Watches of Switzerland Group (WOSG)

Sector:

Personal Goods

Index:

FTSE 250

336.80p
   
  • Change Today:
      11.80p
  • 52 Week High: 773.00
  • 52 Week Low: 324.00
  • Currency: UK Pounds
  • Shares Issued: 239.57m
  • Volume: 8,182,856
  • Market Cap: £806.87m
  • RiskGrade: 202

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Apr-23 01-May-22 02-May-21 26-Apr-20 28-Apr-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0%
           
Continuing Operations          
PE Ratio - Adjusted 16.1 24.0 30.3 13.0 n/a
PE Ratio - Diluted 16.3
16.2		 24.3
24.1		 34.7
28.5		 1,060.0
13.2		 n/a
n/a
PEG - Adjusted 0.8 0.3 0.6 0.3 n/a
PEG - Diluted 0.8
0.8		 0.2
0.4		 0.0
0.5		 n/a
0.3		 n/a
n/a
Return on Capital Employed 22.10%
22.10%		 22.14%
22.31%		 0.16%
0.18%		 8.72%
11.77%		 20.84%
23.76%
Operating Margin 11.53%
11.58%		 11.48%
11.57%		 9.05%
10.08%		 5.96%
8.04%		 5.88%
6.70%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.1 24.0 3,000.2 13.0 n/a
PE Ratio - Diluted 16.3
16.2		 24.3
24.1		 3,441.0
2,827.4		 1,060.0
13.2		 n/a
n/a
PEG - Adjusted 0.8 0.0 n/a 0.3 n/a
PEG - Diluted 0.8
0.8		 0.0
0.0		 573.5
n/a		 n/a
0.4		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Apr-23 01-May-22 02-May-21 26-Apr-20 28-Apr-19
Net Gearing 83.95% 97.79% 137.10% 217.88% 303.76%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Apr-23 01-May-22 02-May-21 26-Apr-20 28-Apr-19
Price/Book Value 7.3 13.7 17.6 11.1 n/a
Price/Tangible Book Value 7.3 13.7 17.6 11.1 n/a
Price/ Cash Flow 9.3 14.4 10.2 5.2 n/a
Price/Revenue 1.28 1.98 192.09 0.61 n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 113.15p 74.37p 41.63p 19.14p (28.11p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Apr-23 01-May-22 02-May-21 26-Apr-20 28-Apr-19
Continuing Operations          
Revenue 1,542.80 1,238.00 9.14 810.51 773.52
EBITDA 263.70
264.40		 212.80
213.90		 1.48
1.57		 102.37
119.22		 45.49
51.84
Depreciation (85.80)
(85.80)		 (70.70)
(70.70)		 (0.65)
(0.65)		 (54.08)
(54.08)		 n/a
n/a
Net Interest (23.10)
(22.50)		 (15.90)
(15.90)		 (0.18)
(0.18)		 (46.80)
(18.31)		 (25.37)
(25.37)
Profit Before Tax 154.80
156.10		 126.20
127.30		 0.64
0.74		 1.49
46.83		 20.12
26.47
           
Revenue per Share 649.22p 516.95p 3.82p 346.71p 425.01p
Pre-Tax Profit per Share 65.14p
65.69p		 52.70p
53.16p		 0.27p
0.31p		 0.64p
20.03p		 11.05p
14.54p
Market Capitalisation £ (Millions) 1,992.03 2,446.01 1,755.21 507.65 n/a
Enterprise Value (EV) £ (Millions) 2,519.83 2,904.61 2,172.58 1,009.09 267.10
EBITDA/EV 10.47%
10.49%		 7.33%
7.36%		 0.07%
0.07%		 10.14%
11.81%		 17.03%
19.41%
Operating Margin 11.53%
11.58%		 11.48%
11.57%		 9.05%
10.08%		 5.96%
8.04%		 5.88%
6.70%
Capital Employed £ (Millions) 808.30 641.80 521.39 553.63 218.20
Return on Capital Employed 22.10%
22.10%		 22.14%
22.31%		 0.16%
0.18%		 8.72%
11.77%		 20.84%
23.76%
Invested Equity Capital £ (Millions) 478.30 365.80 252.78 200.75 78.83
           
