Is On Holding Stock a Good Investment?
On Holding Investment Advice | ONON |
- Examine On Holding's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research On Holding's leadership team and their track record. Good management can help On Holding navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Textiles, Apparel & Luxury Goods space and any emerging trends that could impact On Holding's business and its evolving consumer preferences.
- Compare On Holding's performance and market position to its competitors. Analyze how On Holding is positioned in terms of product offerings, innovation, and market share.
- Check if On Holding pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about On Holding's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in On Holding stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if On Holding is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine On Holding Stock
Researching On Holding's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 26.0% of the company outstanding shares are owned by corporate insiders. The company has Price/Earnings To Growth (PEG) ratio of 1.2. On Holding had not issued any dividends in recent years.
To determine if On Holding is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding On Holding's research are outlined below:
| On Holding had very high historical volatility over the last 90 days | |
| On Holding is unlikely to experience financial distress in the next 2 years | |
| About 61.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: On Holding AG price target raised to 33 from 26, retains hold rating |
On Holding Quarterly Gross Profit |
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On Holding uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in On Holding. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to On Holding's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 19th of March 2024 Upcoming Quarterly Report | View | |
| 21st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 19th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact On Holding's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises On Holding's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2021-11-16 | 2021-09-30 | 0.05 | 0.04 | -0.01 | 20 | ||
2023-03-21 | 2022-12-31 | 0.02 | -0.0415 | -0.0615 | 307 | ||
2024-05-14 | 2024-03-31 | 0.16 | 0.3199 | 0.1599 | 99 | ||
2024-03-12 | 2023-12-31 | 0.11 | -0.06 | -0.17 | 154 | ||
2023-05-16 | 2023-03-31 | -0.15 | 0.14 | 0.29 | 193 | ||
2022-03-18 | 2021-12-31 | 0.02 | -0.6 | -0.62 | 3100 |
On Holding Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. ONON target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. On Holding's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 20 | Strong Buy |
Most ONON analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand ONON stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of On Holding, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationOn Holding Target Price Projection
On Holding's current and average target prices are 36.42 and 36.57, respectively. The current price of On Holding is the price at which On Holding is currently trading. On the other hand, On Holding's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On On Holding Target Price
On Holding Analyst Ratings
On Holding's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about On Holding stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of On Holding's financials, market performance, and future outlook by experienced professionals. On Holding's historical ratings below, therefore, can serve as a valuable tool for investors.Know On Holding's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as On Holding is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading On Holding backward and forwards among themselves. On Holding's institutional investor refers to the entity that pools money to purchase On Holding's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | T. Rowe Price Associates, Inc. | 2023-12-31 | 2.8 M | Pictet Asset Manangement Sa | 2023-12-31 | 2.7 M | Man Group Plc | 2023-12-31 | 2.4 M | Norges Bank | 2023-12-31 | 2.1 M | Goldman Sachs Group Inc | 2023-12-31 | 2.1 M | Jennison Associates Llc | 2024-03-31 | 2 M | Allspring Global Investments Holdings, Llc | 2023-12-31 | 1.7 M | Ubs Group Ag | 2023-12-31 | 1.7 M | Capital Research Global Investors | 2023-12-31 | 1.7 M | Fmr Inc | 2023-12-31 | 28.4 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 17.8 M |
On Holding's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 11.63 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate On Holding's market, we take the total number of its shares issued and multiply it by On Holding's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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On Holding's profitablity analysis
On Holding's profitability indicators refer to fundamental financial ratios that showcase On Holding's ability to generate income relative to its revenue or operating costs. If, let's say, On Holding is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, On Holding's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of On Holding's profitability requires more research than a typical breakdown of On Holding's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.05 | 0.05 | |
| Return On Capital Employed | 0.13 | 0.14 | |
| Return On Assets | 0.05 | 0.05 | |
| Return On Equity | 0.07 | 0.08 |
Determining On Holding's profitability involves analyzing its financial statements and using various financial metrics to determine if On Holding is a good buy. For example, gross profit margin measures On Holding's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of On Holding's profitability and make more informed investment decisions.
The data published in On Holding's official financial statements usually reflect On Holding's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of On Holding. For example, before you start analyzing numbers published by ONON accountants, it's critical to develop an understanding of what On Holding's liquidity, profitability, and earnings quality are in the context of the Textiles, Apparel & Luxury Goods space in which it operates.
Please note, the presentation of On Holding's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, On Holding's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in On Holding's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of On Holding. Please utilize our Beneish M Score to check the likelihood of On Holding's management manipulating its earnings.
