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 32,635 - -
Change - -1.55% -0.12% -0.3% 14.07% 9.47% - -
Enterprise Value (EV) 1 34,363 33,617 33,283 41,731 45,445 48,151 47,891 47,294
Change - -2.17% -0.99% 25.38% 8.9% 5.96% -0.54% -1.25%
P/E 14.5x 16.4x 15.3x 16.9x 23.5x 23.8x 21.9x 20x
PBR 2.47x 2.35x 2.26x 2.15x 2.44x 2.66x 2.67x 2.75x
PEG - -1.3x 2.25x -1.71x -1.3x 2.95x 2.61x 2.08x
Capitalization / Revenue 2.38x 2.36x 2.37x 2.37x 1.98x 2.22x 2.23x 2.23x
EV / Revenue 3.07x 3.03x 3.01x 3.78x 3.02x 3.27x 3.27x 3.23x
EV / EBITDA 7.66x 7.63x 7.2x 9.58x 6.87x 7.21x 7.09x 6.87x
EV / EBIT 16.6x 16.5x 15.1x 21.4x 23.6x 23.1x 21.5x 19.8x
EV / FCF 19.5x 24.9x 22.5x 29x 31.7x 34.6x 30.8x 24.7x
FCF Yield 5.12% 4.01% 4.45% 3.44% 3.15% 2.89% 3.24% 4.05%
Dividend per Share 2 22 22 22 22 22 26.95 27.97 28.92
Rate of return 4.28% 4.34% 4.35% 4.36% 3.82% 4.28% 4.44% 4.59%
EPS 2 35.37 30.93 33.03 29.77 24.54 26.52 28.75 31.51
Distribution rate 62.2% 71.1% 66.6% 73.9% 89.6% 102% 97.3% 91.8%
Net sales 1 11,183 11,112 11,072 11,036 15,048 14,716 14,656 14,625
EBITDA 1 4,484 4,406 4,622 4,355 6,617 6,676 6,758 6,883
EBIT 1 2,066 2,040 2,205 1,951 1,925 2,082 2,226 2,392
Net income 1 1,832 1,602 1,711 1,541 1,271 1,441 1,531 1,697
Net Debt 1 7,706 7,374 7,071 15,597 15,633 15,516 15,256 14,659
Reference price 2 514.60 506.60 506.00 504.50 575.50 630.00 630.00 630.00
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.($)
11.39x1.32x4.09x7.04% 224B
9.11x2.38x6.37x6.47% 182B
13.7x2.13x5.55x4.17% 149B
13.45x2.04x5.17x2.39% 79.13B
12.16x0.82x3.08x6.63% 77.03B
12.03x1.75x7.5x3.57% 75.8B
15.48x2.69x8.43x5.08% 57.64B
23.9x5.38x19.65x4.48% 56.14B
16.05x1.79x5.62x4.78% 50.1B
Average 14.14x 2.26x 7.27x 4.96% 105.68B
Weighted average by Cap. 12.83x 2.05x 6.30x 5.39%

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