Added to YB: 2024-03-14
Pitch date: 2024-03-12
ONON [bullish]
On Holding AG
+59.61%
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
$30.55
Price Target
43.26 (-11%)
Dividend
N/A
EV/EBITDA
22.42
P/E
49.54
EV/Sales
3.61
Sector
Textiles, Apparel and Luxury Goods
Category
growth
$ONON: Unlocking the Potential of an Undervalued Gem
ONON: Crushed under $30, but 30% upside in '24. Currency hit temp but boosts buying power. Stellar YoY growth at +46.6%, nearing 60% gross margin, outpacing $NKE. Optimistic +30% growth FY24 guidance, surpassing 26% CAGR goal. Olympics exposure may bolster brand. Healthy, expanding sector, undervalued buy. Adding to portfolios.
Read full article (3 min)