Balance Sheet Watches of Switzerland Group PLC

Equities

WOSG

GB00BJDQQ870

Apparel & Accessories Retailers

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Published financial data: WATCHES OF SWITZERLAND GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2021	2022	2023	2024	2025
Revenues	905M	1.24B	1.54B	1.54B	1.65B
Total Revenues	905M	1.24B	1.54B	1.54B	1.65B
Cost of Goods Sold, Total	782M	1.05B	1.32B	1.34B	1.43B
Gross Profit	123M	189M	226M	198M	219M
Selling General & Admin Expenses, Total	30.74M	44.5M	47.6M	45.7M	49.7M
Provision for Bad Debts	221K	-	-	-	-
Other Operating Expenses, Total	30.96M	44.5M	47.6M	45.7M	49.7M
Operating Income	92.53M	144M	179M	152M	170M
Interest Expense, Total	-17.82M	-15.9M	-24M	-29.2M	-38M
Interest And Investment Income	166K	-	900K	2.9M	2.3M
Net Interest Expenses	-17.66M	-15.9M	-23.1M	-26.3M	-35.7M
Income (Loss) On Equity Invest.	-	-	-	-	-200K
Currency Exchange Gains (Loss)	-336K	100K	-	-300K	-100K
Other Non Operating Income (Expenses)	-130K	-	-	-	-
EBT, Excl. Unusual Items	74.4M	128M	156M	125M	134M
Merger & Related Restructuring Charges	-193K	-500K	-900K	-900K	-2.1M
Gain (Loss) On Sale Of Assets	-856K	-600K	-	-	-
Asset Writedown	-5.03M	400K	700K	-26.2M	-46.5M
Other Unusual Items	-4.65M	-1.5M	-700K	-6.1M	-9.1M
EBT, Incl. Unusual Items	63.68M	126M	155M	92.1M	75.9M
Income Tax Expense	13.05M	25.2M	33M	33M	22.1M
Earnings From Continuing Operations	50.63M	101M	122M	59.1M	53.8M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	50.63M	101M	122M	59.1M	53.8M
Net Income - (IS)	50.63M	101M	122M	59.1M	53.8M
Net Income to Common Incl Extra Items	50.63M	101M	122M	59.1M	53.8M
Net Income to Common Excl. Extra Items	50.63M	101M	122M	59.1M	53.8M
Per Share Items
Net EPS - Basic	0.21	0.42	0.51	0.25	0.23
Basic EPS - Continuing Operations	0.21	0.42	0.51	0.25	0.23
Basic Weighted Average Shares Outstanding	239M	239M	238M	237M	237M
Net EPS - Diluted	0.21	0.42	0.51	0.25	0.23
Diluted EPS - Continuing Operations	0.21	0.42	0.51	0.25	0.23
Diluted Weighted Average Shares Outstanding	240M	241M	239M	238M	237M
Normalized Basic EPS	0.19	0.34	0.41	0.33	0.35
Normalized Diluted EPS	0.19	0.33	0.41	0.33	0.35
Supplemental Items
EBITDA	117M	172M	212M	192M	212M
EBITA	93.13M	145M	180M	153M	171M
EBIT	92.53M	144M	179M	152M	170M
EBITDAR	120M	180M	220M	201M	218M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	20.49	19.97	21.32	35.83	29.12
Current Domestic Taxes	-	-	11.2M	9.8M	-
Current Foreign Taxes	-	-	16.7M	17M	-
Total Current Taxes	12.89M	21M	27.9M	26.8M	27M
Total Deferred Taxes	152K	4.2M	5.1M	6.2M	-4.9M
Normalized Net Income	46.5M	80.25M	97.31M	78.31M	83.5M
Interest on Long-Term Debt	16.62M	15.8M	23.6M	29.2M	38M
Non-Cash Pension Expense	197K	200K	200K	100K	200K
Supplemental Operating Expense Items
General and Administrative Expenses	27.97M	37M	39.9M	37.5M	43.6M
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	2.72M	7.4M	7.7M	8.2M	6.1M
Imputed Operating Lease Interest Expense	835K	2.14M	2.99M	3.47M	3.04M
Imputed Operating Lease Depreciation	1.88M	5.26M	4.71M	4.73M	3.06M