Evaluate On Holding's management efficiency
On Holding has return on total asset (ROA) of 0.0755 % which means that it generated a profit of $0.0755 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0779 %, meaning that it created $0.0779 on every $100 dollars invested by stockholders. On Holding's management efficiency ratios could be used to measure how well On Holding manages its routine affairs as well as how well it operates its assets and liabilities. As of the 16th of May 2024, Return On Tangible Assets is likely to grow to 0.05. Also, Return On Capital Employed is likely to grow to 0.14. At this time, On Holding's Asset Turnover is very stable compared to the past year.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 3.37 | 3.54 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 3.17 | 3.33 | |
| Enterprise Value Over EBITDA | 30.13 | 31.64 | |
| Price Book Value Ratio | 6.67 | 6.34 | |
| Enterprise Value Multiple | 30.13 | 31.64 | |
| Price Fair Value | 6.67 | 6.34 | |
| Enterprise Value | 6.9 B | 9.2 B |
The analysis of On Holding's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze On Holding's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of ONON Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 2.172 |
Basic technical analysis of ONON Stock
As of the 16th of May 2024, On Holding owns the standard deviation of 3.54, and Market Risk Adjusted Performance of 1.21. Compared to fundamental indicators, the technical analysis model allows you to check helpful technical drivers of On Holding, as well as the relationship between them. Strictly speaking, you can use this information to find out if the company will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for On Holding, which can be compared to its peers in the sector. Please check On Holding standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if On Holding is priced some-what accurately, providing market reflects its prevailing price of 36.42 per share. Given that On Holding has jensen alpha of 0.3393, we recommend you to check out On Holding's latest market performance to make sure the company can sustain itself in the future.Understand On Holding's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing On Holding's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0744 | |||
| Market Risk Adjusted Performance | 1.21 | |||
| Mean Deviation | 2.38 | |||
| Semi Deviation | 2.48 | |||
| Downside Deviation | 2.63 | |||
| Coefficient Of Variation | 946.22 | |||
| Standard Deviation | 3.54 | |||
| Variance | 12.51 | |||
| Information Ratio | 0.08 | |||
| Jensen Alpha | 0.3393 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1076 | |||
| Treynor Ratio | 1.2 | |||
| Maximum Drawdown | 15.71 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 4.63 | |||
| Downside Variance | 6.92 | |||
| Semi Variance | 6.14 | |||
| Expected Short fall | (2.90) | |||
| Skewness | 1.93 | |||
| Kurtosis | 9.77 |
| Risk Adjusted Performance | 0.0744 | |||
| Market Risk Adjusted Performance | 1.21 | |||
| Mean Deviation | 2.38 | |||
| Semi Deviation | 2.48 | |||
| Downside Deviation | 2.63 | |||
| Coefficient Of Variation | 946.22 | |||
| Standard Deviation | 3.54 | |||
| Variance | 12.51 | |||
| Information Ratio | 0.08 | |||
| Jensen Alpha | 0.3393 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1076 | |||
| Treynor Ratio | 1.2 | |||
| Maximum Drawdown | 15.71 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 4.63 | |||
| Downside Variance | 6.92 | |||
| Semi Variance | 6.14 | |||
| Expected Short fall | (2.90) | |||
| Skewness | 1.93 | |||
| Kurtosis | 9.77 |
Consider On Holding's intraday indicators
On Holding intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of On Holding stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
On Holding Corporate Filings
6K | 14th of May 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 12th of March 2024 Other Reports | ViewVerify | |
13A | 13th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
ONON Stock media impact
Far too much social signal, news, headlines, and media speculation about On Holding that are available to investors today. That information is available publicly through ONON media outlets and privately through word of mouth or via ONON internal channels. However, regardless of the origin, that massive amount of ONON data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of On Holding news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of On Holding relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to On Holding's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive On Holding alpha.
On Holding Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards On Holding can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
On Holding Historical Investor Sentiment
Investor biases related to On Holding's public news can be used to forecast risks associated with an investment in ONON. The trend in average sentiment can be used to explain how an investor holding ONON can time the market purely based on public headlines and social activities around On Holding. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
On Holding's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for On Holding and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average On Holding news discussions. The higher the estimate score, the more favorable the investor's outlook on On Holding.
On Holding Maximum Pain Price across 2024-05-17 Option Contracts
On Holding's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of On Holding close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of On Holding's options.
Be your own money manager
Our tools can tell you how much better you can do entering a position in On Holding without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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On Holding Corporate Management
Elected by the shareholders, the On Holding's board of directors comprises two types of representatives: On Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ONON. The board's role is to monitor On Holding's management team and ensure that shareholders' interests are well served. On Holding's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, On Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gerald Marolf | Chief Officer | Profile | |
| Alex Griffin | Head Marketing | Profile | |
| Narek Verdian | Chief Officer | Profile | |
| Olivier Bernhard | CoFounder Director | Profile | |
| Caspar Coppetti | CoFounder CoChairman | Profile | |
| Christina Stender | Head Sales | Profile | |
| Noa PerryReifer | Chief Officer | Profile |
How to buy ONON Stock?
To provide specific investment advice or recommendations on On Holding stock, we recommend investors consider the following general factors when evaluating On Holding. This will help you to make an informed decision on whether to include On Holding in one of your diversified portfolios:- Examine On Holding's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research On Holding's leadership team and their track record. Good management can help On Holding navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Textiles, Apparel & Luxury Goods space and any emerging trends that could impact On Holding's business and its evolving consumer preferences.
- Compare On Holding's performance and market position to its competitors. Analyze how On Holding is positioned in terms of product offerings, innovation, and market share.
- Check if On Holding pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about On Holding's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in On Holding stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if On Holding is a good investment.
Already Invested in On Holding?
The danger of trading On Holding is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of On Holding is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than On Holding. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile On Holding is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether On Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of On Holding's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of On Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on On Holding Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in On Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in ONON Stock, please use our How to Invest in On Holding guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for ONON Stock analysis
When running On Holding's price analysis, check to measure On Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy On Holding is operating at the current time. Most of On Holding's value examination focuses on studying past and present price action to predict the probability of On Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move On Holding's price. Additionally, you may evaluate how the addition of On Holding to your portfolios can decrease your overall portfolio volatility.
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Is On Holding's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of On Holding. If investors know ONON will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about On Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.809 | Earnings Share 0.28 | Revenue Per Share 5.621 | Quarterly Revenue Growth 0.219 | Return On Assets 0.0755 |
The market value of On Holding is measured differently than its book value, which is the value of ONON that is recorded on the company's balance sheet. Investors also form their own opinion of On Holding's value that differs from its market value or its book value, called intrinsic value, which is On Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because On Holding's market value can be influenced by many factors that don't directly affect On Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between On Holding's value and its price, as these two are different measures arrived at by various means. Investors typically determine if On Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, On Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.