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VZ Holding AG
(VZN)
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Rating:64Neutral
Price Target:
CHF152.00
▼(-0.52% Downside)
Action:Reiterated
Date:03/04/26
The score is driven primarily by solid underlying financial performance (strong profitability/returns and improved leverage), tempered by the sharp 2025 free-cash-flow drop and a recent pause in revenue growth. Technicals are a meaningful drag due to a clear downtrend (price below key moving averages and negative MACD), while valuation is modestly supportive but not compelling given the ~24 P/E and ~1.9% yield.
Positive Factors
High and consistent returns on equity
Sustained ROE near 19–21% signals durable profitability and effective capital allocation. High returns imply the business generates above-average margins and reinvestment capacity, supporting long-term shareholder returns and resilience through economic cycles.
Negative Factors
Volatile free cash flow
A 52% free-cash-flow drop in 2025 highlights uneven cash generation despite historically strong conversion. Volatility in FCF can constrain dividends, buybacks, and reinvestment, and raises uncertainty about the consistency of internally funded growth or capital returns.
Read all positive and negative factors
Positive Factors
Negative Factors
High and consistent returns on equity
Sustained ROE near 19–21% signals durable profitability and effective capital allocation. High returns imply the business generates above-average margins and reinvestment capacity, supporting long-term shareholder returns and resilience through economic cycles.
Read all positive factors
VZ Holding AG (VZN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF6.22B
Dividend Yield1.82%
Average Volume (3M)39.07K
Price to Earnings (P/E)26.8
Beta (1Y)0.61
Revenue Growth5.68%
EPS Growth8.06%
CountryCH
Employees1,567
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)5.91
Shares Outstanding40,000,000
10 Day Avg. Volume77,920
30 Day Avg. Volume39,071
Financial Highlights & Ratios
PEG Ratio3.00
Price to Book (P/B)5.08
Price to Sales (P/S)9.52
P/FCF Ratio23.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.7
Revenue Forecast (FY)CHF646.01M
VZ Holding AG Business Overview & Revenue Model
Company Description
VZ Holding AG, a subsidiary of Madarex Ltd. and founded in 1992 with its headquarters in Zurich, Switzerland, operates as a comprehensive financial services provider across Switzerland and Germany. The company offers a wide spectrum of services to...
How the Company Makes Money
VZ Holding AG generates revenue through several key streams, including fees from asset management services, commissions on financial products, and advisory fees for wealth management services. The company also earns income from its insurance produ...
VZ Holding AG Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 627.60M | 567.54M | 517.36M | 420.69M | 392.00M |
| Gross Profit | 557.53M | 381.95M | 342.64M | 393.35M | 368.48M |
| EBITDA | 301.45M | 312.93M | 269.34M | 197.90M | 187.81M |
| Net Income | 236.44M | 218.22M | 186.94M | 151.10M | 142.59M |
Balance Sheet | |||||
| Total Assets | 8.27B | 7.49B | 6.54B | 5.95B | 5.77B |
| Cash, Cash Equivalents and Short-Term Investments | 2.09B | 1.91B | 1.56B | 1.46B | 1.89B |
| Total Debt | 720.30M | 754.95M | 553.35M | 538.40M | 1.04B |
| Total Liabilities | 7.09B | 6.43B | 5.61B | 5.18B | 5.07B |
| Stockholders Equity | 1.18B | 1.05B | 919.09M | 763.09M | 695.60M |
Cash Flow | |||||
| Free Cash Flow | 254.31M | 231.59M | 161.43M | 163.94M | 147.82M |
| Operating Cash Flow | 268.72M | 254.21M | 165.85M | 196.42M | 168.55M |
| Investing Cash Flow | -775.16M | 3.25M | -30.85M | -1.11B | -131.17M |
| Financing Cash Flow | 563.96M | 14.56M | -1.21M | -62.70M | -42.87M |
VZ Holding AG Technical Analysis
Positive
152.80
Price Trends
149.72
Positive
149.09
Positive
150.07
Positive
Market Momentum
2.71
Negative
64.69
Neutral
58.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:VZN, the sentiment is Positive. The current price of 152.8 is below the 20-day moving average (MA) of 153.17, above the 50-day MA of 149.72, and above the 200-day MA of 150.07, indicating a bullish trend. The MACD of 2.71 indicates Negative momentum. The RSI at 64.69 is Neutral, neither overbought nor oversold. The STOCH value of 58.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:VZN.
VZ Holding AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | CHF17.75B | 14.11 | ― | 4.30% | 18.00% | 12.05% | |
66 Neutral | CHF4.34B | 19.60 | 11.11% | 4.66% | 1.34% | 5.31% | |
64 Neutral | CHF6.22B | 26.77 | 22.69% | 1.82% | 5.68% | 8.06% | |
63 Neutral | CHF14.91B | 19.56 | ― | 4.14% | -3.23% | -25.30% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | CHF297.00M | -8.62 | ― | 21.87% | -26.14% | -683.34% | |
42 Neutral | CHF68.46M | -0.90 | -81.01% | ― | -51.49% | 65.36% |
* General Sector Average
CH:VZN
VZ Holding AG
158.20
-11.59
-6.83%
CH:PGHN
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685.40
-319.47
-31.79%
CH:BAER
Julius Baer Group Ltd
72.76
19.88
37.60%
CH:GAM
GAM Holding AG
0.06
-0.04
-38.61%
CH:VONN
Vontobel Holding AG
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12.56
19.20%
CH:LEON
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16.46
-4.44
-21.24%
VZ Holding AG Corporate Events
VZ Holding lifts profit, assets and dividend on strong client growth
Feb 27, 2026
VZ Holding AG reported a strong 2025 financial year, with total income up 9.4% to CHF 574.5 million and net profit rising 7.9% to CHF 236.4 million, driven mainly by a 15% increase in income from assets under management. The group’s client b...
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.