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On Holding AG Stock Price

NYSE:ONON Community·US$12.3b Market Cap
  • 3 Narratives written by author
  • 0 Comments on narratives written by author
  • 253 Fair Values set on narratives written by author

ONON Share Price Performance

US$36.65
-14.99 (-29.03%)
US$52.49
Fair Value
US$36.65
-14.99 (-29.03%)
30.2% undervalued intrinsic discount
US$52.49
Fair Value
Price US$36.65
AnalystConsensusTarget US$52.49
AnalystLowTarget US$27.06
AnalystHighTarget US$76.81

ONON Community Narratives

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Fair Value US$52.49 30.2% undervalued intrinsic discount

Analyst Commentary Reveals Mixed Views as On Holding Adjusts Guidance and Targets

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Fair Value US$27.06 35.4% overvalued intrinsic discount

Premium Positioning And Aggressive Expansion Will Eventually Expose Material Margin And Execution Risks

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Fair Value US$76.81 52.3% undervalued intrinsic discount

Premium Global Brand Expansion And Apparel Momentum Will Drive Powerful Long Term Upside

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Trending Discussion

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Updated Narratives

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ONON: Margin Expansion And Brand Momentum Will Drive Future Upside Potential

Fair Value: US$76.81 52.3% undervalued intrinsic discount
5 users have set this as their fair value
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ONON: Recalibrated Growth Outlook Will Test Premium Brand Momentum

Fair Value: US$27.06 35.4% overvalued intrinsic discount
6 users have set this as their fair value
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ONON: Founder Return And Margin Focus Will Support Future Stock Upside

Fair Value: US$52.49 30.2% undervalued intrinsic discount
105 users have set this as their fair value
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Snowflake Analysis

Flawless balance sheet with high growth potential.

0 Risks
3 Rewards

On Holding AG Key Details

CHF 3.1b

Revenue

CHF 1.1b

Cost of Revenue

CHF 2.0b

Gross Profit

CHF 1.7b

Other Expenses

CHF 250.3m

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
n/a
0.76
63.88%
8.02%
0%
View Full Analysis

About ONON

Founded
2010
Employees
3963
CEO
David Allemann
WebsiteView website
www.on.com

On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

Recent ONON News & Updates

Narrative Update Jul 16

ONON: Margin Expansion And Brand Momentum Will Drive Future Upside Potential

On Holding's updated analyst price target has moved lower to reflect a fair value estimate of about $76.81, down from roughly $81.43, as analysts balance slightly softer revenue growth assumptions and a higher discount rate with improved profit margin expectations and a lower future P/E. Analyst Commentary Recent Street research on On Holding highlights a mix of cautious valuation resets and ongoing confidence in the company’s execution, brand momentum, and profitability profile.
Narrative Update Jul 02

ONON: Recalibrated Growth Outlook Will Test Premium Brand Momentum

Analysts have reduced their fair value estimate for On Holding to $27.06 from $42.09. They are recalibrating revenue growth, margin expectations and valuation multiples in light of recent price target revisions that cluster in the $42 to $60 range.

Recent updates

No updates