The Swatch Group AG (CH:UHRN)
:UHRN
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The Swatch Group AG
(UHRN)
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Rating:58Neutral
Price Target:
CHF43.00
▲(9.19% Upside)
Action:Reiterated
Date:02/03/26
The score is held back primarily by the sharp deterioration in profitability and uneven free-cash-flow generation, despite a very strong balance sheet. Technical indicators are modestly supportive, but a relatively high P/E with only moderate dividend yield keeps valuation from offsetting the weaker operating performance.
Positive Factors
Conservative balance sheet with extremely low leverage
Extremely low leverage gives the company durable financial resilience in cyclical luxury markets. It can self-fund capex, weather demand slowdowns, support inventories and retail networks, and pursue opportunistic investments or buybacks without relying on external financing.
Negative Factors
Sharp deterioration in profitability and compressed margins
A collapse in operating and net margins signals structural pressure on profitability: weak operating leverage, higher costs or adverse mix. Persistently low margins reduce returns on equity and capital allocation flexibility, making it harder to fund growth or sustain shareholder returns long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet with extremely low leverage
Extremely low leverage gives the company durable financial resilience in cyclical luxury markets. It can self-fund capex, weather demand slowdowns, support inventories and retail networks, and pursue opportunistic investments or buybacks without relying on external financing.
Read all positive factors
The Swatch Group AG (UHRN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF10.94B
Dividend Yield2.61%
Average Volume (3M)56.02K
Price to Earnings (P/E)3640.5
Beta (1Y)1.17
Revenue Growth-6.76%
EPS GrowthN/A
CountryCH
Employees32,477
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)N/A
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)N/A
Revenue Forecast (FY)N/A
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 makes money primarily by selling watches and jewelry under its brand portfolio and by supplying watch-related components and systems. A major revenue stream comes from the design, manufacture, marketing, and sale of finished watch...
The Swatch Group AG Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
88
Very Positive
Cash Flow
46
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 | 585.00M | 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 AG Technical Analysis
Positive
39.38
Price Trends
38.45
Positive
36.76
Positive
34.53
Positive
Market Momentum
0.73
Positive
58.39
Neutral
60.30
Neutral
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 39.38 is below the 20-day moving average (MA) of 40.97, above the 50-day MA of 38.45, and above the 200-day MA of 34.53, indicating a bullish trend. The MACD of 0.73 indicates Positive momentum. The RSI at 58.39 is Neutral, neither overbought nor oversold. The STOCH value of 60.30 is Neutral, 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 (61)
CH:UHRN
The Swatch Group AG
41.55
14.32
52.60%
CH:CFR
Compagnie Financiere Richemont SA
182.75
34.89
23.60%
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.