Added to YB: 2024-03-14
Pitch date: 2024-03-12
ONON [bullish]
On Holding AG
+10.21%
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
$30.55
Price Target
43.26 (+28%)
Dividend
N/A
EV/EBITDA
17.23
P/E
45.24
EV/Sales
2.85
Sector
Textiles, Apparel and Luxury Goods
Category
growth
$ONON: Unlocking the Potential of an Undervalued Gem
ONON: Crushed under $30, but 30% upside in '24. Currency hit temp but boosts buying power. Stellar YoY growth at +46.6%, nearing 60% gross margin, outpacing $NKE. Optimistic +30% growth FY24 guidance, surpassing 26% CAGR goal. Olympics exposure may bolster brand. Healthy, expanding sector, undervalued buy. Adding to portfolios.
Read full article (3 min)