Added to YB: 2025-06-17
Pitch date: 2025-06-13
UHR.SW [neutral]
The Swatch Group AG
+22%
current return
Author Info
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Company Info
The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide.
Market Cap
CHF 7.9B
Pitch Price
CHF 134.55
Price Target
N/A
Dividend
2.99%
EV/EBITDA
12.50
P/E
N/A
EV/Sales
1.08
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Activist Targets Swatch
UHR.SW (activist update): Watchmaking conglomerate (owns Omega, Longines, Breguet) at net-net valuation (0.6x P/B, 8.8x EV/EBITDA). Activist Greenwood owns 0.5%, pushing six-point brand revival plan. Struggles under 2nd-gen family control: 4% ROE/margins, negative FCF, CHF7bn inventory bloat. Hayek family (>50% ownership) rejected board seat request, betting on China recovery.
Read full article (4 min)