Added to YB: 2024-09-11
Pitch date: 2024-09-09
WOSGF [bullish]
Watches of Switzerland Group PLC
+35.14%
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 4.96
Price Target
9.78 (+46%)
Dividend
N/A
EV/EBITDA
5.37
P/E
16.34
EV/Sales
0.86
Sector
Specialty Retail
Category
value
Deep Dive: Watches of Switzerland Group
WOSGF: Luxury watch retailer, strong UK/US presence. Q4 rev +4%, US +14%. Expanding showrooms, pre-owned success. CEO Duffy driving growth (16% CAGR). Risks: macro, Rolex-Bucherer deal. 10yr forecast: 3% Y1, 10% Y2-10. Fair value £9.78, 2x current. PE 9x vs. historical high. Beta 2.16, <5% portfolio allocation.
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