ON HOLDING AG-CLASS A (ONON)
CH1134540470 - Common Stock
Overall ONON gets a fundamental rating of 6 out of 10. We evaluated ONON against 50 industry peers in the Textiles, Apparel & Luxury Goods industry. While ONON has a great health rating, its profitability is only average at the moment. ONON is valued quite expensive, but it does show an excellent growth. With these ratings, ONON could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
In the past year ONON was profitable.
In the past year ONON had a positive cash flow from operations.
In multiple years ONON reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: ONON reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.54%, ONON is in the better half of the industry, outperforming 78.00% of the companies in the same industry.
ONON's Return On Equity of 12.53% is fine compared to the rest of the industry. ONON outperforms 72.00% of its industry peers.
ONON has a Return On Invested Capital of 8.85%. This is in the better half of the industry: ONON outperforms 66.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.54% | ||
| ROE | 12.53% | ||
| ROIC | 8.85% |
ROA(3y)-1.53%
ROA(5y)-2.57%
ROE(3y)-2.23%
ROE(5y)-4.05%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
ONON's Profit Margin of 7.70% is fine compared to the rest of the industry. ONON outperforms 80.00% of its industry peers.
The Operating Margin of ONON (9.20%) is better than 68.00% of its industry peers.
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.
ONON's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.2% | ||
| PM (TTM) | 7.7% | ||
| GM | 59.97% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.1%
GM growth 5YN/A
2. Health
2.1 Basic Checks
ONON has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ONON has more shares outstanding
The debt/assets ratio for ONON is higher compared to a year ago.
2.2 Solvency
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.
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's Debt to FCF ratio of 0.95 is amongst the best of the industry. ONON outperforms 84.00% 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 better Debt to Equity ratio (0.23) than 64.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 0.95 | ||
| Altman-Z | 13.96 |
ROIC/WACC1.75
WACC5.06%
2.3 Liquidity
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.
With a decent Current ratio value of 2.98, ONON is doing good in the industry, outperforming 76.00% of the companies in the same industry.
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.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.98 | ||
| Quick Ratio | 2.18 |
3. Growth
3.1 Past
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.
The Revenue has grown by 26.12% in the past year. This is a very strong growth!
The Revenue has been growing by 61.52% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)53.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-27.27%
Revenue 1Y (TTM)26.12%
Revenue growth 3Y61.52%
Revenue growth 5YN/A
Sales Q2Q%32.32%
3.2 Future
ONON is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 36.62% yearly.
The Revenue is expected to grow by 24.82% on average over the next years. This is a very strong growth
EPS Next Y71.94%
EPS Next 2Y45.54%
EPS Next 3Y40.74%
EPS Next 5Y36.62%
Revenue Next Year27.39%
Revenue Next 2Y27.42%
Revenue Next 3Y26.21%
Revenue Next 5Y24.82%
3.3 Evolution
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 89.28, the valuation of ONON can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ONON indicates a slightly more expensive valuation: ONON is more expensive than 64.00% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of ONON to the average of the S&P500 Index (27.73), we can say ONON is valued expensively.
The Price/Forward Earnings ratio is 48.94, which means the current valuation is very expensive for ONON.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ONON indicates a slightly more expensive valuation: ONON is more expensive than 70.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.83. ONON is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 89.28 | ||
| Fwd PE | 48.94 |
4.2 Price Multiples
70.00% of the companies in the same industry are cheaper than ONON, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ONON is valued a bit more expensive than 64.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.99 | ||
| EV/EBITDA | 57.83 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
ONON's earnings are expected to grow with 40.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.24
PEG (5Y)N/A
EPS Next 2Y45.54%
EPS Next 3Y40.74%
5. Dividend
5.1 Amount
No dividends for ONON!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ON HOLDING AG-CLASS A
NYSE:ONON (12/20/2024, 8:04:01 PM)
After market: 57 -0.14 (-0.25%)57.14
+2 (+3.63%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners68.59%
Inst Owner Change-0.47%
Ins Owners25.48%
Ins Owner ChangeN/A
Market Cap18.47B
Analysts81.94
Price Target60.92 (6.62%)
Short Float %9.15%
Short Ratio5.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)57.01%
Min EPS beat(2)-13.18%
Max EPS beat(2)127.21%
EPS beat(4)2
Avg EPS beat(4)2.41%
Min EPS beat(4)-152.29%
Max EPS beat(4)127.21%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.32%
Min Revenue beat(2)-0.82%
Max Revenue beat(2)0.17%
Revenue beat(4)2
Avg Revenue beat(4)-0.15%
Min Revenue beat(4)-2.72%
Max Revenue beat(4)2.78%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)15.67%
PT rev (3m)31.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.11%
EPS NY rev (1m)-2.98%
EPS NY rev (3m)-4.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.25%
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)1.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 89.28 | ||
| Fwd PE | 48.94 | ||
| P/S | 8.27 | ||
| P/FCF | 45.99 | ||
| P/OCF | 40.17 | ||
| P/B | 13.45 | ||
| P/tB | 14.16 | ||
| EV/EBITDA | 57.83 |
EPS(TTM)0.64
EY1.12%
EPS(NY)1.17
Fwd EY2.04%
FCF(TTM)1.24
FCFY2.17%
OCF(TTM)1.42
OCFY2.49%
SpS6.91
BVpS4.25
TBVpS4.03
PEG (NY)1.24
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.54% | ||
| ROE | 12.53% | ||
| ROCE | 11.95% | ||
| ROIC | 8.85% | ||
| ROICexc | 16.04% | ||
| ROICexgc | 17.29% | ||
| OM | 9.2% | ||
| PM (TTM) | 7.7% | ||
| GM | 59.97% | ||
| FCFM | 17.97% |
ROA(3y)-1.53%
ROA(5y)-2.57%
ROE(3y)-2.23%
ROE(5y)-4.05%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.1%
GM growth 5YN/A
F-Score5
Asset Turnover0.98
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 0.95 | ||
| Debt/EBITDA | 1.07 | ||
| Cap/Depr | 61.12% | ||
| Cap/Sales | 2.61% | ||
| Interest Coverage | 16.03 | ||
| Cash Conversion | 152.87% | ||
| Profit Quality | 233.53% | ||
| Current Ratio | 2.98 | ||
| Quick Ratio | 2.18 | ||
| Altman-Z | 13.96 |
F-Score5
WACC5.06%
ROIC/WACC1.75
Cap/Depr(3y)122.33%
Cap/Depr(5y)138.7%
Cap/Sales(3y)4.81%
Cap/Sales(5y)4.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)53.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-27.27%
EPS Next Y71.94%
EPS Next 2Y45.54%
EPS Next 3Y40.74%
EPS Next 5Y36.62%
Revenue 1Y (TTM)26.12%
Revenue growth 3Y61.52%
Revenue growth 5YN/A
Sales Q2Q%32.32%
Revenue Next Year27.39%
Revenue Next 2Y27.42%
Revenue Next 3Y26.21%
Revenue Next 5Y24.82%
EBIT growth 1Y34.43%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year87.02%
EBIT Next 3Y47.8%
EBIT Next 5Y39.97%
FCF growth 1Y286.52%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y396.38%
OCF growth 3YN/A
OCF growth 5YN/A