Added to YB: 2024-09-24
Pitch date: 2024-09-24
WOSG.L [bullish]
Watches of Switzerland Group PLC
+20.43%
current return
Author Info
No bio for this author
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 4.07
Price Target
8.00 (+63%)
Dividend
N/A
EV/EBITDA
5.37
P/E
16.34
EV/Sales
0.86
Sector
Specialty Retail
Category
growth
Watches of Switzerland (WOSG.L)
WOSG.L: UK luxury watch retailer, 55% revenue from Rolex, 40% UK market share. 19.2% 10yr rev CAGR, 14.1% 5yr ROIC. US expansion opportunity (30% annual growth, underpenetrated market). 9.4x P/E, 10-11x FCF. Risks: Rolex dependence, market slowdown, US execution. Management projects doubling sales/EBIT in 5yrs. 3yr PT £7.50-£8.00 (90-105% upside) based on 15x FCF, 10-15% rev CAGR, EBIT margin 10-11% by FY28.
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