ON (ONON) Stock Price, News & Analysis

Company Overview

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores. The company was founded in 2010 and is headquartered in Zurich, Switzerland.

Key Stats

• Today's Range: $56.88 to $58.51
• 50-Day Range: $46.30 to $58.13
• 52-Week Range: $25.78 to $58.51
• Volume: 4.18 million shs
• Average Volume: 4.26 million shs
• Market Capitalization: $36.60 billion
• P/E Ratio: 135.19
• Dividend Yield: N/A
• Price Target: $56.05
• Consensus Rating: Moderate Buy

ON Stock Analysis - MarketRank™

ON scored higher than 53% of companies evaluated by MarketBeat, and ranked 183rd out of 285 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

ON has received a consensus rating of Moderate Buy. The company's average rating score is 2.87, and is based on 18 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

ON has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 28.13%

Earnings Growth

Earnings for ON are expected to grow by 28.13% in the coming year, from $0.64 to $0.82 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ON is 135.19, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 118.93.

Price to Earnings Ratio vs. Sector

The P/E ratio of ON is 135.19, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 19.36.

Price to Book Value per Share Ratio

ON has a P/B Ratio of 25.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.92% 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 5.

Change versus previous month

Short interest in ON has recently decreased by 2.29%, indicating that investor sentiment is improving.

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

11.92% 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 5.

Change versus previous month

Short interest in ON has recently decreased by 2.29%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 0.99

News Sentiment

ON has a news sentiment score of 0.99. 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 0.69 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for ON this week, compared to 13 articles on an average week.

Search Interest

45 people have searched for ONON on MarketBeat in the last 30 days. This is an increase of 125% compared to the previous 30 days.

MarketBeat Follows

25 people have added ON to their MarketBeat watchlist in the last 30 days. This is an increase of 178% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 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 Insiders

68.57% of the stock of ON is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 33.11% 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 $26.97 at the start of the year. Since then, ONON shares have increased by 115.5% and is now trading at $58.13.
View the best growth stocks for 2024 here.

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 analysts' consensus estimates of $0.14 by $0.06. ON's revenue for the quarter was up 46.5% on a year-over-year basis.

When did ON IPO?

ON (ONON) raised $591 million in an initial public offering 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?

ON's top institutional investors include FMR LLC (4.51%), Wellington Management Group LLP (0.84%), Bamco Inc. NY (0.50%) and Jennison Associates LLC (0.26%).

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.
Compare Top Brokerages Here.

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: 11/24/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/11/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Rubber & plastics footwear
• Sub-Industry: N/A
• Current Symbol: NYSE:ONON
• CUSIP: N/A
• CIK: 1858985
• Web: www.on-running.com
• Phone: 41-44-225-1555
• Fax: N/A
• Employees: 2,353
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $56.05
• High Stock Price Target: $64.00
• Low Stock Price Target: $34.00
• Potential Upside/Downside: -3.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.87
• Research Coverage: 23 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.43
• Trailing P/E Ratio: 135.19
• Forward P/E Ratio: 90.83
• P/E Growth: N/A
• Net Income: $88.67 million
• Net Margins: 5.87%
• Pretax Margin: 6.70%
• Return on Equity: 10.69%
• Return on Assets: 6.66%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.91
• Quick Ratio: 2.25

Sales & Book Value

• Annual Sales: $2.16 billion
• Price / Sales: 16.95
• Cash Flow: $0.26 per share
• Price / Cash Flow: 219.87
• Book Value: $2.32 per share
• Price / Book: 25.06

Miscellaneous

• Outstanding Shares: 629,653,000
• Free Float: 197,900,000
• Market Cap: $36.60 billion
• Optionable: Optionable
• Beta: 2.25