On Holding AG — Footwear & Accessories. Scored on the same transparent 7-signal model behind the daily rankings.
★
ONON
On Holding AG · Footwear & Accessories
FCF$391mC
Rev+30.0%A
D/E0.31A-
P/E39.4xC
PEG0.72A-
73.3Score
$36.67$12.2B
1Y Target$52.04Analyst consensus · 27 analysts
5Y Target$76.20Compound horizon
10Y Target$113.04Long-dated conviction
FCF$391mTTM · 03/26C
FCF $391m — modest; watch for margin expansion · TTM computed from 4 most-recent quarters (TTM · 03/26).
Rev+30.0%TTM YoYA
Revenue +30.0% — hypergrowth, top decile
D/E0.31A-
D/E 0.31 — less debt than most Consumer Cyclical peers (≈25th pctile)
P/E39.4xC
P/E 39.4 — expensive vs Consumer Cyclical peers (≈90th pctile)
PEG0.72A-
PEG 0.72 — strong; Lynch's preferred zone
Forward price target — the 1-year figure is the analyst consensus where the stock is covered; the 5- and 10-year figures compound our earnings estimate from there. The DCF below is a separate cross-check on intrinsic value (what it's worth today), not another target.
Quality-growth score · 73.3
Quality0.71
Growth1.00
Value0.65
Why this score
Durable high returns
Diluting shareholders
Foreign reporter (CHF)
Entry · Margin of safety
52-week rangeNear 52-week low
33% off the 12-month high
vs DCF fair value143% aboveest. fair value ~$15
Quality signals · context only
Gross profitability67% · Agross profit ÷ total assets (Novy-Marx)
ROIC18.2% · A-return on invested capital — not score-weighted
Why now
Footwear & Accessories · market cap $12.2b. Down 33% from 52-week high of $54.41 — deep drawdown territory. Revenue growing +30% — in hypergrowth territory. PEG 0.72 — paying under fair value for the growth rate. 27 sell-side analysts rate this a Buy with a mean 1-yr target of $52.04 (implying +42% 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
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. 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 39x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
Horizon
1-3 yr $52.04 (27-analyst consensus) — fundamentals + valuation re-rating. 5 yr $76.20 at ~16% CAGR — compounding case rests on the competitive position widening. 10 yr $113.04 if current growth sustains into durable earnings power.
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.
Score history · ONON
Trend
+4.0 over 14 daily scores
From 69.3 (Jun 22) → 73.3 (now)
One point per daily model run. The range autoscales, so a flat-looking line can still hide 1–2 point moves — read the From → To values for the actual range.
Position sizing · ONON
$
%
%
Shares to buy
54
Position size
$1,980
4.0% of portfolio
Stop price
$27.50
25% below $36.67
$ at risk if stopped
$495.05
budget $500.00 · 1% of portfolio
Math only — share count is floor(portfolio × risk% ÷ (price × stop%)). Doesn't account for commissions, slippage, gap risk, or position-correlation across your book. Inputs persist locally; never sent to the server. Not investment advice.
On Holding AG (ONON): score, valuation & FAQ
On Holding AG (ONON) is a Footwear & Accessories company that scores 73.3 out of 100 on the Bull Rankings quality-growth model — a solid, above-average reading. The score blends three pillars — quality (durable returns, healthy margins, low leverage), growth (revenue and earnings), and value (valuation versus sector peers) — into one number, refreshed daily; it is a screen, not a buy recommendation.
Its strongest graded signals are Rev (A), D/E (A-) and PEG (A-). On valuation, ONON sits about 143% above our discounted-cash-flow fair value (i.e. the DCF flags it as rich).
Is ONON a good stock to buy?
Bull Rankings scores ONON 73.3 out of 100 on its quality-growth model, which is a solid, above-average reading. That is driven by Rev (A), D/E (A-) and PEG (A-). A score is a quantitative screen of On Holding AG's fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.
Why does ONON score 73.3 on Bull Rankings?
The quality-growth score blends three pillars — quality (returns on capital, margins, leverage, earnings quality), growth (revenue and earnings expansion), and value (valuation versus sector peers). ONON earns its highest marks on Rev (A), D/E (A-) and PEG (A-). Each pillar is graded against sector-aware thresholds, then combined into the single 0–100 score.
Is ONON overvalued or undervalued?
Based on $36.67, ONON sits about 143% above our discounted-cash-flow fair value (i.e. the DCF flags it as rich). It trades at a 39.4x× P/E (graded C). Discounted-cash-flow estimates are sensitive to growth and discount-rate assumptions, so treat this as a cross-check, not a price target.
What are the main risks of investing in ONON?
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. 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 39x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
Bull Rankings is an automated fundamentals screen for research and education. It is not investment advice, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a licensed financial adviser.