Loading…
Swiss luxury goods group owning jewelry and watch maisons including Cartier, Van Cleef & Arpels, and Piaget.
Swiss luxury goods group owning jewelry and watch maisons including Cartier, Van Cleef & Arpels, and Piaget.
Jewelry houses carry the group, selling mainly through their own boutiques, while watches also rely on wholesalers. It handed its online fashion business Yoox Net-a-Porter to Mytheresa in 2025 to concentrate on jewelry and watches. Johann Rupert keeps voting control through a separate class of shares.
In one line: A Swiss LVMH-lite focused on jewelry and watches.
Moat: narrow (brand, scale, IP / patents). Iconic heritage jewelry brands with decades of craftsmanship reputation, though luxury demand is discretionary.
Headquarters: Geneva, Switzerland · Founded: 1988
Size Compagnie Financiere Richemont (CFR.SW) is a Switzerland Consumer Discretionary company (Other Consumer Specialties) with a market value of $122B, the 6th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 169.65 on 6 Nov 2026.
Performance Over six months the shares gained 9.8%, against +0.9% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 2.4% over the last twelve months (peer median +10.8%); the operating margin is 20.8% (peer median 12.1%).
Valuation It trades at 24.8× forward earnings against a peer median of 20.8× (8th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 10.9 points above its cost of capital (7.4% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 20.8B | CHF 20.9B | CHF 20.4B | CHF 19.8B | CHF 19.8B |
| Revenue growth | — | +2% | +3% | 0% | — |
| Gross profit | CHF 13.4B | CHF 13.4B | CHF 13.6B | CHF 13.4B | CHF 13.6B |
| EBITDA | CHF 5.82B | CHF 5.82B | CHF 5.81B | CHF 6.05B | CHF 6.41B |
| Net income | CHF 3.24B | CHF 3.24B | CHF 2.62B | CHF 2.27B | CHF 311M |
| Free cash flow | CHF 3.58B | CHF 3.61B | CHF 3.23B | CHF 3.66B | CHF 3.61B |
| Capital expenditure | CHF 998M | CHF 1.00B | CHF 1.12B | CHF 981M | CHF 978M |
| Total debt | n/a | CHF 12.5B | CHF 12.6B | CHF 15.9B | CHF 15.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Compagnie Financiere Richemont CFR.SW | $122B | +10% | +2% | 21% | 24.8× | 10.5% |
| LVMH Moet Hennessy Louis Vuitton MC.PA | $226B | -11% | -4% | 22% | 18.6× | 10.2% |
| Kering KER.PA | $25.7B | -23% | -9% | 11% | 30.9× | 12.2% |
| Swatch Group Ltd. Bearer UHR.SW | $11.3B | -13% | 0% | 2% | 43.1× | 21.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CFR.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.7% | +2.1% | 9th lowest of 21 |
| 6-month return | +9.8% | +0.9% | 8th highest of 20 |
| Distance from 52-week high | -16.1% | -23.9% | 7th highest of 21 |
| Revenue growth (TTM) | +2.4% | +10.8% | 7th lowest of 21 |
| Operating margin | 20.8% | 12.1% | 5th highest of 21 |
| Forward P/E | 24.8× | 20.8× | 8th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 10.5% | 9.7% | 6th most demanding of 13 |
| Growth delivered (Del g) | +8.1% | +13.5% | 5th lowest of 13 |
| Hurdle (Req g minus delivered) | +2.5 pp | -12.4 pp | 5th most demanding of 13 |
| ROIC minus cost of capital | +10.9 pp | +6.8 pp | 8th highest of 20 |
| EV / EBITDA | 16.5× | 15.2× | 7th most expensive of 15 |
| Net debt / EBITDA | -0.6× | 1.0× | 5th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Compagnie Financiere Richemont CFR.SW | Switzerland | $122B | +10% | +2% | 21% | 24.8× | 10.5% | +8.1% |
| Titan TITAN.NS | India | $46.9B | +16% | +45% | 9% | 68.6× | n/a | n/a |
| Chow Tai Fook 1929.HK | Hong Kong | $15.0B | +3% | +5% | 19% | 11.3× | -8.1% | +6.1% |
| Swatch Group Ltd. Bearer UHR.SW | Switzerland | $11.3B | -13% | 0% | 2% | 43.1× | 21.6% | +2.3% |
| Pandora A/S PNDORA.CO | Denmark | $10.1B | +67% | +1% | 24% | 13.7× | -6.9% | +11.4% |
| Laopu Gold 6181.HK | Hong Kong | $6.84B | -48% | +109% | 27% | 6.9× | n/a | n/a |
| Seiko 8050.T | Japan | $4.71B | +54% | +16% | 11% | 21.0× | 24.4% | +10.6% |
| Samsonite 1910.HK | Hong Kong | $2.52B | -6% | +1% | 15% | 10.3× | -12.2% | +18.0% |
| Lao Feng Xiang 600612.SS | China | $2.04B | -17% | -40% | 6% | 17.2× | -16.9% | +0.4% |
| China National Gold Group Gold Jewellery 600916.SS | China | $1.80B | -20% | -9% | 0% | 28.6× | 24.2% | +15.6% |
| PC Jeweller PCJEWELLER.NS | India | $1.63B | +67% | +29% | 24% | n/a | n/a | n/a |
| Sky Gold and Diamonds SKYGOLD.NS | India | $1.56B | +92% | +73% | 7% | 31.5× | n/a | n/a |
| Savaria SIS.TO | Canada | $1.53B | +3% | +7% | 14% | 19.9× | 9.3% | +20.8% |
| Thangamayil Jewellery THANGAMAYL.NS | India | $1.37B | +1% | +78% | 6% | 29.4× | 28.5% | +36.1% |
| Mokingran Jewellery 2585.HK | Hong Kong | $1.37B | +118% | +5% | 4% | 29.7× | n/a | n/a |
| DR Corporation Limited Class A 301177.SZ | China | $1.29B | -26% | -4% | -6% | 124.3× | n/a | n/a |
| Gens Aurea OROX.MI | Italy | $1.27B | n/a | +95% | 11% | n/a | n/a | n/a |
| Mitsubishi Pencil 7976.T | Japan | $1.16B | +52% | +6% | 13% | 20.6× | n/a | n/a |
| Guangdong CHJ Industry 002345.SZ | China | $1.11B | -19% | +14% | 13% | 10.8× | -11.5% | +23.9% |
| Beijing Kingee Culture Development 002721.SZ | China | $965M | -21% | +45% | 15% | n/a | 26.5% | -25.9% |
| Wiselink 8932.TWO | Taiwan | $941M | -19% | +24% | 47% | n/a | 10.0% | +23.2% |