On Holding AG (ONON) vs Steven Madden, Ltd. (SHOO)

On Holding AG and Steven Madden, Ltd. are both Footwear & Accessories companies. On Holding AG is the larger, with a market value of $10.1B against $3.3B — 3.1× the size. Steven Madden, Ltd. trades at the lower P/E: 22.3× against 38.3×. On Holding AG grew revenue faster over the last twelve months: 29.2% against 18.2%. On Holding AG has the higher net margin (12.3% vs 5.23%) and the higher return on invested capital (25.0% vs 12.8%). Across the 21 metrics below, On Holding AG leads on 12 and Steven Madden, Ltd. on 9.

Valuation

Metric ONON SHOO Footwear & Accessories median
P/E 38.33 22.31 15.26
P/S 4.69 1.17 1.16
P/B 7.88 3.30 2.59
Price to free cash flow 35.97 14.45 12.20
EV/EBITDA 24.72 12.92 8.91
EV/Sales 4.44 1.19 1.24
Earnings yield 2.61% 4.48% 6.11%
Free cash flow yield 2.78% 6.92% 4.85%

Profitability

Metric ONON SHOO Footwear & Accessories median
Gross margin 64.74% 46.13% 49.76%
Operating margin 13.74% 7.50% 8.44%
Net margin 12.25% 5.23% 5.64%
Free cash flow margin 13.05% 8.18% 8.18%
Return on equity 24.18% 15.61% 12.45%
Return on assets 13.83% 7.68% 6.15%
Return on invested capital 25.00% 12.82% 9.58%

Growth

Metric ONON SHOO Footwear & Accessories median
Revenue growth (TTM) 29.22% 18.15% 3.68%
EPS growth (last fiscal year) (10.54%) (73.19%) —
Revenue growth, 5-year CAGR 51.65% 16.09% 7.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ONON SHOO Footwear & Accessories median
Debt to equity 0.25 0.13 0.46
Current ratio 2.83 1.91 1.96
Net debt to EBITDA (1.27) 1.00 1.00

Dividend

Metric ONON SHOO Footwear & Accessories median
Dividend yield — 2.12% 2.20%
Payout ratio 0.00 0.39 0.00

Size

Metric ONON SHOO Footwear & Accessories median
Market cap 10.05b 3.29b 614.40m

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