ON Holding AG vs Steel Dynamics Inc. — how do they compare? ON Holding AG trades at $34.1 (market cap $11.10B), while Steel Dynamics Inc. trades at $234.34 (market cap $33.55B). The key difference: Steel Dynamics Inc. is far larger — about 3× ON Holding AG's market cap, and Steel Dynamics Inc. pays a 0.91% dividend while ON Holding AG pays none. Which is the better fit depends on your goals — on Pluang, investors hold ON Holding AG for 22 Days and Steel Dynamics Inc. for 0 Days on average.
| ONON | STLD | |
|---|---|---|
Market Cap | $11.10B | $33.55B |
Volume | 8,202,649 | 579,785 |
Sector | Consumer Cyclical | Basic Materials |
52-Week High | $50.63 | $282.76 |
52-Week Low | $26.76 | $141.23 |
Typical Hold Time | 22 Days | 0 Days |
Enterprise Value | $10.26B | $37.17B |
Dividend Yield | — | 0.91% |
Signals from Pluang's Aura AI — not financial advice
ONON trades at $33.22, up 0.27% with a bullish technical outlook supported by moving averages. The company demonstrates strong fundamentals with Q2 2026 EPS beating expectations at $0.44 vs. $0.42, maintaining a three-quarter beat streak. Recent investor day announcements include a $1 billion buyback program and ambitious 2029 targets of CHF 5.6B in sales with 22% EBITDA margins, driving positive sentiment.
The stock offers growth potential with 74% analyst buy ratings and a $42.26 consensus target, representing 27% upside. Key risks include elevated valuation multiples (P/E 23.41, P/S 5.52) and competitive pressure in footwear. Strong cash flow generation ($359.5M operating cash flow in 2025) supports the buyback and expansion plans.
No Aura AI signal available yet.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
Latest headlines on both assets
ON Holding AG is a Swiss sports company primarily known for its high-performance running shoes, apparel, and accessories under the 'On' brand. The company emphasizes a blend of high-end design, proprietary cloud technology (like CloudTec cushioning), and sustainability in its products. On has rapidly gained market share globally, appealing to both competitive athletes and general consumers in the performance and lifestyle footwear segments.
Read more on ONON →Steel Dynamics produces steel, processes recycled metals, and provides steel-fabrication services. Its operations use recycled scrap as a key input and also include aluminum products.
Read more on STLD →