Company Valuation: Swisscom AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,657 26,243 26,212 26,134 29,812 33,412 - -
Change - -1.55% -0.12% -0.3% 14.07% 12.08% - -
Enterprise Value (EV) 1 34,363 33,617 33,283 41,731 45,445 48,375 48,293 47,717
Change - -2.17% -0.99% 25.38% 8.9% 6.45% -0.17% -1.19%
P/E 14.5x 16.4x 15.3x 16.9x 23.5x 24.2x 22.3x 20.5x
PBR 2.47x 2.35x 2.26x 2.15x 2.44x 2.72x 2.69x 2.66x
PEG - -1.3x 2.25x -1.71x -1.3x 2.88x 2.54x 2.36x
Capitalization / Revenue 2.38x 2.36x 2.37x 2.37x 1.98x 2.27x 2.28x 2.28x
EV / Revenue 3.07x 3.03x 3.01x 3.78x 3.02x 3.29x 3.29x 3.26x
EV / EBITDA 7.66x 7.63x 7.2x 9.58x 6.87x 7.21x 7.11x 6.88x
EV / EBIT 16.6x 16.5x 15.1x 21.4x 23.6x 23.2x 21.7x 20.1x
EV / FCF 19.5x 24.9x 22.5x 29x 31.7x 31.4x 30.4x 25.9x
FCF Yield 5.12% 4.01% 4.45% 3.44% 3.15% 3.19% 3.29% 3.86%
Dividend per Share 2 22 22 22 22 22 26.95 28.21 29.18
Rate of return 4.28% 4.34% 4.35% 4.36% 3.82% 4.18% 4.37% 4.52%
EPS 2 35.37 30.93 33.03 29.77 24.54 26.6 28.93 31.44
Distribution rate 62.2% 71.1% 66.6% 73.9% 89.6% 101% 97.5% 92.8%
Net sales 1 11,183 11,112 11,072 11,036 15,048 14,717 14,664 14,656
EBITDA 1 4,484 4,406 4,622 4,355 6,617 6,706 6,796 6,932
EBIT 1 2,066 2,040 2,205 1,951 1,925 2,085 2,230 2,370
Net income 1 1,832 1,602 1,711 1,541 1,271 1,420 1,533 1,693
Net Debt 1 7,706 7,374 7,071 15,597 15,633 14,962 14,881 14,305
Reference price 2 514.60 506.60 506.00 504.50 575.50 645.00 645.00 645.00
Nbr of stocks (in thousands) 51,802 51,802 51,802 51,802 51,802 51,802 - -
Announcement Date 03/02/22 08/02/23 07/02/24 13/02/25 12/02/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.17x2.47x6.53x6.14% 191B
12.71x2.12x5.48x4.27% 143B
13.28x1.85x8.04x3.15% 87.61B
11.83x0.9x3.37x6.46% 80.68B
11.86x1.83x4.6x2.74% 67.22B
14.85x2.67x8.33x5.16% 56.93B
22.84x5.27x19.21x4.77% 54.32B
14.59x2.69x5.98x4.47% 50.34B
10.53x1.7x5.26x5.6% 42.1B
Average 13.63x 2.39x 7.42x 4.75% 85.89B
Weighted average by Cap. 12.85x 2.30x 6.93x 4.88%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Swisscom AG

Historical PBR trend

Valuation ratios - PBR - Swisscom AG

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Swisscom AG

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Swisscom AG


Year-on-year evolution of the Yield

Valuation ratios - Yield - Swisscom AG