49G Stock Chart & Stats
Currently, no data available
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Bulls Say, Bears Say
Bulls Say
Sustained Multi-year Revenue Growth & ProfitabilityOn has moved from loss-making to consistent profitability with multi-year top-line expansion, reflecting durable demand for its products. This structural revenue momentum improves scale economics, supports reinvestment and reduces execution risk over the next 2–6 months as new cohorts and channel mix continue to expand.
High And Sustained Gross/EBITDA MarginsElevated gross margins and strong EBITDA guidance indicate durable pricing power and cost structure advantages from product premiumization and scale. If sustained, these margins support robust cash conversion and cushion against cyclical cost pressures while enabling continued investment in brand and innovation.
Direct-to-consumer Strength & APAC ExpansionRapid D2C growth and outsized APAC momentum deepen direct customer relationships and improve margins long-term. Strong regional adoption (Greater China, Korea) and apparel acceleration diversify revenue streams, reduce wholesale concentration and create lasting customer lifetime value benefits across channels.
Bears Say
Rising Leverage & Cash-flow VolatilityIncreased debt and intermittent negative cash flow years reduce financial flexibility if demand softens. Even with current positive TTM FCF, the trend toward higher leverage and prior cash volatility could constrain capital allocation, raise refinancing risk and limit opportunistic investments over coming quarters.
Tariff And FX Structural HeadwindsSustained higher tariffs and currency volatility create recurring margin pressure and complicate pricing strategy. These structural cost factors require continued pricing discipline or absorption of costs, which could compress margins or slow realization of gross-margin targets if global trade/tariff dynamics persist.
Leadership Transition And Execution RiskA major leadership overhaul introduces near-term execution and governance risk during a high-growth phase. Founder-led transitions can realign strategy but may disrupt operations or investor relations; consistent execution is critical to maintain distribution cadence, D2C momentum and product commercialization timelines.
On Holding AG News
49G FAQ
What was On Holding Ag Class A’s price range in the past 12 months?
Currently, no data Available
What is On Holding Ag Class A’s market cap?
Currently, no data Available
When is On Holding Ag Class A’s upcoming earnings report date?
On Holding Ag Class A’s upcoming earnings report date is Aug 18, 2026 which is in 21 days.
How were On Holding Ag Class A’s earnings last quarter?
On Holding Ag Class A released its earnings results on May 12, 2026. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.269 by $0.101.
Is On Holding Ag Class A overvalued?
According to Wall Street analysts On Holding Ag Class A’s price is currently Undervalued.
Does On Holding Ag Class A pay dividends?
On Holding Ag Class A does not currently pay dividends.
What is On Holding Ag Class A’s EPS estimate?
On Holding Ag Class A’s EPS estimate is 0.34.
How many shares outstanding does On Holding Ag Class A have?
Currently, no data Available
What happened to On Holding Ag Class A’s price movement after its last earnings report?
On Holding Ag Class A reported an EPS of $0.37 in its last earnings report, beating expectations of $0.269. Following the earnings report the stock price went same N/A.
Which hedge fund is a major shareholder of On Holding Ag Class A?
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
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Analyst Consensus
Strong Buy
Average Price Target:
$41.58 (― Downside)
$41.58 (― Downside)
Insider Transactions
Bought Shares
Worth CHF5.3M 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
-28.28%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
34.91%
Trailing 12-Months
Company Description
On Holding Ag Class A
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed robust, broad‑based growth and record profitability driven by product innovation, strong D2C and wholesale execution, and exceptional APAC expansion. The company reiterated high gross margin and adjusted EBITDA targets, highlighted numerous product and retail milestones (LightSpray, SuperFoam, Cloud franchises, apparel traction) and maintained a disciplined premium, full‑price strategy. Headwinds cited were manageable (FX, tariffs, inventory cadence, elevated marketing and a leadership transition) and were framed as known or being actively managed. Overall positives (strong top‑line, margin expansion, regional and category outperformance, and a >CHF1B cash position) materially outweigh the lowlights.View all CH:49G earnings summaries49G Stock 12 Month Forecast
Average Price Target
$41.58











