Professional
Added to YB: 2025-08-14
Pitch date: 2025-08-08
UHR.SW [neutral]
The Swatch Group AG
+37.6%
current return
Author Info
GreenWood Investors is a bottom-up, mostly long, concentrated and constructivist global investment firm focused on areas of pessimism, structural inefficiencies and low competition. Sign up for the newsletter.
Company Info
The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components in Switzerland, rest of Europe, Greater China, rest of Asia, America, Oceania, and Africa.
Market Cap
CHF 9.5B
Pitch Price
CHF 142.15
Price Target
N/A
Dividend
2.44%
EV/EBITDA
14.91
P/E
3.2K
EV/Sales
1.34
Sector
Textiles, Apparel and Luxury Goods
Category
special_situation
GreenWood Investors Portfolio Holding: The Swatch Group AG
UHR.SW (holding update): Luxury watchmaker trading at half of tangible book value (net-net valuation), heavily shorted. GreenWood secured board seat with 61.9% bearer shareholder vote despite Hayek family resistance. Gen Z 2-4x more likely to buy mechanical watches. Company needs governance reform, fresh perspectives amid multi-decade revenue/share price lows. Premium brands have immense potential.
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