The Swatch Group (CH:UHR)
:UHR
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The Swatch Group
(UHR)
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Rating:58Neutral
Price Target:
CHF212.00
▲(11.78% Upside)
Action:Reiterated
Date:02/03/26
The score is held back primarily by weak recent financial performance (revenue declines and profitability compression to near break-even), partially offset by a very strong low-debt balance sheet. Technicals are moderately positive, but an extremely high P/E keeps the valuation component weak despite a ~2.5% dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and large equity reduce solvency risk and provide durable financial flexibility. Over the next 2-6 months this balance sheet strength supports the company’s ability to absorb cyclical drops in luxury demand, fund selective investments, or defend distributions without needing external financing.
Negative Factors
Multi-year revenue decline
Two consecutive years of revenue decline signal weakening end-market demand or mix shifts that impair operating leverage. Persistent top-line pressure makes it harder to restore prior profitability levels in the medium term and increases the importance of execution on pricing, distribution and product positioning.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and large equity reduce solvency risk and provide durable financial flexibility. Over the next 2-6 months this balance sheet strength supports the company’s ability to absorb cyclical drops in luxury demand, fund selective investments, or defend distributions without needing external financing.
Read all positive factors
The Swatch Group (UHR) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF10.52B
Dividend Yield2.67%
Average Volume (3M)132.60K
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue Growth-6.76%
EPS GrowthN/A
CountryCH
Employees32,477
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)N/A
Shares Outstanding28,936,000
10 Day Avg. Volume156,151
30 Day Avg. Volume132,603
Financial Highlights & Ratios
PEG Ratio-29.57
Price to Book (P/B)0.76
Price to Sales (P/S)1.39
P/FCF Ratio89.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF171.67Price Target Upside-9.48% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
The Swatch Group Business Overview & Revenue Model
Company Description
The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. It operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, a...
How the Company Makes Money
The Swatch Group primarily makes money by selling watches and jewelry under its portfolio of brands. Revenue is generated through (1) wholesale distribution, where products are sold to third-party retailers, distributors, and duty-free channels, a...
The Swatch Group Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
92
Very Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.28B | 6.74B | 7.89B | 7.50B | 7.31B |
| Gross Profit | 5.16B | 5.60B | 6.71B | 6.19B | 5.81B |
| EBITDA | 558.00M | 676.00M | 1.54B | 1.53B | 1.42B |
| Net Income | 3.00M | 193.00M | 869.00M | 807.00M | 765.00M |
Balance Sheet | |||||
| Total Assets | 13.38B | 13.99B | 14.23B | 13.89B | 13.68B |
| Cash, Cash Equivalents and Short-Term Investments | 1.23B | 1.40B | 2.05B | 2.55B | 2.66B |
| Total Debt | 38.00M | 13.00M | 75.00M | 6.00M | 99.00M |
| Total Liabilities | 1.72B | 1.77B | 1.97B | 1.84B | 2.07B |
| Stockholders Equity | 11.56B | 12.11B | 12.20B | 11.98B | 11.54B |
Cash Flow | |||||
| Free Cash Flow | 98.00M | -216.00M | -170.00M | 325.00M | 995.00M |
| Operating Cash Flow | 507.00M | 333.00M | 615.00M | 724.00M | 1.30B |
| Investing Cash Flow | -346.00M | -470.00M | -768.00M | -114.00M | -727.00M |
| Financing Cash Flow | -205.00M | -410.00M | -327.00M | -300.00M | -234.00M |
The Swatch Group Technical Analysis
Positive
189.65
Price Trends
179.24
Positive
178.21
Positive
166.02
Positive
Market Momentum
6.94
Negative
62.09
Neutral
54.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:UHR, the sentiment is Positive. The current price of 189.65 is below the 20-day moving average (MA) of 189.71, above the 50-day MA of 179.24, and above the 200-day MA of 166.02, indicating a bullish trend. The MACD of 6.94 indicates Negative momentum. The RSI at 62.09 is Neutral, neither overbought nor oversold. The STOCH value of 54.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:UHR.
The Swatch Group Peers Comparison
UnderperformOutperform
Sector (61)
CH:UHR
The Swatch Group
201.70
62.28
44.67%
CH:CFR
Compagnie Financiere Richemont SA
156.65
-0.47
-0.30%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.