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ONON US​

On Holding AG Class A(ONON US)

$32.51-1.494.38%Ext:$33.58+1.073.30%(Market Closed · 00:00:02 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

On Holding AG Class A — Company Profile

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. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

Sector
Materials
Industry
Chemicals
Exchange
UN
CEO
David Allemann
Headquarters
Zurich, V8, CH
IPO Date
Sep 15, 2021
Employees
3,963
Website
www.on.com

Key Metrics

Price
$30.85
Market Cap
$10.28B
Revenue (TTM)
$850.46M
Net Income (TTM)
$105.60M
EPS (TTM)
0.32
P/E (TTM)
40.78
P/B (TTM)
5.82
Dividend Yield
0.00%
ROE (TTM)
5.98%
ROA (TTM)
3.57%
Operating Margin
14.11%
Beta
0.98

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

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. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

Website
www.on.com
Location
Zurich, V8, CH
Phone41 44 225 15 55
Employees3,963
CEODavid Allemann
Sector
Materials
Industry
Chemicals
IPO DateSep 15, 2021

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Latest Documents

SEC Filings(250)

Expand
  • 144Hoffmann Martin1 Oct
  • 4Durkin Dennis M28 Sep
  • 4Helmersson Helena28 Sep
  • 4Miele Laura28 Sep
  • 4Miele Laura23 Sep
  • 4Durkin Dennis M23 Sep
  • 4Banse Amy23 Sep
  • 4Perez Alexandre23 Sep
  • 4Helmersson Helena23 Sep
  • 6-KCurrent report (foreign private issuer)22 Sep
  • 4Maguire Scott Andrew9 Sep
  • 4Sluis Frank9 Sep
  • 4Bernhard Olivier17 Aug
  • 4Coppetti Caspar Felix17 Aug
  • SC 13GOn Holding AG14 Aug
  • SC 13G/AOn Holding AG12 Aug
  • SC 13GOn Holding AG12 Aug
  • 6-KCurrent report (foreign private issuer)11 Aug
  • SC 13G/AOn Holding AG6 Aug
  • 144Hoffmann Martin6 Jul

News

  • What's Wrong With On Holding Stock?23 Oct
  • On Holding (ONON) Stock Dips While Market Gains: Key Facts21 Oct
  • Why On Holding (ONON) is a Top Momentum Stock for the Long-Term21 Oct
  • On Holding's Quality And Brand Strengths Are Worth Buying21 Oct
  • 2 Brilliant Stocks to Buy Now and Hold Forever21 Oct
  • Investors Heavily Search On Holding AG (ONON): Here is What You Need to Know20 Oct
  • On Holding (ONON) Falls More Steeply Than Broader Market: What Investors Need to Know16 Oct
  • On Holding (ONON) is a Top-Ranked Growth Stock: Should You Buy?13 Oct
  • This Nvidia Partner Was My Top Pick for 2026, and It's Up 43%: Here's Why It's Still a Great Value Now11 Oct
  • On Holding AG (NYSE:ONON) Stock Has Average Price Target of $43.17 According to Brokerages10 Oct
  • On Holding (ONON) Gains As Market Dips: What You Should Know8 Oct
  • On Holding AG (ONON) is Attracting Investor Attention: Here is What You Should Know7 Oct
  • On Holding Is Down Over 50% From Its All-Time High. Is a Push Into Football and Golf the Key to Unlocking Faster Growth?7 Oct
  • On Holding AG (ONON) Stock Up 3.3% and Still Undervalued -- GF Score: 79/1005 Oct
  • On Holding (ONON) Surpasses Market Returns: Some Facts Worth Knowing2 Oct
  • On Holding (ONON) Outperforms Broader Market: What You Need to Know1 Oct
  • LeBron James Has a Fix for Nike as It Heads Into Its Worst Year Since Jordan Retired1 Oct
  • On Holding's Premium Store Expansion Strengthens Consumer Connections28 Sep
  • On Holding (ONON) Stock Sinks As Market Gains: Here's Why25 Sep
  • On Targets CHF 5.6B by 2029, Unveils Football, Golf and $1B Buyback Plan25 Sep

