Added to YB: 2024-12-09
Pitch date: 2024-09-30
ONON [bullish]
On Holding AG
-32.79%
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
$50.10
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
Polen Capital International Growth Strategy New Position: On Holding AG
ONON: Premium Swiss sports footwear brand with global presence in 60 countries. High-growth potential in large market, driven by limited SKUs and premium pricing. 25% sales and 30% earnings CAGR expected for next 3 years. Future growth from apparel, owned stores, and China expansion, each potentially >10% of sales.
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