Company Valuation: Swisscom AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 24,715 26,657 26,243 26,212 26,134 31,029 31,029 -
Change - 7.86% -1.55% -0.12% -0.3% 18.73% 0% -
Enterprise Value (EV) 1 32,921 34,363 33,617 33,283 41,731 46,667 48,142 47,860
Change - 4.38% -2.17% -0.99% 25.38% 11.83% 3.16% -0.59%
P/E ratio 16.2x 14.5x 16.4x 15.3x 16.9x 23.8x 22.5x 19.9x
PBR 2.6x 2.47x 2.35x 2.26x 2.15x 2.52x 2.56x 2.48x
PEG - 0.7x -1.3x 2.25x -1.71x -1.5x 3.82x 1.5x
Capitalization / Revenue 2.23x 2.38x 2.36x 2.37x 2.37x 2.06x 2.08x 2.08x
EV / Revenue 2.97x 3.07x 3.03x 3.01x 3.78x 3.1x 3.23x 3.21x
EV / EBITDA 7.51x 7.66x 7.63x 7.2x 9.58x 7.05x 7.17x 6.94x
EV / EBIT 16.9x 16.6x 16.5x 15.1x 21.4x 23.1x 22.7x 20.7x
EV / FCF 17.9x 19.5x 24.9x 22.5x 29x 36.3x 36.5x 32x
FCF Yield 5.59% 5.12% 4.01% 4.45% 3.44% 2.75% 2.74% 3.13%
Dividend per Share 2 22 22 22 22 22 25.46 26.2 27.01
Rate of return 4.61% 4.28% 4.34% 4.35% 4.36% 4.25% 4.37% 4.51%
EPS 2 29.54 35.37 30.93 33.03 29.77 25.13 26.61 30.17
Distribution rate 74.5% 62.2% 71.1% 66.6% 73.9% 101% 98.5% 89.5%
Net sales 1 11,100 11,183 11,112 11,072 11,036 15,058 14,922 14,903
EBITDA 1 4,382 4,484 4,406 4,622 4,355 6,624 6,719 6,899
EBIT 1 1,947 2,066 2,040 2,205 1,951 2,022 2,122 2,308
Net income 1 1,530 1,832 1,602 1,711 1,541 1,401 1,425 1,547
Net Debt 1 8,206 7,706 7,374 7,071 15,597 15,638 17,113 16,830
Reference price 2 477.10 514.60 506.60 506.00 504.50 599.00 599.00 599.00
Nbr of stocks (in thousands) 51,802 51,802 51,802 51,802 51,802 51,802 51,802 -
Announcement Date 04/02/21 03/02/22 08/02/23 07/02/24 13/02/25 - - -
1CHF in Million2CHF
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.96x3.11x7.07x4.23% 3.91TCr
10.66x1.28x3.94x6.95% 22TCr
8.64x2.2x6.08x7.02% 16TCr
14.75x2.2x5.94x3.63% 15TCr
12.04x1.72x7.02x3.38% 8.18TCr
12.04x0.8x2.93x6.11% 7.53TCr
12.51x1.85x4.66x2.88% 6.18TCr
14.81x2.72x8.59x5.03% 5.85TCr
26.62x5.63x20.34x4.14% 5.76TCr
11.98x2.8x6.35x4.41% 4.62TCr
Average 14.80x 2.43x 7.29x 4.78% 9.6TCr
Weighted average by Cap. 13.13x 2.12x 6.36x 5.29%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield