Swissquote Group (SQN) Fair Value & Analysis
Financial Services · CH · Market cap CHF 6.2B
Fair value as of: Jul 14, 2026
From 2 valuation models · updated 26 days ago
Share price +4.4% over the past month.
A solid business, but screening 70% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (CHF 16.38). The favourable scenario is already priced in.
- Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range CHF 8.88 – CHF 55.80 · fair‑value band CHF 9.83 – CHF 16.38 · the CHF 42.98 price screens above the CHF 13.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Swissquote Group (SQN) currently trades at CHF 42.98, while our model-based Fair Value estimate is CHF 13.10, implying the stock looks roughly 69.5% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Swissquote Group generated revenue of CHF 761M at a net margin of 48.2%. Revenue grew 8.8% year over year. It earns a return on equity of 28.9%. The balance sheet holds a net cash position of CHF 4.5B. Fundamentals as of Jul 14, 2026
Our scenario range runs from CHF 9.83 (bear case) to CHF 16.38 (bull case); at CHF 42.98, the current price sits above 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 24% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at -70%, SQN screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 2 models by family
Widest divergence: Multiples (CHF 7.95) versus Asset-Based (CHF 6.27). Highest evidence: P/B Multiple (55).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 40
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.
About the company
Swissquote Group Holding SA provides online financial services to retail investors, affluent investors, and professional and institutional customers in Switzerland and internationally. It operates through Securities Trading and Leveraged Forex segments.
Full company description
Swissquote Group Holding SA provides online financial services to retail investors, affluent investors, and professional and institutional customers in Switzerland and internationally. It operates through Securities Trading and Leveraged Forex segments. The company operates an online bank that accepts multi-currency deposits/withdrawals, including crypto assets and precious metals. It also offers securities trading services, such as custody services by means of tools to trade in real time in a palette of asset classes and access a set of investment, decision making, risk monitoring, and margin lending services to retail, affluent, and high-net-worth individuals; corporate and family offices; fund managers; asset managers; and brokers and banks. In addition, the company provides access to over-the-counter trading of foreign exchange and contracts-for-differences. Further, it offers securities, forex, CFDs, cryptocurrencies, and thematic trading; portfolio solutions, sustainable investing, and savings plans; debit cards, online payments, eMortgages, and loans. The company was founded in 1996 and is headquartered in Gland, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Swissquote Group reported revenue of CHF 796M in FY2025 versus CHF 531M in FY2021, a compound +10.6%/yr. Reported net income was CHF 366M in FY2025, compounding +17.4%/yr from FY2021.
SQN screens 70% overvalued. Compare with Huatai Securities Co →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Goldman bullish on Swissquote as core businesses offset crypto weakness
- Swissquote Group Holding SA (SWQGF) Full Year 2025 Earnings Call Highlights: Record Revenues ...
- Swissquote Group Holding SA's (VTX:SQN) top owners are retail investors with 42% stake, while 35% is held by institutions
- Here's Why We Think Swissquote Group Holding (VTX:SQN) Might Deserve Your Attention Today
Peer Group
Capital Markets · 425 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 Capital Markets median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Huatai Securities Co HTSC | $0.2700 | $0.0400 | -85% |
| Mirae Asset Securities Co 006800 | 38,750 KRW | 31,645 KRW | -18% |
| Meritz Financial Group 138040 | 117,000 KRW | 87,706 KRW | -25% |
| Korea Investment Holdings 071050 | 239,000 KRW | 318,825 KRW | +33% |
| NH Investment & Securities Co 005940 | 31,000 KRW | 37,133 KRW | +20% |
| Samsung Securities Co 016360 | 107,700 KRW | 126,487 KRW | +17% |
| Motilal Oswal Financial Services Limited MOTILALOFS | ₹967.00 | ₹299.65 | -69% |
| Kiwoom Securities Co 039490 | 322,000 KRW | 358,091 KRW | +11% |
| SSI Securities Corporation SSI | 24,250 VND | 28,021 VND | +16% |
| Bolsas y Mercados Argentinos S.A BYMA | 313.75 ARS | 120.22 ARS | -62% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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