Added to YB: 2026-01-14
Pitch date: 2026-01-12
ONON [bullish]
On Holding AG
-3.18%
current return
Author Info
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Company Info
On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis.
Market Cap
$13.1B
Pitch Price
$48.81
Price Target
65.80 (+35%)
Dividend
N/A
EV/EBITDA
27.26
P/E
58.48
EV/Sales
4.38
Sector
Textiles, Apparel and Luxury Goods
Category
growth
On Holding: High Gross Margin, Geographic Expansion, and Appealing Valuation
ONON: Swiss premium sportswear co w/ proprietary CloudTec tech. Q3'25: +24.9% revenue growth, 65.7% gross margin (highest vs competitors). Apparel +86.9% YoY, Asia-Pacific +90%. Strong cash position, narrow moat. Trading at 1.18 PEG, analyst PT $61.58 (+23%). Key risks: premium demand sensitivity, rising opex.
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