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
-11.74%
0.31
50.77%
S&P 500
17.45%
0.70
20.15%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
314.08%
EBIT Growth (5y)
279.37%
EBIT to Interest (avg)
7.82
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.52
Sales to Capital Employed (avg)
1.52
Tax Ratio
8.64%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
76.42%
ROCE (avg)
26.58%
ROE (avg)
11.19%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
94
Industry P/E
Price to Book Value
8.04
EV to EBIT
38.56
EV to EBITDA
27.65
EV to Capital Employed
15.59
EV to Sales
4.20
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
40.43%
ROE (Latest)
8.60%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Sideways
Moving Averages
Mildly Bearish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
Mildly Bullish
No Trend
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend23What is working for the Company
INTEREST COVERAGE RATIO(Q)
Highest at 1,938.27
RAW MATERIAL COST(Y)
Fallen by -8.64% (YoY
INVENTORY TURNOVER RATIO(HY)
Highest at 2.86 times
DEBTORS TURNOVER RATIO(HY)
Highest at 8.41 times
NET SALES(Q)
Highest at USD 992.73 MM
OPERATING PROFIT(Q)
Highest at USD 196.2 MM
OPERATING PROFIT MARGIN(Q)
Highest at 19.76 %
PRE-TAX PROFIT(Q)
Highest at USD 148.21 MM
NET PROFIT(Q)
Highest at USD 148.58 MM
EPS(Q)
Highest at USD 0.44
-5What is not working for the Company
INTEREST(Q)
Highest at USD 10.12 MM
Here's what is working for On Holding AG
Pre-Tax Profit
At USD 148.21 MM has Grown at 289.19%
over average net sales of the previous four periods of USD 38.08 MMMOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (USD MM)
Net Profit
At USD 148.58 MM has Grown at 293.79%
over average net sales of the previous four periods of USD 37.73 MMMOJO Watch
Near term Net Profit trend is very positive
Net Profit (USD MM)
Interest Coverage Ratio
Highest at 1,938.27
in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Net Sales
Highest at USD 992.73 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Net Sales
At USD 992.73 MM has Grown at 26.48%
over average net sales of the previous four periods of USD 784.87 MMMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Operating Profit
Highest at USD 196.2 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (USD MM)
Operating Profit Margin
Highest at 19.76 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at USD 148.21 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (USD MM)
Net Profit
Highest at USD 148.58 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (USD MM)
EPS
Highest at USD 0.44
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (USD)
Inventory Turnover Ratio
Highest at 2.86 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Debtors Turnover Ratio
Highest at 8.41 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Raw Material Cost
Fallen by -8.64% (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 40.24 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
Interest
Highest at USD 10.12 MM
in the last five periods and Increased by 10.13% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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