On Holding AG (ONON) Stock Insights
ONON$32.24+0.07 +0.23%
$10.62B
Market Cap
22.90
P/E
22.44
Forward P/E
71
Score
On Holding AG (ONON) Stock Insights
ONON price $32.24 +0.07 +0.23%
- Ticker
- ONON
- Price
- $32.24
- Change
- +0.07 +0.23%
- Market cap ?
- $10.62B
- P/E ?
- 22.90
- Forward P/E ?
- 22.44
- Dividend yield ?
- 0.00%
- Sector
- Consumer Cyclical
- Industry
- Apparel - Footwear & Accessories
- Stocklytics score
- 71
- Value
- 62
- Quality
- 73
- Growth
- 79
Stocklytics score rationale: value 62, quality 73, growth 79.
Financials
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 267120000 | 425300000 | 724600000 | 1222100000 | 1792100000 | 2318300000 | 3014000000 |
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…
Fair value
ONON fair value $40.17. Price $32.24. Price is 20% below fair value.
Below fair value, and cheaper than usual. A larger discount than on 91% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 294.56M. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 12.00% (beta 2.0). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 329.37M. Net debt -439.40M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-11 | — | 0.46 | — | 1.11B |
| 2026-08-11 | 0.44 | 0.42 | 1.05B | 1.08B |
| 2026-05-12 | 0.47 | 0.34 | 1.04B | 1.03B |
| 2026-03-03 | 0.31 | 0.26 | 938.23M | 916.12M |
| 2025-11-12 | 0.50 | 0.33 | 998.59M | 957.03M |
| 2025-08-12 | -0.11 | 0.24 | 942.89M | 885.91M |
| 2025-05-13 | 0.23 | 0.23 | 853.21M | 768.90M |
| 2025-03-04 | 0.38 | 0.20 | 667.92M | 653.67M |
| 2024-11-12 | 0.17 | 0.23 | 740.76M | 729.50M |
| 2024-08-13 | 0.16 | 0.17 | 633.59M | 624.64M |
| 2024-05-14 | 0.36 | 0.14 | 561.21M | 551.36M |
| 2024-03-12 | -0.06 | 0.11 | 522.52M | 516.51M |
| 2023-11-14 | 0.22 | 0.16 | 523.90M | 499.04M |
| 2023-08-15 | 0.04 | 0.13 | 495.34M | 466.88M |
| 2023-05-16 | 0.16 | 0.09 | 458.56M | 417.54M |
| 2023-03-21 | 0.02 | 0.02 | 396.66M | 296.64M |
| 2022-11-16 | 0.07 | 0.12 | 332.11M | 313.94M |
| 2022-08-16 | 0.15 | 0.01 | 305.03M | 250.77M |
| 2022-05-17 | 0.05 | -0.13 | 254.60M | 182.61M |
| 2022-03-18 | -0.66 | — | 208.98M | — |
| 2021-11-16 | 0.07 | 0.04 | 234.18M | — |
| 2021-06-30 | 0.05 | — | 189.51M | — |
| 2021-03-31 | -0.04 | — | 149.05M | — |
| 2020-12-31 | -0.01 | — | 140.59M | — |
| 2020-09-30 | 0.03 | — | 141.45M | — |
| 2020-06-30 | -0.07 | — | 90.38M | — |
| 2020-03-31 | -0.07 | — | 87.89M | — |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-24 | Durkin Dennis M | Sell | 723 | $30.16 | 21.81K |
| 2026-09-24 | Helmersson Helena | Sell | 633 | $30.16 | 19.09K |
| 2026-09-24 | Miele Laura | Sell | 609 | $30.16 | 18.37K |
| 2026-09-21 | Miele Laura | Buy | 2.43K | — | — |
| 2026-09-21 | Durkin Dennis M | Buy | 2.89K | — | — |
| 2026-09-21 | Banse Amy | Buy | 2.43K | — | — |
| 2026-09-21 | Perez Alexandre | Buy | 2.89K | — | — |
| 2026-09-21 | Helmersson Helena | Buy | 2.43K | — | — |
| 2026-09-08 | Maguire Scott Andrew | Sell | 1.48K | $27.74 | 40.92K |
| 2026-09-08 | Sluis Frank | Sell | 687 | $27.74 | 19.06K |
