Swissquote
Note: This is a daily stock update and the information stands true as of 16/01/26, 09:00 CET.
Company Update:
Expert Opinion:
Valuation of Swissquote is expensive (PE26 of 24x and PE27x of 18x), especially compared to banks, hence our negative rating on the name. Yet our expert likes the stock which has quite a unique equity story among fintechs. Definitely one to keep on your radar in case of a pullback. It is an indirect play on Bitcoin and Crypto and a nice way to get exposed to that asset class.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
Company Update:
Swissquote announced its preliminary results for FY-25 which displayed comfortable growth and were better than projected by consensus and by AV, owing to strong client assets growth, resilient revenue base and a net positive one-off impact of about CHF50m linked to the revaluation of Swissquote’s original 50% stake in Yuh following the acquisition of the remaining 50% of the fintech.
Net revenues projected to be at least CHF720m (+9% yoy, 4% above consensus and 4% above AV estimates).
Pretax profit to be close to CHF420m (+22% yoy, 16% above consensus and 23% above AV estimates).
Client assets approached CHF89bn as of end-2025 (vs CHF83.2bn projected by AV).
FY-25 figures will be published on 19 March 2026.
Expert Opinion:
Valuation of Swissquote is expensive (PE26 of 24x and PE27x of 18x), especially compared to banks, hence our negative rating on the name. Yet our expert likes the stock which has quite a unique equity story among fintechs. Definitely one to keep on your radar in case of a pullback. It is an indirect play on Bitcoin and Crypto and a nice way to get exposed to that asset class.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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