What Is Onto Innovation Inc.'s (NYSE:ONTO) Share Price Doing?
What Is Onto Innovation Inc.'s (NYSE:ONTO) Share Price Doing?
Onto Innovation Inc. (NYSE:ONTO) received a lot of attention from a substantial price increase on the NYSE over the last few months. The recent share price gains has brought the company back closer to its yearly peak. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. However, could the stock still be trading at a relatively cheap price? Today we will analyse the most recent data on Onto Innovation's outlook and valuation to see if the opportunity still exists.
Onto Innovation公司（紐交所：ONTO）在過去幾個月中因股價大幅上漲受到了廣泛關注。最近的股價上漲使該公司的股價回到了年度高點附近。由於許多分析師一直在跟蹤該大型股票，我們可以預計任何價格敏感性的公告應該已經被納入了該股票的股價。然而，該股票仍然可能在相對便宜的價格交易嗎？今天我們將分析Onto Innovation的最新前景和估值數據，以確定這一機會是否還存在。
Is Onto Innovation Still Cheap?
Onto Innovation仍然便宜嗎？
Onto Innovation appears to be expensive according to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. We find that Onto Innovation's ratio of 78.96x is above its peer average of 29.77x, which suggests the stock is trading at a higher price compared to the Semiconductor industry. But, is there another opportunity to buy low in the future? Since Onto Innovation's share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
根據我們的價格倍數模型，Onto Innovation公司似乎有些昂貴。該模型通過比較公司市盈率和行業平均值來進行估值。在這種情況下，我們使用市盈率（PE）比率，因爲沒有足夠的信息可靠地預測該股票的現金流量。我們發現Onto Innovation的比率爲78.96倍，高於同行平均水平29.77倍，這表明該股票的股價比半導體行業更高。但是，未來是否還有買入股票的低價機會？由於Onto Innovation的股票價格相當波動，這可能意味着它未來可能還會下跌（或上漲），給我們另一個投資機會。這基於其高貝塔係數，這是一個衡量股票相對於市場的移動幅度的好指標。
Can we expect growth from Onto Innovation?
我們可以期待Onto Innovation的增長嗎？
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to more than double over the next couple of years, the future seems bright for Onto Innovation. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
尋求投資組合增長的投資者可能希望在購買其股票之前考慮一家公司的前景。雖然價值投資者會認爲最重要的是固有價值與價格的比較，但更有說服力的投資論點是高增長潛力與低價格的組合。隨着盈利預計在未來幾年翻番，Onto Innovation的未來似乎光明。這意味着股票的現金流量預計會更高，這應該反映在更高的股票估值上。
What This Means For You
這對您意味着什麼？
Are you a shareholder? ONTO's optimistic future growth appears to have been factored into the current share price, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe ONTO should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
您是股東嗎？ ONTO樂觀的未來增長似乎已經被納入了當前股票價格中，並且股價已經超過行業的價格倍數。然而，這引發了另一個問題，現在是賣出的正確時機嗎？如果您認爲ONTO應該低於當前價格，那麼在其價格下跌到行業市盈率比率附近時賣出高價，並再次購入是有利可圖的。但是，在做出此決定之前，請查看它的基本面是否發生變化。
Are you a potential investor? If you've been keeping tabs on ONTO for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive outlook is encouraging for ONTO, which means it's worth diving deeper into other factors in order to take advantage of the next price drop.
您是潛在投資者嗎？如果您一直關注ONTO，現在可能不是購買該股票的最佳時機。該股票價格已經超過其同行，這意味着可能已經沒有誤差修正向上的上升空間。但是，積極的前景對於ONTO是鼓舞人心的，這意味着值得深入了解其他因素，以利用下一次價格下跌。
Since timing is quite important when it comes to individual stock picking, it's worth taking a look at what those latest analysts forecasts are. So feel free to check out our free graph representing analyst forecasts.
由於個別股票選擇的時間非常重要，因此有必要查看最新的分析師預測。因此，可以免費查看錶示分析師預測的免費圖表。
If you are no longer interested in Onto Innovation, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您不再對Onto Innovation感興趣，可以使用我們的免費平台查看我們的另外50多種具有高增長潛力的股票列表。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。