View ValuationOn Holding 将来の成長Future 基準チェック /56On Holding利益と収益がそれぞれ年間23%と15.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に22.5% 23.1%なると予測されています。主要情報23.0%収益成長率23.07%EPS成長率Luxury 収益成長13.1%収益成長率15.4%将来の株主資本利益率22.49%アナリストカバレッジGood最終更新日15 May 2026今後の成長に関する最新情報お知らせ • May 12On Holding AG Provides Earnings Guidance for the Year 2026On Holding AG provided earnings guidance for the year 2026. For the year, the company expects net sales to grow by at least 23% year-over-year on a constant currency basis. At current spot rates, this implies reported net sales of at least CHF 3.51 billion.お知らせ • Mar 03on Holding Ag Provides Revenue Guidance for 2026On Holding AG provides revenue guidance for 2026. For the period, the company expects net sales to grow by at least 23% year-over-year on a constant currency basis.すべての更新を表示Recent updatesRecent Insider Transactions • May 17Co-Founder recently bought €1.9m worth of stockOn the 14th of May, Caspar Coppetti bought around 60k shares on-market at roughly €31.39 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Caspar's only on-market trade for the last 12 months.Reported Earnings • May 13First quarter 2026 earnings released: EPS: CHF0.31 (vs CHF0.17 in 1Q 2025)First quarter 2026 results: EPS: CHF0.31 (up from CHF0.17 in 1Q 2025). Revenue: CHF831.9m (up 14% from 1Q 2025). Net income: CHF103.3m (up 82% from 1Q 2025). Profit margin: 12% (up from 7.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Luxury industry in Italy.お知らせ • May 12On Holding AG Provides Earnings Guidance for the Year 2026On Holding AG provided earnings guidance for the year 2026. For the year, the company expects net sales to grow by at least 23% year-over-year on a constant currency basis. At current spot rates, this implies reported net sales of at least CHF 3.51 billion.Buy Or Sell Opportunity • May 06Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to €29.91. The fair value is estimated to be €38.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.お知らせ • Apr 29On Holding AG to Report Q1, 2026 Results on May 12, 2026On Holding AG announced that they will report Q1, 2026 results Pre-Market on May 12, 2026お知らせ • Apr 21On Holding AG, Annual General Meeting, May 28, 2026On Holding AG, Annual General Meeting, May 28, 2026.Buy Or Sell Opportunity • Mar 27Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to €28.90. The fair value is estimated to be €37.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 25% per annum over the same time period.お知らせ • Mar 25+ 2 more updatesOn Holding AG Announces CEO Changes, Effective May 1, 2026On Holding AG announced an update to its organizational structure as the company prepares to enter its next growth phase. Designed to even more closely connect founder-led strategic intent with execution, the updated model ensures On remains agile and decisive while continuing to scale. To drive the next phase of global expansion, co-founders David Allemann and Caspar Coppetti will serve as Co-CEOs. Following a successful 13-year tenure at On, Martin Hoffmann has chosen to step down as CEO. Effective May 1, 2026, David Allemann and Caspar Coppetti will assume the roles of Co-CEOs, while continuing as Executive Co-Chairmen of the Board. This facilitates their operational roles and brings the founders’ long-term stewardship into direct alignment with execution responsibility. Co-founder Olivier Bernhard will continue spearheading key performance product initiatives and athlete engagement as an Executive Member of the Board. With the strategic roadmap for continued growth in place, the four partners collectively recognize that this is the right moment for Martin Hoffmann to step down. Following a transformative 13-year tenure as CFO and five years as CEO, during which On evolved from a Swiss startup into a multi-billion dollar global leader, Martin has decided to take a planned hiatus and pursue philanthropic interests. In seamless partnership with the co-founders, Martin engineered the financial framework and strategic discipline and served as the essential link between On’s founder-led vision and the operational scale that transformed the company to the force it is today. He will step down from his roles effective May 1, 2026, will then ensure a smooth onboarding and transition to Frank Sluis, who joins as new CFO on May 1, 2026. Martin will then remain an advisor through March 2027.Reported Earnings • Mar 04Full year 2025 earnings released: EPS: CHF0.62 (vs CHF0.75 in FY 2024)Full year 2025 results: EPS: CHF0.62 (down from CHF0.75 in FY 2024). Revenue: CHF3.01b (up 30% from FY 2024). Net income: CHF203.7m (down 16% from FY 2024). Profit margin: 6.8% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Italy.