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: $49.54 to $52.00
• 50-Day Range: $36.95 to $50.96
• 52-Week Range: $23.41 to $52.00
• Volume: 5.40 million shs
• Average Volume: 5.24 million shs
• Market Capitalization: $32.09 billion
• P/E Ratio: 115.82
• Dividend Yield: N/A
• Price Target: $46.89
• Consensus Rating: Moderate Buy

ON Stock Analysis - MarketRank™

ON scored higher than 42% of companies evaluated by MarketBeat, and ranked 215th out of 300 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 2.82, and is based on 18 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

ON has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 10.98%

Earnings Growth

Earnings for ON are expected to grow by 10.98% in the coming year, from $0.82 to $0.91 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ON is 115.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of ON is 115.82, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.03.

Price to Earnings Growth Ratio

ON has a PEG Ratio of 1.37. 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 26.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

14.82% 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 6.

Change versus previous month

Short interest in ON has recently increased by 11.70%, indicating that investor sentiment is decreasing 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

14.82% 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 6.

Change versus previous month

Short interest in ON has recently increased by 11.70%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.94

News Sentiment

ON has a news sentiment score of 0.94. 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 0.61 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for ON this week, compared to 13 articles on an average week.

Search Interest

Only 49 people have searched for ONON on MarketBeat in the last 30 days. This is a decrease of -18% compared to the previous 30 days.

MarketBeat Follows

Only 19 people have added ON to their MarketBeat watchlist in the last 30 days. This is a decrease of -10% 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 89.0% and is now trading at $50.96.
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, August, 13th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.04. The firm earned $627.66 million during the quarter, compared to analyst estimates of $634.43 million. ON had a net margin of 7.42% and a trailing twelve-month return on equity of 13.02%.

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 a price of $18.00-$20.00 per share.

Who are ON's major shareholders?

Top institutional shareholders of ON include Select Equity Group L.P. (1.18%), American Century Companies Inc. (0.93%), William Blair Investment Management LLC (0.51%) and Anomaly Capital Management LP (0.49%).

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.

Company Calendar

• Last Earnings: 8/13/2024
• Today: 9/18/2024
• Next Earnings (Estimated): 11/12/2024
• Fiscal Year End: 12/31/2024

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: $46.89
• High Stock Price Target: $59.00
• Low Stock Price Target: $33.00
• Potential Upside/Downside: -8.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.82
• Research Coverage: 22 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.44
• Trailing P/E Ratio: 115.82
• Forward P/E Ratio: 62.15
• P/E Growth: 1.37
• Net Income: $88.67 million
• Net Margins: 7.42%
• Pretax Margin: 9.23%
• Return on Equity: 13.02%
• Return on Assets: 8.25%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.98
• Quick Ratio: 2.18

Sales & Book Value

• Annual Sales: $2.00 billion
• Price / Sales: 16.08
• Cash Flow: $0.27 per share
• Price / Cash Flow: 191.93
• Book Value: $1.90 per share
• Price / Book: 26.82

Miscellaneous

• Outstanding Shares: 629,650,000
• Free Float: 197,900,000
• Market Cap: $32.09 billion
• Optionable: Optionable
• Beta: 2.24