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Sunrise Communications Group

SWX:SRCG
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SRCG
SWX
CHF3B
Market Cap
  1. Home
  2. CH
  3. Telecom
Company description

Sunrise Communications Group AG, together with its subsidiaries, provides telecommunications services to residential and business customers, and other carriers in Switzerland. The last earnings update was 41 days ago. More info.


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SRCG Share Price and Events
7 Day Returns
1.7%
SWX:SRCG
-1.2%
Europe Telecom
-0.5%
CH Market
1 Year Returns
-10.7%
SWX:SRCG
2.2%
Europe Telecom
8.7%
CH Market
SRCG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sunrise Communications Group (SRCG) 1.7% 4.2% 0.2% -10.7% 15.9% -
Europe Telecom -1.2% 1.2% -0.2% 2.2% -6.2% -13.8%
CH Market -0.5% 1.7% 3% 8.7% 18.3% 13.2%
1 Year Return vs Industry and Market
  • SRCG underperformed the Telecom industry which returned 2.2% over the past year.
  • SRCG underperformed the Market in Switzerland which returned 8.7% over the past year.
Price Volatility
SRCG
Industry
5yr Volatility vs Market
Related Companies

SRCG Value

 Is Sunrise Communications Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sunrise Communications Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sunrise Communications Group.

SWX:SRCG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:SRCG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.332 (1 + (1- 18%) (56.18%))
0.655
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (0.8 * 5.96%)
8.04%

Discounted Cash Flow Calculation for SWX:SRCG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sunrise Communications Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SWX:SRCG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 8.04%)
2019 186.73 Analyst x4 172.82
2020 226.62 Analyst x6 194.13
2021 229.28 Analyst x4 181.79
2022 170.50 Analyst x2 125.12
2023 257.00 Analyst x1 174.56
2024 262.16 Est @ 2.01% 164.81
2025 268.43 Est @ 2.39% 156.19
2026 275.55 Est @ 2.65% 148.40
2027 283.38 Est @ 2.84% 141.25
2028 291.80 Est @ 2.97% 134.62
Present value of next 10 years cash flows CHF1,593.71
SWX:SRCG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CHF291.80 × (1 + 3.28%) ÷ (8.04% – 3.28%)
CHF6,320.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF6,320.42 ÷ (1 + 8.04%)10
CHF2,915.95
SWX:SRCG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF1,593.71 + CHF2,915.95
CHF4,509.66
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF4,509.66 / 45.07
CHF100.06
SWX:SRCG Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF100.06
Current discount Discount to share price of CHF72.65
= -1 x (CHF72.65 - CHF100.06) / CHF100.06
27.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sunrise Communications Group is available for.
Intrinsic value
27%
Share price is CHF72.65 vs Future cash flow value of CHF100.06
Current Discount Checks
For Sunrise Communications Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sunrise Communications Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sunrise Communications Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sunrise Communications Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sunrise Communications Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:SRCG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CHF CHF2.78
SWX:SRCG Share Price ** SWX (2019-06-26) in CHF CHF72.65
Europe Telecom Industry PE Ratio Median Figure of 57 Publicly-Listed Telecom Companies 23.43x
Switzerland Market PE Ratio Median Figure of 174 Publicly-Listed Companies 18.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sunrise Communications Group.

SWX:SRCG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:SRCG Share Price ÷ EPS (both in CHF)

= 72.65 ÷ 2.78

26.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sunrise Communications Group is overvalued based on earnings compared to the Europe Telecom industry average.
  • Sunrise Communications Group is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Sunrise Communications Group's expected growth come at a high price?
Raw Data
SWX:SRCG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
16.2%per year
Europe Telecom Industry PEG Ratio Median Figure of 36 Publicly-Listed Telecom Companies 1.99x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.26x

*Line of best fit is calculated by linear regression .

