Fiscal Year: January - December
On Holding AG (ONON), listed on the NYSE, has a market capitalization of $11.81B. As of Oct 13, 2026, the stock is trading at $35.35 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 24.13, 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) has a DCF fair value that is only shown to premium members. To see it, 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 22.47, 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. 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 $11.81B and a competitive P/E ratio of 24.13. Investors should compare these metrics with industry peers to gauge whether On Holding AG is outperforming or underperforming within its sector.
JPMorgan raised the firm’s price target on On Holding (ONON) to $44 from $41 and keeps an Overweight rating on the shares.
Premium athletic brand On Holding ($ONON) has rallied by 12% over four sessions after setting ambitious 2029 targets. Nevertheless, Jefferies still sees major downside. Indeed, analyst Randal Konik ke...
BMO Capital raised the firm’s price target on On Holding (ONON) to $33 from $28 and keeps a Market Perform rating on the shares after the company laid out its…
Barclays analyst Adrienne Yih raised the firm’s price target on On Holding (ONON) to $44 from $42 and keeps an Overweight rating on the shares following the investor day. The…
Needham raised the firm’s price target on On Holding (ONON) to $40 from $37 and keeps a Buy rating on the shares. Amid a challenging athleticwear environment, On provided a…
On Holding stock ONON rose 8% on Tuesday after the Swiss sportswear company authorised its first share buyback, worth up to $1 billion through the end of 2029, and unveiled long-term financial targets...
Shares of On Holding (ONON) are up $1.82 or about 7% in pre-market after the company issued above consensus outlook for its Q3 and 2026 as part of its Investor…
On Holding (ONON) has received authorization from its Board of Directors in September, 2026 to repurchase up to an aggregate of $1B of its Class A Ordinary shares through the…
Real Madrid and France striker Kylian Mbappé has ended his 20-year partnership with Nike to become the face of Swiss sportswear brand On's push into football. The company announced that it will work w...
On Holding has authorised a share repurchase programme of up to $1 billion through the end of 2029, the Swiss sportswear brand said on Tuesday, as it announced long-term financial targets, betting o...
On Holding made a splashy entry into soccer on Friday by signing French star Kylian Mbappe, a move that raised the Swiss running shoe brand's profile as it pushes into the sport.
French soccer star Kylian Mbappé has ended his long-term partnership with Nike to join Swiss sportswear giant On.
French soccer star Kylian Mbappe is leaving Nike (NKE) for Swiss sportswear company On (ONON), CNBC’s Jessica Golden reports. According to a source familiar with the matter, Nike chose not…
Shares of Swiss sportswear company On Holding ($ONON) are up in today’s trading after signing football (soccer) star Kylian Mbappé, according to MT Newswires. The Real Madrid forward is leaving…
On this episode of Stock Movers: - On Holding (ONON) is higher after it signed Kylian Mbappé as a partner in developing football products and representing the brand. The move marks On mounting a bold ...
French soccer superstar Kylian Mbappé is leaving Nike to sign with Swiss sneaker company On. The 27-year-old striker is the World Cup's all-time goal leader.
On Holding stock has struggled mightily this year. The company scored a win Friday—though it's yet to revive the shares.
On Holding stock rises while Nike stock declines as Kylian Mbappé joins the Swiss footwear and sports apparel company.
French soccer star Kylian Mbappe has ended a two-decade partnership with Nike to join fast-growing Swiss sportswear brand On, giving the Roger Federer-backed company a marquee name for its push into s...
Good morning. Sportswear company On Holding has a long-standing practice of avoiding discounts for its shoes and apparel, which are popular with fashionable consumers (including my wife) and athletes ...
The premium sportswear company's long-held stance of no discounts is up against a more promotional retail environment.
The Swiss maker of On sneakers says it is so committed to building higher-margin, direct-to-consumer sales that it intentionally limited some wholesale shipments during its latest quarter.
Projected from reported cash flow (SEC filings). The starting point is the latest yearly revenue times the median free cash flow margin of the last five years. Years 1 to 5 grow at the revenue growth rate of the last five years (between -5% and 15%), and years 6 to 10 slow down to the 2.5% perpetual growth rate. These are Studying Stocks' own estimates, not analyst forecasts, and are intended for educational purposes only as a baseline for the analysis.
| Year | FCF Estimate | % | Source |
|---|---|---|---|
| 2026 | 329.59M | 15.00% | Projected |
| 2027 | 379.03M | 15.00% | Projected |
| 2028 | 435.88M | 15.00% | Projected |
| 2029 | 501.27M | 15.00% | Projected |
| 2030 | 576.45M | 15.00% | Projected |
| 2031 | 648.51M | 12.50% | Projected |
| 2032 | 713.36M | 10.00% | Projected |
| 2033 | 766.87M | 7.50% | Projected |
| 2034 | 805.21M | 5.00% | Projected |
| 2035 | 825.34M | 2.50% | Projected |
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 |
|---|---|---|---|
| 2024A | 450.10M | 1.00 | 450.10M |
| 2025A | 286.60M | 1.00 | 286.60M |
| 2026E | 329.59M | 1.11 | Login |
| 2027E | 379.03M | 1.23 | Login |
| 2028E | 435.88M | 1.36 | Login |
| 2029E | 501.27M | 1.50 | Login |
| 2030E | 576.45M | 1.66 | Login |
| 2031E | 648.51M | 1.84 | Login |
| 2032E | 713.36M | 2.04 | Login |
| 2033E | 766.87M | 2.25 | Login |
| 2034E | 805.21M | 2.50 | Login |
| 2035E | 825.34M | 2.76 | Login |
| Terminal | 2.76 | Login |
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