Exploring the Growth Potential of NYSE:ONON as It Nears a Breakout.

Last update: Oct 25, 2024

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if ON HOLDING AG-CLASS A (NYSE:ONON) is suited for growth investing, while it is forming a base and may be ready to breakout. Investors should of course do their own research, but we spotted ON HOLDING AG-CLASS A showing up in our growth with base formation screen, so it may be worth spending some more time on it.

A Closer Look at Growth 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:

The Earnings Per Share has grown by an impressive 261.72% over the past year.
Looking at the last year, ONON shows a very strong growth in Revenue. The Revenue has grown by 28.50%.
ONON shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 61.52% yearly.
Based on estimates for the next years, ONON will show a very strong growth in Earnings Per Share. The EPS will grow by 35.16% on average per year.
ONON is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 22.68% yearly.

Health Analysis for NYSE:ONON

ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NYSE:ONON has earned a 7 out of 10:

ONON has an Altman-Z score of 11.90. This indicates that ONON is financially healthy and has little risk of bankruptcy at the moment.
ONON has a better Altman-Z score (11.90) than 96.00% of its industry peers.
The Debt to FCF ratio of ONON is 0.95, which is an excellent value as it means it would take ONON, only 0.95 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.95, ONON is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
ONON has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of ONON (0.23) is better than 64.00% of its industry peers.
ONON has a Current Ratio of 2.98. This indicates that ONON is financially healthy and has no problem in meeting its short term obligations.
ONON has a Current ratio of 2.98. This is in the better half of the industry: ONON outperforms 80.00% of its industry peers.
A Quick Ratio of 2.18 indicates that ONON has no problem at all paying its short term obligations.
The Quick ratio of ONON (2.18) is better than 90.00% of its industry peers.

Profitability Insights: NYSE:ONON

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:

ONON's Return On Assets of 7.54% is fine compared to the rest of the industry. ONON outperforms 78.00% of its industry peers.
ONON has a better Return On Equity (12.53%) than 72.00% of its industry peers.
ONON has a better Return On Invested Capital (8.85%) 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.
With a decent Operating Margin value of 9.20%, ONON is doing good in the industry, outperforming 64.00% of the companies in the same industry.
The Gross Margin of ONON (59.97%) is better than 82.00% of its industry peers.
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:

Besides having an excellent technical rating, ONON also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 47.58, a Stop Loss order could be placed below this zone.

More Strong Growth stocks can be found in our Strong Growth screener.

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

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.