AlphaValue Corporate Services
Cette analyse a été commandée et financée par l’entreprise concernée et constitue donc un avantage non-monétaire mineur tel que défini par MIFID2

Swissquote Group Holding

CR
Bloomberg   SQN SW
Bques/Brok. en ligne  /  Suisse  Web Site   |   Investors Relation
Suited for all market seasons
Objectif
Potentiel 4,22 %
Cours (CHF) 282,2
Capi (MCHF) 4 326
Perf. 1S: -3,75 %
Perf. 1M: 1,29 %
Perf. 3M: -3,36 %
Perf Ytd: 40,2 %
Perf. relative/stoxx600 10j: -4,45 %
Perf. relative/stoxx600 20j: -4,08 %
Opinion change27/04/2020 15:55

More tailwinds

Changement d’OpinionAchat vs Accumuler

Changement d’EPS2020 : CHF 3,80 vs 3,72+2,28 %
2021 : CHF 4,51 vs 4,20+7,42 %

As we mentioned in our recent Latest, tailwinds are gathering today with higher volumes in H1 20 (at least) and a sharp increase in the number of accounts opening. Swissquote's recent acquisition, InternaXX, and the set up of the Singaporean operations will also add to the long-term momentum.



Changement de DCFCHF 95,2 vs 73,5+29,5 %

Our DCF is based on EBITDA expectations. Hence, as we have increased our expectations, our DCF mechanically rises too. Adding 2022 numbers with an 18% increase in EBITDA vs 2021 is obviously adding to the sharp increase in the DCF-based valuation.



Mises à Jour

27 avr. 20 Opinion change
More tailwinds

24 avr. 20 Dernière News
More tailwinds

17 mars 20 Publication Res./CA
A very reassuring guidance

17 janv. 20 Opinion change
An enabling environment

16 janv. 20 Publication Res./CA
Very promising numbers

09 oct. 19 Initiation cov.
Leveraging high quality financial services

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