Flughafen Zurich AG (FHZN) AI Stock Analysis

• Market Cap: CHF7.15B
• Dividend Yield: 2.29%
• Average Volume (3M): 40.24K
• Price to Earnings (P/E): 21.9
• Beta (1Y): 0.57
• Revenue Growth: 7.28%
• EPS Growth: 7.39%
• Country: CH
• Employees: 1,764
• Sector: Industrials
• Sector Strength: 91
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 5.70
• Shares Outstanding: 30,701,876
• 10 Day Avg. Volume: 34,340
• 30 Day Avg. Volume: 40,238
• PEG Ratio: 7.81
• Price to Book (P/B): 2.41
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 44.34
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: CHF216.00
• Price Target Upside: -7.22% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 73 Outperform
• Price Target: CHF256.00 ▲(9.97%Upside)

Flughafen Zurich AG demonstrates strong financial performance with robust revenue growth and profitability, which are the most significant contributors to the score. The technical analysis suggests bullish momentum but warns of overbought conditions. The valuation is neutral, providing no significant discount or premium.

Flughafen Zurich AG Business Overview & Revenue Model

Company Description

Flughafen Zürich AG owns and operates the Zurich in Switzerland. It provides infrastructure and services related to flight operations, including the runway system, apron zones, passenger zones in the terminals, freight operations, passenger handling and services, and safety; support for passengers with reduced mobility; and check-in areas and facilities, baggage sorting and handling system, aircraft power supply system, handling apron areas, and the related services. The company also offers passenger and aircraft security measures with systems and their operation and maintenance designed to prevent actions that affect the security of commercial civil aviation primarily facilities for checks on passengers, hand luggage, checked baggage, and freight. In addition, it provides air security-related equipment and services comprising relevant systems and their operation and maintenance; and airport policing duties, con surveillance patrols and other security-related duties. Further, the company is involved in the development, marketing, and operation of the commercial infrastructure at Zurich Airport, including retail and restaurant/catering operations at the airport, renting premises, parking services, and various commercial services; and shopping centers, service centers, leisure, and experiential activities. Flughafen Zürich AG was founded in 2000 and is headquartered in Zurich, Switzerland.

How the Company Makes Money

Flughafen Zürich AG generates revenue through several key streams. The primary source of income comes from aviation operations, including landing and take-off fees charged to airlines, passenger fees, and aircraft parking fees. Non-aviation revenue streams are also significant, generated from commercial activities within the airport such as retail and food services, parking facilities, and real estate management. Additionally, the company earns from its international business through consultancy services and management contracts with other airports. Partnerships with retailers, hospitality providers, and service companies contribute to its diversified income portfolio, enhancing passenger experience and driving commercial success.

Flughafen Zurich AG Financial Statement Overview

Summary

Flughafen Zurich AG shows robust financial health with strong revenue and profit growth. The company has a solid equity position and efficient operational cash flow. However, high debt levels and inconsistent free cash flow growth pose challenges.

Income Statement

Flughafen Zurich AG has shown strong revenue growth with a noticeable increase from $680 million in 2021 to $1.33 billion in 2024. The gross profit margin improved significantly over the years, reaching 53.3% in 2024, indicating effective cost management. The net profit margin also improved to 24.6% in 2024. However, the absence of EBIT in 2024 is a concern, though EBITDA margins remain strong at 55.1%.

Balance Sheet

The company maintains a solid equity position with a debt-to-equity ratio of 0.50 in 2024, indicating manageable leverage. The equity ratio improved to 57.0% in 2024, showing a stable financial structure. Return on equity (ROE) increased to 11.0%, reflecting improved profitability. However, the total debt remains relatively high compared to historical levels.

Cash Flow

The free cash flow has seen fluctuations, with a notable decline to $75.4 million in 2024. The operating cash flow to net income ratio is strong at 1.96, indicating efficient cash generation from operations. However, the free cash flow growth rate has been inconsistent, highlighting potential challenges in capital expenditure management.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.33B	1.24B	1.02B	680.00M	623.97M
	Gross Profit
707.10M	476.40M	339.80M	77.40M	8.50M
	EBIT
433.60M	420.30M	282.70M	37.50M	-36.85M
	EBITDA
731.30M	679.50M	536.30M	295.40M	189.10M
	Net Income Common Stockholders
326.70M	304.20M	207.00M	-10.10M	-69.13M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
397.60M	601.90M	722.40M	575.90M	599.66M
	Total Assets
5.20B	5.11B	5.22B	5.00B	5.14B
	Total Debt
1.48B	1.57B	1.94B	1.89B	1.93B
	Net Debt
1.16B	1.27B	1.68B	1.48B	1.82B
	Total Liabilities
2.24B	2.30B	2.54B	2.59B	2.80B
	Stockholders Equity
2.97B	2.80B	2.68B	2.41B	2.34B
Cash Flow		Free Cash Flow
75.40M	253.10M	281.80M	49.80M	-131.78M
	Operating Cash Flow
641.60M	680.60M	475.20M	218.50M	131.24M
	Investing Cash Flow
-344.10M	-170.00M	-569.80M	-87.20M	-566.19M
	Financing Cash Flow
-267.20M	-469.10M	-54.50M	-70.70M	658.27M

Flughafen Zurich AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 232.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:FHZN, the sentiment is Positive. The current price of 232.8 is above the 20-day moving average (MA) of 224.81, above the 50-day MA of 212.40, and above the 200-day MA of 206.89, indicating a bullish trend. The MACD of 5.26 indicates Positive momentum. The RSI at 76.31 is Negative, neither overbought nor oversold. The STOCH value of 84.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:FHZN.

Flughafen Zurich AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNIN	77 Outperform	CHF22.26B	18.52		4.40%	13.34%	-4.15%
FHZN	73 Outperform	CHF7.15B	21.88	11.24%	2.29%	7.28%	7.39%
SGSN	70 Neutral	CHF16.51B	27.51		3.74%	2.60%	3.16%
Sector *	66 Neutral	$4.51B	12.29	5.40%	248.53%	4.14%	-12.41%
DOKA	59 Neutral	CHF3.07B	45.51		1.06%	2.72%	156.72%
JFBHF		$1.41B	16.72	11.00%	3.39%	―	―
SRAIL	58 Neutral	CHF2.07B	53.98		0.96%	-9.78%	-69.10%