Balance Sheet Watches of Switzerland Group PLC

Equities

WOSG

GB00BJDQQ870

Apparel & Accessories Retailers

Real-time Estimate Cboe Europe Other stock markets 08:22:08 2025-07-11 EDT			5-day change	1st Jan Change
367.90 ^GBX	-2.15%		-5.21%	-34.26%

07-07	Kepler Cheuvreux Keeps Watches of Switzerland at Buy, Reduces PT	MT
07-04	Watches of Switzerland sends mixed signals

dad7575db1adef011.0MtHHRn1_ePQz1HDUFgGllYnnP86__Q_6lxx2wYVv2A.tJkTZ3bNxKL9vR-VNBZ8xy5xyc54u5tOiSk6rz9w7lS0uwp_Lo-tgb6lOg

Published financial data: WATCHES OF SWITZERLAND GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2020	2021	2022	2023	2024
Revenues	811M	905M	1.24B	1.54B	1.54B
Total Revenues	811M	905M	1.24B	1.54B	1.54B
Cost of Goods Sold, Total	715M	782M	1.05B	1.32B	1.34B
Gross Profit	95.8M	123M	189M	226M	198M
Selling General & Admin Expenses, Total	26.04M	30.74M	44.5M	47.6M	45.7M
Provision for Bad Debts	-	221K	-	-	-
Other Operating Expenses, Total	26.04M	30.96M	44.5M	47.6M	45.7M
Operating Income	69.75M	92.53M	144M	179M	152M
Interest Expense, Total	-19.33M	-17.82M	-15.9M	-24M	-29.2M
Interest And Investment Income	663K	166K	-	900K	2.9M
Net Interest Expenses	-18.67M	-17.66M	-15.9M	-23.1M	-26.3M
Currency Exchange Gains (Loss)	617K	-336K	100K	-	-300K
Other Non Operating Income (Expenses)	-190K	-130K	-	-	-
EBT, Excl. Unusual Items	51.51M	74.4M	128M	156M	125M
Merger & Related Restructuring Charges	-310K	-193K	-500K	-900K	-3.3M
Gain (Loss) On Sale Of Assets	-3.12M	-856K	-600K	-	-
Asset Writedown	-9.39M	-5.03M	400K	700K	-26.2M
Other Unusual Items	-37.2M	-4.65M	-1.5M	-700K	-3.7M
EBT, Incl. Unusual Items	1.49M	63.68M	126M	155M	92.1M
Income Tax Expense	980K	13.05M	25.2M	33M	33M
Earnings From Continuing Operations	507K	50.63M	101M	122M	59.1M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	507K	50.63M	101M	122M	59.1M
Net Income - (IS)	507K	50.63M	101M	122M	59.1M
Net Income to Common Incl Extra Items	507K	50.63M	101M	122M	59.1M
Net Income to Common Excl. Extra Items	507K	50.63M	101M	122M	59.1M
Per Share Items
Net EPS - Basic	0	0.21	0.42	0.51	0.25
Basic EPS - Continuing Operations	0	0.21	0.42	0.51	0.25
Basic Weighted Average Shares Outstanding	234M	239M	239M	238M	237M
Net EPS - Diluted	0	0.21	0.42	0.51	0.25
Diluted EPS - Continuing Operations	0	0.21	0.42	0.51	0.25
Diluted Weighted Average Shares Outstanding	234M	240M	241M	239M	238M
Normalized Basic EPS	0.14	0.19	0.34	0.41	0.33
Normalized Diluted EPS	0.14	0.19	0.33	0.41	0.33
Supplemental Items
EBITDA	85.94M	117M	172M	212M	192M
EBITA	70.36M	93.13M	145M	180M	153M
EBIT	69.75M	92.53M	144M	179M	152M
EBITDAR	91.39M	120M	180M	220M	201M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	65.9	20.49	19.97	21.32	35.83
Current Domestic Taxes	-	-	-	11.2M	9.8M
Current Foreign Taxes	-	-	-	16.7M	17M
Total Current Taxes	557K	12.89M	21M	27.9M	26.8M
Total Deferred Taxes	423K	152K	4.2M	5.1M	6.2M
Normalized Net Income	32.2M	46.5M	80.25M	97.31M	78.31M
Interest on Long-Term Debt	24.72M	16.62M	15.8M	23.6M	29.2M
Non-Cash Pension Expense	193K	197K	200K	200K	100K
Supplemental Operating Expense Items
General and Administrative Expenses	20.52M	27.97M	37M	39.9M	37.5M
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	5.45M	2.72M	7.4M	7.7M	8.2M
Imputed Operating Lease Interest Expense	2.18M	835K	2.14M	2.99M	3.47M
Imputed Operating Lease Depreciation	3.28M	1.88M	5.26M	4.71M	4.73M
Stock-Based Comp., G&A Exp. (Total)	2.88M	4.88M	1.5M	-	2.1M
Stock-Based Comp., Other (Total)	319K	825K	1.7M	3.5M	2.1M
Total Stock-Based Compensation	3.2M	5.71M	3.2M	3.5M	4.2M

