COMPARE · Data as of August 21, 2026
BIRK vs ONON
Verdict: Side-by-side breakdown using the Bull Rankings model. BIRK scored 66.9, ONON scored 74.9 — ONON leads.
Compare another set
BIRK
Birkenstock Holding plc
66.9
$35.64 · $5.9B
fundamentals as of
Score gap
8.0
ONON leads
ONON
On Holding AG
74.9
$30.02 · $10.0B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestBIRK16.7x
- Fastest growthONON+30.0%
- Strongest balance sheetONON0.29
- Highest qualityONON71 / 100
- Largest discount to fair valueBIRK-11%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
BIRK
stronger →← stronger
ONON
63
Qualityreturns · margins · balance sheet
71
89
Growthrevenue & earnings expansion
96
62
Valuevaluation vs sector peers
72
ONON is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
BIRK
ONON
$362mC
FCF
$396mC
+14.7%B+
Rev
+30.0%A
0.69B+
D/E
0.29A-
16.7xB+
P/E
20.3xB
1.03B+
PEG
0.59A-
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
BIRK
ONON
11% below
Price vs fair valuelower is cheaper
112% above
~11%/yr
Growth the price implies10-yr FCF · lower = less priced in
~33%/yr
-12%
1-yr DCF upside
-61%
+12%
5-yr DCF upside
-53%
+59%
10-yr DCF upside
-39%
These two disagree on this pair: the Value pillar ranks cheapness against sector peers, while price-vs-fair-value is an absolute read. A name can be the better value in its sector and still the dearer one on cash flows.
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
BIRK
Why this score
- Diluting shareholders
- Short track record
- Foreign reporter (EUR)
ONON
Why this score
- Durable high returns
- Diluting shareholders
- Foreign reporter (CHF)
The companies
BIRKBirkenstock Holding plc
Why now
Footwear & Accessories · market cap $5.9b. Down 33% from 52-week high of $53.53 — deep drawdown territory. Revenue growing +15%, comfortably above the S&P median. 20 sell-side analysts rate this a Buy with a mean 1-yr target of $54.54 (implying +53% upside).
Moat
Net margin 18% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 14% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere.
Risk
Down 33% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up.
ONONOn Holding AG
Why now
Footwear & Accessories · market cap $10.0b. Down 41% from 52-week high of $51.08 — deep drawdown territory. Revenue growing +30% — in hypergrowth territory. PEG 0.59 — paying under fair value for the growth rate. 27 sell-side analysts rate this a Buy with a mean 1-yr target of $45.56 (implying +52% upside).
Moat
ROE 12% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere.
Risk
Down 41% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 2.12 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where BIRK and ONON diverge
On the headline score the gap is 8.0 points in favor of ONON. The widest single difference is Value, where ONON leads by 9.8 points.
- ValueBIRK 62.4 · ONON 72.2ONON +9.8
- QualityBIRK 62.8 · ONON 71.0ONON +8.2
- GrowthBIRK 89.3 · ONON 95.8ONON +6.5
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.