Added to YB: 2024-10-04
Pitch date: 2024-10-03
WOSG.L [bullish]
Watches of Switzerland Group PLC
+6.98%
current return
Author Info
Northeastern University Student Value Fund is the premier investment fund at Northeastern University. Visit their website.
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 4.58
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.37
P/E
16.34
EV/Sales
0.86
Sector
Specialty Retail
Category
growth
UK’s Leading Rolex Retailer, Watches of Switzerland, Expands in the U.S. as Market Overlooks Growth Potential
WOSG.L: UK's top Rolex retailer expanding in US. Higher ASP, better margins. UK market share growth despite retail network decline. Rolex dependency concerns post-Bucherer deal overblown. Management targets 2x revenue/EBIT by FY28. Trading down 30%, creating buy opportunity. Strong watchmaker relationships, esp. Rolex (50%+ rev).
Read full article (3 min)