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ONON Stock Chart & Stats
$28.83
$0.98(2.81%)
At close: 4:00 PM EDT
$28.83
$0.98(2.81%)
Day’s Range― - ―
52-Week Range$27.56 - $51.08
Previous CloseN/A
Volume7.05M
Average Volume (3M)7.98M
Market Cap
$9.16B
Enterprise Value$11.16K
Total Cash (Recent Filing)$1.24B
Total Debt (Recent Filing)$562.50M
Price to Earnings (P/E)19.1
Beta1.58
Next Earnings
Nov 17, 2026EPS Estimate
0.47Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.20
Shares Outstanding296,873,350
10 Day Avg. Volume7,006,840
30 Day Avg. Volume7,978,445
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$41.60Price Target Upside44.29% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)1.4
Revenue Forecast (FY)$3.51B
Bulls Say, Bears Say
Bulls Say
Revenue And Margin ExpansionSustained revenue growth alongside roughly 65% gross margins and improving net profitability indicates meaningful operating leverage. If product demand and premium positioning persist, these economics can support durable earnings growth over the next several quarters.
Direct-to-Consumer GrowthRapid DTC expansion increases control over pricing, customer relationships, and brand presentation while generally improving channel economics. A larger owned-channel mix can strengthen margins and reduce reliance on third-party retail execution over time.
Balance Sheet And Cash GenerationStrong liquidity and recent free cash flow give On flexibility to fund stores, innovation, inventory, and international expansion without heavy financial dependence. The net-cash position also provides resilience if consumer demand or channel conditions become less predictable.
Bears Say
Wholesale Growth And Sell-In ReductionReducing wholesale shipments protects full-price positioning but also constrains near-term volume and can make reported growth more uneven. Continued weakness among retail partners, especially in the Americas, could delay the benefit of future product launches.
Elevated InventoryA substantially larger inventory base increases working-capital requirements and raises execution risk if sell-through falls short of expectations. Although management cites growth and currency effects, excess stock could eventually require promotions that pressure margins.
Tariff ExposureTariffs can structurally raise product costs and compress margins unless offset through sourcing, pricing, or mix changes. The timing of potential refunds adds uncertainty to cash realization, while ongoing trade-policy changes could complicate medium-term planning.
On Holding AG News
ONON FAQ
What was On Holding AG’s price range in the past 12 months?
On Holding AG lowest stock price was $27.56 and its highest was $51.08 in the past 12 months.
What is On Holding AG’s market cap?
On Holding AG’s market cap is $9.16B.
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 74 days.
How were On Holding AG’s earnings last quarter?
On Holding AG released its earnings results on Aug 11, 2026. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.418 by $0.012.
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 0.47.
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 $0.43 in its last earnings report, beating expectations of $0.418. Following the earnings report the stock price went down -20.294%.
Which hedge fund is a major shareholder of On Holding AG?
Currently, no hedge funds are holding shares in ONON
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
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5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$41.60 (44.29% Upside)
$41.60 (44.29% Upside)
Blogger Sentiment
Bullish
ONON Sentiment 68%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 14.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $3.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.9%
Last 30 Days ▲ 5.1%
Last 30 Days ▲ 5.1%
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.
ONON 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 ONON earnings summariesONON Stock 12 Month Forecast
Average Price Target
$41.60
▲(44.29% Upside)
Technical Analysis
Ownership Overview
7.37% Insiders
20.01% Mutual Funds
30.92% Other Institutional Investors
39.96% Public Companies and Individual Investors