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 34,034 - -
Change - -1.55% -0.12% -0.3% 14.07% 14.16% - -
Enterprise Value (EV) 1 34,363 33,617 33,283 41,731 45,445 48,628 49,165 48,646
Change - -2.17% -0.99% 25.38% 8.9% 7.01% 1.1% -1.06%
P/E 14.5x 16.4x 15.3x 16.9x 23.5x 24.5x 22.6x 20.7x
PBR 2.47x 2.35x 2.26x 2.15x 2.44x 2.76x 2.74x 2.7x
PEG - -1.3x 2.25x -1.71x -1.3x 2.62x 2.69x 2.23x
Capitalization / Revenue 2.38x 2.36x 2.37x 2.37x 1.98x 2.31x 2.32x 2.32x
EV / Revenue 3.07x 3.03x 3.01x 3.78x 3.02x 3.3x 3.35x 3.32x
EV / EBITDA 7.66x 7.63x 7.2x 9.58x 6.87x 7.26x 7.24x 7.03x
EV / EBIT 16.6x 16.5x 15.1x 21.4x 23.6x 23.2x 21.8x 20.2x
EV / FCF 19.5x 24.9x 22.5x 29x 31.7x 31.6x 31x 26.4x
FCF Yield 5.12% 4.01% 4.45% 3.44% 3.15% 3.17% 3.23% 3.79%
Dividend per Share 2 22 22 22 22 22 26.95 28.06 29.03
Rate of return 4.28% 4.34% 4.35% 4.36% 3.82% 4.1% 4.27% 4.42%
EPS 2 35.37 30.93 33.03 29.77 24.54 26.83 29.08 31.78
Distribution rate 62.2% 71.1% 66.6% 73.9% 89.6% 100% 96.5% 91.3%
Net sales 1 11,183 11,112 11,072 11,036 15,048 14,720 14,655 14,655
EBITDA 1 4,484 4,406 4,622 4,355 6,617 6,696 6,786 6,924
EBIT 1 2,066 2,040 2,205 1,951 1,925 2,092 2,254 2,407
Net income 1 1,832 1,602 1,711 1,541 1,271 1,458 1,543 1,714
Net Debt 1 7,706 7,374 7,071 15,597 15,633 14,595 15,131 14,612
Reference price 2 514.60 506.60 506.00 504.50 575.50 657.00 657.00 657.00
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.($)
24.49x3.3x7.26x4.1% 41.07B
10.96x1.29x4.1x7.08% 221B
10.41x2.5x6.6x5.99% 196B
13x2.12x5.47x4.18% 148B
13.84x1.86x8.12x3.03% 91.12B
11.54x0.88x3.29x6.69% 79B
11.58x1.78x4.5x2.82% 66.07B
14.96x2.66x8.3x5.11% 57.48B
23.05x5.24x19.11x4.74% 54.68B
14.87x2.75x6.11x4.38% 51.37B
Average 14.87x 2.44x 7.29x 4.81% 100.5B
Weighted average by Cap. 13.14x 2.15x 6.40x 5.27%

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

  1. Stock Market
  2. Stocks
  3. SCMN Stock
  4. Valuation Swisscom AG