Potential Upside For Swissquote Group Holding Ltd (VTX:SQN) Not Without Risk
Apr 03
Swiss (SMI) Capital Markets Industry Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies22
- 7D-3.7%
- 3M7.0%
- 1Y30.6%
- YTD6.8%
Over the last 7 days, the Capital Markets industry has dropped 3.7%, driven by a pullback from UBS Group of 5.7%. Over the past 12 months, the industry was up 31%. In the next few years, earnings are forecast to decline by 17% annually.
Industry Valuation and Performance
Has the Swiss Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | CHF144.8b | CHF47.0b | CHF27.9b | 16.8x | 5.2x | 3.1x |
| Fri, 15 Mar 2024 | CHF150.7b | CHF46.0b | CHF28.1b | 18.8x | 5.4x | 3.3x |
| Sun, 11 Feb 2024 | CHF135.4b | CHF45.6b | CHF27.8b | 15.4x | 4.9x | 3x |
| Tue, 09 Jan 2024 | CHF142.1b | CHF71.0b | CHF34.5b | 14.3x | 4.1x | 2x |
| Thu, 07 Dec 2023 | CHF137.8b | CHF72.0b | CHF35.4b | 13.7x | 3.9x | 1.9x |
| Sat, 04 Nov 2023 | CHF126.5b | CHF69.9b | CHF38.3b | 13.9x | 3.3x | 1.8x |
| Mon, 02 Oct 2023 | CHF130.4b | CHF70.6b | CHF38.8b | 13.8x | 3.4x | 1.8x |
| Wed, 30 Aug 2023 | CHF120.9b | CHF69.2b | CHF14.0b | 13.7x | 8.6x | 1.7x |
| Fri, 28 Jul 2023 | CHF113.1b | CHF68.2b | CHF13.5b | 14.3x | 8.4x | 1.7x |
| Sun, 25 Jun 2023 | CHF103.1b | CHF69.4b | CHF13.7b | 13.2x | 7.5x | 1.5x |
| Tue, 23 May 2023 | CHF107.5b | CHF69.5b | CHF13.8b | 15.2x | 7.8x | 1.5x |
| Thu, 20 Apr 2023 | CHF111.3b | CHF56.2b | CHF2.1b | 15.5x | 53.2x | 2x |
| Sat, 18 Mar 2023 | CHF105.1b | CHF57.7b | CHF2.6b | 14.4x | 40.1x | 1.8x |
| Mon, 13 Feb 2023 | CHF124.3b | CHF58.0b | CHF2.6b | 14.5x | 47.7x | 2.1x |
| Wed, 11 Jan 2023 | CHF119.8b | CHF59.8b | CHF1.7b | 13.8x | 69.8x | 2x |
| Fri, 09 Dec 2022 | CHF110.3b | CHF60.3b | CHF1.8b | 12.4x | 60.9x | 1.8x |
| Sun, 06 Nov 2022 | CHF109.6b | CHF46.4b | CHF2.3b | 10.7x | 47.7x | 2.4x |
| Tue, 04 Oct 2022 | CHF101.2b | CHF65.0b | CHF7.2b | 9.7x | 14x | 1.6x |
| Thu, 01 Sep 2022 | CHF112.3b | CHF64.4b | CHF7.1b | 10.5x | 15.7x | 1.7x |
| Sat, 30 Jul 2022 | CHF115.5b | CHF64.1b | CHF7.5b | 9.9x | 15.5x | 1.8x |
| Mon, 27 Jun 2022 | CHF114.8b | CHF65.8b | CHF9.4b | 10.3x | 12.2x | 1.7x |
| Wed, 25 May 2022 | CHF126.9b | CHF66.0b | CHF9.5b | 10x | 13.4x | 1.9x |
| Fri, 22 Apr 2022 | CHF132.1b | CHF63.9b | CHF9.1b | 11.3x | 14.5x | 2.1x |
| Sun, 20 Mar 2022 | CHF136.7b | CHF62.6b | CHF8.6b | 11.1x | 15.9x | 2.2x |
| Tue, 15 Feb 2022 | CHF146.9b | CHF62.1b | CHF8.6b | 12x | 17.1x | 2.4x |
| Thu, 13 Jan 2022 | CHF150.5b | CHF61.3b | CHF10.1b | 14.1x | 14.9x | 2.5x |
| Sat, 11 Dec 2021 | CHF147.0b | CHF61.5b | CHF10.2b | 13.7x | 14.5x | 2.4x |
| Mon, 08 Nov 2021 | CHF155.5b | CHF61.3b | CHF10.1b | 14.6x | 15.4x | 2.5x |
| Wed, 06 Oct 2021 | CHF140.7b | CHF61.1b | CHF10.1b | 14.5x | 13.9x | 2.3x |
| Fri, 03 Sep 2021 | CHF149.0b | CHF61.0b | CHF10.1b | 16.2x | 14.8x | 2.4x |
| Sun, 01 Aug 2021 | CHF143.0b | CHF61.0b | CHF10.1b | 14.8x | 14.2x | 2.3x |
| Wed, 05 May 2021 | CHF134.2b | CHF60.4b | CHF9.9b | 16.4x | 13.6x | 2.2x |
Price to Earnings Ratio
13.6x
Current Industry PE
- Investors are pessimistic on the Swiss Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 5.2x which is lower than its 3-year average PE of 18.5x.
- The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 41% per year over the last three years.
- Meanwhile revenues for these companies have declined 8.0% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Swiss Financials industry?
| CH Market | -0.80% | |
| Financials | -2.29% | |
| Capital Markets | -3.68% | |
| Investment Banking and Brokerage | 1.18% | |
| Financial Exchanges and Data | 0% | |
| Asset Management | -0.95% | |
| Diversified Capital Markets | -5.68% | |
Industry PE
- Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 19.9x.
- Analysts are expecting annual earnings growth of 14.4%, which is higher than its past year's earnings decline of 0.1% per year.
- Investors are most pessimistic about the Diversified Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- In contrast, the Diversified Capital Markets industry is expected to see its earnings decline by 37% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VT5 VT5 Acquisition | CHF11.40 | 12.9% +CHF28.3m | 21.3% | n/a | |
| HAUTE Haute Capital Partners | CHF112.40 | 0.8% +CHF900.0k | 51.7% | n/a | |
| EEII EEII | CHF3.00 | 20.0% +CHF763.8k | 42.9% | PB15.4x | |
| AIRE Airesis | CHF0.48 | 0.4% +CHF124.0k | -12.4% | PS0.2x |
