Swisscom AG (SCMN) Stock Price, Fundamentals & Analysis

Swisscom AG (SCMN) is Switzerland's major telecom operator, listed on the SIX Swiss Exchange and headquartered in Worblaufen, Switzerland. The company provides telecommunication services in Switzerland, Italy, and internationally, operating through Switzerland, Italy, and Other segments. Its offering spans mobile communications, fixed network telephony, broadband, and TV for residential customers, plus telecommunications and IT service solutions for corporate, public administration, and SME clients. Swisscom also builds and maintains network and IT infrastructure, provides broadcasting services, local search activities, and trust services such as electronic signatures and digital certificates. It employs around 22,761 people.

What SCMN does

Swisscom is a classic telecom utility: it runs the networks people use daily and sells connectivity and IT services to businesses. Residential customers get mobile, landline, broadband, and TV bundles, while corporate clients receive ICT infrastructure — from individual products to end-to-end solutions. Beyond its home market, the company is active in Italy and internationally, and it also supplies network infrastructure to other telecommunications operators. In this sense it sits in the same broad Communication Services sector as peers like Universal Music Group (UMG) or Telekom Malaysia Berhad (4863), though its core business is Telecom Services.

Key numbers explained

• Market cap of 34.03B CHF — the total market value of all shares; a figure of this size places Swisscom among the larger Swiss-listed companies.
• Trailing P/E ratio of 25.9 means the share price equals about 26 years of current earnings; the forward P/E of 21.2 is based on expected earnings instead.
• Dividend yield of 3.96% shows the annual dividend as a percentage of the price — with 102% of earnings paid out, dividends exceed current profits.
• Beta of 0.41 suggests the stock has historically moved much less than the overall market.
• The 52-week range of 545 – 727 CHF shows where the price has traded over the past year, versus 657 CHF today (+0.08%).
• Revenue of 14.82B CHF declined -2% year over year, with a 8.9% profit margin and 13.4% operating margin.
• Debt-to-equity of 143.3% indicates the company carries more debt than equity on its balance sheet.

What to watch

Telecom stocks like Swisscom are typically sensitive to competition and pricing pressure in their home markets, the cost of maintaining and upgrading network infrastructure, and regulatory decisions. Interest rates matter too, since income-focused investors compare the 3.96% dividend yield with bond returns. Watch how the company balances its high payout ratio (102% of earnings) with investment needs, and how the Italian operations develop relative to the Swiss core business. Upcoming results are due on Nov 5, 2026.