Swiss stocks

#	Company	Market Cap	P/E	P/Ee	P/S	AAQS	Price
1	Novartis NOVN.SW CH0012005267 1 NOVN.SW	309.47 B USD	25.96	24.65	6.66	9	- USD
2	Roche Holding ROG.SW CH1499059983 2 ROG.SW	257.69 B CHF	20.01	16.78	4.19	5	- CHF
3	Nestle NESN.SW CH0038863350 3 NESN.SW	201.28 B CHF	22.28	15.19	2.25	5	- CHF
4	Abb ABBN.SW CH0012221716 4 ABBN.SW	165.59 B USD	42.98	62.30	6.12	8	- USD
5	UBS Group UBSG.SW CH0244767585 5 UBSG.SW	130.30 B USD	25.62	49.03	1.50	5	- USD
6	Chubb CB CH0044328745 6 CB	127.88 B USD	12.40	17.49	2.14	7	- USD
7	Zurich Insurance Group ZURN.SW CH0011075394 7 ZURN.SW	108.44 B USD	18.83	24.28	1.46	7	- USD
8	Compagnie Financiere Richemont CFR.SW CH0210483332 8 CFR.SW	100.83 B EUR	30.87	32.39	4.80	6	- EUR
9	Glencore GLEN.L JE00B4T3BW64 9 GLEN.L	82.51 B USD	227.30	15.39	0.33	3	- USD
10	TE Connectivity TEL IE000IVNQZ81 10 TEL	58.21 B USD	31.60	30.26	3.41	4	- USD
11	Galderma Group GALD.SW CH1335392721 11 GALD.SW	46.44 B USD	88.52	—	10.85	4	- USD
12	Swiss Re SREN.SW CH0126881561 12 SREN.SW	45.70 B USD	11.38	16.48	1.13	3	- USD
13	Garmin GRMN CH0114405324 13 GRMN	41.30 B USD	24.82	54.11	5.70	10	- USD
14	Alcon ALC.SW CH0432492467 14 ALC.SW	37.94 B USD	45.48	29.90	4.29	5	- USD
15	Holcim HOLN.SW CH0012214059 15 HOLN.SW	37.67 B CHF	97.34	13.83	2.40	2	- CHF
16	Swisscom SCMN.SW CH0008742519 16 SCMN.SW	36.39 B CHF	28.63	20.82	2.42	3	- CHF
17	Lonza Group LONN.SW CH0013841017 17 LONN.SW	35.51 B CHF	37.41	32.11	5.44	6	- CHF
18	Amrize AMRZ.SW CH1430134226 18 AMRZ.SW	30.34 B USD	31.70	—	3.18	2	- USD
19	STMicroelectronics STMPA.PA NL0000226223 19 STMPA.PA	30.07 B USD	208.41	12.69	2.93	5	- USD
20	Chocoladefabriken Lindt & Spruengli LISN.SW CH0010570759 20 LISN.SW	28.90 B CHF	39.74	32.10	4.89	6	- CHF
21	Schindler Holding SCHP.SW CH0024638196 21 SCHP.SW	28.38 B CHF	27.96	31.86	2.59	6	- CHF
22	Givaudan GIVN.SW CH0010645932 22 GIVN.SW	25.64 B CHF	23.94	27.64	3.43	7	- CHF
23	Partners Group Holding PGHN.SW CH0024608827 23 PGHN.SW	24.56 B CHF	19.48	15.38	8.76	9	- CHF
24	Swiss Life Holding SLHN.SW CH0014852781 24 SLHN.SW	24.25 B CHF	19.70	19.69	1.59	5	- CHF
25	Sika SIKA.SW CH0418792922 25 SIKA.SW	21.70 B CHF	20.76	28.00	1.94	6	- CHF
26	Kuehne und Nagel International KNIN.SW CH0025238863 26 KNIN.SW	20.39 B CHF	23.12	17.63	0.83	4	- CHF
27	Coca Cola HBC CCH.L CH0198251305 27 CCH.L	19.66 B EUR	23.96	27.02	1.83	10	- EUR
28	Helvetia Baloise Holding HBAN.SW CH0466642201 28 HBAN.SW	18.86 B CHF	32.82	34.72	1.84	6	- CHF
29	SGS SGSN.SW CH1256740924 29 SGSN.SW	18.31 B CHF	27.41	25.98	2.64	6	- CHF
30	Geberit GEBN.SW CH0030170408 30 GEBN.SW	16.79 B CHF	28.09	28.42	5.31	7	- CHF
31	VAT Group VACN.SW CH0311864901 31 VACN.SW	15.25 B CHF	71.15	—	14.20	8	- CHF
