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	22.13	22.69	5.49	8	- USD
2	Nestle NESN.SW CH0038863350 2 NESN.SW	201.28 B CHF	18.49	15.97	2.2	5	- CHF
3	Abb ABBN.SW CH0012221716 3 ABBN.SW	165.59 B USD	34.98	53.84	4.98	6	- USD
4	UBS Group UBSG.SW CH0244767585 4 UBSG.SW	130.3 B USD	25.62	45.46	1.5	5	- USD
5	Chubb CB CH0044328745 5 CB	127.88 B USD	12.4	16.38	2.15	7	- USD
6	Zurich Insurance Group ZURN.SW CH0011075394 6 ZURN.SW	108.44 B USD	18.65	20.6	1.47	4	- USD
7	Compagnie Financiere Richemont CFR.SW CH0210483332 7 CFR.SW	100.83 B EUR	36.65	30.26	4.71	6	- EUR
8	Glencore GLEN.L JE00B4T3BW64 8 GLEN.L	82.51 B USD	227.3	14.1	0.33	2	- USD
9	TE Connectivity TEL IE000IVNQZ81 9 TEL	58.21 B USD	31.6	31.34	3.37	5	- USD
10	Galderma Group GALD.SW CH1335392721 10 GALD.SW	46.44 B USD	201.04	—	10.46	4	- USD
11	Swiss Re SREN.SW CH0126881561 11 SREN.SW	45.7 B USD	14.37	13.25	1.01	3	- USD
12	Garmin GRMN CH0114405324 12 GRMN	41.3 B USD	29.26	43.5	6.56	10	- USD
13	Alcon ALC.SW CH0432492467 13 ALC.SW	37.94 B USD	38.72	24.02	3.65	4	- USD
14	Holcim HOLN.SW CH0012214059 14 HOLN.SW	37.67 B CHF	12.89	14.53	1.43	2	- CHF
15	Swisscom SCMN.SW CH0008742519 15 SCMN.SW	36.39 B CHF	28.63	18.67	2.42	3	- CHF
16	Lonza Group LONN.SW CH0013841017 16 LONN.SW	35.51 B CHF	37.41	36.29	5.44	6	- CHF
17	Amrize AMRZ.SW CH1430134226 17 AMRZ.SW	30.34 B USD	23.82	—	2.59	0	- USD
18	STMicroelectronics STMPA.PA NL0000226223 18 STMPA.PA	30.07 B USD	15.13	17.72	2.27	4	- USD
19	Chocoladefabriken Lindt & Spruengli LISN.SW CH0010570759 19 LISN.SW	28.9 B CHF	42.99	32.38	5.28	7	- CHF
20	Schindler Holding SCHP.SW CH0024638196 20 SCHP.SW	28.38 B CHF	27.96	31.92	2.59	6	- CHF
21	Givaudan GIVN.SW CH0010645932 21 GIVN.SW	25.64 B CHF	23.94	31.8	3.43	7	- CHF
22	Partners Group Holding PGHN.SW CH0024608827 22 PGHN.SW	24.56 B CHF	21.78	15.84	12.17	8	- CHF
23	Swiss Life Holding SLHN.SW CH0014852781 23 SLHN.SW	24.25 B CHF	19.98	22.23	2.22	3	- CHF
24	Sika SIKA.SW CH0418792922 24 SIKA.SW	21.7 B CHF	20.79	23.33	1.94	6	- CHF
25	Kuehne und Nagel International KNIN.SW CH0025238863 25 KNIN.SW	20.39 B CHF	23.12	14.63	0.83	5	- CHF
26	Coca Cola HBC CCH.L CH0198251305 26 CCH.L	19.66 B EUR	23.96	26.66	1.83	10	- EUR
27	Helvetia Baloise Holding HBAN.SW CH0466642201 27 HBAN.SW	18.86 B CHF	39.68	33.98	1.95	3	- CHF
28	SGS SGSN.SW CH1256740924 28 SGSN.SW	18.31 B CHF	27.41	24.54	2.64	6	- CHF
29	Geberit GEBN.SW CH0030170408 29 GEBN.SW	16.79 B CHF	28.09	27.66	5.31	5	- CHF
30	DSM-Firmenich DSFIR.AS CH1216478797 30 DSFIR.AS	16.58 B EUR	66.33	39.11	1.3	0	- EUR
31	VAT Group VACN.SW CH0311864901 31 VACN.SW	15.25 B CHF	71.99	114.81	16.18	4	- CHF
32	Ems Chemie Holding EMSN.SW CH0016440353 32 EMSN.SW	14.71 B CHF	31.93	38.06	7.1	5	- CHF
