Added to YB: 2024-05-02
Pitch date: 2024-04-30
UHR.SW [neutral]
The Swatch Group AG
+12.67%
current return
Author Info
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 10.4B
Pitch Price
CHF 179.01
Price Target
N/A
Dividend
2.23%
EV/EBITDA
17.82
P/E
3.5K
EV/Sales
1.48
Sector
Textiles, Apparel and Luxury Goods
Category
value
Swatch Group Write Up
UHR.SW: Swiss watchmaker w/ 17 brands (Omega, Tissot, Longines). Omega 60% of profit. Rolex dominates luxury mkt w/ 2x Omega sales. MoonSwatch collab huge hit, 1M sold, 90% margin. Risks: Swiss franc, Rolex lead, smart watches. Bullish: brand history, family control, collabs. Trades at 7.7x EV/EBIT, 7% FCF yield. Potential LVMH target.
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