Fiscal Period: April	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	72.93M	76.08M	106M	136M	116M
Total Cash And Short Term Investments	72.93M	76.08M	106M	136M	116M
Accounts Receivable, Total	4.78M	3.48M	4.9M	6.3M	9.6M
Other Receivables	8.29M	5.09M	9.6M	8.1M	10.2M
Total Receivables	13.07M	8.57M	14.5M	14.4M	19.8M
Inventory	243M	226M	307M	356M	393M
Prepaid Expenses	1.4M	3.06M	5.7M	5.9M	7.2M
Deferred Tax Assets Current	-	-	-	-	-
Total Current Assets	331M	314M	433M	513M	536M
Gross Property Plant And Equipment	407M	420M	499M	626M	726M
Accumulated Depreciation	-54.14M	-72.3M	-92.6M	-112M	-153M
Net Property Plant And Equipment	353M	347M	406M	514M	573M
Goodwill	137M	135M	160M	183M	199M
Other Intangibles, Total	17.73M	15.2M	18.1M	17.6M	16.4M
Accounts Receivable Long-Term	1.32M	606K	2.7M	2.1M	-
Deferred Tax Assets Long-Term	12.26M	14.41M	10.3M	6.2M	400K
Other Long-Term Assets, Total	-	-	-	100K	2.1M
Total Assets	852M	827M	1.03B	1.24B	1.33B
Liabilities
Accounts Payable, Total	78.41M	72.86M	112M	129M	124M
Accrued Expenses, Total	57.63M	76.74M	87.7M	90.1M	91.7M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	82.65M	-	-	-	-
Current Portion of Leases	46.2M	38.38M	46.7M	47.4M	57M
Current Income Taxes Payable	-	-	2M	4.9M	-
Unearned Revenue Current, Total	1.19M	-	-	-	-
Other Current Liabilities	780K	800K	1M	1.8M	1.9M
Total Current Liabilities	267M	189M	250M	273M	274M
Long-Term Debt	117M	118M	119M	120M	113M
Long-Term Leases	262M	263M	294M	363M	403M
Pension & Other Post Retirement Benefits	2.71M	2.57M	600K	-	200K
Deferred Tax Liability Non Current	-	-	400K	3M	3.4M
Other Non Current Liabilities	3.85M	4.61M	5.4M	6.9M	9.8M
Total Liabilities	652M	577M	669M	766M	804M
Common Stock, Total	2.99M	2.99M	3M	3M	3M
Additional Paid In Capital	147M	147M	147M	147M	147M
Retained Earnings	47.44M	106M	214M	337M	394M
Comprehensive Income and Other	1.99M	-6.26M	-3.1M	-17.8M	-21.2M
Total Common Equity	200M	250M	361M	469M	523M
Total Equity	200M	250M	361M	469M	523M
Total Liabilities And Equity	852M	827M	1.03B	1.24B	1.33B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	239M	239M	240M	240M	240M
ECS Total Common Shares Outstanding	239M	239M	240M	240M	240M
Book Value / Share	0.83	1.05	1.51	1.96	2.18
Tangible Book Value	45.26M	99.68M	184M	269M	307M
Tangible Book Value Per Share	0.19	0.42	0.77	1.12	1.28
Total Debt	508M	419M	459M	530M	574M
Net Debt	435M	343M	353M	394M	458M
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.71M	2.57M	600K	-100K	200K
Debt Equivalent Oper. Leases	43.62M	21.72M	59.2M	61.6M	65.6M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Work In Process, Total	-	-	1.8M	3.7M	4.1M
Inventories - Finished Goods, Total	243M	226M	305M	352M	389M
Land - (BS)	3.92M	3.28M	2.7M	2.5M	2.2M
Machinery, Total	152M	163M	202M	264M	342M
Full Time Employees	2K	2.02K	2.49K	2.55K	2.76K
Accumulated Allowance for Doubtful Accounts (Supple)	3.86M	193K	200K	300K	500K

