SWX/MER (SWX/MER)

SIX Swiss Exchange: SWX/MER · CHF

CHF 125

-2.24 (-1.8%)· Recorded snapshot

Market cap	59.8B
Revenue (ttm)	19.5B
Net income (ttm)	2.2B
EPS (ttm)	CHF 5.00
P/E (trailing)	25.1x
P/E (forward)	17.1x
Dividend	CHF 2.02 (1.62%)
Volume	3

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 19.5B
Net income (ttm): 2.2B
EPS (ttm): CHF 5.00
P/E (trailing): 25.1x
P/E (forward): 17.1x
Market cap: 59.8B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-11-03 14:30 UTC

Forward P/E17.1

P25 n/aP50 n/aP75 n/a

Trailing P/E25.1

P25 n/aP50 n/aP75 n/a

ROE8.1

P25 n/aP50 n/aP75 n/a

ROIC7.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SWX/MER indicators

Market & fundamental data

Available fields

213

Groups with data

Currency

EUR

Showing 213 of 213 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	CHF
Country	Germany
Country code	CH
Earnings date	2026-11-12
Employees	62,136
Employees change	57
Employees growth	0.1%
Enterprise value	CHF 68.4B
Exchange	SIX Swiss Exchange
Financial currency	EUR
Financial report date	2026-06-30
First seen	2026-07-12
Fiscal year end	December
Founded	1668
Industry	Drug Manufacturers - Specialty & Generic
Is primary listing	No
ISIN number	DE0006599905
Last earnings date	2026-08-06
Last refreshed	2026-11-03
Market cap	CHF 59.8B
Next earnings date	2026-11-12
Price	CHF 125.25
Price currency	CHF
Sector	Healthcare
SIC code	2834
Stock price date	2026-06-16
Symbol	swx/MER
Website	https://www.merckgroup.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	22.9x
Average P/E ratio (3Y)	21.94x
Average P/E ratio (5Y)	23.09x
Earnings yield	3.99%
EV/Earnings	31.25x
EV/EBIT	20.02x
EV/EBITDA	13.34x
EV/FCF	27.19x
EV/Sales	3.53x
FCF / EV yield	3.68%
FCF yield	4.2%
Forward P/E	17.11x
Graham number	77.64107
Graham upside	-38.01%
Industry P/E	60.68x
Lynch fair value	CHF 22.89
Lynch upside	-81.72%
P/B ratio	2.14x
P/E ratio	25.07x
P/FCF ratio	23.8x
P/OCF ratio	15.32x
P/S ratio	3.07x
Price / tangible book value	15.59x
Price/EBITDA ratio	11.6x
Sector forward P/E	19.76x
Sector P/E	34.12x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	17.61%
EBITDA margin	26.43%
Effective tax rate	21.35%
FCF margin	12.98%
Gross margin	59.09%
Operating margin	17.61%
Pretax margin	14.34%
Profit margin	11.21%
Profit per employee	CHF 35,209
Profitable quarters	47
Profitable years	22
Revenue per employee	CHF 313,988
ROA	4.65%
ROA (5Y)	5.55%
ROCE	8.35%
ROE	8.13%
ROE (5Y)	11.9%
ROIC	7.55%
ROIC (5Y)	10.07%
Tax / revenue	3.06%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-17.27%
EPS growth (Q)	-24.67%
EPS growth (QoQ)	-25.66%
EPS growth 10Y	5.48%
EPS growth 3Y	-8.35%
EPS growth 5Y	-2.79%
EPS growth years	0
FCF growth	25.94%
FCF growth (Q)	30.34%
FCF growth (QoQ)	-4.58%
FCF growth 3Y	5.5%
FCF growth 5Y	-2.68%
Gross profit growth	0.26%
Gross profit growth (Q)	4.59%
Gross profit growth 3Y	-2.67%
Gross profit growth 5Y	1.67%
Net income growth	-17.22%
Net income growth (Q)	-24.85%
Net income growth (QoQ)	-25.69%
Net income growth 3Y	-8.34%
Net income growth 5Y	-2.81%
Net income growth years	0
OCF growth	10.99%
OCF growth (Q)	6.7%
OCF growth (QoQ)	-26.04%
OCF growth 10Y	6.51%
OCF growth 3Y	1.54%
OCF growth 5Y	-1.49%
Operating income growth	-15.12%
Operating income growth (Q)	-15.49%
Operating income growth 3Y	-7.02%
Operating income growth 5Y	-1.75%
Revenue growth	-0.4%
Revenue growth (Q)	3.41%
Revenue growth (QoQ)	5.85%
Revenue growth 10Y	4.16%
Revenue growth 3Y	-1.42%
Revenue growth 5Y	2.65%
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	CHF -1.4B
Depreciation and amortization	CHF 1.7B
EBIT	CHF 3.4B
EBITDA	CHF 5.2B
EPS	CHF 5.00
Financing cash flow	CHF 1.5B
Free cash flow	CHF 2.5B
Gross profit	CHF 11.5B
Income taxes	CHF 597.3M
Investing cash flow	CHF -4.7B
Net borrowing	CHF 2.5B
Net cash flow	CHF 728.3M
Net income	CHF 2.2B
Operating income	CHF 3.4B
Revenue	CHF 19.5B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.79
Book value per share	CHF 64.23
Debt / EBITDA	2.2
Debt / equity	0.41
Debt / FCF	4.52
Goodwill	CHF 16.9B
Interest coverage	9.08
Long-term assets	CHF 36B
Long-term liabilities	CHF 13.2B
Net cash (debt)	CHF -8.5B
Net cash / market cap	-14.16%
Net debt / EBITDA	1.64
Net debt / equity	0.3
Net debt / FCF	3.37
Piotroski F-Score	6
Property, plant and equipment	CHF 9.2B
Shareholders' equity	CHF 28B
Tangible book value	CHF 3.8B
Tangible book value per share	CHF 8.85
Total assets	CHF 48.6B
Total cash	CHF 2.9B
Total debt	CHF 11.4B
Total liabilities	CHF 20.7B

