Loading...
SWCH logo

Switch, Inc.NYSE:SWCH Stock Report

Market Cap US$8.4b
Share Price
n/a
1Y30.4%
7D0.06%
1D0.06%
Portfolio Value
​
View

Switch, Inc.

NYSE:SWCH Stock Report

Market Cap: US$8.4b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Switch (SWCH) Stock Overview

Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services. More details

SWCH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health2/6
Dividends0/6

Rewards

Price-To-Earnings ratio (14.3x) is below the US market (14.7x)

Revenue is forecast to grow 10.2% per year

Earnings grew by 1616.8% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 43% per year for the next 3 years

Debt is not well covered by operating cash flow

Large one-off items impacting financial results


SWCH Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

NEW443,759 members

Join community and earn perks

Gain real feedbackFrom our editorial team, personally. Not silence.
Grow your followingReal investors. The kind who actually invest, not scroll past.
Unlock free accessFree premium subscription for consistent and quality authors.
Learn moreCreate Narrative
B
BlackGoat
R
RockeTeller
I
Investingwilly
D
davidlsander
443,759 investors already sharing narratives
View all narratives

Switch, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Switch
Historical stock prices
Current Share PriceUS$34.25
52 Week HighUS$34.26
52 Week LowUS$23.03
Beta0.59
1 Month Change0.73%
3 Month Change0.80%
1 Year Change30.43%
3 Year Change129.71%
5 Year Change100.64%
Change since IPO64.35%

Recent News & Updates

Seeking Alpha • Aug 18

Switch declares goes ex-dividend tomorrow

Switch (NYSE:SWCH) declares $0.0525/share quarterly dividend, in line with previous. Forward yield 0.62% Payable Sept. 1; for shareholders of record Aug. 22; ex-div Aug. 19. See SWCH Dividend Scorecard, Yield Chart, & Dividend Growth.

Recent updates

Seeking Alpha • Aug 18

Switch declares goes ex-dividend tomorrow

Switch (NYSE:SWCH) declares $0.0525/share quarterly dividend, in line with previous. Forward yield 0.62% Payable Sept. 1; for shareholders of record Aug. 22; ex-div Aug. 19. See SWCH Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Apr 16

Switch: Likely To Be Acquired But Not By Digital Realty Or Equinix

Switch is a Las Vegas-based data center play, smaller than the likes of Digital Realty and Equinix, but growing much more rapidly. Some news updates mention that it is open to a takeover bid. Consolidation trends in the data center industry and the change in its corporate status tend to confirm the takeover route. A look at recent deals helps in valuations and it is more likely to be acquired by an infrastructure management company rather than constitute a strategic buy-out by a data center play. Switch is a buy with a 15%-16% upside potential considering that it makes for an appropriate acquisition target.
Seeking Alpha • Jan 27

Switch: This Small Data Center Company Doesn't Look That Special

Switch says they have superior technology in their data centers, a claim that I investigate in this article. I partnered with another Seeking Alpha writer to consider Switch's valuation and the implications of their upcoming REIT conversion. We can't recommend Switch because we don't see any sustainable competitive advantage that it has over larger competitors.
Seeking Alpha • Dec 14

Switch Has Superior Data Center Growth

Switch has proprietary data center designs which make their developments more accretive than usual. This accretion is amplified by a large development pipeline relative to their existing footprint. Switch builds very high-end data centers capable of supplying more power than most current equipment uses.

Shareholder Returns

SWCHUS ITUS Market
7D0.06%2.0%-1.5%
1Y30.4%4.3%13.3%

Return vs Industry: SWCH exceeded the US IT industry which returned -25.1% over the past year.

Return vs Market: SWCH exceeded the US Market which returned -17.6% over the past year.

Price Volatility

Is SWCH's price volatile compared to industry and market?
SWCH volatility
SWCH Average Weekly Movement0.5%
IT Industry Average Movement10.7%
Market Average Movement6.9%
10% most volatile stocks in US Market15.3%
10% least volatile stocks in US Market2.9%

Stable Share Price: SWCH has not had significant price volatility in the past 3 months.

Volatility Over Time: SWCH's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000829Rob Roywww.switch.com

Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services. It develops and operates data centers in Nevada, Michigan, and Georgia. The company serves technology and digital media companies, financial institutions, government agencies, and network and telecommunications providers, as well as cloud, IT, and software providers.

Switch, Inc. Fundamentals Summary

How do Switch's earnings and revenue compare to its market cap?
SWCH fundamental statistics
Market capUS$8.42b
Earnings (TTM)US$379.15m
Revenue (TTM)US$668.65m
14.3x
P/E Ratio
8.1x
P/S Ratio

Is SWCH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SWCH income statement (TTM)
RevenueUS$668.65m
Cost of RevenueUS$417.16m
Gross ProfitUS$251.48m
Other Expenses-US$127.67m
EarningsUS$379.15m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.40
Gross Margin37.61%
Net Profit Margin56.70%
Debt/Equity Ratio183.5%

How did SWCH perform over the long term?

See historical performance and comparison

Dividends

0.6%
Current Dividend Yield
8%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/12/06 07:10
End of Day Share Price 2022/12/05 00:00
Earnings2022/09/30
Annual Earnings2021/12/31

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 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

Switch, Inc. is covered by 18 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brendan LynchBarclays
Timothy LongBarclays
Nathan CrossettBerenberg