Swissquote Group Holding SA

BATS-CHIXE:SQNZ Stock Report

Market Cap: CHF 7.3b

Swissquote Group Holding Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 SQNZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CHF 484.3
Fair Value
1.2% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: SQNZ (CHF490) is trading above our estimate of fair value (CHF484.3)

Significantly Below Fair Value: SQNZ is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SQNZ. This is calculated by dividing SQNZ's market cap by their current earnings.
What is SQNZ's PE Ratio?
PE Ratio23.8x
EarningsCHF 307.81m
Market CapCHF 7.33b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SQNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14x
IGG IG Group Holdings
10.3x-2.14%UK£3.9b
AJB AJ Bell
24.3x10.24%UK£2.2b
PLUS Plus500
10.6x-0.58%UK£2.2b
TCAP TP ICAP Group
10.7x9.37%UK£1.9b
SQNZ Swissquote Group Holding
23.8x9.72%CHF 7.3b

Price-To-Earnings vs Peers: SQNZ is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the peer average (14x).

Price to Earnings Ratio vs Industry

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

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CGEO Georgia Capital
1.8xn/aUS$1.12b
BPM B.P. Marsh & Partners
2.3xn/aUS$311.49m
SIHL Symphony International Holdings
2.8xn/aUS$200.73m
TAVI Tavistock Investments
2.8xn/aUS$25.01m
No. of Companies13PE01224364860+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SQNZ is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the UK Capital Markets industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is SQNZ'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.

SQNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.8x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: SQNZ is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the estimated Fair Price-To-Earnings Ratio (19.4x).

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 SQNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 490.00
CHF 482.10
-1.61%
25.28%CHF 620.00CHF 258.00n/a10
Nov ’26CHF 508.50
CHF 475.33
-6.52%
26.65%CHF 620.00CHF 258.00n/a9
Oct ’26CHF 535.75
CHF 475.33
-11.28%
26.65%CHF 620.00CHF 258.00n/a9
Sep ’26CHF 519.50
CHF 469.78
-9.57%
27.18%CHF 620.00CHF 258.00n/a9
Aug ’26CHF 545.00
CHF 396.86
-27.18%
22.71%CHF 560.00CHF 258.00n/a7
Jul ’26CHF 439.20
CHF 369.00
-15.98%
20.81%CHF 500.00CHF 258.00n/a7
Jun ’26CHF 492.60
CHF 369.00
-25.09%
20.81%CHF 500.00CHF 258.00n/a7
May ’26CHF 421.40
CHF 369.00
-12.43%
20.81%CHF 500.00CHF 258.00n/a7
Apr ’26CHF 381.00
CHF 369.00
-3.15%
20.81%CHF 500.00CHF 258.00n/a7
Mar ’26CHF 366.10
CHF 358.33
-2.12%
17.14%CHF 440.00CHF 258.00n/a6
Feb ’26CHF 398.60
CHF 345.71
-13.27%
15.00%CHF 440.00CHF 258.00n/a7
Jan ’26CHF 347.50
CHF 314.67
-9.45%
11.33%CHF 375.00CHF 258.00n/a6
Dec ’25CHF 345.00
CHF 310.50
-10.00%
9.41%CHF 350.00CHF 258.00n/a6
Nov ’25CHF 300.00
CHF 310.50
+3.50%
9.41%CHF 350.00CHF 258.00CHF 508.506
Oct ’25CHF 304.40
CHF 310.50
+2.00%
9.41%CHF 350.00CHF 258.00CHF 535.756
Sep ’25CHF 305.00
CHF 308.60
+1.18%
10.27%CHF 350.00CHF 258.00CHF 519.505
Aug ’25CHF 281.00
CHF 291.25
+3.65%
11.02%CHF 325.00CHF 250.00CHF 545.004
Jul ’25CHF 285.40
CHF 286.00
+0.21%
10.69%CHF 325.00CHF 250.00CHF 439.205
Jun ’25CHF 275.20
CHF 247.00
-10.25%
8.65%CHF 270.00CHF 210.00CHF 492.605
May ’25CHF 250.80
CHF 247.00
-1.52%
8.65%CHF 270.00CHF 210.00CHF 421.405
Apr ’25CHF 254.20
CHF 247.00
-2.83%
8.65%CHF 270.00CHF 210.00CHF 381.005
Mar ’25CHF 240.50
CHF 241.00
+0.21%
7.47%CHF 265.00CHF 210.00CHF 366.105
Feb ’25CHF 217.60
CHF 236.40
+8.64%
8.65%CHF 265.00CHF 210.00CHF 398.605
Jan ’25CHF 204.80
CHF 231.40
+12.99%
8.44%CHF 265.00CHF 210.00CHF 347.505
Dec ’24CHF 200.20
CHF 223.00
+11.39%
5.00%CHF 240.00CHF 210.00CHF 345.004
Nov ’24CHF 175.20
CHF 223.00
+27.28%
5.00%CHF 240.00CHF 210.00CHF 300.004
CHF 481.51
Fair Value
1.8% overvalued intrinsic discount
10
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/27 00:20
End of Day Share Price 2025/11/27 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Swissquote Group Holding SA is covered by 12 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Markus MayerBaader Helvea Equity Research
Christoph GreulichBerenberg
Grégoire HermannBerenberg