| 2026-09-05 | Maguire Scott Andrew | Sell | 1.70K | — | — |
| 2026-09-05 | Maguire Scott Andrew | Sell | 1.55K | — | — |
| 2026-09-05 | Maguire Scott Andrew | Buy | 3.77K | — | — |
| 2026-09-05 | Maguire Scott Andrew | Sell | 521 | — | — |
| 2026-09-05 | Sluis Frank | Sell | 1.68K | — | — |
| 2026-09-05 | Sluis Frank | Buy | 1.68K | — | — |
| 2026-08-14 | Bernhard Olivier | Buy | 65.00K | $30.67 | 1.99M |
| 2026-08-14 | Coppetti Caspar Felix | Buy | 65.00K | $30.67 | 1.99M |
| 2026-06-25 | Helmersson Helena | Sell | 452 | $36.92 | 16.69K |
| 2026-06-25 | Miele Laura | Sell | 434 | $36.92 | 16.02K |
| 2026-06-22 | Sluis Frank | Buy | 20.22K | — | — |
| 2026-06-22 | Miele Laura | Buy | 1.74K | — | — |
| 2026-06-22 | Helmersson Helena | Buy | 1.74K | — | — |
| 2026-06-22 | Perez Alexandre | Buy | 2.06K | — | — |
| 2026-06-22 | Durkin Dennis M | Buy | 2.06K | — | — |
| 2026-06-22 | Banse Amy | Buy | 1.74K | — | — |
| 2026-06-08 | Maguire Scott Andrew | Sell | 1.53K | $36.08 | 55.35K |
| 2026-06-05 | Maguire Scott Andrew | Sell | 1.70K | — | — |
| 2026-06-05 | Maguire Scott Andrew | Sell | 1.55K | — | — |
| 2026-06-05 | Maguire Scott Andrew | Buy | 3.77K | — | — |
| 2026-06-05 | Maguire Scott Andrew | Sell | 521 | — | — |
| 2026-05-14 | Bernhard Olivier | Buy | 50.86K | $36.75 | 1.87M |
| 2026-05-14 | Bernhard Olivier | Buy | 9.14K | $35.97 | 328.94K |
| 2026-05-14 | Coppetti Caspar Felix | Buy | 50.85K | $36.75 | 1.87M |
| 2026-05-14 | Coppetti Caspar Felix | Buy | 9.15K | $35.97 | 329.05K |
| 2026-05-14 | Allemann David Michael | Buy | 50.86K | $36.75 | 1.87M |
| 2026-05-14 | Allemann David Michael | Buy | 9.14K | $35.97 | 328.94K |
| 2026-05-01 | Maguire Scott Andrew | Other | 0 | — | — |
| 2026-05-01 | Maguire Scott Andrew | Other | 6.26K | — | — |
| 2026-05-01 | Sluis Frank | Other | 0 | — | — |
| 2026-04-27 | Hoffmann Martin | Sell | 4.15K | $35.84 | 148.75K |
| 2026-04-20 | Hoffmann Martin | Sell | 4.15K | $36.56 | 151.73K |
| 2026-04-13 | Hoffmann Martin | Sell | 4.15K | $33.95 | 140.91K |
| 2026-04-06 | Hoffmann Martin | Sell | 4.15K | $33.58 | 139.38K |
| 2026-03-30 | Hoffmann Martin | Sell | 4.15K | $32.31 | 134.07K |
| 2026-03-27 | Hoffmann Martin | Buy | 12.50K | $32.73 | 409.06K |
| 2026-03-27 | Hoffmann Martin | Buy | 11.33K | $32.68 | 370.23K |
| 2026-03-27 | Hoffmann Martin | Sell | 12.50K | $7.73 | 96.62K |
| 2026-03-27 | Hoffmann Martin | Sell | 11.33K | $7.73 | 87.57K |
| 2026-03-26 | Helmersson Helena | Sell | 440 | $35.16 | 15.47K |
| 2026-03-26 | Miele Laura | Sell | 423 | $35.16 | 14.87K |
| 2026-03-24 | Helmersson Helena | Buy | 1.69K | — | — |
| 2026-03-24 | Miele Laura | Buy | 1.69K | — | — |
| 2026-03-24 | Banse Amy | Buy | 1.69K | — | — |
| 2026-03-24 | Durkin Dennis M | Buy | 2.01K | — | — |
| 2026-03-24 | Perez Alexandre | Buy | 2.01K | — | — |
| 2026-03-24 | Hoffmann Martin | Buy | 211.05K | $7.73 | 1.63M |
| 2026-03-24 | Hoffmann Martin | Buy | 105.20K | $7.73 | 813.17K |
| 2026-03-24 | Hoffmann Martin | Sell | 2.11M | $0.77 | 1.63M |
