Professional
Added to YB: 2026-02-05
Pitch date: 2026-01-30
ONON [bullish]
On Holding AG
-25.18%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$9.1B
Pitch Price
$45.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.23
P/E
45.24
EV/Sales
2.85
Sector
Textiles, Apparel and Luxury Goods
Category
growth
Unison Asset Management Porfolio Holding: On Holding AG
ONON (new position): Premium sportswear brand w/ 85% Vietnam production hit by supply chain fears, down 15% despite raising revenue/margin/EBITDA guidance 3x in 2025. Cloud 6 strong demand, pricing power intact, commitment to full-price selling protects brand equity. APAC +100% YOY 4 consecutive qtrs, 25-30% global awareness, only 40-50% wholesale door penetration. Trading 10% discount to Nike P/E despite Nike's complex turnaround vs On's clean inventory & accelerating growth.
Read full article (2 min)