Stock-Based Comp., G&A Exp. (Total)	4.88M	1.5M	-	2.1M	1.8M
Stock-Based Comp., Other (Total)	825K	1.7M	3.5M	-	-
Total Stock-Based Compensation	5.71M	3.2M	3.5M	2.1M	1.8M

Fiscal Period: April	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	76.08M	106M	136M	116M	98.9M
Total Cash And Short Term Investments	76.08M	106M	136M	116M	98.9M
Accounts Receivable, Total	3.48M	4.9M	6.3M	9.6M	31.5M
Other Receivables	5.09M	9.6M	8.1M	10.2M	24M
Total Receivables	8.57M	14.5M	14.4M	19.8M	55.5M
Inventory	226M	307M	356M	393M	447M
Prepaid Expenses	3.06M	5.7M	5.9M	7.2M	9.1M
Total Current Assets	314M	433M	513M	536M	611M
Gross Property Plant And Equipment	420M	499M	626M	726M	743M
Accumulated Depreciation	-72.3M	-92.6M	-112M	-153M	-192M
Net Property Plant And Equipment	347M	406M	514M	573M	551M
Long-term Investments	-	-	-	-	500K
Goodwill	135M	160M	183M	199M	231M
Other Intangibles, Total	15.2M	18.1M	17.6M	16.4M	72.9M
Accounts Receivable Long-Term	606K	2.7M	2.1M	-	-
Deferred Tax Assets Long-Term	14.41M	10.3M	6.2M	400K	4.1M
Other Long-Term Assets, Total	-	-	100K	2.1M	5M
Total Assets	827M	1.03B	1.24B	1.33B	1.48B
Liabilities
Accounts Payable, Total	72.86M	112M	129M	124M	114M
Accrued Expenses, Total	76.74M	87.7M	90.1M	91.7M	141M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	38.38M	46.7M	47.4M	57M	56M
Current Income Taxes Payable	-	2M	4.9M	-	500K
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	800K	1M	1.8M	1.9M	2.4M
Total Current Liabilities	189M	250M	273M	274M	314M
Long-Term Debt	118M	119M	120M	113M	193M
Long-Term Leases	263M	294M	363M	403M	399M
Pension & Other Post Retirement Benefits	2.57M	600K	-	200K	-
Deferred Tax Liability Non Current	-	400K	3M	3.4M	15.9M
Other Non Current Liabilities	4.61M	5.4M	6.9M	9.8M	14.9M
Total Liabilities	577M	669M	766M	804M	936M
Common Stock, Total	2.99M	3M	3M	3M	3M
Additional Paid In Capital	147M	147M	147M	147M	147M
Retained Earnings	106M	214M	337M	394M	415M
Comprehensive Income and Other	-6.26M	-3.1M	-17.8M	-21.2M	-25.2M
Total Common Equity	250M	361M	469M	523M	540M
Total Equity	250M	361M	469M	523M	540M
Total Liabilities And Equity	827M	1.03B	1.24B	1.33B	1.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	239M	240M	240M	240M	237M
ECS Total Common Shares Outstanding	239M	240M	240M	240M	237M
Book Value / Share	1.05	1.51	1.96	2.18	2.28
Tangible Book Value	99.68M	184M	269M	307M	236M
Tangible Book Value Per Share	0.42	0.77	1.12	1.28	0.99
Total Debt	419M	459M	530M	574M	647M
Net Debt	343M	353M	394M	458M	548M
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.57M	600K	-100K	200K	-500K
Debt Equivalent Oper. Leases	21.72M	59.2M	61.6M	65.6M	48.8M
Equity Method Investments, Total	-	-	-	-	500K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Work In Process, Total	-	1.8M	3.7M	4.1M	8.4M
Inventories - Finished Goods, Total	226M	305M	352M	389M	439M
Land - (BS)	3.28M	2.7M	2.5M	2.2M	2.2M
Machinery, Total	163M	202M	264M	342M	382M
Full Time Employees	2.02K	2.49K	2.55K	2.76K	3K
Accumulated Allowance for Doubtful Accounts (Supple)	193K	200K	300K	500K	900K

Fiscal Period: April	2021	2022	2023	2024	2025
