お知らせ • Jul 29
On Holding AG to Report Q2, 2026 Results on Aug 11, 2026 On Holding AG announced that they will report Q2, 2026 results Pre-Market on Aug 11, 2026 New Risk • Jul 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. お知らせ • Jul 16
Infinium Powers Ons Cleancloud Breakthrough Supplying the Enaphtha Behind the Worlds First Eva Midsole Made from Captured Carbon Emissions At Commercial Scale Infinium announced its supply relationship with Borouge International and premium performance sportswear brand On, supporting the commercial launch of On's breakthrough CleanCloud technology. Infinium's eNaphtha, produced from waste CO2 and renewable hydrogen, provides the renewable feedstock used to manufacture the EVA (ethylene-vinyl acetate) material in On's Cloud X 5 - the world's first commercially scaled sportswear midsole made using captured carbon emissions. The collaboration represents a significant milestone in demonstrating how captured carbon can be transformed into everyday consumer products through existing industrial infrastructure. Conventional athletic shoe midsoles are manufactured from EVA or polyurethane foams derived from fossil-based naphtha. By replacing conventional naphtha with Infinium eNaphtha while utilizing existing petrochemical manufacturing assets, the partners have created a practical pathway toward lower-carbon materials without requiring entirely new production systems. Infinium eNaphtha is produced at the company's Project Pathfinder facility in Corpus Christi, Texas. Because it is chemically equivalent to conventional naphtha, it can be processed through existing steam crackers and downstream manufacturing infrastructure without modification - accelerating commercialization while delivering the same quality, performance, and product specifications manufacturers require. Beginning in 2024, Infinium shipped commercial volumes of eNaphtha from its Pathfinder facility to Borouge International's operations in Porvoo, Finland, where the renewable feedstock is converted into e-ethylene which is further transformed into EVA for high-performance footwear applications. This EVA is chemically identical to conventional material, delivering the same molecular structure, physical properties, and performance characteristics. For runners, there is no difference in performance. The difference lies in the carbon source. The collaboration demonstrates a real-world commercial application for renewable eNaphtha within the global petrochemical value chain while advancing On's ambition to eliminate virgin fossil-based feedstocks from its products. The Cloud X 5 represents one of the footwear industry's first large-scale uses of captured carbon as a primary manufacturing feedstock. When On introduced CleanCloud in 2022, the concept had produced just five prototype pairs, with commercial-scale deployment targeted near the end of the decade. Supported by Infinium's commercial eNaphtha supply, On is scaling to over a million pairs of Cloud X 5 shoes - achieving that milestone four years ahead of its original target. Every step of the supply chain - from Infinium's Pathfinder production facility through Borouge International's petrochemical operations and On's manufacturing partners - is ISCC PLUS certified. This internationally recognized certification provides verified chain-of-custody tracking, ensuring the traceability of sustainably produced feedstocks throughout the manufacturing process. New Risk • May 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €38.22, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Luxury industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €52.84 per share. Recent Insider Transactions • May 17
Co-Founder recently bought €1.9m worth of stock On 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 13
First 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 12
On Holding AG Provides Earnings Guidance for the Year 2026 On 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 06
Now 23% undervalued after recent price drop Over 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 29
On Holding AG to Report Q1, 2026 Results on May 12, 2026 On Holding AG announced that they will report Q1, 2026 results Pre-Market on May 12, 2026 お知らせ • Apr 21
On Holding AG, Annual General Meeting, May 28, 2026 On Holding AG, Annual General Meeting, May 28, 2026. Buy Or Sell Opportunity • Mar 27
Now 22% undervalued after recent price drop Over 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. Reported Earnings • Mar 04
Full 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 03
on Holding Ag Provides Revenue Guidance for 2026 On 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 11
On Holding AG to Report Q4, 2025 Results on Mar 03, 2026 On 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 28
On Holding Ag Announces CFO Changes On 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 20
Now 20% undervalued The 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 12
Investor 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 11
Investor 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 27
Now 21% undervalued The 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.