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 33,309 - -
Change - -1.55% -0.12% -0.3% 14.07% 11.73% - -
Enterprise Value (EV) 1 34,363 33,617 33,283 41,731 45,445 48,824 48,562 47,963
Change - -2.17% -0.99% 25.38% 8.9% 7.43% -0.54% -1.23%
P/E 14.5x 16.4x 15.3x 16.9x 23.5x 24.3x 22.3x 20.4x
PBR 2.47x 2.35x 2.26x 2.15x 2.44x 2.71x 2.72x 2.69x
PEG - -1.3x 2.25x -1.71x -1.3x 3.11x 2.52x 2.1x
Capitalization / Revenue 2.38x 2.36x 2.37x 2.37x 1.98x 2.26x 2.27x 2.27x
EV / Revenue 3.07x 3.03x 3.01x 3.78x 3.02x 3.32x 3.31x 3.27x
EV / EBITDA 7.66x 7.63x 7.2x 9.58x 6.87x 7.46x 7.37x 7.19x
EV / EBIT 16.6x 16.5x 15.1x 21.4x 23.6x 23.5x 21.8x 20x
EV / FCF 19.5x 24.9x 22.5x 29x 31.7x 31.8x 31.3x 25.1x
FCF Yield 5.12% 4.01% 4.45% 3.44% 3.15% 3.15% 3.2% 3.99%
Dividend per Share 2 22 22 22 22 22 26.95 27.99 28.95
Rate of return 4.28% 4.34% 4.35% 4.36% 3.82% 4.19% 4.35% 4.5%
EPS 2 35.37 30.93 33.03 29.77 24.54 26.46 28.79 31.59
Distribution rate 62.2% 71.1% 66.6% 73.9% 89.6% 102% 97.2% 91.6%
Net sales 1 11,183 11,112 11,072 11,036 15,048 14,723 14,680 14,658
EBITDA 1 4,484 4,406 4,622 4,355 6,617 6,544 6,589 6,671
EBIT 1 2,066 2,040 2,205 1,951 1,925 2,076 2,227 2,394
Net income 1 1,832 1,602 1,711 1,541 1,271 1,436 1,535 1,678
Net Debt 1 7,706 7,374 7,071 15,597 15,633 15,515 15,253 14,655
Reference price 2 514.60 506.60 506.00 504.50 575.50 643.00 643.00 643.00
Nbr of stocks (in thousands) 51,802 51,802 51,802 51,802 51,802 51,802 - -
Announcement Date 2/3/22 A 2/8/23 A 2/7/24 A 2/13/25 A 2/12/26 A - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.3x3.32x7.46x4.19% 40.99B
11.52x1.36x4.21x6.86% 231B
10.35x2.5x6.6x6.01% 195B
14.13x2.21x5.46x3.87% 161B
11.74x0.86x3.23x6.77% 80.49B
12.34x1.81x7.85x3.49% 79.41B
11.87x1.9x4.81x2.67% 71.87B
15.33x2.72x8.54x5.09% 57.69B
23.36x5.25x18.65x4.61% 55.2B
13.24x1.77x5.48x4.83% 49.98B
Average 14.82x 2.37x 7.23x 4.84% 102.32B
Weighted average by Cap. 13.26x 2.13x 6.33x 5.24%

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

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  3. SCMN Stock
  4. Valuation Swisscom AG