ON HOLDING AG-CLASS A (ONON) Stock Fundamental Analysis
USA - NYSE:ONON - CH1134540470 - Common Stock
43.3 USD
+0.64 (+1.5%)
43.4 USD
+0.1 (+0.23%)
Overall ONON gets a fundamental rating of 6 out of 10. We evaluated ONON against 48 industry peers in the Textiles, Apparel & Luxury Goods industry. ONON has an excellent financial health rating, but there are some minor concerns on its profitability. ONON shows excellent growth, but is valued quite expensive already. These ratings could make ONON a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
In the past year ONON was profitable.
ONON had a positive operating cash flow in the past year.
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
ONON's Return On Assets of 5.34% is fine compared to the rest of the industry. ONON outperforms 72.92% of its industry peers.
ONON has a Return On Equity of 9.73%. This is comparable to the rest of the industry: ONON outperforms 58.33% of its industry peers.
The Return On Invested Capital of ONON (13.78%) is better than 79.17% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ONON is below the industry average of 12.21%.
The last Return On Invested Capital (13.78%) for ONON is above the 3 year average (9.76%), which is a sign of increasing profitability.
| 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 72.92% of its industry peers.
ONON has a Operating Margin of 10.87%. This is in the better half of the industry: ONON outperforms 79.17% of its industry peers.
ONON's Operating Margin has improved in the last couple of years.
The Gross Margin of ONON (61.00%) is better than 81.25% of its industry peers.
ONON's Gross Margin has improved in the last couple of years.
| 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
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.
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 8.25. This indicates that ONON is financially healthy and has little risk of bankruptcy at the moment.
ONON has a Altman-Z score of 8.25. This is amongst the best in the industry. ONON outperforms 93.75% 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.
ONON has a better Debt to FCF ratio (1.43) than 87.50% 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.
Looking at the Debt to Equity ratio, with a value of 0.31, ONON is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 1.43 | ||
| Altman-Z | 8.25 |
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.
ONON has a Current ratio of 2.53. This is in the better half of the industry: ONON outperforms 72.92% of its industry peers.
ONON has a Quick Ratio of 2.00. This is a normal value and indicates that ONON is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.00, ONON belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.53 | ||
| Quick Ratio | 2 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 68.42% over the past year.
The Revenue has grown by 33.26% in the past year. This is a very strong growth!
The Revenue has been growing by 54.06% on average over the past years. This is a very strong growth!
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
ONON is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.10% yearly.
Based on estimates for the next years, ONON will show a very strong growth in Revenue. The Revenue will grow by 21.82% on average per year.
EPS Next Y-37.93%
EPS Next 2Y13.01%
EPS Next 3Y21.04%
EPS Next 5Y23.1%
Revenue Next Year28.06%
Revenue Next 2Y25.92%
Revenue Next 3Y24.89%
Revenue Next 5Y21.82%
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 36.08, the valuation of ONON can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ONON is on the same level as its industry peers.
When comparing the Price/Earnings ratio of ONON to the average of the S&P500 Index (25.47), we can say ONON is valued slightly more expensively.
With a Price/Forward Earnings ratio of 27.45, ONON can be considered very expensive at the moment.
ONON's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ONON is more expensive than 64.58% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ONON to the average of the S&P500 Index (35.42), we can say ONON is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.08 | ||
| Fwd PE | 27.45 |
4.2 Price Multiples
77.08% 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 | 32.59 | ||
| EV/EBITDA | 26.39 |
4.3 Compensation for Growth
ONON has a very decent profitability rating, which may justify a higher PE ratio.
ONON's earnings are expected to grow with 21.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y13.01%
EPS Next 3Y21.04%
5. Dividend
5.1 Amount
ONON does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
43.3
+0.64 (+1.5%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners67.69%
Inst Owner Change-5.18%
Ins Owners21.79%
Ins Owner ChangeN/A
Market Cap14.14B
Revenue(TTM)2.88B
Net Income(TTM)135.90M
Analysts81.21
Price Target63.66 (47.02%)
Short Float %7.5%
Short Ratio2.34
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)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)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
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)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.9%
PT rev (3m)-2.99%
EPS NQ rev (1m)-3.5%
EPS NQ rev (3m)-13.01%
EPS NY rev (1m)-4.9%
EPS NY rev (3m)-37.43%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)0.05%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)1.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.08 | ||
| Fwd PE | 27.45 | ||
| P/S | 4.17 | ||
| P/FCF | 32.59 | ||
| P/OCF | 27.23 | ||
| P/B | 8.11 | ||
| P/tB | 8.45 | ||
| EV/EBITDA | 26.39 |
EPS(TTM)1.2
EY2.77%
EPS(NY)1.58
Fwd EY3.64%
FCF(TTM)1.33
FCFY3.07%
OCF(TTM)1.59
OCFY3.67%
SpS10.39
BVpS5.34
TBVpS5.13
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12
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 | 8.25 |
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-37.93%
EPS Next 2Y13.01%
EPS Next 3Y21.04%
EPS Next 5Y23.1%
Revenue 1Y (TTM)33.26%
Revenue growth 3Y47.35%
Revenue growth 5Y54.06%
Sales Q2Q%24.94%
Revenue Next Year28.06%
Revenue Next 2Y25.92%
Revenue Next 3Y24.89%
Revenue Next 5Y21.82%
EBIT growth 1Y60.34%
EBIT growth 3YN/A
EBIT growth 5Y106.11%
EBIT Next Year96.1%
EBIT Next 3Y47.29%
EBIT Next 5Y35.64%
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.
Can you provide the valuation status for ON HOLDING AG-CLASS A?
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.
How financially healthy is ON HOLDING AG-CLASS A?
The financial health rating of ON HOLDING AG-CLASS A (ONON) is 7 / 10.
What is the expected EPS growth for ON HOLDING AG-CLASS A (ONON) stock?
The Earnings per Share (EPS) of ON HOLDING AG-CLASS A (ONON) is expected to decline by -37.93% in the next year.