ONON$41.51
$41.9
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AI ONON Summary
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Powered by LiveAIOverall Analysis
HoldOn Holding AG shows strong long-term growth potential driven by its innovative products and expanding market presence. However, recent performance has been challenged, and current valuation metrics suggest a cautious approach. The company has solid fundamentals but faces headwinds that warrant monitoring.
Thematic
On Holding AG benefits from several positive thematic trends in the athletic footwear and apparel market, including the increasing focus on health and wellness, athleisure wear, and direct-to-consumer (DTC) sales models. The brand's innovative technology and premium positioning also appeal to consumers seeking performance and style.
Fundamental
On Holding AG demonstrates strong revenue growth and improving profitability. The company has a healthy balance sheet with increasing cash reserves and manageable debt. While the current Price-to-Earnings (P/E) ratio is high, recent earnings performance shows positive trends.
Technical
On Holding AG's stock has experienced a recent decline, moving below key short-term moving averages. While longer-term trends may still be supportive, current momentum indicators suggest a period of consolidation or further downside potential before a sustained recovery.
| Factor | Score |
|---|---|
| Health and Wellness Trend | 85 |
| Athleisure Market Growth | 80 |
| Direct-to-Consumer (DTC) Shift | 70 |
| Brand Innovation and Premiumization | 80 |
| Geographic Expansion Potential | 70 |
| Factor | Score |
|---|---|
| Valuation | 45 |
| Profitability | 75 |
| Growth | 80 |
| Balance Sheet Health | 85 |
| Cash Flow | 85 |
| Factor | Score |
|---|---|
| Trend Analysis | 30 |
| Momentum | 45 |
| Volume Confirmation | 60 |
| Support & Resistance | 65 |
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Powered by LiveAIBullish Points (6)
Strong Earnings Growth & Beat
Quarterly EPS estimates have been consistently beaten, with the latest quarter (2025 Q1) showing actual EPS of $0.36 significantly exceeding the estimate of $0.17 (106.45% surprise).
Improving Revenue and Net Income
Revenue has grown from $724.6M in 2021 to $2,318.3M in 2024. Net income has also turned positive and shown growth from a loss in 2021 to $242.3M in 2024, with a healthy net margin of 10.5% in 2024.
Bearish Points (8)
High Current Valuation Multiples
The current TTM P/E ratio is 92.1 and P/S ratio is 8.3, which are significantly higher than historical TTM P/E (183.6 in 2023) and P/S (8.2 in 2023), indicating potential overvaluation based on current earnings.
Recent Performance Decline
The stock has seen a -16.61% performance over the last 6 months and -9.79% Year-to-Date, suggesting recent negative investor sentiment or market pressures.
Calendar
August 2025
12
Next Earnings Date
H: $0.25
A: $0.21
L: $0.11
H: 771.97M
A: 706.55M
L: 686.00M
Profile
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. It offers its products through independent retailers and distributors, online, and stores. The company was founded in 2010 and is headquartered in Zurich, Switzerland.
Seasonals
Price Target
68.28 USD
The 39 analysts offering 1 year price forecasts for ONON have a max estimate of 79.07 and a min estimate of 52.86.
Debt Level and Coverage
Financial Position Analysis
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Capital Structure
Valuation - Summary
Valuation - Ratios
Revenue to Profit Conversion
Balance Sheet
Income Statement
Cash Flow
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