Professional
Added to YB: 2024-05-20
Pitch date: 2024-05-18
WOSG.L [bullish]
Watches of Switzerland Group PLC
+21.55%
current return
Author Info
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
528.32 (+10673%)
Dividend
N/A
EV/EBITDA
5.37
P/E
16.34
EV/Sales
0.86
Sector
Specialty Retail
Category
growth
Watches Of Switzerland Group: A Value Investor’s Rolex
WOSG.L: Rolex AD trades at 9x earnings despite brand strength, pricing power & growth runway. Rolex acquired Bucherer, stoking disintermediation fears, but Rolex can't easily replicate WOSG's scale. Demand dip post-COVID, but long waitlists & wealthy clients provide stability. US expansion, M&A (Roberto Coin), mono-brand trend & CPO program are growth drivers. Proven unit economics (20-30% ROE), strong cash flows, aligned mgmt. Earnings & multiple have upside.
Read full article (15 min)