49G Stock Chart & Stats
Currently, no data available
Please return soon. This page is being updated.
Bulls Say, Bears Say
Bulls Say
Direct-to-consumer MomentumRapid DTC growth strengthens On’s control over pricing, customer relationships, and product presentation while supporting a richer channel mix. A larger owned-channel base can improve brand consistency and margin durability, reducing reliance on third-party retail partners over the coming quarters.
Strong Growth And MarginsThe combination of sustained low-20s growth guidance and high profitability indicates that On is scaling without sacrificing its premium economics. Maintaining a 65% gross margin and near-20% EBITDA margin would provide substantial resources for marketing, innovation, retail expansion, and geographic growth.
Product And Category ExpansionGrowth beyond core running footwear broadens On’s addressable market and creates more opportunities to increase customer purchase frequency. Strong apparel and training performance, alongside planned football and golf expansion, can diversify revenue while extending the brand across additional sports and lifestyle occasions.
Bears Say
Wholesale WeaknessSlower wholesale growth and promotional conditions can pressure sell-through, channel productivity, and the timing of revenue recognition. Although management is deliberately protecting full-price integrity, prolonged weakness in multi-brand retail would make the growth trajectory more dependent on continued DTC execution and successful product launches.
Inventory BuildA 30% inventory increase creates an execution requirement as management calibrates wholesale sell-in and navigates uneven retail demand. If inventory does not convert into full-price sales, the company could face greater working-capital needs or increased discounting, which would challenge the durability of current margins.
Tariff Pressure And Timing UncertaintyHigher U.S. import tariffs introduce an external cost burden that can reduce gross-margin flexibility or require pricing and sourcing adjustments. The timing of anticipated refunds is also uncertain, so near-term cash generation and profitability may not fully benefit from the expected relief within the next several quarters.
On Holding AG News
49G FAQ
What was On Holding AG’s price range in the past 12 months?
Currently, no data Available
What is On Holding AG’s market cap?
On Holding AG’s market cap is CHF8.21B.
When is On Holding AG’s upcoming earnings report date?
On Holding AG’s upcoming earnings report date is Nov 17, 2026 which is in 49 days.
How were On Holding AG’s earnings last quarter?
On Holding AG released its earnings results on Aug 11, 2026. The company reported CHF0.35 earnings per share for the quarter, beating the consensus estimate of CHF0.34 by CHF0.01.
Is On Holding AG overvalued?
According to Wall Street analysts On Holding AG’s price is currently Undervalued.
Does On Holding AG pay dividends?
On Holding AG does not currently pay dividends.
What is On Holding AG’s EPS estimate?
On Holding AG’s EPS estimate is 0.38.
How many shares outstanding does On Holding AG have?
Currently, no data Available
What happened to On Holding AG’s price movement after its last earnings report?
On Holding AG reported an EPS of CHF0.35 in its last earnings report, beating expectations of CHF0.34. Following the earnings report the stock price went same N/A.
Which hedge fund is a major shareholder of On Holding AG?
Currently, no hedge funds are holding shares in CH:49G
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
On Holding AG Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
CHF35.43 (― Upside)
CHF35.43 (― Upside)
Blogger Sentiment
Bullish
CH:49G Sentiment 67%
Sector Average 59%
Sector Average 59%
Insider Transactions
Bought Shares
Worth CHF3.3M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-29.36%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
25.81%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
On Holding AG
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.
49G Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a strong set of financial and commercial achievements: double-digit constant-currency revenue growth, exceptional gross margin expansion (65.4%), robust DTC momentum (34.3% CC growth; 45.7% of sales), large APAC and apparel outperformance, meaningful innovation milestones, and a fortified balance sheet (net cash > CHF 1.2bn). The primary near-term challenges are deliberate wholesale sell-in reductions—mainly in the Americas—resulting in moderated wholesale growth, an inventory increase (~30%), and exposure to a promotional wholesale environment and tariff timing. Management frames the wholesale actions as strategic and temporary to protect premium positioning and to set up a stronger innovation-led 2027 rollout. Given the breadth and scale of the operational, product and financial positives versus a limited set of intentional, strategic near-term trade-offs, the overall tone is decidedly favorable.View all CH:49G earnings summaries