` PMMAF (Puma SE) vs ONON (On Holding AG) Comparison - Alpha Spread
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PMMAF
vs
ONON

Over the past 12 months, PMMAF has significantly outperformed ONON, delivering a return of +34% compared to the ONON's 11% drop.

Valuation Growth Profitability Solvency Stocks Performance
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PMMAF
ONON
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Stocks Compared:
PMMAF ONON
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Valuation Comparison

PMMAF Intrinsic Value
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ONON Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Puma SE
OTC:PMMAF
29.824 USD
On Holding AG
NYSE:ONON
36.95 USD
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Valuation Scenario:
Bear Case
Base Case
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Growth Comparison

Growth Over Time
PMMAF, ONON

PMMAF
ONON
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Puma SE
Revenue
On Holding AG
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
PMMAF, ONON

PMMAF
ONON
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Puma SE
OTC:PMMAF
On Holding AG
NYSE:ONON
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What is Free Cash Flow?

Gross Margin

PMMAF
45%
ONON
62.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Puma SE
On Holding AG

Operating Margin

PMMAF
-4.9%
ONON
12.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Puma SE
On Holding AG

Net Margin

PMMAF
-8.8%
ONON
6.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Puma SE
On Holding AG

FCF Margin

PMMAF
-7.2%
ONON
9.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Puma SE
On Holding AG

ROE

PMMAF
-28.1%
ONON
13.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Puma SE
On Holding AG

ROA

PMMAF
-9.5%
ONON
7.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Puma SE
On Holding AG

ROIC

PMMAF
-9.5%
ONON
26.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Puma SE
On Holding AG

ROCE

PMMAF
-9.6%
ONON
19.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Puma SE
On Holding AG

Solvency Comparison

Puma SE
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
On Holding AG
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PMMAF, ONON

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PMMAF
ONON
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Performance Gap
PMMAF, ONON

Performance Gap Between PMMAF and ONON
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Performance By Year
PMMAF, ONON

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PMMAF
ONON
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