On Holding Stock: Driving Growth Through Expansion And Innovation (NYSE:ONON)

Oleg Breslavtsev/Moment via Getty Images Thesis On Holding AG (NYSE:ONON) is successfully expanding into new categories and experiencing robust growth in its core markets. The company operates in an attractive industry with significant barriers to entry and ample room for growth with its move of expansion into running. The company is still in an early period of its growth phase, and from here on, can continue to grow. The company's robust new-product pipeline and greater economies of scale are key to driving market-share gains, while maximizing margin. The company is trading at a lower end of its valuation multiple over…