(SCMN) Swisscom - SW
Sector: Communication Services | Industry: Telecom Services | Exchange: SW (Switzerland) | Market Cap: 32.532m CHF | Total Return: 16.4% in 12m
Avg Turnover: 40.9M
EPS Trend: -91.7%
Qual. Beats: 0
Rev. Trend: 87.7%
Qual. Beats: -1
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Swisscom AG is a Swiss integrated telecommunications operator providing mobile, fixed-network, broadband, and TV services to residential customers, and a broad set of ICT, IT infrastructure, cloud, security, and outsourcing solutions to corporate, public-sector, and SME clients. The company reports through three segments - Switzerland, Italy, and Other - and also offers wholesale services over copper, fiber-optic, and mobile networks, along with network construction and maintenance, broadcasting, and trust services such as electronic signatures and digital certificates. It is also expanding a generative AI offering for businesses and public authorities under its FastwebAI Suite, alongside IoT and digital workplace solutions.
As a large-cap Swiss incumbent listed in the Communication Services sector, Swisscom illustrates the integrated telecom business model, in which a single operator combines retail connectivity, enterprise IT services, and wholesale network access under one structure. Its mix of a regulated domestic franchise, a foreign operator in Italy, and growing digital/AI services is typical of European incumbents seeking to offset mature core connectivity markets by bundling cloud, security, and platform offerings.
- Vodafone Italia acquisition boosts revenue but elevates leverage
- Swiss core market faces regulator price pressure on fixed-line
- Fastweb Italy segment margin expansion from enterprise cloud and AI services
| Net Income: 1.24b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 2.40 > 1.0 |
| NWC/Revenue: -13.94% < 20% (prev -8.43%; Δ -5.52% < -1%) |
| CFO/TA 0.17 > 3% & CFO 6.02b > Net Income 1.24b |
| Net Debt (20.5b) to EBITDA (6.70b): 3.07 < 3 |
| Current Ratio: 0.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (51.8m) vs 12m ago -0.07% < -2% |
| Gross Margin: 67.64% > 18% (prev 68.51%; Δ -0.87% > 0.5%) |
| Asset Turnover: 40.68% > 50% (prev 32.45%; Δ 8.22% > 0%) |
| Interest Coverage Ratio: 5.49 > 6 (EBIT TTM 2.00b / Interest Expense TTM 365.0m) |
| A: -0.06 (Total Current Assets 4.99b - Total Current Liabilities 7.07b) / Total Assets 36.0b |
| B: 0.37 (Retained Earnings 13.2b / Total Assets 36.0b) |
| C: 0.05 (EBIT TTM 2.00b / Avg Total Assets 36.6b) |
| D: 0.45 (Book Value of Equity 11.2b / Total Liabilities 24.8b) |
| Altman-Z'' = 1.66 = BB |
| DSRI: 0.79 (Receivables 2.97b/3.07b, Revenue 14.9b/12.1b) |
| GMI: 1.01 (GM 68.51% / 67.64%) |
| AQI: 1.04 (AQ_t 0.38 / AQ_t-1 0.36) |
| SGI: 1.23 (Revenue 14.9b / 12.1b) |
| TATA: -0.13 (NI 1.24b - CFO 6.02b) / TA 36.0b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at CHF 632.00 with a total of 179,613 shares traded.
Over the past week, the price has changed by -3.30%,
over one month by -7.42%,
over three months by -8.08% and
over the past year by +16.35%.
Swisscom has no consensus analysts rating.
P/E Trailing = 26.3533
P/E Forward = 21.4133
P/S = 2.1841
P/B = 2.9663
P/EG = 2.8894
Revenue TTM = 14.9b CHF
EBIT TTM = 2.00b CHF
EBITDA TTM = 6.70b CHF
Long Term Debt = 11.1b CHF (from longTermDebt, last fiscal year)
Short Term Debt = 3.33b CHF (from shortTermDebt, last quarter)
Debt = 21.2b CHF (from shortLongTermDebtTotal, last quarter) + Leases 3.58b
Net Debt = 20.5b CHF (calculated: Debt 21.2b - CCE 661.0m)
Enterprise Value = 53.1b CHF (32.5b + Debt 21.2b - CCE 661.0m)
Interest Coverage Ratio = 5.49 (Ebit TTM 2.00b / Interest Expense TTM 365.0m)
EV/FCF = 17.20x (Enterprise Value 53.1b / FCF TTM 3.08b)
FCF Yield = 5.81% (FCF TTM 3.08b / Enterprise Value 53.1b)
FCF Margin = 20.70% (FCF TTM 3.08b / Revenue TTM 14.9b)
Net Margin = 8.30% (Net Income TTM 1.24b / Revenue TTM 14.9b)
Gross Margin = 67.64% ((Revenue TTM 14.9b - Cost of Revenue TTM 4.82b) / Revenue TTM)
Gross Margin QoQ = 28.01% (prev none%)
Tobins Q-Ratio = 1.47 (Enterprise Value 53.1b / Total Assets 36.0b)
Interest Expense / Debt = 1.72% (Interest Expense 365.0m / Debt 21.2b)
Taxrate = 19.23% (294.0m / 1.53b)
NOPAT = 1.62b (EBIT 2.00b * (1 - 19.23%))
Current Ratio = 0.71 (Total Current Assets 4.99b / Total Current Liabilities 7.07b)
Debt / Equity = 1.90 (Debt 21.2b / totalStockholderEquity, last quarter 11.2b)
Debt / EBITDA = 3.07 (Net Debt 20.5b / EBITDA 6.70b)
Debt / FCF = 6.66 (Net Debt 20.5b / FCF TTM 3.08b)
Total Stockholder Equity = 11.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.38% (Net Income 1.24b / Total Assets 36.0b)
RoE = 10.53% (Net Income TTM 1.24b / Total Stockholder Equity 11.7b)
RoCE = 8.77% (EBIT 2.00b / Capital Employed (Equity 11.7b + L.T.Debt 11.1b))
RoIC = 5.12% (NOPAT 1.62b / Invested Capital 31.6b)
WACC = 3.92% (E(32.5b)/V(53.7b) * Re(5.57%) + D(21.2b)/V(53.7b) * Rd(1.72%) * (1-Tc(0.19)))
Discount Rate = 5.57% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 2.59 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈2.77b ; Y1≈3.18b ; Y5≈4.67b
[DCF] Fair Price = 961.5 (EV 70.3b - Net Debt 20.5b = Equity 49.8b / Shares 51.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -91.67 | EPS CAGR: -12.98% | SUE: -0.23 | # QB: 0
Revenue Correlation: 87.69 | Revenue CAGR: 13.05% | SUE: -2.33 | # QB: -1
EPS current Quarter (2026-06-30): EPS=5.65 | Chg30d=+0.65% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=6.61 | Chg30d=-2.06% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=28.54 | Chg30d=+1.86% | Revisions=+14% | GrowthEPS=+16.3% | GrowthRev=-2.2%
EPS next Year (2027-12-31): EPS=30.72 | Chg30d=+3.92% | Revisions=+33% | GrowthEPS=+7.6% | GrowthRev=-0.3%
[Analyst] Revisions Ratio: +33%