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Sunrise Communications AG Class A
(SUNN)
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Rating:56Neutral
Price Target:
CHF44.00
▲(5.97% Upside)
Action:Reiterated
Date:05/19/26
The score is driven primarily by strong cash flow resilience, but held back by recurring net losses and elevated leverage. Valuation is supported by a very high dividend yield, while technical signals are neutral-to-weak. The latest earnings call was balanced: reiterated guidance and progressive dividend targets help, but near-term headwinds (fixed revenue pressure, negative Q1 adjusted FCF phasing, and higher Q1 CapEx intensity) temper conviction.
Positive Factors
Strong cash generation
Consistent operating cash flow and sizable free cash flow provide durable financial flexibility. This recurring cash generation supports interest and debt servicing, funds dividends and necessary network investment, and cushions the business against cyclical revenue or profitability dips over the medium term.
Negative Factors
Elevated leverage
High and persistent leverage leaves the company sensitive to interest rates and refinancing cycles. Debt exceeding equity historically constrains strategic flexibility, increases fixed financial charges, and raises the risk that sustained weak profitability would force tougher tradeoffs between capex, dividends, and deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent operating cash flow and sizable free cash flow provide durable financial flexibility. This recurring cash generation supports interest and debt servicing, funds dividends and necessary network investment, and cushions the business against cyclical revenue or profitability dips over the medium term.
Read all positive factors
Sunrise Communications AG Class A (SUNN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF3.11B
Dividend Yield8.01%
Average Volume (3M)210.56K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue GrowthN/A
EPS GrowthN/A
CountryCH
Employees2,897
SectorGeneral
Sector StrengthN/A
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-2.11
Shares Outstanding71,259,705
10 Day Avg. Volume168,628
30 Day Avg. Volume210,560
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)0.75
Price to Sales (P/S)1.02
P/FCF Ratio5.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF45.00Price Target Upside8.38% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)-0.15
Revenue Forecast (FY)CHF2.96B
Sunrise Communications AG Class A Business Overview & Revenue Model
Company Description
Sunrise Communications AG is a telecommunications provider delivering a comprehensive suite of services. For individual consumers, it supplies mobile, high-speed internet, television, and traditional landline telephone solutions. Corporate clients...
How the Company Makes Money
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Sunrise Communications AG Class A Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Neutral
The call was broadly balanced. Management reported modest positive operating and profitability trends (stable revenue, +2.5% adjusted EBITDAaL, strong adjusted EBITDAaL less CapEx additions) and reiterated full‑year guidance while rolling out strategic initiatives — a loyalty programme and a sovereign B2B AI/cloud partnership — and announcing a price increase to support midterm revenue. Offsetting these positives are ongoing pressure in fixed/consumer revenues, a seasonally negative cash and service‑revenue phasing (notably in Q2), Q1 CapEx above the full‑year target, a negative adjusted FCF in Q1, and one‑off restructuring charges. Overall, positives and negatives are roughly balanced, with management confident in execution and guidance but with clear near‑term headwinds to monitor.Positive Updates
Mobile Net Additions
Delivered 10,000 postpaid mobile net additions in Q1 2026 (versus 12,000 in prior year, ~‑16.7% YoY), showing solid trading momentum in a seasonally softer quarter.
Negative Updates
Fixed/Residential Revenue Pressure
Fixed consumer revenues remain a drag on service revenue; management highlighted continued negative contribution from fixed (internet/broadband), with Internet broadband net adds at -1,000 in Q1.
Read all updates
Q1-2026 Updates
Positive
Negative
Mobile Net Additions
Delivered 10,000 postpaid mobile net additions in Q1 2026 (versus 12,000 in prior year, ~‑16.7% YoY), showing solid trading momentum in a seasonally softer quarter.
