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Swisscom share

Swisscom’s market capitalisation as at 31 December 2015 amounted to CHF 26.1 bil­lion (previous year: CHF 27.1 bil­lion). The number of shares outstanding remained the same at 51.8 million. Par value per registered share is CHF 1. Each share entitles the holder to one vote. Voting rights can only be exercised if the shareholder is entered in the share register of Swisscom Ltd with voting rights. The Board of Directors may refuse to enter a shareholder with voting rights if such voting rights exceed 5% of the company’s share capital.

Ownership structure

  31.12.2015   31.12.2014
    Number of
Shareholders
  Number of
Shares
  Share
in %
  Number of
Shareholders
  Number of
Shares
  Share
in %
Confederation   1   26,394,000   51.0%   1   26,394,000   51.0%
Natural person   69,929   4,929,030   9.5%   62,359   4,260,624   8.2%
Institution   3,094   20,478,913   39.5%   2,699   21,147,319   40.8%
Total   73,024   51,801,943   100.0%   65,059   51,801,943   100.0%

The majority shareholder as at 31 December 2015 was the Swiss Confederation, with 51.0% of the voting rights and capital. The Confederation is obligated by current law to hold the majority of the capital and voting rights. As at 31 December 2015, 21% of the shares were held in unregistered shareholdings.

Stock exchanges

Swisscom shares are listed on the SIX Swiss Exchange under the symbol SCMN (Securities No. 874251). In the United States they are traded in the form of American Depositary Receipts (ADR) at a ratio of 1:10 (Over The Counter, Level 1) under the symbol SCMWY (Pink Sheet No. 69769).

Share performance

WSGE_DP_GR_Aktienkursentwicklung_ytd

The Swiss Market Index (SMI) declined by 1.8% compared with the previous year. The Swisscom share price fell by 3.7% to CHF 503, underperforming the Stoxx Europe 600 Telecommunications Index (–2.2% in CHF; 9.0% in EUR). Average daily trading volume increased by 40% to 137,589 shares. Total trading volume of Swisscom shares in 2015 amounted to CHF 18.2 bil­lion.

See www.swisscom.ch/​shareprice

Shareholder return

On 15 April 2015 Swisscom paid out an ordinary dividend of CHF 22 per share. Based on the closing price at the end of 2014, this equates to a return of 4.2%. Taking into account the fall in share price, the total shareholder return (TSR) of the Swisscom share was 0.12% in 2015. The TSR for the SMI was 1.1% and for the Stoxx Europe 600 Telecommunications Index 2.1% in CHF and 13.6% in EUR.

Swisscom share performance indicators

        2011   2012   2013   2014   2015
Par value per share at end of year   CHF   1.00   1.00   1.00   1.00   1.00
Number of issued shares at end of period   in thousand   51,802   51,802   51,802   51,802   51,802
Market capitalisation at end of year   in CHF million   18,436   20,400   24,394   27,067   26,056
Closing price at end of period   CHF   355.90   393.80   470.90   522.50   503.00
Closing price highest   CHF   433.50   400.00   474.00   587.50   580.50
Closing price lowest   CHF   323.10   334.40   390.20   467.50   471.10
Earnings per share   CHF   13.19   34.90   32.53   32.70   26.27
Ordinary dividend per share   CHF   22.00   22.00   22.00   22.00   22.00 1
Ratio payout/earnings per share   %   166.79   63.04   67.63   67.27   83.75
Equity per share at end of year   CHF   82.47   79.77   115.30   105.29   101.10
1 In accordance with the proposal of the Board of Directors to the Annual General Meeting.

Analysts’ recommendations

Investment specialists analyse Swisscom’s business performance, results and market situation on an ongoing basis. Their findings and recommendations offer valuable indicators for investors. 25 analysts regularly publish studies on Swisscom. At the end of 2015, 20% of the analysts recommended a buy rating for the Swisscom share, 56% a hold rating and 24% a sell rating. The average price target at 31 December 2015, according to the analysts’ estimates, was CHF 537 per share.