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Updated 1m ago
49G logo

On Holding AGXTRA:49G Stock Report

Market Cap €7.9b
Updated 1m ago
Share Price
n/a
1Yn/a
7D1.0%
1D3.3%
Portfolio Value
​
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On Holding AG

XTRA:49G Stock Report

Market Cap: €7.9b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

On Holding (49G) Stock Overview

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. More details

49G fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance6/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 54.8% below our estimate of its fair value

Earnings are forecast to grow 15.58% per year

Earnings grew by 191.5% over the past year

Risk Analysis

49G passed our risk checks.

49G Community Fair Values

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€
Current Price
€23.9022.4% undervalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-110m7b2016201920222025202620282031Revenue CHF 6.5bEarnings CHF 801.8m
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On Holding AG Competitors

adidas

Symbol: XTRA:ADS
Market cap: €24.7b

Hugo Boss

Symbol: XTRA:BOSS
Market cap: €2.6b

Deckers Outdoor

Symbol: NYSE:DECK
Market cap: US$10.9b

Birkenstock Holding

Symbol: NYSE:BIRK
Market cap: US$5.4b

Price History & Performance

Summary of share price highs, lows and changes for On Holding
Historical stock prices
Current Share PriceUS$23.90
52 Week HighUS$34.56
52 Week LowUS$23.00
Beta2.08
1 Month Change-7.86%
3 Month Change-29.48%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-25.49%

Recent News & Updates

Recent updates

Shareholder Returns

49GDE LuxuryDE Market
7D1.0%-0.2%-1.1%
1Yn/a-17.5%3.3%

Return vs Industry: Insufficient data to determine how 49G performed against the German Luxury industry.

Return vs Market: Insufficient data to determine how 49G performed against the German Market.

Price Volatility

Is 49G's price volatile compared to industry and market?
49G volatility
49G Average Weekly Movement7.5%
Luxury Industry Average Movement4.6%
Market Average Movement4.9%
10% most volatile stocks in DE Market12.0%
10% least volatile stocks in DE Market2.5%

Stable Share Price: 49G has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine 49G's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
20103,963David Allemannwww.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 Fundamentals Summary

How do On Holding's earnings and revenue compare to its market cap?
49G fundamental statistics
Market cap€7.93b
Earnings (TTM)€419.66m
Revenue (TTM)€3.41b
18.9x
P/E Ratio
2.3x
P/S Ratio

Is 49G overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
49G income statement (TTM)
RevenueCHF 3.22b
Cost of RevenueCHF 1.13b
Gross ProfitCHF 2.09b
Other ExpensesCHF 1.69b
EarningsCHF 396.20m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.19
Gross Margin64.82%
Net Profit Margin12.30%
Debt/Equity Ratio0%

How did 49G perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/20 00:51
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

On Holding AG is covered by 36 analysts. 30 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan KompBaird
Adrienne Yih-TennantBarclays
Vani MohindraBerenberg

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Financial Data provided by S&P Global Market Intelligence LLC, analysis provided by Simply Wall Street Pty Ltd. Copyright © 2026, S&P Global Market Intelligence LLC. All rights reserved.
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