“4 Incredibly Cheap Stocks to Buy in October”
ON is an attractive buy due to high gross margins, ~20% revenue growth, and low valuation relative to peers; added to watchlist.
On has market share, and the most important thing for On in the long run is that it has a share with a very high profit margin. This is a product that people will pay for and will pay extra; They set a profit margin of 65% in their long-term forecasts.
This extends to 2029. They said they would grow revenues by nearly 20% and achieve a gross profit margin of 65%. This is 15, 20 or even 30% higher than their competitors.