お知らせ • Mar 03on Holding Ag Provides Revenue Guidance for 2026On Holding AG provides revenue guidance for 2026. For the period, the company expects net sales to grow by at least 23% year-over-year on a constant currency basis.お知らせ • Feb 11On Holding AG to Report Q4, 2025 Results on Mar 03, 2026On Holding AG announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Mar 03, 2026お知らせ • Jan 28On Holding Ag Announces CFO ChangesOn Holding AG announced that Frank Sluis will join the company as Chief Financial Officer (CFO), effective May 1, 2026. Frank Sluis has more than 25 years of experience at leading consumer businesses, including finance leadership positions at Ahold Delhaize, Reckitt Benckiser, and Unilever. Most recently, Frank served as Chief Financial Officer for Europe & Indonesia at Ahold Delhaize, a position he held since 2021. In this role, he managed the financial operations for well over EUR 30 billion in annual net sales and led a large-scale international finance, procurement, and sourcing organization of approximately 800 professionals. Frank was born and raised in the Netherlands and over the course of his professional career has spent significant time internationally, including in the United States. Frank succeeds Martin Hoffmann, who took on an expanded role as sole Chief Executive Officer (CEO) last year, while continuing his CFO responsibilities. Martin will continue to oversee the Finance organization until Frank’s start date to ensure a seamless handover.Buy Or Sell Opportunity • Jan 20Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €39.00. The fair value is estimated to be €48.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €44.40, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 12x in the Luxury industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €50.37 per share.Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €41.10, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 11x in the Luxury industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €46.94 per share.Buy Or Sell Opportunity • Nov 27Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €40.00. The fair value is estimated to be €50.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 31% per annum over the same time period.業績と収益の成長予測BIT:1ONON - アナリストの将来予測と過去の財務データ ( )CHF Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20285,2076276358211112/31/20274,2684915476602612/31/20263,549391452499253/31/20263,119250316401N/A12/31/20253,014204281360N/A9/30/20252,877224345415N/A6/30/20252,718136348416N/A3/31/20252,537208350418N/A12/31/20242,318242446511N/A9/30/20242,159126400463N/A6/30/20242,004154360412N/A3/31/20241,880127267314N/A12/31/20231,79280185232N/A9/30/20231,71280-2241N/A6/30/20231,55942-175-99N/A3/31/20231,40788-241-164N/A12/31/20221,22258-310-227N/A9/30/20221,046-103-197-132N/A6/30/2022936-110-192-138N/A3/31/2022820-145-76-29N/A12/31/2021725-170-1917N/A9/30/202165814-39-12N/A6/30/20215709-417N/A3/31/2021480-21-52-31N/A12/31/2020425-27-33-15N/A12/31/2019267-1N/A-5N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 1ONONの予測収益成長率 (年間23% ) は 貯蓄率 ( 3.3% ) を上回っています。収益対市場: 1ONONの収益 ( 23% ) はItalian市場 ( 11% ) よりも速いペースで成長すると予測されています。高成長収益: 1ONONの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 1ONONの収益 ( 15.4% ) Italian市場 ( 5.7% ) よりも速いペースで成長すると予測されています。高い収益成長: 1ONONの収益 ( 15.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 1ONONの 自己資本利益率 は、3年後には高くなると予測されています ( 22.5 %)成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 03:36終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋On Holding AG 26 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。34 アナリスト機関Jonathan KompBairdAdrienne Yih-TennantBarclaysJohn StanselBerenberg31 その他のアナリストを表示
お知らせ • May 12On Holding AG Provides Earnings Guidance for the Year 2026On Holding AG provided earnings guidance for the year 2026. For the year, the company expects net sales to grow by at least 23% year-over-year on a constant currency basis. At current spot rates, this implies reported net sales of at least CHF 3.51 billion.
お知らせ • Mar 03on Holding Ag Provides Revenue Guidance for 2026On Holding AG provides revenue guidance for 2026. For the period, the company expects net sales to grow by at least 23% year-over-year on a constant currency basis.
Recent Insider Transactions • May 17Co-Founder recently bought €1.9m worth of stockOn the 14th of May, Caspar Coppetti bought around 60k shares on-market at roughly €31.39 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Caspar's only on-market trade for the last 12 months.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: CHF0.31 (vs CHF0.17 in 1Q 2025)First quarter 2026 results: EPS: CHF0.31 (up from CHF0.17 in 1Q 2025). Revenue: CHF831.9m (up 14% from 1Q 2025). Net income: CHF103.3m (up 82% from 1Q 2025). Profit margin: 12% (up from 7.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Luxury industry in Italy.
