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Stock impact report

On Holding: A Strong Business, But A Mispriced Stock [Seeking Alpha]

On Holding AG Class A Ordinary Shares (ONON) 
Company Research Source: Seeking Alpha
ONON delivered record revenue (CHF 3B), gross margin (62.8%), and adjusted EBITDA (CHF 567M), with robust DTC and Asia-Pacific growth. Valuation is attractive at 13x EV/forward EBITDA and 3x forward sales, with scenario analysis supporting a fair value in the high $40s. Key catalysts include Q1'26 earnings under new co-CEOs, Asia-Pacific expansion, and scaling of LightSpray manufacturing technology. Edwin Tan/E+ via Getty Images Why The Recent Selloff Deserves a Closer Look On Holding ( ONON fell roughly 27% in the last year, even with the business delivering strong growth. The Swiss athletic footwear company was founded in Show less Read more
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