MACOM Technology Solutions Holdings, Inc. (MTSI) vs ON Semiconductor Corporation (ON)

MACOM Technology Solutions Holdings, Inc. and ON Semiconductor Corporation are both Semiconductors companies. ON Semiconductor Corporation is the larger, with a market value of $29.0B against $22.0B — 1.3× the size. ON Semiconductor Corporation trades at the lower P/E: 48.9× against 89.2×. MACOM Technology Solutions Holdings, Inc. grew revenue faster over the last twelve months: 28.4% against −3.14%. MACOM Technology Solutions Holdings, Inc. has the higher net margin (20.7% vs 10.2%) and the higher return on invested capital (10.3% vs 5.33%). Across the 22 metrics below, MACOM Technology Solutions Holdings, Inc. leads on 11 and ON Semiconductor Corporation on 11.

Valuation

Metric MTSI ON Semiconductors median
P/E 89.24 48.86 49.41
P/S 18.73 4.86 8.58
P/B 14.15 4.16 5.49
Price to free cash flow 112.26 19.64 47.02
EV/EBITDA 78.55 20.90 30.78
EV/Sales 18.51 4.96 8.79
Earnings yield 1.12% 2.05% 0.62%
Free cash flow yield 0.89% 5.09% 0.59%

Profitability

Metric MTSI ON Semiconductors median
Gross margin 56.54% 37.72% 52.25%
Operating margin 18.11% 10.81% 4.85%
Net margin 20.70% 10.17% 4.77%
Free cash flow margin 16.68% 24.76% 8.65%
Return on equity 17.18% 8.29% 3.11%
Return on assets 11.61% 4.74% 1.91%
Return on invested capital 10.26% 5.33% 2.46%

Growth

Metric MTSI ON Semiconductors median
Revenue growth (TTM) 28.36% (3.14%) 16.66%
EPS growth (last fiscal year) (170.19%) (92.01%) —
Revenue growth, 5-year CAGR 12.78% 2.67% 5.60%
Net income growth, 5-year CAGR 0.00% (12.37%) 0.00%

Health

Metric MTSI ON Semiconductors median
Debt to equity 0.26 0.62 0.05
Current ratio 2.34 3.46 3.35
Net debt to EBITDA (1.15) 0.58 0.58

Dividend

Metric MTSI ON Semiconductors median
Dividend yield — — 1.93%
Payout ratio 0.00 0.00 0.00

Size

Metric MTSI ON Semiconductors median
Market cap 21.95b 29.03b 5.67b

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