On Holding AG
NYSE:ONON

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On Holding AG
NYSE:ONON
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Price: 53.11 USD 1.63%
Market Cap: 17.2B USD

Relative Value

The Relative Value of one ONON stock under the Base Case scenario is 36.02 USD. Compared to the current market price of 53.11 USD, On Holding AG is Overvalued by 32%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ONON Relative Value
Base Case
36.02 USD
Overvaluation 32%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
46
vs Industry
7
Median 3Y
5.6
Median 5Y
5.4
Industry
0.9
Forward
4.6
vs History
57
vs Industry
9
Median 3Y
82.8
Median 5Y
72.9
Industry
18.1
Forward
42.3
vs History
17
vs Industry
13
Median 3Y
27.8
Median 5Y
-29.1
Industry
9.7
vs History
6
vs Industry
14
Median 3Y
-15.3
Median 5Y
-30
Industry
17.1
vs History
25
vs Industry
5
Median 3Y
8.7
Median 5Y
8.8
Industry
1.3
vs History
53
vs Industry
9
Median 3Y
5.4
Median 5Y
5.2
Industry
1.1
Forward
4.4
vs History
55
vs Industry
22
Median 3Y
9.3
Median 5Y
9
Industry
3.7
vs History
51
vs Industry
8
Median 3Y
39.3
Median 5Y
37
Industry
9.8
Forward
25.4
vs History
48
vs Industry
5
Median 3Y
55.9
Median 5Y
52.5
Industry
12.7
Forward
37.2
vs History
17
vs Industry
14
Median 3Y
26.5
Median 5Y
-27.9
Industry
10.5
vs History
14
vs Industry
16
Median 3Y
-15.3
Median 5Y
-30.5
Industry
13.7
vs History
29
vs Industry
3
Median 3Y
8.6
Median 5Y
8.8
Industry
1

Multiples Across Competitors

ONON Competitors Multiples
On Holding AG Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CH
On Holding AG
NYSE:ONON
16.9B USD 5.4 66.2 36.2 52.2
US
Nike Inc
NYSE:NKE
89.4B USD 1.9 19.8 15.1 17.7
JP
Asics Corp
TSE:7936
2.4T JPY 3.4 35.1 17.2 21.4
US
Deckers Outdoor Corp
NYSE:DECK
15.2B USD 3.1 15.8 10.7 11.3
UK
Birkenstock Holding PLC
NYSE:BIRK
9.7B USD 4.3 33.2 15.5 18.8
US
Skechers USA Inc
NYSE:SKX
9.3B USD 1 14.7 7.8 9.8
CN
Huali Industrial Group Co Ltd
SZSE:300979
61B CNY 2.5 16 11.5 11.5
US
Crocs Inc
NASDAQ:CROX
5.5B USD 1.3 5.7 6.2 6.7
PL
CCC SA
WSE:CCC
14.7B PLN 1.4 15.5 10.9 17.4
TW
Feng Tay Enterprises Co Ltd
TWSE:9910
120B TWD 1.3 20.1 11.5 16.5
DE
Puma SE
XETRA:PUM
3.2B EUR 0.4 16.5 4.6 8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CH
On Holding AG
NYSE:ONON
Average EV/EBITDA: 13.4
36.2
39%
0.9
US
Nike Inc
NYSE:NKE
15.1
-13%
N/A
JP
Asics Corp
TSE:7936
17.2
15%
1.1
US
Deckers Outdoor Corp
NYSE:DECK
10.7
6%
1.8
UK
Birkenstock Holding PLC
NYSE:BIRK
15.5
20%
0.8
US
Skechers USA Inc
NYSE:SKX
7.8
2%
3.9
CN
Huali Industrial Group Co Ltd
SZSE:300979
11.5
19%
0.6
US
Crocs Inc
NASDAQ:CROX
6.2
-5%
N/A
PL
C
CCC SA
WSE:CCC
10.9
25%
0.4
TW
Feng Tay Enterprises Co Ltd
TWSE:9910
11.5
8%
1.4
DE
Puma SE
XETRA:PUM
4.6
3%
1.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CH
On Holding AG
NYSE:ONON
Average EV/EBIT: 17.4
52.2
43%
1.2
US
Nike Inc
NYSE:NKE
17.7
-13%
N/A
JP
Asics Corp
TSE:7936
21.4
N/A N/A
US
Deckers Outdoor Corp
NYSE:DECK
11.3
6%
1.9
UK
Birkenstock Holding PLC
NYSE:BIRK
18.8
21%
0.9
US
Skechers USA Inc
NYSE:SKX
9.8
0%
N/A
CN
Huali Industrial Group Co Ltd
SZSE:300979
11.5
14%
0.8
US
Crocs Inc
NASDAQ:CROX
6.7
-3%
N/A
PL
C
CCC SA
WSE:CCC
17.4
30%
0.6
TW
Feng Tay Enterprises Co Ltd
TWSE:9910
16.5
9%
1.8
DE
Puma SE
XETRA:PUM
8
5%
1.6