32	Ems Chemie Holding EMSN.SW CH0016440353 32 EMSN.SW	14.71 B CHF	31.50	43.45	7.54	5	- CHF
33	Straumann Holding STMN.SW CH1175448666 33 STMN.SW	13.31 B CHF	37.39	32.22	5.11	7	- CHF
34	Julius Baer Gruppe BAER.SW CH0102484968 34 BAER.SW	13.10 B CHF	17.15	18.63	2.21	4	- CHF
35	Logitech International LOGN.SW CH0025751329 35 LOGN.SW	12.55 B USD	21.72	32.23	3.19	8	- USD
36	On Holding ONON CH1134540470 36 ONON	11.51 B CHF	47.55	46.78	4.96	4	- CHF
37	Swiss Prime Site SPSN.SW CH0008038389 37 SPSN.SW	11.06 B CHF	28.91	26.30	19.98	3	- CHF
38	Belimo Holding BEAN.SW CH1101098163 38 BEAN.SW	10.82 B CHF	59.56	85.12	9.65	10	- CHF
39	Banque Cantonale Vaudoise BCVN.SW CH0531751755 39 BCVN.SW	10.63 B CHF	24.73	21.79	7.22	3	- CHF
40	Sonova Holding SOON.SW CH0012549785 40 SOON.SW	10.58 B CHF	24.57	19.81	2.93	8	- CHF
41	Accelleron Industries ACLN.SW CH1169360919 41 ACLN.SW	8.71 B USD	44.20	—	8.15	6	- USD
42	BKW BKW.SW CH0130293662 42 BKW.SW	8.02 B CHF	22.49	14.96	1.91	3	- CHF
43	Barry Callebaut BARN.SW CH0009002962 43 BARN.SW	7.65 B CHF	41.17	—	0.52	5	- CHF
44	Flughafen Zuerich FHZN.SW CH0319416936 44 FHZN.SW	7.61 B CHF	21.97	21.68	5.59	3	- CHF
45	PSP Swiss Property PSPN.SW CH0018294154 45 PSPN.SW	7.28 B CHF	19.41	27.01	13.50	3	- CHF
46	Avolta AVOL.SW CH0023405456 46 AVOL.SW	7.03 B CHF	35.33	21.99	0.50	5	- CHF
47	Swissquote Group Holding SQN.SW CH0010675863 47 SQN.SW	6.03 B CHF	16.46	2.87	7.58	8	- CHF
48	Sulzer SUN.SW CH0038388911 48 SUN.SW	5.91 B CHF	20.19	24.46	1.66	6	- CHF
49	VZ Holding VZN.SW CH0528751586 49 VZN.SW	5.88 B CHF	24.87	36.19	9.37	7	- CHF
50	EFG International EFGN.SW CH0022268228 50 EFGN.SW	5.69 B CHF	18.85	18.92	2.02	3	- CHF
51	Temenos TEMN.SW CH0012453913 51 TEMN.SW	5.49 B USD	23.05	33.34	5.93	10	- USD
52	Luzerner Kantonalbank LUKN.SW CH1252930610 52 LUKN.SW	5.25 B CHF	17.78	20.97	5.12	4	- CHF
53	SFS Group SFSN.SW CH0239229302 53 SFSN.SW	4.78 B CHF	21.82	19.51	1.56	6	- CHF
54	Dottikon ES Holding DESN.SW CH0582581713 54 DESN.SW	4.71 B CHF	45.49	46.04	11.00	8	- CHF
55	Galenica GALE.SW CH0360674466 55 GALE.SW	4.67 B CHF	25.78	26.46	1.13	6	- CHF
56	BACHEM HOLDING BANB.SW CH1176493729 56 BANB.SW	4.67 B CHF	31.38	53.72	6.72	8	- CHF
57	Georg Fischer GF.SW CH1169151003 57 GF.SW	4.56 B CHF	44.23	18.10	1.52	5	- CHF
58	Georg Fischer FI-N.SW CH0001752309 58 FI-N.SW	4.46 B CHF	43.28	14.08	1.49	5	- CHF
59	Sportradar Group SRAD CH1134239669 59 SRAD	4.32 B EUR	38.86	118.99	3.02	4	- EUR
60	Emmi EMMN.SW CH0012829898 60 EMMN.SW	4.31 B CHF	18.99	20.89	0.91	4	- CHF
61	Garrett Motion GTX US3665051054 61 GTX	4.13 B USD	13.33	28.67	1.15	4	- USD
