SQN Stock Analysis: Swissquote Holding | SW
Capital Markets | SW, Switzerland | Market Cap: 5.902m CHF | 12M Return: -23.1% | CH1548235246 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 17.8M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Swissquote Group Holding SA is a Swiss online financial services provider founded in 1996 and headquartered in Gland, Switzerland. The company serves retail investors, affluent clients, and professional and institutional customers both domestically and internationally, operating through two main segments: Securities Trading and Leveraged Forex.
As a digital bank and brokerage, Swissquote offers a multi-currency platform supporting deposits and withdrawals in traditional currencies, cryptocurrencies, and precious metals. Its service suite includes real-time securities trading, custody, margin lending, and over-the-counter (OTC) trading in foreign exchange and contracts-for-differences (CFDs). The platform is classified within the GICS Investment Banking & Brokerage sub-industry, reflecting its hybrid business model that blends brokerage execution with full banking services such as debit cards, online payments, eMortgages, and loans.
Beyond core trading, the company provides portfolio solutions, sustainable investing options, savings plans, and thematic trading products, catering to a broad client base that includes high-net-worth individuals, family offices, fund managers, asset managers, and other financial institutions. This diversified offering positions Swissquote within the broader fintech and digital wealth management sector, where integrated banking and investing platforms have become increasingly competitive in Europe.
- Net interest income pressured by SNB rate cuts
- Crypto and equities volatility drives trading volume surge
- Competition intensifies from neobrokers and zero-commission platforms
| Net Income: 361.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.68 > 1.0 |
| NWC/Revenue: 677.9% < 20% (prev -1.59k%; Δ 2.27k% < -1%) |
| CFO/TA 0.03 > 3% & CFO 587.6m > Net Income 361.8m |
| Net Debt (-5.43b) to EBITDA (480.6m): -11.29 < 3 |
| Current Ratio: 20.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (150.6m) vs 12m ago 0.16% < -2% |
| Gross Margin: 75.53% > 18% (prev 85.86%; Δ -10.34% > 0.5%) |
| Asset Turnover: 5.11% > 50% (prev 5.35%; Δ -0.24% > 0%) |
| Interest Coverage Ratio: 12.37 > 6 (EBIT TTM 417.9m / Interest Expense TTM 33.8m) |
| A: 0.32 (Total Current Assets 5.70b - Total Current Liabilities 276.0m) / Total Assets 16.9b |
| B: 0.09 (Retained Earnings 1.47b / Total Assets 16.9b) |
| C: 0.03 (EBIT TTM 417.9m / Avg Total Assets 15.7b) |
| D: 0.09 (Book Value of Equity 1.39b / Total Liabilities 15.5b) |
| Altman-Z'' = 2.66 = A |
As of August 22, 2026, the stock is trading at CHF 39.80 with a total of 806,309 shares traded. Over the past week, the price has changed by +8.15%, over one month by -3.40%, over three months by -0.70% and over the past year by -23.14%.
Current recommended Stop Loss: 35.40 (which is 11.1% or 2.4 ATR below the current price).
Swissquote Holding has no consensus analysts rating.
P/E Trailing = 16.477
P/E Forward = 10.8342
P/S = 7.6708
P/B = 4.06
P/EG = 1.2564
Revenue TTM = 800.6m CHF
EBIT TTM = 417.9m CHF
EBITDA TTM = 480.6m CHF
Long Term Debt = 7.25m CHF (from longTermDebtTotal, last fiscal year)
Short Term Debt = 276.0m CHF (from shortTermDebt, last quarter)
Debt = 276.0m CHF (from shortLongTermDebtTotal, last quarter)
Net Debt = -5.43b CHF (calculated: Debt 276.0m - CCE 5.70b)
Enterprise Value = 475.1m CHF (5.90b + Debt 276.0m - CCE 5.70b)
Interest Coverage Ratio = 12.37 (Ebit TTM 417.9m / Interest Expense TTM 33.8m)
EV/FCF = 0.98x (Enterprise Value 475.1m / FCF TTM 482.4m)
FCF Yield = 101.5% (FCF TTM 482.4m / Enterprise Value 475.1m)
FCF Margin = 60.26% (FCF TTM 482.4m / Revenue TTM 800.6m)
Net Margin = 45.19% (Net Income TTM 361.8m / Revenue TTM 800.6m)
Gross Margin = 75.53% ((Revenue TTM 800.6m - Cost of Revenue TTM 195.9m) / Revenue TTM)
Gross Margin QoQ = 76.93% (prev 74.15%)
Tobins Q-Ratio = 0.03 (Enterprise Value 475.1m / Total Assets 16.9b)
Interest Expense / Debt = 12.24% (Interest Expense 33.8m / Debt 276.0m)
Taxrate = 13.43% (56.1m / 417.9m)
NOPAT = 361.8m (EBIT 417.9m * (1 - 13.43%))
Current Ratio = 20.67 (Total Current Assets 5.70b / Total Current Liabilities 276.0m)
Debt / Equity = 0.20 (Debt 276.0m / totalStockholderEquity, last quarter 1.39b)
Debt / EBITDA = -11.29 (Net Debt -5.43b / EBITDA 480.6m)
Debt / FCF = -11.25 (Net Debt -5.43b / FCF TTM 482.4m)
Total Stockholder Equity = 1.28b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.31% (Net Income 361.8m / Total Assets 16.9b)
RoE = 28.26% (Net Income TTM 361.8m / Total Stockholder Equity 1.28b)
RoCE = 32.46% (EBIT 417.9m / Capital Employed (Equity 1.28b + L.T.Debt 7.25m))
RoIC = 2.15% (NOPAT 361.8m / Invested Capital 16.9b)
WACC = 9.39% (E(5.90b)/V(6.18b) * Re(9.33%) + D(276.0m)/V(6.18b) * Rd(12.24%) * (1-Tc(0.13)))
Discount Rate = 9.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 80.16 | Cagr: 178.2%
[DCF] Terminal Value 69.31% ; FCFF base≈608.2m ; Y1≈533.4m ; Y5≈431.0m
[DCF] Fair Price = 75.63 (EV 5.91b - Net Debt -5.43b = Equity 11.3b / Shares 149.9m; r=9.39% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 95.71 | Revenue CAGR: 14.28% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=2.09 | Chg30d=-6.06% | Revisions=+0% | GrowthEPS=-13.7% | GrowthRev=+1.1%
EPS next Year (2027-12-31): EPS=2.44 | Chg30d=-2.66% | Revisions=-12% | GrowthEPS=+16.6% | GrowthRev=+10.2%
[Analyst] Revisions Ratio: -8% (up=4, down=5)