Added to YB: 2024-07-24
Pitch date: 2024-07-22
WOSG.L [bullish]
Watches of Switzerland Group PLC
+16.87%
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 4.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.37
P/E
16.34
EV/Sales
0.86
Sector
Specialty Retail
Category
value
Nonsensical Bear Thesis at The Watches of Switzerland Group - $WOSG
WOSG.L: UK/US luxury watch retailer, 46% UK/10% US mkt share. Rolex 55% rev. Fears of Rolex DTC unfounded due to lack of incentives & execution risks. Strong moat, high ROIC, resilient industry. 7x 2025 FCF, 10x PE. Risks: Bucherer outpacing US growth, Swiss watch mkt decline, service deterioration. Catalysts: VAT-free UK shopping, Rolex capacity increase.
Read full article (10 min)