Birkenstock Holding plc (BIRK)vsOn Holding Ltd (ONON)
BIRK
Birkenstock Holding plc
$31.13
+1.43%
CONSUMER CYCLICAL · Cap: $5.39B
ONON
On Holding Ltd
$27.41
+2.09%
CONSUMER CYCLICAL · Cap: $9.35B
Smart Verdict
WallStSmart Research — data-driven comparison
On Holding Ltd generates 42% more annual revenue ($3.22B vs $2.27B). BIRK leads profitability with a 14.8% profit margin vs 12.3%. ONON appears more attractively valued with a PEG of 0.45. ONON earns a higher WallStSmart Score of 70/100 (B).
BIRK
Strong Buy65
out of 100
Grade: B-
ONON
Strong Buy70
out of 100
Grade: B
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-33.3%
Fair Value
$30.00
Current Price
$31.13
$1.13 premium
Margin of Safety
+9.8%
Fair Value
$50.24
Current Price
$27.41
$22.83 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Growing faster than its price suggests
Attractively priced relative to earnings
Reasonable price relative to book value
Strong operational efficiency at 29.0%
Growing faster than its price suggests
Earnings expanding 81.1% YoY
Every $100 of equity generates 21 in profit
Conservative balance sheet, low leverage
Areas to Watch
Grey zone — moderate risk
Earnings declined 13.0%
No major concerns identified
Comparative Analysis Report
WallStSmart ResearchBull Case : BIRK
The strongest argument for BIRK centers on PEG Ratio, P/E Ratio, Price/Book. Revenue growth of 13.3% demonstrates continued momentum. PEG of 0.96 suggests the stock is reasonably priced for its growth.
Bull Case : ONON
The strongest argument for ONON centers on PEG Ratio, EPS Growth, Return on Equity. Revenue growth of 13.5% demonstrates continued momentum. PEG of 0.45 suggests the stock is reasonably priced for its growth.
Bear Case : BIRK
The primary concerns for BIRK are Altman Z-Score, EPS Growth.
Bear Case : ONON
No major red flags identified for ONON, but monitor valuation.
Key Dynamics to Monitor
ONON carries more volatility with a beta of 2.08 — expect wider price swings.
ONON is growing revenue faster at 13.5% — sustainability is the question.
BIRK generates stronger free cash flow (202M), providing more financial flexibility.
Monitor FOOTWEAR & ACCESSORIES industry trends, competitive dynamics, and regulatory changes.
Bottom Line
ONON scores higher overall (70/100 vs 65/100) and 13.5% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Birkenstock Holding plc
CONSUMER CYCLICAL · FOOTWEAR & ACCESSORIES · USA
Birkenstock Holding plc manufactures and sells footwear products. The company is headquartered in London, the United Kingdom.
On Holding Ltd
CONSUMER CYCLICAL · FOOTWEAR & ACCESSORIES · USA
On Holding AG develops and distributes sports products worldwide. The company is headquartered in Zurich, Switzerland.
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