SWX:SRCG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.1x ÷ 16.2%

1.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sunrise Communications Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sunrise Communications Group's assets?
Raw Data
SWX:SRCG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CHF CHF33.59
SWX:SRCG Share Price * SWX (2019-06-26) in CHF CHF72.65
Europe Telecom Industry PB Ratio Median Figure of 75 Publicly-Listed Telecom Companies 1.92x
Switzerland Market PB Ratio Median Figure of 215 Publicly-Listed Companies 1.7x
SWX:SRCG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:SRCG Share Price ÷ Book Value per Share (both in CHF)

= 72.65 ÷ 33.59

2.16x

* Primary Listing of Sunrise Communications Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sunrise Communications Group is overvalued based on assets compared to the Europe Telecom industry average.
X
Value checks
We assess Sunrise Communications Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Sunrise Communications Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SRCG Future Performance

 How is Sunrise Communications Group expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sunrise Communications Group expected to grow at an attractive rate?
  • Sunrise Communications Group's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Sunrise Communications Group's earnings growth is expected to exceed the Switzerland market average.
  • Sunrise Communications Group's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:SRCG Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:SRCG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 16.2%
SWX:SRCG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 1.1%
Europe Telecom Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
Europe Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.6%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 10.6%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:SRCG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:SRCG Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,992 624 217 2
2022-12-31 1,935 610 182 3
2021-12-31 1,921 634 140 8
2020-12-31 1,905 594 106 10
2019-12-31 1,889 623 117 10
SWX:SRCG Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-03-31 1,865 529 125
2018-12-31 1,876 464 107
2018-09-30 1,900 469 96
2018-06-30 1,891 487 506
2018-03-31 1,882 540 509
2017-12-31 1,854 553 505
2017-09-30 1,846 536 530
2017-06-30 1,863 502 110
2017-03-31 1,882 510 93
2016-12-31 1,897 446 87
2016-09-30 1,908 504 64
2016-06-30 1,917 521 56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sunrise Communications Group's earnings are expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).
  • Sunrise Communications Group's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:SRCG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Sunrise Communications Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:SRCG Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.00 4.00 4.00 1.00
2022-12-31 3.39 3.90 2.87 2.00
2021-12-31 2.98 4.00 2.45 7.00
2020-12-31 2.40 2.90 1.78 9.00
2019-12-31 2.59 2.71 2.36 5.00
SWX:SRCG Past Financials Data
Date (Data in CHF Millions) EPS *
2019-03-31 2.78
2018-12-31 2.37
2018-09-30 2.13
2018-06-30 11.24
2018-03-31 11.30
2017-12-31 11.22
2017-09-30 11.77
2017-06-30 2.44
2017-03-31 2.07
2016-12-31 1.94
2016-09-30 1.42
2016-06-30 1.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sunrise Communications Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sunrise Communications Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sunrise Communications Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SRCG Past Performance

  How has Sunrise Communications Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sunrise Communications Group's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sunrise Communications Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Sunrise Communications Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sunrise Communications Group's 1-year earnings growth is negative, it can't be compared to the Europe Telecom industry average.
Earnings and Revenue History
Sunrise Communications Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sunrise Communications Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:SRCG Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,864.77 125.44
2018-12-31 1,876.46 106.92
2018-09-30 1,899.73 95.76
2018-06-30 1,890.86 505.94
2018-03-31 1,881.53 508.64
2017-12-31 1,854.18 504.79
2017-09-30 1,845.66 529.71
2017-06-30 1,863.44 109.77
2017-03-31 1,882.05 93.17
2016-12-31 1,896.67 87.09
2016-09-30 1,908.21 63.88
2016-06-30 1,917.36 56.42
2016-03-31 1,933.18 60.54
2015-12-31 1,976.13 -112.92
2015-09-30 2,018.77 -197.73
2015-06-30 2,063.94 -264.65
2015-03-31 2,099.99 -272.31
2014-12-31 2,075.48 -115.15
2014-09-30 2,037.22 -66.84
2014-06-30 2,024.70 -18.36
2014-03-31 1,998.75 -62.89
2013-12-31 2,021.25 -81.89
2013-09-30 2,030.66 -90.76
2013-06-30 2,027.71 -69.42
2013-03-31 2,043.72 -22.08
2012-12-31 2,066.48 16.06
2012-09-30 2,069.43 23.55
2012-06-30 2,051.18 33.83

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sunrise Communications Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sunrise Communications Group used its assets less efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • Sunrise Communications Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sunrise Communications Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sunrise Communications Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SRCG Health

 How is Sunrise Communications Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sunrise Communications Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sunrise Communications Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sunrise Communications Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sunrise Communications Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sunrise Communications Group Company Filings, last reported 2 months ago.

