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 33,127 - -
Change - -1.55% -0.12% -0.3% 14.07% 11.12% - -
Enterprise Value (EV) 1 34,363 33,617 33,283 41,731 45,445 48,673 48,424 47,852
Change - -2.17% -0.99% 25.38% 8.9% 7.1% -0.51% -1.18%
P/E 14.5x 16.4x 15.3x 16.9x 23.5x 23.6x 21.9x 20.1x
PBR 2.47x 2.35x 2.26x 2.15x 2.44x 2.73x 2.7x 2.79x
PEG - -1.3x 2.25x -1.71x -1.3x 2.3x 2.76x 2.3x
Capitalization / Revenue 2.38x 2.36x 2.37x 2.37x 1.98x 2.25x 2.26x 2.26x
EV / Revenue 3.07x 3.03x 3.01x 3.78x 3.02x 3.31x 3.3x 3.27x
EV / EBITDA 7.66x 7.63x 7.2x 9.58x 6.87x 7.29x 7.16x 6.93x
EV / EBIT 16.6x 16.5x 15.1x 21.4x 23.6x 23.2x 21.5x 19.9x
EV / FCF 19.5x 24.9x 22.5x 29x 31.7x 34.7x 30.9x 25.3x
FCF Yield 5.12% 4.01% 4.45% 3.44% 3.15% 2.88% 3.24% 3.96%
Dividend per Share 2 22 22 22 22 22 26.88 27.9 28.91
Rate of return 4.28% 4.34% 4.35% 4.36% 3.82% 4.21% 4.37% 4.53%
EPS 2 35.37 30.93 33.03 29.77 24.54 27.03 29.18 31.73
Distribution rate 62.2% 71.1% 66.6% 73.9% 89.6% 99.4% 95.6% 91.1%
Net sales 1 11,183 11,112 11,072 11,036 15,048 14,720 14,682 14,632
EBITDA 1 4,484 4,406 4,622 4,355 6,617 6,674 6,765 6,904
EBIT 1 2,066 2,040 2,205 1,951 1,925 2,094 2,250 2,407
Net income 1 1,832 1,602 1,711 1,541 1,271 1,440 1,530 1,714
Net Debt 1 7,706 7,374 7,071 15,597 15,633 15,545 15,296 14,724
Reference price 2 514.60 506.60 506.00 504.50 575.50 638.00 638.00 638.00
Nbr of stocks (in thousands) 51,802 51,802 51,802 51,802 51,802 51,802 - -
Announcement Date 2/3/22 2/8/23 2/7/24 2/13/25 2/12/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.6x3.3x7.28x4.21% 40.83B
11.17x1.3x4.04x7.17% 220B
9.74x2.46x6.58x6.05% 195B
13.09x2.1x5.53x4.3% 144B
12.83x2.02x5.09x2.42% 77.76B
11.15x0.75x2.81x7.12% 71.28B
11.42x1.72x7.28x3.76% 72.68B
15.69x2.74x8.57x5.02% 58.46B
16.56x5.33x19.34x4.34% 55.03B
16.91x1.87x5.82x4.66% 51.17B
Average 14.22x 2.36x 7.23x 4.91% 98.58B
Weighted average by Cap. 12.70x 2.12x 6.34x 5.36%

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
-40%: Exceptional extension
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