ONON
Bullish signal
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Supports a bullish reading. Open-market purchases outweigh sales
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Financial indicators Supports a bullish reading. Current ratio 2.71 · operating margin 13%
- Narrative Supports a bullish reading. Stored narrative reading is in the bullish band
- Timing Unavailable or mixed. No stored price series
ACHAT TOTAL: 130000 titres (~3987581 USD)
- Insiders
- Bernhard OlivierCoppetti Caspar Felix
- Total bought
-
$3,987,581
Avg buy (VWAP, 90d window) $30.67 vs last close —
- Total sold
-
—
Avg sell (VWAP, 90d window) $27.74 vs last close —
- Last activity
- 2026-08-14
- Last synced
-
2026-08-21 23:36:53
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-09-08 | Maguire Scott Andrew | Sell | 1,475 | $27.74 | $40,919 | Form 4 |
| 2026-09-08 | Sluis Frank | Sell | 687 | $27.74 | $19,059 | Form 4 |
| 2026-08-14 | Bernhard Olivier | Buy | 65,000 | $30.67 | $1,993,790 | Form 4 |
| 2026-08-14 | Coppetti Caspar Felix | Buy | 65,000 | $30.67 | $1,993,790 | Form 4 |
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
Market snapshot
Signal
Bullish signalScored 2026-09-06
ONON presents a compelling insider cluster buy signal (~$4M) following a post-earnings 20% selloff, suggesting management conviction at depressed price levels, while solid fundamentals (low leverage, strong working…
The first sentence of the analysis written for ONON on 2026-09-06 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 62.8% | 60.6% | 59.6% | 56.0% | 59.4% | |
| Ebit Margin | 7.8% | 12.7% | 10.0% | 6.7% | -21.7% | |
| Ebitda Margin | 12.0% | 17.3% | 11.5% | 10.5% | -17.4% | |
| Operating Profit Margin | 12.5% | 9.1% | 10.1% | 7.0% | -19.5% | |
| Pretax Profit Margin | 6.8% | 12.1% | 3.9% | 6.4% | -22.0% | |
| Continuous Operations Profit Margin | 6.8% | 10.4% | 4.4% | 4.7% | -23.5% | |
| Net Profit Margin | 6.8% | 10.5% | 4.4% | 4.7% | -23.5% | |
| Bottom Line Profit Margin | 6.8% | 10.5% | 4.4% | 4.7% | -23.5% | |
| Current Ratio | 2.709 | 2.665 | 3.767 | 4.333 | 4.705 | |
| Quick Ratio | 2.129 | 2.030 | 2.601 | 2.703 | 4.051 | |
| Solvency Ratio | 0.263 | 0.352 | 0.205 | 0.252 | -0.358 | |
| Cash Ratio | 1.408 | 1.400 | 1.618 | 1.529 | 3.186 | |
| Price To Earnings Ratio | 62.484 | 70.024 | 89.995 | 88.102 | -62.673 | |
| Price To Earnings Growth Ratio | -3.697 | 0.381 | 2.314 | -0.664 | -0.122 | |
| Forward Price To Earnings Growth Ratio | -3.697 | 0.381 | 2.314 | -0.664 | -0.122 | |
| Price To Earnings Diluted Ratio | 63.561 | 70.024 | 89.995 | 88.102 | -62.673 | |
| Price To Earnings Diluted Growth Ratio | -3.471 | 0.381 | 2.314 | -0.664 | -0.122 | |
| Price To Book Ratio | 7.433 | 12.106 | 6.769 | 5.181 | 12.652 | |
| Price To Sales Ratio | 4.220 | 7.268 | 4.058 | 4.110 | 14.814 | |
| Price To Free Cash Flow Ratio | 47.979 | 37.811 | 39.334 | -16.203 | -556.181 | |
| Price To Operating Cash Flow Ratio | 37.631 | 32.997 | 31.335 | -22.128 | 635.165 | |
| Debt To Assets Ratio | 0.205 | 0.146 | 0.144 | 0.116 | 0.146 | |
| Debt To Equity Ratio | 0.356 | 0.250 | 0.213 | 0.165 | 0.213 | |
| Debt To Capital Ratio | 0.262 | 0.200 | 0.176 | 0.142 | 0.176 | |
