WallStSmart

Designer Brands Inc (DBI)vsOn Holding Ltd (ONON)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

On Holding Ltd generates 8% more annual revenue ($3.12B vs $2.89B). ONON leads profitability with a 8.0% profit margin vs -0.3%. ONON appears more attractively valued with a PEG of 0.72. ONON earns a higher WallStSmart Score of 65/100 (B-).

DBI

Hold

50

out of 100

Grade: D+

Growth: 5.3Profit: 3.5Value: 6.3Quality: 4.3
Piotroski: 5/9

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

DBIUndervalued (+77.0%)

Margin of Safety

+77.0%

Fair Value

$28.85

Current Price

$8.44

$20.41 discount

UndervaluedFair: $28.85Overvalued
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

DBI2 strengths · Avg: 9.0/10
Price/BookValuation
1.5x10/10

Reasonable price relative to book value

EPS GrowthGrowth
45.8%8/10

Earnings expanding 45.8% YoY

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

DBI4 concerns · Avg: 3.3/10
PEG RatioValuation
2.344/10

Expensive relative to growth rate

Revenue GrowthGrowth
0.0%4/10

0.0% revenue growth

Market CapQuality
$428.33M3/10

Smaller company, higher risk/reward

Free Cash FlowQuality
$-24.69M2/10

Negative free cash flow — burning cash

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 : DBI

The strongest argument for DBI centers on Price/Book, EPS 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 : DBI

The primary concerns for DBI are PEG Ratio, Revenue Growth, Market Cap. Debt-to-equity of 4.37 is elevated, increasing financial risk.

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

DBI profiles as a turnaround 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 50/100) and 14.5% revenue growth. DBI offers better value entry with a 77.0% margin of safety. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Designer Brands Inc

CONSUMER CYCLICAL · FOOTWEAR & ACCESSORIES · USA

Designer Brands Inc. designs, manufactures and retails women's, men's and children's footwear and accessories primarily in North America. The company is headquartered in Columbus, Ohio.

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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