Net Income	50.63M	101M	122M	59.1M	53.8M
Depreciation & Amortization - CF	61.9M	68.2M	82.6M	94.5M	95.3M
Amortization of Goodwill and Intangible Assets - (CF)	602K	700K	900K	800K	1.1M
Depreciation & Amortization, Total	62.5M	68.9M	83.5M	95.3M	96.4M
Amortization of Deferred Charges, Total - (CF)	3.33M	2.5M	3.1M	3.3M	3.1M
(Gain) Loss From Sale Of Asset	856K	1.4M	800K	1.1M	1M
Asset Writedown & Restructuring Costs	5.03M	-400K	-300K	27.4M	48.5M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	200K
Stock-Based Compensation (CF)	5.71M	3.2M	3.5M	2.1M	1.8M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	30.93M	23.3M	27.4M	25.4M	23.3M
Change In Accounts Receivable	-991K	-6.4M	1.5M	-4.4M	-18.2M
Change In Inventories	10.27M	-50.6M	-51.5M	-11.3M	-13.3M
Change In Accounts Payable	3.58M	27.4M	22.1M	-6.7M	-12.9M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	172M	170M	212M	191M	184M
Capital Expenditure	-24.07M	-41M	-75M	-81.6M	-68M
Sale of Property, Plant, and Equipment	-	-	-	-	2.7M
Cash Acquisitions	-1.44M	-44.1M	-24.9M	-44.2M	-107M
Sale (Purchase) of Intangible assets	-1.96M	-2.2M	-2.7M	-2.4M	-3.6M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-700K
Other Investing Activities, Total	3.91M	-800K	7.1M	7.1M	-1.5M
Cash from Investing	-23.56M	-88.1M	-95.5M	-121M	-178M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	22.5M	-	-	115M	99.5M
Total Debt Issued	22.5M	-	-	115M	99.5M
Short Term Debt Repaid, Total	-81.8M	-	-	-	-
Long-Term Debt Repaid, Total	-66.54M	-40.8M	-42M	-166M	-70M
Total Debt Repaid	-148M	-40.8M	-42M	-166M	-70M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-21.3M	-7.2M	-11.3M
Other Financing Activities, Total	-17.62M	-14.9M	-21.9M	-33.5M	-39.3M
Cash from Financing	-143M	-55.7M	-85.2M	-91.7M	-21.1M
Foreign Exchange Rate Adjustments	-1.66M	3.3M	-700K	800K	-1.4M
Net Change in Cash	3.15M	29.8M	30.5M	-20.7M	-16.8M
Supplemental Items
Cash Interest Paid	17.24M	14.9M	22.8M	31.3M	37.8M
Cash Income Tax Paid (Refund)	9.57M	15.6M	26.6M	33.5M	29.7M
Levered Free Cash Flow	124M	75.19M	77.95M	41.29M	60.75M
Unlevered Free Cash Flow	134M	84.42M	92.15M	59.04M	83.6M
Change In Net Working Capital	-31.8M	36.4M	31.2M	52.1M	51.2M
Net Debt Issued / Repaid	-126M	-40.8M	-42M	-51M	29.5M

Fiscal Period: April	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.89	9.71	9.87	7.41	7.56
Return on Total Capital	8.4	12.1	12.28	9.06	9.28
Return On Equity %	22.51	33.03	29.33	11.91	10.13
Return on Common Equity	22.51	33.03	29.33	11.91	10.13
Margin Analysis
Gross Profit Margin %	13.64	15.24	14.67	12.85	13.28
SG&A Margin	3.4	3.59	3.09	2.97	3.01
EBITDA Margin %	12.95	13.93	13.74	12.51	12.81
EBITA Margin %	10.29	11.7	11.65	9.93	10.34
EBIT Margin %	10.22	11.65	11.59	9.88	10.27
Income From Continuing Operations Margin %	5.59	8.16	7.89	3.84	3.26
Net Income Margin %	5.59	8.16	7.89	3.84	3.26
Net Avail. For Common Margin %	5.59	8.16	7.89	3.84	3.26
Normalized Net Income Margin	5.14	6.48	6.31	5.09	5.06
Levered Free Cash Flow Margin	13.7	6.07	5.05	2.68	3.68
Unlevered Free Cash Flow Margin	14.81	6.82	5.97	3.84	5.06
Asset Turnover