62	Ypsomed Holding YPSN.SW CH0019396990 62 YPSN.SW	4.07 B CHF	18.33	140.14	5.56	8	- CHF
63	St Galler Kantonalbank SGKN.SW CH0011484067 63 SGKN.SW	4.02 B CHF	17.72	17.62	4.62	4	- CHF
64	Bucher Industries BUCN.SW CH0002432174 64 BUCN.SW	3.97 B CHF	16.90	—	1.36	2	- CHF
65	Vontobel Holding VONN.SW CH0012335540 65 VONN.SW	3.93 B CHF	14.01	24.31	2.56	4	- CHF
66	DKSH Holding DKSH.SW CH0126673539 66 DKSH.SW	3.81 B CHF	18.79	21.33	0.34	3	- CHF
67	Inficon Holding IFCN.SW CH1431598916 67 IFCN.SW	3.77 B USD	51.91	5.73	6.61	9	- USD
68	Allreal Holding ALLN.SW CH0008837566 68 ALLN.SW	3.76 B CHF	17.14	26.61	8.61	3	- CHF
69	Medacta Group MOVE.SW CH0468525222 69 MOVE.SW	3.56 B EUR	39.55	46.19	5.52	6	- EUR
70	Adecco Group ADEN.SW CH0012138605 70 ADEN.SW	3.56 B EUR	12.89	7.67	0.16	3	- EUR
71	Siegfried Holding SFZN.SW CH1429326825 71 SFZN.SW	3.40 B CHF	20.18	2.31	2.56	6	- CHF
72	Huber+Suhner HUBN.SW CH0030380734 72 HUBN.SW	3.33 B CHF	44.80	53.61	3.85	4	- CHF
73	Berner Kantonalbank BEKN.SW CH0009691608 73 BEKN.SW	3.08 B CHF	17.03	23.01	3.96	4	- CHF
74	Zuger Kantonalbank ZUGER.SW CH0493891243 74 ZUGER.SW	2.97 B CHF	24.28	—	6.33	4	- CHF
75	International Workplace Group IWG.L JE00BYVQYS01 75 IWG.L	2.90 B USD	160.85	-101.70	0.77	4	- USD
76	Daetwyler Holding DAE.SW CH0030486770 76 DAE.SW	2.88 B CHF	35.68	28.69	2.62	2	- CHF
77	Cembra Money Bank CMBN.SW CH0225173167 77 CMBN.SW	2.87 B CHF	15.92	17.41	4.51	5	- CHF
78	Mobimo Holding MOBN.SW CH0011108872 78 MOBN.SW	2.84 B CHF	14.72	39.60	8.03	7	- CHF
79	Also Holding ALSN.SW CH0024590272 79 ALSN.SW	2.72 B EUR	26.66	18.53	0.22	5	- EUR
80	SMG Swiss Marketplace Group Holding SMG.SW CH1484953687 80 SMG.SW	2.65 B CHF	39.07	—	7.97	3	- CHF
81	Dormakaba Holding DOKA.SW CH1486524122 81 DOKA.SW	2.58 B CHF	26.34	2.56	0.90	7	- CHF
82	Valiant Holding VATN.SW CH0014786500 82 VATN.SW	2.54 B CHF	16.43	15.62	3.45	3	- CHF
83	BB Biotech BION.SW CH0038389992 83 BION.SW	2.53 B CHF	4.38	-57.24	32.94	4	- CHF
84	Montana Aerospace AERO.SW CH1110425654 84 AERO.SW	2.37 B EUR	123.10	2,538.69	2.56	3	- EUR
85	Banque Cantonale du Valais WKBN.SW CH0305951201 85 WKBN.SW	2.33 B CHF	25.76	—	5.32	4	- CHF
86	Banque Cantonale de Geneve BCGE.SW CH1485899350 86 BCGE.SW	2.23 B CHF	10.17	10.55	2.60	5	- CHF
87	Kardex Holding KARN.SW CH0100837282 87 KARN.SW	2.19 B EUR	56.07	35.90	2.75	10	- EUR
88	Vaudoise Assurances Holding VAHN.SW CH0021545667 88 VAHN.SW	2.13 B CHF	13.64	15.02	1.29	6	- CHF
89	Compagnie Financiere Tradition CFT.SW CH0014345117 89 CFT.SW	2.09 B CHF	15.58	—	1.87	9	- CHF
90	Stadler Rail SRAIL.SW CH0002178181 90 SRAIL.SW	2.05 B CHF	23.27	21.61	0.56	2	- CHF
91	Comet Holding COTN.SW CH0360826991 91 COTN.SW	2.04 B CHF	166.71	359.14	4.45	3	- CHF

