How to Buy On Holding Ag Stock
On Holding Ag
On Holding Ag is a shoe company located in Switzerland, which is part of the Consumer Cyclical sector, and is traded under the ticker ONON on the NYSE exchange.
On Holding Ag stock last closed at $32.36, down 0.61% from the previous day, and has decreased 3.72% in one year. It has underperformed other stocks in the Footwear & Accessories industry by 0.36 percentage points. On Holding Ag stock is currently +38.23% from its 52-week low of $23.41, and -12.73% from its 52-week high of $37.08.
There are currently 629.65M ONON shares outstanding. The market capitalization of ONON is $10.31B. In the last 24 hours, 2.02M ONON shares were traded.
How to Buy On Holding Ag Stock
Wondering how to invest in On Holding Ag stock? Here's how.
- Figure out where to buy On Holding Ag stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy On Holding Ag stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Evaluate On Holding Ag stock: The On Holding Ag ticker symbol is ONON. Is On Holding Ag stock a good investment? Should you buy shares of ONON? How do ONON's underlying business fundamentals look? Do top analysts think On Holding Ag is a good buy? Why has ONON's stock price moved recently? (Hint: Our stock market research website can help you figure out if ONON is a good stock to buy).
- Execute your ONON purchase: Decide if you will purchase ONON shares at the current market price or use a limit order to buy ONON shares at a given price.
- Keep tabs on your ONON position: Create a watchlist to keep tabs on your new investment in On Holding Ag stock.
Step 1: Figure out where to buy On Holding Ag stock
You need a brokerage account in order to access the NYSE market and buy ONON shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you are able to invest in ONON today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new brokerage account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on stock market app, you can securely and quickly fund your account:
Check out the video below if you need help transferring funds into your new brokerage account.
Step 4: Evaluate On Holding Ag stock
Once you have decided on the best place to buy On Holding Ag stock, it's very important to research their stock prior to buying, so you actually comprehend the risk and upside.
Overview of key ONON info
On Holding Ag Zen Score
WallStreetZen was designed to help part-time investors perform better fundamental analysis.
You can view all of the due diligence checks on ONON's stock page.
Is ONON stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ONON's true value.
Using relative valuations ratios:
- ONON could be overvalued based on its P/E ratio of 113.94x, relative to Footwear & Accessories industry P/E ratio of 29.5x
- ONON could be overvalued based on its P/B ratio of 8.44x, relative to Footwear & Accessories industry P/B ratio of 7.35x
- ONON may be overvalued based on its PEG ratio of 1.27x
You can access more valuation analysis on ONON's stock here.
Is ONON a healthy company?
Signs that ONON is financially healthy:
- ONON earnings of $65.68M is not sufficient to cover its interest payments.
- ONON's operating cash flow of $263.75M allows it to safely service it's debt of $276.93M.
- There are more short-term assets than short-term liabilities on the ONON balance sheet.
- There are more short-term assets than long-term liabilities on the ONON balance sheet.
Signs that ONON is not financially healthy:
- ONON profit margin has gone down from 4.7% to 4.4% in the past year.
- ONON has a relatively high debt to equity ratio of 0.48.
Is it a good time to buy On Holding Ag stock, according to Wall Street analysts?
Out of 11 Wall Street analysts who research ONON, the consensus analyst rating on ONON is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest ONON Analyst Recommendations
Joseph Civello, a bottom 32% analyst from Truist Securities maintains ONON with a hold rating and raises their ONON price target from $29.00 to $30.00, on Mar 13, 2024.
Truist Securities's Joseph Civello raised their price target on On Holding Ag (NYSE: ONON) by 3.4% from $29 to $30 on 2024/03/13. The analyst maintained their Hold rating on the stock.
Civello's price target move was in response to On Holding Ag's Q4 and FY 2023 earnings, reported on 2024/03/12.
Focusing their analysis on management's outlook, the analyst noted that "the FY 2024 revenue guidance was short of the "lofty" consensus expectation, and given the "significantly" softer Q1 revenue guide, the FY 2024 forecast is far more 2H-weighted than the Street had been looking form."
Nevertheless, Civello told investors that Truist Securities "remains positive on the brand's momentum and long-term opportunities" but, near term, sees " balanced risk/reward."
