Swatch delivered strong revenue growth in the first half of the year, with 8.5% growth at constant exchange rates and 9.4% growth in the second quarter (8% for Richemont's specialist watchmaker division for the comparable quarter). Operating margin was disappointing at 1.7% versus 2.2% last year.
Around three-fourths of Swatch's revenue and a higher share of profits are from higher-end watch and jewelry brands and not affected by smartwatch competition. Performance of low-end brands is improving, thanks to innovation and smartwatches reaching maturity.
Almost 50% of demand for Swatch's products comes from Asian customers, most notably from China, making the company vulnerable to adverse economic shocks and demand changes in the region.
|
Metric
|
UHR
|
CFR
|
RMS
|
|---|---|---|---|
Price/Earnings (Normalized) | 1,972.78 | 41.17 | 37.25 |
Price/Book Value | 0.86 | 5.23 | 9.01 |
Price/Sales | 1.78 | 5.55 | 10.65 |
Price/Cash Flow | 24.16 | 23.05 | 30.86 |
|
Metric
|
UHR
|
CFR
|
RMS
|
|---|---|---|---|
Quick Ratio | 1.78 | 2.03 | 3.63 |
Current Ratio | 7.70 | 3.10 | 4.54 |
Interest Coverage | 23.80 | 14.54 | 112.45 |
|
Metric
|
UHR
|
CFR
|
RMS
|
|---|---|---|---|
Return on Assets (Normalized) | 0.18% | 8.65% | 20.11% |
Return on Equity (Normalized) | 0.21% | 15.82% | 26.19% |
Return on Invested Capital (Normalized) | 0.06% | 10.01% | 22.60% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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United States