SWX:SRCG Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,514.04 1,570.66 458.66
2018-12-31 1,481.18 1,568.26 420.92
2018-09-30 1,466.12 1,565.98 375.69
2018-06-30 1,426.77 1,562.91 320.06
2018-03-31 1,565.86 1,391.37 280.91
2017-12-31 1,510.28 1,389.96 272.49
2017-09-30 1,484.36 1,388.79 269.59
2017-06-30 1,033.21 1,831.34 159.61
2017-03-31 1,151.52 1,829.86 242.11
2016-12-31 1,136.29 1,828.33 214.18
2016-09-30 1,046.22 1,835.06 160.46
2016-06-30 1,020.31 1,833.71 192.64
2016-03-31 1,150.48 1,832.43 214.81
2015-12-31 1,168.54 1,831.13 244.39
2015-09-30 1,150.79 1,829.84 201.09
2015-06-30 1,141.99 1,828.45 146.06
2015-03-31 1,119.79 1,827.31 161.32
2014-12-31 -21.40 2,956.53 120.19
2014-09-30 675.61 2,337.88 125.20
2014-06-30 673.61 2,318.57 52.66
2014-03-31 658.63 2,321.26 64.75
2013-12-31 697.86 2,355.78 149.20
2013-09-30 693.77 2,355.26 125.78
2013-06-30 721.78 2,430.61 298.76
2013-03-31 750.40 2,434.49 224.37
2012-12-31 793.16 2,440.12 170.60
2012-09-30 891.12 2,442.88 159.30
2012-06-30 856.48 2,617.79 543.03
  • Sunrise Communications Group's level of debt (103.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (357.5% vs 103.7% today).
  • Debt is well covered by operating cash flow (33.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess Sunrise Communications Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sunrise Communications Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SRCG Dividends

 What is Sunrise Communications Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.78%
Current annual income from Sunrise Communications Group dividends. Estimated to be 6.27% next year.
If you bought CHF2,000 of Sunrise Communications Group shares you are expected to receive CHF116 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sunrise Communications Group's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.97%).
  • Sunrise Communications Group's dividend is above the markets top 25% of dividend payers in Switzerland (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:SRCG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Europe Telecom Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 4.9%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 166 Stocks 3%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2%
Switzerland Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:SRCG Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 4.60 1.00
2022-12-31 4.60 1.00
2021-12-31 4.73 9.00
2020-12-31 4.58 11.00
2019-12-31 4.38 11.00
SWX:SRCG Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-02-27 4.200 5.873
2018-03-01 4.000 4.712
2017-04-11 3.330 4.076
2016-03-10 3.000 4.586

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Sunrise Communications Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Sunrise Communications Group only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Sunrise Communications Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess Sunrise Communications Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sunrise Communications Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sunrise Communications Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SRCG Management

 What is the CEO of Sunrise Communications Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Olaf Swantee
COMPENSATION CHF2,191,000
AGE 52
TENURE AS CEO 3.1 years
CEO Bio

Mr. Olaf Swantee servedas Director of T-Mobile US, Inc. since June 13, 2018 until June 2019. He has been Chief Executive Officer and Member of Management Board at Sunrise Communications Group AG since May 9, 2016. He serves as Chief Executive Officer and Director of Sunrise Communications AG. Mr. Swantee served as the Chief Executive Officer of EE Limited (formerly Everything Everywhere Limited) from September 1, 2011 to January 29, 2016. Mr. Swantee was responsible for running the UK’s leading communications company, which operates two of the most famous brands in the UK, T-Mobile and Orange. He served as Head of Mobile Operations of Europe & Middle East of France Telecom at Orange Home UK Limited since August 2007 and served as its Executive Vice President of Europe of France Telecom. He served as Senior Executive Vice President of Personal Communication Services and Senior Executive Vice President of UK/EME Operations at The Egyptian Company for Mobile Services SAE. He served as the Chief Executive Officer at Orange S.A. (alternate name Orange Holding S.A.) since April 26, 2007. He served as Senior Executive Vice President of Operations in Europe and Egypt Personal Business Activity Line, Executive Vice-President of Sourcing Europe and Egypt and Senior Executive Vice-President of Group Purchasing Operations in Europe at France Télécom SA (alternate name Orange). He served as Senior Executive Vice President of Personal Communication Services - UK and Europe/Middle East at France Télécom SA since August 13, 2007 and served as its Executive Vice President of Personal Communication Services since April 2007. He served as Senior Executive Vice President of Personal Communication Services of UK & EME at Wanadoo SA. Prior to this, he was a member of Orange France-Telecom’s executive board. Before joining Orange-France Telecom, he had 17 years experience in the IT industry in Europe and the United States, latterly serving as Hewlett-Packard's EMEA Senior Vice President for enterprise sales and software. He also held senior leadership, sales and marketing positions with Compaq and Digital Equipment Corporation in Europe and the United States. Mr. Swantee worked at country, European and global levels. He serves as Chairman of the Supervisory Board at Freemove Limited. He has been a Director of Telia Company AB since April 12, 2016. He serves as a Director of Everything Everywhere Finance PLC and Orange Home UK Limited. He served as an Independent Non Executive Director of Legal & General Group Plc since August 1, 2014 until May 26, 2016. He served as Executive Director of EE Limited since September 1, 2011 to January 29, 2016. He served as a Director at Mobistar SA/NV from October 23, 2007 to October 18, 2011. He served as a Director of The Egyptian Company for Mobile Services SAE. He served as an Executive Director of EE Finance PLC. until January 29, 2016. He served as a Member of the Supervisory Board at Orange Polska Spolka Akcyjna from April 23, 2010 to October 12, 2011. He holds a BA in Economics and received his European MBA from European School of Management in Paris in 1989.