Business and Politics

Prosperity in the midst of the Alps. The Gross Domestic Product amounted to approximately 762 billion USD in the year 2020. However, Switzerland has only 8.5 million inhabitants from 26 different cantons.

Switzerland has a considerable economic power. The economy in Switzerland is heavily focused on health and finance. In these sectors, the largest and most well-known companies from Switzerland are predominantly operating, such as for example, Roche or the UBS.

In many parts of the world, Switzerland is known for its low taxes, which is why some wealthy public figures have relocated their residences to Switzerland.

The special tax issue for German shareholders

Double taxation. Switzerland is a country known for its very free market and low taxes. In Switzerland, the average tax rate for corporations is only 14% (Germany: 30%). This is because capital gains are tax-free in Switzerland. However, dividends must be taxed.

For German investors, there is a 35% tax, of which 15% can be credited towards German capital gains tax. This results in a high and unpleasant double taxation. However, through a Tax Voucher obtained from one's broker (partially at a cost), the tax can be easily reclaimed.

Nestlé Bhaltis, where shareholders receive a certain number of Nestlé shares in addition to the cash dividend. These Bhaltis must be treated as taxable income. When calculating the Fair Value, we also include stock dividends. Lindt Chocolate suitcase worth 200 CHF, which shareholders receive once a year.

The largest companies

Here, the value stocks dominate. The world's largest food manufacturer Nestlé , the pharmaceutical and diagnostics company Roche and the pharmaceutical company Novartis are known among shareholders. The three companies are among the top 10 largest companies in Europe and are all based in Switzerland. They are global leaders and produce sought-after products in the consumer and health sectors.

But the financial industry also has a significant impact on the Swiss economy. Zurich is a financial center in Europe and a popular location for banks. Well-known financial companies from Switzerland are UBS (bank & asset manager), Julius Bär (bank) and Partners Group (private equity).

Headquarters of the largest companies

The well-known companies Novartis and Roche have their headquarters in Basel. Nestlé Rue de l'Industrie Lindt & Sprüngli in Kilchberg.

The largest and most important trading venues

Access is not easy for foreign investors. Swiss stocks can no longer be traded on European stock exchanges. Therefore, one must take the detour via a foreign order to add Swiss company stocks to their portfolio.

The main trading venues in Switzerland are SIX Swiss Exchange, which was created in 1995 through the merger of the three stock exchanges in Geneva, Basel, and Zurich, as well as BX Swiss in Bern. The first stock exchange in Switzerland was the one founded in Geneva in 1850.

The Swiss Market Index (SMI) had a trading volume of 1.2 trillion CHF. Five companies completed a successful IPO in 2021.

Performance of the indices

The leading index of Switzerland is the Swiss Market Index 20 (SMI 20), which summarizes the performance of the 20 largest Swiss companies. The maximum weighting of individual companies in the index is limited to 18% due to significant differences in market capitalization among the SMI companies.

The SMI was introduced on June 30, 1988. Its base value was set at 1,500 points at that time. Currently, the index is above 10,800 points. (As of September 11, 2022)

Opening hours in Switzerland

A trading day on the Swiss Exchange lasts from 06:00 AM to 10:00 PM (CET).

However, it is currently quite complicated for EU citizens, as stated above, to buy Swiss stocks.