| Long Term Debt To Capital Ratio | 0.002 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Financial Leverage Ratio | 1.737 | 1.708 | 1.483 | 1.426 | 1.457 | |
| Working Capital Turnover Ratio | 2.462 | 2.384 | 2.166 | 1.558 | 1.517 | |
| Operating Cash Flow Ratio | 0.445 | 0.773 | 0.759 | -0.935 | 0.082 | |
| Operating Cash Flow Sales Ratio | 0.112 | 0.220 | 0.130 | -0.186 | 0.023 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.784 | 0.873 | 0.797 | 1.366 | -1.142 | |
| Debt Service Coverage Ratio | 2.071 | 15.229 | 20.155 | 17.500 | -38.529 | |
| Interest Coverage Ratio | 12.740 | 8.887 | 16.753 | 13.738 | -39.856 | |
| Short Term Operating Cash Flow Coverage Ratio | 2.338 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Operating Cash Flow Coverage Ratio | 0.555 | 1.469 | 1.014 | -1.415 | 0.093 | |
| Capital Expenditure Coverage Ratio | 4.636 | 7.855 | 4.917 | -2.735 | 0.467 | |
| Dividend Paid And Capex Coverage Ratio | 4.636 | 7.855 | 4.917 | -2.735 | 0.467 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Enterprise Value Multiple | 33.846 | 40.680 | 33.966 | 37.421 | -81.574 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 62.8% | ▲2.2% | ▲3.1% |
| Ebit Margin | 7.8% | ▼-5.0% | ▲4.7% |
| Ebitda Margin | 12.0% | ▼-5.2% | ▲5.2% |
| Operating Profit Margin | 12.5% | ▲3.4% | ▲8.7% |
| Pretax Profit Margin | 6.8% | ▼-5.2% | ▲5.4% |
| Continuous Operations Profit Margin | 6.8% | ▼-3.7% | ▲6.2% |
| Net Profit Margin | 6.8% | ▼-3.7% | ▲6.2% |
| Bottom Line Profit Margin | 6.8% | ▼-3.7% | ▲6.2% |
| Current Ratio | 2.709 | ▲0.044 | ▼-0.927 |
| Quick Ratio | 2.130 | ▲0.100 | ▼-0.573 |
| Solvency Ratio | 0.263 | ▼-0.090 | ▲0.120 |
| Cash Ratio | 1.408 | ▲0.008 | ▼-0.420 |
| Price To Earnings Ratio | 62.484 | ▼-7.540 | ▲12.898 |
| Price To Earnings Growth Ratio | -3.697 | ▼-4.077 | ▼-3.339 |
| Forward Price To Earnings Growth Ratio | -3.697 | ▼-4.077 | ▼-3.339 |
| Price To Earnings Diluted Ratio | 63.561 | ▼-6.462 | ▲13.759 |
| Price To Earnings Diluted Growth Ratio | -3.471 | ▼-3.852 | ▼-3.159 |
| Price To Book Ratio | 7.433 | ▼-4.673 | ▼-1.395 |
| Price To Sales Ratio | 4.220 | ▼-3.048 | ▼-2.674 |
| Price To Free Cash Flow Ratio | 47.979 | ▲10.168 | ▲137.431 |
| Price To Operating Cash Flow Ratio | 37.631 | ▲4.633 | ▼-105.369 |
| Debt To Assets Ratio | 0.205 | ▲0.059 | ▲0.053 |
| Debt To Equity Ratio | 0.356 | ▲0.106 | ▲0.116 |
| Debt To Capital Ratio | 0.263 | ▲0.063 | ▲0.071 |
| Long Term Debt To Capital Ratio | 0.002 | ▲0.002 | ▲0.001 |
| Financial Leverage Ratio | 1.737 | ▲0.029 | ▲0.175 |
| Working Capital Turnover Ratio | 2.462 | ▲0.078 | ▲0.444 |
| Operating Cash Flow Ratio | 0.445 | ▼-0.328 | ▲0.220 |
| Operating Cash Flow Sales Ratio | 0.112 | ▼-0.108 | ▲0.052 |
| Free Cash Flow Operating Cash Flow Ratio | 0.784 | ▼-0.088 | ▲0.249 |
| Debt Service Coverage Ratio | 2.071 | ▼-13.158 | ▼-1.214 |
| Interest Coverage Ratio | 12.740 | ▲3.853 | ▲10.288 |
| Short Term Operating Cash Flow Coverage Ratio | 2.338 | ▲2.338 | ▲1.871 |
| Operating Cash Flow Coverage Ratio | 0.555 | ▼-0.914 | ▲0.212 |
| Capital Expenditure Coverage Ratio | 4.636 | ▼-3.219 | ▲1.608 |
| Dividend Paid And Capex Coverage Ratio | 4.636 | ▼-3.219 | ▲1.608 |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 |