Fiscal Period: April	2020	2021	2022	2023	2024
Net Income	507K	50.63M	101M	122M	59.1M
Depreciation & Amortization - CF	51.69M	61.9M	68.2M	82.6M	94.5M
Amortization of Goodwill and Intangible Assets - (CF)	611K	602K	700K	900K	800K
Depreciation & Amortization, Total	52.3M	62.5M	68.9M	83.5M	95.3M
Amortization of Deferred Charges, Total - (CF)	2.6M	3.33M	2.5M	3.1M	3.3M
(Gain) Loss From Sale Of Asset	3.12M	856K	1.4M	800K	1.1M
Asset Writedown & Restructuring Costs	9.39M	5.03M	-400K	-300K	27.4M
Stock-Based Compensation (CF)	3.2M	5.71M	3.2M	3.5M	2.1M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	38.79M	30.93M	23.3M	27.4M	25.4M
Change In Accounts Receivable	14.31M	-991K	-6.4M	1.5M	-4.4M
Change In Inventories	-35.5M	10.27M	-50.6M	-51.5M	-11.3M
Change In Accounts Payable	5.16M	3.58M	27.4M	22.1M	-6.7M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	93.88M	172M	170M	212M	191M
Capital Expenditure	-22.36M	-24.07M	-41M	-75M	-81.6M
Cash Acquisitions	-31.08M	-1.44M	-44.1M	-24.9M	-44.2M
Sale (Purchase) of Intangible assets	-1.65M	-1.96M	-2.2M	-2.7M	-2.4M
Other Investing Activities, Total	-3.28M	3.91M	-800K	7.1M	7.1M
Cash from Investing	-58.37M	-23.56M	-88.1M	-95.5M	-121M
Short Term Debt Issued, Total	53.92M	-	-	-	-
Long-Term Debt Issued, Total	120M	22.5M	-	-	115M
Total Debt Issued	174M	22.5M	-	-	115M
Short Term Debt Repaid, Total	-	-81.8M	-	-	-
Long-Term Debt Repaid, Total	-273M	-66.54M	-40.8M	-42M	-166M
Total Debt Repaid	-273M	-148M	-40.8M	-42M	-166M
Issuance of Common Stock	155M	-	-	-	-
Repurchase of Common Stock	-	-	-	-21.3M	-7.2M
Other Financing Activities, Total	-55.02M	-17.62M	-14.9M	-21.9M	-33.5M
Cash from Financing	1.52M	-143M	-55.7M	-85.2M	-91.7M
Foreign Exchange Rate Adjustments	1.37M	-1.66M	3.3M	-700K	800K
Net Change in Cash	38.39M	3.15M	29.8M	30.5M	-20.7M
Supplemental Items
Cash Interest Paid	23.43M	17.24M	14.9M	22.8M	31.3M
Cash Income Tax Paid (Refund)	7.47M	9.57M	15.6M	26.6M	33.5M
Levered Free Cash Flow	38.14M	124M	75.19M	77.95M	43.39M
Unlevered Free Cash Flow	49.41M	134M	84.42M	92.15M	61.14M
Change In Net Working Capital	27.46M	-31.8M	36.4M	31.2M	52.1M
Net Debt Issued / Repaid	-98.59M	-126M	-40.8M	-42M	-51M