CEO Compensation
  • Olaf's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Olaf's remuneration is higher than average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Sunrise Communications Group management team in years:

2.5
Average Tenure
51
Average Age
  • The tenure for the Sunrise Communications Group management team is about average.
Management Team

Olaf Swantee

TITLE
CEO & Member of Management Board
COMPENSATION
CHF2M
AGE
52
TENURE
3.1 yrs

André Krause

TITLE
CFO & Member of Management Board
AGE
48
TENURE
8.4 yrs

Elmar Grasser

TITLE
CTO & Member of Management Board
AGE
53

Françoise Clemes

TITLE
Chief Services Officer & Member of Management Board
AGE
51
TENURE
3 yrs

Bruno Duarte

TITLE
Chief Consumer Officer & Member of Management Board
AGE
52
TENURE
2 yrs

Tobias Foster

TITLE
Chief HR Officer & Member of the Executive Leadership Team
AGE
43
TENURE
0.4 yrs

Marcel Huber

TITLE
Chief Administrative Officer
TENURE
0.3 yrs

Uwe Schiller

TITLE
Senior Vice President of Investor Relations

Patrick Meier

TITLE
Director of Legal
AGE
36
TENURE
0.8 yrs

Carl Wich

TITLE
Head of Business Customers Unit
TENURE
12.4 yrs
Board of Directors Tenure

Average tenure and age of the Sunrise Communications Group board of directors in years:

3.2
Average Tenure
58
Average Age
  • The tenure for the Sunrise Communications Group board of directors is about average.
Board of Directors

Peter Kurer

TITLE
Chairman of the Board of Directors
COMPENSATION
CHF381K
AGE
69
TENURE
3.2 yrs

Peter Schöpfer

TITLE
Vice Chairman
COMPENSATION
CHF161K
AGE
61
TENURE
3.9 yrs

Jens Ovesen

TITLE
Non-Executive Director
COMPENSATION
CHF163K
AGE
61
TENURE
4.4 yrs

Michael Krammer

TITLE
Non-Executive Director
COMPENSATION
CHF130K
AGE
58
TENURE
3.2 yrs

Robin Bienenstock

TITLE
Non-Executive Director
COMPENSATION
CHF139K
AGE
50
TENURE
3.2 yrs

Christoph Vilanek

TITLE
Non-Executive Director
COMPENSATION
CHF130K
AGE
50
TENURE
3.2 yrs

Ingrid Deltenre

TITLE
Non-Executive Director
COMPENSATION
CHF118K
AGE
58
TENURE
1.2 yrs

Ingo Arnold

TITLE
Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Sunrise Communications Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sunrise Communications Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SRCG News

Simply Wall St News

Our Take On Sunrise Communications Group AG's (VTX:SRCG) CEO Salary

See our latest analysis for Sunrise Communications Group How Does Olaf Swantee's Compensation Compare With Similar Sized Companies? … According to our data, Sunrise Communications Group AG has a market capitalization of CHF3.2b, and pays its CEO total annual compensation worth CHF2.2m. … We examined companies with market caps from CHF2.0b to CHF6.4b, and discovered that the median CEO total compensation of that group was CHF1.7m.

