Professional
Added to YB: 2024-09-17
Pitch date: 2024-09-16
WOSG.L [bullish]
Watches of Switzerland Group PLC
+26.78%
current return
Author Info
Sweet Stocks is a former portfolio manager at an international small cap fund who shares pitches for international equities. Sign up for his blog.
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 3.91
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.37
P/E
16.34
EV/Sales
0.86
Sector
Specialty Retail
Category
value
Watches of Switzerland – time for the US
WOSG.L: Leading Rolex retailer in UK/US, trading at 9.4x P/E. Strong US growth & ROIC, weaker UK/EU investments. Peers show higher margins, suggesting no over-earning. Risks: Rolex concentration post-Bucherer deal, downgrade cycle. Valuation attractive if estimates met, but downside risks remain.
Read full article (16 min)