Loading...
FHZN logo

Flughafen Zürich AGSWX:FHZN Stock Report

Market Cap CHF 7.6b
Share Price
CHF 252.00
CHF 254.06
0.8% undervalued intrinsic discount
1Y12.6%
7D1.9%
1D
Portfolio Value
View

Flughafen Zürich AG

SWX:FHZN Stock Report

Market Cap: CHF 7.6b

Flughafen Zürich (FHZN) Stock Overview

Owns and operates the Zurich Airport in Switzerland. More details

FHZN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends3/6

FHZN Community Fair Values

Create Narrative

See what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.

Flughafen Zürich AG Competitors

Price History & Performance

Summary of share price highs, lows and changes for Flughafen Zürich
Historical stock prices
Current Share PriceCHF 252.00
52 Week HighCHF 266.60
52 Week LowCHF 212.80
Beta0.56
1 Month Change11.21%
3 Month Change1.04%
1 Year Change12.60%
3 Year Change35.78%
5 Year Change64.71%
Change since IPO1,602.70%

Recent News & Updates

Narrative Update Jun 16

FHZN: Dividend Resilience And Risk Pricing Will Shape Future Share Performance

The analyst price target for Flughafen Zürich shares has shifted slightly to reflect a fair value change of about CHF 0.27, with analysts citing valuation, near term risk pricing, and medium term dividend potential as key factors behind recent rating and target moves. Analyst Commentary Recent Street research on Flughafen Zürich shares highlights a mix of optimism around income potential and caution around risk pricing, with several firms adjusting ratings and targets in response to changes in perceived fair value.
Narrative Update Apr 22

FHZN: Dividend Strength And Mixed Ratings Will Shape Future Hold Case

The updated analyst price target for Flughafen Zürich reflects a modest upward move in implied fair value to about CHF 254 per share, even as recent research reports show several target trims and mixed ratings, with analysts citing slightly higher discount rate assumptions and only small adjustments to revenue growth, profit margin and future P/E expectations. Analyst Commentary Recent Street research on Flughafen Zürich shows a mix of optimism and caution, with several price target revisions and rating moves clustering in a relatively narrow valuation range.
Narrative Update Apr 07

FHZN: Dividend Appeal And Execution Risks Will Shape Future Hold Balance

Analysts have trimmed the average price target for Flughafen Zürich by CHF 1 to reflect slightly higher discount rate assumptions and modestly lower revenue growth and profit margin expectations, while keeping a similar future P/E outlook. Analyst Commentary Recent Street research around Flughafen Zürich has focused on fine tuning price targets and reassessing ratings, with both optimistic and cautious voices highlighting different aspects of execution risk and valuation.

Recent updates

Narrative Update Jun 16

FHZN: Dividend Resilience And Risk Pricing Will Shape Future Share Performance

The analyst price target for Flughafen Zürich shares has shifted slightly to reflect a fair value change of about CHF 0.27, with analysts citing valuation, near term risk pricing, and medium term dividend potential as key factors behind recent rating and target moves. Analyst Commentary Recent Street research on Flughafen Zürich shares highlights a mix of optimism around income potential and caution around risk pricing, with several firms adjusting ratings and targets in response to changes in perceived fair value.
Narrative Update Apr 22

FHZN: Dividend Strength And Mixed Ratings Will Shape Future Hold Case

The updated analyst price target for Flughafen Zürich reflects a modest upward move in implied fair value to about CHF 254 per share, even as recent research reports show several target trims and mixed ratings, with analysts citing slightly higher discount rate assumptions and only small adjustments to revenue growth, profit margin and future P/E expectations. Analyst Commentary Recent Street research on Flughafen Zürich shows a mix of optimism and caution, with several price target revisions and rating moves clustering in a relatively narrow valuation range.
Narrative Update Apr 07