| Enterprise Value Multiple | 33.846 | ▼-6.833 | ▲20.978 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $12.15B | $16.85B | $7.27B | $5.02B | $10.73B | |
| Enterprise value | $11.71B | $16.27B | $7.01B | $4.81B | $10.26B | |
| EV / Sales | 4.07x | 7.02x | 3.91x | 3.94x | 14.16x | |
| EV / Op. cash flow | 36.27x | 31.87x | 30.19x | -21.20x | 607.22x | |
| EV / Free cash flow | 46.24x | 36.52x | 37.90x | -15.52x | -531.71x | |
| EV / EBITDA | 33.85x | 40.68x | 33.97x | 37.42x | -81.57x | |
| Net debt / EBITDA | -1.27x | -1.44x | -1.29x | -1.64x | 3.75x | |
| Current ratio | 2.71x | 2.67x | 3.77x | 4.33x | 4.71x | |
| Income quality | 1.66x | 2.11x | 2.92x | -3.93x | -0.10x | |
| Graham number | $8 | $8 | $4 | $4 | — | |
| Graham net-net | $1 | $1 | $1 | $1 | $1 | |
| Tax burden | 99.3% | 86.7% | 115.2% | 74.1% | 106.6% | |
| Interest burden | 87.4% | 94.7% | 38.4% | 94.8% | 101.5% | |
| Working capital | $1.24B | $1.10B | $845.7M | $808.8M | $759.6M | |
| Invested capital | $1.94B | $1.61B | $1.22B | $1.11B | $1.03B | |
| Return on assets | 6.9% | 10.2% | 5.0% | 4.2% | -13.8% | |
| Operating ROA | 13.8% | 10.7% | 12.1% | 6.5% | -17.4% | |
| Return on tangible assets | 7.0% | 10.5% | 5.2% | 4.4% | -14.4% | |
| Return on equity | 11.9% | 17.4% | 7.4% | 6.0% | -20.1% | |
| Return on invested capital | 15.9% | 10.3% | 13.6% | 5.4% | -13.5% | |
| Return on capital employed | 17.0% | 12.3% | 14.0% | 7.5% | -13.7% | |
| Earnings yield | 1.6% | 1.4% | 1.1% | 1.1% | -1.6% | |
| Free cash flow yield | 2.1% | 2.6% | 2.5% | -6.2% | -0.2% | |
| Capex / Op. cash flow | 21.6% | 12.7% | 20.3% | -36.6% | 214.2% | |
| Capex / Depreciation | 57.2% | 62.1% | 72.7% | 178.9% | 115.3% | |
| Capex / Sales | 2.4% | 2.8% | 2.6% | 6.8% | 5.0% | |
| SG&A / Sales | 50.3% | 51.5% | 47.7% | 49.1% | 78.9% | |
| R&D / Sales | 0.0% | 0.0% | 0.5% | 0.0% | 0.0% | |
| Stock comp / Sales | 0.0% | 2.5% | 1.5% | 3.1% | 26.6% | |
| Intangibles / Total assets | 1.9% | 2.5% | 4.1% | 5.1% | 4.7% | |
| Days sales outstanding | 39d | 39d | 42d | 52d | 50d | |
| Days payables outstanding | 53d | 67d | 33d | 75d | 57d | |
| Operating cycle | 182d | 206d | 221d | 321d | 216d | |
| Cash conversion cycle | 129d | 140d | 188d | 246d | 160d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Valuation
Market cap ▼-27.9%EV / Sales ▼-42.1%EV / EBITDA ▼-16.8%EV / Op. cash flow ▲+4.402Earnings yield ▲+0.002Graham number ▼-0.011
Profitability
Return on equity ▼-0.055Return on assets ▼-0.033Return on invested capital ▲+0.056Return on capital employed ▲+0.047Operating ROA ▲+0.032Income quality ▼-0.448Tax burden ▲+0.126
Efficiency
Days sales outstanding ▲+0.023Days payables outstanding ▼-13.724Operating cycle ▼-24.265Cash conversion cycle ▼-10.541Capex / Sales ▼-0.004R&D / Sales n/a
Balance-sheet strength
Current ratio ▲+0.044Net debt / EBITDA ▲+0.172Working capital ▲+140106374.000Invested capital ▲+328898282.000Intangibles / Total assets ▼-0.005
Change over 5 years
Valuation
Market cap ▲+13.2%EV / Sales ▼-71.3%EV / EBITDA ▲+141.5%EV / Op. cash flow ▼-570.949Earnings yield ▲+0.032
Profitability
Return on equity ▲+0.320Return on assets ▲+0.206Return on invested capital ▲+0.294Return on capital employed ▲+0.307Operating ROA ▲+0.312Income quality ▲+1.759Tax burden ▼-0.074
