Flughafen Zurich AG (CH:FHZN)
:FHZN
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Flughafen Zurich AG
(FHZN)
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Rating:66Neutral
Price Target:
CHF260.00
▲(5.35% Upside)
Action:ReiteratedDate:03/12/26
The score is primarily supported by strong financial performance (high profitability, manageable leverage, and robust operating cash flow), but is held back by weak technicals showing a downtrend below key moving averages with bearish momentum. Valuation is mid-range with a moderate P/E and a modest dividend yield.
Positive Factors
Profitability & Margins
Sustained high net margins (~25% in 2025) after the pandemic reflect durable operating efficiency and pricing power across aeronautical and non-aeronautical services. High margins support reinvestment, dividend capacity and resilience to revenue shocks over the medium term.
Negative Factors
Thin & Volatile Free Cash Flow
Free cash flow is thin relative to profits (~21% in 2025) and has been volatile historically. Persistent capex and working-capital demands limit excess cash for buybacks or buffers, raising sensitivity to downturns and constraining long-term financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & Margins
Sustained high net margins (~25% in 2025) after the pandemic reflect durable operating efficiency and pricing power across aeronautical and non-aeronautical services. High margins support reinvestment, dividend capacity and resilience to revenue shocks over the medium term.
Read all positive factors
Flughafen Zurich AG (FHZN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF7.58B
Dividend Yield2.28%
Average Volume (3M)38.43K
Price to Earnings (P/E)22.3
Beta (1Y)0.55
Revenue Growth3.50%
EPS Growth5.74%
CountryCH
Employees1,764
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)6.03
Shares Outstanding30,701,876
10 Day Avg. Volume35,275
30 Day Avg. Volume38,426
Financial Highlights & Ratios
PEG Ratio3.65
Price to Book (P/B)2.45
Price to Sales (P/S)5.68
P/FCF Ratio53.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF246.55Price Target Upside-0.10% Downside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)10.48
Revenue Forecast (FY)CHF1.41B
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 handli...
How the Company Makes Money
Flughafen Zurich AG generates revenue through multiple streams. The primary source of income comes from aeronautical services, including landing and take-off fees charged to airlines for using the airport facilities. Additionally, the company earn...
Flughafen Zurich AG Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.36B | 1.33B | 1.24B | 1.02B | 680.00M |
| Gross Profit | 563.00M | 707.10M | 476.40M | 339.80M | 77.40M |
| EBITDA | 769.80M | 704.00M | 679.50M | 536.30M | 273.10M |
| Net Income | 346.50M | 326.70M | 304.20M | 207.00M | -10.10M |
Balance Sheet | |||||
| Total Assets | 5.57B | 5.20B | 5.11B | 5.22B | 5.00B |
| Cash, Cash Equivalents and Short-Term Investments | 422.20M | 397.60M | 601.90M | 722.40M | 575.90M |
| Total Debt | 1.69B | 1.48B | 1.57B | 1.94B | 1.89B |
| Total Liabilities | 2.42B | 2.24B | 2.30B | 2.54B | 2.59B |
| Stockholders Equity | 3.15B | 2.97B | 2.80B | 2.68B | 2.41B |
Cash Flow | |||||
| Free Cash Flow | 144.50M | 75.40M | 253.10M | 281.80M | 49.80M |
| Operating Cash Flow | 683.60M | 641.60M | 680.60M | 475.20M | 218.50M |
| Investing Cash Flow | -940.60M | -344.10M | -170.00M | -569.80M | -87.20M |
| Financing Cash Flow | 93.50M | -267.20M | -469.10M | -54.50M | -70.70M |
Flughafen Zurich AG Technical Analysis
Negative
246.80
Price Trends
249.34
Negative
246.94
Negative
241.56
Positive
Market Momentum
-1.36
Negative
47.40
Neutral
80.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:FHZN, the sentiment is Negative. The current price of 246.8 is below the 20-day moving average (MA) of 247.04, below the 50-day MA of 249.34, and above the 200-day MA of 241.56, indicating a neutral trend. The MACD of -1.36 indicates Negative momentum. The RSI at 47.40 is Neutral, neither overbought nor oversold. The STOCH value of 80.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:FHZN.
Flughafen Zurich AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | CHF1.52B | 15.54 | 8.32% | 2.68% | 5.88% | -1.53% | |
66 Neutral | CHF7.58B | 22.31 | 11.37% | 2.28% | 3.50% | 5.74% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | CHF1.17B | 16.81 | 15.36% | 1.19% | 1.87% | -26.72% | |
58 Neutral | CHF1.02B | 17.93 | 12.91% | 2.90% | -2.80% | -14.35% | |
46 Neutral | CHF396.32M | -2.53 | ― | 7.53% | -28.40% | -117.97% | |
42 Neutral | CHF301.38M | -3.97 | ― | 82.95% | ― | ― |
* Industrials Sector Average
CH:FHZN
Flughafen Zurich AG
246.80
43.36
21.31%
CH:RIEN
Rieter Holding AG
3.00
-5.34
-64.05%
CH:FORN
Forbo Holding AG
722.00
-53.80
-6.93%
CH:IMPN
Implenia AG
63.50
23.50
58.75%
CH:JFN
Jungfraubahn Holding AG
272.50
89.55
48.95%
CH:ARBN
Arbonia AG
4.36
-1.13
-20.58%
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.