SWATCH GROUP I
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Swatch (watchmaking): Highly exposed to luxury and discretionary

Swatch (watchmaking): Highly exposed to luxury and discretionary consumer spending, it will depend on the demand for high-end watches.

Trading at 32.4% below estimate of its fair value

Earnings are forecast to grow 16.62% per year


Dividend of 4.29% is not well covered by free cash flows
Profit margins (7.1%) are lower than last year (12.4%)
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