Professional
Added to YB: 2024-12-16
Pitch date: 2024-12-10
ONON [bullish]
On Holding AG
-24.5%
current return
Author Info
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
$11.4B
Pitch Price
$56.29
Price Target
N/A
Dividend
N/A
Sector
Textiles, Apparel and Luxury Goods
Category
growth
Baron Capital Portfolio Holding: On Holding AG
ONON: Swiss athletic footwear co. growing 25-30% annually vs Nike's -5-10%. $2B rev in 2023, est. $4B by 2026. EBITDA margin 15% to 20%. Expect 30-35x EBITDA vs current 15-16x. Founders own 30%. Expanding into apparel, tennis. Growth opps in EU, China. $25B potential value.
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