Added to YB: 2025-01-22
Pitch date: 2025-01-21
WOSG.L [bullish]
Watches of Switzerland Group PLC
-5.69%
current return
Author Info
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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 5.20
Price Target
6.90 (+41%)
Dividend
N/A
EV/EBITDA
5.37
P/E
16.34
EV/Sales
0.86
Sector
Specialty Retail
Category
growth
Watches of Switzerland Part II
WOSG.L: Rolex retailer expanding in US, trades at 10-11x FCF. Conservative 5-10% annual FCF growth. Strong balance sheet, low leverage. £2bn revenue by 2029 driven by ASP & new stores. Risks: volume declines, high fixed costs. Upside: volume recovery, synergies from Roberto Coin acquisition. Consider buybacks & US listing.
Read full article (35 min)