Simply Wall St -

How Good Is Sunrise Communications Group AG (VTX:SRCG), When It Comes To ROE?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Sunrise Communications Group: 8.3% = CHF125m ÷ CHF1.5b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Sunrise Communications Group's Debt And Its 8.3% Return On Equity Sunrise Communications Group clearly uses a significant amount of debt to boost returns, as it has a debt to equity ratio of 1.21. … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St -

Why We’re Not Keen On Sunrise Communications Group AG’s (VTX:SRCG) 5.1% Return On Capital

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Sunrise Communications Group: 0.051 = CHF171m ÷ (CHF3.9b - CHF568m) (Based on the trailing twelve months to December 2018.) So, Sunrise Communications Group has an ROCE of 5.1%. … Sunrise Communications Group's Current Liabilities And Their Impact On Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … Our Take On Sunrise Communications Group's ROCE While that is good to see, Sunrise Communications Group has a low ROCE and does not look attractive in this analysis.

Simply Wall St -

Are Dividend Investors Getting More Than They Bargained For With Sunrise Communications Group AG's (VTX:SRCG) Dividend?

Dividend paying stocks like Sunrise Communications Group AG (VTX:SRCG) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends.. … In this case, Sunrise Communications Group pays a decent-sized 6.2% dividend yield, and has been distributing cash to shareholders for the past three years.! … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

Calculating The Intrinsic Value Of Sunrise Communications Group AG (VTX:SRCG)

Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … View our latest analysis for Sunrise Communications Group … The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period.

Simply Wall St -

Is Sunrise Communications Group AG (VTX:SRCG) A Financially Sound Company?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Sunrise Communications Group AG (VTX:SRCG), with a market cap of CHF3.3b, are often out of the spotlight. … Don’t forget that this is a general and concentrated examination of Sunrise Communications Group’s financial health, so you should conduct further analysis. … See our latest analysis for Sunrise Communications Group

Simply Wall St -

Sunrise Communications Group AG (VTX:SRCG): Immense Growth Potential?

Sunrise Communications Group AG's (VTX:SRCG) latest earnings update in December 2018a

Simply Wall St -

Want To Invest In Sunrise Communications Group AG (VTX:SRCG) Today? Read This First

Looking at Sunrise Communications Group AG’s (VTX:SRCG) fundamentals some investors are wondering if its last closing price of CHF74.75 represents a good value for money for this high growth stock. … Check out our latest analysis for Sunrise Communications Group? … Analysts are predicting good growth prospects for Sunrise Communications Group over the next couple of years

Simply Wall St -

Update: Sunrise Communications Group Stock Gained 23% In The Last Three Years

While Sunrise Communications Group AG (VTX:SRCG) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 15% in the last quarter. … However, it's unlikely many shareholders are elated with the share price gain of 23% over that time, given the rising market. … During three years of share price growth, Sunrise Communications Group moved from a loss to profitability.

Simply Wall St -

Should You Worry About Sunrise Communications Group AG’s (VTX:SRCG) ROCE?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

SRCG Company Info

Description

Sunrise Communications Group AG, together with its subsidiaries, provides telecommunications services to residential and business customers, and other carriers in Switzerland. The company offers mobile voice and data on postpaid and prepaid basis, landline voice and Internet, and Internet protocol television services; system integration and managed services; and voice hubbing services based on the landline network. It also provides other value-added services, such as international calls, roaming, extra SIM, hardware insurance, and network browsing protection, as well as access to Sunrise TV products through mobile hardware; and mobile phones, tablets, and other hardware and accessories. In addition, the company provides infrastructure services, such as carrier and roaming services to telecom service providers and mobile virtual network operators. It markets its prepaid voice and data services under the Sunrise, ALDI SUISSE mobile, yallo, Ortel, and Lebara brand names. The company serves approximately 3.5 million customers. It operates approximately 92 retail locations in Switzerland. Sunrise Communications Group AG was founded in 2015 and is headquartered in Zürich, Switzerland.

Details
Name: Sunrise Communications Group AG
SRCG
Exchange: SWX
Founded: 2015
CHF3,274,264,884
45,069,028
Website: http://www.sunrise.ch
Address: Sunrise Communications Group AG
Binzmühlestrasse 130,
Zürich,
Zurich, 8050,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX SRCG Common Shares SIX Swiss Exchange CH CHF 05. Feb 2015
OTCPK SNMM.F Common Shares Pink Sheets LLC US USD 05. Feb 2015
DB SR2 Common Shares Deutsche Boerse AG DE EUR 05. Feb 2015
LSE 0R5G Common Shares London Stock Exchange GB CHF 05. Feb 2015
Number of employees
Current staff
Staff numbers
1,611
Sunrise Communications Group employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 22:15
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/05
Last earnings filing: 2019/05/16
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.