NYSE:ONON qualifies as a high growth stock and is consolidating.

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.

Growth Assessment of NYSE:ONON

Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NYSE:ONON boasts a 8 out of 10:

• ONON shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 53.26%, which is quite impressive.
• 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.
• Based on estimates for the next years, ONON will show a very strong growth in Earnings Per Share. The EPS will grow by 36.62% on average per year.
• The Revenue is expected to grow by 24.82% on average over the next years. This is a very strong growth

Understanding NYSE:ONON's Health Score

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:ONON has achieved a 8 out of 10:

• An Altman-Z score of 14.25 indicates that ONON is not in any danger for bankruptcy at the moment.
• ONON's Altman-Z score of 14.25 is amongst the best of the industry. ONON outperforms 97.92% 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.
• ONON has a better Debt to FCF ratio (0.95) than 83.33% of its industry peers.
• ONON has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
• ONON has a Debt to Equity ratio of 0.23. This is in the better half of the industry: ONON outperforms 64.58% of its industry peers.
• A Current Ratio of 2.98 indicates that ONON has no problem at all paying its short term obligations.
• ONON has a Current ratio of 2.98. This is in the better half of the industry: ONON outperforms 75.00% of its industry peers.
• 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.
• ONON has a Quick ratio of 2.18. This is amongst the best in the industry. ONON outperforms 89.58% of its industry peers.

Profitability Insights: NYSE:ONON

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NYSE:ONON has earned a 5 out of 10:

• ONON's Return On Assets of 7.54% is fine compared to the rest of the industry. ONON outperforms 79.17% of its industry peers.
• ONON has a Return On Equity of 12.53%. This is in the better half of the industry: ONON outperforms 72.92% of its industry peers.
• With a decent Return On Invested Capital value of 8.85%, ONON is doing good in the industry, outperforming 66.67% of the companies in the same industry.
• Looking at the Profit Margin, with a value of 7.70%, ONON belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
• ONON has a Operating Margin of 9.20%. This is in the better half of the industry: ONON outperforms 70.83% of its industry peers.
• ONON has a Gross Margin of 59.97%. This is in the better half of the industry: ONON outperforms 77.08% of its industry peers.
• ONON's Gross Margin has improved in the last couple of years.

Looking at the Setup

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NYSE:ONON exhibits a 7 setup rating, indicating its consolidation status in recent days and weeks.

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.

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

Our latest full fundamental report of ONON contains the most current fundamental analsysis.

Our latest full technical report of ONON contains the most current technical analsysis.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.