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1. Company Snapshot

1.a. Company Description

Swissquote Group Holding Ltd, through its subsidiaries, provides a range of online financial services in Switzerland, rest of Europe, the Middle East, and the Asia Pacific.The company operates in two segments, Securities Trading and Leveraged Forex.It operates an online bank that accepts multi-currency deposits/withdrawals that include crypto assets.


The company provides securities trading services, including custody services by means of tools to trade in real time a large palette of asset classes and access a set of investment, decision making, risk monitoring, and margin lending services to private investors, independent asset managers and professional investors, investment funds and other institutional clients, and third-party financial institutions.It also offers access to over-the-counter trading of leveraged foreign exchange and contract-for-differences to private investors, money managers, third-party financial institutions, and investment funds and other institutional clients.In addition, the company provides Lombard and margin loans; and robo-advisory, multicurrency credit card, crypto, online leasing, e-mortgage services.


The company was incorporated in 1999 and is headquartered in Gland, Switzerland.

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1.b. Last Insights on SQN

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Swissquote Group Holding Ltd (VTX:SQN) surges 4.8%; retail investors who own 42% shares profited along with institutions

Jul -01

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Investing in VAT Group (VTX:VACN) five years ago would have delivered you a 462% gain

Dec -22

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Should You Be Adding Compagnie Financière Tradition (VTX:CFT) To Your Watchlist Today?

Dec -03

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.62%)

6. Segments

Securities Trading

Expected Growth: 12%

Swissquote Group Holding Ltd's 12% growth in Securities Trading is driven by increasing demand for online trading, expansion into new markets, and strategic partnerships. Additionally, the company's investment in digital platforms and mobile applications has improved customer experience, attracting new clients and increasing trading volumes. Furthermore, the company's diversified product offerings and competitive pricing have contributed to its growth.

Leveraged Forex

Expected Growth: 10%

Swissquote's Leveraged Forex growth is driven by increasing demand for online trading, expansion into new markets, and strategic partnerships. The company's strong brand reputation, advanced trading platforms, and competitive pricing also contribute to its growth. Additionally, the increasing popularity of cryptocurrencies and the growing need for diversification in investment portfolios further fuel the segment's growth.

7. Detailed Products

Forex Trading

Swissquote offers online Forex trading with competitive spreads, fast execution, and advanced trading tools.

Stock Trading

Swissquote provides online stock trading in global markets, including US, European, and Asian markets.

Cryptocurrency Trading

Swissquote offers cryptocurrency trading in major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

Robo-Advisory

Swissquote's robo-advisory service provides automated investment portfolios tailored to individual investor's risk profile and investment goals.

Wealth Management

Swissquote's wealth management services provide personalized investment advice, portfolio management, and wealth planning.

E-Forex

Swissquote's e-Forex platform provides institutional clients with a white-label solution for online Forex trading.

API Trading

Swissquote's API trading solution provides institutional clients with direct market access and automated trading capabilities.

8. Swissquote Group Holding Ltd's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Swissquote Group Holding Ltd is medium due to the presence of alternative investment platforms and online trading services.

Bargaining Power Of Customers

The bargaining power of customers for Swissquote Group Holding Ltd is low due to the company's strong brand reputation and diversified product offerings.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Swissquote Group Holding Ltd is low due to the company's ability to negotiate favorable terms with its suppliers.

Threat Of New Entrants

The threat of new entrants for Swissquote Group Holding Ltd is high due to the low barriers to entry in the online trading and investment industry.

Intensity Of Rivalry

The intensity of rivalry for Swissquote Group Holding Ltd is high due to the presence of established competitors in the online trading and investment industry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 26.29%
Debt Cost 9.55%
Equity Weight 73.71%
Equity Cost 9.55%
WACC 9.55%
Leverage 35.67%

11. Quality Control: Swissquote Group Holding Ltd passed 7 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
IG Group

A-Score: 7.6/10

Value: 6.0

Growth: 5.8

Quality: 9.1

Yield: 8.1

Momentum: 7.0

Volatility: 9.3

1-Year Total Return ->

Stock-Card
BAWAG

A-Score: 7.3/10

Value: 4.5

Growth: 7.2

Quality: 7.2

Yield: 8.8

Momentum: 9.5

Volatility: 6.3

1-Year Total Return ->

Stock-Card
Investec

A-Score: 6.5/10

Value: 8.0

Growth: 3.4

Quality: 8.0

Yield: 8.8

Momentum: 3.5

Volatility: 7.3

1-Year Total Return ->

Stock-Card
Swissquote

A-Score: 6.3/10

Value: 4.2

Growth: 8.7

Quality: 7.7

Yield: 2.5

Momentum: 9.5

Volatility: 5.3

1-Year Total Return ->

Stock-Card
Nordnet

A-Score: 6.2/10

Value: 2.5

Growth: 7.0

Quality: 8.8

Yield: 5.6

Momentum: 7.5

Volatility: 6.0

1-Year Total Return ->

Stock-Card
Freedom Holding

A-Score: 4.6/10

Value: 2.3

Growth: 9.0

Quality: 4.7

Yield: 0.0

Momentum: 9.5

Volatility: 2.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

463.8$

Current Price

463.8$

Potential

-0.00%

Expected Cash-Flows