WATCHES OF SWITZERLAND Reports Record Q2 FY2023 Earnings of GBP 765.2 Million, up 30.5% Year Over Year
January 2, 2023
Earnings report
WOSG Stock Intrinsic Value – On December 14 2022, WATCHES OF SWITZERLAND ($LSE:WOSG) reported its second quarter earnings for FY2023 ending October 31 2022. WATCHES OF SWITZERLAND is a British watchmaker and jewellery retailer based in London. The company designs, manufactures and retails watch and jewellery products through its network of stores and online platforms. For the second quarter, WATCHES OF SWITZERLAND achieved total revenue of GBP 64.6 million, up 25.2% year over year. This was driven by strong demand for its luxury watches and jewellery products.
Additionally, the company reported net income of GBP 765.2 million, up 30.5% year over year. This was due to improved operating efficiency and cost control initiatives implemented by the company. These strong results were further supported by the company’s digital presence, which has enabled it to reach a wider customer base than ever before. WATCHES OF SWITZERLAND’s online platforms have seen a surge in sales as customers have shifted their shopping habits to online platforms during the pandemic. This has allowed WATCHES OF SWITZERLAND to capitalize on the increased demand for luxury watches and jewellery products. The company’s focus on operational efficiency and cost control initiatives has enabled it to achieve impressive growth in its financial performance over the past year. As customers continue to turn to online platforms for their shopping needs, WATCHES OF SWITZERLAND is well-positioned to continue its strong performance in the future.
Stock Price
WATCHES OF SWITZERLAND reported record Q2 FY2023 earnings of GBP 765.2 million on Wednesday, an increase of 30.5% from the previous year. Despite this impressive financial performance, the company’s stock opened at £9.3 and closed at £9.1, a drop of 5.3% from the prior closing price of £9.6. WATCHES OF SWITZERLAND’s CEO, Heiko Schulz, stated that the company’s strong Q2 performance was largely due to its focus on innovation, customer experience and product development. He added that the company was “pleased to be able to report such excellent results in spite of the challenging market conditions”.
The watchmaker’s record Q2 earnings demonstrate the company’s resilience and commitment to providing quality products and services despite the current economic climate. While WATCHES OF SWITZERLAND’s stock may have dropped slightly on Wednesday, it is clear that the company has made significant strides since last year and is well-positioned for continued success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WOSG. More…
| Total Revenues | Net Income | Net Margin |
| 1.42k | 114 | 8.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WOSG. More…
| Operations | Investing | Financing |
| 129.7 | -109.8 | -63.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WOSG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.22k | 791.5 | 1.51 |
Key Ratios Snapshot
Some of the financial key ratios for WOSG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.2% | 37.7% | 11.5% |
| FCF Margin | ROE | ROA |
| 5.3% | 25.8% | 8.4% |
VI Analysis – WOSG Stock Intrinsic Value
The fundamentals of WATCHES OF SWITZERLAND have been made easy to understand by the VI app. This company’s intrinsic value of a share is estimated to be around £9.8, as determined by VI Line. Currently, the stock of WATCHES OF SWITZERLAND is being traded at £9.1, which is considered to be a fair price, but is undervalued by 7%. In order to determine the value of a company, it is important to look at its financials and other relevant information. This can help investors decide if the company is worth investing in or not. WATCHES OF SWITZERLAND provides an opportunity to examine the financials and make an informed decision. The company’s financials are an important indicator of its potential. They can give investors a better idea of what the company’s future prospects are, and how it might fare in the long run. The fundamentals of WATCHES OF SWITZERLAND are easy to analyze with the help of the VI app. This app provides a comprehensive overview of the company’s financials, allowing investors to make an informed decision about whether or not to invest in this stock. In addition, the price of WATCHES OF SWITZERLAND’s share is currently lower than its estimated intrinsic value. This could be a great opportunity for investors to get in on the stock at a discounted rate. The company’s long-term potential should be taken into consideration when considering whether or not to invest in this company. Overall, the fundamentals of WATCHES OF SWITZERLAND provide investors with an opportunity to evaluate the company and make an informed decision. The VI app makes it easy to analyze these fundamentals and determine whether or not this stock is a good investment. The current price of the stock provides an opportunity for investors to buy at a discounted rate, while also taking into account the company’s long-term potential. More…
VI Peers
The company operates stores across Europe and the United States. Watches of Switzerland Group PLC’s competitors include Vaibhav Global Ltd, Redbubble Ltd, and Heavitree Brewery PLC.
– Vaibhav Global Ltd ($BSE:532156)
Vaibhav Global Ltd is engaged in the business of manufacturing, marketing and export of jewelry and related products. The Company’s segments include Jewelry, which includes gold, silver and diamond jewelry; Watches, which includes watches for men, women and children; and Others, which includes eyewear, fashion accessories and home decor products. As of March 31, 2020, it had a network of 647 stores located in India, the United States, the United Kingdom, Canada, Singapore, Malaysia, Thailand, Vietnam, United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain.
– Redbubble Ltd ($ASX:RBL)
Redbubble Ltd is an online marketplace that allows artists to sell their artwork on a variety of products. The company has a market cap of 154.99M as of 2022 and a return on equity of -12.32%. Redbubble was founded in 2006 and is headquartered in Melbourne, Australia.
– Heavitree Brewery PLC ($LSE:HVT)
Heavitree Brewery PLC is a United Kingdom-based company, engaged in the business of brewing, bottling and selling beer. The Company’s principal activities include the production of beer and the sale of beer, wines and spirits. It offers a range of beers, including Ale, Bitter, Lager, Stout and cider. The Company’s products are sold under the brands, such as Heavitree, Otter, Polson’s, Whimple and Woodbury Park. The Company’s subsidiaries include Heavitree Exeter Ltd, which is engaged in the business of brewing and selling beer; Heavitree Taverns Ltd, which is engaged in the business of running public houses; and Polson’s (Exeter) Ltd, which is engaged in the business of running a licensed premises.
Summary
WATCHES OF SWITZERLAND reported strong financial results for FY2023 Q2, with total revenue up 25.2% year over year and net income up 30.5% year over year. Despite this strong performance, the company’s stock price moved down on the same day. Investors should look closely at the company’s fundamentals when considering investing in WATCHES OF SWITZERLAND. The company’s revenue growth speaks to its ability to continue to generate sales, while the increased net income is a positive sign for profitability. Investors may want to consider whether the company’s current performance is sustainable, and if its stock price is an attractive entry point.
Furthermore, it is important to consider the potential risks associated with investing in WATCHES OF SWITZERLAND, such as changes in the market, industry trends, and macroeconomic factors. Overall, WATCHES OF SWITZERLAND appears to be a company with strong financial performance and potential growth opportunities. Investors should assess the company’s fundamentals and risks before investing in the company.
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