Looking to learn about an investment in a “Rolex Stock?” Many people dream of owning a Rolex. Rolex watches are a symbol for wealth, quality and understatement. But nowadays buying a Rolex watch has become more difficult than ever. There seems to be a lack of supply and therefore. Rolex steel sport (or “Professional”) watches are the most visible examples — think Submariners, GMT Master IIs, Explorers and, of course, Daytonas. But even some Rolex Oyster Perpetuals are hard to get and sell for way above retail. The scarcity of these watches are an indicator that investing in Rolex could be a smart investment. This is why we have created a guide showing you how to invest and profit from this Suisse watch company.
What is Rolex?
As we have already pointed out, Rolex is a prestigious Swiss watchmaker with headquarters in Geneva, Switzerland. The company was originally founded in 1905. The main reason for the popularity of the brand is its quality and the fact that Rolex doesn’t go in and out of fashion. Classic models like the Day-Date, Oyster Perpetual, Datejust, Submariner, and Explorer are recognizably the same from one decade to the next. In addition, in 1910-14, the fact that the company was awarded a ratified certificate of chronometric performance boosted its popularity among wealthy watch fans.
Most Expensive Rolex in the World?
According to luxe.digital “the Rolex GMT Master II Ice is the most expensive model range in the current collection with prices starting from $485,350.
The Paul Newman Daytona is the single most expensive Rolex ever sold. It was purchased for $17.8 million during an auction in October 2017.” These high prices make it very interesting to check investments in a Rolex Stock.
Rolex Most Popular Models?
Some say that the single most popular Rolex model of all time is the Rolex Submariner. It was designed with scuba diving enthusiasts in mind. Others say the Rolex Daytona is the most popular model.
Post Popular Rolex Owners?
“Paul Newman, Steve McQueen, Elle Macpherson, Winston Churchill, Dr Martin Luther King, Che Guevara, John F Kennedy, Marlon Brando, Cristiano Ronaldo, and Victoria Beckham are just some of the most popular Rolex owners.” Rolex sponsors several celebrities to wear and advertise their watches. Here are some of them: Gary Player, Arnold Palmer, Roger Penske, Jean Claude Killy, and Dame Kiri Te Kanawa
How to Buy a Rolex Stock
Since 1960, the company has been owned by the Hans Wilsdorf Foundation, a private family trust. So a direct buy of Rolex stock is not possible since the company is not public. But an interesting alternative is to invest in a luxurious retail company called Watches of Switzerland. The authorized luxurious watch retailer sells some of the world’s finest watches. Here are some of their impressive brands:
- Rolex
- Patek Philippe
- Breitling
- Blancpain
- Cartier
- Franck Muller
- Chopard
- IWC Schaffhausen
- Jaeger-LeCoultre
- Longines
- Omega
- Vacheron Constantin
Since Rolex sales are an important part of the Watches of Switzerland Group income buying their stock could be an attractive investment.
The group is made up of Rolex, Cartier, and Patek Philippe SA. Together, these companies hold a monopoly over the Swiss watch industry. However, their reach extends all around the world. You can’t go anywhere without having heard of at least one of the brands in this group.
While you can invest directly in this group, you can also use what you learn about the companies it’s made to invest elsewhere. The thing that makes each of these companies worth investing in is their brand and reputation on the market. They’re well-known for quality, but that doesn’t mean that they’re the only companies known for it.
If you can’t afford a share in the Watches of Switzerland Group, look elsewhere at what similar companies are doing. If you notice a stylish new watch company gaining traction, they could be worth investing in instead.
Rolex Stock Symbol?
The Watches of Switzerland Group is traded under the stock symbol WOSG.L. It was successfully listed on the London Stock Exchange on June 4, 2019 and has its headquarter in Aurum House, 2 Elland Road, Braunstone, Leicester.
Rolex Stock Market Price
Please check here for the current market price of the stock.
Should You Invest in Rolex?
According to marketbeat “Watches of Switzerland Group PLC operates as a retailer of luxury watches. The company offers luxury watches and jewelry; fashion and classic watches and jewelry; and gifts, as well as provides servicing, repairs, and insurance services for fashion and classic watches and jewelry. It operates 131 showrooms in the United Kingdom and 40 showrooms in the United States, as well as through seven transactional websites under the Goldsmiths, Mappin & Webb, Watches of Switzerland, Mayors Jewelers, and Betteridge brands. The company was founded in 1775 and is headquartered in Leicester, the United Kingdom.
Rolex is one of the most prestigious companies in the world. Owning a piece of that company would only enhance your portfolio. However, since the company is already doing extremely well, their shares will cost quite a lot. Rolex, Cartier, and Patek Philippe SA all make up 73% of WOSG, showing just how much of an influence Rolex can have over the share price.”
WOSG Financials
WOSG’s current fiscal year ends May 1, 2023. Watches of Switzerland Group PLC reported Earnings Per Share (EPS) of 0.2 for FY 2022 Q4, an increase of 57.72% compared to FY 2021 Q2. WOSGF does not currently pay a dividend.
Watches of Switzerland Group has an exceptional 64% net income growth seen over the past five years. In addition, the company has a ROE of 28% compared to 18% industry average.
WOSG Analyst Rating
Based on 9 analysts (9/13/2022) six recommend to buy the WOSG stock and 3 recommend to hold it.
Rolex Stock During Recession
During the 2008 financial crisis the luxury goods market still took a considerable hit. If the economy should head into a global recession now, luxury brands like Rolex and co will probably also have to face a decrease in demand. On the other hand, Rolex still has a long wait list for most of their steel watches. Therefore, the company could get through a recession pretty well. But Watches of Switzerland, as a luxury watch retailer, also has other brands that might be more susceptible to an economic downturn.
A Word from healthylifestyleflorida.com
An investment in Rolex may be one of the safest you ever make. These watches are timeless, and their shares are the same. By investing in the group they’re a part of, you’ll be gaining a piece of a group that can only grow as more watch companies become as prestigious as the trio that makes it up.
