Projected Income Statement: Swisscom AG

Forecast Balance Sheet: Swisscom AG

Forecast Balance Sheet - Swisscom AG
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 7,706 7,374 7,071 15,597 15,633 15,130 14,809 14,205
Change - -4.31% -4.11% 120.58% 0.23% -3.22% -2.12% -4.08%
Announcement Date 03/02/22 08/02/23 07/02/24 13/02/25 12/02/26 - - -
1CHF in Million
Estimates

Cash Flow Forecast: Swisscom AG

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 2,286 2,309 2,292 2,312 3,008 3,050 3,009 2,914
Change - 1.01% -0.74% 0.87% 30.1% 1.41% -1.36% -3.15%
Free Cash Flow (FCF) 1 1,758 1,349 1,480 1,437 1,433 1,541 1,528 1,769
Change - -23.27% 9.71% -2.91% -0.28% 7.52% -0.85% 15.81%
Announcement Date 03/02/22 08/02/23 07/02/24 13/02/25 12/02/26 - - -
1CHF in Million
Estimates

Forecast Financial Ratios: Swisscom AG

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 40.1% 39.65% 41.74% 39.46% 43.97% 45.61% 46.37% 47.31%
EBIT Margin (%) 18.47% 18.36% 19.92% 17.68% 12.79% 14.15% 15.2% 16.17%
EBT Margin (%) 19.24% 17.67% 18.74% 16.86% 10.41% 11.44% 12.4% 13.43%
Net margin (%) 16.38% 14.42% 15.45% 13.96% 8.45% 9.67% 10.5% 11.55%
FCF margin (%) 15.72% 12.14% 13.37% 13.02% 9.52% 10.46% 10.42% 12.07%
FCF / Net Income (%) 95.96% 84.21% 86.5% 93.25% 112.75% 108.22% 99.2% 104.48%

Profitability

        
ROA 7.47% 6.48% 6.93% 4.97% 3.44% 3.95% 4.27% 4.72%
ROE 18.05% 14.58% 15.02% 12.96% 10.42% 11.79% 12.85% 14.03%

Financial Health

        
Leverage (Debt/EBITDA) 1.72x 1.67x 1.53x 3.58x 2.36x 2.25x 2.18x 2.05x
Debt / Free cash flow 4.38x 5.47x 4.78x 10.85x 10.91x 9.82x 9.69x 8.03x

Capital Intensity

        
CAPEX / Current Assets (%) 20.44% 20.78% 20.7% 20.95% 19.99% 20.72% 20.52% 19.88%
CAPEX / EBITDA (%) 50.98% 52.41% 49.59% 53.09% 45.46% 45.42% 44.25% 42.02%
CAPEX / FCF (%) 130.03% 171.16% 154.86% 160.89% 209.91% 197.98% 196.96% 164.72%

Items per share

        
Cash flow per share 1 78.07 74.82 77.78 76.77 116.1 101.1 102.3 103.4
Change - -4.15% 3.95% -1.29% 51.17% -12.91% 1.17% 1.13%
Dividend per Share 1 22 22 22 22 22 26.95 28.21 29.11
Change - 0% 0% 0% 0% 22.48% 4.68% 3.19%
Book Value Per Share 1 208.7 215.6 224.3 234.6 236.3 235.3 239.5 242.5
Change - 3.3% 4.04% 4.61% 0.69% -0.41% 1.78% 1.25%
EPS 1 35.37 30.93 33.03 29.77 24.54 26.72 28.86 31.42
Change - -12.55% 6.79% -9.87% -17.57% 8.89% 8.01% 8.87%
Nbr of stocks (in thousands) 51,802 51,802 51,802 51,802 51,802 51,802 51,802 51,802
Announcement Date 03/02/22 08/02/23 07/02/24 13/02/25 12/02/26 - - -
1CHF
Estimates
2026 *2027 *
P/E 26.2x 24.2x
PBR 2.97x 2.92x
EV / Sales 3.49x 3.48x
Yield 3.85% 4.03%

EPS & Dividend

EPS & Dividend - Swisscom AG


Y-o-Y evolution of P/E

Valuation ratios - P/E - Swisscom AG
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Swisscom AG
Trader
Investor
Global
Quality
ESG MSCI
AA
MarketScreener Ratings - Swisscom AG
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
17
Last Close Price
699.50CHF
Average target price
573.76CHF
Spread / Average Target
-17.98%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Swisscom AG
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