Financials Swisscom AG

Equities

SCMN

CH0008742519

Integrated Telecommunications Services

Market Closed - Swiss Exchange 11:31:28 2024-05-28 am EDT 5-day change 1st Jan Change
491.8 CHF +0.12% Intraday chart for Swisscom AG -1.48% -2.81%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,554 24,715 26,657 26,243 26,212 25,445 - -
Enterprise Value (EV) 1 35,339 32,921 34,363 33,617 33,283 32,376 32,070 32,051
P/E ratio 15.9 x 16.2 x 14.5 x 16.4 x 15.3 x 15.3 x 15.4 x 15.5 x
Yield 4.29% 4.61% 4.28% 4.34% 4.35% 4.48% 4.64% 4.77%
Capitalization / Revenue 2.32 x 2.23 x 2.38 x 2.36 x 2.37 x 2.31 x 2.31 x 2.3 x
EV / Revenue 3.09 x 2.97 x 3.07 x 3.03 x 3.01 x 2.94 x 2.91 x 2.9 x
EV / EBITDA 8.01 x 7.51 x 7.66 x 7.63 x 7.2 x 7.14 x 7.15 x 7.12 x
EV / FCF 26.3 x 17.9 x 19.5 x 24.9 x 22.5 x 19 x 18.6 x 20 x
FCF Yield 3.81% 5.59% 5.12% 4.01% 4.45% 5.27% 5.38% 5%
Price to Book 2.99 x 2.6 x 2.47 x 2.35 x 2.26 x 2.09 x 1.99 x 1.91 x
Nbr of stocks (in thousands) 51,802 51,802 51,802 51,802 51,802 51,802 - -
Reference price 2 512.6 477.1 514.6 506.6 506.0 491.2 491.2 491.2
Announcement Date 2/6/20 2/4/21 2/3/22 2/8/23 2/7/24 - - -
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 11,017 11,008 11,041
EBITDA 1 4,414 4,382 4,484 4,406 4,622 4,533 4,482 4,503
EBIT 1 1,966 1,947 2,066 2,040 2,205 2,165 2,166 2,172
Operating Margin 17.17% 17.54% 18.47% 18.36% 19.92% 19.65% 19.68% 19.67%
Earnings before Tax (EBT) 1 1,724 1,799 2,152 1,963 2,075 2,052 2,061 2,036
Net income 1 1,672 1,530 1,832 1,602 1,711 1,670 1,684 1,656
Net margin 14.6% 13.78% 16.38% 14.42% 15.45% 15.16% 15.29% 15%
EPS 2 32.28 29.54 35.37 30.93 33.03 32.20 31.80 31.77
Free Cash Flow 1 1,345 1,840 1,758 1,349 1,480 1,707 1,725 1,604
FCF margin 11.74% 16.58% 15.72% 12.14% 13.37% 15.5% 15.67% 14.53%
FCF Conversion (EBITDA) 30.47% 41.99% 39.21% 30.62% 32.02% 37.66% 38.48% 35.62%
FCF Conversion (Net income) 80.44% 120.26% 95.96% 84.21% 86.5% 102.22% 102.46% 96.83%
Dividend per Share 2 22.00 22.00 22.00 22.00 22.00 22.00 22.82 23.44
Announcement Date 2/6/20 2/4/21 2/3/22 2/8/23 2/7/24 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 2,840 2,768 2,803 2,731 2,810 2,747 2,703 2,752 2,870 2,703 2,689 2,715 2,838 - -
EBITDA 1,027 1,137 1,136 1,150 1,065 1,164 1,142 1,174 1,145 1,137 - - - - -
EBIT 1 426 549 532 558 483 573 545 599 491 568 555.8 566.3 521.2 - -
Operating Margin 15% 19.83% 18.98% 20.43% 17.19% 20.86% 20.16% 21.77% 17.11% 21.01% 20.67% 20.86% 18.37% - -
Earnings before Tax (EBT) - 550 - 523 - 543 - - - - - - - - -
Net income 1 297 447 337 429 389 442 406 463 400 455 382.3 433.4 382.3 414 414
Net margin 10.46% 16.15% 12.02% 15.71% 13.84% 16.09% 15.02% 16.82% 13.94% 16.83% 14.22% 15.96% 13.47% - -
EPS 2 5.740 8.630 6.510 8.280 7.510 8.530 7.840 8.940 7.720 8.780 7.800 8.183 7.460 7.992 7.992
Dividend per Share 2 22.00 - - - 22.00 - - - 22.00 - - - 22.00 - -
Announcement Date 2/3/22 4/28/22 8/4/22 10/27/22 2/8/23 5/4/23 8/3/23 11/2/23 2/7/24 5/1/24 - - - - -
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 6,931 6,625 6,606
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.99 x 1.873 x 1.719 x 1.674 x 1.53 x 1.529 x 1.478 x 1.467 x
Free Cash Flow 1 1,345 1,840 1,758 1,349 1,480 1,707 1,725 1,604
ROE (net income / shareholders' equity) 19.6% 16.7% 18% 14.6% 15% 14.1% 13.4% 12.9%
ROA (Net income/ Total Assets) 7.14% 6.31% 7.47% 6.48% 6.93% 6.71% 6.42% 6.33%
Assets 1 23,417 24,255 24,532 24,710 24,685 24,874 26,221 26,154
Book Value Per Share 2 171.0 183.0 209.0 216.0 224.0 235.0 247.0 258.0
Cash Flow per Share 2 76.90 78.60 78.10 74.80 77.80 76.50 76.10 76.80
Capex 1 2,438 2,229 2,286 2,309 2,292 2,293 2,299 2,300
Capex / Sales 21.29% 20.08% 20.44% 20.78% 20.7% 20.81% 20.88% 20.83%
Announcement Date 2/6/20 2/4/21 2/3/22 2/8/23 2/7/24 - - -
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
491.2 CHF
Average target price
551.3 CHF
Spread / Average Target
+12.24%
Consensus
  1. Stock Market
  2. Equities
  3. SCMN Stock
  4. Financials Swisscom AG