Added to YB: 2024-10-09
Pitch date: 2024-10-07
ONON [neutral]
On Holding AG
-33.11%
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
$9.1B
Pitch Price
$50.34
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
On Holding AG - $ONON
ONON (overvalued - pass): Swiss premium footwear co. growing 28.5% YoY. CloudTec innovation, global expansion (60% US). 96% revenue from shoes, DTC growing faster than wholesale. Profitable since 2021, 60% gross margin, 10% op margin. DCF suggests overvalued at $51.7, fair value ~$38. High growth potential but priced in.
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