On Holding Valuation

Is ONON undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ONON when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ONON ($35.38) is trading above our estimate of fair value ($27.7)

Significantly Below Fair Value: ONON is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ONON?

Other financial metrics that can be useful for relative valuation.

ONON key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.4x
Enterprise Value/EBITDA46.7x
PEG Ratio4.5x

Price to Earnings Ratio vs Peers

How does ONON's PE Ratio compare to its peers?

The above table shows the PE ratio for ONON vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.1x
CROX Crocs
11x4.6%US$8.7b
SKX Skechers U.S.A
17.2x13.1%US$9.3b
BIRK Birkenstock Holding
106.8x49.0%US$8.8b
DECK Deckers Outdoor
33.4x8.3%US$24.1b
ONON On Holding
127.8x28.1%US$11.1b

Price-To-Earnings vs Peers: ONON is expensive based on its Price-To-Earnings Ratio (127.8x) compared to the peer average (42.1x).


Price to Earnings Ratio vs Industry

How does ONON's PE Ratio compare vs other companies in the US Luxury Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ONON is expensive based on its Price-To-Earnings Ratio (127.8x) compared to the US Luxury industry average (17.9x).


Price to Earnings Ratio vs Fair Ratio

What is ONON's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ONON PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio127.8x
Fair PE Ratio27.2x

Price-To-Earnings vs Fair Ratio: ONON is expensive based on its Price-To-Earnings Ratio (127.8x) compared to the estimated Fair Price-To-Earnings Ratio (27.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ONON forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$35.38
US$35.20
-0.5%
18.6%US$53.82US$20.54n/a19
Mar ’25US$34.65
US$35.53
+2.5%
17.8%US$52.33US$20.93n/a19
Feb ’25US$26.80
US$35.52
+32.5%
17.6%US$52.55US$21.02n/a19
Jan ’25US$26.97
US$35.80
+32.7%
17.1%US$52.31US$21.48n/a19
Dec ’24US$30.26
US$35.32
+16.7%
17.0%US$51.63US$21.20n/a19
Nov ’24US$26.51
US$35.90
+35.4%
16.5%US$47.18US$20.68n/a17
Oct ’24US$27.82
US$34.35
+23.5%
17.0%US$45.76US$19.47n/a16
Sep ’24US$29.23
US$35.66
+22.0%
17.8%US$47.98US$20.42n/a14
Aug ’24US$35.98
US$36.34
+1.0%
16.2%US$43.54US$20.56n/a14
Jul ’24US$33.00
US$34.51
+4.6%
17.4%US$42.06US$19.33n/a12
Jun ’24US$27.17
US$34.11
+25.5%
17.4%US$41.59US$19.11n/a12
May ’24US$32.42
US$33.20
+2.4%
15.0%US$40.06US$19.40n/a12
Apr ’24US$31.03
US$32.12
+3.5%
16.8%US$39.10US$16.66n/a12
Mar ’24US$22.19
US$26.66
+20.2%
16.8%US$30.83US$16.38US$34.6513
Feb ’24US$23.77
US$27.02
+13.7%
16.8%US$31.25US$16.60US$26.8013
Jan ’24US$17.16
US$27.41
+59.7%
17.6%US$32.96US$16.92US$26.9713
Dec ’23US$19.23
US$27.15
+41.2%
17.8%US$32.54US$16.71US$30.2613
Nov ’23US$17.71
US$27.79
+56.9%
19.5%US$35.34US$16.29US$26.5113
Oct ’23US$16.05
US$28.20
+75.7%
18.4%US$35.73US$16.47US$27.8213
Sep ’23US$19.48
US$29.17
+49.7%
19.1%US$37.01US$16.67US$29.2312
Aug ’23US$22.19
US$28.02
+26.3%
20.8%US$38.58US$17.34US$35.9812
Jul ’23US$17.66
US$31.99
+81.1%
20.4%US$40.36US$17.20US$33.0010
Jun ’23US$21.12
US$31.81
+50.6%
19.7%US$40.31US$17.04US$27.1711
May ’23US$24.97
US$37.25
+49.2%
17.5%US$47.94US$22.98US$32.4210
Apr ’23US$25.63
US$42.62
+66.3%
10.4%US$49.90US$37.89US$31.038
Mar ’23US$21.95
US$47.29
+115.4%
12.9%US$55.74US$38.39US$22.198

Analyst Forecast: Target price is lower than the current share price.


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