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The Swatch Group AG
(UHRN)
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Rating:49Neutral
Price Target:
CHF37.00
▲(8.19% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by sharply weakened profitability and inconsistent free-cash-flow generation, reinforced by weak-to-neutral technical momentum (negative MACD and price below key moving averages). A very strong, low-debt balance sheet provides meaningful stability, but the extremely high P/E meaningfully reduces the valuation component despite a modest dividend yield.
Positive Factors
Strong Balance Sheet
Extremely low leverage and a large equity base provide structural resilience in a cyclical luxury industry. This balance-sheet strength preserves strategic optionality for capex, product investment, inventory cycles, and support for retail partners during downturns without needing external financing.
Negative Factors
Collapsed Profitability
A dramatic decline in operating and net margins shows the company's inability to convert strong gross margins into sustainable profits. If operating leverage and cost structure are not rebalanced, returns and shareholder value may remain structurally impaired over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Extremely low leverage and a large equity base provide structural resilience in a cyclical luxury industry. This balance-sheet strength preserves strategic optionality for capex, product investment, inventory cycles, and support for retail partners during downturns without needing external financing.
Read all positive factors
The Swatch Group AG (UHRN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF9.73B
Dividend Yield2.41%
Average Volume (3M)56.02K
Price to Earnings (P/E)1112.1
Beta (1Y)1.14
Revenue Growth-0.11%
EPS GrowthN/A
CountryCH
Employees31,796
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.17
Shares Outstanding116,919,500
10 Day Avg. Volume89,251
30 Day Avg. Volume56,025
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.88
Revenue Forecast (FY)CHF6.55B
The Swatch Group AG Business Overview & Revenue Model
Company Description
The Swatch Group AG, established in 1983 and based in Biel/Bienne, Switzerland, operates globally as a prominent designer, manufacturer, and distributor of watches, jewelry, and related components and movements. The company's operations are divide...
How the Company Makes Money
The Swatch Group primarily makes money by selling finished watches and jewelry under its portfolio of brands through a mix of wholesale (sales to distributors, department stores, and authorized retailers) and direct-to-consumer channels (brand-own...
The Swatch Group AG Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
88
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.34B | 6.28B | 6.74B | 7.89B | 7.50B | 7.31B |
| Gross Profit | 3.75B | 5.16B | 5.60B | 6.71B | 6.19B | 5.81B |
| EBITDA | 560.00M | 585.00M | 676.00M | 1.54B | 1.53B | 1.42B |
| Net Income | 9.00M | 3.00M | 193.00M | 869.00M | 807.00M | 765.00M |
Balance Sheet | ||||||
| Total Assets | 13.48B | 13.38B | 13.99B | 14.23B | 13.89B | 13.68B |
| Cash, Cash Equivalents and Short-Term Investments | 1.36B | 1.23B | 1.40B | 2.05B | 2.55B | 2.66B |
| Total Debt | 236.00M | 38.00M | 13.00M | 75.00M | 6.00M | 99.00M |
| Total Liabilities | 1.98B | 1.72B | 1.77B | 1.97B | 1.84B | 2.07B |
| Stockholders Equity | 11.39B | 11.56B | 12.11B | 12.20B | 11.98B | 11.54B |
Cash Flow | ||||||
| Free Cash Flow | 270.00M | 98.00M | -216.00M | -170.00M | 325.00M | 995.00M |
| Operating Cash Flow | 631.00M | 507.00M | 333.00M | 615.00M | 724.00M | 1.30B |
| Investing Cash Flow | -355.00M | -346.00M | -470.00M | -768.00M | -114.00M | -727.00M |
| Financing Cash Flow | -184.00M | -205.00M | -410.00M | -327.00M | -300.00M | -234.00M |
The Swatch Group AG Technical Analysis
Positive
34.20
Price Trends
39.23
Negative
37.92
Negative
36.16
Positive
Market Momentum
-0.74
Negative
48.76
Neutral
91.24
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:UHRN, the sentiment is Positive. The current price of 34.2 is below the 20-day moving average (MA) of 37.29, below the 50-day MA of 39.23, and below the 200-day MA of 36.16, indicating a neutral trend. The MACD of -0.74 indicates Negative momentum. The RSI at 48.76 is Neutral, neither overbought nor oversold. The STOCH value of 91.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:UHRN.
The Swatch Group AG Peers Comparison
UnderperformOutperform
Sector (55)
CH:UHRN
The Swatch Group AG
38.50
10.74
38.71%
CH:CFR
Compagnie Financiere Richemont SA
200.80
73.28
57.46%
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.