What is On Holding AG's (ONON) StockRank?

MoatMap's StockRank for On Holding AG (ONON) is 53/100, with a Hold signal. This is a composite score combining Quality (74), Value (18), and Momentum (55) factor ranks across MoatMap's 20,000+ stock universe.

Does On Holding AG have an economic moat?

On Holding AG (ONON) has a Quality factor score of 74/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is On Holding AG a buy, hold, or sell?

MoatMap's current signal for On Holding AG (ONON) is Hold, based on a StockRank of 53/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is On Holding AG in?

On Holding AG (ONON) operates in the Consumer Cyclical sector, specifically the Footwear & Accessories industry (Switzerland).

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ONON

HOLD

On Holding AG · Consumer Cyclical · Switzerland · $11.9B · Avg Vol: $165M/d

StockRank

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P/E (TTM)

40.1x

ROE

15.5%

D/E

0.3x

Dividend %

—

COMPANY DESCRIPTION

On Holding AG designs and distributes high-performance athletic footwear, apparel, and accessories, primarily known for its patented CloudTec cushioning technology. The Swiss brand commands premium pricing and high brand loyalty through a selective wholesale distribution strategy and a rapidly growing direct-to-consumer channel. It operates as a high-growth disruptor in the global premium running and lifestyle footwear market.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR	TTM	2026E	2027E	Fwd CAGR
Revenue	1.5B	2.2B	2.9B	3.7B	35.1%	3.9B	4.4B	5.3B	19.2%
EPS	0.22	0.31	0.93	0.77	51.0%	0.94	1.35	—	76.8%
Shares	316.5M	318.8M	323.8M	331.0M	+4.6%	300.8M	—	—	—
Debt	198.1M	282.9M	429.4M	644.2M	48.1%	669.4M	—	—	—
Equity	1.2B	1.3B	1.7B	2.0B	19.0%	—	—	—	—
Op CF	-280.4M	286.7M	630.8M	444.1M	24.5%	495.0M	—	—	—
Inv CF	-102.4M	-58.2M	-80.2M	-97.1M	—	—	—	—	—
Fin CF	7.8M	-26.9M	-68.4M	-97.0M	—	—	—	—	—

Loading 1Y...

PRICE (1Y)-8.6%

SMA 50SMA 200

$35.82

RSI (14)

44.6

52W High

$52.41

From 52W High

0.7%

SCORE BREAKDOWN

Quality

ROIC

10.8%64.1

ROE

15.5%75.8

GP/Assets

86.8%94.0

Op. Margin

14.1%80.8

FCF/Assets

10.5%83.2

Piotroski

653.7

Int. Cover

10.4x52.9

D/E Ratio

0.31x62.3

Current Ratio

2.98x83.8

Value

P/E (TTM)

40.1x16.7

EV/EBITDA

20.8x17.3

P/FCF

40.2x18.8

P/B

4.6x15.5

P/S

3.3x14.4

Div Yield

—N/A

Momentum

52W High %

68%39.6

RS 6M

-31%31.2

SMA 50/200

0.92x36.4

EPS Rev 4W

+0.4%90.9

EPS Rev 12W

—N/A

EPS Improve

+128%76.3

Q Growth

82%83.4

FUNDAMENTALS

Market Cap

$11.9B

P/E (Forward)

17.5x

Gross Margin

63.9%

SECTOR PEERS

Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of ONON are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
ONON	On Holding AG(you)	$11.9B	53	HOLD
APTV	Aptiv PLC	$12.0B	51	HOLD
UHRN.SW	The Swatch Group AG	$12.9B	59	HOLD
AMC.AX	Amcor plc	$19.7B	51	HOLD
SIGN.SW	SIG Group AG	$6.2B	35	HOLD
VGNT	Versigent PLC	$3.0B	56	HOLD
0QNG.L	Jungfraubahn Holding AG	$2.3B	49	HOLD
AVOL.SW	Avolta AG	$7.8B	87	STRONG BUY
CFR.JO	Compagnie Financière Richemont SA	$136.5B	63	HOLD
AUTN.SW	Autoneum Holding AG	$797M	64	HOLD

Peer medians: ROE 4.7% · P/E 34.4x · Gross margin 59.0%

Price	$35.82
Market Cap	$11.9B
P/E (TTM)	40.05
P/E (Forward)	17.54
Price/Book	4.61
Return on Equity	15.5%
Return on Invested Capital	10.8%
Debt/Equity	0.31x
Gross Margin	63.9%
Operating Margin	14.1%
Revenue Growth	14.5%
Free Cash Flow	$297M