On Holding AG (ONON)

Currency in USD
33.63
+0.56(+1.69%)
Closed·
33.71+0.08(+0.24%)
·
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Fair Value
Day's Range
33.1534.28
52 wk Range
26.3651.08
Key Statistics
Prev. Close
33.63
Open
33.5
Day's Range
33.15-34.28
52 wk Range
26.36-51.08
Volume
6.07M
Average Volume (3m)
10.53M
1-Year Change
-20.684%
Book Value / Share
7.79
Fair Value
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Fair Value Upside
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ONON Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
43.87
Upside
+30.46%
Members' Sentiments
Bearish
Bullish
ProTips
Net income is expected to grow this year

On Holding AG News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Sell
Moving Averages
Strong Sell

Analyst Ratings

26 Buy
5 Hold
1 Sell
Ratings:
32 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 43.87
(+30.46% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
UBS
Buy65.00+93.28%73.00Maintain11-11-2026
Morgan Stanley
Buy43.00+27.86%39.00Maintain11-11-2026
BofA Securities
Buy43.00+27.86%-Maintain11-11-2026
KeyBanc
Buy42.00+24.89%37.00Maintain11-11-2026
Barclays
Buy42.00+24.89%44.00Maintain11-11-2026

On Holding AG SWOT Analysis


Premium Performance
On Holding's innovative footwear technology drives 35% revenue growth and 60%+ gross margins, positioning it as a leader in the premium sportswear market
Global Expansion
Explore On Holding's strategic moves into new markets and product categories, including plans to double apparel sales and increase global market share
Financial Resilience
Delve into On Holding's strong financial health, with more cash than debt and an impressive Altman Z-Score of 9.09, indicating minimal financial distress risk
Market Challenges
Analysts project an average price target of $65.83, reflecting optimism tempered by potential tariff impacts and intensifying competition in the athletic footwear secto
Read full SWOT analysis

On Holding AG Earnings Call Summary for Q3/2026

  • On Holding Q3 revenue rose 17.8% to CHF 931.4M, beating estimates; adjusted EPS of $0.54 topped forecast by 42%, yet shares fell 8.47%.
  • Gross margin hit record 66.9% excluding tariff refunds; company raised FY26 margin guidance to ~66% from prior outlook of at least 65%.
  • Direct-to-consumer sales surged 24.8%, nearly double wholesale growth of 13.2%, lifting DTC mix to 42.2% of total revenue.
  • Inventory jumped 30.2% YoY to CHF 495.7M, raising concerns despite management maintaining low-20s% FY26 constant currency sales growth outlook.
  • Company projects high-teens revenue growth through 2027-2029, citing running portfolio refresh, LA 2028 Olympics, and expansion into football and golf.
Last Updated: 10-11-2026, 07:44 pm
Read Full Transcript

Earnings

Latest Release
10-11-2026
EPS / Forecast
0.54 / 0.38
Revenue / Forecast
931.4M / 929.82M
EPS Revisions
Last 90 days

ONON Income Statement

Compare ONON to Peers and Sector

Metrics to compare
ONON
Peers
Sector
Relationship
P/E Ratio
21.4x18.8x9.5x
PEG Ratio
0.220.190.02
Price/Book
4.3x4.9x1.4x
Price / LTM Sales
2.8x1.3x0.8x
Upside (Analyst Target)
30.4%16.8%28.7%
Fair Value Upside
Unlock22.4%13.3%Unlock

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.

Employees
3963

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
67.71M20.26%2.28B
Other Institutional Investors
145.08M43.41%4.88B
Public Companies & Retail Investors
121.42M36.33%4.08B
Total
334.21M100.00%11.24B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Baron Capital Group, Inc.5.07%1,69,29,7705,69,348
Morgan Stanley Investment Management Inc.4.94%1,64,97,4905,54,811

FAQ

What Is the On Holding (ONON) Share Price Today?

The On Holding share price today is 33.63.

What is the current On Holding (ONON) share price and day range?

As of 15-11-2026, the On Holding share price is 33.63, with a previous close of 33.63. The share price has ranged from 33.15 to 34.28 today, while the 52-week range spans from 26.36 to 51.08.

What Is the On Holding Market Cap?

As of today, On Holding market cap is 11.24B.

What Is the On Holding (ONON) Share Price Target?

The average 12-month share price target for On Holding is 43.87, with a high estimate of 64.51901299 and a low estimate of 19.70437478. 26 analysts recommend buying, while 1 suggest selling, with an overall rating of Buy and +30.46% Upside potential.

What Is On Holding's Earnings Per Share (TTM)?

The On Holding EPS (TTM) is 1.61.

When Is the Next On Holding Earnings Date?

On Holding will release its next earnings report on 18-03-2027.

From a Technical Analysis Perspective, Is ONON a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Sell.

What Stock Exchange Does On Holding Trade On?

On Holding is listed and trades on the New York Stock Exchange.

What Is the Stock Symbol for On Holding?

The stock symbol for On Holding is "ONON."

How Many Times Has On Holding Stock Split?

On Holding has split 0 times.

How Many Employees Does On Holding Have?

On Holding has 3963 employees.

What Is the ONON Premarket Price?

ONON's last pre-market stock price is 33.25. The pre-market share volume is 4,430.00, and the stock has changed by 0.18, or 0.54%.

What Is the ONON After Hours Price?

ONON's last after hours stock price is 33.71, the stock has changed by 0.08, or 0.24%.
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