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
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

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

5.4
P/S
P/S
Price to Sales
5.4
vs History
46
vs Industry
7
Median 3Y
5.6
Median 5Y
5.4
Industry
0.9
Forward
4.6
More Details
66.2
P/E
P/E
Price to Earnings
66.2
vs History
57
vs Industry
9
Median 3Y
82.8
Median 5Y
72.9
Industry
18.1
Forward
42.3
More Details
33.4
P/OCF
P/OCF
Price to OCF
33.4
vs History
17
vs Industry
13
Median 3Y
27.8
Median 5Y
-29.1
Industry
9.7
More Details
48.9
P/FCFE
P/FCFE
Price to FCFE
48.9
vs History
6
vs Industry
14
Median 3Y
-15.3
Median 5Y
-30
Industry
17.1
More Details
9.9
P/B
P/B
Price to Book Value
9.9
vs History
25
vs Industry
5
Median 3Y
8.7
Median 5Y
8.8
Industry
1.3
More Details
5.1
EV/S
EV/S
Enterprise Value to Sales
5.1
vs History
53
vs Industry
9
Median 3Y
5.4
Median 5Y
5.2
Industry
1.1
Forward
4.4
More Details
8.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
8.5
vs History
55
vs Industry
22
Median 3Y
9.3
Median 5Y
9
Industry
3.7
More Details
36.2
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
36.2
vs History
51
vs Industry
8
Median 3Y
39.3
Median 5Y
37
Industry
9.8
Forward
25.4
More Details
52.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
52.2
vs History
48
vs Industry
5
Median 3Y
55.9
Median 5Y
52.5
Industry
12.7
Forward
37.2
More Details
31.2
EV/OCF
EV/OCF
Enterprise Value to OCF
31.2
vs History
17
vs Industry
14
Median 3Y
26.5
Median 5Y
-27.9
Industry
10.5
More Details
37.3
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
37.3
vs History
14
vs Industry
16
Median 3Y
-15.3
Median 5Y
-30.5
Industry
13.7
More Details
10.6
EV/IC
EV/IC
Enterprise Value to IC
10.6
vs History
29
vs Industry
3
Median 3Y
8.6
Median 5Y
8.8
Industry
1
More Details

Multiples Across Competitors

ONON Competitors Multiples
On Holding AG Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
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

See Also

Summary
ONON intrinsic value, competitors valuation, and company profile.
DCF Valuation
ONON stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ONON stock valuation using valuation multiples.
Wall Street Estimates
ONON price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ONON stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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