ScoreWhy is On Holding AG ?
1
Company has a low Debt to Equity ratio (avg) at times
2
Healthy long term growth as Net Sales has grown by an annual rate of 297.65% and Operating profit at 231.00%
3
Positive results in Jun 25
- OPERATING CASH FLOW(Y) Highest at USD 465.59 MM
- RAW MATERIAL COST(Y) Fallen by -2.66% (YoY)
- INVENTORY TURNOVER RATIO(HY) Highest at 2.72 times
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to On Holding AG should be less than 10%
- Overall Portfolio exposure to Footwear should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Footwear)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is On Holding AG for you?
High Risk, Medium Return
Absolute
Risk Adjusted
Volatility
On Holding AG
-21.17%
0.17
51.07%
S&P 500
13.22%
0.65
20.20%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
297.65%
EBIT Growth (5y)
231.00%
EBIT to Interest (avg)
7.82
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.52
Sales to Capital Employed (avg)
1.49
Tax Ratio
8.64%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
70.11%
ROCE (avg)
26.58%
ROE (avg)
11.19%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
81
Industry P/E
Price to Book Value
11.59
EV to EBIT
64.57
EV to EBITDA
44.77
EV to Capital Employed
23.15
EV to Sales
6.37
PEG Ratio
1.39
Dividend Yield
NA
ROCE (Latest)
35.85%
ROE (Latest)
14.23%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
Mildly Bullish
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend13What is working for the Company
OPERATING CASH FLOW(Y)
Highest at USD 465.59 MM
RAW MATERIAL COST(Y)
Fallen by -2.66% (YoY
INVENTORY TURNOVER RATIO(HY)
Highest at 2.72 times
NET SALES(Q)
Highest at USD 907.06 MM
OPERATING PROFIT(Q)
Highest at USD 151.58 MM
OPERATING PROFIT MARGIN(Q)
Highest at 16.71 %
-20What is not working for the Company
INTEREST(Q)
Highest at USD 9.2 MM
PRE-TAX PROFIT(Q)
Lowest at USD -57.27 MM
NET PROFIT(Q)
Lowest at USD -49.52 MM
EPS(Q)
Lowest at USD -0.15
Here's what is working for On Holding AG
Operating Cash Flow
Highest at USD 465.59 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (USD MM)
Net Sales
Highest at USD 907.06 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Net Sales
At USD 907.06 MM has Grown at 26.81%
over average net sales of the previous four periods of USD 715.26 MMMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Operating Profit
Highest at USD 151.58 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (USD MM)
Operating Profit Margin
Highest at 16.71 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Inventory Turnover Ratio
Highest at 2.72 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Raw Material Cost
Fallen by -2.66% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at USD 39.23 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (USD MM)
Here's what is not working for On Holding AG
Pre-Tax Profit
At USD -57.27 MM has Fallen at -189.22%
over average net sales of the previous four periods of USD 64.18 MMMOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (USD MM)
Net Profit
At USD -49.52 MM has Fallen at -184.48%
over average net sales of the previous four periods of USD 58.61 MMMOJO Watch
Near term Net Profit trend is very negative
Net Profit (USD MM)
Interest
At USD 9.2 MM has Grown at 40.2%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Interest
Highest at USD 9.2 MM
in the last five periods and Increased by 40.2% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Pre-Tax Profit
Lowest at USD -57.27 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (USD MM)
Net Profit
Lowest at USD -49.52 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (USD MM)
EPS
Lowest at USD -0.15
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (USD)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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