| 2026-03-23 | Hoffmann Martin | Sell | 4.15K | $39.79 | 165.13K |
| 2026-03-20 | Hoffmann Martin | Buy | 25.00K | $37.44 | 936.00K |
| 2026-03-20 | Hoffmann Martin | Sell | 25.00K | $7.73 | 193.25K |
| 2026-03-18 | Allemann David Michael | Other | 0 | — | — |
| 2026-03-18 | Allemann David Michael | Other | 10.00M | — | — |
| 2026-03-18 | Bernhard Olivier | Other | 0 | — | — |
| 2026-03-18 | Bernhard Olivier | Other | 11.56M | — | — |
| 2026-03-18 | Hoffmann Martin | Other | 0 | — | — |
| 2026-03-18 | Hoffmann Martin | Other | 1.62M | — | — |
| 2026-03-18 | Hoffmann Martin | Other | 122.54K | — | — |
| 2026-03-18 | Coppetti Caspar Felix | Other | 0 | — | — |
| 2026-03-18 | Coppetti Caspar Felix | Other | 10.94M | — | — |
| 2026-03-18 | Durkin Dennis M | Other | 0 | — | — |
| 2026-03-18 | Miele Laura | Other | 0 | — | — |
| 2026-03-18 | Helmersson Helena | Other | 0 | — | — |
| 2026-03-18 | Perez Alexandre | Other | 0 | — | — |
| 2026-03-18 | Banse Amy | Other | 0 | — | — |
| 2022-12-06 | Allemann David Michael | Other | 1.05M | $0.77 | 813.17K |
| 2022-12-06 | Hoffmann Martin | Other | 211.05K | $7.73 | 1.63M |
| 2021-11-29 | Hoffmann Martin | Other | 2.11M | $0.77 | 1.63M |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 548, holders -1 vs prior quarter. Ownership 62.81%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| MORGAN STANLEY | 20.45M | -2.02M | -8.99% | 724.24M |
| BAMCO INC /NY/ | 16.93M | 7.22M | +74.27% | 599.65M |
| FMR LLC | 16.04M | -8.04M | -33.39% | 568.11M |
| LONE PINE CAPITAL LLC | 13.28M | 13.28M | New | 470.38M |
| PLATINUM PARAMOUNT INVESTMENT LTD. | 11.31M | 0 | 0.00% | 400.67M |
| SINVEST INVESTMENTS II LTD. | 8.40M | 0 | 0.00% | 297.53M |
| SANDS CAPITAL MANAGEMENT, LLC | 7.49M | 1.16M | +18.33% | 265.12M |
| CITADEL ADVISORS LLC | 7.10M | 6.38M | +891.78% | 251.49M |
| BLACKROCK, INC. | 5.54M | -227.34K | -3.94% | 196.08M |
| JANE STREET GROUP, LLC | 5.24M | 4.21M | +407.76% | 185.71M |
| UBS GROUP AG | 5.03M | 4.03M | +399.82% | 178.31M |
| MARSHALL WACE, LLP | 3.49M | 2.23M | +176.33% | 123.71M |
| GOLDMAN SACHS GROUP INC | 3.38M | 783.19K | +30.18% | 119.65M |
| AMERIPRISE FINANCIAL INC | 3.21M | 613.00K | +23.57% | 113.00M |
| NORGES BANK | 3.18M | 3.18M | New | 112.75M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3.09M | 2.02M | +188.89% | 109.61M |
| ILEX CAPITAL PARTNERS (UK) LLP | 3.03M | -3.56M | -54.02% | 107.26M |
| WELLINGTON MANAGEMENT GROUP LLP | 2.75M | 62.40K | +2.32% | 97.46M |
| STATE STREET CORP | 2.45M | -82.83K | -3.28% | 86.63M |
| PERTENTO PARTNERS LLP | 2.23M | 1.92M | +614.13% | 78.93M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2.16M | 1.09M | +101.34% | 76.39M |
| CLEARBRIDGE INVESTMENTS, LLC | 2.10M | 127.65K | +6.48% | 74.26M |
| MILLENNIUM MANAGEMENT LLC | 2.05M | 360.68K | +21.39% | 72.51M |
| FREESTONE GROVE PARTNERS LP | 2.02M | 2.02M | New | 71.67M |
| JANE STREET GROUP, LLC | 1.93M | 894.20K | +86.60% | 68.25M |
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