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.
在過去的幾個月中，紐約證券交易所的價格大幅上漲，Onto Innovation Inc.（紐約證券交易所代碼：ONTO）受到了廣泛關注。最近的股價上漲使該公司接近年度峯值。由於許多分析師都在報道這隻大盤股，我們可能預計，任何對價格敏感的公告都已計入該股的股價。但是，該股票還能以相對便宜的價格交易嗎？今天，我們將分析有關Onto Innovation前景和估值的最新數據，看看機會是否仍然存在。
Is Onto Innovation Still Cheap?
Onto Innovation 還便宜嗎？
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似乎很昂貴，該模型將公司的市盈率與行業平均水平進行了比較。在這種情況下，鑑於沒有足夠的信息來可靠地預測股票的現金流，我們使用了市盈率（PE）。我們發現，Onto Innovation的78.96倍的比率高於同行平均水平的29.77倍，這表明與半導體行業相比，該股的交易價格更高。但是，未來還有其他低價買入的機會嗎？由於Onto Innovation的股價波動很大，這可能意味着它將來可能會下跌（或進一步上漲），從而爲我們提供另一次投資機會。這是基於其較高的貝塔值，這是一個很好的指標，可以很好地衡量股票相對於其他市場的波動幅度。
Can we expect growth from Onto Innovation?
我們能指望 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需要在購買公司股票之前考慮公司的前景。儘管價值投資者會爭辯說，最重要的是相對於價格的內在價值，但更有說服力的投資論點是以低廉的價格獲得高增長潛力。預計未來幾年利潤將增加一倍以上，Onto Innovation的前景似乎一片光明。看來該股的現金流即將增加，這應該會促進更高的股票估值。
What This Means For You
這對你意味着什麼
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.
你是股東嗎？ONTO樂觀的未來增長似乎已被納入當前股價的因素，股票的交易價格高於行業價格倍數。但是，這又帶來了另一個問題——現在是合適的賣出時機嗎？如果您認爲ONTO的交易價格應低於其當前價格，那麼高價賣出並在其價格跌至行業市盈率時再次回購可能會有利可圖。但是在做出這個決定之前，先看看它的基本面是否發生了變化。
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.
你是潛在的投資者嗎？如果你已經關注ONTO一段時間了，那麼現在可能不是進入股票的最佳時機。該價格已經超過了業內同行，這意味着錯誤定價可能沒有更多的上行空間。但是，ONTO的樂觀前景令人鼓舞，這意味着值得深入研究其他因素，以利用下一次價格下跌的機會。
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.
由於在挑選個股時，時機非常重要，因此值得一看分析師的最新預測是什麼。因此，請隨時查看我們代表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列出的其他50多隻具有高增長潛力的股票清單。
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.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 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。