Professional
Added to YB: 2024-01-08
Pitch date: 2024-01-08
ONON [bullish]
On Holding AG
+68.93%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$10.9B
Pitch Price
$28.29
Price Target
35.00 (-28%)
Dividend
N/A
EV/EBITDA
22.42
P/E
49.54
EV/Sales
3.61
Sector
Textiles, Apparel and Luxury Goods
Category
growth
On Holding AG (ONON - Outperform) Bullish Fresh Pick
ONON: Booming global sportswear brand targeting $70B+ market. Low US/UK awareness but sees 46% '23 rev growth, 15% EBITDA margin (+250bp). '24 pipeline: 25%+ growth, higher margins. By '26: 26%+ CAGR to CHF3.55B+, 18%+ EBITDA, 60%+ gross margin. Risks: Supply chain, competition, expansion, sustainability goals.
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