お知らせ • May 12On Holding AG Provides Earnings Guidance for the Year 2026On Holding AG provided earnings guidance for the year 2026. For the year, the company expects net sales to grow by at least 23% year-over-year on a constant currency basis. At current spot rates, this implies reported net sales of at least CHF 3.51 billion.
Buy Or Sell Opportunity • May 06Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to €29.91. The fair value is estimated to be €38.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.
お知らせ • Apr 29On Holding AG to Report Q1, 2026 Results on May 12, 2026On Holding AG announced that they will report Q1, 2026 results Pre-Market on May 12, 2026
お知らせ • Apr 21On Holding AG, Annual General Meeting, May 28, 2026On Holding AG, Annual General Meeting, May 28, 2026.
Buy Or Sell Opportunity • Mar 27Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to €28.90. The fair value is estimated to be €37.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 25% per annum over the same time period.
お知らせ • Mar 25+ 2 more updatesOn Holding AG Announces CEO Changes, Effective May 1, 2026On Holding AG announced an update to its organizational structure as the company prepares to enter its next growth phase. Designed to even more closely connect founder-led strategic intent with execution, the updated model ensures On remains agile and decisive while continuing to scale. To drive the next phase of global expansion, co-founders David Allemann and Caspar Coppetti will serve as Co-CEOs. Following a successful 13-year tenure at On, Martin Hoffmann has chosen to step down as CEO. Effective May 1, 2026, David Allemann and Caspar Coppetti will assume the roles of Co-CEOs, while continuing as Executive Co-Chairmen of the Board. This facilitates their operational roles and brings the founders’ long-term stewardship into direct alignment with execution responsibility. Co-founder Olivier Bernhard will continue spearheading key performance product initiatives and athlete engagement as an Executive Member of the Board. With the strategic roadmap for continued growth in place, the four partners collectively recognize that this is the right moment for Martin Hoffmann to step down. Following a transformative 13-year tenure as CFO and five years as CEO, during which On evolved from a Swiss startup into a multi-billion dollar global leader, Martin has decided to take a planned hiatus and pursue philanthropic interests. In seamless partnership with the co-founders, Martin engineered the financial framework and strategic discipline and served as the essential link between On’s founder-led vision and the operational scale that transformed the company to the force it is today. He will step down from his roles effective May 1, 2026, will then ensure a smooth onboarding and transition to Frank Sluis, who joins as new CFO on May 1, 2026. Martin will then remain an advisor through March 2027.
Reported Earnings • Mar 04Full year 2025 earnings released: EPS: CHF0.62 (vs CHF0.75 in FY 2024)Full year 2025 results: EPS: CHF0.62 (down from CHF0.75 in FY 2024). Revenue: CHF3.01b (up 30% from FY 2024). Net income: CHF203.7m (down 16% from FY 2024). Profit margin: 6.8% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Italy.
お知らせ • Mar 03on Holding Ag Provides Revenue Guidance for 2026On Holding AG provides revenue guidance for 2026. For the period, the company expects net sales to grow by at least 23% year-over-year on a constant currency basis.
お知らせ • Feb 11On Holding AG to Report Q4, 2025 Results on Mar 03, 2026On Holding AG announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Mar 03, 2026
お知らせ • Jan 28On Holding Ag Announces CFO ChangesOn Holding AG announced that Frank Sluis will join the company as Chief Financial Officer (CFO), effective May 1, 2026. Frank Sluis has more than 25 years of experience at leading consumer businesses, including finance leadership positions at Ahold Delhaize, Reckitt Benckiser, and Unilever. Most recently, Frank served as Chief Financial Officer for Europe & Indonesia at Ahold Delhaize, a position he held since 2021. In this role, he managed the financial operations for well over EUR 30 billion in annual net sales and led a large-scale international finance, procurement, and sourcing organization of approximately 800 professionals. Frank was born and raised in the Netherlands and over the course of his professional career has spent significant time internationally, including in the United States. Frank succeeds Martin Hoffmann, who took on an expanded role as sole Chief Executive Officer (CEO) last year, while continuing his CFO responsibilities. Martin will continue to oversee the Finance organization until Frank’s start date to ensure a seamless handover.
Buy Or Sell Opportunity • Jan 20Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €39.00. The fair value is estimated to be €48.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €44.40, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 12x in the Luxury industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €50.37 per share.
Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €41.10, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 11x in the Luxury industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €46.94 per share.
Buy Or Sell Opportunity • Nov 27Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €40.00. The fair value is estimated to be €50.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 31% per annum over the same time period.