Asset Turnover	1.08	1.33	1.36	1.2	1.18
Fixed Assets Turnover	2.58	3.29	3.36	2.83	2.94
Receivables Turnover (Average Receivables)	219.25	294.76	275.5	193.45	80.36
Inventory Turnover (Average Inventory)	3.33	3.93	4	3.58	3.41
Short Term Liquidity
Current Ratio	1.66	1.73	1.88	1.95	1.95
Quick Ratio	0.45	0.48	0.55	0.49	0.49
Operating Cash Flow to Current Liabilities	0.91	0.68	0.78	0.7	0.59
Days Sales Outstanding (Average Receivables)	1.69	1.23	1.32	1.88	4.53
Days Outstanding Inventory (Average Inventory)	111.51	92.52	91.05	101.75	106.83
Average Days Payable Outstanding	36.7	29.85	32.02	33.33	29.12
Cash Conversion Cycle (Average Days)	76.5	63.9	60.36	70.3	82.24
Long Term Solvency
Total Debt/Equity	167.49	127.1	113.02	109.69	119.98
Total Debt / Total Capital	62.62	55.97	53.06	52.31	54.54
LT Debt/Equity	152.15	114.17	102.92	98.8	109.6
Long-Term Debt / Total Capital	56.88	50.27	48.31	47.11	49.82
Total Liabilities / Total Assets	69.74	64.92	62	60.6	63.43
EBIT / Interest Expense	5.19	9.07	7.45	5.2	4.46
EBITDA / Interest Expense	8.7	13.4	10.93	8.47	7
(EBITDA - Capex) / Interest Expense	7.35	10.82	7.8	5.67	5.21
Total Debt / EBITDA	2.7	2.15	2.02	2.32	2.43
Net Debt / EBITDA	2.21	1.66	1.5	1.85	2.06
Total Debt / (EBITDA - Capex)	3.2	2.67	2.83	3.46	3.27
Net Debt / (EBITDA - Capex)	2.62	2.05	2.1	2.77	2.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.67	36.78	24.62	-0.32	7.39
Gross Profit, 1 Yr. Growth %	24.42	53.04	19.98	-12.72	10.98
EBITDA, 1 Yr. Growth %	36.34	47.18	23.33	-9.25	9.93
EBITA, 1 Yr. Growth %	32.35	55.47	24.53	-15.03	11.79
EBIT, 1 Yr. Growth %	32.65	55.72	24.51	-15.04	11.65
Earnings From Cont. Operations, 1 Yr. Growth %	9.89K	99.6	20.59	-51.48	-8.97
Net Income, 1 Yr. Growth %	9.89K	99.6	20.59	-51.48	-8.97
Normalized Net Income, 1 Yr. Growth %	44.44	72.35	21.83	-19.52	6.62
Diluted EPS Before Extra, 1 Yr. Growth %	10.45K	99.05	21.19	-51.28	-8.47
Accounts Receivable, 1 Yr. Growth %	-27.32	40	28.57	52.38	228.12
Inventory, 1 Yr. Growth %	-7	35.6	17.65	10.48	13.76
Net Property, Plant and Equip., 1 Yr. Growth %	-1.6	16.9	26.45	11.63	-3.87
Total Assets, 1 Yr. Growth %	-2.94	24.52	19.9	7.48	11.16
Tangible Book Value, 1 Yr. Growth %	122.81	84.05	50.98	14.28	-23.36
Common Equity, 1 Yr. Growth %	25.45	44.35	29.89	11.44	3.17
Cash From Operations, 1 Yr. Growth %	80.5	-0.87	24.43	-9.72	-3.97
Capital Expenditures, 1 Yr. Growth %	7.67	70.12	82.93	8.8	-16.67
Levered Free Cash Flow, 1 Yr. Growth %	219.73	-39.31	-1.59	-47.03	47.14
Unlevered Free Cash Flow, 1 Yr. Growth %	167.79	-36.95	4.18	-35.93	41.6
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.17	23.59	30.56	11.46	3.46
Gross Profit, 2 Yr. CAGR %	30.44	37.89	35.51	2.33	-1.58
EBITDA, 2 Yr. CAGR %	31.71	41.68	34.49	5.79	-0.12
EBITA, 2 Yr. CAGR %	29.28	43.5	38.86	2.87	-2.54
EBIT, 2 Yr. CAGR %	31.97	43.78	38.96	2.85	-2.61
Earnings From Cont. Operations, 2 Yr. CAGR %	90.86	1.31K	55.15	-23.5	-33.54
Net Income, 2 Yr. CAGR %	434.99	1.31K	55.15	-23.5	-33.54
Normalized Net Income, 2 Yr. CAGR %	63.04	57.88	44.57	-0.98	-7.37
Diluted EPS Before Extra, 2 Yr. CAGR %	66.22	1.35K	55.32	-23.16	-33.22
