The Swatch Group AG

SWX:UHR Stock Report

Market Cap: CHF 8.2b

Swatch Group Valuation

Is UHR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of UHR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UHR (CHF158.4) is trading below our estimate of fair value (CHF221.72)

Significantly Below Fair Value: UHR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UHR?

Other financial metrics that can be useful for relative valuation.

UHR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA6.4x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does UHR's PE Ratio compare to its peers?

The above table shows the PE ratio for UHR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.4x
CFR Compagnie Financière Richemont
21.6x9.4%CHF 68.7b
2313 Shenzhou International Group Holdings
15.4x12.9%HK$88.6b
GIL Gildan Activewear
17.8x11.9%CA$10.4b
TPR Tapestry
14.8x8.0%US$12.0b
UHR Swatch Group
15.8x15.6%CHF 8.2b

Price-To-Earnings vs Peers: UHR is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (17.4x).

Price to Earnings Ratio vs Industry

How does UHR's PE Ratio compare vs other companies in the European Luxury Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.2%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.2%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: UHR is expensive based on its Price-To-Earnings Ratio (15.8x) compared to the European Luxury industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is UHR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UHR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio18.7x

Price-To-Earnings vs Fair Ratio: UHR is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst UHR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 158.40
CHF 178.56
+12.7%
23.6%CHF 333.00CHF 120.00n/a23
Nov ’25CHF 179.85
CHF 178.56
-0.7%
23.6%CHF 333.00CHF 120.00n/a23
Oct ’25CHF 178.30
CHF 179.10
+0.4%
24.5%CHF 333.00CHF 120.00n/a21
Sep ’25CHF 177.80
CHF 193.62
+8.9%
19.7%CHF 333.00CHF 145.00n/a21
Aug ’25CHF 180.85
CHF 198.14
+9.6%
19.9%CHF 333.00CHF 145.00n/a21
Jul ’25CHF 184.95
CHF 223.55
+20.9%
16.7%CHF 368.00CHF 190.00n/a20
Jun ’25CHF 193.15
CHF 228.55
+18.3%
15.8%CHF 368.00CHF 190.00n/a20
May ’25CHF 193.65
CHF 230.55
+19.1%
15.7%CHF 368.00CHF 190.00n/a20
Apr ’25CHF 209.40
CHF 239.05
+14.2%
17.7%CHF 368.00CHF 200.00n/a21
Mar ’25CHF 211.90
CHF 238.64
+12.6%
17.3%CHF 368.00CHF 200.00n/a22
Feb ’25CHF 201.70
CHF 244.95
+21.4%
16.3%CHF 368.00CHF 202.00n/a22
Jan ’25CHF 228.60
CHF 281.32
+23.1%
14.7%CHF 368.00CHF 235.00n/a22
Dec ’24CHF 230.80
CHF 290.95
+26.1%
14.6%CHF 368.00CHF 235.00n/a22
Nov ’24CHF 234.70
CHF 297.09
+26.6%
14.5%CHF 368.00CHF 235.00CHF 179.8522
Oct ’24CHF 235.40
CHF 305.32
+29.7%
13.8%CHF 368.00CHF 240.00CHF 178.3022
Sep ’24CHF 251.30
CHF 320.22
+27.4%
15.0%CHF 400.00CHF 200.00CHF 177.8023
Aug ’24CHF 278.40
CHF 320.65
+15.2%
15.1%CHF 400.00CHF 200.00CHF 180.8523
Jul ’24CHF 261.10
CHF 321.86
+23.3%
13.4%CHF 400.00CHF 200.00CHF 184.9522
Jun ’24CHF 260.60
CHF 332.18
+27.5%
13.4%CHF 400.00CHF 180.00CHF 193.1522
May ’24CHF 304.60
CHF 332.41
+9.1%
13.5%CHF 400.00CHF 180.00CHF 193.6522
Apr ’24CHF 313.40
CHF 332.41
+6.1%
13.5%CHF 400.00CHF 180.00CHF 209.4022
Mar ’24CHF 332.10
CHF 328.26
-1.2%
13.0%CHF 375.00CHF 180.00CHF 211.9023
Feb ’24CHF 328.10
CHF 317.67
-3.2%
13.8%CHF 375.00CHF 180.00CHF 201.7024
Jan ’24CHF 263.00
CHF 274.74
+4.5%
14.5%CHF 350.00CHF 180.00CHF 228.6023
Dec ’23CHF 252.70
CHF 273.83
+8.4%
14.6%CHF 350.00CHF 180.00CHF 230.8023
Nov ’23CHF 232.50
CHF 281.68
+21.2%
13.8%CHF 360.00CHF 220.00CHF 234.7022

Analyst Forecast: Target price is less than 20% higher than the current share price.

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