Company Valuation: On Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 11,531 5,038 7,221 15,888 11,575 11,575 -
Change - -56.31% 43.33% 120.01% -27.15% 0% -
Enterprise Value (EV) 1 10,878 4,667 6,727 14,964 10,592 10,261 9,898
Change - -57.1% 44.13% 122.45% -29.22% -3.12% -3.53%
P/E ratio -53x 88.2x 90.8x 67.1x 63.4x 30.8x 24.1x
PBR 25.3x 4.62x 6.01x 11.7x 6.91x 5.46x 4.35x
PEG 0.5x -1x 2.3x 0x -2.4x 0x 0.9x
Capitalization / Revenue 15.9x 4.12x 4.03x 6.85x 3.86x 3.15x 2.59x
EV / Revenue 15x 3.82x 3.75x 6.45x 3.53x 2.8x 2.22x
EV / EBITDA 113x 28.2x 24.3x 38.6x 19.3x 15x 11.6x
EV / EBIT -77.1x 54.8x 37.3x 70.7x 29.3x 21.2x 15.8x
EV / FCF -1,414x -16.2x 35.5x 33.2x 44.8x 26.7x 19.8x
FCF Yield -0.07% -6.16% 2.81% 3.01% 2.23% 3.75% 5.05%
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 -0.65 0.18 0.25 0.74 0.5476 1.126 1.441
Distribution rate - - - - - - -
Net sales 1 724.6 1,222 1,792 2,318 2,998 3,670 4,466
EBITDA 1 96.43 165.3 276.9 387.6 549.7 682.5 854.2
EBIT 1 -141.1 85.1 180.2 211.6 361.6 483.3 628.1
Net income 1 -170.2 57.7 79.6 242.3 174.4 357.1 468.5
Net Debt 1 -653.1 -371 -494.6 -924.3 -983 -1,314 -1,676
Reference price 2 34.47 15.87 22.71 49.63 34.71 34.71 34.71
Nbr of stocks (in thousands) 334,542 317,517 317,979 320,120 333,506 333,506 -
Announcement Date 18/03/22 21/03/23 12/03/24 04/03/25 - - -
1CHF in Million2CHF
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
63.38x3.53x19.27x-.--% 15.11B
39.55x2.02x25.64x2.6% 93.32B
43.35x1.26x9.83x1.87% 33.13B
30.97x3.43x16.75x0.71% 18.33B
17.61x1.1x8x4.95% 2.9B
9.15x0.73x4.49x5.58% 1.81B
8.1x0.41x2.59x5.33% 1.5B
5.29x1.75x7.94x18.96% 1.07B
-78.79x0.5x6.89x0.8% 234M
Average 15.40x 1.64x 11.27x 4.53% 18.6B
Weighted average by Cap. 40.14x 2.11x 20.08x 2.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Equities
  3. ONON Stock
  4. Valuation On Holding AG