ON HOLDING AG-CLASS A (ONON) Stock Fundamental Analysis

NYSE:ONON • CH1134540470

47.6 USD
+0.95 (+2.04%)
At close: Feb 26, 2026
47.35 USD
-0.25 (-0.53%)
Pre-Market: 2/27/2026, 6:30:05 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Taking everything into account, ONON scores 6 out of 10 in our fundamental rating. ONON was compared to 45 industry peers in the Textiles, Apparel & Luxury Goods industry. Both the health and profitability get an excellent rating, making ONON a very profitable company, without any liquidiy or solvency issues. ONON is valued quite expensively, but it does show have an excellent growth rating. This makes ONON very considerable for growth and quality investing!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • ONON had positive earnings in the past year.
  • 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.
ONON Yearly Net Income VS EBIT VS OCF VS FCFONON Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

  • With an excellent Return On Assets value of 8.15%, ONON belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
  • ONON has a Return On Equity of 14.55%. This is in the better half of the industry: ONON outperforms 73.33% of its industry peers.
  • The Return On Invested Capital of ONON (15.03%) is better than 82.22% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ONON is below the industry average of 11.87%.
  • The last Return On Invested Capital (15.03%) for ONON is above the 3 year average (9.76%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.15%
ROE 14.55%
ROIC 15.03%
ROA(3y)6.46%
ROA(5y)-0.32%
ROE(3y)10.26%
ROE(5y)-0.11%
ROIC(3y)9.76%
ROIC(5y)N/A
ONON Yearly ROA, ROE, ROICONON Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

  • The Profit Margin of ONON (7.80%) is better than 86.67% of its industry peers.
  • ONON has a better Operating Margin (12.08%) than 82.22% of its industry peers.
  • In the last couple of years the Operating Margin of ONON has grown nicely.
  • ONON's Gross Margin of 62.40% is amongst the best of the industry. ONON outperforms 84.44% of its industry peers.
  • In the last couple of years the Gross Margin of ONON has grown nicely.
Industry RankSector Rank
OM 12.08%
PM (TTM) 7.8%
GM 62.4%
OM growth 3YN/A
OM growth 5Y33.78%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.7%
GM growth 5Y2.51%
ONON Yearly Profit, Operating, Gross MarginsONON Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ONON is creating value.
  • ONON has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ONON has been increased compared to 5 years ago.
  • Compared to 1 year ago, ONON has a worse debt to assets ratio.
ONON Yearly Shares OutstandingONON Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 100M 200M 300M
ONON Yearly Total Debt VS Total AssetsONON Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

  • ONON has an Altman-Z score of 8.78. This indicates that ONON is financially healthy and has little risk of bankruptcy at the moment.
  • ONON has a Altman-Z score of 8.78. This is amongst the best in the industry. ONON outperforms 95.56% of its industry peers.
  • The Debt to FCF ratio of ONON is 1.62, which is an excellent value as it means it would take ONON, only 1.62 years of fcf income to pay off all of its debts.
  • ONON's Debt to FCF ratio of 1.62 is amongst the best of the industry. ONON outperforms 84.44% of its industry peers.
  • A Debt/Equity ratio of 0.28 indicates that ONON is not too dependend on debt financing.
  • ONON has a better Debt to Equity ratio (0.28) than 64.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 1.62
Altman-Z 8.78
ROIC/WACC3.04
WACC4.95%
ONON Yearly LT Debt VS Equity VS FCFONON Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • ONON has a Current Ratio of 2.55. This indicates that ONON is financially healthy and has no problem in meeting its short term obligations.
  • ONON has a Current ratio of 2.55. This is in the better half of the industry: ONON outperforms 73.33% of its industry peers.
  • ONON has a Quick Ratio of 2.05. This indicates that ONON is financially healthy and has no problem in meeting its short term obligations.
  • ONON has a better Quick ratio (2.05) than 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 2.55
Quick Ratio 2.05
ONON Yearly Current Assets VS Current LiabilitesONON Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 68.42% over the past year.
  • Looking at the last year, ONON shows a very strong growth in Revenue. The Revenue has grown by 33.26%.
  • 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 21.83% on average over the next years. This is a very strong growth
EPS Next Y-18.93%
EPS Next 2Y16.36%
EPS Next 3Y20.42%
EPS Next 5Y25.04%
Revenue Next Year29.37%
Revenue Next 2Y25.96%
Revenue Next 3Y24.5%
Revenue Next 5Y21.83%

