The Swatch Group AG (UHRA) - Net Assets
Based on the latest financial reports, The Swatch Group AG (UHRA) has net assets worth €11.68 Billion EUR as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€13.56 Billion) and total liabilities (€1.88 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €11.68 Billion |
| % of Total Assets | 86.16% |
| Annual Growth Rate | 1.24% |
| 5-Year Change | 11.42% |
| 10-Year Change | N/A |
| Growth Volatility | 2.91 |
The Swatch Group AG - Net Assets Trend (2016–2024)
This chart illustrates how The Swatch Group AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Swatch Group AG (2016–2024)
The table below shows the annual net assets of The Swatch Group AG from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €12.22 Billion | -0.33% |
| 2023-12-31 | €12.26 Billion | +1.72% |
| 2022-12-31 | €12.05 Billion | +3.84% |
| 2021-12-31 | €11.61 Billion | +5.84% |
| 2020-12-31 | €10.96 Billion | -4.59% |
| 2019-12-31 | €11.49 Billion | +1.94% |
| 2018-12-31 | €11.27 Billion | -0.13% |
| 2017-12-31 | €11.29 Billion | +1.95% |
| 2016-12-31 | €11.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Swatch Group AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €15.27 Billion | 126.11% |
| Total Equity | €12.11 Billion | 100.00% |
The Swatch Group AG Competitors by Market Cap
The table below lists competitors of The Swatch Group AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rakuten Bank, Ltd.
F:N5G
|
$6.60 Billion |
|
China Oilfield Services Ltd Class A
SHG:601808
|
$6.61 Billion |
|
KANDENKO CO. LTD
F:5EY
|
$6.61 Billion |
|
Yealink Network Technology Corp Ltd
SHE:300628
|
$6.61 Billion |
|
Shin Kong Financial Holding Co Ltd
TW:2888
|
$6.58 Billion |
|
Pharmaron Beijing Co Ltd
SHE:300759
|
$6.58 Billion |
|
Samsung Engineering
KO:028050
|
$6.58 Billion |
|
Guangzhou Friendship Group Co Ltd
SHE:000987
|
$6.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Swatch Group AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,197,000,000 to 12,112,000,000, a change of -85,000,000 (-0.7%).
- Net income of 193,000,000 contributed positively to equity growth.
- Dividend payments of 335,000,000 reduced retained earnings.
- Share repurchases of 50,000,000 reduced equity.
- New share issuances of 1,000,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €193.00 Million | +1.59% |
| Dividends Paid | €335.00 Million | -2.77% |
| Share Repurchases | €50.00 Million | -0.41% |
| Share Issuances | €1.00 Million | +0.01% |
| Other Changes | €106.00 Million | +0.88% |
| Total Change | €- | -0.70% |
Book Value vs Market Value Analysis
This analysis compares The Swatch Group AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.04x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €212.52 | €9.80 | x |
| 2018-12-31 | €216.36 | €9.80 | x |
| 2019-12-31 | €220.94 | €9.80 | x |
| 2020-12-31 | €210.48 | €9.80 | x |
| 2021-12-31 | €222.74 | €9.80 | x |
| 2022-12-31 | €231.21 | €9.80 | x |
| 2023-12-31 | €235.13 | €9.80 | x |
| 2024-12-31 | €233.50 | €9.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Swatch Group AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.87%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.16x
- Recent ROE (1.59%) is below the historical average (5.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.22% | 7.60% | 0.58x | 1.19x | €-524.70 Million |
| 2017 | 6.54% | 9.21% | 0.59x | 1.20x | €-387.10 Million |
| 2018 | 7.55% | 9.97% | 0.62x | 1.22x | €-273.50 Million |
| 2019 | 6.40% | 8.86% | 0.60x | 1.20x | €-410.50 Million |
| 2020 | -0.47% | -0.91% | 0.43x | 1.18x | €-1.14 Billion |
| 2021 | 6.63% | 10.46% | 0.53x | 1.19x | €-389.00 Million |
| 2022 | 6.73% | 10.76% | 0.54x | 1.16x | €-391.50 Million |
| 2023 | 7.12% | 11.02% | 0.55x | 1.17x | €-350.70 Million |
| 2024 | 1.59% | 2.87% | 0.48x | 1.16x | €-1.02 Billion |
Industry Comparison
This section compares The Swatch Group AG's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $2,034,328,752
- Average return on equity (ROE) among peers: 5.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Swatch Group AG (UHRA) | €11.68 Billion | 5.22% | 0.16x | $6.59 Billion |
| Mokingran Jewellery Group Co., Ltd. (0HY) | $1.92 Billion | 11.98% | 1.09x | $422.22 Million |
| Maxi-Cash Financial Services Corporation Ltd (5MX) | $150.56 Million | 9.60% | 2.87x | $407.28 Million |
| WATCH.O.SWITZ.GR.LS-0125 (5WS) | $469.30 Million | 25.95% | 1.63x | $1.29 Billion |
| The RealReal Inc (6RR) | $-176.99 Million | 0.00% | 0.00x | $1.29 Billion |
| Brunello Cucinelli S.p.A. (8BU0) | $506.59 Million | 23.58% | 2.44x | $5.47 Billion |
| Bijou Brigitte modische Accessoires Aktiengesellschaft (BIJ) | $240.81 Million | 10.41% | 0.15x | $331.20 Million |
| Citychamp Watch & Jewellery Group Limited (CJR) | $4.62 Billion | -2.18% | 3.32x | $45.79 Million |
| Chow Sang Sang Holdings International Limited (CJW1) | $8.02 Billion | 15.20% | 0.41x | $1.05 Billion |
| elumeo SE (ELB) | $38.98 Million | -39.83% | 0.59x | $11.14 Million |
| Emperor Watch & Jewellery Limited (EPU) | $4.55 Billion | 0.75% | 0.27x | $210.47 Million |
About The Swatch Group AG
The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components in Switzerland, rest of Europe, Greater China, rest of Asia, America, Oceania, and Africa. It operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry. Its Electronic Systems segment en… Read more