NYSE:ONON, a strong growth stock, setting up for a breakout.

Last update: Dec 20, 2024

Exploring Growth Potential: ON HOLDING AG-CLASS A (NYSE:ONON) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and ON HOLDING AG-CLASS A has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected ON HOLDING AG-CLASS A on our screen for growth with base formation, suggesting it merits a closer look.

Evaluating Growth: NYSE:ONON

ChartMill assigns a proprietary Growth Rating to each stock. The score is computed by evaluating various growth aspects, like EPS and revenue growth. We take into account the history as well as the estimated future numbers. NYSE:ONON was assigned a score of 8 for growth:

The Earnings Per Share has grown by an impressive 53.26% over the past year.
ONON shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.12%.
ONON shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 61.52% yearly.
The Earnings Per Share is expected to grow by 36.62% on average over the next years. This is a very strong growth
ONON is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.82% yearly.

Assessing Health for NYSE:ONON

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 8 out of 10:

An Altman-Z score of 13.96 indicates that ONON is not in any danger for bankruptcy at the moment.
The Altman-Z score of ONON (13.96) is better 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.
With an excellent Debt to FCF ratio value of 0.95, ONON belongs to the best of the industry, outperforming 84.00% 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.
ONON's Debt to Equity ratio of 0.23 is fine compared to the rest of the industry. ONON outperforms 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.
The Current ratio of ONON (2.98) is better than 76.00% of its industry peers.
A Quick Ratio of 2.18 indicates that ONON has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.18, ONON belongs to the top of the industry, outperforming 88.00% of the companies in the same industry.

Looking at the Profitability

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:ONON, the assigned 5 is noteworthy for profitability:

With a decent Return On Assets value of 7.54%, ONON is doing good in the industry, outperforming 78.00% of the companies in the same industry.
With a decent Return On Equity value of 12.53%, ONON is doing good in the industry, outperforming 72.00% of the companies in the same industry.
With a decent Return On Invested Capital value of 8.85%, ONON is doing good in the industry, outperforming 66.00% of the companies in the same industry.
The Profit Margin of ONON (7.70%) is better than 80.00% of its industry peers.
With a decent Operating Margin value of 9.20%, ONON is doing good in the industry, outperforming 68.00% of the companies in the same industry.
ONON has a Gross Margin of 59.97%. This is in the better half of the industry: ONON outperforms 80.00% of its industry peers.
In the last couple of years the Gross Margin of ONON has grown nicely.

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:ONON has a 8 as its setup rating, indicating its current consolidation status.

Besides having an excellent technical rating, ONON also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 55.13, 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

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

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.