Professional
Added to YB: 2024-12-16
Pitch date: 2024-12-10
ONON [bullish]
On Holding AG
-41.32%
current return
Author Info
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
$56.29
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
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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