Financials Swisscom AG

Equities

SCMN

CH0008742519

Integrated Telecommunications Services

Market Closed - Swiss Exchange 09:01:30 26/04/2024 pm IST 5-day change 1st Jan Change
505 CHF -0.30% Intraday chart for Swisscom AG -2.60% -0.20%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,554 24,715 26,657 26,243 26,212 26,160 - -
Enterprise Value (EV) 1 35,339 32,921 34,363 33,617 33,283 33,157 32,955 32,701
P/E ratio 15.9 x 16.2 x 14.5 x 16.4 x 15.3 x 15.7 x 15.9 x 15.8 x
Yield 4.29% 4.61% 4.28% 4.34% 4.35% 4.36% 4.48% 4.6%
Capitalization / Revenue 2.32 x 2.23 x 2.38 x 2.36 x 2.37 x 2.37 x 2.37 x 2.37 x
EV / Revenue 3.09 x 2.97 x 3.07 x 3.03 x 3.01 x 3 x 2.99 x 2.96 x
EV / EBITDA 8.01 x 7.51 x 7.66 x 7.63 x 7.2 x 7.35 x 7.32 x 7.25 x
EV / FCF 26.3 x 17.9 x 19.5 x 24.9 x 22.5 x 18.8 x 19 x 20.2 x
FCF Yield 3.81% 5.59% 5.12% 4.01% 4.45% 5.31% 5.25% 4.95%
Price to Book 2.99 x 2.6 x 2.47 x 2.35 x 2.26 x 2.11 x 2.05 x 1.97 x
Nbr of stocks (in thousands) 51,802 51,802 51,802 51,802 51,802 51,802 - -
Reference price 2 512.6 477.1 514.6 506.6 506.0 505.0 505.0 505.0
Announcement Date 06/02/20 04/02/21 03/02/22 08/02/23 07/02/24 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 11,453 11,100 11,183 11,112 11,072 11,037 11,022 11,052
EBITDA 1 4,414 4,382 4,484 4,406 4,622 4,510 4,501 4,510
EBIT 1 1,966 1,947 2,066 2,040 2,205 2,187 2,172 2,179
Operating Margin 17.17% 17.54% 18.47% 18.36% 19.92% 19.82% 19.71% 19.72%
Earnings before Tax (EBT) 1 1,724 1,799 2,152 1,963 2,075 2,067 2,066 2,054
Net income 1 1,672 1,530 1,832 1,602 1,711 1,693 1,688 1,671
Net margin 14.6% 13.78% 16.38% 14.42% 15.45% 15.34% 15.32% 15.12%
EPS 2 32.28 29.54 35.37 30.93 33.03 32.17 31.80 31.91
Free Cash Flow 1 1,345 1,840 1,758 1,349 1,480 1,761 1,731 1,619
FCF margin 11.74% 16.58% 15.72% 12.14% 13.37% 15.95% 15.71% 14.65%
FCF Conversion (EBITDA) 30.47% 41.99% 39.21% 30.62% 32.02% 39.04% 38.47% 35.9%
FCF Conversion (Net income) 80.44% 120.26% 95.96% 84.21% 86.5% 103.98% 102.54% 96.89%
Dividend per Share 2 22.00 22.00 22.00 22.00 22.00 22.00 22.65 23.21
Announcement Date 06/02/20 04/02/21 03/02/22 08/02/23 07/02/24 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,760 2,840 2,768 2,803 2,731 2,810 2,747 2,703 2,752 2,870 2,737 2,698 2,751 2,862 -
EBITDA 1 1,178 1,027 1,137 1,136 1,150 1,065 1,164 1,142 1,174 1,145 1,129 1,120 1,170 1,170 -
EBIT 1 581 426 549 532 558 483 573 545 599 491 539.2 558 565.7 520.3 -
Operating Margin 21.05% 15% 19.83% 18.98% 20.43% 17.19% 20.86% 20.16% 21.77% 17.11% 19.7% 20.68% 20.56% 18.18% -
Earnings before Tax (EBT) 526 - 550 - 523 - 543 - - - - - - - -
Net income 1 490 297 447 337 429 389 442 406 463 400 407.9 379.2 430.9 380.3 414
Net margin 17.75% 10.46% 16.15% 12.02% 15.71% 13.84% 16.09% 15.02% 16.82% 13.94% 14.9% 14.05% 15.66% 13.29% -
EPS 2 9.460 5.740 8.630 6.510 8.280 7.510 8.530 7.840 8.940 7.720 7.987 7.800 8.160 7.441 7.992
Dividend per Share 2 - 22.00 - - - 22.00 - - - 22.00 - - - 22.00 -
Announcement Date 28/10/21 03/02/22 28/04/22 04/08/22 27/10/22 08/02/23 04/05/23 03/08/23 02/11/23 07/02/24 - - - - -
1CHF in Million2CHF
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,785 8,206 7,706 7,374 7,071 6,997 6,795 6,541
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.99 x 1.873 x 1.719 x 1.674 x 1.53 x 1.551 x 1.51 x 1.45 x
Free Cash Flow 1 1,345 1,840 1,758 1,349 1,480 1,761 1,731 1,619
ROE (net income / shareholders' equity) 19.6% 16.7% 18% 14.6% 15% 14.2% 13.4% 13%
ROA (Net income/ Total Assets) 7.14% 6.31% 7.47% 6.48% 6.93% 6.75% 6.49% 6.42%
Assets 1 23,417 24,255 24,532 24,710 24,685 25,088 26,028 26,033
Book Value Per Share 2 171.0 183.0 209.0 216.0 224.0 240.0 246.0 257.0
Cash Flow per Share 2 76.90 78.60 78.10 74.80 77.80 78.00 84.30 79.10
Capex 1 2,438 2,229 2,286 2,309 2,292 2,301 2,305 2,305
Capex / Sales 21.29% 20.08% 20.44% 20.78% 20.7% 20.84% 20.91% 20.85%
Announcement Date 06/02/20 04/02/21 03/02/22 08/02/23 07/02/24 - - -
1CHF in Million2CHF
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
15
Last Close Price
505 CHF
Average target price
559 CHF
Spread / Average Target
+10.69%
Consensus
  1. Stock Market
  2. Equities
  3. SCMN Stock
  4. Financials Swisscom AG