Swissquote SQN.SW
SwitzerlandFinancial Services · Capital MarketsSIX Swiss Exchange · CHF
47.37 CHF (+39.2%)
11 analysts
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Swissquote is a Swiss online bank offering brokerage, trading, and digital banking services to retail and institutional clients, generating revenue primarily from commissions and trading activities.
Listed on SIX Swiss Exchange · Symbol SQN.SW · SWX: SQN · Currency CHF
Key points
from its scores- ✓High-quality business9.8
- ✓Very solid balance sheet7.4
- ✕Poor share-price trend1.4
- ✕Weak growth4.3
- ✕Demanding valuation4.9
AI analysis
bottom line, main risk, context and newsBusiness quality is high, but lack of growth and weak momentum limit short-term appeal.
Swissquote shows exceptional profitability (ROE 27.98%, net margin 47.02%) and a solid competitive moat, but growth is flat (revenues +2.30%, earnings -2.90%) and momentum is very negative (3rd percentile in 52 weeks), suggesting the market already discounts a less dynamic environment.
The main risk is the slowdown in revenue and earnings growth in a highly competitive capital markets sector, which could compress margins and valuation.
Context and risks
The company operates in Switzerland, a country with solid institutions and minority protection, but the assigned moderate governance/regulatory risk profile reflects active regulatory scrutiny over the financial services and capital markets sector. There are no recent news items that alter this risk.
Is Swissquote stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 52% above the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 14.7 | 13.7 | +7% |
| Price / book | 3.7 | 1.9 | +97% |
| Price / sales | 6.6 | 3.5 | +92% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.9 out of 10 (median for Financial Services: 5.2).
Average analyst target: 47.37 CHF, +39.2% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 9.8 (sector 8.8), Growth 4.3 (sector 6.9).
Classic formulas with standard assumptions (4.9% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 14.7
- Forward P/E
- 14.0
- Price / book
- 3.7
- Price / sales
- 6.6
- PEG
- 1.26
- Market cap
- 5.1B CHF
- Enterprise value
- −382.4M CHF
Profitability
- ROE
- 28.0%
- ROA
- 2.3%
- ROIC (approx.)
- 21.5%
- Gross margin
- 52.6%
- Operating margin
- 48.0%
- Net margin
- 47.0%
Solvency
- Total debt
- 322.6M CHF
- Net debt
- −5.5B CHF
- Cash
- 5.8B CHF
- Debt / equity
- 23.19
- Current ratio
- 0.69
- Quick ratio
- 0.69
Growth
- Revenue growth
- +2.3%
- Earnings growth
- −2.9%
- EPS (TTM)
- 2.31 CHF
- EPS (forward)
- 2.42 CHF
Dividend
- Dividend yield
- 2.2%
- Payout
- 30.9%
Risk and market
- Beta
- 1.11
- Analyst consensus
- Buy (11)
- Target price
- 47.37 CHF
- 52-week range
- 33.36 – 54.60
Recent news
All SQN.SW news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Swissquote
Is Swissquote stock cheap or expensive?
On P/E and Price / book, it trades 52% above the Financial Services median on average. Valuation score: 4.9 out of 10 (median for Financial Services: 5.2). Average analyst target: 47.37 CHF, +39.2% versus the price. This is not investment advice.
What score does Swissquote get on MeridIAn Screener?
It scores 6.1 out of 10, rank 934 of 2,130 (better than 55% of the companies analysed). Its strongest category is Quality / Moat (9.8) and its weakest, Momentum (1.4). Analysis of 08/10/2026.
What is Swissquote's P/E ratio?
Its P/E is 14.7: the share price equals 14.7 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 14.0.
How much is Swissquote worth on the stock market?
Its market capitalisation is 5.1B CHF.
Does Swissquote pay a dividend?
Yes: its dividend yield is 2.17% and it pays out 31% of its earnings.
How has Swissquote stock performed over the last year?
It has fallen 33.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 33.36 and 54.60 CHF. Past performance does not guarantee future results.
What do analysts think of Swissquote?
11 analysts cover it; their average recommendation is “Buy” and their average target is 47.37 CHF (+39.2% versus the price). It is an estimate, not market data.