Deckers Outdoor Corporation (DECK) vs On Holding AG (ONON)

Deckers Outdoor Corporation and On Holding AG are both Footwear & Accessories companies. Deckers Outdoor Corporation and On Holding AG are of similar size ($11.6B and $11.2B). Deckers Outdoor Corporation trades at the lower P/E: 11.5× against 41.5×. On Holding AG grew revenue faster over the last twelve months: 29.2% against 7.85%. Deckers Outdoor Corporation has the higher net margin (18.4% vs 12.3%) and the higher return on invested capital (112.0% vs 25.0%). Across the 22 metrics below, Deckers Outdoor Corporation leads on 18 and On Holding AG on 4.

Valuation

Metric DECK ONON Footwear & Accessories median
P/E 11.47 41.52 15.55
P/S 2.03 5.08 1.12
P/B 4.87 8.53 3.17
Price to free cash flow 10.23 38.97 12.19
EV/EBITDA 7.24 26.90 9.58
EV/Sales 1.74 4.83 1.20
Earnings yield 8.72% 2.41% 6.31%
Free cash flow yield 9.77% 2.57% 5.10%

Profitability

Metric DECK ONON Footwear & Accessories median
Gross margin 57.80% 64.74% 49.08%
Operating margin 22.67% 13.74% 8.69%
Net margin 18.36% 12.25% 5.72%
Free cash flow margin 20.22% 13.05% 8.58%
Return on equity 42.56% 24.18% 13.13%
Return on assets 26.33% 13.83% 6.28%
Return on invested capital 112.01% 25.00% 10.98%

Growth

Metric DECK ONON Footwear & Accessories median
Revenue growth (TTM) 7.85% 29.22% (0.32%)
EPS growth (last fiscal year) 10.90% (10.54%) 12.95%
Revenue growth, 5-year CAGR 16.54% 51.65% 9.43%
Net income growth, 5-year CAGR 21.77% 0.00% 0.00%

Health

Metric DECK ONON Footwear & Accessories median
Debt to equity 0.00 0.25 0.49
Current ratio 2.75 2.83 2.26
Net debt to EBITDA (1.42) (1.27) 0.38

Dividend

Metric DECK ONON Footwear & Accessories median
Dividend yield — — 1.95%
Payout ratio — — 0.37

Size

Metric DECK ONON Footwear & Accessories median
Market cap 11.61b 11.20b 1.10b

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