Added to YB: 2024-08-09
Pitch date: 2024-08-07
WOSG.L [bullish]
Watches of Switzerland Group PLC
+30.77%
current return
Author Info
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Company Info
Watches of Switzerland Group PLC operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States.
Market Cap
GBP 878.4M
Pitch Price
GBP 3.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.37
P/E
16.34
EV/Sales
0.86
Sector
Specialty Retail
Category
growth
THESIS WATCHES OF SWITZERLAND $WOSG
WOSG.L: Luxury watch retailer, 87% from watches, 55% Rolex. Expanding in US (56 stores), 8% mkt share. Pre-owned watch biz growing. Strong brand relationships. 17-20% ROIC. CEO owns 3%. Risks: UK/China slowdown, Rolex-Bucherer deal. Plan to double sales/EBIT in 5yrs. Trading at 10-11x FCF, potential 6-8x next year.
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