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.42
Current assets	CHF 12.6B
Current liabilities	CHF 7.4B
Current ratio	1.69
Inventory turnover	1.85
Net working capital	CHF 3.3B
Quick ratio	0.99
Working capital	CHF 5.2B
Working capital turnover	4.89

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-0%
Dividend growth	-2.37%
Dividend growth (10Y)	5.79%
Dividend growth (3Y)	-2.19%
Dividend growth (5Y)	5.54%
Dividend growth years	0
Dividend payment date	2026-04-29
Dividend payment years	14
Dividend payout frequency	Annual
Dividend per share	CHF 2.02
Dividend yield	1.62%
Ex-dividend date	2026-04-27
Last dividend	CHF 2.02
Payout ratio	43.8%
Shareholder yield	1.62%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
1D price change	-1.76%
1Y price change	15.33%
1Y return CAGR	17.66%
1Y total return	17.65%
20-day SMA	CHF 112.64
52-week high	CHF 127.50
52-week high date	2026-06-05
52-week low	CHF 102.61
52-week low date	2025-06-19
All-time high	CHF 163.24
All-time high date	2024-05-16
All-time low	CHF 102.61
All-time low date	2025-06-19
Average true range (ATR)	CHF 4.02
Average volume	0.5
Change from 52-week high	-1.76%
Change from 52-week low	22.06%
Change from all-time high	-23.27%
Change from all-time low	22.06%
Change from open	0%
Day's gap	-1.76%
Dollar volume	CHF 376
High price	CHF 125.25
Low price	CHF 125.25
Monthly RSI	39.2
Open price	CHF 125.25
Previous close	CHF 127.50
Price vs 20-day SMA	11.19%
Relative volume	6.67
RSI	55.32
Sharpe ratio	-0.38
Sortino ratio	-0.54
Volume	3
Weekly RSI	36.89

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	129.2M
Shares change (QoQ)	-0.04%
Shares change (YoY)	0%
Shares held by institutions	14.12%

Deeper analysis on SWX/MER

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this SWX/MER report

Is a complete SWX/MER research report available?

No complete published report is available for swx/MER (SWX/MER) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SWX/MER (SWX/MER)

Price

Financial snapshot

Fair-value bridge

Latest news · SWX/MER

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SWX/MER indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on SWX/MER

Frequently asked questions