ONON
NEUTRAL
$35.61
Live
On Holding AG · NYSE
Target $56.52
(+58.7%)
$31.41
52W Range
$61.29
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated May 01, 2026
Market cap
$11.79B
P/E
46.25
ROE
13.5%
Profit margin
6.8%
Debt/Equity
0.32
Dividend yield
N/A
AI Analysis
AI-powered fundamental assessment
Confidence
85%
ONON exhibits a stable financial health profile with a Piotroski F-Score of 4/9, though it trades at a massive premium to its Graham Number ($10.39) and Intrinsic Value ($5.39). While the company maintains elite gross margins (62.83%) and strong top-line revenue growth (22.6%), recent earnings growth has turned sharply negative (-24%). The bearish insider sentiment and technical trend contrast sharply with bullish analyst targets, suggesting a high-volatility growth stock in a price-correction phase. The strong balance sheet provides a safety net, but the valuation remains speculative based on deterministic metrics.
Key Strengths
Exceptional gross margins (62.83%) indicating strong brand pricing power
Robust revenue growth (22.6% YoY) showing continued market expansion
Very low leverage with a Debt/Equity ratio of 0.32
Strong liquidity position with a Current Ratio of 2.71
Attractive PEG ratio (0.79) suggesting growth may justify a portion of the premium
Key Risks
Significant divergence between current price ($35.61) and deterministic fair values
Negative earnings growth (-24% YoY) despite increasing revenue
Bearish insider activity with consistent CEO selling
Technical trend is completely bearish (0/100)
High trailing P/E (46.25) makes the stock sensitive to any growth deceleration
AI Fair Value Estimate
Based on comprehensive analysis
$28.0
-21.4% below current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
41
Moderate
30
70
40
65
0
AI Verdict
Speculative Growth
Key drivers: Revenue Momentum, Margin Strength, Valuation Gap, Earnings Volatility
Confidence
80%
Value
30/100
Ref P/E, PEG, Graham Number
Positives
- PEG Ratio of 0.79
Watchpoints
- Price is 3.4x the Graham Number
- P/E of 46.25 is high relative to historical norms
Future
70/100
Ref Growth rates
Positives
- 22.6% Revenue Growth
- Strong analyst target price of $56.52
Watchpoints
- Negative Q/Q and YoY earnings growth
Past
40/100
Ref Historical trends
Positives
- Consistent revenue expansion
Watchpoints
- 1Y Price Change of -26%
- Erratic earnings surprise history
Health
65/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- Low Debt/Equity (0.32)
- High Current Ratio (2.71)
Watchpoints
- Piotroski F-Score of 4/9 (Stable but not Strong)
Dividend
0/100
Ref Yield, Payout
Positives
No standout positives identified.
Watchpoints
- No dividend payments
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$35.61
Analyst Target
$56.52
Upside/Downside
+58.7%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for ONON and closest competitors.
Updated 2026-04-30
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
ONON
On Holding AG
Primary
|
+1.7% | +9.8% | -26.0% | -4.3% | +4.7% | -1.7% |
|
GME
GameStop Corp.
Peer
|
-43.1% | +31.7% | -7.9% | +8.0% | +15.0% | +2.0% |
|
PAG
Penske Automotive Group, Inc.
Peer
|
+113.7% | +30.1% | +13.8% | +8.4% | +14.7% | +7.2% |
|
MOD
Modine Manufacturing Company
Peer
|
+1333.6% | +1005.1% | +185.3% | +50.3% | +15.4% | -7.8% |
|
CCK
Crown Holdings, Inc.
Peer
|
-2.5% | +20.9% | +12.8% | +3.1% | +2.0% | -3.2% |
ONO
On Holding AG
Primary
5Y
+1.7%
3Y
+9.8%
1Y
-26.0%
6M
-4.3%
1M
+4.7%
1W
-1.7%
GME
GameStop Corp.
Peer
5Y
-43.1%
3Y
+31.7%
1Y
-7.9%
6M
+8.0%
1M
+15.0%
1W
+2.0%
PAG
Penske Automotive Group, Inc.
Peer
5Y
+113.7%
3Y
+30.1%
1Y
+13.8%
6M
+8.4%
1M
+14.7%
1W
+7.2%
MOD
Modine Manufacturing Company
Peer
5Y
+1333.6%
3Y
+1005.1%
1Y
+185.3%
6M
+50.3%
1M
+15.4%
1W
-7.8%
CCK
Crown Holdings, Inc.
Peer
5Y
-2.5%
3Y
+20.9%
1Y
+12.8%
6M
+3.1%
1M
+2.0%
1W
-3.2%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
46.25
Forward P/E
17.53
PEG Ratio
0.79
P/B Ratio
5.71
P/S Ratio
3.91
EV/Revenue
3.73
EV/EBITDA
26.8
Market Cap
$11.79B
Profitability
Profit margins and return metrics
Profit Margin
6.76%
Operating Margin
11.04%
Gross Margin
62.83%
ROE
13.47%
ROA
9.03%
Growth
Revenue and earnings growth rates
Revenue Growth
+22.6%
Earnings Growth
-24.0%
Q/Q Revenue Growth
+22.62%
Q/Q Earnings Growth
-22.9%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.32
Low debt
Current Ratio
2.71
Strong
Quick Ratio
1.98
Excellent
Cash/Share
$3.19
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$0.7B
Gross Margin
63.9%
Op. Margin
11.1%
Net Margin
9.3%
Total Assets
$2.8B
Liabilities
$1.2B
Equity
$1.6B
Debt/Equity
0.74x
Operating CF
$0.1B
CapEx
$-0.0B
Free Cash Flow
$0.1B
FCF Yield
75%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-05-12
$N/A
2026-03-03
$0.25
+17.8% surprise
2025-11-12
$0.43
+60.0% surprise
2025-08-12
$-0.09
-142.7% surprise
Consumer Cyclical Sector Comparison
Comparing ONON against 443 companies in the Consumer Cyclical sector
(26 bullish, 160 neutral, 257 bearish)
P/E Ratio
46.25
This Stock
vs
31.75
Sector Avg
+45.6%
(Expensive)
Return on Equity (ROE)
13.47%
This Stock
vs
-48.71%
Sector Avg
-127.7%
(Below Avg)
Profit Margin
6.76%
This Stock
vs
-5.64%
Sector Avg
-219.8%
(Weaker)
Debt to Equity
0.32
This Stock
vs
1.62
Sector Avg
-80.2%
(Less Debt)
Revenue Growth
22.6%
This Stock
vs
25.87%
Sector Avg
-12.6%
(Slower)
Current Ratio
2.71
This Stock
vs
2.48
Sector Avg
+9.1%
(Better)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
ONON
On Holding AG
|
NEUTRAL | $11.79B | 46.25 | 13.5% | 6.8% | $35.61 | |
|
GME
GameStop Corp.
