V-ZUG Holding Ltd (VZUG) AI Stock Analysis

• Market Cap: CHF256.50M
• Dividend Yield: 2.16%
• Average Volume (3M): 4.88K
• Price to Earnings (P/E): 18.0
• Beta (1Y): 0.84
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CH
• Employees: 2,086
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 0.25
• Shares Outstanding: 6,428,571
• 10 Day Avg. Volume: 3,019
• 30 Day Avg. Volume: 4,877
• PEG Ratio: 0.18
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.53
• P/FCF Ratio: 237.36
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.79
• Revenue Forecast (FY): CHF468.83M

• Rating: 62 Neutral
• Price Target: CHF45.00 ▲(6.64% Upside)

Overall score reflects a strong, low-risk balance sheet (no debt) and improving profitability versus the recent trough, tempered by inconsistent free cash flow and margins still materially below prior-cycle peaks. Technicals are mildly positive in the short term but weaker over the longer trend, and valuation is fair with a modest dividend yield.

V-ZUG Holding Ltd Business Overview & Revenue Model

Company Description

V-ZUG Holding AG manufactures and sells various household appliances in Switzerland and internationally. The company operates in two segments, Household Appliances and Real Estate. It provides kitchen appliances, including ovens and cookers, hobs, steamers, dishwashers, refrigerators and freezers, range hoods, microwaves, drawers, and automatic built-in coffee machines; and laundry appliances comprising washing machines, dryers, refreshbutlers, and till systems. The company also offers oven, cooker, and steamer accessories; refrigerator and freezer, dishwasher, range hood, tumble dryer, washing machine, and vacuisine accessories; and recipe books. In addition, it operates a spare part shops. The company was founded in 1913 and is headquartered in Zug, Switzerland.

How the Company Makes Money

V-ZUG Holding Ltd Financial Statement Overview

Summary

Financials are stable but not yet strong: revenue returned to modest growth in 2024 and profitability improved versus 2022–2023, while the balance sheet is a major strength with zero debt. Offsetting this, margins remain well below 2020–2021 levels and free cash flow has been volatile, with 2024 near breakeven and weak cash conversion versus net income.

Income Statement

Revenue has stabilized and returned to modest growth in 2024 (annual +3.6%) after the 2023 dip, and profitability improved versus 2022–2023 (net margin ~3.6% in 2024 vs ~2.0% in 2023). However, margins remain well below the 2020–2021 levels (when net margin was ~7.6%–8.8% and operating margin was stronger), indicating a business that has not fully regained prior earnings power.

Balance Sheet

The balance sheet is a clear strength: the company reports zero total debt across the period, with equity steadily building (2020–2024) and assets growing modestly. Returns on equity have rebounded in 2024 (~4.4%) from 2022–2023 but remain far below 2020–2021, suggesting the capital base is conservatively funded yet currently under-earning versus prior cycles.

Cash Flow

Cash generation is mixed and volatile. Operating cash flow was solid in 2023–2024, but free cash flow weakened materially in 2024 (near breakeven) after a much stronger 2023, and 2022 was notably weak with negative free cash flow. Free cash flow is currently a small fraction of net income (about ~2% in 2024), pointing to lower cash conversion and potential investment or working-capital swings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	578.81M	591.72M	585.42M	636.28M	640.72M	580.09M
Gross Profit	205.99M	211.04M	199.98M	114.70M	157.60M	138.08M
EBITDA	50.97M	56.26M	45.46M	41.99M	93.39M	79.10M
Net Income	14.26M	21.41M	11.69M	7.94M	55.43M	43.21M
Balance Sheet
Total Assets	622.74M	636.47M	619.51M	606.84M	616.11M	554.69M
Cash, Cash Equivalents and Short-Term Investments	34.08M	83.48M	80.95M	64.50M	117.28M	107.80M
Total Debt	10.00M	0.00	0.00	0.00	0.00	0.00
Total Liabilities	143.14M	150.14M	155.58M	153.03M	167.25M	161.51M
Stockholders Equity	479.60M	486.33M	463.93M	453.81M	448.85M	393.18M
Cash Flow
Free Cash Flow	-12.07M	1.33M	17.45M	-48.53M	9.02M	41.47M
Operating Cash Flow	46.46M	57.97M	80.45M	1.13M	63.53M	99.44M
Investing Cash Flow	-59.95M	-56.17M	-62.26M	-53.36M	-54.48M	-57.47M
Financing Cash Flow	-6.89M	0.00	-141.00K	77.00K	0.00	29.91M

V-ZUG Holding Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CFR	78 Outperform	CHF87.75B	22.80	―	1.76%	5.10%	206.55%
LISN	72 Outperform	CHF25.95B	40.81	―	1.29%	7.37%	-5.49%
GIVN	71 Outperform	CHF27.57B	25.20	―	2.24%	5.93%	6.00%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
VZUG	62 Neutral	CHF256.50M	17.98	―	2.16%	―	―
BARN	54 Neutral	CHF7.41B	39.88	―	2.31%	42.39%	-2.13%

V-ZUG Holding Ltd Corporate Events

V-ZUG Inaugurates Methane Pyrolysis Plant to Drive Decarbonization

V-ZUG, in collaboration with the Association for the Decarbonization of Industry and other partners, has inaugurated a methane pyrolysis plant at its production site in Zug, Switzerland. This innovative plant, which represents a significant investment and collaboration among 16 leading companies and Empa, aims to advance the decarbonization of the Swiss industry by 2050. The plant will produce hydrogen as a climate-friendly energy source and solid carbon for use in construction and agriculture, marking a pioneering step towards emission-free industrial processes. This project underscores the potential for research, business, and public sector collaboration to achieve significant progress in climate strategy.

The most recent analyst rating on (CH:VZUG) stock is a Buy with a CHF66.00 price target. To see the full list of analyst forecasts on V-ZUG Holding Ltd stock, see the CH:VZUG Stock Forecast page.

V-ZUG Issues Profit Warning Amidst Challenging Market Conditions

V-ZUG Holding Ltd has issued a profit warning, expecting net revenue for 2025 to be slightly below the previous year’s figures due to declining market conditions in Switzerland and internationally. The company is addressing these challenges through strategic initiatives ‘Simplify’ and ‘Grow,’ focusing on cost optimization, efficiency improvements, and strengthening sales efforts. Despite the current market difficulties, V-ZUG maintains a medium-term growth forecast of 3% annually and aims to achieve a profitability margin of around 10%.

The most recent analyst rating on (CH:VZUG) stock is a Buy with a CHF66.00 price target. To see the full list of analyst forecasts on V-ZUG Holding Ltd stock, see the CH:VZUG Stock Forecast page.