Swissquote Group Holding Ltd

SWX:SQN Stock Report

Market Cap: CHF 4.9b

Swissquote Group Holding Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (CHF330) is trading below our estimate of fair value (CHF559.26)

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

Key Valuation Metric

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

Key metric: As SQN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SQN. This is calculated by dividing SQN's market cap by their current earnings.
What is SQN's PE Ratio?
PE Ratio19.2x
EarningsCHF 255.66m
Market CapCHF 4.90b

Price to Earnings Ratio vs Peers

How does SQN's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.6x
CFT Compagnie Financière Tradition
12xn/aCHF 1.2b
LEON Leonteq
55.3x35.1%CHF 417.5m
VZN VZ Holding
27.4x6.3%CHF 5.6b
EFGN EFG International
11.8x6.3%CHF 3.5b
SQN Swissquote Group Holding
19.2x12.7%CHF 4.9b

Price-To-Earnings vs Peers: SQN is good value based on its Price-To-Earnings Ratio (19.2x) compared to the peer average (26.6x).

Price to Earnings Ratio vs Industry

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

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SQN 19.2xIndustry Avg. 12.8xNo. of Companies39PE01224364860+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SQN is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the European Capital Markets industry average (13.1x).

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 Ratio19.2x
Fair PE Ratio22.1x

Price-To-Earnings vs Fair Ratio: SQN is good value based on its Price-To-Earnings Ratio (19.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.1x).

Analyst Price Targets

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

The above table shows the analyst SQN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 330.00
CHF 310.50
-5.9%
9.4%CHF 350.00CHF 258.00n/a6
Nov ’25CHF 300.20
CHF 310.50
+3.4%
9.4%CHF 350.00CHF 258.00n/a6
Oct ’25CHF 303.60
CHF 310.50
+2.3%
9.4%CHF 350.00CHF 258.00n/a6
Sep ’25CHF 303.40
CHF 308.60
+1.7%
10.3%CHF 350.00CHF 258.00n/a5
Aug ’25CHF 280.60
CHF 291.25
+3.8%
11.0%CHF 325.00CHF 250.00n/a4
Jul ’25CHF 285.60
CHF 286.00
+0.1%
10.7%CHF 325.00CHF 250.00n/a5
Jun ’25CHF 275.40
CHF 247.00
-10.3%
8.6%CHF 270.00CHF 210.00n/a5
May ’25CHF 250.00
CHF 247.00
-1.2%
8.6%CHF 270.00CHF 210.00n/a5
Apr ’25CHF 253.20
CHF 247.00
-2.4%
8.6%CHF 270.00CHF 210.00n/a5
Mar ’25CHF 240.00
CHF 241.00
+0.4%
7.5%CHF 265.00CHF 210.00n/a5
Feb ’25CHF 218.20
CHF 236.40
+8.3%
8.6%CHF 265.00CHF 210.00n/a5
Jan ’25CHF 204.60
CHF 231.40
+13.1%
8.4%CHF 265.00CHF 210.00n/a5
Dec ’24CHF 200.60
CHF 223.00
+11.2%
5.0%CHF 240.00CHF 210.00n/a4
Nov ’24CHF 174.70
CHF 223.00
+27.6%
5.0%CHF 240.00CHF 210.00CHF 300.204
Oct ’24CHF 167.60
CHF 225.00
+34.2%
5.4%CHF 240.00CHF 210.00CHF 303.603
Sep ’24CHF 174.90
CHF 225.00
+28.6%
5.4%CHF 240.00CHF 210.00CHF 303.403
Aug ’24CHF 197.40
CHF 218.13
+10.5%
8.9%CHF 245.00CHF 192.50CHF 280.604
Jul ’24CHF 185.70
CHF 218.13
+17.5%
8.9%CHF 245.00CHF 192.50CHF 285.604
Jun ’24CHF 186.40
CHF 217.50
+16.7%
11.1%CHF 250.00CHF 192.50CHF 275.403
May ’24CHF 190.30
CHF 217.50
+14.3%
11.1%CHF 250.00CHF 192.50CHF 250.003
Apr ’24CHF 178.30
CHF 200.83
+12.6%
3.6%CHF 210.00CHF 192.50CHF 253.203
Mar ’24CHF 179.30
CHF 200.83
+12.0%
3.6%CHF 210.00CHF 192.50CHF 240.003
Feb ’24CHF 167.50
CHF 200.83
+19.9%
3.6%CHF 210.00CHF 192.50CHF 218.203
Jan ’24CHF 133.50
CHF 201.25
+50.7%
4.3%CHF 210.00CHF 192.50CHF 204.602
Dec ’23CHF 138.20
CHF 201.25
+45.6%
4.3%CHF 210.00CHF 192.50CHF 200.602
Nov ’23CHF 120.50
CHF 193.75
+60.8%
8.4%CHF 210.00CHF 177.50CHF 174.702

Analyst Forecast: Target price is lower than the current share price.

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