On Holding Stock Beta
| ONON Stock | USD 38.12 1.48 4.04% |
On Holding fundamentals help investors to digest information that contributes to On Holding's financial success or failures. It also enables traders to predict the movement of ONON Stock. The fundamental analysis module provides a way to measure On Holding's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to On Holding stock.
ONON | Beta |
On Holding Company Beta Analysis
On Holding's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current On Holding Beta | 2.17 |
Most of On Holding's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, On Holding is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ONON Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for On Holding is extremely important. It helps to project a fair market value of ONON Stock properly, considering its historical fundamentals such as Beta. Since On Holding's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of On Holding's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of On Holding's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, On Holding has a Beta of 2.172. This is 158.57% higher than that of the Textiles, Apparel & Luxury Goods sector and 201.67% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
ONON Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses On Holding's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of On Holding could also be used in its relative valuation, which is a method of valuing On Holding by comparing valuation metrics of similar companies.On Holding is currently under evaluation in beta category among related companies.
On Holding ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, On Holding's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to On Holding's managers, analysts, and investors.Environmental | Governance | Social |
On Holding Institutional Holders
Institutional Holdings refers to the ownership stake in On Holding that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of On Holding's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing On Holding's value.| Shares | T. Rowe Price Associates, Inc. | 2023-12-31 | 2.8 M | Pictet Asset Manangement Sa | 2023-12-31 | 2.7 M | Man Group Plc | 2023-12-31 | 2.4 M | Norges Bank | 2023-12-31 | 2.1 M | Goldman Sachs Group Inc | 2023-12-31 | 2.1 M | Jennison Associates Llc | 2024-03-31 | 2 M | Allspring Global Investments Holdings, Llc | 2023-12-31 | 1.7 M | Ubs Group Ag | 2023-12-31 | 1.7 M | Capital Research Global Investors | 2023-12-31 | 1.7 M | Fmr Inc | 2023-12-31 | 28.4 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 17.8 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, On Holding will likely underperform.
ONON Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0641 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 12.05 B | ||||
| Shares Outstanding | 284.76 M | ||||
| Shares Owned By Insiders | 25.76 % | ||||
| Shares Owned By Institutions | 63.70 % | ||||
| Number Of Shares Shorted | 32.77 M | ||||
| Price To Earning | 335.82 X | ||||
| Price To Book | 8.90 X | ||||
| Price To Sales | 5.85 X | ||||
| Revenue | 1.68 B | ||||
| Gross Profit | 684.9 M | ||||
| EBITDA | 229.72 M | ||||
| Net Income | 74.58 M | ||||
| Cash And Equivalents | 577.55 M | ||||
| Cash Per Share | 1.83 X | ||||
| Total Debt | 243.78 M | ||||
| Debt To Equity | 0.21 % | ||||
| Current Ratio | 4.49 X | ||||
| Book Value Per Share | 3.67 X | ||||
| Cash Flow From Operations | 211.36 M | ||||
| Short Ratio | 9.58 X | ||||
| Earnings Per Share | 0.43 X | ||||
| Price To Earnings To Growth | 1.20 X | ||||
| Target Price | 39.38 | ||||
| Number Of Employees | 2.35 K | ||||
| Beta | 2.17 | ||||
| Market Capitalization | 12.25 B | ||||
| Total Asset | 1.59 B | ||||
| Retained Earnings | (63.32 M) | ||||
| Working Capital | 845.7 M | ||||
| Net Asset | 1.59 B |
About On Holding Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze On Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of On Holding using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of On Holding based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out On Holding Piotroski F Score and On Holding Altman Z Score analysis. To learn how to invest in ONON Stock, please use our How to Invest in On Holding guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for ONON Stock analysis
When running On Holding's price analysis, check to measure On Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy On Holding is operating at the current time. Most of On Holding's value examination focuses on studying past and present price action to predict the probability of On Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move On Holding's price. Additionally, you may evaluate how the addition of On Holding to your portfolios can decrease your overall portfolio volatility.
| Stocks Directory Find actively traded stocks across global markets | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |
Is On Holding's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of On Holding. If investors know ONON will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about On Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.031 | Earnings Share 0.43 | Revenue Per Share 5.878 | Quarterly Revenue Growth 0.209 | Return On Assets 0.0641 |
The market value of On Holding is measured differently than its book value, which is the value of ONON that is recorded on the company's balance sheet. Investors also form their own opinion of On Holding's value that differs from its market value or its book value, called intrinsic value, which is On Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because On Holding's market value can be influenced by many factors that don't directly affect On Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between On Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if On Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, On Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.