
| Share price | $61.68 | $71.06 |
| Change, 1 year | 10.9% | 44.2% |
| Change, 5 years | −25.4% | 12.2% |
| Beta (5Y) | 1.71 | 1.62 |
| Employees | 18K | 26K |
| StockData Score | ||
| Total score | 13 (better) | 9 |
| Valuation score | 0 | 0 |
| Growth score | 3 (better) | 2 |
| Performance score | 2 | 2 |
| Health score | 5 | 5 |
| Dividend score | 3 (better) | 0 |
| Valuation | ||
| P/E | 46.7× | 41.3× (better) |
| P/S | 6.0× | 4.3× (better) |
| P/B | 5.0× | 3.7× (better) |
| EV/EBITDA | 21.1× | 17.8× (better) |
| P/FCF | 23.0× | 17.1× (better) |
| FCF yield | 4.3% | 5.8% (better) |
| Fair value | $43.98 | $53.28 |
| Margin of safety | −40.2% | −33.4% (better) |
| Growth | ||
| Revenue growth (TTM) | 33.0% (better) | 2.9% |
| Revenue growth, 5Y average | −2.8% | 2.7% (better) |
| Net income growth (TTM) | – | 116% |
| EPS growth (TTM) | – | 123% |
| EPS growth, 5Y average | −19.5% | −12.3% (better) |
| Profitability | ||
| Gross margin | 62.7% (better) | 38.7% |
| Operating margin | 20.9% (better) | 12.3% |
| Net margin | 15.0% (better) | 10.8% |
| FCF margin | 26.0% (better) | 25.4% |
| Return on equity | 12.6% (better) | 8.9% |
| Return on invested capital | 8.6% (better) | 7.7% |
| Financial health | ||
| Debt / equity | 0.83 | 0.59 (better) |
| Net debt / EBITDA | 2.77 | 0.06 (better) |
| Interest coverage | 5.7× | 13.6× (better) |
| Current ratio | 2.24 | 3.55 (better) |
| Altman Z-score | 3.75 | 4.62 (better) |
| Piotroski F-score | 6 (better) | 4 |
| Dividends and buybacks | ||
| Dividend yield | 3.0% | – |
| Payout ratio | 118% | – |
| Years of dividend growth | 17 | – |
| Dividend growth, 5Y average | 19.5% | – |
| Buyback yield | −0.19% | 4.2% (better) |
| Shareholder yield | 2.8% | 4.2% (better) |
| Ownership | ||
| Held by institutions | 100% | 104% |
| Held by insiders | 2.0% | 0.52% |
| Insider net buying, 12 months | −$70.9M | −$21.3M (better) |
| Superinvestors holding | 2 | – |
| Short interest, % of float | – | 7.4% |
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.