Professional
Added to YB: 2025-10-09
Pitch date: 2025-09-30
UHR.SW [neutral]
The Swatch Group AG
+12.13%
current return
Author Info
No bio for this author
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 150.10
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
value
East72 Dynasty Trust Portfolio Holding: The Swatch Group AG
UHR.SW (holding update): World's #2 watch manufacturer trades 75% below 2013 highs at 32% discount to CHF221 NTA. Swiss production overhead strategy hurt by China demand collapse & CHF strength, causing EBIT to fall from CHF1.19bn (2023) to CHF68mn (H1 2025). Bull case: CHF4bn property portfolio, inventory margin of safety, potential China recovery, brand revitalization opportunities like Breguet/Blancpain, buyback capacity. Bear case: US 39% tariffs, continued China weakness, family control limits options.
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