ON (ONON) Stock Price, News & Analysis

Company Overview

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores. The company was founded by David Allemann, Olivier Bernhard, and Caspar Coppetti in January 2010 and is headquartered in Zurich, Switzerland.

Key Stats

• Today's Range: $45.73 to $46.81
• 50-Day Range: $44.30 to $54.35
• 52-Week Range: $34.59 to $64.05
• Volume: 1.85 million shs
• Average Volume: 5.47 million shs
• Market Capitalization: $28.81 billion
• P/E Ratio: 101.72
• Dividend Yield: N/A
• Price Target: $64.20
• Consensus Rating: Moderate Buy

ON Stock Analysis - MarketRank™

ON scored higher than 84% of companies evaluated by MarketBeat, and ranked 39th out of 211 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

ON has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 19 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

ON has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 30.30%

Earnings Growth

Earnings for ON are expected to grow by 30.30% in the coming year, from $0.66 to $0.86 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ON is 103.08, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 28.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of ON is 103.08, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 26.78.

Price to Earnings Growth Ratio

ON has a PEG Ratio of 2.69. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

ON has a P/B Ratio of 18.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.26% of the float of ON has been sold short.

Short Interest Ratio / Days to Cover

ON has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ON has recently decreased by 10.98%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

ON does not currently pay a dividend.

Dividend Growth

ON does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.26% of the float of ON has been sold short.

Short Interest Ratio / Days to Cover

ON has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ON has recently decreased by 10.98%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.42

News Sentiment

ON has a news sentiment score of 1.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.84 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for ON this week, compared to 17 articles on an average week.

Search Interest

54 people have searched for ONON on MarketBeat in the last 30 days. This is an increase of 42% compared to the previous 30 days.

MarketBeat Follows

21 people have added ON to their MarketBeat watchlist in the last 30 days. This is an increase of 91% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, ON insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 36.39% of the stock of ON is held by institutions.

ONON Stock Analysis - Frequently Asked Questions

How have ONON shares performed this year?

ON's stock was trading at $54.77 at the start of the year. Since then, ONON stock has decreased by 15.3% and is now trading at $46.38.

How were ON's earnings last quarter?

On Holding AG (NYSE:ONON) issued its quarterly earnings data on Tuesday, November, 14th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. The firm's revenue was up 46.5% on a year-over-year basis.
Read the conference call transcript.

When did ON IPO?

ON (ONON) raised $591 million in an initial public offering (IPO) on Wednesday, September 15th 2021. The company issued 31,100,000 shares at $18.00-$20.00 per share.

Who are ON's major shareholders?

Top institutional shareholders of ON include Alliancebernstein L.P. (3.02%), Bank of America Corp DE (0.80%), Winslow Capital Management LLC (0.76%) and Sands Capital Management LLC (0.73%).

How do I buy shares of ON?

Shares of ONON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of ON own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ON investors own include NVIDIA (NVDA), Invesco QQQ (QQQ), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Arista Networks (ANET) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 11/14/2023
• Today: 8/25/2025
• Next Earnings (Estimated): 11/11/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: RETAIL - APP/SHOE
• Sub-Industry: Apparel
• Current Symbol: NYSE:ONON
• CIK: 1858985
• Web: www.on-running.com
• Phone: 41-44-225-1555
• Fax: N/A
• Employees: 3,254
• Year Founded: N/A

Price Target and Rating

• Average Price Target for ON: $64.20
• High Price Target: $79.00
• Low Price Target: $40.00
• Potential Upside/Downside: +39.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.91
• Research Coverage: 22 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.45
• Trailing P/E Ratio: 102.49
• Forward P/E Ratio: 69.85
• P/E Growth: 2.69
• Net Income: $275.23 million
• Net Margins: 4.45%
• Pretax Margin: 4.83%
• Return on Equity: 8.75%
• Return on Assets: 5.10%

Debt

• Debt-to-Equity Ratio: 0.31
• Current Ratio: 2.53
• Quick Ratio: 2.00

Sales & Book Value

• Annual Sales: $2.63 billion
• Price / Sales: 11.02
• Cash Flow: $0.57 per share
• Price / Cash Flow: 80.42
• Book Value: $2.51 per share
• Price / Book: 18.37

Miscellaneous

• Outstanding Shares: 629,650,000
• Free Float: N/A
• Market Cap: $29.03 billion
• Optionable: Optionable
• Beta: 2.24