ON HOLDING AG-CLASS A (ONON) Stock Fundamental Analysis
NYSE:ONON - New York Stock Exchange, Inc. - 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. These ratings would make ONON suitable 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.
In multiple years ONON reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of ONON (5.99%) is better than 71.43% of its industry peers.
ONON has a Return On Equity of 9.96%. This is in the better half of the industry: ONON outperforms 65.31% of its industry peers.
ONON has a better Return On Invested Capital (9.39%) than 69.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.99% | ||
| ROE | 9.96% | ||
| ROIC | 9.39% |
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 5.84% is fine compared to the rest of the industry. ONON outperforms 69.39% of its industry peers.
The Operating Margin of ONON (9.22%) is better than 69.39% of its industry peers.
ONON has a better Gross Margin (60.18%) than 81.63% of its industry peers.
ONON's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.22% | ||
| PM (TTM) | 5.84% | ||
| GM | 60.18% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ONON is creating value.
The number of shares outstanding for ONON has been increased compared to 1 year ago.
Compared to 1 year ago, ONON has a worse debt to assets ratio.
2.2 Solvency
ONON has an Altman-Z score of 15.00. This indicates that ONON is financially healthy and has little risk of bankruptcy at the moment.
ONON has a better Altman-Z score (15.00) than 97.96% of its industry peers.
ONON has a debt to FCF ratio of 0.92. This is a very positive value and a sign of high solvency as it would only need 0.92 years to pay back of all of its debts.
ONON's Debt to FCF ratio of 0.92 is amongst the best of the industry. ONON outperforms 83.67% of its industry peers.
ONON has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
ONON has a better Debt to Equity ratio (0.22) than 61.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 0.92 | ||
| Altman-Z | 15 |
ROIC/WACC1.91
WACC4.93%
2.3 Liquidity
ONON has a Current Ratio of 2.91. This indicates that ONON is financially healthy and has no problem in meeting its short term obligations.
ONON has a Current ratio of 2.91. This is in the better half of the industry: ONON outperforms 73.47% of its industry peers.
A Quick Ratio of 2.25 indicates that ONON has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.25, ONON belongs to the top of the industry, outperforming 91.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.91 | ||
| Quick Ratio | 2.25 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 53.26% over the past year.
Looking at the last year, ONON shows a very strong growth in Revenue. The Revenue has grown by 26.12%.
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 37.53% yearly.
The Revenue is expected to grow by 25.65% on average over the next years. This is a very strong growth
EPS Next Y66.79%
EPS Next 2Y45.95%
EPS Next 3Y40.91%
EPS Next 5Y37.53%
Revenue Next Year28.04%
Revenue Next 2Y27.87%
Revenue Next 3Y26.53%
Revenue Next 5Y25.65%
3.3 Evolution
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 96.69 indicates a quite expensive valuation of ONON.
Compared to the rest of the industry, the Price/Earnings ratio of ONON indicates a slightly more expensive valuation: ONON is more expensive than 65.31% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.29. ONON is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 52.06 indicates a quite expensive valuation of ONON.
ONON's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ONON is more expensive than 71.43% of the companies in the same industry.
ONON's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 96.69 | ||
| Fwd PE | 52.06 |
4.2 Price Multiples
ONON's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ONON is more expensive than 69.39% of the companies in the same industry.
ONON's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. ONON is more expensive than 65.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.3 | ||
| EV/EBITDA | 56.46 |
4.3 Compensation for Growth
ONON's 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 40.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.45
PEG (5Y)N/A
EPS Next 2Y45.95%
EPS Next 3Y40.91%
5. Dividend
5.1 Amount
ONON does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ON HOLDING AG-CLASS A
NYSE:ONON (1/21/2025, 8:18:40 PM)
After market: 60.25 +0.3 (+0.5%)59.95
+1.97 (+3.4%)
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-0.32%
Ins Owners25.48%
Ins Owner ChangeN/A
Market Cap19.38B
Analysts82.5
Price Target62.01 (3.44%)
Short Float %8.21%
Short Ratio5.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.89%
Min EPS beat(2)-22.6%
Max EPS beat(2)-13.18%
EPS beat(4)1
Avg EPS beat(4)-15.22%
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)0.08%
Min Revenue beat(2)-0.82%
Max Revenue beat(2)0.98%
Revenue beat(4)2
Avg Revenue beat(4)-0.6%
Min Revenue beat(4)-2.72%
Max Revenue beat(4)0.98%
Revenue beat(8)6
Avg Revenue beat(8)4.73%
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)1.78%
PT rev (3m)24.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.84%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.05%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 96.69 | ||
| Fwd PE | 52.06 | ||
| P/S | 8.21 | ||
| P/FCF | 44.3 | ||
| P/OCF | 38.25 | ||
| P/B | 14 | ||
| P/tB | 14.7 | ||
| EV/EBITDA | 56.46 |
EPS(TTM)0.62
EY1.03%
EPS(NY)1.15
Fwd EY1.92%
FCF(TTM)1.35
FCFY2.26%
OCF(TTM)1.57
OCFY2.61%
SpS7.31
BVpS4.28
TBVpS4.08
PEG (NY)1.45
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.99% | ||
| ROE | 9.96% | ||
| ROCE | 12.68% | ||
| ROIC | 9.39% | ||
| ROICexc | 18.82% | ||
| ROICexgc | 20.38% | ||
| OM | 9.22% | ||
| PM (TTM) | 5.84% | ||
| GM | 60.18% | ||
| FCFM | 18.52% |
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-Score6
Asset Turnover1.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 0.92 | ||
| Debt/EBITDA | 0.95 | ||
| Cap/Depr | 65.73% | ||
| Cap/Sales | 2.93% | ||
| Interest Coverage | 14.22 | ||
| Cash Conversion | 156.8% | ||
| Profit Quality | 317.38% | ||
| Current Ratio | 2.91 | ||
| Quick Ratio | 2.25 | ||
| Altman-Z | 15 |
F-Score6
WACC4.93%
ROIC/WACC1.91
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 Y66.79%
EPS Next 2Y45.95%
EPS Next 3Y40.91%
EPS Next 5Y37.53%
Revenue 1Y (TTM)26.12%
Revenue growth 3Y61.52%
Revenue growth 5YN/A
Sales Q2Q%32.32%
Revenue Next Year28.04%
Revenue Next 2Y27.87%
Revenue Next 3Y26.53%
Revenue Next 5Y25.65%
EBIT growth 1Y29.12%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year86.52%
EBIT Next 3Y48.07%
EBIT Next 5Y40.92%
FCF growth 1Y303%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y451.83%
OCF growth 3YN/A
OCF growth 5YN/A