Added to YB: 2026-01-14
Pitch date: 2026-01-12
ONON [bullish]
On Holding AG
-27.11%
current return
Author Info
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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
$8.8B
Pitch Price
$48.81
Price Target
65.80 (+85%)
Dividend
N/A
EV/EBITDA
16.46
P/E
43.35
EV/Sales
2.73
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.
Read full article (10 min)