ONON

$42.92

Public overview and default valuation.

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Valuation Details
Default assumptions: 10Y forecast, 9% market return, 2.5% terminal growth, 12.00% trendline growth.
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$30.59

With 20% Margin of Safety (MoS):

$24.47
▼ -42.98% downside
Capital Efficiency
Average Quarterly ROIC
12.54%
Cost of Capital (estimated)8%
Value StatusCreating Value

The company is earning a higher return on invested capital than it costs to raise that capital — a sign of strong, efficient value creation.

Complete historical ROIC is available with
.
Fundamental Score
67
BullishWeighted across 6 signals
DCF Discount
43.0% premium to price
0
FCF Yield
4.4% trailing FCF yield
60
ROIC vs WACC
ROIC 12.5% vs WACC 8.0% (1.6x)
78
Net Debt / FCF
Net cash position
100
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
161.1% 5Y FCF CAGR
100
Strengths: ROIC vs WACC, Net Debt / FCF. Concerns: DCF Discount.
Narrative Score
48
Weak
Weighted across 4 recent drivers · Last 30 daysVs 6-Month Baseline: Below Avg (28th pct)
Trend: StableConfidence: 89%Updated: 3h ago
Sources: 66 (News 46 · Analyst 20)
Drivers
8 regulatory scrutiny-0.3
38 news sentiment+0.1
Analyst downgrades-0.0
19 analyst reiterations0.0
Other Metrics
P/E63.9
Profit Margin7.8%
Owner Earnings$533.87m
One Dollar Premise0.00%
Debt/Equity0.74
Current Ratio2.63
PEG0.736
Free Cash Flow (in millions)
201920202021202220232024
$5$5$68-$185$359$623
How Intrinziq Estimates Fair Value

Intrinziq estimates On Holding AG's intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

On Holding AGConsumer Cyclical

On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

Last updated: Feb 06, 2026
Data sources: Financial Modeling Prep
This valuation is based on assumptions and publicly available data. It is not financial advice or a recommendation to buy or sell any security. Always do your own research before making investment decisions.