Added to YB: 2024-10-09
Pitch date: 2024-10-07
ONON [neutral]
On Holding AG
-3.14%
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
$10.9B
Pitch Price
$50.34
Price Target
N/A
Dividend
N/A
EV/EBITDA
22.42
P/E
49.54
EV/Sales
3.61
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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