Added to YB: 2024-07-19
Pitch date: 2024-07-18
UHR.SW [neutral]
The Swatch Group AG
-5.22%
current return
Author Info
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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 173.18
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
Show full summary:
Swatch group: luxury is cheap
UHR.SW: Swiss luxury watchmaker, 90%+ luxury. H1 2023 sales -14.3%, op margin 5.9% (vs 17.1%). Net cash CHF2.5B, high inventory. Trades at ~30x depressed earnings. Potential activist/PE target due to brand value. Risks: CEO stubbornness, Chinese slowdown. Long-term potential but near-term headwinds in luxury sector.
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