On Holding Ag (ONON) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
On Holding Ag (ONON) stock forecast summary
Our AI ranks On Holding Ag outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
On Holding Ag is a large-cap company with a market capitalization of $11.61B.
For ONON, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 48.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 26.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How ONON ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
On Holding Ag (ONON) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Rubber & Plastics Footwear peers listed below that report each metric. Statement values were filed in CHF and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
Valuation & Market
| Metric | ONON | Rank |
|---|---|---|
| Market Cap | $11.61B | – |
| Revenue/Share | $24.08 | – |
| FCF/Share | $3.47 | – |
Profitability & Margins
| Metric | ONON | Rank |
|---|---|---|
| ROE | 26.7% | – |
| ROA | 15.4% | – |
| ROIC | 34.5% | – |
| Gross Margin | 61.7% | – |
| Operating Margin | 11.0% | – |
| Net Margin | 6.6% | – |
| EBT Margin | 7.2% | – |
| Tax Rate | 9.2% | – |
Financial Health
| Metric | ONON | Rank |
|---|---|---|
| Current Ratio | 2.71x | – |
| Quick Ratio | 2.13x | – |
| Financial Leverage | 1.74x | – |
| Working Capital | $1.56B | – |
Cash Flow
| Metric | ONON | Rank |
|---|---|---|
| Operating Cash Flow | $1.38B | – |
| Free Cash Flow | $1.16B | – |
| Capital Spending | -$223M | – |
| OCF Growth YoY | 4408.4% | – |
| FCF Growth YoY | 0.0% | – |
| FCF/Sales | 14.4% | – |
| CapEx/Sales | 2.8% | – |
Operational Efficiency
| Metric | ONON | Rank |
|---|---|---|
| Asset Turnover | 2.35x | – |
| Inventory Turnover | 6.1x | – |
| Fixed Assets Turnover | 44.7x | – |
| Days Inventory | 60 days | – |
Income Statement
| Metric | ONON | Rank |
|---|---|---|
| Total Revenue | $8.05B | – |
| Operating Income | $882M | – |
| Net Income | $528M | – |
| R&D Expense | $33M | – |
| SG&A Expense | $4.08B | – |
| Cost of Goods Sold | $3.08B | – |
Dividend & Shareholder Information
| Metric | ONON | Rank |
|---|---|---|
| Shares Outstanding | 334M | – |
Balance Sheet Highlights (USD millions, converted from CHF)
| Total Current Assets | $2.48B | |
| Cash & Short-term Investments | $1.29B | |
| Inventory | $530M |
ONON quarterly financials and insider trading
On Holding Ag (ONON) industry peers
Companies classified under the same SEC industry code as On Holding Ag (Rubber & Plastics Footwear): 5 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
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On Holding Ag (ONON) stock news
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On Holding Ag (ONON) stock forecast FAQ
What is the On Holding Ag (ONON) stock forecast?
Our AI ranks On Holding Ag outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are On Holding Ag stock predictions?
For ONON, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 48.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 26.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are On Holding Ag forecasts updated?
On Holding Ag forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are On Holding Ag's industry peers?
5 issuers in our coverage, ONON included, share the SEC industry code Rubber & Plastics Footwear. The largest are: Nike, Inc. (NKE), Deckers Outdoor Corp (DECK), Crocs, Inc. (CROX), Silverton Energy, Inc. (SLTN).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.