The Swatch Group AG ADR

SWGAY: PINX (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$96.20	Btwjq	Nnxmbmc

Swatch Earnings: Strong Sales Growth, Profitability Maintained Despite Foreign Exchange Headwinds

Jelena Sokolova

Apr 3, 2024

We are maintaining our fair value estimate for narrow-moat Swatch Group as we incorporate full-year 2023 figures into our forecasts. We believe shares are undervalued at current levels.

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