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Company Analysis

On Holding AG ONON

A comprehensive view of key metrics, scores, and financial health for On Holding AG

Overview of On Holding AG

ONON NYQ
Consumer Cyclical Footwear & Accessories Framework: General Corporate Large Cap
On Holding AG (ONON), is a Large Cap company, in the Footwear & Accessories industry, last closed at $38.58, about 63.6% overvalued vs fair value, -26.2% 1Y return, ranked 187/539 in sector.
USD 38.58
-1.61%
(Delayed)
• Vol 90d: 48.7%
52-Week Range
Market Cap
$12.98B
Enterprise Value
$12.43B
Overall Score
View breakdown
Overall
Growth
Excellent
Profitability
Excellent
Health
Fair
Efficiency
Good
Valuation
Good
Growth
Excellent
Profitability
Excellent
Health
Fair
Efficiency
Good
Valuation
Good
Completeness: 82%
Confidence: 88%
Updated: Mar 8
Top Beats

Quick Facts

Website https://www.on.com
HQ Zurich
Employees 3,254
Fiscal year Dec 31

Next Events

Earnings Aug 11 Estimated

Fair Value Snapshot

Bear Base Bull
$12
$14
$16
Current: $38.58 -64% vs base

Engine Room Money Flow™

Large Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$3.0B
30%%
Gross Profit
$1.9B
34.7%%
Operating Income
$377.0M
78.3%%
Net Income
$203.7M
-15.9%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
137.9%
Excellent

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$69.9M
24.9% of FCF

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
3
Active Leaks
1/3
Improving
1
High Impact
0
Critical
Locked Leak
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Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating On Holding AG's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
71
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Moderate
58
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 95% Coverage
Trade-Off Triangle Visualization A ternary plot showing ONON's balance between Growth (38.0%), Profitability (34.5%), and Safety (27.5%). Growth 38% Safety 28% Profitability 35%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

88th percentile vs peers
89
Key Signals
Rev Growth YoY 29.4% 88p Revenue CAGR 3Y 47.3% 92p EPS Growth YoY 2.02 94p TSR 30.7% 69p
Strengths
  • Growth performance in top 20% of peers (percentile: 88)
  • Rev Growth YoY in top 20% of peers (29.4%, 88th percentile)
  • Revenue CAGR 3Y in top 20% of peers (47.3%, 92th percentile)
  • EPS Growth YoY in top 20% of peers (2.02, 94th percentile)
Risks

No significant risks identified for this axis.

Profitability

80th percentile vs peers
81
Key Signals
Strengths
Risks
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Safety

64th percentile vs peers
64
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for On Holding AG.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$14.03
- - -
-63.6% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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