On Holding AG ONON
Composite 56/100; the shares have moved about 53% annualised. Names that move more contribute more risk for the same amount invested, and our composite reflects how strong the evidence for this one is right now.
Momentum ranks 21/100 — a strong mark against it.
Balance-sheet strength ranks 87/100 — a strong point in its favour. Quality ranks 74/100 — a moderate point in its favour.
Momentum ranks 21/100 — a strong mark against it. Growth ranks 37/100 — a moderate mark against it. Valuation ranks 45/100 — a slight mark against it.
What the company does On Holding AG designs, makes, and sells performance running, outdoor, all-day, training, tennis, and youth shoes and apparel under the On brand through wholesale, DTC, owned stores, and e-commerce.
Key financials Gross margin 63.9%, operating margin 14.1%, net margin 8.0%. ROE 15.5%, ROA 9.7%, ROCE 12.8%. Revenue +14.5%, EPS +81.1%. Debt/Equity 0.31, net cash, current ratio 2.98.
Stock health Sideravia overall 56.3/100: strong quality (65.5) and brand strength (86.1), weak momentum (27.3). Piotroski 7/9, Altman Z 8.19; RSI(14) 49.90.
Price vs fair value The stock trades at a PREMIUM of 33.40% to our fair-value estimate and a discount of 41.31% to the 12-month target. - On Holding (ONON) Rises Higher Than Market: Key Facts (Zacks) - Deckers Trends Show DTC, Global Demand and Premium Pricing Strength (Zacks)
Looking forward Forward P/E 22.52 vs trailing 38.93; PEG 0.31 signals valuation compression if growth slows. Analysts see 41.31% upside to target, but momentum remains weak (-28.31% over 12m).
This is not investment advice. Sideravia provides automated, data-driven analysis for information and education only. Nothing on this page is a personal recommendation or an invitation to buy or sell any security, and it does not consider your objectives or financial situation. Assessments are generated by rules applied uniformly to every covered stock — how our scores work.
Data as of 2026-09-04, compiled from third-party sources; errors and delays are possible and figures are not warranted. Investing puts your capital at risk; past performance does not predict future results. We publish our full track record, including the calls that lost, and our conflicts of interest.