ONONONON
US • —
$35.42
P/E
47.42
PEG
2.52
FCF Yield
—
Rev Growth YoY
+23.0% YoY
Gross Margin
63.9%
Health Score
8/10
D/E Ratio
0.32
Confidence
LOW
Business Snapshot
On Holding AG (ONON) is a Swiss sportswear company known for its technically innovative running shoes and athletic apparel, leveraging proprietary technology like CloudTec cushioning to differentiate itself in the performance footwear market. The company operates in the highly competitive global athletic footwear and apparel industry, positioning itself as a premium challenger brand with a strong focus on performance, design, and sustainability. Its market cap is not available for this analysis, but based on its revenue trajectory, the company operates at a significant scale. The defining characteristic of On is its ability to command a premium price point and strong brand loyalty, driven by a community-centric marketing approach and continuous product innovation.
Financial Health
On Holding demonstrates a robust financial structure with a gross margin of 63.9% and a net margin of 8.0%. The gross margin, a figure not compared to a prior year but high for the sector, suggests strong pricing power and efficient cost management...
Risk Assessment
- VALUATION — P/E of 47.42x is more than double the sector average of 22x, leaving little room for error if growth slows.
- EARNINGS QUALITY — The company missed earnings estimates in 1 of the last 4 quarters, a credible but not flawless track record.
- TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed.
- FCF / CASH BURN — Free cash flow and FCF yield data are unavailable, preventing a full assessment of cash generation quality....
On Holding demonstrates a robust financial structure with a gross margin of 63.9% and a net margin of 8.0%. The gross margin, a figure not compared to a prior year but high for the sector, suggests strong pricing power and efficient cost management. The balance sheet is conservative and healthy, with a Debt/Equity ratio of just 0.32x, indicating very low leverage, and a Current Ratio of 2.71x, which provides ample liquidity to cover short-term obligations. Free cash flow data is not available for this analysis; however, the strong operating margins and low debt suggest a high-quality, cash-generative business model. For an investor, this implies a low risk of financial distress and significant capacity for reinvestment into growth initiatives without the need for dilutive financing.
- VALUATION — P/E of 47.42x is more than double the sector average of 22x, leaving little room for error if growth slows. - EARNINGS QUALITY — The company missed earnings estimates in 1 of the last 4 quarters, a credible but not flawless track record. - TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed. - FCF / CASH BURN — Free cash flow and FCF yield data are unavailable, preventing a full assessment of cash generation quality.
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