Fiscal Year: January - December
On Holding AG (ONON), listed on the NYSE, has a market capitalization of $11.66B. As of May 09, 2026, the stock is trading at $35.24 per share@else an unavailable price , offering investors a clear view of its current market value. On Holding AG is a prominent player in the industry sector, attracting both institutional and retail investors due to its performance and potential.
With a P/E ratio of 45.8, investors can assess the stock's valuation in comparison to its earnings. A P/E ratio is a crucial indicator for value investors, showing whether the stock is over or undervalued relative to its current earnings. On Holding AG also offers a dividend yield of N/A , making it an attractive option for income-focused investors who seek regular dividends.
Our Discounted Cash Flow (DCF) analysis reveals that On Holding AG (ONON) may be overvalued compared to its intrinsic worth. However, to see the exact DCF fair value, please Login or Upgrade for access.
The proprietary SS Score for On Holding AG is a unique metric that analyzes the company's financial health and growth potential. The score takes into account critical factors such as revenue growth, net income, free cash flow (FCF) compound annual growth rate (CAGR), the trend of shares outstanding, and the debt-to-FCF ratio. This helps investors to make a more informed decision, as an undervalued stock might still have poor financial fundamentals.
To view the detailed SS Score for On Holding AG, Login or Upgrade for access.
The Price to Free Cash Flow (P/FCF) ratio for On Holding AG is 31.62, offering insights into how much investors are paying for the company's free cash flow. A lower P/FCF ratio typically suggests that the stock is undervalued, while a higher ratio may indicate overvaluation.
In summary, On Holding AG (ONON) has shown consistent financial performance, as illustrated by the financial charts above, which track its revenue growth, net income, free cash flow, and shares outstanding over the past several years. These metrics provide investors with key insights into the company's past and projected future performance. Investors should use the SS Score alongside the DCF Fair Value to make better-informed decisions about whether to buy or hold the stock.
*This analysis is for informational purposes only and does not constitute investment advice. Always read the company's 10-K filings and do your own research before making any investment decisions.
Whether On Holding AG (ONON) is a good stock to buy depends on various factors, including its financial health, market conditions, and your investment strategy. Our analysis indicates that the stock may be overvalued compared to its intrinsic value. However, it is important to assess the SS Score and review the company's fundamentals before making any investment decisions.
The fair value of On Holding AG (ONON) is determined through our Discounted Cash Flow (DCF) analysis. This value represents the intrinsic worth of the stock based on its expected future cash flows. To view the specific fair value, consider subscribing to our service for complete access.
The SS Score is a proprietary financial quality metric that assesses factors such as revenue growth, net income, free cash flow growth, and debt levels. It helps investors evaluate the overall financial health of On Holding AG. To access the full SS Score, consider upgrading your subscription.
On Holding AG is a significant player in the industry sector, with a market capitalization of $11.66B and a competitive P/E ratio of 45.8. Investors should compare these metrics with industry peers to gauge whether On Holding AG is outperforming or underperforming within its sector.
ZURICH, Switzerland--(BUSINESS WIRE)--On to Release First Quarter 2026 Results on Tuesday, May 12, 2026.
Raymond James upgraded On Holding (ONON) to Strong Buy from Outperform with a $52 price target The firm is upgrading the shares following recent weakness, and tells investors in a
Regulations 33(c)-(d) of the Securities Regulations (Periodic and Immediate Reports), 1970 CAESAREA, Israel, April 20, 2026 /PRNewswire/ -- Max Stock Limited (TASE: MAXO) (the "Company") today announc...
HSBC lowered the firm’s price target on On Holding (ONON) to $47 from $65 and keeps a Buy rating on the shares. The firm says a challenging macro backdrop, higher
LOS ANGELES--(BUSINESS WIRE)---- $ONON--ONON Investors Have Opportunity to Join On Holding AG Fraud Investigation with the Schall Law Firm.
Bullish option flow detected in On Holding (ONON) AG with 5,273 calls trading, 1.8x expected, and implied vol increasing almost 2 points to 53.00%. Apr-26 35 calls and Sep-26 30
Evercore ISI analyst Michael Binetti lowered the firm’s price target on On Holding (ONON) to $45 from $58 and keeps an Outperform rating on the shares. On’s CEO exit “injects
SAN DIEGO, March 26, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of On Holding AG (NYSE: ONON). The investigation focuses on On's executive o...
