On Holding AG

ONON: NYSE
64Total

Lowest reading is at 35 out of 100. All scores are out of 100.

About The Company

CEO

Mr. David Allemann

Market Cap

10.01 Billion USD

Sector

Consumer Cyclical

Website

https://www.on.com

Last Update

27/09/2026, 17:43:22

Description

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.

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Strongest readings

  • ✔Financial health is strong (health score 81 out of 100)
  • ✔Debt is low at 0.29 times equity
  • ✔Altman-Z score of 4.94 sits above the distress range
  • ✔Share count has been falling at 0.03% per year

Weakest readings

  • ✘The current price sits above estimated fair value (margin of safety -74.47%)
  • ✘Earnings and cashflow growth is weak (growth score 35 out of 100)
  • ✘Price-to-earnings of 20.9 is above the market average of 19.6

Key Figures

StatusMetricValueReadingMarket avg
✘
Price / earnings (TTM)
20.85x
19.60x
✘
Margin of safety (DCF)
-74.47%
17.95%
✘
Revenue growth (5y average)
4.12%
10.97%
✘
Dividend yield (TTM)
0.00%
1.85%
✔
Share count, per year
-0.03%
0.00%
✘Return on capital employed5.44%
10.00%

The bar shows how good a reading is, so a longer bar is always better. The tick marks the benchmark.

Valuation

69 / 100

Priced at or below the market on most measures.

StatusMetricValueReadingMarket avg
✘
Price / earnings
20.85x
19.60x
✔Free cashflow yield5.73%
4.70%
Price / earnings growthN/A1.50x
Price / book4.73x
—
✘
Margin of safety
-74.47%
17.95%

The bar shows how good a reading is, so a longer bar is always better. The tick marks the benchmark.

  • ✘Estimated intrinsic value of 7.65 USD is below the current price of 29.96 USD

Desired Margin Of Safety

0%

▼

Tip: Set your desired Margin Of Safety

Free Cash Flow Type

Annual Cashflow Growth

0%

Discount Rate

0%

Estimated Fair Value: 8 USD ✘

Current Price: 30 USD

How Does This Work?

Show Advanced Options

This calculator helps investors estimate the Intrinsic Value of a company based on the current value of future cash flows. To use the tool, simply input a desired Margin Of Safety, which is an additional discount applied to the present value of the expected future cash flows. The tool calculates the present value using a discount rate that reflects the risk and time value of money, and provides an estimated fair value for the company based on the selected margin of safety. The calculator defaults to using 5 Year Free Cash Flow Growth % and a discount rate based on the US 10-year treasury bond coupon rate. Use our performance analyser to get a feel for the impact this has on longterm investment returns and find a margin of safety you are comfortable with.

Growth

35 / 100

Growing more slowly than the market on most measures.

StatusMetricValueReadingMarket avg
✘
Revenue growth
4.12%
10.97%
✘Earnings growth0.00%
14.48%
✔Cashflow growth12.51%
12.35%

The bar shows how good a reading is, so a longer bar is always better. The tick marks the benchmark.

    Health

    81 / 100

    Balance sheet covers its obligations.

    Measured on Leverage and capital, Funding and liquidity, Earnings quality.

    StatusMetricValueReadingThreshold
    ✔Altman-Z score4.94
    3.00
    ✔Piotroski score7.00
    5.00
    ✔Debt / equity0.29x
    0.80x
    ✔Current ratio2.83x
    1.00x
    ✔Interest coverage20.05x
    2.50x
    ✔Free cashflow / debt0.35x
    0.15x
    ✔Debt / capital0.23x
    1.00x

    The bar shows how good a reading is, so a longer bar is always better. The tick marks the benchmark.

      Management

      70 / 100

      Returns on capital are at or above the market.

      StatusMetricValueReadingMarket avg
      ✘Return on equity5.49%
      15.00%
      ✘Return on capital employed5.44%
      10.00%
      Return on assets3.24%
      —
      Free cashflow return on capital8.11%
      —
      ✔Return on capital, 5y change3.34%
      0.00%
      ✔
      Share count, per year
      -0.03%
      0.00%
      ✔Share count, recent-52.54%
      0.00%
      Realized buyback returnN/A0.00%
      ✔Goodwill erosion / equity0.00%
      2.00%
      Price volatility, 5 year50.71%
      —

      The bar shows how good a reading is, so a longer bar is always better. The tick marks the benchmark.

      • ✔Shares were repurchased while the value score was 69 out of 100

      Analysts

      not enough data
      StatusMetricValueReadingNeutral
      Analyst opinion scoreN/A50

      The bar shows how good a reading is, so a longer bar is always better. The tick marks the benchmark.

      Financial History

      Annual figures across the full reporting history we hold.

      Market Peers

      ONON

      SEC Filings

      Find yearly (10-K), quaterly (10-Q) and disclosure (8-K) report here, on the Securities and Exchange Commission's EDGAR database. If reading through reports isn't your cup of tea, don't worry. We've made it easy for you by summarizing all the important bits.

      See 35+ Years Annual Reports

      Other Information

      Company Name

      On Holding AG

      Currency

      USD

      Beta

      2.084

      Vol Avg

      8091315

      Ceo

      Mr. David Allemann

      Cik

      0001858985

      Cusip

      Exchange

      NYSE

      Full Time Employees

      3963

      Industry

      Footwear & Accessories

      Sector

      Consumer Cyclical

      Ipo Date

      Address

      FOerrlibuckstrasse 190

      City

      Zurich

      State

      Country

      Switzerland

      Zip

      8005

      Phone

      41 44 225 15 55

      Analysis Last Updated

      27/09/2026, 17:43:22

      Financial data compiled from SEC EDGAR filings and Yahoo Finance.

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