Swisscom AG (SCMN) Fair Value & Analysis
Communication Services · CH · Market cap CHF 32.7B · ISIN CH0008742519
What is Swisscom AG really worth?
A solid business, but trading 37% above our fair value of CHF 463.92.
Strengths
Risks
For context
Fair value as of: Sep 2, 2026
From 24 valuation models · updated 2 days ago
Share price +2.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (CHF 310.45 to CHF 633.97) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.
How to read this chart
60‑month range CHF 380.80 – CHF 699.32 · fair‑value band CHF 310.45 – CHF 633.97 · the CHF 633.50 price screens above the CHF 463.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 2, 2026.
Analysis
Swisscom AG (SCMN) currently trades at CHF 633.50, while our model-based Fair Value estimate is CHF 463.92, implying the stock looks roughly 36.6% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Communication Services sector. Bull case: the DCF Models group reads highest at a median of CHF 417.46 per share, and 3 of the 24 models we run sit above the CHF 633.50 price. Bear case: the Earnings-Based group reads lowest at CHF 139.86, and 21 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Swisscom AG generated revenue of CHF 14.9B at a net margin of 8.3%. Revenue declined 4.1% year over year. It earns a return on equity of 10.4%. Net debt stands at CHF 3.5B. Fundamentals as of Sep 2, 2026
Our scenario range runs from CHF 310.45 (bear case) to CHF 633.97 (bull case); at CHF 633.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 21% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 30% fair-value upside, at −27%, SCMN screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: DCF Models (CHF 417.46) versus Earnings-Based (CHF 139.86). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 62
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Swisscom AG provides telecommunication services in Switzerland, Italy, and internationally. It operates through Switzerland, Italy, and Other segments.
Full company description
Swisscom AG provides telecommunication services in Switzerland, Italy, and internationally. It operates through Switzerland, Italy, and Other segments. The company offers mobile communications, fixed network telephony, broadband, and TV to residential customers; telecommunications services and IT service solutions for corporate, public administration, and SME customers; business ICT infrastructure; range from individual products to end-to-end solutions to ICT infrastructure business; and makes network infrastructure to other telecommunications; and plans, operates, and maintains the network and IT infrastructure. It also provides network construction and maintenance, broadcasting services, and local search activities, as well as electronic signatures, digital certificates, and other trust services. In addition, the company offers integrated communication solutions, IT infrastructure, security, and cloud services to various workplace and other software solutions, IoT, and artificial intelligence; outsourcing services for financial and healthcare and public sectors; AI-supported services; and telecommunications provide a range of wholesale services for own use, refinement or resale based on copper, fibre-optic or mobile networks. Further, it provides broadband connections, leased lines, network connections, mobile virtual network operators, IP peering, co-location, and cable ducts; wholesale voice connections and roaming contracts; manages and markets digital booking platform; builds radio networks for broadcasting, security, and professional mobile radio networks; safety and security solutions; and ICT and network infrastructures for bandwidth, as well as road and tunnel construction. Additionally, the company provides FastwebAI Suite, a platform of generative artificial intelligence (AI) solutions designed for businesses and public authorities. Swisscom AG was incorporated in 1998 and is headquartered in Worblaufen, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Swisscom AG reported revenue of CHF 15.0B in FY2025 versus CHF 11.2B in FY2021, a compound +7.7%/yr. Reported net income was CHF 1.3B in FY2025, compounding −8.7%/yr from FY2021.
of which total revenue +0.7 % · buybacks/dilution +0.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
SCMN screens 37% overvalued. Compare with China Mobile Limited →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Swisscom AG (SCMWY) (Q2 2026) Earnings Call Highlights: EBITDAaL Surges 6. ...
- A Look At Swisscom (SWX:SCMN) Valuation As Recent Returns Highlight Mixed Share Price Momentum
- Netcracker and Swisscom Receive 2026 FutureNet Award for Scaling Autonomous Network Operations
Peer Group
Telecom Services · 248 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Telecom Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 600941 | ¥96.11 | ¥109.88 | +14% |
| T-Mobile US, Inc TMUS | $177.75 | $172.67 | −3% |
| Verizon Communications Inc VZ | $49.43 | $64.43 | +30% |
| AT&T Inc T | $26.01 | $43.97 | +69% |
| Bharti Airtel Limited BHARTIARTL | ₹1,935 | ₹941.48 | −51% |
| Comcast Corporation CMCSA | $26.41 | $95.42 | +261% |
| China Telecom Corporation 601728 | ¥6.43 | ¥8.36 | +30% |
| América Móvil, S.A. AMX | $23.50 | $39.45 | +68% |
| Singapore Telecommunications Limited Z77 | 4.29 SGD | 3.03 SGD | −29% |
| Telstra Group TLS | A$4.80 | A$3.31 | −31% |
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