Swiss (SMI) Telecom Sector Analysis

Sector Valuation and Performance

Has the Swiss Telecom Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 04 Dec 2022	CHF28.8b	CHF13.3b	CHF2.3b	17.6x	12.5x	2.2x
Tue, 01 Nov 2022	CHF27.9b	CHF13.3b	CHF2.3b	17x	12.1x	2.1x
Thu, 29 Sep 2022	CHF26.5b	CHF13.3b	CHF2.4b	15.6x	11.3x	2x
Sat, 27 Aug 2022	CHF28.6b	CHF13.1b	CHF2.4b	16.7x	12.1x	2.2x
Mon, 25 Jul 2022	CHF28.8b	CHF13.2b	CHF2.4b	16.2x	11.8x	2.2x
Wed, 22 Jun 2022	CHF29.0b	CHF13.2b	CHF2.4b	16.4x	11.9x	2.2x
Fri, 20 May 2022	CHF31.4b	CHF13.1b	CHF2.4b	17.8x	12.9x	2.4x
Sun, 17 Apr 2022	CHF32.4b	CHF13.2b	CHF2.6b	16.3x	12.4x	2.5x
Tue, 15 Mar 2022	CHF30.9b	CHF13.1b	CHF2.6b	15.5x	12x	2.4x
Thu, 10 Feb 2022	CHF30.8b	CHF13.1b	CHF1.8b	30.8x	16.7x	2.3x
Sat, 08 Jan 2022	CHF29.1b	CHF13.1b	CHF1.8b	29.7x	15.8x	2.2x
Mon, 06 Dec 2021	CHF28.8b	CHF13.1b	CHF1.8b	29.1x	15.6x	2.2x
Wed, 03 Nov 2021	CHF28.5b	CHF13.1b	CHF1.8b	32.4x	15.5x	2.2x
Fri, 01 Oct 2021	CHF30.6b	CHF13.1b	CHF1.8b	33.3x	17.1x	2.3x
Sun, 29 Aug 2021	CHF30.0b	CHF13.1b	CHF1.8b	34x	16.8x	2.3x
Mon, 05 Jul 2021	CHF29.4b	CHF13.1b	CHF1.8b	35.1x	16.5x	2.2x
Thu, 08 Apr 2021	CHF28.2b	CHF13.0b	CHF1.7b	27.5x	17x	2.2x
Sun, 10 Jan 2021	CHF26.5b	CHF13.0b	CHF1.4b	30.4x	19.5x	2x
Sat, 03 Oct 2020	CHF26.9b	CHF13.2b	CHF1.5b	36.2x	17.7x	2x
Tue, 07 Jul 2020	CHF27.3b	CHF13.0b	CHF1.6b	21.9x	17.4x	2.1x
Fri, 10 Apr 2020	CHF28.5b	CHF13.2b	CHF1.7b	18.1x	16.7x	2.2x
Thu, 02 Jan 2020	CHF28.8b	CHF13.9b	CHF1.8b	18.1x	16.2x	2.1x

Current Industry PE

Investors are pessimistic on the Swiss Communication Services 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 12.5x which is lower than its 3-year average PE of 15.8x.

Past Earnings Growth

The earnings for companies in the Communication Services industry have grown 15% per year over the last three years, while revenues have remained mostly flat.
This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Swiss Telecom sector?


CH Market	-0.12%
Telecom	0.93%
Telecom Services and Carriers	1.23%
Entertainment	0%
Interactive Media and Services	0%
Wireless Telecom	0%
Media	-2.37%

Industry PE

Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 15.6x.

Analysts are expecting annual earnings growth of 1.1%, which is higher than its past year's earnings decline of 20.4% per year.

Investors are most pessimistic about the Media 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 Telecom Services and Carriers industry, expecting annual earnings growth of 1.1% over the next 5 years.
This is better than its past earnings decline of 20% per year.

In contrast, the Media industry is expected to see its earnings decline by 55% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	SCMN Swisscom	CHF511.80	1.2% +CHF321.2m	0.7%	PE17.6x
	MCHN MCH Group	CHF4.93	3.1% +CHF4.6m	-47.6%	PS0.5x

Company

Last Price

Valuation

SCMN Swisscom

CHF511.80

1.2%
+CHF321.2m

0.7%

PE17.6x

MCHN MCH Group

CHF4.93

3.1%
+CHF4.6m

-47.6%

PS0.5x

Nov 20

Sector Valuation and Performance