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TickerTalks›$ONON
ONONON

On Holding AG

Strong FundamentalsStrong FundamentalsRevenue growing 17% YoYStreet coverage with positive forward estimatesConsistent chatter on X (502/wk), no spike
$ONON·$9.1B·Apparel - Footwear & Accessories·Consumer Cyclical
$29.55-1.5%YTD-36.9%1Y-32.2%
Price updated 5h ago·X counts updated 2d ago
ONONON
$ONONOn Holding AG
$29.55-1.50%502 posts0.9×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $ONON on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

502X posts · last 7 days
Sep 12Sep 27
Chatter Meter
0.9×
QuietNormal · 1×Loud

How loud $ONON's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Bullish sentimentAI analysisGenerated by AI from underlying data6 posts analyzed · as of 2026-09-16

On Holding is drawing dip buyers with the stock ~50% off the 2025 high but still growing revenue 21.6% and DTC 34.3% last quarter. Forward P/E is 15.2x versus a 52x mean, PEG 0.63, ROIC 17.1%. Bulls also lay out an emerging racquet-sports growth engine anchored by Roger Federer's early stake and Ben Shelton's historic US Open win at 3:33 a.m., drawing the Nike-into-basketball analogy. No bear voice.

Read what X is saying about $ONON

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $ONON — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Comeback attemptWinding up for a moveAI verdict · as of 2026-09-28

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

On Holding is 50% off the 2025 high with a $1B buyback plan and real growth — the tape has stopped believing what the fundamentals still show.

On Holding is the Swiss premium-footwear brand that spent 2024-25 as one of the hottest apparel stocks — up until this year, when the multiple compressed by nearly 3x while revenue kept growing 20%+. Management just announced a CHF 5.6B 2029 revenue target plus a $1B buyback and expansion into football and golf, with racquet-sports already anchored by Roger Federer and Ben Shelton's US Open win.

  • The growth is unambiguously real: last quarter revenue printed $1.05B — up 21.6% year over year, with DTC up 34.3% — and analysts see revenue moving from ~$3.5B this year to $4.9B by 2028 with EPS climbing from $1.42 to $2.09.
  • The valuation is finally reasonable: 15x forward earnings versus a 52x historical mean, PEG of 0.63 and 17% ROIC — GARP-friendly for a brand this early in its category expansion.
  • The insider tape is neutral: only routine director awards in September, and the $1B buyback authorization is the real capital-allocation signal — management is stepping in where the market won't.

November 11 earnings and any color on Q4 DTC trajectory plus racquet-sports adoption decides the next leg — a re-affirmed FY guide with buyback execution visible restarts the tape and probably runs $10 higher fast; a soft DTC print or a wholesale-inventory flag is what breaks the coil the wrong way.

Agrees with X sentimentAgrees with the dip-buying frame — the 15x forward P/E and 21.6% revenue growth are legit, and the racquet-sports flywheel (Federer stake + Shelton US Open win) is the kind of specific brand-adjacency story that made Nike's basketball expansion work — but the crowd should size for a name that lost 50% from a high, not one at all-time highs.

What to watch: November 11 earnings — Q4 DTC growth trajectory, racquet-sports adoption color, and buyback execution pace; a re-affirmed FY with buyback execution visible restarts the tape, a soft DTC print or wholesale-inventory flag breaks the coil down.

On the calendar: 2026-11-11 — Q3 earnings

Read the AI verdict on $ONON

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Swiss performance sportswear brand selling CloudTec running shoes and apparel through DTC and wholesale channels globally with rapid revenue growth.

Industry overviewAI analysisGenerated by AI from underlying data

Where Apparel - Footwear & Accessories sits in its cycle right now — and what that implies for $ONON.

Apparel - Footwear & Accessories · Consumer Cyclical

No material change from last week — Legacy sportswear incumbents losing structural share as Nike hits a 12-year price low on China weakness and S&P 100 demotion.

What this means for $ONON

Partial — Swiss performance sportswear brand selling CloudTec running shoes and apparel through DTC and wholesale channels globally with rapid revenue growth.

Industry benchmark

6-name peer basket
-17.6%YTD
-12.2%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
32.5How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
16.9%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
13.4%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
3.7%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
2.7Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
15.9%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
63.9%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.3Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 11, 2026$0.44$0.42+4.7%
Q1 2026May 12, 2026$0.47$0.34+39.6%
Q4 2025Mar 3, 2026$0.31$0.26+19.2%
Q3 2025Nov 12, 2025$0.50$0.33+53.7%
Next earningsWed, Nov 11·consensus EPS $0.47

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$850.5M+17.0%64.2%14.1%$0.32$6.5M
Q4 FY25$738.1M+21.7%63.9%11.1%$0.21$80.1M
Q3 FY25$794.4M+24.9%65.7%15.7%$0.36$136.8M
Q2 FY25$749.2M+32.0%61.5%12.4%$-0.12$83.8M

Forward consensus

4-year forecast · up to 23 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$3.5B$2.9B – $3.6B$1.42$1.41 – $1.4422
FY27$4.2B$4.0B – $4.4B$1.69$1.60 – $1.7323
FY28$4.9B$4.4B – $5.2B$2.09$1.80 – $2.3417
FY29$5.7B$5.1B – $5.9B$2.41$2.12 – $2.5313

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.8×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.13%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-6.2%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-22.8%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellSep 8Maguire Scott AndrewCOO1.5K sh$41KSellSep 8Frank SluisCFO687 sh$19KBuyAug 14Olivier BernhardExecutive Officer65.0K sh$2.0MBuyAug 14Coppetti Caspar FelixCEO65.0K sh$2.0MSellJun 8Maguire Scott AndrewCOO1.5K sh$55KBuyMay 14Olivier BernhardExecutive Officer60.0K sh$2.2MBuyMay 14Allemann David MichaelCEO60.0K sh$2.2MBuyMay 14Coppetti Caspar FelixCEO60.0K sh$2.2MSellApr 27Martin HoffmannCEO4.2K sh$149KSellApr 20Martin HoffmannCEO4.2K sh$152K
1–10 of 12
+ 19 other (11 awards · 5 inkinds · 3 exempts) in window

See when $ONON insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

3New insider — initial holdingsMay 73
3New insider — initial holdingsMay 73
+ 10 other (5 6-Ks · 5 13Gs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

On Holding's Premium Store Expansion Strengthens Consumer Connectionszacks.com·2d agoOn Holding (ONON) Stock Sinks As Market Gains: Here's Whyzacks.com·4d agoOn Targets CHF 5.6B by 2029, Unveils Football, Golf and $1B Buyback Planmarketbeat.com·5d agoOn Holding vs. Boot Barn: Which Footwear Stock Looks Better Placed?zacks.com·5d agoON (NYSE:ONON) Sees Unusually-High Trading Volume – Time to Buy?defenseworld.net·6d ago

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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