Earnings per Share - Basic 51.20p
51.80p		 42.20p
42.63p		 21.10p
25.78p		 0.20p
16.12p		 (1.00p)
11.08p
Earnings per Share - Diluted 50.90p
51.43p		 42.00p
42.44p		 21.10p
25.76p		 0.20p
16.12p		 7.60p
11.08p
Earnings per Share - Adjusted 51.50p 42.60p 24.20p 16.30p 11.80p
Earnings per Share Growth - Basic 21%
22%		 100%
65%		 10,450%
60%		 n/a
45%		 n/a
311%
Earnings per Share Growth - Diluted 21%
21%		 99%
65%		 10,450%
60%		 -97%
45%		 1,800%
311%
Earnings per Share Growth - Adjusted 21% 76% 48% 38% 337%
PE Ratio - Diluted 16.3
16.2		 24.3
24.1		 34.7
28.5		 1,060.0
13.2		 n/a
n/a
PEG - Diluted 0.8
0.8		 0.2
0.4		 0.0
0.5		 n/a
0.3		 n/a
n/a
Tax Rate 21.32% 19.97% 20.49% 65.90% 30.92%
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Interest Cover 7.45
7.67		 8.89
8.96		 4.46
4.97		 1.03
3.39		 1.76
2.00
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 51.20p
51.80p		 42.20p
42.63p		 0.21p
0.26p		 0.20p
16.12p		 (1.00p)
11.78p
Earnings per Share - Diluted 50.90p
51.43p		 42.00p
42.44p		 0.21p
0.26p		 0.20p
16.12p		 7.60p
11.78p
Earnings per Share - Adjusted 51.50p 42.60p 0.24p 16.30p 11.80p
Earnings per Share Growth - Basic 21%
22%		 19,710%
16,334%		 6%
-98%		 n/a
37%		 n/a
1,857%
Earnings per Share Growth - Diluted 21%
21%		 19,616%
16,269%		 6%
-98%		 -97%
37%		 1,167%
1,857%
Earnings per Share Growth - Adjusted 21% 17,336% -98% 38% 337%
PE Ratio - Diluted 16.3
16.2		 24.3
24.1		 3,441.0
2,827.4		 1,060.0
13.2		 n/a
n/a
PEG - Diluted 0.8
0.8		 0.0
0.0		 573.5
n/a		 n/a
0.4		 n/a
n/a
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Equity (ROE) 25.47%
25.74%		 27.61%
27.91%		 0.20%
0.25%		 0.25%
18.77%		 (2.24%)
27.19%
Operating Cash Flow per Share 89.17p 71.11p 71.76p 40.73p 35.34p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 13.13p 11.07p 0.020p 15.84p (8.24p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share n/a n/a n/a n/a n/a
Dividend per Share Growth n/a n/a n/a n/a n/a
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0%
Shareholders Funds 469.30 361.30 250.32 199.54 76.56
Net Borrowings £ (Millions) 394.00 353.30 343.18 434.75 232.56
Net Asset Value per Share (inc. Intangibles) 113.15p 74.37p 41.63p 19.14p (28.11p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Apr-23 01-May-22 02-May-21 26-Apr-20 28-Apr-19
Shareholders' Funds inc Intangibles 469.30 361.30 250.32 199.54 76.56
Net Borrowings £ (Millions) 394.00 353.30 343.18 434.75 232.56
Net Gearing 83.95% 97.79% 137.10% 217.88% 303.76%
Cash & Near Cash 136.40 105.90 76.08 72.93 34.54
Cash 29.06% 29.31% 30.39% 36.55% 45.11%
Gross Borrowings 530.40 459.20 419.25 507.68 267.10
Gross Gearing 113.02% 127.10% 167.49% 254.42% 348.88%
Borrowings Under 5 years 530.40 459.20 419.25 507.68 267.10
Under 5 years 113.02% 127.10% 167.49% 254.42% 348.88%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 30-Apr-23 01-May-22 02-May-21 26-Apr-20 28-Apr-19
Shareholders' Funds exc Intangibles 268.90 178.10 99.68 44.74 (51.17)
Net Borrowings £ (Millions) 394.00 353.30 343.18 434.75 232.56
Net Gearing 146.52% 198.37% 344.27% 971.77% n/a
Cash & Near Cash 136.40 105.90 76.08 72.93 34.54
Cash 50.73% 59.46% 76.32% 163.01% (67.50%)
Gross Borrowings 530.40 459.20 419.25 507.68 267.10
Gross Gearing 197.25% 257.83% 420.59% 1,134.78% 521.98%
Borrowings Under 5 years 530.40 459.20 419.25 507.68 267.10
Under 5 years 197.25% 257.83% 420.59% 1,134.78% (521.98%)
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 30-Apr-23 01-May-22 02-May-21 26-Apr-20 28-Apr-19
Quick Ratio 0.57 0.50 0.46 0.33 0.41
Current Ratio 1.88 1.72 1.66 1.24 1.59

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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