ON HOLDING AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32.79 USD | +2.66% |
|
+3.83% | +21.58% |
| Apr. 16 | Check out these 5 fast-growing companies |  |
| Apr. 16 | William Blair Initiates On Holding AG at Outperform Rating | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Capitalization 1 | 11,538 | 5,036 | 9,561 | 9,561 | - |
| Enterprise Value (EV) 1 | 10,885 | 4,665 | 7,213 | 8,933 | 8,793 |
| P/E ratio | -53.1 x | 88.1 x | 90.7 x | 52.3 x | 38.4 x |
| Yield | - | - | - | - | - |
| Capitalization / Revenue | 15.9 x | 4.12 x | 4.02 x | 4.21 x | 3.34 x |
| EV / Revenue | 15 x | 3.82 x | 4.02 x | 3.93 x | 3.07 x |
| EV / EBITDA | 113 x | 28.2 x | 26 x | 24.2 x | 18 x |
| EV / FCF | -1,415 x | -16.2 x | 96.6 x | 80.5 x | 44.2 x |
| FCF Yield | -0.07% | -6.16% | 1.04% | 1.24% | 2.26% |
| Price to Book | 25.3 x | 4.61 x | 8.36 x | 7.25 x | 5.88 x |
| Nbr of stocks (in thousands) | 334,542 | 317,517 | 318,759 | 318,759 | - |
| Reference price 2 | 34.49 | 15.86 | 29.99 | 29.99 | 29.99 |
| 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 | 2,270 | 2,864 |
| EBITDA 1 | - | 96.43 | 165.3 | 276.9 | 369.2 | 489.3 |
| EBIT 1 | - | -141.1 | 85.1 | 180.2 | 254.7 | 352.6 |
| Operating Margin | - | -19.47% | 6.96% | 10.06% | 11.22% | 12.31% |
| Earnings before Tax (EBT) 1 | - | -159.6 | 77.9 | 69.1 | 241.1 | 332.6 |
| Net income 1 | -27.52 | -170.2 | 57.7 | 79.6 | 186.3 | 256.4 |
| Net margin | - | -23.49% | 4.72% | 4.44% | 8.21% | 8.95% |
| EPS 2 | -129.5 | -0.6500 | 0.1800 | 0.2500 | 0.5740 | 0.7807 |
| Free Cash Flow 1 | - | -7.693 | -287.3 | 94.2 | 110.9 | 198.9 |
| FCF margin | - | -1.06% | -23.51% | 5.24% | 4.89% | 6.94% |
| FCF Conversion (EBITDA) | - | - | - | 34.74% | 30.04% | 40.65% |
| FCF Conversion (Net income) | - | - | - | 71.58% | 59.53% | 77.56% |
| 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 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 218 | 191.1 | 235.7 | 291.7 | 328 | 366.8 | 420.2 | 444.3 | 480.5 | 447.1 | 496.9 | 556.2 | 620.7 | 589.3 | 635.5 |
| EBITDA 1 | 37.93 | 11.2 | 15.71 | 31.42 | 56.34 | 61.8 | 61 | 62.7 | 81.3 | 71.9 | 76.28 | 83.66 | 109.6 | 99.73 | 106.3 |
| EBIT 1 | 23.88 | -354.9 | 3.371 | 26.34 | 40.69 | 14.7 | 42.3 | 39.4 | 57.8 | 40.8 | 51.59 | 56.94 | 82.73 | 65.16 | 70.62 |
| Operating Margin | 10.95% | -185.72% | 1.43% | 9.03% | 12.4% | 4.01% | 10.07% | 8.87% | 12.03% | 9.13% | 10.38% | 10.24% | 13.33% | 11.06% | 11.11% |
| Earnings before Tax (EBT) 1 | 18.19 | -191 | 19.37 | 58.19 | 24.75 | -24.4 | 51.5 | -6.7 | 69.3 | -45 | 53.29 | 56.53 | 79.6 | 66.9 | 68.73 |
| Net income 1 | 12.99 | -187 | 14.34 | 49.15 | 20.63 | -26.4 | 44.4 | 3.3 | 58.7 | -26.8 | 39.94 | 43.31 | 61.33 | 49.2 | 53.46 |
| Net margin | 5.96% | -97.84% | 6.09% | 16.85% | 6.29% | -7.2% | 10.57% | 0.74% | 12.22% | -5.99% | 8.04% | 7.79% | 9.88% | 8.35% | 8.41% |
| EPS 2 | 0.0450 | -0.6600 | 0.0400 | 0.1500 | 0.1500 | -0.0800 | 0.1400 | 0.0100 | 0.2000 | -0.0800 | 0.1210 | 0.1278 | 0.1950 | 0.1341 | 0.1350 |
| 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 | 3/12/24 | - | - | - | - | - |
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 | 461 | 628 | 768 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -7.69 | -287 | 94.2 | 111 | 199 |
| ROE (net income / shareholders' equity) | - | 6.56% | 8.88% | 13.6% | 17.8% | 20.1% |
| ROA (Net income/ Total Assets) | - | 4.43% | 6.16% | 8.29% | 11.4% | 14.6% |
| Assets 1 | - | -3,841 | 936.2 | 1,588 | 1,639 | 1,760 |
| Book Value Per Share 2 | - | 1.360 | 3.440 | 3.590 | 4.140 | 5.100 |
| Cash Flow per Share 2 | - | 0.0600 | -0.8000 | 0.2900 | 0.1600 | 0.2500 |
| Capex 1 | - | 24.6 | 60.3 | 62.2 | 90.8 | 113 |
| Capex / Sales | - | 3.4% | 4.93% | 3.46% | 4% | 3.96% |
| 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
OUTPERFORM
Number of Analysts
21
Last Close Price
29.99
CHF
Average target price
32.25
CHF
Spread / Average Target
+7.54%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.58% | 10.45B | |
| -13.31% | 142B | |
| +51.86% | 7.71B | |
| -8.00% | 4.87B | |
| +0.54% | 3.3B | |
| +14.74% | 1.64B | |
| +36.89% | 1.25B | |
| -19.02% | 872M | |
| -11.61% | 688M | |
| +6.60% | 398M |
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- Financials On Holding AG
