Financials Swisscom AG

Equities

SCMN

CH0008742519

Integrated Telecommunications Services

Market Closed - Swiss Exchange Other stock markets 16:30:39 06/12/2024 GMT			5-day change	1st Jan Change
510.50 ^CHF	0.00%		+0.39%	+0.89%

11-27	AlphaValue/Baader Europe Lifts Price Target on Swisscom	MT
11-25	Swisscom Wins CHF185 Million Tender for IT Services in Switzerland	MT

Projected Income Statement: Swisscom AG

income-statement-evolution-chart SWISSCOM-AG

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	11,453	11,100	11,183	11,112	11,072	11,046	11,103	11,149
Change	-	-3.08%	0.75%	-0.63%	-0.36%	-0.24%	0.52%	0.41%
EBITDA ¹	4,414	4,382	4,484	4,406	4,622	4,528	4,491	4,491
Change	-	-0.72%	2.33%	-1.74%	4.9%	-2.04%	-0.82%	0.01%
EBIT ¹	1,966	1,947	2,066	2,040	2,205	2,151	2,134	2,129
Change	-	-0.97%	6.11%	-1.26%	8.09%	-2.45%	-0.79%	-0.25%
Interest Paid ¹	-158	-152	96	-72	-130	-109.5	-106.9	-102.5
Earnings before Tax (EBT) ¹	1,724	1,799	2,152	1,963	2,075	2,023	2,070	2,078
Change	-	4.35%	19.62%	-8.78%	5.71%	-2.51%	2.32%	0.39%
Net income ¹	1,672	1,530	1,832	1,602	1,711	1,661	1,704	1,719
Change	-	-8.49%	19.74%	-12.55%	6.8%	-2.91%	2.57%	0.91%
Announcement Date	06/02/20	04/02/21	03/02/22	08/02/23	07/02/24	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	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	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	2,997	2,737	2,706	2,758	2,899	2,803	2,780	2,760	2,840	2,768	2,803	2,731	2,810	2,747	2,703	2,752	2,870	2,703	2,751	2,719	2,859	2,696	2,731	2,714	-
Change	-	-8.68%	-1.13%	1.92%	5.11%	-3.31%	-0.82%	-0.72%	2.9%	-2.54%	1.26%	-2.57%	2.89%	-2.24%	-1.6%	1.81%	4.29%	-5.82%	1.78%	-1.16%	5.17%	-5.72%	1.31%	-0.65%	-100%
EBITDA ¹	1,054	1,111	1,097	1,148	1,026	1,124	1,155	1,178	1,027	1,137	1,136	1,150	1,065	1,164	1,142	1,174	1,145	1,137	1,131	1,159	1,175	-	-	-	-
Change	-	5.41%	-1.26%	4.65%	-10.63%	9.55%	2.76%	1.99%	-12.82%	10.71%	-0.09%	1.23%	-7.39%	9.3%	-1.89%	2.8%	-2.47%	-0.7%	-0.53%	2.48%	1.42%	-100%	-	-	-
EBIT ¹	-	504	479	540	424	516	535	581	426	549	532	558	483	573	545	599	491	568	520	564	569.1	541.4	525.6	558.8	-
Change	-	-	-4.96%	12.73%	-21.48%	21.7%	3.68%	8.6%	-26.68%	28.87%	-3.1%	4.89%	-13.44%	18.63%	-4.89%	9.91%	-18.03%	15.68%	-8.45%	8.46%	0.91%	-4.87%	-2.93%	6.33%	-100%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-29	-37	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	385	740	507	526	-	550	-	523	-	543	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	92.21%	-31.49%	3.75%	-100%	-	-100%	-	-100%	-	-100%	-	-	-	-	-	-	-	-	-	-
Net income ¹	489	-	343	431	361	638	407	490	297	447	337	429	389	442	406	463	400	455	381	447	427.7	414	414	414	351.5
Change	-	-100%	-	25.66%	-16.24%	76.73%	-36.21%	20.39%	-39.39%	50.51%	-24.61%	27.3%	-9.32%	13.62%	-8.14%	14.04%	-13.61%	13.75%	-16.26%	17.32%	-4.31%	-3.21%	0%	0%	-15.11%
Announcement Date	06/02/20	30/04/20	13/08/20	29/10/20	04/02/21	29/04/21	05/08/21	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	01/05/24	31/07/24	31/10/24	-	-	-	-	-

