With inflation trends, interest rates and trade tensions pulling market attention in different directions, it can help to anchor part of your portfolio to leaders who are deeply tied to their companies’ long term outcomes. The Founder-Led Companies screener focuses on businesses where the original builder is still at the helm, aligning decision making closely with shareholder interests. This theme does not depend on any single sector or region, which can be useful when macro signals are mixed. In this article, you will see 3 stocks from the screener that fit this founder-led approach.

On Holding (ONON)

Overview: On Holding is a Zurich based sportswear company that designs and sells premium athletic footwear, apparel and accessories under the On brand, targeting runners, outdoor enthusiasts and everyday active consumers worldwide. It reaches customers through a mix of wholesale partners, its own stores and a fast growing e commerce channel.

Operations: On Holding generates essentially all of its CHF 3.1b in revenue from athletic footwear, with CHF 564.5m reported from the Asia Pacific region.

Market Cap: CHF 12.5b

On Holding stands out in the founder led universe because its premium sports brand, strong direct to consumer and e commerce presence, and growing international footprint are already feeding into solid earnings growth, high quality profitability and a rising return on equity. At the same time, the stock carries a high P/E multiple and depends heavily on premium pricing, marketing investment and brand collaborations, so any cooling in demand or misstep in expansion could pressure margins. For investors weighing whether that trade off is worth it, the key questions are how durable On Holding’s brand momentum really is, how far its DTC mix and automation can support margins, and whether current pricing already reflects those strengths.

On Holding’s premium story, strong earnings profile and rich P/E suggest that the market may not be pricing the full picture yet, especially around cash flow and capital allocation choices in the DCF valuation analysis for On Holding

Kaspi.kz (KSPI)

Overview: Kaspi.kz is a Kazakhstan based fintech platform that combines payments, a broad e-commerce marketplace and consumer and merchant finance into a single super app serving users across Kazakhstan, Turkey, Azerbaijan and Ukraine.

Operations: Kaspi.kz generates most of its KZT 3.5t in revenue from its Marketplace segment at KZT 2,101,987m, alongside Fintech at KZT 1,629,676m and Payments at KZT 669,549m, with smaller intergroup and rewards adjustments.

Market Cap: US$16.9b

Kaspi.kz attracts attention because its super app model ties together shopping, payments and lending in Kazakhstan and Turkey, which can deepen user engagement and help cross sell higher value financial products. Earnings quality signals are mixed, with high profit margins and a 38.4% ROE set against recent margin compression, high reliance on external debt funding and a dividend that current cash flows do not fully cover. In addition, regulators and new competitors in both core and new markets could affect how comfortably Kaspi.kz scales its ecosystem. Analysts also note expectations for revenue growth and a valuation that some view as inexpensive relative to estimated cash flows, so investors who understand the funding and regulatory trade offs may find more to unpack in this story.

Kaspi.kz’s super app story mixes high margins, 38.4% ROE and an ecosystem many investors may be underestimating, yet funding strains and regulation sit in the background of the 3 key rewards and 3 important warning signs

Dave (DAVE)

Overview: Dave is a US based digital financial services platform that offers budgeting tools, a discretionary overdraft product called ExtraCash, a Side Hustle job portal and a digital checking account to help members manage cash flow and find short term income opportunities.

Operations: Dave generates its US$604.6m in revenue from service based and transaction based operations in the United States.

Market Cap: US$5.3b

Dave has caught investors’ attention because its ExtraCash advances, subscription fees and CashAI driven underwriting sit at the center of a fast growing, highly profitable model, with net margins at 37.2% and earnings and revenue forecasts that point to continued expansion. At the same time, the business leans on high debt funding instead of customer deposits and faces regulatory and competitive pressure around small dollar credit, which could affect those margins and growth. In addition, the company has reported strong recent earnings beats, active share buybacks, a P/E that sits above some fair value estimates and a run of higher analyst price targets. As a result, Dave is a founder led stock where the mix of quality, leverage and valuation needs a closer look.

Dave’s fast growing margins, CashAI underwriting and active buybacks hint at a story the market may be only half pricing in. The real twist sits inside the analyst forecasts for Dave

The three founder led stocks in this article are just a starting point. The full screen surfaces 1,453 more companies that combine ownership, accountability and long term vision inside the Founder-Led Companies screener. Use Simply Wall St to identify and analyze founder led businesses by the exact catalysts and narratives discussed here, so you can filter for the highest conviction ideas that best fit your own approach.

Take Control of Your Investment Journey

If Dave or any of these companies have caught your attention, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value and track any new developments as they happen. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.