On Holding AG

Fundamentals7.0
Price Action5.0
News Sentiment7.0
AI Rating
6.0

Key Drivers

  • Margin Expansion
  • Strong Liquidity
  • Rich Valuation

AI
AI Summary

6.0

ONON has evolved from a pure growth story into a premium-margin, operating-leverage business, but with the stock still trading at ~56x earnings the key investment question is whether it can keep scaling revenue and normalize cash conversion fast enough to justify the multiple as U.S. growth cools and the chart remains fragile above support.

GrowthOpportunity
TechnicalSetup‍

Price Chart

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Financial Metrics

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Revenue (TTM)
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Net Income (TTM)
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EPS (Q)
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MCAP

Deep Analysis

Research tool. Not personalized advice.

Fundamental Analysis

7.0

Key Financial Insights:

  • Margin Expansion
  • Strong Liquidity
  • Rich Valuation

ONON shows strong and improving margins, solid liquidity, and manageable leverage, but its high valuation and uneven cash conversion make it a quality story rather than a cheap one.

quality
expensive

Price Behavior

5.0
Research tool. Not personalized advice. Technical analysis is for informational purposes only.

Key Price Behavior Insights:

  • Support holding
  • Resistance cap
  • Lower highs

ONON looks more like it's basing than trending, with buyers defending $35.1–$35.5 but rallies still capped near $37.0–$37.1; a move back above $37.1 could target $38.0–$39.2, while a break below $35.4 would weaken the setup.

support
capped
Support Level: $35.1–$35.5
Resistance Level: $37.0–$37.1

Rebounded from $35.14 after the late-June washout, hinting at short-term stabilization

Sentiment & News

7.0

Key News Insights:

  • Premium branding
  • Strong Q1 growth
  • Mixed price action

On Holding is gaining traction as a premium growth story, with strong Q1 2026 results, bullish analyst sentiment, and rising investor interest offsetting some late-June volatility.

growth
bullish

The news is overall supportive for ONON, reinforcing a positive long-term growth narrative despite near-term trading swings