COMPARE · Reviewed July 29, 2026
ONON vs SGI
Verdict: Side-by-side breakdown using the Bull Rankings model. ONON scored 73.1, SGI scored 68.4 — ONON leads.
Compare another set
ONON
On Holding AG
73.1
$37.06 · $12.4B
fundamentals as of
Score gap
4.7
ONON leads
SGI
Somnigroup International Inc.
68.4
$66.86 · $14.1B
fundamentals as of
The model, pillar by pillar (0–100 each)
ONON
stronger →← stronger
SGI
71
Qualityreturns · margins · balance sheet
71
100
Growthrevenue & earnings expansion
96
64
Valuevaluation vs sector peers
47
ONON is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
ONON
SGI
$388mC
FCF
$737mC+
+30.0%A
Rev
+43.5%A
0.31A-
D/E
2.07C
40.7xC
P/E
26.7xC+
0.73A-
PEG
0.83B+
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
ONON
SGI
147% above
Price vs fair valuelower is cheaper
4% below
~40%/yr
Growth the price implies10-yr FCF · lower = less priced in
~13%/yr
-68%
1-yr DCF upside
-19%
-59%
5-yr DCF upside
+4%
-45%
10-yr DCF upside
+50%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
ONON
Why this score
- Durable high returns
- Diluting shareholders
- Foreign reporter (CHF)
SGI
Why this score
- Raising its dividend
- Durable high returns
The companies
ONONOn Holding AG
Why now
Footwear & Accessories · market cap $12.4b. Down 29% from 52-week high of $52.20 — deep drawdown territory. Revenue growing +30% — in hypergrowth territory. PEG 0.73 — paying under fair value for the growth rate. 27 sell-side analysts rate this a Buy with a mean 1-yr target of $51.98 (implying +40% upside).
Moat
ROE 12% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. FCF converts 126% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
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. Trailing P/E 41x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
SGISomnigroup International Inc.
Why now
Furnishings, Fixtures & Appliances · market cap $14.1b. Down 32% from 52-week high of $98.56 — deep drawdown territory. Revenue growing +44% — in hypergrowth territory. PEG 0.83 — paying under fair value for the growth rate. 9 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $97.00 (implying +45% upside).
Moat
ROE 17% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 141% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
D/E 2.07 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Down 32% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up.
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.