Added to YB: 2026-07-24
Pitch date: 2026-07-22
UHR.SW [neutral]
The Swatch Group AG
-1.67%
current return
Author Info
Andrew Brown manages Dynasty Trust - a wholesale unit trust investing ONLY in public companies with controlling shareholders. Sign up for the newsletter.
Company Info
The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components in Switzerland, rest of Europe, Greater China, Asia, America, Oceania, and Africa.
Market Cap
CHF 9.7B
Pitch Price
CHF 176.40
Price Target
N/A
Dividend
2.41%
EV/EBITDA
17.18
P/E
N/A
EV/Sales
1.37
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Swatch: 'have a glass of water to calm down'
UHR.SW (holding update): Shares -8.2% as H1 EBIT of CHF52M makes CHF376M 2026 consensus unreachable. H1 hit by 6% FX headwind (strong CHF), Mid-East decline; B3 accelerated +13.1%. H2 could be best since H1'24 on op leverage, softening CHF, mid-price renaissance. 26.5x EV/EBIT, 35x P/E; not a PRC rebound call but structural watch tailwind. Author holds via Dynasty Trust.
Read full article (7 min)