|
BEARISH | $11.39B | 33.0 | 8.1% | 11.5% | $25.41 | Compare |
|
PAG
Penske Automotive Group, Inc.
|
NEUTRAL | $11.28B | 12.23 | 17.1% | 2.9% | $171.52 | Compare |
|
MOD
Modine Manufacturing Company
|
NEUTRAL | $12.31B | 128.24 | 10.0% | 3.4% | $233.39 | Compare |
|
CCK
Crown Holdings, Inc.
|
NEUTRAL | $11.19B | 15.93 | 26.2% | 5.7% | $100.17 | Compare |
ONON
On Holding AG
NEUTRAL
Mkt Cap
$11.8B
P/E
46.2
ROE
13.5%
Price
$35.61
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-04-27 | HOFFMAN MARTIN | Chief Executive Officer | Sale | 4,150 | $148,753 |
| 2026-04-20 | HOFFMAN MARTIN | Chief Executive Officer | Sale | 4,150 | $151,730 |
| 2026-04-13 | HOFFMAN MARTIN | Chief Executive Officer | Sale | 4,150 | $140,911 |
| 2026-04-06 | HOFFMAN MARTIN | Chief Executive Officer | Sale | 4,150 | $139,377 |
| 2026-03-30 | HOFFMAN MARTIN | Chief Executive Officer | Sale | 4,150 | $134,075 |
| 2026-03-27 | HOFFMAN MARTIN | Chief Executive Officer | Option Exercise | 23,829 | $779,294 |
| 2026-03-24 | BANSE AMY L | Director | Stock Award | 1,689 | - |
| 2026-03-24 | DURKIN DENNIS M | Director | Stock Award | 2,008 | - |
| 2026-03-24 | MIELE LAURA KAREN | Director | Stock Award | 1,689 | - |
| 2026-03-24 | PEREZ ALEXANDRE MBA | Director | Stock Award | 2,008 | - |
| 2026-03-24 | HELMERSSON HELENA | Director | Stock Award | 1,689 | - |
| 2026-03-23 | HOFFMAN MARTIN | Chief Executive Officer | Sale | 4,150 | $165,129 |
| 2026-03-20 | HOFFMAN MARTIN | Chief Executive Officer | Option Exercise | 25,000 | $936,000 |
HOFFMAN MARTIN
Chief Executive Officer
2026-04-27
4,150 shares
·
$148,753
HOFFMAN MARTIN
Chief Executive Officer
2026-04-20
4,150 shares
·
$151,730
HOFFMAN MARTIN
Chief Executive Officer
2026-04-13
4,150 shares
·
$140,911
HOFFMAN MARTIN
Chief Executive Officer
2026-04-06
4,150 shares
·
$139,377
HOFFMAN MARTIN
Chief Executive Officer
2026-03-30
4,150 shares
·
$134,075
HOFFMAN MARTIN
Chief Executive Officer
2026-03-27
23,829 shares
·
$779,294
BANSE AMY L
Director
2026-03-24
1,689 shares
DURKIN DENNIS M
Director
2026-03-24
2,008 shares
MIELE LAURA KAREN
Director
2026-03-24
1,689 shares
PEREZ ALEXANDRE MBA
Director
2026-03-24
2,008 shares
HELMERSSON HELENA
Director
2026-03-24
1,689 shares
HOFFMAN MARTIN
Chief Executive Officer
2026-03-23
4,150 shares
·
$165,129
HOFFMAN MARTIN
Chief Executive Officer
2026-03-20
25,000 shares
·
$936,000
Insider transactions can signal confidence or concerns about company prospects
SEC Filings
Recent regulatory filings from the SEC EDGAR database
20-F
20-F
On Holding AG (ONON) has filed its 20-F annual report for the fiscal year ending December 31, 2024. The filing provides a comprehensive update on the company's full-year financial performance and details the operational and market risks associated with its global business.
Data sourced from SEC EDGAR. AI summaries generated automatically.
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
26 analysts
Telsey Advisory Group
2026-03-25
Outperform
Outperform
Truist Securities
2026-03-04
Buy
Buy
Barclays
2026-03-04
Overweight
Overweight
Guggenheim
2026-03-04
Buy
Buy
Telsey Advisory Group
2026-03-04
Outperform
Outperform
BTIG
2026-03-04
Buy
Buy
Needham
2026-03-03
Buy
Buy
Telsey Advisory Group
2026-03-03
Outperform
Outperform
Telsey Advisory Group
2026-02-24
Outperform
Outperform
BTIG
2026-01-29
Buy
Buy
Past News Coverage
Recent headlines mentioning ONON from our newsroom.
Newest → oldest
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