ON HOLDING AG-CLASS A (ONON) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ONON - CH1134540470 - Common Stock
46.48 USD
-0.97 (-2.04%)
46.48 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to ONON. ONON was compared to 45 industry peers in the Textiles, Apparel & Luxury Goods industry. ONON is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. ONON is valued quite expensively, but it does show have an excellent growth rating. These ratings could make ONON a good candidate 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 (5.34%) is better than 73.33% of its industry peers.
ONON's Return On Equity of 9.73% is fine compared to the rest of the industry. ONON outperforms 62.22% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.78%, ONON is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ONON is in line with the industry average of 11.62%.
The 3 year average ROIC (9.76%) for ONON is below the current ROIC(13.78%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.34% | ||
| ROE | 9.73% | ||
| ROIC | 13.78% |
ROA(3y)6.46%
ROA(5y)-0.32%
ROE(3y)10.26%
ROE(5y)-0.11%
ROIC(3y)9.76%
ROIC(5y)N/A
1.3 Margins
ONON's Profit Margin of 5.00% is fine compared to the rest of the industry. ONON outperforms 75.56% of its industry peers.
The Operating Margin of ONON (10.87%) is better than 80.00% of its industry peers.
In the last couple of years the Operating Margin of ONON has grown nicely.
The Gross Margin of ONON (61.00%) is better than 80.00% of its industry peers.
In the last couple of years the Gross Margin of ONON has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.87% | ||
| PM (TTM) | 5% | ||
| GM | 61% |
OM growth 3YN/A
OM growth 5Y33.78%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.7%
GM growth 5Y2.51%
2. Health
2.1 Basic Checks
ONON has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, ONON has more shares outstanding
ONON has more shares outstanding than it did 5 years ago.
ONON has a worse debt/assets ratio than last year.
2.2 Solvency
ONON has an Altman-Z score of 8.80. This indicates that ONON is financially healthy and has little risk of bankruptcy at the moment.
ONON has a Altman-Z score of 8.80. This is amongst the best in the industry. ONON outperforms 95.56% of its industry peers.
ONON has a debt to FCF ratio of 1.43. This is a very positive value and a sign of high solvency as it would only need 1.43 years to pay back of all of its debts.
The Debt to FCF ratio of ONON (1.43) is better than 86.67% of its industry peers.
ONON has a Debt/Equity ratio of 0.31. This is a healthy value indicating a solid balance between debt and equity.
ONON has a better Debt to Equity ratio (0.31) than 64.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.43 | ||
| Altman-Z | 8.8 |
ROIC/WACC2.78
WACC4.95%
2.3 Liquidity
A Current Ratio of 2.53 indicates that ONON has no problem at all paying its short term obligations.
The Current ratio of ONON (2.53) is better than 73.33% of its industry peers.
A Quick Ratio of 2.00 indicates that ONON should not have too much problems paying its short term obligations.
ONON has a better Quick ratio (2.00) than 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.53 | ||
| Quick Ratio | 2 |
3. Growth
3.1 Past
ONON shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 68.42%, which is quite impressive.
The Revenue has grown by 33.26% in the past year. This is a very strong growth!
Measured over the past years, ONON shows a very strong growth in Revenue. The Revenue has been growing by 54.06% on average per year.
EPS 1Y (TTM)68.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%193.75%
Revenue 1Y (TTM)33.26%
Revenue growth 3Y47.35%
Revenue growth 5Y54.06%
Sales Q2Q%24.94%
3.2 Future
Based on estimates for the next years, ONON will show a very strong growth in Earnings Per Share. The EPS will grow by 25.04% on average per year.
The Revenue is expected to grow by 22.91% on average over the next years. This is a very strong growth
EPS Next Y-19.84%
EPS Next 2Y16.95%
EPS Next 3Y21.33%
EPS Next 5Y25.04%
Revenue Next Year30.47%
Revenue Next 2Y26.59%
Revenue Next 3Y25.3%
Revenue Next 5Y22.91%
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
Based on the Price/Earnings ratio of 38.41, 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 60.00% of the companies listed in the same industry.
ONON is valuated rather expensively when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 27.13, which means the current valuation is very expensive for ONON.
Based on the Price/Forward Earnings ratio, ONON is valued a bit more expensive than the industry average as 68.89% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of ONON to the average of the S&P500 Index (23.13), we can say ONON is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.41 | ||
| Fwd PE | 27.13 |
4.2 Price Multiples
75.56% of the companies in the same industry are cheaper than ONON, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as ONON.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.89 | ||
| EV/EBITDA | 28.94 |
4.3 Compensation for Growth
The decent profitability rating of ONON may justify a higher PE ratio.
