On Holding AG

ONON: XNYS (USA)

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On Holding: Shares Still Undervalued After Investor Day Plan Brings 6% Fair Value Estimate Increase

David Swartz

Sep 24, 2026

On Holding held an investor day at which it laid out its roadmap for the next three years in terms of marketing, product development (including new categories), and channel growth. Its 2029 financial targets include CHF 5.6 billion in sales, a 65% gross margin, and a 22% EBITDA margin.

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On Holding AG

On Holding: Shares Still Undervalued After Investor Day Plan Brings 6% Fair Value Estimate Increase

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