¹CHF in Million

Estimates

Forecast Balance Sheet: Swisscom AG

balance-sheet-analysis-chart SWISSCOM-AG

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	8,785	8,206	7,706	7,374	7,071	6,236	6,389	6,516
Change	-	-6.59%	-6.09%	-4.31%	-4.11%	-11.81%	2.45%	1.99%
Announcement Date	06/02/20	04/02/21	03/02/22	08/02/23	07/02/24	-	-	-

¹CHF in Million

Estimates

Cash Flow Forecast: Swisscom AG

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	2,438	2,229	2,286	2,309	2,292	2,423	2,469	2,470
Change	-	-8.57%	2.56%	1.01%	-0.74%	5.72%	1.89%	0.05%
Free Cash Flow (FCF) ¹	1,345	1,840	1,758	1,349	1,480	1,569	1,627	1,525
Change	-	36.8%	-4.46%	-23.27%	9.71%	6.02%	3.7%	-6.28%
Announcement Date	06/02/20	04/02/21	03/02/22	08/02/23	07/02/24	-	-	-

¹CHF in Million

Estimates

Forecast Financial Ratios: Swisscom AG

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	38.54%	39.48%	40.1%	39.65%	41.74%	40.99%	40.45%	40.28%
EBIT Margin (%)	17.17%	17.54%	18.47%	18.36%	19.92%	19.47%	19.22%	19.09%
EBT Margin (%)	15.05%	16.21%	19.24%	17.67%	18.74%	18.31%	18.64%	18.64%
Net margin (%)	14.6%	13.78%	16.38%	14.42%	15.45%	15.04%	15.35%	15.42%
FCF margin (%)	11.74%	16.58%	15.72%	12.14%	13.37%	14.21%	14.65%	13.68%
FCF / Net Income (%)	80.44%	120.26%	95.96%	84.21%	86.5%	94.45%	95.49%	88.69%
Profitability
ROA	7.14%	6.31%	7.47%	6.48%	6.93%	6.53%	6.49%	6.42%
ROE	19.56%	16.66%	18.05%	14.58%	15.02%	14.07%	13.32%	12.92%
Financial Health
Leverage (Debt/EBITDA)	1.99x	1.87x	1.72x	1.67x	1.53x	1.38x	1.42x	1.45x
Debt / Free cash flow	6.53x	4.46x	4.38x	5.47x	4.78x	3.97x	3.93x	4.27x
Capital Intensity
CAPEX / Current Assets (%)	21.29%	20.08%	20.44%	20.78%	20.7%	21.94%	22.23%	22.16%
CAPEX / EBITDA (%)	55.23%	50.87%	50.98%	52.41%	49.59%	53.52%	54.98%	55%
CAPEX / FCF (%)	181.26%	121.14%	130.03%	171.16%	154.86%	154.43%	151.73%	161.98%
Items per share
Cash flow per share ¹	76.85	78.55	78.07	74.82	77.78	75.72	77.33	78.39
Change	-	2.21%	-0.62%	-4.15%	3.95%	-2.64%	2.12%	1.38%
Dividend per Share ¹	22	22	22	22	22	22.28	22.79	23.88
Change	-	0%	0%	0%	0%	1.27%	2.28%	4.8%
Book Value Per Share ¹	171.3	183.2	208.7	215.6	224.3	234.9	247.8	258
Change	-	6.97%	13.92%	3.3%	4.04%	4.74%	5.48%	4.13%
EPS ¹	32.28	29.54	35.37	30.93	33.03	32.15	31.4	31.46
Change	-	-8.49%	19.74%	-12.55%	6.79%	-2.67%	-2.33%	0.2%
Nbr of stocks (in thousands)	51,802	51,802	51,802	51,802	51,802	51,802	51,802	51,802
Announcement Date	06/02/20	04/02/21	03/02/22	08/02/23	07/02/24	-	-	-