Efficiency
Days sales outstanding ▼-11.251Days payables outstanding ▼-4.058Operating cycle ▼-34.315Cash conversion cycle ▼-30.258Capex / Sales ▼-0.026R&D / Sales n/a
Balance-sheet strength
Current ratio ▼-1.996Net debt / EBITDA ▼-5.025Working capital ▲+479806374.000Invested capital ▲+907909282.000Intangibles / Total assets ▼-0.027
Employee count
Peer market caps
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Recent news
- 2026-08-17 On Holding Founder and Co-CEO Caspar Coppetti Buys the Dip Coppetti''s open-market purchase at an average of $30.67 per share came as the stock traded near 12-month lows, signaling insider confidence in the Zurich-based footwear maker''s valuation.
- 2026-08-17 Here''s Why On Holding (ONON) is a Strong Growth Stock Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 2026-08-14 2 Stocks That Could Double by 2030 Amazon''s Prime-powered retail and booming cloud business should keep revenue growing and margins rising. On''s premium brand momentum is driving fast revenue growth and expanding operating margins.
- 2026-08-14 Breakfast News: Week in Review Nvidia turns financier, CAVA''s traffic sizzles, Berkshire ends its 3-year drought, and more
- 2026-08-13 ON Holding: Great Results, Greater Expectations (Rating Upgrade) ON Holding A G reported strong Q2 results but cut full-year revenue growth guidance from 23% to ~20%, triggering a 20% stock drop. I upgrade ONON from Sell to Hold, citing robust margin expansion and a net cash balance, but caution on slowing growth and high valuation. ONON''s DTC strategy boosted gross margin to 65.4% and net margin to 12.4%, but growth now relies heavily on APAC expansion.
- 2026-08-12 On Holding Analysts Slash Their Forecasts After Q2 Results On Holding AG (NYSE:ONON) on Tuesday reported mixed second-quarter financial results.
- 2026-08-12 Here Are Wednesday’s Top Wall Street Analyst Research Calls: The Gap, Genmab, Hilton Worldwide, Intuitive Surgical, Marriott International, Merck, Novo Nordisk, Okta, and More With all eyes locked on this morning''s CPI release and the Strait of Hormuz nearly shut down, Wall Street analysts are already repositioning across hospitality, pharma, and tech before the market even opens.
- 2026-08-11 Stock Market Today, Aug. 11: On Holding Stock Plunges on Worst Day Ever On Aug. 11, 2026, the premium running shoe maker''s stock tumbled 20% after reporting weaker-than-expected sales and slashing full-year growth targets.
- 2026-08-11 Nike, Lululemon, Deckers, and On Holding Have All Plunged. What''s the Best Buy of the Four? Ranking four leaders in the struggling footwear sector from worst to first.
- 2026-08-11 On Holding: Stay Long, This Is Not The Next Nike Fumble (Rating Downgrade) On Holding AG faces a sharp post-earnings selloff after lowering FY26 revenue growth guidance, now expecting ''low 20s'' percent growth. I downgrade ONON from Strong Buy to Buy, reflecting wholesale channel uncertainty, but maintain a bullish stance due to brand momentum and market share gains. Despite guidance cuts, ONON expects gross margins ≥65% and adjusted EBITDA margins of 19.5–20%, with direct-to-consumer growth offsetting wholesale weakness.