Read all positive updates
Company Guidance
Sunrise fully reiterated its FY2026 guidance: revenue broadly stable, adjusted EBITDAaL around CHF 1.0 billion and adjusted free cash flow of CHF 380–400 million, supporting a progressive dividend per share of CHF 3.49 for 2026 (≈+2% vs CHF 3.42 for 2025). Q1 underlying results that back the guidance included revenue +0.1% YoY, adjusted EBITDAaL +2.5% YoY, adjusted EBITDAaL less P&E additions growth ~16%, adjusted FCF of -CHF111m (broadly flat YoY), mobile net adds of 10,000 and broadband net adds of -1,000; Q1 CapEx/Sales was 18.5% but management expects full‑year CapEx/Sales below 15%. Management also flagged a general price increase effective 1 August (up to CHF 1.50 on main brand, ~CHF 1 on flanker brands) as a potential upside to be clearer after Q3 results.Sunrise Communications AG Class A Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
44
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.98B | 2.98B | 3.02B | 3.04B | 3.04B | 3.04B |
| Gross Profit | 1.40B | 656.00M | 2.19B | 2.20B | 2.22B | 2.21B |
| EBITDA | 1.15B | 1.10B | 1.10B | 1.18B | 1.55B | 1.33B |
| Net Income | -150.90M | -112.20M | -365.80M | -316.10M | 80.50M | -71.80M |
Balance Sheet | ||||||
| Total Assets | 11.52B | 11.72B | 12.06B | 12.61B | 13.21B | 12.86B |
| Cash, Cash Equivalents and Short-Term Investments | 151.60M | 273.20M | 351.80M | 4.80M | 2.30M | 5.50M |
| Total Debt | 5.68B | 5.61B | 5.90B | 6.68B | 7.16B | 7.93B |
| Total Liabilities | 7.48B | 7.65B | 7.68B | 9.03B | 9.16B | 9.80B |
| Stockholders Equity | 4.01B | 4.05B | 4.36B | 3.55B | 4.03B | 3.04B |
Cash Flow | ||||||
| Free Cash Flow | 806.80M | 600.20M | 738.00M | 733.50M | 835.30M | 911.30M |
| Operating Cash Flow | 1.01B | 995.80M | 1.28B | 1.20B | 1.25B | 1.27B |
| Investing Cash Flow | -475.60M | -503.80M | -478.70M | -760.60M | -543.00M | -333.20M |
| Financing Cash Flow | -608.20M | -566.60M | -454.40M | -440.10M | -714.00M | -945.40M |
Sunrise Communications AG Class A Technical Analysis
Positive
41.52
Price Trends
41.47
Positive
42.22
Positive
41.31
Positive
Market Momentum
0.37
Negative
59.09
Neutral
50.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:SUNN, the sentiment is Positive. The current price of 41.52 is below the 20-day moving average (MA) of 42.14, above the 50-day MA of 41.47, and above the 200-day MA of 41.31, indicating a bullish trend. The MACD of 0.37 indicates Negative momentum. The RSI at 59.09 is Neutral, neither overbought nor oversold. The STOCH value of 50.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:SUNN.
Sunrise Communications AG Class A Peers Comparison
UnderperformOutperform
Sector (55)
CH:SUNN
Sunrise Communications AG Class A
42.90
1.51
3.64%
CH:SCMN
Swisscom AG
643.00
86.14
15.47%
Sunrise Communications AG Class A Corporate Events
Sunrise Extends Debt Maturities With €500 Million Senior Secured Bond
Jul 22, 2026
Sunrise Communications has priced a new €500 million issuance of senior secured notes due 2033 at a 5% coupon, with settlement expected in early August 2026. The Swiss telecom operator will use the proceeds to fully refinance its existing 3....
Sunrise Names Andreas Tolpeit as New CFO to Drive Profitability and Strategy
Jul 20, 2026
Sunrise has appointed Andreas Tolpeit as its new Chief Financial Officer and member of the Executive Committee, effective 1 September 2026, following an orderly transition from outgoing CFO Jany Fruytier at the end of August. Tolpeit’s exten...
Sunrise Business launches bundled cyber insurance and connectivity for Swiss SMEs
Jun 25, 2026
Sunrise Business has launched “KMU Ready Insurance,” a bundled offering that combines high-speed internet, Cisco Umbrella cloud-based cybersecurity and new insurance products for Swiss SMEs. The package uniquely integrates connectivity...