ONON's earnings are expected to grow with 21.33% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y16.95%
EPS Next 3Y21.33%
5. Dividend
5.1 Amount
ONON does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
46.48
-0.97 (-2.04%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners62.79%
Inst Owner Change-4.55%
Ins Owners21.52%
Ins Owner ChangeN/A
Market Cap15.35B
Revenue(TTM)2.88B
Net Income(TTM)135.90M
Analysts82.29
Price Target63.44 (36.49%)
Short Float %8.8%
Short Ratio2.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)1
Avg EPS beat(2)-71.15%
Min EPS beat(2)-146.46%
Max EPS beat(2)4.17%
EPS beat(4)2
Avg EPS beat(4)-15.63%
Min EPS beat(4)-146.46%
Max EPS beat(4)102.39%
EPS beat(8)4
Avg EPS beat(8)-6.61%
EPS beat(12)7
Avg EPS beat(12)11.09%
EPS beat(16)10
Avg EPS beat(16)32.87%
Revenue beat(2)2
Avg Revenue beat(2)4.36%
Min Revenue beat(2)4.14%
Max Revenue beat(2)4.57%
Revenue beat(4)4
Avg Revenue beat(4)2.46%
Min Revenue beat(4)0.14%
Max Revenue beat(4)4.57%
Revenue beat(8)6
Avg Revenue beat(8)1.16%
Revenue beat(12)10
Avg Revenue beat(12)4.96%
Revenue beat(16)14
Avg Revenue beat(16)14.84%
PT rev (1m)-0.35%
PT rev (3m)-6.07%
EPS NQ rev (1m)1.3%
EPS NQ rev (3m)-0.77%
EPS NY rev (1m)29.14%
EPS NY rev (3m)22.81%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)0.42%
Revenue NY rev (1m)1.88%
Revenue NY rev (3m)1.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.41 | ||
| Fwd PE | 27.13 | ||
| P/S | 4.46 | ||
| P/FCF | 34.89 | ||
| P/OCF | 29.14 | ||
| P/B | 8.68 | ||
| P/tB | 9.04 | ||
| EV/EBITDA | 28.94 |
EPS(TTM)1.21
EY2.6%
EPS(NY)1.71
Fwd EY3.69%
FCF(TTM)1.33
FCFY2.87%
OCF(TTM)1.59
OCFY3.43%
SpS10.42
BVpS5.35
TBVpS5.14
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.34% | ||
| ROE | 9.73% | ||
| ROCE | 15.91% | ||
| ROIC | 13.78% | ||
| ROICexc | 26.68% | ||
| ROICexgc | 28.32% | ||
| OM | 10.87% | ||
| PM (TTM) | 5% | ||
| GM | 61% | ||
| FCFM | 12.79% |
ROA(3y)6.46%
ROA(5y)-0.32%
ROE(3y)10.26%
ROE(5y)-0.11%
ROIC(3y)9.76%
ROIC(5y)N/A
ROICexc(3y)18.51%
ROICexc(5y)N/A
ROICexgc(3y)20.21%
ROICexgc(5y)N/A
ROCE(3y)11.26%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y30.67%
ROICexc growth 3YN/A
ROICexc growth 5Y30.65%
OM growth 3YN/A
OM growth 5Y33.78%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.7%
GM growth 5Y2.51%
F-Score5
Asset Turnover1.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.43 | ||
| Debt/EBITDA | 1.04 | ||
| Cap/Depr | 58.65% | ||
| Cap/Sales | 2.52% | ||
| Interest Coverage | 16.51 | ||
| Cash Conversion | 100.95% | ||
| Profit Quality | 255.85% | ||
| Current Ratio | 2.53 | ||
| Quick Ratio | 2 | ||
| Altman-Z | 8.8 |
F-Score5
WACC4.95%
ROIC/WACC2.78
Cap/Depr(3y)104.58%
Cap/Depr(5y)116.59%
Cap/Sales(3y)4.08%
Cap/Sales(5y)4.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)68.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%193.75%
EPS Next Y-19.84%
EPS Next 2Y16.95%
EPS Next 3Y21.33%
EPS Next 5Y25.04%
Revenue 1Y (TTM)33.26%
Revenue growth 3Y47.35%
Revenue growth 5Y54.06%
Sales Q2Q%24.94%
Revenue Next Year30.47%
Revenue Next 2Y26.59%
Revenue Next 3Y25.3%
Revenue Next 5Y22.91%
EBIT growth 1Y60.34%
EBIT growth 3YN/A
EBIT growth 5Y106.11%
EBIT Next Year106.13%
EBIT Next 3Y48.46%
EBIT Next 5Y37.15%
FCF growth 1Y299.67%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y527.23%
OCF growth 3Y211.18%
OCF growth 5YN/A
ON HOLDING AG-CLASS A / ONON FAQ
What is the ChartMill fundamental rating of ON HOLDING AG-CLASS A (ONON) stock?
ChartMill assigns a fundamental rating of 6 / 10 to ONON.
What is the valuation status for ONON stock?
ChartMill assigns a valuation rating of 2 / 10 to ON HOLDING AG-CLASS A (ONON). This can be considered as Overvalued.
Can you provide the profitability details for ON HOLDING AG-CLASS A?
ON HOLDING AG-CLASS A (ONON) has a profitability rating of 6 / 10.
What is the valuation of ON HOLDING AG-CLASS A based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ON HOLDING AG-CLASS A (ONON) is 38.41 and the Price/Book (PB) ratio is 8.68.