49G Stock Chart & Stats
Currently, no data available
Please return soon. This page is being updated.
Bulls Say, Bears Say
Bulls Say
Growth And ProfitabilityThe combination of low-20s constant-currency growth and margins targeted at 65% gross and roughly 20% adjusted EBITDA indicates scalable demand and operating leverage. If achieved, these targets support reinvestment in products, retail and global expansion while strengthening earnings durability.
Direct-to-consumer StrengthRapid DTC growth increases control over brand presentation, customer relationships and pricing, while shifting mix toward a channel that captures more of the retail economics. A larger DTC base can therefore support durable margins and reduce reliance on wholesale distribution over time.
Balance Sheet And Cash GenerationA substantial net cash position and strong recent free cash flow give On flexibility to fund innovation, stores and international growth without depending heavily on external financing. This financial capacity also improves resilience if demand or working-capital needs become more volatile.
Bears Say
Wholesale WeaknessSlower wholesale growth, particularly in the Americas, shows that parts of the retail partner channel are not converting demand as strongly as DTC. Continued promotional pressure could constrain volume, complicate inventory planning and make consolidated growth more dependent on direct channels.
Higher InventoryInventory growth materially above the broader sales cadence requires disciplined sell-through and replenishment management, especially while wholesale orders are being calibrated. If products move more slowly than planned, working capital could remain tied up and promotional activity could pressure future margins.
Tariff ExposureHigher U.S. import tariffs create an external cost pressure that can weigh on margins or require pricing and sourcing responses. Because the expected refunds depend on timing and were excluded from guidance, near-term profitability and cash benefits remain uncertain.
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 CHF7.38B.
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 64 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 0.39.
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:
CHF33.28 (― Upside)
CHF33.28 (― Upside)
Blogger Sentiment
Bullish
CH:49G Sentiment 68%
Sector Average 58%
Sector Average 58%
Insider Transactions
Bought Shares
Worth CHF3.1M 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
-36.69%
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