Stock Analysis
On Holding AGONON
Sector: Consumer Cyclical
AnalystsStrong Buy36 analystsPrice is 33% of the way from the year's low to its high.
PMP Verdict
Insufficient financial data
No financial statements on file for this ticker — fundamental scores are not computed.
Bull Case
- ✓ROE 23.1% — efficient capital deployment
What's happening with ONON
Risk Flags
- ⚠Interest coverage 2.2× — thin debt cushion
About On Holding AG
Founded in Switzerland in 2010, sportswear firm On Holding generates more than 90% of its sales from athletic shoes. Show more
The brand is best known for its running shoes and its distinctive CloudTec soles. On also produces athletic apparel (6% of 2025 sales) and accessories (1%). The firm's merchandise is available in more than 80 countries and is sold through both wholesale (58% of sales) and company-owned channels (42%). In 2025, On generated 58% of its sales in North America, 25% in Europe, the Middle East, and Africa, and 17% in the Asia-Pacific region.
Employees: 1,230 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
Valuation
50CP/E (TTM)—
Price / TTM EPS (own statements)
P/FCF22.4xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield4.5%C
Grade C: LowInverse of Finnhub P/FCF (own TTM FCF unavailable)
P/S (TTM)2.99xB
Grade B: FairPrice / TTM Revenue (own statements)
EV/EBITDA15.4xB
Grade B: FairEnterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales2.8xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E20.1xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio5.13xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.10A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
32DROIC—
NOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE23.1%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA13.4%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin12.3%A
Grade A: HighNet Income / Revenue
Operating Margin—
TTM EBIT / TTM Revenue
Gross Margin64.8%A
Grade A: PremiumGross Profit / Revenue
FCF Margin—
FCF / Revenue
True FCF Margin—
TTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
0ERevenue CAGR—
Compound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth—
Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Financial Health
35DAltman Z-Score—
Bankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio2.83xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio2.18xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage2.2xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity0.30xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Quality
0EPiotroski F-Score—
Financial strength 0–9. >7 Strong
Beneish M-Score—
Earnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability—
EBIT margin std deviation. Lower = stable
Capex / Revenue—
TTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover1.09xA
Grade A: HighRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Helmersson Helena Filed | Helmersson Helena | Tax withholding | -633 | |
Miele Laura Filed | Miele Laura | Tax withholding | -609 | |
Durkin Dennis M Filed | Durkin Dennis M | Tax withholding | -723 | |
Helmersson Helena Filed | Helmersson Helena | Grant / award | +2.4K | |
Perez Alexandre Filed | Perez Alexandre | Grant / award | +2.9K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Miele Laura Filed | Miele Laura | Grant / award | +2.4K | |
Banse Amy Filed | Banse Amy | Grant / award | +2.4K | |
Durkin Dennis M Filed | Durkin Dennis M | Grant / award | +2.9K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
0EROIC >12% Years—
Share of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)—
Median annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years—
Share of completed fiscal years with positive free cash flow
Net Margin Floor—
Weakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)—
TTM net income per share (Finnhub fallback)
Cash / Share$3.84
Cash & short-term investments per share (Finnhub)
Book Value / Share$5.72
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.—
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity—
Shareholders' equity (book value)
Asset / Liability—
Total Assets / Total Liabilities
Market
Market Cap$11.57B
Current Market Capitalization
Beta2.13D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Ratio snapshot Oct 17, 2026
Key Insights: On Holding AG (ONON)
ONON is down 1.25% at the last close.
- Return on equity of 23.1% is well above the market average.
See how ONON ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all ONON moves →Frequently Asked Questions about ONON
What is the current On Holding AG (ONON) stock price?
ONON is trading at $34.75 at the last market close, down 1.25% on the session. PreMarketPrice tracks ONON pre-market, intraday and after-hours prices.
Is ONON stock a buy right now?
PreMarketPrice's quantitative model rates On Holding AG's financial health at 35/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is ONON stock overvalued?
On Holding AG trades at a trailing P/E of n/a and our valuation score rates it 50/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does On Holding AG report earnings?
No confirmed earnings date is currently scheduled for ONON. The Earnings section lists recent reports and updates as dates are announced.
What sector does On Holding AG operate in?
On Holding AG operates in the Consumer Cyclical sector. The Related Stocks section lists sector peers for comparison.
What does On Holding AG do?
Founded in Switzerland in 2010, sportswear firm On Holding generates more than 90% of its sales from athletic shoes.
About On Holding AG (ONON) Stock
On Holding AG (ONON) is a US-listed stock operating in the Consumer Cyclical sector. As of the latest update, On Holding AG is trading at $34.75, down 1.25% on the day with a market capitalization of $11.6 billion. The financial health score for ONON is 35/100, which indicates weak financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for ONON stock.
ONON Stock Analysis & Key Metrics
On PreMarketPrice, you can track On Holding AG (ONON) across multiple dimensions:
- Pre-market price & movement: Real-time ONON stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for ONON with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for On Holding AG across multiple reporting periods.
- Financial health score: A composite score of 35/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for ONON.
- Sector peers: Compare ONON against 2 other consumer cyclical stocks on key financial metrics.
Is ONON a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate On Holding AG (ONON) as an investment. The financial health score of 35/100 suggests weak financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.On Holding AG (ONON) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.