Added to YB: 2024-07-19
Pitch date: 2024-07-18
UHR.SW [neutral]
The Swatch Group AG
+12.9%
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 178.65
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: 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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