YOLFTbeta
On Holding Ltd

On Holding Ltd

ONON · NYSE · Consumer Cyclical / Footwear & Accessories

33.63USD+0.56 (+1.69%)

Price History

Full chart

Market Stats

Previous Close33.07
Open33.50
Day Range33.15 – 34.29
52-Week Range26.37 – 51.08
Volume6.01M
Market Cap11.09B
P/E (TTM)22.11
Forward P/E17.06
EPS1.50
Dividend Yield0.00%
Beta2.08
50-Day Avg30.59
200-Day Avg36.91

About

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.

Company Details

  • SectorConsumer Cyclical
  • IndustryFootwear & Accessories
  • CEOMr. David Allemann
  • Employees3.96K
  • HeadquartersFOerrlibuckstrasse 190, Zurich, Switzerland, 8005, USA
  • Websitehttps://www.on.com

Leadership

  • Mr. David AllemannCo-Founder, Co-CEO & Executive Co-Chairman · b. 1971
  • Mr. Caspar CoppettiCo-Founder, Co-CEO & Executive Co-Chairman · b. 1977
  • Mr. Scott MaguirePresident & COO
  • Mr. Olivier BernhardCo-Founder & Executive Director · b. 1969
  • Mr. Frank SluisChief Financial Officer
  • Mr. Narek VerdianChief Technology Officer
  • Liv RadlingerHead of Investor Relations
  • Ms. Julie PenderGeneral Counsel & Company Secretary
  • Mr. Alex GriffinChief Marketing Officer
  • Ms. Katarina BergChief Human Resources Officer · b. 1968

Financials

Income Statement

Currency: CHF2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue267.12M425.30M724.60M1.22B1.79B2.32B3.01B
Growth (%)-+59.22%+70.37%+68.66%+46.64%+29.36%+30.01%
Cost of Revenue124.00M194.20M294.30M537.20M724.80M912.60M1.12B
Gross Profit143.12M231.10M430.30M684.90M1.07B1.41B1.89B
Gross Margin53.58%54.34%59.38%56.04%59.56%60.63%62.83%
Operating Expense137.43M248.20M571.40M599.80M887.10M1.19B1.52B
Operating Income5.69M-17.10M-141.10M85.10M180.20M211.60M377.00M
Operating Margin2.13%-4.02%-19.47%6.96%10.06%9.13%12.51%
EBITDA8.61M-12.00M-125.80M128.60M244.70M400.00M354.50M
EBITDA Margin3.22%-2.82%-17.36%10.52%13.65%17.25%11.76%
Net Income-1.47M-27.50M-170.20M57.70M79.60M242.30M203.70M
Net Income Margin-0.55%-6.47%-23.49%4.72%4.44%10.45%6.76%
R&D----8.90M--
R&D as % of Total Revenue----0.50%--
Interest Expense629.64K852.30K3.54M6.19M10.76M23.81M21.90M
Interest Expense % of Total Revenue0.24%0.20%0.49%0.51%0.60%1.03%0.73%

Balance Sheet

Currency: CHF2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets143.63M382.57M1.24B1.38B1.59B2.38B2.84B
Total Liabilities79.21M137.48M388.10M412.90M518.50M984.90M1.20B
Total Equity64.41M245.09M848.40M969.50M1.07B1.39B1.63B
Cash11.93M90.64M653.10M371.00M494.60M924.30M1.02B
Total Debt20.20M23.73M180.80M160.40M229.00M347.60M581.66M
Net Debt8.27M-66.91M-472.30M-210.60M-265.60M-576.70M-439.40M

Cash Flow

Currency: CHF2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-5.22M-14.70M16.90M-227.00M232.10M510.60M322.80M
Investing Cash Flow-9.54M-18.60M-36.40M-82.90M-47.10M-64.90M-75.07M
Financing Cash Flow-690.00K124.80M595.90M6.30M-21.80M-55.40M-54.44M
Capital Expenditure9.22M18.60M36.20M83.00M47.20M65.00M69.62M
Free Cash Flow-14.44M-33.30M-19.30M-310.00M184.90M445.60M253.18M
Dividends Paid0000000
FCF to OCF276.64%226.53%-114.20%136.56%79.66%87.27%78.43%
Dividend Paid to FCF0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Earnings

Report DateMar 31, 2020Jun 30, 2020Sep 30, 2020Mar 31, 2021Jun 30, 2021Sep 1, 2021Nov 16, 2021Mar 18, 2022May 18, 2022Aug 16, 2022Dec 16, 2022Mar 21, 2023May 16, 2023Aug 15, 2023Nov 14, 2023Mar 12, 2024May 14, 2024Aug 13, 2024Nov 12, 2024Mar 4, 2025May 13, 2025Aug 12, 2025Nov 12, 2025Mar 3, 2026May 12, 2026Aug 11, 2026Nov 11, 2026
EPS Estimate0.000.00-0.000.000.000.050.02-0.040.040.110.02-0.150.120.150.110.150.170.200.180.220.210.270.210.270.380.42
EPS Actual-0.07-0.070.03-0.01-0.040.050.04-0.600.050.140.08-0.040.140.010.22-0.060.330.140.160.330.21-0.090.430.250.370.39-
Surprise-------20.00%-3100.00%226.00%250.00%-29.82%-307.50%193.33%-91.67%46.67%-154.55%120.00%-17.65%-20.00%83.84%-4.55%-142.86%59.26%17.81%37.04%2.63%-
Timing------Pre-market-Pre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap11.09B
Enterprise Value10.01B
Trailing P/E22.11
Forward P/E17.06
PEG Ratio0.52
Price / Sales3.44
Price / Book4.69
EPS1.50
Book Value6.94
Revenue (TTM)3.22B
Gross Profit (TTM)2.09B
EBITDA490.40M
Profit Margin12.30%
Operating Margin14.02%
Return on Equity23.95%
Return on Assets9.58%
Shares Outstanding301.72M
Shares Float248.72M
Beta2.08
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 31 analystsTarget 43.49
  • Strong Buy
    17
  • Buy
    8
  • Hold
    5
  • Strong Sell
    1

Ownership Breakdown

Institutions
72.51%
Insiders
24.22%
Retail / Other
3.27%

Top Institutional Holders

  • Morgan Stanley - Brokerage Accounts
    20.45M6.12%
  • BAMCO Inc
    16.93M5.07%
  • FMR Inc
    16.04M4.80%
  • Lone Pine Capital LLC
    13.28M3.97%
  • PLATINUM PARAMOUNT INVESTMENT LTD.
    11.31M3.38%
  • Sinvest Investments II Ltd.
    8.40M2.51%
  • Sands Capital Management, LLC
    7.49M2.24%
  • Citadel Advisors Llc
    7.10M2.12%
  • BlackRock Inc
    5.54M1.66%
  • Jane Street Group LLC
    5.24M1.57%
  • UBS Group AG
    5.03M1.51%
  • Marshall Wace Asset Management Ltd
    3.49M1.05%
  • The Goldman Sachs Group Inc
    3.38M1.01%
  • Ameriprise Financial Inc
    3.21M0.96%
  • NORGES BANK
    3.18M0.95%
  • Ilex Capital Partners (Uk) LLP
    3.03M0.91%

Top Fund Holders

  • Baron Partners Retail
    8.76M2.62%
  • Baron Focused Growth Retail
    5.61M1.68%
  • MS INVF Global Opportunity Z
    4.39M1.31%
  • Fidelity Growth Company Fund
    3.48M1.04%