33	Straumann Holding STMN.SW CH1175448666 33 STMN.SW	13.31 B CHF	37.39	35.22	5.11	8	- CHF
34	Julius Baer Gruppe BAER.SW CH0102484968 34 BAER.SW	13.1 B CHF	17.15	15.91	2.15	5	- CHF
35	Logitech International LOGN.SW CH0025751329 35 LOGN.SW	12.55 B USD	19.88	34.78	2.76	7	- USD
36	On Holding ONON CH1134540470 36 ONON	11.51 B CHF	47.55	78.08	4.96	4	- CHF
37	Swiss Prime Site SPSN.SW CH0008038389 37 SPSN.SW	11.06 B CHF	28.91	27.12	20.01	4	- CHF
38	Belimo Holding BEAN.SW CH1101098163 38 BEAN.SW	10.82 B CHF	73.7	90.46	11.46	10	- CHF
39	Banque Cantonale Vaudoise BCVN.SW CH0531751755 39 BCVN.SW	10.63 B CHF	24.73	20.09	7.22	4	- CHF
40	Sonova Holding SOON.SW CH0012549785 40 SOON.SW	10.58 B CHF	19.57	17.61	2.74	7	- CHF
41	Accelleron Industries ACLN.SW CH1169360919 41 ACLN.SW	8.71 B USD	37.4	89.61	6.9	6	- USD
42	BKW BKW.SW CH0130293662 42 BKW.SW	8.02 B CHF	22.49	16.16	1.91	5	- CHF
43	Barry Callebaut BARN.SW CH0009002962 43 BARN.SW	7.65 B CHF	41.17	13.97	0.52	5	- CHF
44	Flughafen Zuerich FHZN.SW CH0319416936 44 FHZN.SW	7.61 B CHF	21.97	25.8	5.59	5	- CHF
45	PSP Swiss Property PSPN.SW CH0018294154 45 PSPN.SW	7.28 B CHF	19.41	27.16	13.5	3	- CHF
46	Avolta AVOL.SW CH0023405456 46 AVOL.SW	7.03 B CHF	68.26	24.93	0.51	4	- CHF
47	Swissquote Group Holding SQN.SW CH0010675863 47 SQN.SW	6.03 B CHF	20.5	2.64	8.2	8	- CHF
48	Sulzer SUN.SW CH0038388911 48 SUN.SW	5.91 B CHF	22.58	21.35	1.67	5	- CHF
49	VZ Holding VZN.SW CH0528751586 49 VZN.SW	5.88 B CHF	24.96	29.97	9.54	8	- CHF
50	EFG International EFGN.SW CH0022268228 50 EFGN.SW	5.69 B CHF	18.85	19.68	2.02	4	- CHF
51	Temenos TEMN.SW CH0012453913 51 TEMN.SW	5.49 B USD	31.01	25.17	5.26	8	- USD
52	Luzerner Kantonalbank LUKN.SW CH1252930610 52 LUKN.SW	5.25 B CHF	17.78	18.41	5.12	4	- CHF
53	SFS Group SFSN.SW CH0239229302 53 SFSN.SW	4.78 B CHF	19.81	18.9	1.58	9	- CHF
54	Dottikon ES Holding DESN.SW CH0582581713 54 DESN.SW	4.71 B CHF	44.64	42.53	12.23	8	- CHF
55	Galenica GALE.SW CH0360674466 55 GALE.SW	4.67 B CHF	25.78	26.23	1.13	5	- CHF
56	BACHEM HOLDING BANB.SW CH1176493729 56 BANB.SW	4.67 B CHF	31.38	46.53	6.72	8	- CHF
57	Georg Fischer GF.SW CH1169151003 57 GF.SW	4.56 B CHF	21.29	13.54	1.17	2	- CHF
58	Sportradar Group SRAD CH1134239669 58 SRAD	4.32 B EUR	126.57	162.23	3.91	4	- EUR
59	Emmi EMMN.SW CH0012829898 59 EMMN.SW	4.31 B CHF	18.99	22.58	0.91	6	- CHF
60	Garrett Motion GTX US3665051054 60 GTX	4.13 B USD	14.66	33.52	1.19	2	- USD
61	Ypsomed Holding YPSN.SW CH0019396990 61 YPSN.SW	4.07 B CHF	46.48	104.39	5.43	6	- CHF
62	St Galler Kantonalbank SGKN.SW CH0011484067 62 SGKN.SW	4.02 B CHF	17.72	16.79	4.62	4	- CHF
