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 $10.8B against $3.3B — 3.3× the size. Steven Madden, Ltd. trades at the lower P/E: 21.5× against 43.2×. 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 43.18 21.52 15.84
P/S 5.29 1.13 1.13
P/B 8.87 3.19 3.19
Price to free cash flow 40.52 13.94 12.42
EV/EBITDA 28.02 12.47 10.14
EV/Sales 5.03 1.14 1.24
Earnings yield 2.32% 4.65% 5.41%
Free cash flow yield 2.47% 7.17% 4.92%

Profitability

Metric ONON SHOO Footwear & Accessories median
Gross margin 64.74% 46.13% 49.08%
Operating margin 13.74% 7.50% 8.69%
Net margin 12.25% 5.23% 5.72%
Free cash flow margin 13.05% 8.18% 8.58%
Return on equity 24.18% 15.61% 13.13%
Return on assets 13.83% 7.68% 6.28%
Return on invested capital 25.00% 12.82% 10.98%

Growth

Metric ONON SHOO Footwear & Accessories median
Revenue growth (TTM) 29.22% 18.15% (0.32%)
EPS growth (last fiscal year) (10.54%) (73.19%) 12.95%
Revenue growth, 5-year CAGR 51.65% 16.09% 9.43%
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 0.49
Current ratio 2.83 1.91 2.26
Net debt to EBITDA (1.27) 1.00 0.38

Dividend

Metric ONON SHOO Footwear & Accessories median
Dividend yield — 1.93% 1.94%
Payout ratio — 0.42 0.37

Size

Metric ONON SHOO Footwear & Accessories median
Market cap 10.80b 3.29b 1.10b

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