Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
/
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Watches of Switzerland Group PLC is a leading British luxury watch and jewellery retailer, headquartered in Braunstone, Leicester, United Kingdom. Incorporated in 2019 as a public limited company, it specializes in the retail sale of high-end watches and jewellery through specialized stores, online platforms, and repair services, as defined by its SIC codes including 47770 and 47910. The group operates 221 stores across the UK, US, and Europe under brands such as Watches of Switzerland, Mappin & Webb, Goldsmiths, Mayors, and Betteridge, featuring 96 dedicated mono-brand boutiques for prestigious labels like Rolex, Omega, TAG Heuer, Breitling, Tudor, Audemars Piguet, and Bulgari. As the authorized dealer for more Swiss brands than any other UK retailer, it offers official timepieces with manufacturer warranties, serving clients who value expertise and long-term relationships, some spanning over 50 years. With 15 UK showrooms and a growing US presence, the company emphasizes exceptional client service, market knowledge, and partnerships with major luxury watch groups and independents, solidifying its role as a cornerstone in the global luxury timepiece sector.
£7.52
+£0.15 (+2.10%)
EOD Jul 3, 2026
10.15% operating margin is respectable but not wide. ROIC at 10.40%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 7.4%, steady but not accelerating.
At 33x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of £568M represents 5.2x FCF, leverage limits flexibility.
33.1x earnings, 16.4x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£1.65B
▲ +7.4% YoY
Net Income (TTM)
£54M
▼ -9.0% YoY
Op. Margin
10.15%
▲ +0.2pp YoY
ROIC
10.40%
▲ +1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£108M
▲ +0.9% YoY
Op. Cash Flow (TTM)
£174M
▼ -8.1% YoY
Net Debt
£568M
Cash & Equiv.
£80M
3Y CAGR: +10.1%
3Y CAGR: -5.0%
Continue Research
At a P/E of 33.1 and a price-to-free-cash-flow of 16.4, Watches of Switzerland Group (WOSG.XLON) trades above a two-stage DCF intrinsic value of about £5.53 per share, so at £7.52 the stock looks overvalued (26.4% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Watches of Switzerland Group scores 50/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £5.53 per share for WOSG.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £4.15. At today's £7.52, that puts the stock about 26.4% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Watches of Switzerland Group scores 50 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 10.1% operating margin and a 10.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. WOSG.XLON currently trades above its estimated intrinsic value and scores 50/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.