Added to YB: 2024-12-09
Pitch date: 2024-09-30
ONON [bullish]
On Holding AG
-2.67%
current return
Author Info
No bio for this author
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
$50.10
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
Polen Capital International Growth Strategy New Position: On Holding AG
ONON: Premium Swiss sports footwear brand with global presence in 60 countries. High-growth potential in large market, driven by limited SKUs and premium pricing. 25% sales and 30% earnings CAGR expected for next 3 years. Future growth from apparel, owned stores, and China expansion, each potentially >10% of sales.
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