Birkenstock Holding plc (BIRK)vsOn Holding Ltd (ONON)
BIRK
Birkenstock Holding plc
$41.53
-0.76%
CONSUMER CYCLICAL · Cap: $8.16B
ONON
On Holding Ltd
$37.91
+0.05%
CONSUMER CYCLICAL · Cap: $12.63B
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 0.73. ONON earns a higher WallStSmart Score of 63/100 (C+).
BIRK
Buy61
out of 100
Grade: C+
ONON
Buy63
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-51.9%
Fair Value
$26.33
Current Price
$41.53
$15.20 premium
Margin of Safety
+8.5%
Fair Value
$49.52
Current Price
$37.91
$11.61 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 26.9%
Earnings expanding 81.1% YoY
Growing faster than its price suggests
Areas to Watch
Grey zone — moderate risk
Earnings declined 20.4%
Premium valuation, high expectations priced in
Comparative Analysis Report
WallStSmart ResearchBull 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 1.27 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 0.73 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 41.2x 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 2.12 — 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 (63/100 vs 61/100) and 14.5% revenue growth. Both earn "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.
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