Fiscal Period: April	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.39	6.89	9.71	9.87	7.41
Return on Total Capital	8.3	8.4	12.1	12.28	9.06
Return On Equity %	0.37	22.51	33.03	29.33	11.91
Return on Common Equity	0.37	22.51	33.03	29.33	11.91
Margin Analysis
Gross Profit Margin %	11.82	13.64	15.24	14.67	12.85
SG&A Margin	3.21	3.4	3.59	3.09	2.97
EBITDA Margin %	10.6	12.95	13.93	13.74	12.51
EBITA Margin %	8.68	10.29	11.7	11.65	9.93
EBIT Margin %	8.61	10.22	11.65	11.59	9.88
Income From Continuing Operations Margin %	0.06	5.59	8.16	7.89	3.84
Net Income Margin %	0.06	5.59	8.16	7.89	3.84
Net Avail. For Common Margin %	0.06	5.59	8.16	7.89	3.84
Normalized Net Income Margin	3.97	5.14	6.48	6.31	5.09
Levered Free Cash Flow Margin	4.71	13.7	6.07	5.05	2.82
Unlevered Free Cash Flow Margin	6.1	14.81	6.82	5.97	3.98
Asset Turnover
Asset Turnover	1.19	1.08	1.33	1.36	1.2
Fixed Assets Turnover	3.57	2.58	3.29	3.36	2.83
Receivables Turnover (Average Receivables)	117.21	219.25	294.76	275.5	193.45
Inventory Turnover (Average Inventory)	3.22	3.33	3.93	4	3.58
Short Term Liquidity
Current Ratio	1.24	1.66	1.73	1.88	1.95
Quick Ratio	0.32	0.45	0.48	0.55	0.49
Operating Cash Flow to Current Liabilities	0.35	0.91	0.68	0.78	0.7
Days Sales Outstanding (Average Receivables)	3.11	1.69	1.23	1.32	1.88
Days Outstanding Inventory (Average Inventory)	113	111.51	92.52	91.05	101.75
Average Days Payable Outstanding	36.92	36.7	29.85	32.02	33.33
Cash Conversion Cycle (Average Days)	79.19	76.5	63.9	60.36	70.3
Long Term Solvency
Total Debt/Equity	254.42	167.49	127.1	113.02	109.69
Total Debt / Total Capital	71.79	62.62	55.97	53.06	52.31
LT Debt/Equity	189.85	152.15	114.17	102.92	98.8
Long-Term Debt / Total Capital	53.57	56.88	50.27	48.31	47.11
Total Liabilities / Total Assets	76.57	69.74	64.92	62	60.6
EBIT / Interest Expense	3.61	5.19	9.07	7.45	5.2
EBITDA / Interest Expense	6.31	8.7	13.4	10.93	8.47
(EBITDA - Capex) / Interest Expense	5.16	7.35	10.82	7.8	5.67
Total Debt / EBITDA	4.16	2.7	2.15	2.02	2.32
Net Debt / EBITDA	3.56	2.21	1.66	1.5	1.85
Total Debt / (EBITDA - Capex)	5.09	3.2	2.67	2.83	3.46
Net Debt / (EBITDA - Capex)	4.36	2.62	2.05	2.1	2.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.78	11.67	36.78	24.62	-0.32
Gross Profit, 1 Yr. Growth %	32	24.42	53.04	19.98	-12.72
EBITDA, 1 Yr. Growth %	27.23	36.34	47.18	23.33	-9.25