63	Bucher Industries BUCN.SW CH0002432174 63 BUCN.SW	3.97 B CHF	17.51	9.62	1.26	3	- CHF
64	Vontobel Holding VONN.SW CH0012335540 64 VONN.SW	3.93 B CHF	14.01	18.49	2.1	3	- CHF
65	DKSH Holding DKSH.SW CH0126673539 65 DKSH.SW	3.81 B CHF	18.79	19.62	0.34	4	- CHF
66	Inficon Holding IFCN.SW CH1431598916 66 IFCN.SW	3.77 B USD	33.47	52.72	5.63	9	- USD
67	Allreal Holding ALLN.SW CH0008837566 67 ALLN.SW	3.76 B CHF	17.78	27.75	8.59	2	- CHF
68	Medacta Group MOVE.SW CH0468525222 68 MOVE.SW	3.56 B EUR	37.29	46.51	5.21	6	- EUR
69	Adecco Group ADEN.SW CH0012138605 69 ADEN.SW	3.56 B EUR	12.07	5.44	0.15	3	- EUR
70	Siegfried Holding SFZN.SW CH1429326825 70 SFZN.SW	3.4 B CHF	20.18	21.27	2.56	6	- CHF
71	Huber+Suhner HUBN.SW CH0030380734 71 HUBN.SW	3.33 B CHF	46.66	78.21	3.73	3	- CHF
72	Berner Kantonalbank BEKN.SW CH0009691608 72 BEKN.SW	3.08 B CHF	17.03	20.87	3.96	4	- CHF
73	Zuger Kantonalbank ZUGER.SW CH0493891243 73 ZUGER.SW	2.97 B CHF	24.28	—	6.33	4	- CHF
74	International Workplace Group IWG.L JE00BYVQYS01 74 IWG.L	2.9 B USD	160.85	-96.33	0.77	4	- USD
75	Daetwyler Holding DAE.SW CH0030486770 75 DAE.SW	2.88 B CHF	35.68	34.01	2.62	4	- CHF
76	Cembra Money Bank CMBN.SW CH0225173167 76 CMBN.SW	2.87 B CHF	16.82	18.35	4.37	4	- CHF
77	Mobimo Holding MOBN.SW CH0011108872 77 MOBN.SW	2.84 B CHF	22.69	39.33	11.12	2	- CHF
78	Also Holding ALSN.SW CH0024590272 78 ALSN.SW	2.72 B EUR	23.68	16.82	0.29	5	- EUR
79	Clariant CLN.SW CH0012142631 79 CLN.SW	2.7 B CHF	11.07	10.78	0.65	3	- CHF
80	SMG Swiss Marketplace Group Holding SMG.SW CH1484953687 80 SMG.SW	2.65 B CHF	42.95	—	9.09	2	- CHF
81	Dormakaba Holding DOKA.SW CH1486524122 81 DOKA.SW	2.58 B CHF	26.34	23	0.9	7	- CHF
82	Valiant Holding VATN.SW CH0014786500 82 VATN.SW	2.54 B CHF	16.43	16.73	3.45	4	- CHF
83	BB Biotech BION.SW CH0038389992 83 BION.SW	2.53 B CHF	33.33	-45.62	22.54	2	- CHF
84	Montana Aerospace AERO.SW CH1110425654 84 AERO.SW	2.37 B EUR	65.7	2,225.29	1.59	2	- 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	10.78	2.6	5	- CHF
87	Kardex Holding KARN.SW CH0100837282 87 KARN.SW	2.19 B EUR	27.08	30.71	2.76	10	- EUR
88	Vaudoise Assurances Holding VAHN.SW CH0021545667 88 VAHN.SW	2.13 B CHF	14.5	15.37	1.45	3	- CHF
89	Compagnie Financiere Tradition CFT.SW CH0014345117 89 CFT.SW	2.09 B CHF	18.09	0.81	1.99	9	- CHF
90	Stadler Rail SRAIL.SW CH0002178181 90 SRAIL.SW	2.05 B CHF	53.31	16.65	0.63	2	- CHF
91	Comet Holding COTN.SW CH0360826991 91 COTN.SW	2.04 B CHF	166.71	459.44	4.45	3	- CHF
92	Investis Holding IREN.SW CH0325094297 92 IREN.SW	1.97 B CHF	8	51.96	12.92	4	- CHF
93	Burckhardt Compression Holding BCHN.SW CH0025536027 93 BCHN.SW	1.77 B CHF	16.76	22.68	1.62	8	- 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.