Mentions in Filings

  • Corporate and All Other primarily includes unallocated corporate costs, interest expense <strong>on holding</strong>-company debt, and the former controlling majority-owned interest in Quantinuum prior to deconsolidation in the second quarter of 2026. Corporate expenses historically allocated to the Honeywell Aerospace and Advanced Materials businesses prior to being spun off and not eligible to be part of discontinued operations are now included in Corporate and …
    HONEYWELL INTERNATIONAL INCOn Holding AG Class A·10-Q - Quarterly report Q3·Q3 26·22 Oct
  • Depending on the assets and/or activities that the company undertakes in Argentina, limitations could be imposed <strong>on holding</strong> percentages by foreigners in accordance with Law No. 26,737 “*Régimen de Protección al Dominio Nacional sobre la Propiedad, Posesión o Tenencia de las Tierras Rurales*” which regulates, with respect to foreigners or companies controlled by foreigners, the limits to the ownership and possession of rural lands, regardless of t …
    CRESUD INCOn Holding AG Class A·20-F - Annual report (foreign private issuer) FY 2026·FY26·21 Oct
  • … Series H Preferred Stock is not currently convertible into shares of Common Stock. The Company is currently considering to amend the milestones, including removing or revising some or all of them, and is still planning <strong>on holding</strong> a stockholder meeting to approve the conversion of the Series H Preferred Stock and any amendments to the Series H Preferred Stock. If the milestones are amended or removed and stockholder approval is obtained, the maxi …
    GridAI Technologies Corp.On Holding AG Class A·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·19 Oct
  • … t limitation; however, the defaulted municipal debt security will be taken into account for purposes of determining whether purchases of additional municipal debt securities will cause the Fund to violate its limitation <strong>on holding</strong> Distressed Securities. Principal Risks You could lose money by investing in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation …
    FIRST TRUST EXCHANGE-TRADED FUND VIIIOn Holding AG Class A·497K - SUMMARY PROSPECTUS·19 Oct·19 Oct
  • … t limitation; however, the defaulted municipal debt security will be taken into account for purposes of determining whether purchases of additional municipal debt securities will cause the Fund to violate its limitation <strong>on holding</strong> Distressed Securities. Principal Risks You could lose money by investing in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation …
    FIRST TRUST EXCHANGE-TRADED FUND VIIIOn Holding AG Class A·497 - DEFINITIVE MATERIALS·19 Oct·19 Oct
  • … ittee with respect to any Award will be made in its sole discretion either (a) at the time of grant of the Award, or (b) subject to Section 4.9 hereof, at any later time. Any such determination will be final and binding <strong>on Holding</strong> and on all persons having an interest in any Award under this Plan. To the extent permitted by applicable law, the Committee may delegate to one or more directors or officers of the Company Group the authority to grant …
    vVARDIS Holding AGOn Holding AG Class A·EX-10.(6)(1) - F-1 - EXHIBIT 10.6.1·09 Oct·9 Oct

Key Stats

Trading

Px/Chg 1D$30.85 / +2.15%
Avg Volume6.46M
Beta0.98
Mkt Cap10.28B
FD Mkt Cap9.62B

Float

Shrs Out/Float333.33M / 224.98M
Short Float0.09%
Days to Cover3.58
Stock Repurchased$0.00

Current Valuation

EV9.86B
EV/EBITDA23.23
EV/Sales3.15
P/B5.82
P/S3.28
FCF Yield0.06%
ROE5.98%
ROA3.57%
Current Ratio2.98

Estimates

P/E40.78
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMar '23Mar '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings129.21169.18143.6871.76164.0297.38
Price / Sales9.847.996.387.5015.2412.09
Price / Book Value9.1810.0710.6412.496.885.82
Price / Free Cash Flow356.30-31.4961.8539.02140.391,571.70
ENTERPRISE VALUE METRICS
Enterprise Value11,641.39,551.311,171.216,811.710,808.59,864.0
Enterprise Value / Sales9.517.826.237.2514.6411.60
Enterprise Value / EBITDA65.5774.2754.1542.0396.9860.42
Enterprise Value / EBIT90.60116.2062.1356.91139.9977.75

Financials

Full Financials
Millions CHF5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue41.2%724.61,222.11,792.12,318.32,878.5
Gross Income43.2%430.3684.91,067.31,405.71,808.6
EBITDA—-125.8128.6206.3400.0345.9
EBIT—-157.282.2179.8295.4224.2
Net Income—-170.257.779.6242.3194.5
EPS (Diluted)—-0.550.180.250.710.58
BALANCE SHEET
Cash & ST Inv10.8%676.8397.3512.4968.01,021.1
Total Assets23.1%1,236.51,382.41,593.02,376.72,838.6
Total Liabilities32.7%388.1412.9518.5984.91,204.4
Total Shareholder Equity17.8%848.4969.51,074.51,391.81,634.3
CASH FLOW
Net Operating Cash Flow109.1%16.9-227.0232.1510.6322.8
Cap Ex17.8%-36.2-83.0-47.2-65.0-69.6
Free Cash Flow—-19.3-310.0184.9445.6253.2

Enterprise Value Bridge

Millions CHF23 Oct '26
Price (As of 23 Oct '26)32.51
Basic Shares333.33
Market Cap10,836.5
Diluted Shares335.61
Fully Diluted Shares Outstanding335.61
Fully Diluted Market Cap10,910.5
+Consolidated Debt598.1
−In-the-Money Convertible Debt—
+Capital Leases455.7
+Operating Leases—
−Cash & Equivalents-1,017.4
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value10,417.3

Segment data

Revenue

by Products and services

  • Shoes93%
  • Apparel6%
  • Accessories1%

Revenue

by Geography

  • Americas38%
  • United States34%
  • Europe, Middle East And Africa17%
  • Asia Pacific11%
  • Switzerland1%

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