Accounts Receivable, 2 Yr. CAGR %	-38.03	1.24	34.16	39.97	123.61
Inventory, 2 Yr. CAGR %	6.32	12.3	25.4	14.01	12.1
Net Property, Plant and Equip., 2 Yr. CAGR %	85.21	7.25	21.58	18.81	3.59
Total Assets, 2 Yr. CAGR %	27.02	9.94	22.19	13.52	9.31
Tangible Book Value, 2 Yr. CAGR %	39.57	102.53	64.23	31.36	-6.42
Common Equity, 2 Yr. CAGR %	80.82	34.56	36.93	20.31	7.23
Cash From Operations, 2 Yr. CAGR %	63.45	33.74	11.06	5.99	-6.89
Capital Expenditures, 2 Yr. CAGR %	-17.4	35.43	76.41	41.08	-4.78
Levered Free Cash Flow, 2 Yr. CAGR %	732.47	39.24	-20.68	-27.8	-11.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	194.56	29.88	-17.04	-18.3	-4.75
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.77	16.97	23.93	19.33	10.08
Gross Profit, 3 Yr. CAGR %	29.13	37.51	31.64	17.02	5.14
EBITDA, 3 Yr. CAGR %	29.06	36.69	35.12	17.97	7.15
EBITA, 3 Yr. CAGR %	29.67	37.52	36.69	17.89	5.76
EBIT, 3 Yr. CAGR %	31.99	39.49	36.86	17.94	5.7
Earnings From Cont. Operations, 3 Yr. CAGR %	464.81	93.69	521.65	5.31	-18.94
Net Income, 3 Yr. CAGR %	402.51	285.06	521.65	5.31	-18.94
Normalized Net Income, 3 Yr. CAGR %	95.3	66.15	44.58	18.92	1.49
Diluted EPS Before Extra, 3 Yr. CAGR %	267.91	76.51	533.72	5.53	-18.54
Accounts Receivable, 3 Yr. CAGR %	-46.84	-18.49	9.63	39.98	85.94
Inventory, 3 Yr. CAGR %	1.67	15.3	13.51	20.21	13.92
Net Property, Plant and Equip., 3 Yr. CAGR %	63.3	58.87	13.3	18.17	10.71
Total Assets, 3 Yr. CAGR %	15.92	26.18	13.16	17.07	12.73
Tangible Book Value, 3 Yr. CAGR %	15.99	53.06	81.82	45.53	9.76
Common Equity, 3 Yr. CAGR %	43.3	67.74	32.99	27.84	14.31
Cash From Operations, 3 Yr. CAGR %	53.6	38.34	30.56	3.65	2.56
Capital Expenditures, 3 Yr. CAGR %	21.8	5.14	49.7	50.16	18.37
Levered Free Cash Flow, 3 Yr. CAGR %	64.08	247.66	26.2	-30.67	-8.47
Unlevered Free Cash Flow, 3 Yr. CAGR %	146.55	76.15	22.57	-23.89	-1.86
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	17.15	19.44	19.57	14.73	15.3
Gross Profit, 5 Yr. CAGR %	13.32	15.37	31.6	22.18	17.18
EBITDA, 5 Yr. CAGR %	35.38	33.18	31.21	23.29	19.74
EBITA, 5 Yr. CAGR %	38.65	35.82	33.29	22.34	19.39
EBIT, 5 Yr. CAGR %	41.64	37.4	34.76	23.38	19.45
Earnings From Cont. Operations, 5 Yr. CAGR %	28.31	117.15	236.81	33.57	154.19
Net Income, 5 Yr. CAGR %	34.01	80.38	214	101.73	154.19
Normalized Net Income, 5 Yr. CAGR %	53.15	75.86	73.21	34.95	21
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.8	67.82	160.57	26.56	157.63
Accounts Receivable, 5 Yr. CAGR %	-23.69	-19.86	-22.9	1.19	45.8
Inventory, 5 Yr. CAGR %	10.04	14.12	10.57	14.45	12.94
Net Property, Plant and Equip., 5 Yr. CAGR %	37.76	41.19	45.12	41.44	9.31
Total Assets, 5 Yr. CAGR %	17.02	20.78	18.39	20.96	11.61
Tangible Book Value, 5 Yr. CAGR %	3.61	19.67	33.31	43.12	39.4
Common Equity, 5 Yr. CAGR %	40.89	47.9	40.72	46.86	22.01
Cash From Operations, 5 Yr. CAGR %	43.15	29.53	34.91	24.36	14.05
Capital Expenditures, 5 Yr. CAGR %	0.08	20.86	41.29	18.26	24.92
Levered Free Cash Flow, 5 Yr. CAGR %	4.74	70.14	22.66	87.34	9.39
Unlevered Free Cash Flow, 5 Yr. CAGR %	8.92	35.86	59.44	30.76	10.81