EBITA, 1 Yr. Growth %	26.28	32.35	55.47	24.53	-15.03
EBIT, 1 Yr. Growth %	31.29	32.65	55.72	24.51	-15.04
Earnings From Cont. Operations, 1 Yr. Growth %	-96.35	9.89K	99.6	20.59	-51.48
Net Income, 1 Yr. Growth %	-128.66	9.89K	99.6	20.59	-51.48
Normalized Net Income, 1 Yr. Growth %	84.03	44.44	72.35	21.83	-19.52
Diluted EPS Before Extra, 1 Yr. Growth %	-97.16	10.45K	99.05	21.19	-51.28
Accounts Receivable, 1 Yr. Growth %	-47.17	-27.32	40	28.57	52.38
Inventory, 1 Yr. Growth %	21.58	-7	35.6	17.65	10.48
Net Property, Plant and Equip., 1 Yr. Growth %	248.61	-1.6	16.9	26.45	11.63
Total Assets, 1 Yr. Growth %	66.13	-2.94	24.52	19.9	7.48
Tangible Book Value, 1 Yr. Growth %	-188.45	122.81	84.05	50.98	14.28
Common Equity, 1 Yr. Growth %	160.64	25.45	44.35	29.89	11.44
Cash From Operations, 1 Yr. Growth %	45.94	80.5	-0.87	24.43	-9.72
Capital Expenditures, 1 Yr. Growth %	-36.64	7.67	70.12	82.93	8.8
Levered Free Cash Flow, 1 Yr. Growth %	2.03K	219.73	-39.31	-1.59	-46.73
Unlevered Free Cash Flow, 1 Yr. Growth %	219.89	167.79	-36.95	4.18	-36.08
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.32	8.17	23.59	30.56	11.46
Gross Profit, 2 Yr. CAGR %	29.24	30.44	37.89	35.51	2.33
EBITDA, 2 Yr. CAGR %	25.57	31.71	41.68	34.49	5.79
EBITA, 2 Yr. CAGR %	28.35	29.28	43.5	38.86	2.87
EBIT, 2 Yr. CAGR %	31.66	31.97	43.78	38.96	2.85
Earnings From Cont. Operations, 2 Yr. CAGR %	34.32	90.86	1.31K	55.15	-23.5
Net Income, 2 Yr. CAGR %	12.72	434.99	1.31K	55.15	-23.5
Normalized Net Income, 2 Yr. CAGR %	127.1	63.04	57.88	44.57	-0.98
Diluted EPS Before Extra, 2 Yr. CAGR %	-28.47	66.22	1.35K	55.32	-23.16
Accounts Receivable, 2 Yr. CAGR %	-54.54	-38.03	1.24	34.16	39.97
Inventory, 2 Yr. CAGR %	6.31	6.32	12.3	25.4	14.01
Net Property, Plant and Equip., 2 Yr. CAGR %	110.37	85.21	7.25	21.58	18.81
Total Assets, 2 Yr. CAGR %	26.65	27.02	9.94	22.19	13.52
Tangible Book Value, 2 Yr. CAGR %	-15.82	39.57	102.53	64.23	31.36
Common Equity, 2 Yr. CAGR %	53.17	80.82	34.56	36.93	20.31
Cash From Operations, 2 Yr. CAGR %	40.7	63.45	33.74	11.06	5.99
Capital Expenditures, 2 Yr. CAGR %	29.54	-17.4	35.43	76.41	41.08
Levered Free Cash Flow, 2 Yr. CAGR %	16.57	732.47	39.24	-20.68	-25.99
Unlevered Free Cash Flow, 2 Yr. CAGR %	135.05	194.56	29.88	-17.04	-16.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	16.75	12.77	16.97	23.93	19.33
