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SQN

Swissquote Group Holding SWX:SQN Stock Report

Last Price

CHF110.90

Market Cap

CHF1.7b

7D

-3.6%

1Y

-26.5%

Updated

07 Aug, 2022

Data

Company Financials +
SQN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance6/6
Financial Health3/6
Dividends4/6

SQN Stock Overview

Swissquote Group Holding Ltd, through its subsidiaries, provides a range of online financial services in Switzerland, rest of Europe, the Middle East, and the Asia Pacific.

Swissquote Group Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Swissquote Group Holding
Historical stock prices
Current Share PriceCHF110.90
52 Week HighCHF212.50
52 Week LowCHF90.75
Beta1.16
1 Month Change6.84%
3 Month Change-13.90%
1 Year Change-26.46%
3 Year Change155.18%
5 Year Change244.95%
Change since IPO331.52%

Recent News & Updates

Jun 07
If You Like EPS Growth Then Check Out Swissquote Group Holding (VTX:SQN) Before It's Too Late

If You Like EPS Growth Then Check Out Swissquote Group Holding (VTX:SQN) Before It's Too Late

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

SQNCH Capital MarketsCH Market
7D-3.6%-1.4%-0.3%
1Y-26.5%-22.1%-11.0%

Return vs Industry: SQN underperformed the Swiss Capital Markets industry which returned -22.1% over the past year.

Return vs Market: SQN underperformed the Swiss Market which returned -11% over the past year.

Price Volatility

Is SQN's price volatile compared to industry and market?
SQN volatility
SQN Average Weekly Movement6.1%
Capital Markets Industry Average Movement5.3%
Market Average Movement4.5%
10% most volatile stocks in CH Market7.4%
10% least volatile stocks in CH Market2.4%

Stable Share Price: SQN is more volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SQN's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Swiss stocks.

About the Company

FoundedEmployeesCEOWebsite
1999798Marc Burkihttps://www.swissquote.ch

Swissquote Group Holding Ltd, through its subsidiaries, provides a range of online financial services in Switzerland, rest of Europe, the Middle East, and the Asia Pacific. The company operates in two segments, Securities Trading and Leveraged Forex. It operates an online bank that accepts multi-currency deposits/withdrawals that include crypto assets.

Swissquote Group Holding Fundamentals Summary

How do Swissquote Group Holding's earnings and revenue compare to its market cap?
SQN fundamental statistics
Market CapCHF1.66b
Earnings (TTM)CHF193.11m
Revenue (TTM)CHF498.97m

8.6x

P/E Ratio

3.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SQN income statement (TTM)
RevenueCHF498.97m
Cost of RevenueCHF244.09m
Gross ProfitCHF254.88m
Other ExpensesCHF61.77m
EarningsCHF193.11m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)12.89
Gross Margin51.08%
Net Profit Margin38.70%
Debt/Equity Ratio8.6%

How did SQN perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

17%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SQN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SQN?

Other financial metrics that can be useful for relative valuation.

SQN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does SQN's PE Ratio compare to its peers?

SQN PE Ratio vs Peers
The above table shows the PE ratio for SQN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.8x
CFT Compagnie Financière Tradition
12.3xn/aCHF805.9m
VLRT Valartis Group
12.4xn/aCHF64.5m
LEON Leonteq
5.5x-30.3%CHF1.1b
EFGN EFG International
12.8x8.6%CHF2.3b
SQN Swissquote Group Holding
8.6x9.2%CHF1.7b

Price-To-Earnings vs Peers: SQN is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (10.8x).


Price to Earnings Ratio vs Industry

How does SQN's PE Ratio compare vs other companies in the European Capital Markets Industry?

Price-To-Earnings vs Industry: SQN is good value based on its Price-To-Earnings Ratio (8.6x) compared to the Swiss Capital Markets industry average (10.6x)


Price to Earnings Ratio vs Fair Ratio

What is SQN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SQN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.6x
Fair PE Ratio13.1x

Price-To-Earnings vs Fair Ratio: SQN is good value based on its Price-To-Earnings Ratio (8.6x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).


Share Price vs Fair Value

What is the Fair Price of SQN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SQN (CHF110.9) is trading below our estimate of fair value (CHF288.94)

Significantly Below Fair Value: SQN is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Swissquote Group Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SQN's forecast earnings growth (9.2% per year) is above the savings rate (-0.2%).

Earnings vs Market: SQN's earnings (9.2% per year) are forecast to grow faster than the Swiss market (8.7% per year).

High Growth Earnings: SQN's earnings are forecast to grow, but not significantly.

Revenue vs Market: SQN's revenue (6.1% per year) is forecast to grow faster than the Swiss market (4.2% per year).

High Growth Revenue: SQN's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SQN's Return on Equity is forecast to be high in 3 years time (24.9%)


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Past Performance

How has Swissquote Group Holding performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


40.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SQN has high quality earnings.

Growing Profit Margin: SQN's current net profit margins (38.7%) are higher than last year (27.1%).


Past Earnings Growth Analysis

Earnings Trend: SQN's earnings have grown significantly by 40.6% per year over the past 5 years.

Accelerating Growth: SQN's earnings growth over the past year (112.2%) exceeds its 5-year average (40.6% per year).

Earnings vs Industry: SQN earnings growth over the past year (112.2%) exceeded the Capital Markets industry 17.8%.


Return on Equity

High ROE: SQN's Return on Equity (31.4%) is considered high.


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Financial Health

How is Swissquote Group Holding's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SQN's short term assets (CHF7.9B) do not cover its short term liabilities (CHF8.4B).

Long Term Liabilities: SQN's short term assets (CHF7.9B) exceed its long term liabilities (CHF32.7M).


Debt to Equity History and Analysis

Debt Level: SQN has more cash than its total debt.

Reducing Debt: SQN's debt to equity ratio has increased from 4.6% to 8.6% over the past 5 years.

Debt Coverage: SQN's debt is well covered by operating cash flow (2900%).

Interest Coverage: Insufficient data to determine if SQN's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Swissquote Group Holding current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.98%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SQN's dividend (1.98%) is higher than the bottom 25% of dividend payers in the Swiss market (1.85%).

High Dividend: SQN's dividend (1.98%) is low compared to the top 25% of dividend payers in the Swiss market (4.07%).


Stability and Growth of Payments

Stable Dividend: SQN's dividend payments have been volatile in the past 10 years.

Growing Dividend: SQN's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (17%), SQN's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (2.2%), SQN's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Marc Burki (61 yo)

23.58yrs

Tenure

CHF1,107,076

Compensation

Mr. Marc Burki has been the Chief Executive Officer at Swissquote Bank since March 2002 and Swissquote Group Holding Ltd (formerly known as Swissquote Group Holding AG) since 1999. He has been a Director a...


CEO Compensation Analysis

Compensation vs Market: Marc's total compensation ($USD1.15M) is about average for companies of similar size in the Swiss market ($USD1.31M).

Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SQN's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: SQN's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Swissquote Group Holding Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Swissquote Group Holding Ltd
  • Ticker: SQN
  • Exchange: SWX
  • Founded: 1999
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: CHF1.662b
  • Shares outstanding: 14.98m
  • Website: https://www.swissquote.ch

Number of Employees


Location

  • Swissquote Group Holding Ltd
  • Chemin de la Crétaux 33
  • Case postale 319
  • Gland
  • Vaud
  • 1196
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.