ONON On Holding AG

neutral SHIFT track record → $36.25 +0.03 (+0.1%)
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Mkt Cap $12B P/E 48.4 fwd 18.2 52wk $31.41 - $61.29 Earnings 2026-05-12 4h ago
Insider selling: $731,222 sold by 6 insiders (30d)
Est. revisions: -0.3% (1 up, 5 down in 30d)
Factor Model (net -2.1)

Factor Model

net -2.1 5.3 / 10
Est. Revisions
+0.0
Insider Activity
+0.0
Momentum
-0.6
Analyst Rev.
-0.9
Narrative Gap
-0.5

On Holding projects 23% revenue growth in 2026

Watch: Upcoming Q1 2026 results to confirm if growth momentum over 30% can continue and offset macro headwinds.

On Holding shares fell 22.19% over the past year despite a 13.71% gain in the last month. Management expects 23% foreign-exchange-neutral revenue growth for 2026, backed by over 30% revenue growth in Q4 2025. The company faces foreign exchange headwinds and recent management changes.

Sustained strong revenue growth guidance amid headwinds signals resilience, but forex pressures and management shifts temper optimism.

Evidence

Fundamentals & Data ▾
On Holding AG Consumer Cyclical · Footwear & Accessories
Mkt Cap
$12B
P/E
48.4 fwd 18.2
Beta
2.23
52w Range
$31.41 - $61.29
Short Interest
14.7M 5.95%
Days to Cover
1.7 +3%
Technicals mixed
vs 20d MA
+6.2%
from 52w Hi
-8.2%
Vol (20d)
69%
1w return
+3.3%
1m return
-8.2%
Vol ratio
0.5x
Insiders
selling 0B / 5S
EPS Estimate
$0.27 -0.3% 30d 1up / 5dn
Est. Dispersion
26% 12 analysts
Analyst Target
$56 $24 - $86
Options P/C
0.65
Fund Convergence
strong Citadel, D.E. Shaw, Renaissance, Bridgewater
Financials
Revenue
$744M +23% YoY
FCF
$84M
Gross Margin
64%
Op Margin
11%
Momentum: decelerating
Top Holders
Citadel $307M
D.E. Shaw $132M
Renaissance $9M
Bridgewater $3M
Recent Filings & Data
insider trade 12
net selling · $731,222 sold
6 insiders · 12 transactions (30d)
Recent transactions
HOFFMAN MARTIN · sell · $139,377
HOFFMAN MARTIN · sell · $134,075
HOFFMAN MARTIN · exercise · $779,294
BANSE AMY L · award
DURKIN DENNIS M · award
MIELE LAURA KAREN · award
PEREZ ALEXANDRE MBA · award
HELMERSSON HELENA · award
HOFFMAN MARTIN · sell · $165,129
HOFFMAN MARTIN · exercise · $936,000
HOFFMAN MARTIN · sell · $140,911
HOFFMAN MARTIN · sell · $151,730
5 signals · latest 4h ago

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