Added to YB: 2025-09-19
Pitch date: 2025-06-30
ONON [neutral]
On Holding AG
-34.62%
current return
Author Info
No bio for this author
Company Info
On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific.
Market Cap
$9.1B
Pitch Price
$51.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.23
P/E
45.24
EV/Sales
2.85
Sector
Textiles, Apparel and Luxury Goods
Category
growth
Sands Capital Global Growth Strategy New Position: On Holding AG
ONON (new position): Premium sportswear brand w/ patented cloud soles, now top 10 global sports footwear by market share in <15yrs. Benefiting from athleisure trend & premiumization. Strong pricing power & margins from brand perception. Small position due to elevated valuation & Vietnam supply chain tariff risk.
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