On Holding AG (ONON) on Decifer

Why it ranks here

• It earns strong returns on the money it puts to work, around 16% and those returns have been improving and it turns most of its profit into real cash.
• Revenue is growing about 24% a year and profits are expected to grow 18%.
• It keeps a high share of every sale as profit, and that has stayed steady over the years, a sign of real pricing power, with profitability widening as it grows.
• It is riding an active market tailwind and has the balance sheet to fund its growth.
• We do not have a clean read on how it is run yet.
• It trades about 31% above similar companies, and its growth does not yet back up that price.

The current read

The evidence on ONON lines up on the supportive side: the intelligence feed flags this name as connected to what is moving markets now. The independent signals we track are telling the same story.

Themes

• Digitally-Native Performance & Premium Apparel: Consumers are consolidating spend into fast-growing performance and lifestyle brands with direct-to-consumer models and pricing power.

Read the full ONON research brief · See all quality rankings

Intelligence data powered by Decifer. Not financial advice. For informational purposes only.