Gross Profit, 3 Yr. CAGR %	1.24	29.13	37.51	31.64	17.02
EBITDA, 3 Yr. CAGR %	27.8	29.06	36.69	35.12	17.97
EBITA, 3 Yr. CAGR %	30.92	29.67	37.52	36.69	17.89
EBIT, 3 Yr. CAGR %	33.3	31.99	39.49	36.86	17.94
Earnings From Cont. Operations, 3 Yr. CAGR %	-37.65	464.81	93.69	521.65	5.31
Net Income, 3 Yr. CAGR %	-54.23	402.51	285.06	521.65	5.31
Normalized Net Income, 3 Yr. CAGR %	88.98	95.3	66.15	44.58	18.92
Diluted EPS Before Extra, 3 Yr. CAGR %	-59.04	267.91	76.51	533.72	5.53
Accounts Receivable, 3 Yr. CAGR %	-31.41	-46.84	-18.49	9.63	39.98
Inventory, 3 Yr. CAGR %	15.36	1.67	15.3	13.51	20.21
Net Property, Plant and Equip., 3 Yr. CAGR %	69.58	63.3	58.87	13.3	18.17
Total Assets, 3 Yr. CAGR %	28.58	15.92	26.18	13.16	17.07
Tangible Book Value, 3 Yr. CAGR %	-15.41	15.99	53.06	81.82	45.53
Common Equity, 3 Yr. CAGR %	57.53	43.3	67.74	32.99	27.84
Cash From Operations, 3 Yr. CAGR %	26.2	53.6	38.34	30.56	3.65
Capital Expenditures, 3 Yr. CAGR %	12.03	21.8	5.14	49.7	50.16
Levered Free Cash Flow, 3 Yr. CAGR %	93.4	64.08	247.66	26.2	-29.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	39.41	146.55	76.15	22.57	-23
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.79	17.15	19.44	19.57	14.73
Gross Profit, 5 Yr. CAGR %	26.05	13.32	15.37	31.6	22.18
EBITDA, 5 Yr. CAGR %	25.02	35.38	33.18	31.21	23.29
EBITA, 5 Yr. CAGR %	48.72	38.65	35.82	33.29	22.34
EBIT, 5 Yr. CAGR %	48.46	41.64	37.4	34.76	23.38
Earnings From Cont. Operations, 5 Yr. CAGR %	-47.27	28.31	117.15	236.81	33.57
Net Income, 5 Yr. CAGR %	-47.27	34.01	80.38	214	101.73
Normalized Net Income, 5 Yr. CAGR %	36.59	53.15	75.86	73.21	34.95
Diluted EPS Before Extra, 5 Yr. CAGR %	-59.02	-0.8	67.82	160.57	26.56
Accounts Receivable, 5 Yr. CAGR %	1.12	-23.69	-19.86	-22.9	1.19
Inventory, 5 Yr. CAGR %	13.6	10.04	14.12	10.57	14.45
Net Property, Plant and Equip., 5 Yr. CAGR %	46.46	37.76	41.19	45.12	41.44
Total Assets, 5 Yr. CAGR %	21.33	17.02	20.78	18.39	20.96
Tangible Book Value, 5 Yr. CAGR %	-7.18	3.61	19.67	33.31	43.12
Common Equity, 5 Yr. CAGR %	30.71	40.89	47.9	40.72	46.86
Cash From Operations, 5 Yr. CAGR %	56.44	43.15	29.53	34.91	24.36
Capital Expenditures, 5 Yr. CAGR %	1.52	0.08	20.86	41.29	18.26
Levered Free Cash Flow, 5 Yr. CAGR %	40.36	4.74	70.14	22.66	89.21
Unlevered Free Cash Flow, 5 Yr. CAGR %	73.37	8.92	35.86	59.44	31.67