UHRN Stock Analysis: Swatch N | SW
Luxury Goods | SW, Switzerland | Market Cap: 8.787m CHF | 12M Return: 3.7% | CH0012255144 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.11M
Warnings
Tailwinds
No distinct edge detected
Seasonality
Swatch Group AG is a Switzerland-based watch and jewelry maker and seller, with operations spanning Europe, Asia, the Americas and other regions. Its Watches & Jewelry segment includes brands such as Omega, Longines, Tissot and Swatch, while its Electronic Systems segment makes electronic components and provides sports-timing services.
The company’s activities extend across the watchmaking supply chain, including movements, cases, dials, batteries and other components, as well as research, assembly, distribution and retail. It was founded in 1983 and is headquartered in Biel/Bienne, Switzerland.
- Weak Chinese luxury demand weighs on Omega and Longines sales
- Low factory utilization and Swiss-franc strength pressure margins
- Chinese consumer recovery and tourist spending support watch demand
| Net Income: 9.00m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 2.58 > 1.0 |
| NWC/Revenue: 133.6% < 20% (prev 135.3%; Δ -1.71% < -1%) |
| CFO/TA 0.05 > 3% & CFO 631.0m > Net Income 9.00m |
| Net Debt (-1.12b) to EBITDA (560.0m): -2.01 < 3 |
| Current Ratio: 7.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (52.0m) vs 12m ago -79.97% < -2% |
| Gross Margin: 59.16% > 18% (prev 82.55%; Δ -23.39% > 0.5%) |
| Asset Turnover: 46.91% > 50% (prev 46.83%; Δ 0.08% > 0%) |
| Interest Coverage Ratio: 28.20 > 6 (EBIT TTM 141.0m / Interest Expense TTM 5.00m) |
| A: 0.63 (Total Current Assets 9.74b - Total Current Liabilities 1.26b) / Total Assets 13.5b |
| B: 0.99 (Retained Earnings 13.4b / Total Assets 13.5b) |
| C: 0.01 (EBIT TTM 141.0m / Avg Total Assets 13.5b) |
| D: 5.74 (Book Value of Equity 11.4b / Total Liabilities 1.98b) |
| Altman-Z'' = 13.46 = AAA |
| DSRI: 1.03 (Receivables 618.0m/598.0m, Revenue 6.34b/6.35b) |
| GMI: 1.40 (GM 82.55% / 59.16%) |
| AQI: 0.95 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 1.00 (Revenue 6.34b / 6.35b) |
| TATA: -0.05 (NI 9.00m - CFO 631.0m) / TA 13.5b) |
| Beneish M = -2.67 (Cap -4..+1) = A |
As of October 16, 2026, the stock is trading at CHF 35.15 with a total of 75,851 shares traded. Over the past week, the price has changed by +2.78%, over one month by +3.38%, over three months by -15.50% and over the past year by +3.72%.
Current recommended Stop Loss: 34.10 (which is 3% or 1.2 ATR below the current price).
Swatch N has no consensus analysts rating.
P/E Trailing = 1126.6666
P/E Forward = 20.6186
P/S = 1.3856
P/B = 0.8088
P/EG = 0.07
Revenue TTM = 6.34b CHF
EBIT TTM = 141.0m CHF
EBITDA TTM = 560.0m CHF
Long Term Debt = 2.00m CHF (from longTermDebt, last quarter)
Short Term Debt = 234.0m CHF (from shortTermDebt, last quarter)
Debt = 236.0m CHF (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.12b CHF (calculated: Debt 236.0m - CCE 1.36b)
Enterprise Value = 7.66b CHF (8.79b + Debt 236.0m - CCE 1.36b)
Interest Coverage Ratio = 28.20 (Ebit TTM 141.0m / Interest Expense TTM 5.00m)
EV/FCF = 28.39x (Enterprise Value 7.66b / FCF TTM 270.0m)
FCF Yield = 3.52% (FCF TTM 270.0m / Enterprise Value 7.66b)
FCF Margin = 4.26% (FCF TTM 270.0m / Revenue TTM 6.34b)
Net Margin = 0.14% (Net Income TTM 9.00m / Revenue TTM 6.34b)
Gross Margin = 59.16% ((Revenue TTM 6.34b - Cost of Revenue TTM 2.59b) / Revenue TTM)
Gross Margin QoQ = 36.62% (prev 81.00%)
Tobins Q-Ratio = 0.57 (Enterprise Value 7.66b / Total Assets 13.5b)
Interest Expense / Debt = 2.12% (Interest Expense 5.00m / Debt 236.0m)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 105.8m (EBIT 141.0m * (1 - 25.00%))
Current Ratio = 7.70 (Total Current Assets 9.74b / Total Current Liabilities 1.26b)
Debt / Equity = 0.02 (Debt 236.0m / totalStockholderEquity, last quarter 11.4b)
Debt / EBITDA = -2.01 (Net Debt -1.12b / EBITDA 560.0m)
Debt / FCF = -4.16 (Net Debt -1.12b / FCF TTM 270.0m)
Total Stockholder Equity = 11.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.07% (Net Income 9.00m / Total Assets 13.5b)
RoE = 0.08% (Net Income TTM 9.00m / Total Stockholder Equity 11.7b)
RoCE = 1.21% (EBIT 141.0m / Capital Employed (Equity 11.7b + L.T.Debt 2.00m))
RoIC = 0.87% (NOPAT 105.8m / Invested Capital 12.1b)
WACC = 8.40% (E(8.79b)/V(9.02b) * Re(8.58%) + D(236.0m)/V(9.02b) * Rd(2.12%) * (1-Tc(0.25)))
Discount Rate = 8.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -48.34 | Cagr: -51.01%
[DCF] Terminal Value 75.27% ; FCFF base≈270.0m ; Y1≈271.1m ; Y5≈287.2m
[DCF] Fair Price = 48.17 (EV 4.43b - Net Debt -1.12b = Equity 5.55b / Shares 115.3m; r=8.40% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -5.00 | Revenue CAGR: -0.41% | SUE: N/A | # QB: 0
EPS current Year (2025-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=-8.0%
EPS next Year (2026-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+4.7%