ON HOLDING AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 42.9 USD | -1.67% |
|
+1.66% | +59.07% |
| Jun. 11 | Bernstein Initiates On Holding With Outperform Rating, $50 Price Target | MT |
| Jun. 11 | Analyst recommendations: Manpowergroup, Nvidia, Micron, On Holding, Confluent... |  |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Capitalization 1 | 11,538 | 5,036 | 12,229 | 12,229 | - |
| Enterprise Value (EV) 1 | 10,885 | 4,665 | 6,718 | 11,420 | 11,222 |
| P/E ratio | -53.1 x | 88.1 x | 90.7 x | 51.4 x | 46.1 x |
| Yield | - | - | - | - | - |
| Capitalization / Revenue | 15.9 x | 4.12 x | 4.02 x | 5.3 x | 4.18 x |
| EV / Revenue | 15 x | 3.82 x | 3.75 x | 4.95 x | 3.84 x |
| EV / EBITDA | 113 x | 28.2 x | 24.3 x | 30.3 x | 22.2 x |
| EV / FCF | -1,415 x | -16.2 x | 35.5 x | 191 x | 75.3 x |
| FCF Yield | -0.07% | -6.16% | 2.82% | 0.52% | 1.33% |
| Price to Book | 25.3 x | 4.61 x | 6 x | 8.42 x | 6.64 x |
| Nbr of stocks (in thousands) | 334,542 | 317,517 | 318,759 | 318,759 | - |
| Reference price 2 | 34.49 | 15.86 | 38.36 | 38.36 | 38.36 |
| Announcement Date | 3/18/22 | 3/21/23 | 3/12/24 | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 724.6 | 1,222 | 1,792 | 2,306 | 2,923 |
| EBITDA 1 | - | 96.43 | 165.3 | 276.9 | 377 | 505.2 |
| EBIT 1 | - | -141.1 | 85.1 | 180.2 | 251.9 | 362.7 |
| Operating Margin | - | -19.47% | 6.96% | 10.06% | 10.93% | 12.41% |
| Earnings before Tax (EBT) 1 | - | -159.6 | 77.9 | 69.1 | 316.7 | 333.9 |
| Net income 1 | -27.52 | -170.2 | 57.7 | 79.6 | 222.3 | 275.6 |
| Net margin | - | -23.49% | 4.72% | 4.44% | 9.64% | 9.43% |
| EPS 2 | -129.5 | -0.6500 | 0.1800 | 0.2500 | 0.7462 | 0.8322 |
| Free Cash Flow 1 | - | -7.693 | -287.3 | 189.3 | 59.85 | 149 |
| FCF margin | - | -1.06% | -23.51% | 10.56% | 2.6% | 5.1% |
| FCF Conversion (EBITDA) | - | - | - | 68.36% | 15.87% | 29.5% |
| FCF Conversion (Net income) | - | - | - | 237.81% | 26.92% | 54.08% |
| Dividend per Share 2 | - | - | - | - | - | - |
| Announcement Date | 6/4/21 | 3/18/22 | 3/21/23 | 3/12/24 | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 218 | 191.1 | 235.7 | 291.7 | 328 | 366.8 | 420.2 | 444.3 | 480.5 | 453.2 | 497.8 | 561.7 | 632.7 |
| EBITDA 1 | 37.93 | 11.2 | 15.71 | 31.42 | 56.34 | 61.8 | 61 | 62.7 | 81.3 | 66.32 | 75.8 | 86.29 | 110.3 |
| EBIT 1 | 23.88 | -354.9 | 3.371 | 26.34 | 40.69 | 14.7 | 42.3 | 39.4 | 57.8 | 44.77 | 52.48 | 59.53 | 81.47 |
| Operating Margin | 10.95% | -185.72% | 1.43% | 9.03% | 12.4% | 4.01% | 10.07% | 8.87% | 12.03% | 9.88% | 10.54% | 10.6% | 12.88% |
| Earnings before Tax (EBT) 1 | 18.19 | -191 | 19.37 | 58.19 | 24.75 | -24.4 | 51.5 | -6.7 | 69.3 | 40.03 | 54.03 | 58.15 | 82.77 |
| Net income 1 | 12.99 | -187 | 14.34 | 49.15 | 20.63 | -26.4 | 44.4 | 3.3 | 58.7 | 29.62 | 38.98 | 41.91 | 59.97 |
| Net margin | 5.96% | -97.84% | 6.09% | 16.85% | 6.29% | -7.2% | 10.57% | 0.74% | 12.22% | 6.54% | 7.83% | 7.46% | 9.48% |
| EPS 2 | 0.0450 | -0.6600 | 0.0400 | 0.1500 | 0.1500 | -0.0800 | 0.1400 | 0.0100 | 0.2000 | 0.0919 | 0.1198 | 0.1500 | 0.2050 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/16/21 | 3/18/22 | 5/17/22 | 8/16/22 | 11/16/22 | 3/21/23 | 5/16/23 | 8/15/23 | 11/14/23 | - | - | - | - |
1CHF in Million2CHF
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | - | 653 | 371 | 495 | 809 | 1,007 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -7.69 | -287 | 189 | 59.9 | 149 |
| ROE (net income / shareholders' equity) | - | 6.56% | 8.88% | 11% | 19.4% | 19.5% |
| ROA (Net income/ Total Assets) | - | 4.43% | 6.16% | 7.56% | 12.2% | 14.8% |
| Assets 1 | - | -3,841 | 936.2 | 1,054 | 1,823 | 1,866 |
| Book Value Per Share 2 | - | 1.360 | 3.440 | 3.780 | 4.550 | 5.780 |
| Cash Flow per Share 2 | - | 0.0600 | -0.8000 | 0.8100 | 0.3800 | 0.5800 |
| Capex 1 | - | 24.6 | 60.3 | 42.8 | 85.3 | 108 |
| Capex / Sales | - | 3.4% | 4.93% | 2.39% | 3.7% | 3.71% |
| Announcement Date | 6/4/21 | 3/18/22 | 3/21/23 | 3/12/24 | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
38.36
CHF
Average target price
37.16
CHF
Spread / Average Target
-3.14%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +59.07% | 13.67B | |
| +23.15% | 43.72B | |
| +109.30% | 10.71B | |
| -9.14% | 4.85B | |
| -4.57% | 3.11B | |
| +12.02% | 1.63B | |
| +21.90% | 1.15B | |
| -3.00% | 761M | |
| -27.26% | 746M | |
| +2.12% | 382M |
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- ONON Stock
- Financials On Holding AG
