The Swatch Group AG

LSE:0QJV Stock Report

Market Cap: CHF 8.3b

Swatch Group Valuation

Is 0QJV 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 0QJV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0QJV (CHF162.17) is trading below our estimate of fair value (CHF227.79)

Significantly Below Fair Value: 0QJV is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QJV?

Key metric: As 0QJV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0QJV. This is calculated by dividing 0QJV's market cap by their current earnings.
What is 0QJV's PE Ratio?
PE Ratio16.2x
EarningsCHF 519.00m
Market CapCHF 8.29b

Price to Earnings Ratio vs Peers

How does 0QJV's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QJV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.2x
BRBY Burberry Group
91.1x43.0%UK£3.5b
BTRW Barratt Redrow
54.7x42.7%UK£6.2b
BKG Berkeley Group Holdings
10.4x-5.5%UK£4.0b
GAW Games Workshop Group
28.8x4.4%UK£4.4b
0QJV Swatch Group
16.2x13.0%CHF 8.3b

Price-To-Earnings vs Peers: 0QJV is good value based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (46.2x).

Price to Earnings Ratio vs Industry

How does 0QJV's PE Ratio compare vs other companies in the European Luxury Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0QJV 16.2xIndustry Avg. 16.1xNo. of Companies7PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0QJV is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the European Luxury industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0QJV'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.

0QJV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.2x
Fair PE Ratio21.5x

Price-To-Earnings vs Fair Ratio: 0QJV is good value based on its Price-To-Earnings Ratio (16.2x) compared to the estimated Fair Price-To-Earnings Ratio (21.5x).

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 0QJV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 162.17
CHF 172.52
+6.4%
24.4%CHF 333.00CHF 120.00n/a23
Dec ’25CHF 159.95
CHF 175.39
+9.7%
23.6%CHF 333.00CHF 120.00n/a23
Nov ’25CHF 180.10
CHF 178.56
-0.9%
23.6%CHF 333.00CHF 120.00n/a23
Oct ’25CHF 179.11
CHF 179.10
-0.01%
24.5%CHF 333.00CHF 120.00n/a21
Sep ’25CHF 178.82
CHF 193.62
+8.3%
19.7%CHF 333.00CHF 145.00n/a21
Aug ’25CHF 180.88
CHF 198.14
+9.5%
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 191.10
CHF 228.55
+19.6%
15.8%CHF 368.00CHF 190.00n/a20
May ’25CHF 195.99
CHF 230.55
+17.6%
15.7%CHF 368.00CHF 190.00n/a20
Apr ’25CHF 209.44
CHF 239.05
+14.1%
17.7%CHF 368.00CHF 200.00n/a21
Mar ’25CHF 211.83
CHF 238.64
+12.7%
17.3%CHF 368.00CHF 200.00n/a22
Feb ’25CHF 203.21
CHF 244.95
+20.5%
16.3%CHF 368.00CHF 202.00n/a22
Jan ’25CHF 229.36
CHF 281.32
+22.7%
14.7%CHF 368.00CHF 235.00n/a22
Dec ’24CHF 230.90
CHF 290.95
+26.0%
14.6%CHF 368.00CHF 235.00CHF 159.9522
Nov ’24CHF 234.66
CHF 297.09
+26.6%
14.5%CHF 368.00CHF 235.00CHF 180.1022
Oct ’24CHF 239.32
CHF 305.32
+27.6%
13.8%CHF 368.00CHF 240.00CHF 179.1122
Sep ’24CHF 251.03
CHF 320.22
+27.6%
15.0%CHF 400.00CHF 200.00CHF 178.8223
Aug ’24CHF 277.58
CHF 320.65
+15.5%
15.1%CHF 400.00CHF 200.00CHF 180.8823
Jul ’24CHF 261.07
CHF 321.86
+23.3%
13.4%CHF 400.00CHF 200.00CHF 184.9522
Jun ’24CHF 262.81
CHF 332.18
+26.4%
13.4%CHF 400.00CHF 180.00CHF 191.1022
May ’24CHF 304.55
CHF 332.41
+9.1%
13.5%CHF 400.00CHF 180.00CHF 195.9922
Apr ’24CHF 313.45
CHF 332.41
+6.0%
13.5%CHF 400.00CHF 180.00CHF 209.4422
Mar ’24CHF 332.10
CHF 328.26
-1.2%
13.0%CHF 375.00CHF 180.00CHF 211.8323
Feb ’24CHF 328.05
CHF 317.67
-3.2%
13.8%CHF 375.00CHF 180.00CHF 203.2124
Jan ’24CHF 263.34
CHF 274.74
+4.3%
14.5%CHF 350.00CHF 180.00CHF 229.3623
Dec ’23CHF 252.50
CHF 273.83
+8.4%
14.6%CHF 350.00CHF 180.00CHF 230.9023

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 Analysis2024/12/26 09:12
End of Day Share Price 2024/12/23 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. 22 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