NYSE:ONON—Positioned as a High-Growth Stock, Ready for a Potential Breakout.

Growth investors are on the lookout for stocks displaying robust revenue and EPS growth. In this analysis, we'll assess whether ON HOLDING AG-CLASS A (NYSE:ONON) aligns with growth investing criteria, especially as it consolidates and signals a possible breakout. As always, investors should conduct their own research, but ON HOLDING AG-CLASS A has surfaced on our radar for growth with base formation, warranting further examination.

Assessing Growth Metrics for NYSE:ONON

To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NYSE:ONON has achieved a 8 out of 10:

• ONON shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 261.72%, which is quite impressive.
• ONON shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.50%.
• The Revenue has been growing by 61.52% on average over the past years. This is a very strong growth!
• The Earnings Per Share is expected to grow by 35.16% on average over the next years. This is a very strong growth
• The Revenue is expected to grow by 22.68% on average over the next years. This is a very strong growth

Unpacking NYSE:ONON's Health Rating

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:ONON scores a 7 out of 10:

• An Altman-Z score of 11.23 indicates that ONON is not in any danger for bankruptcy at the moment.
• The Altman-Z score of ONON (11.23) is better than 98.00% of its industry peers.
• ONON has a debt to FCF ratio of 0.95. This is a very positive value and a sign of high solvency as it would only need 0.95 years to pay back of all of its debts.
• ONON has a better Debt to FCF ratio (0.95) than 80.00% of its industry peers.
• A Debt/Equity ratio of 0.23 indicates that ONON is not too dependend on debt financing.
• ONON has a Debt to Equity ratio of 0.23. This is in the better half of the industry: ONON outperforms 62.00% of its industry peers.
• A Current Ratio of 2.98 indicates that ONON has no problem at all paying its short term obligations.
• Looking at the Current ratio, with a value of 2.98, ONON is in the better half of the industry, outperforming 76.00% of the companies in the same industry.
• ONON has a Quick Ratio of 2.18. This indicates that ONON is financially healthy and has no problem in meeting its short term obligations.
• The Quick ratio of ONON (2.18) is better than 86.00% of its industry peers.

Exploring NYSE:ONON's Profitability

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:ONON was assigned a score of 5 for profitability:

• The Return On Assets of ONON (7.54%) is better than 76.00% of its industry peers.
• ONON has a Return On Equity of 12.53%. This is in the better half of the industry: ONON outperforms 68.00% of its industry peers.
• The Return On Invested Capital of ONON (8.85%) is better than 62.00% of its industry peers.
• ONON has a Profit Margin of 7.70%. This is in the better half of the industry: ONON outperforms 76.00% of its industry peers.
• The Operating Margin of ONON (9.20%) is better than 62.00% of its industry peers.
• Looking at the Gross Margin, with a value of 59.97%, ONON belongs to the top of the industry, outperforming 82.00% of the companies in the same industry.
• In the last couple of years the Gross Margin of ONON has grown nicely.

How does the Setup look for NYSE:ONON

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:ONON is 7:

ONON has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 44.43, a Stop Loss order could be placed below this zone.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

Check the latest full fundamental report of ONON for a complete fundamental analysis.

For an up to date full technical analysis you can check the technical report of ONON

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.