The Swatch Group AG

BATS-CHIXE:UHRZ Stock Report

Market Cap: CHF 8.5b

Swatch Group Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 UHRZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CHF 227.49
Fair Value
27.9% undervalued intrinsic discount
23
Number of Analysts

Below Fair Value: UHRZ (CHF164.05) is trading below our estimate of fair value (CHF227.49)

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

Key Valuation Metric

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

Key metric: As UHRZ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for UHRZ. This is calculated by dividing UHRZ's market cap by their current earnings.
What is UHRZ's PE Ratio?
PE Ratio16.4x
EarningsCHF 519.00m
Market CapCHF 8.47b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for UHRZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.2x
BRBY Burberry Group
97.3x42.9%UK£3.6b
BTRW Barratt Redrow
54.5x36.3%UK£6.2b
BKG Berkeley Group Holdings
9.8x-5.4%UK£3.8b
GAW Games Workshop Group
27.1x2.1%UK£4.6b
UHRZ Swatch Group
16.4x11.5%CHF 8.5b

Price-To-Earnings vs Peers: UHRZ is good value based on its Price-To-Earnings Ratio (16.4x) compared to the peer average (47.2x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UHRZ is good value based on its Price-To-Earnings Ratio (16.4x) compared to the European Luxury industry average (16.5x).

Price to Earnings Ratio vs Fair Ratio

What is UHRZ'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.

UHRZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.4x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: UHRZ is good value based on its Price-To-Earnings Ratio (16.4x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).

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 UHRZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 164.05
CHF 169.08
+3.1%
24.9%CHF 333.00CHF 120.00n/a23
Jan ’26CHF 165.40
CHF 172.52
+4.3%
24.4%CHF 333.00CHF 120.00n/a23
Dec ’25CHF 160.45
CHF 175.39
+9.3%
23.6%CHF 333.00CHF 120.00n/a23
Nov ’25CHF 180.15
CHF 178.56
-0.9%
23.6%CHF 333.00CHF 120.00n/a23
Oct ’25CHF 178.05
CHF 179.10
+0.6%
24.5%CHF 333.00CHF 120.00n/a21
Sep ’25CHF 178.30
CHF 193.62
+8.6%
19.7%CHF 333.00CHF 145.00n/a21
Aug ’25CHF 180.10
CHF 198.14
+10.0%
19.9%CHF 333.00CHF 145.00n/a21
Jul ’25CHF 185.40
CHF 223.55
+20.6%
16.7%CHF 368.00CHF 190.00n/a20
Jun ’25CHF 192.75
CHF 228.55
+18.6%
15.8%CHF 368.00CHF 190.00n/a20
May ’25CHF 194.00
CHF 230.55
+18.8%
15.7%CHF 368.00CHF 190.00n/a20
Apr ’25CHF 208.90
CHF 239.05
+14.4%
17.7%CHF 368.00CHF 200.00n/a21
Mar ’25CHF 212.00
CHF 238.64
+12.6%
17.3%CHF 368.00CHF 200.00n/a22
Feb ’25CHF 201.60
CHF 244.95
+21.5%
16.3%CHF 368.00CHF 202.00n/a22
Jan ’25CHF 228.50
CHF 281.32
+23.1%
14.7%CHF 368.00CHF 235.00CHF 165.4022
Dec ’24CHF 230.90
CHF 290.95
+26.0%
14.6%CHF 368.00CHF 235.00CHF 160.4522
Nov ’24CHF 235.40
CHF 297.09
+26.2%
14.5%CHF 368.00CHF 235.00CHF 180.1522
Oct ’24CHF 235.70
CHF 305.32
+29.5%
13.8%CHF 368.00CHF 240.00CHF 178.0522
Sep ’24CHF 251.30
CHF 320.22
+27.4%
15.0%CHF 400.00CHF 200.00CHF 178.3023
Aug ’24CHF 279.00
CHF 320.65
+14.9%
15.1%CHF 400.00CHF 200.00CHF 180.1023
Jul ’24CHF 261.40
CHF 321.86
+23.1%
13.4%CHF 400.00CHF 200.00CHF 185.4022
Jun ’24CHF 262.10
CHF 332.18
+26.7%
13.4%CHF 400.00CHF 180.00CHF 192.7522
May ’24CHF 304.80
CHF 332.41
+9.1%
13.5%CHF 400.00CHF 180.00CHF 194.0022
Apr ’24CHF 312.70
CHF 332.41
+6.3%
13.5%CHF 400.00CHF 180.00CHF 208.9022
Mar ’24CHF 331.30
CHF 328.26
-0.9%
13.0%CHF 375.00CHF 180.00CHF 212.0023
Feb ’24CHF 326.70
CHF 317.67
-2.8%
13.8%CHF 375.00CHF 180.00CHF 201.6024
Jan ’24CHF 264.60
CHF 274.74
+3.8%
14.5%CHF 350.00CHF 180.00CHF 228.5023
Analyst Price Target
Consensus Narrative from 23 Analysts
CHF 168.72
Fair Value
2.8% undervalued intrinsic discount
23
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/22 12:16
End of Day Share Price 2025/01/22 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The Swatch Group AG is covered by 54 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Véronique Cabioc'h Le BrunAlphaValue
Atiyyah VawdaAvior Capital Markets
Christian WeizBaader Helvea Equity Research