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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 36.60 EUR | -1.88% |
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-17.38% | -0.11% |
| 24/07 | SBG Securities Upgrades Swatch Group to Hold, Boosts PT | MT |
| 23/07 | AlphaValue/Baader Europe Upgrades Swatch Group to Reduce, Trims PT | MT |
Company Valuation: Swatch Group
Data adjusted to current consolidation scope
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Market Cap 1 | 14,175 | 13,103 | 11,658 | 8,455 | 8,803 | 8,859 | - | - |
| Change | - | -7.56% | -11.03% | -27.47% | 4.11% | 0.64% | - | - |
| Enterprise Value (EV) 1 | 11,619 | 10,565 | 9,672 | 7,081 | 7,610 | 7,700 | 7,721 | 7,741 |
| Change | - | -9.07% | -8.45% | -26.78% | 7.46% | 1.18% | 0.28% | 0.26% |
| P/E | 18.9x | 16.9x | 13.6x | 44.1x | 3,365x | 35.6x | 22.3x | 17.4x |
| PBR | 1.24x | 1.13x | 0.97x | 0.7x | 0.75x | 0.76x | 0.75x | 0.74x |
| PEG | - | 3.16x | 1.78x | -0.6x | -34.1x | 0x | 0.4x | 0.6x |
| Capitalization / Revenue | 1.94x | 1.75x | 1.48x | 1.26x | 1.4x | 1.35x | 1.28x | 1.23x |
| EV / Revenue | 1.59x | 1.41x | 1.23x | 1.05x | 1.21x | 1.18x | 1.12x | 1.07x |
| EV / EBITDA | 7.96x | 6.75x | 6.12x | 9.84x | 13.6x | 10.5x | 7.91x | 6.85x |
| EV / EBIT | 11.4x | 9.12x | 8.12x | 23.3x | 56.4x | 22.9x | 14x | 11.1x |
| EV / FCF | 11.6x | 31.4x | -56.9x | -32.8x | 136x | 17.1x | 13.4x | 18.4x |
| FCF Yield | 8.63% | 3.19% | -1.76% | -3.05% | 0.74% | 5.84% | 7.47% | 5.43% |
| Dividend per Share 2 | 5.5 | 6 | 6.5 | 4.5 | 4.5 | 4.598 | 5.171 | 5.619 |
| Rate of return | 1.97% | 2.28% | 2.84% | 2.73% | 2.67% | 2.71% | 3.04% | 3.31% |
| EPS 2 | 14.77 | 15.56 | 16.75 | 3.74 | 0.05 | 4.767 | 7.605 | 9.777 |
| Distribution rate | 37.2% | 38.6% | 38.8% | 120% | 9,000% | 96.4% | 68% | 57.5% |
| Net sales 1 | 7,313 | 7,499 | 7,888 | 6,735 | 6,280 | 6,546 | 6,910 | 7,210 |
| EBITDA 1 | 1,459 | 1,565 | 1,581 | 720 | 558 | 731.6 | 975.7 | 1,130 |
| EBIT 1 | 1,021 | 1,158 | 1,191 | 304 | 135 | 336.8 | 552.9 | 696.6 |
| Net income 1 | 765 | 807 | 869 | 193 | 3 | 204.5 | 360.3 | 453.3 |
| Net Debt 1 | -2,556 | -2,538 | -1,986 | -1,374 | -1,193 | -1,160 | -1,138 | -1,118 |
| Reference price 2 | 279.00 | 263.00 | 228.60 | 165.00 | 168.25 | 169.90 | 169.90 | 169.90 |
| Nbr of stocks (in thousands) | 51,771 | 51,808 | 51,836 | 51,872 | 51,767 | 51,996 | - | - |
| Announcement Date | 25/01/22 | 24/01/23 | 23/01/24 | 30/01/25 | 30/01/26 | - | - | - |
1CHF in Million2CHF
Estimates
P/E, Detailed evolution
| P/E (N) | EV / Sales (N) | EV / EBITDA (N) | Dividend Yield (N) | Capi.($) | ||
|---|---|---|---|---|---|---|
| 24.59x | 1.8x | 13.05x | 1.23% | 365.67Cr | ||
| 18.03x | 1.34x | 9.47x | 2.27% | 324.64Cr | ||
| 19.95x | - | - | - | 59Cr | ||
| 44.7x | - | - | 0.38% | 40Cr | ||
| -11.41x | 0.38x | 7.14x | - | 24Cr | ||
| Average | 19.17x | 1.17x | 9.89x | 1.29% | 162.66Cr | |
| Weighted average by Cap. | 21.57x | 1.54x | 11.23x | 1.64% |
Y-o-Y evolution of P/E
Historical PBR trend
Evolution Enterprise Value / Sales
Change in Enterprise Value/EBITDA
Year-on-year evolution of the Yield
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- Valuation Swatch Group
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