WallStSmart

Birkenstock Holding plc (BIRK)vsOn Holding Ltd (ONON)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

On Holding Ltd generates 43% more annual revenue ($3.12B vs $2.18B). BIRK leads profitability with a 16.3% profit margin vs 8.0%. ONON appears more attractively valued with a PEG of 0.72. ONON earns a higher WallStSmart Score of 65/100 (B-).

BIRK

Buy

58

out of 100

Grade: C

Growth: 5.3Profit: 7.5Value: 5.7Quality: 7.5
Piotroski: 7/9Altman Z: 1.94

ONON

Strong Buy

65

out of 100

Grade: B-

Growth: 8.7Profit: 6.5Value: 4.7Quality: 7.5
Piotroski: 5/9Altman Z: 2.96
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for BIRK.

ONONSignificantly Overvalued (-25.6%)

Margin of Safety

-25.6%

Fair Value

$36.05

Current Price

$37.08

$1.03 premium

UndervaluedFair: $36.05Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BIRK2 strengths · Avg: 8.0/10
Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Operating MarginProfitability
26.9%8/10

Strong operational efficiency at 26.9%

ONON2 strengths · Avg: 9.0/10
EPS GrowthGrowth
81.1%10/10

Earnings expanding 81.1% YoY

PEG RatioValuation
0.728/10

Growing faster than its price suggests

Areas to Watch

BIRK2 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.944/10

Grey zone — moderate risk

EPS GrowthGrowth
-20.4%2/10

Earnings declined 20.4%

ONON1 concerns · Avg: 2.0/10
P/E RatioValuation
40.6x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : BIRK

The strongest argument for BIRK centers on Price/Book, Operating Margin. Profitability is solid with margins at 16.3% and operating margin at 26.9%. PEG of 1.38 suggests the stock is reasonably priced for its growth.

Bull Case : ONON

The strongest argument for ONON centers on EPS Growth, PEG Ratio. Revenue growth of 14.5% demonstrates continued momentum. PEG of 0.72 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

The primary concerns for ONON are P/E Ratio. A P/E of 40.6x leaves little room for execution misses.

Key Dynamics to Monitor

BIRK profiles as a mature stock while ONON is a value play — different risk/reward profiles.

ONON carries more volatility with a beta of 2.10 — expect wider price swings.

ONON is growing revenue faster at 14.5% — sustainability is the question.

ONON generates stronger free cash flow (7M), providing more financial flexibility.

Bottom Line

ONON scores higher overall (65/100 vs 58/100) and 14.5% revenue growth. Both earn "Strong Buy" and "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.

Want to dig deeper into these stocks?