Sunrise Becomes Key Corporate Backer of Switzerland’s 2038 Winter Games Bid
Jun 24, 2026
Sunrise has committed to become a “flag bearer” of the Switzerland 2038 bid to host the Olympic and Paralympic Winter Games, aligning the move with its “Dream Big. Do Big.” brand positioning. The company will contribute 10 ...
Lebara Unveils Flexible Annual Roaming ‘Relax’ Mobile Plans in Switzerland
Jun 22, 2026
Lebara is reshaping its Swiss mobile offer with the launch of “Relax” subscriptions that bundle unlimited data and calls in Switzerland with flexible annual roaming allowances across up to 110 destinations. Targeting customers who trav...
Sunrise Integrates YouTube Premium and HBO Max to Bolster Swiss Entertainment Platform
Jun 16, 2026
Sunrise Communications has expanded its Sunrise Entertainment portfolio by integrating YouTube Premium across its digital channels, shops and TV box, allowing customers to subscribe, manage and pay for the ad-free video, music and podcast service ...
Sunrise Becomes Main Partner of Zurich Film Festival in Three-Year Deal
Jun 9, 2026
Sunrise Communications AG has signed a three-year agreement to become a Main Partner of the Zurich Film Festival, one of Europe’s prominent film events and the second-largest in the German-speaking world. The partnership extends Sunrise̵...
Sunrise CFO Jany Fruytier to Depart After Steering Merger and IPO
Jun 1, 2026
Sunrise Communications AG announced that Chief Financial Officer Jany Fruytier will step down at the end of August 2026 to take a new CFO role at Ziggo Group, which Liberty Global plans to spin off. Sunrise has launched an internal and external se...
Sunrise names Wolfgang Elsässer to lead core consumer business
May 28, 2026
Sunrise Communications AG has appointed industry veteran Wolfgang Elsässer as Chief Consumer Officer Main Brand and member of its Executive Committee, effective 1 July 2026, placing him in charge of the company’s largest unit, the Consu...
Sunrise Posts Solid Q1 as Loyalty Push and AI Deal Underpin 2026 Outlook
May 13, 2026
Sunrise Communications reported a seasonally muted but solid first quarter, with stable revenue and higher adjusted EBITDAaL despite a wider net loss. Mobile postpaid subscriptions grew by 10,000 and internet losses narrowed, while lower capital e...
Sunrise Partners with PHOENIQS to Launch Sovereign Swiss AI for Regulated Sectors
May 11, 2026
Sunrise has entered an exclusive strategic partnership with Swiss AI infrastructure provider PHOENIQS to deliver sovereign, Switzerland-based artificial intelligence solutions for business customers. The offering targets large enterprises, SMEs an...
National League Final Drives Record Viewership for MySports and Sunrise
May 8, 2026
The decisive National League ice hockey final between HC Davos and HC Fribourg-Gottéron drew an average TV audience of more than 500,000 viewers across Switzerland on MySports and a broad network of free-TV partners. The nationwide live broad...
Sunrise Backs UZH Study Revealing Swiss Public’s Ambivalent Attitude Toward Generative AI
May 8, 2026
Sunrise is supporting a new Universität Zürich research project, “ai-dentities,” which explores how people in German- and French-speaking Switzerland perceive and use generative artificial intelligence. Based on a nationally ...
Sunrise Shareholders Approve All AGM Proposals and Confirm Leadership
May 7, 2026
Sunrise Communications AG held its ordinary General Meeting in Zurich, where shareholders representing 78.53% of registered shares approved all agenda items in line with the Board of Directors’ proposals. The 2025 consolidated and statutory ...
Sunrise to Raise Mobile and Internet Subscription Prices to Fund Network Investments
Apr 30, 2026
Sunrise Communications AG will raise monthly basic fees for its Sunrise-branded mobile and internet subscriptions for private and business customers by CHF 1.50 per subscription from 1 August 2026, with multi-line and combined packages seeing a lo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.