ONONN Stock Chart & Stats
$494.00
$0.00(0.00%)
At close: 4:00 PM EDT
$494.00
$0.00(0.00%)
Day’s Range― - ―
52-Week Range$460.00 - $939.00
Previous CloseN/A
Volume0.00
Average Volume (3M)4.08K
Market Cap
$155.92B
Enterprise Value$11.16K
Total Cash (Recent Filing)$1.24B
Total Debt (Recent Filing)$562.50M
Price to Earnings (P/E)18.4
Beta0.12
Next Earnings
Nov 17, 2026EPS Estimate
8.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.20
Shares Outstanding296,873,350
10 Day Avg. Volume5,124
30 Day Avg. Volume4,076
Financial Highlights & Ratios
PEG Ratio-3.70
Price to Book (P/B)7.43
Price to Sales (P/S)4.22
P/FCF Ratio47.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$689.17Price Target Upside39.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
EPS Forecast (FY)23.67
Revenue Forecast (FY)$59.31B
Bulls Say, Bears Say
Bulls Say
Strong Growth And ProfitabilityBroad-based double-digit growth alongside premium gross and EBITDA margins indicates strong demand and operating leverage. This combination can support continued reinvestment in products, stores and marketing while strengthening profitability as the business scales over the next several quarters.
Direct-to-consumer MomentumRapid DTC growth improves channel control, customer ownership and mix, while reducing reliance on third-party retailers. A larger direct channel can support stronger margins, better brand presentation and more reliable consumer insight, reinforcing On’s premium positioning over time.
Innovation And Category ExpansionGrowth beyond core running footwear, supported by product innovation and scaled technologies, broadens the addressable market and reduces dependence on one category. Successful apparel, training and lifestyle adoption can deepen consumer engagement and create additional long-term growth avenues.
Bears Say
Wholesale Growth And Channel PressureSlower wholesale growth and promotional conditions may pressure sell-through and make channel performance more volatile, particularly in the Americas. Although management is protecting full-price integrity, weaker retailer momentum could constrain near-term revenue conversion and require further channel management.
Elevated InventoryA substantially higher inventory balance increases the importance of accurate demand planning while wholesale sell-in is being recalibrated. If inventory growth continues to outpace sales or sell-through weakens, working capital could absorb cash and promotional activity could pressure margins.
U.S. Tariff PressureHigher import tariffs create ongoing uncertainty around the timing and size of potential cash and margin relief. Because anticipated refunds are not included in current guidance, the company must manage the business without relying on those benefits, preserving less certainty around profitability.
On Holding AG News
ONONN FAQ
What was On Holding AG’s price range in the past 12 months?
On Holding AG lowest stock price was $460.00 and its highest was $939.00 in the past 12 months.
What is On Holding AG’s market cap?
On Holding AG’s market cap is $155.92B.
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 69 days.
How were On Holding AG’s earnings last quarter?
On Holding AG released its earnings results on Aug 11, 2026. The company reported $7.344 earnings per share for the quarter, beating the consensus estimate of $7.134 by $0.21.
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 8.08.
How many shares outstanding does On Holding AG have?
On Holding AG has 296,873,350 shares outstanding.
What happened to On Holding AG’s price movement after its last earnings report?
On Holding AG reported an EPS of $7.344 in its last earnings report, beating expectations of $7.134. Following the earnings report the stock price went down -21.115%.
Which hedge fund is a major shareholder of On Holding AG?
Currently, no hedge funds are holding shares in MX:ONONN
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
Moderate Buy
Average Price Target:
$689.17 (39.51% Upside)
$689.17 (39.51% Upside)
Blogger Sentiment
Bullish
MX:ONONN Sentiment 67%
Sector Average 58%
Sector Average 58%
Insider Transactions
Bought Shares
Worth $65.5M 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
-39.66%
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.
ONONN 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 MX:ONONN earnings summariesONONN Stock 12 Month Forecast
Average Price Target
$689.17
▲(39.51% Upside)