Earnings Report
On Holding reported:
For Q4 2023:
- Loss per share of CHF 0.01, which was flat against Q4 2022’s (CHF 0.01).
- Revenue of CHF 447.1M, which beat Q4 2022’s CHF 366.8M by 21.9%.
For FY 2023:
- EPS of CHF 0.02, which was flat against FY 2022’s CHF 0.02.
- Revenue of CHF 1.79B, which beat FY 2022’s CHF 1.22B by 46.6%.
Management guided, on a constant currency basis:
For Q1 2024:
- Revenue of CHF 495M.
For FY 2024:
- Revenue of at least CHF 2.25B.
- Adjusted EBITDA margin of 16% to 16.5%.
- Net sales compound annual growth rate of 26% through 2026.
Co-CEO and CFO Martin Hoffmann commented: “On our journey towards building the most premium global sportswear brand, 2023 was another exceptional year.
“We achieved outstanding 55% constant currency net sales growth while bringing efficiency and profitability to new heights and driving the highest positive cash flow in our history.
“We enter 2024 with a lot of tailwind and opportunities in all parts of the business.
“The demand for the On brand remains very strong.
“Exciting product launches and big brand moments are in the making.
“We have more capabilities to execute on our strategic plan than ever before - from Retail to Apparel, from Ecom to Operations.”
Co-Founder and Executive Co-Chairman David Allemann commented: “We are proud to look back at a year filled with milestones that highlight On's unique position in the market.
“Fueled by athlete successes, including Hellen Obiri becoming the first woman in 34 years to win both the Boston and New York City marathons in the same year, we witnessed our running products soar to new heights in 2023.
“While our portfolio is deeply rooted in our commitment to innovation, catering first to athletes and runners, we recognize the wider opportunities for On in the evolving sports and fashion landscape.
“As we look to further expand our presence in the global premium sportswear market, we have put a big emphasis on building awareness for our apparel offering.
“Based on the recent success, new and updated products and supported by our own retail store rollout, we expect to significantly build this category over the next years."
Anna Andreeva, a bottom 2% analyst from Needham reiterates ONON with a buy rating and maintains their ONON price target from $40.00 to $40.00, on Mar 13, 2024.
John Kernan, a top 9% analyst from TD Cowen maintains ONON with a buy rating and raises their ONON price target from $35.00 to $36.00, on Mar 12, 2024.
Tom Nikic, a top 19% analyst from Wedbush maintains ONON with a buy rating and raises their ONON price target from $33.00 to $38.00, on Mar 8, 2024.
Jonathan Komp, a top 14% analyst from Baird maintains ONON with a buy rating and raises their ONON price target from $35.00 to $38.00, on Mar 8, 2024.
You can dive deeper into what analysts are forecasting on the On Holding Ag stock forecast page.
ONON Momentum
ONON Performance Numbers
Last year, ONON earnings were $90.45M. In the last one years, ONON's earnings have increased by 53.61% per year. This was faster than the Footwear & Accessories industry average of 12.34%.
Last year, ONON revenue was $2.04B. Over the last four year, ONON's revenue has gone up by 66.83% per year. This was faster than the Footwear & Accessories industry average of 10.76%.
You can analyze ONON's earnings and revenue performance here.
Who is buying/selling ONON?
In the past year, executives and large shareholders at ONON have not bought or sold any shares.
Dig into more about who owns ONON shares here.
Can I get consistent income from ONON stock?
No, On Holding Ag doesn't provide an income stream by paying out dividends.
What others are saying about ONON
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your ONON purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, place a limit order.
Hit the Open button and eToro will place the order.
If you want additional info about investing in stocks on eToro, click the how to video below:
Step 6: Keep tabs on your ONON position
Now that you own some ONON shares, you'll want to stay up-to-date on your investment.
Make a watchlist to get the latest updates about your ONON stock.
ONON Feed
How to Buy Stock in On Holding Ag
To summarize, here are the 6 steps to buy stock in On Holding Ag:
- Figure out where to buy On Holding Ag stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Evaluate On Holding Ag stock
- Execute your ONON purchase
- Keep tabs on your ONON position
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in On Holding Ag, create your watchlist below.
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