Telsey Advisory analyst Cristina Fernandez lowered the firm’s price target on On Holding (ONON) to $60 from $65 and keeps an Outperform rating on the shares. While the CEO leadership
Shares of ON Holding ($ONON) traded 10% lower on Wednesday after the company announced that CEO Martin Hoffmann will step down. This marks a major leadership shake-up for the fast-growing
Telsey Advisory analyst Cristina Fernandez lowered the firm’s price target on On Holding (ONON) to $60 from $65 and keeps an Outperform rating on the shares.
Swiss sneaker maker On Holding (ONON) announced its longtime chief executive would be stepping down. Investors didn't care for the news.
BTIG reiterated a Buy rating and $70 price target on On Holding (ONON) after thee company announced the appointment of co-founders David Allemann and Caspar Coppetti as co-CEOs, while current
On Holding appointed co-founders David Allemann and Caspar Coppetti as co-CEOs of the Swiss sneaker maker. They are replacing Martin Hoffmann, who served as CEO for the past five years and will stay o...
08:03 EDT On Holding (ONON) down 5% in pre-market at $37.60 after CEO resignation
On Holding (ONON) announced an update to its organizational structure. Co-founders David Allemann and Caspar Coppetti will serve as co-CEOs. Scott Maguire is promoted to president and COO. Following a
ZURICH, Switzerland--(BUSINESS WIRE)--On Co-Founders to Lead Next Chapter of Growth as Co-CEOs.
Conflict in the Middle East has disrupted shipping lanes and caused oil prices to spike, raising the risk of ripple effects that hit stock portfolios halfway around the world.
Truist lowered the firm’s price target on On Holding (ONON) to $55 from $65 and keeps a Buy rating on the shares. The stock fell after Q4 results as the
Guggenheim lowered the firm’s price target on On Holding (ONON) to $51 from $59 and keeps a Buy rating on the shares. A top- and bottom-line beat in Q4 was
BofA lowered the firm’s price target on On Holding (ONON) to $55 from $63 and keeps a Buy rating on the shares. The firm sees a “consistent and successful strategy
Barclays lowered the firm’s price target on On Holding (ONON) to $57 from $60 and keeps an Overweight rating on the shares post the Q4 report. The firm says the
Goldman Sachs analyst Richard Edwards lowered the firm’s price target on On Holding (ONON) to $56 from $58.50 and keeps a Buy rating on the shares. The company’s Q4 results
MongoDB (MDB) quickly reversed a months-long rally overnight, selling off 30% after disappointing guidance overshadowed an earnings beat. Diane King Hall takes investors through the report in the mids...
Below estimates were sourced from SimplyWallSt and are intended for educational purposes only as a baseline for the analysis.
| Year | FCF Estimate | % | # Analysts |
|---|---|---|---|
| 2025 | 435.00M | -3.35% | Est @-3.4% |
| 2026 | 419.90M | -3.47% | Analyst x2 |
| 2027 | 523.80M | 24.74% | Analyst x2 |
| 2028 | 568.00M | 8.44% | Analyst x1 |
| 2029 | 596.49M | 5.02% | Est @5.0% |
| 2030 | 620.87M | 4.09% | Est @4.1% |
| 2031 | 643.60M | 3.66% | Est @3.7% |
| 2032 | 665.17M | 3.35% | Est @3.4% |
| 2033 | 686.08M | 3.14% | Est @3.1% |
| 2034 | 705.29M | 2.80% | Est @2.8% |
Below are the FCF estimates with the discount factor and the calculated present value with the terminal value that led the results above.
| Year | FCF | Discount Factor | PV of Future FCF |
|---|---|---|---|
| 2023A | 189.30M | 1.00 | 189.30M |
| 2024A | 450.10M | 1.00 | 450.10M |
| 2025E | 435.00M | 1.11 | 392.87M |
| 2026E | 419.90M | 1.23 | 342.50M |
| 2027E | 523.80M | 1.36 | 385.87M |
| 2028E | 568.00M | 1.50 | 377.90M |
| 2029E | 596.49M | 1.66 | 358.42M |
| 2030E | 620.87M | 1.84 | 336.94M |
| 2031E | 643.60M | 2.04 | 315.44M |
| 2032E | 665.17M | 2.26 | 294.44M |
| 2033E | 686.08M | 2.50 | 274.28M |
| 2034E | 705.29M | 2.77 | 254.65M |
| Terminal | 8.79B | 2.77 | 3.17B |
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