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.
ONON Yearly Revenue VS EstimatesONON Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B 8B
ONON Yearly EPS VS EstimatesONON Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 38.39, ONON can be considered very expensive at the moment.
  • 64.44% of the companies in the same industry are cheaper than ONON, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.11, ONON is valued a bit more expensive.
  • With a Price/Forward Earnings ratio of 27.47, ONON can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, ONON is valued a bit more expensive than the industry average as 64.44% of the companies are valued more cheaply.
  • ONON's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.13.
Industry RankSector Rank
PE 38.39
Fwd PE 27.47
ONON Price Earnings VS Forward Price EarningsONON Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ONON indicates a slightly more expensive valuation: ONON is more expensive than 73.33% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ONON is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 35.2
EV/EBITDA 24.79
ONON Per share dataONON EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The decent profitability rating of ONON may justify a higher PE ratio.
  • A more expensive valuation may be justified as ONON's earnings are expected to grow with 20.42% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y16.36%
EPS Next 3Y20.42%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • ONON does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

ON HOLDING AG-CLASS A

NYSE:ONON (2/26/2026, 8:04:00 PM)

Premarket: 47.35 -0.25 (-0.53%)

47.6

+0.95 (+2.04%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)11-12
Earnings (Next)03-03
Inst Owners62.88%
Inst Owner Change7.2%
Ins Owners21.52%
Ins Owner ChangeN/A
Market Cap15.72B
Revenue(TTM)2.88B
Net Income(TTM)224.30M
Analysts82.35
Price Target63.19 (32.75%)
Short Float %6.88%
Short Ratio3.34
Dividend
Industry RankSector 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)-29.53%
Min EPS beat(2)-146.46%
Max EPS beat(2)87.41%
EPS beat(4)3
Avg EPS beat(4)11.88%
Min EPS beat(4)-146.46%
Max EPS beat(4)102.39%
EPS beat(8)4
Avg EPS beat(8)-1.67%
EPS beat(12)8
Avg EPS beat(12)20.57%
EPS beat(16)10
Avg EPS beat(16)37.09%
Revenue beat(2)2
Avg Revenue beat(2)3.12%
Min Revenue beat(2)2.11%
Max Revenue beat(2)4.14%
Revenue beat(4)4
Avg Revenue beat(4)2.74%
Min Revenue beat(4)0.14%
Max Revenue beat(4)4.57%
Revenue beat(8)6
Avg Revenue beat(8)1.07%
Revenue beat(12)10
Avg Revenue beat(12)4.79%
Revenue beat(16)14
Avg Revenue beat(16)14.15%
PT rev (1m)-0.22%
PT rev (3m)-0.74%
EPS NQ rev (1m)0.33%
EPS NQ rev (3m)-4.23%
EPS NY rev (1m)2.29%
EPS NY rev (3m)30.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.27%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)1.02%
Valuation
Industry RankSector Rank
PE 38.39
Fwd PE 27.47
P/S 4.23
P/FCF 35.2
P/OCF 29.28
P/B 7.89
P/tB 8.18
EV/EBITDA 24.79
EPS(TTM)1.24
EY2.61%
EPS(NY)1.73
Fwd EY3.64%
FCF(TTM)1.35
FCFY2.84%
OCF(TTM)1.63
OCFY3.41%
SpS11.26
BVpS6.03
TBVpS5.82
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12.97
Profitability
Industry RankSector Rank
ROA 8.15%
ROE 14.55%
ROCE 17.35%
ROIC 15.03%
ROICexc 30.78%
ROICexgc 32.6%
OM 12.08%
PM (TTM) 7.8%
GM 62.4%
FCFM 12.01%
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-Score6
Asset Turnover1.05
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 1.62
Debt/EBITDA 0.91
Cap/Depr 57.4%
Cap/Sales 2.43%
Interest Coverage 17.73
Cash Conversion 88.49%
Profit Quality 153.99%
Current Ratio 2.55
Quick Ratio 2.05
Altman-Z 8.78
F-Score6
WACC4.95%
ROIC/WACC3.04
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-18.93%
EPS Next 2Y16.36%
EPS Next 3Y20.42%
EPS Next 5Y25.04%
Revenue 1Y (TTM)33.26%
Revenue growth 3Y47.35%
Revenue growth 5Y54.06%
Sales Q2Q%24.94%
Revenue Next Year29.37%
Revenue Next 2Y25.96%
Revenue Next 3Y24.5%
Revenue Next 5Y21.83%
EBIT growth 1Y74.59%
EBIT growth 3YN/A
EBIT growth 5Y106.11%
EBIT Next Year105.87%
EBIT Next 3Y47.98%
EBIT Next 5Y37.15%
FCF growth 1Y1669.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y917.65%
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 7 / 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 38.39 and the Price/Book (PB) ratio is 7.89.