FHZN: Dividend Appeal And Execution Risks Will Shape Future Hold Balance

Analysts have trimmed the average price target for Flughafen Zürich by CHF 1 to reflect slightly higher discount rate assumptions and modestly lower revenue growth and profit margin expectations, while keeping a similar future P/E outlook. Analyst Commentary Recent Street research around Flughafen Zürich has focused on fine tuning price targets and reassessing ratings, with both optimistic and cautious voices highlighting different aspects of execution risk and valuation.
Narrative Update Mar 24

FHZN: Balanced Dividend And Execution Risks Will Shape Future Hold Skew

The analyst fair value estimate for Flughafen Zürich has been trimmed by about CHF 0.35 to CHF 254.12, as analysts reflect slightly lower revenue growth assumptions, a marginally higher discount rate, and modestly adjusted profit margin and future P/E expectations following recent price target cuts from Citi, Morgan Stanley, and Deutsche Bank, alongside rating changes at Kepler Cheuvreux, Barclays, and JPMorgan. Analyst Commentary Recent research views on Flughafen Zürich have become more balanced, with some bullish analysts trimming but maintaining higher targets, while more cautious analysts are resetting expectations closer to current trading levels.
Narrative Update Mar 06

FHZN: Future Traffic And Margins Will Support Cautious Hold Skew

The updated analyst price target for Flughafen Zürich edges higher to about CHF 254 from roughly CHF 252, with analysts pointing to slightly adjusted assumptions around discount rates, profit margins and future P/E. These changes sit alongside recent mixed rating and target revisions from major banks.
Analysis Article Jan 28

With EPS Growth And More, Flughafen Zürich (VTX:FHZN) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Narrative Update Jan 27

FHZN: Future Traffic Strength And Margins Will Meet Cautious Market Expectations

Narrative Update The updated analyst price target for Flughafen Zürich shifts slightly lower to about CHF 252 from roughly CHF 254, as analysts weigh a higher discount rate and slightly softer profit margin assumptions against modestly adjusted revenue and future P/E expectations. Analyst Commentary Recent Street research on Flughafen Zürich highlights a mix of optimism on valuation support and caution on the risk and reward profile, with JPMorgan now taking a more conservative stance.
Narrative Update Jan 11

FHZN: Stronger 2025 Traffic And Margins Will Face Balanced Market Expectations

Analysts have inched their fair value estimate for Flughafen Zürich up to CHF 253.75 from CHF 252.88, citing updated assumptions around revenue growth, profit margins, discount rates and future P/E expectations, along with recent price target revisions and traffic‑driven earnings adjustments on the Street. Analyst Commentary Bullish Takeaways Bullish analysts are lifting traffic driven earnings assumptions for 2025, which supports higher regulated EBIT forecasts and offers some support for the updated fair value and existing premium price targets such as CHF 270.
Narrative Update Dec 16

FHZN: Stronger Traffic And Cash Flows Will Face Richer Equity Pricing

The analyst price target for Flughafen Zürich has inched higher, rising by about CHF 4. This reflects analysts' more supportive views on regulated earnings resilience and cash flow visibility, despite a slightly more cautious stance on the stock's near term risk reward.
Analysis Article Dec 08

Flughafen Zürich AG's (VTX:FHZN) Shares May Have Run Too Fast Too Soon

With a price-to-earnings (or "P/E") ratio of 21.9x Flughafen Zürich AG ( VTX:FHZN ) may be sending bearish signals at...
Analysis Article Nov 04

We Like These Underlying Return On Capital Trends At Flughafen Zürich (VTX:FHZN)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Analysis Article Oct 21

These 4 Measures Indicate That Flughafen Zürich (VTX:FHZN) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Oct 07

Should You Be Adding Flughafen Zürich (VTX:FHZN) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Aug 29

Flughafen Zürich AG Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

As you might know, Flughafen Zürich AG ( VTX:FHZN ) recently reported its half-yearly numbers. The result was positive...
Narrative Update Aug 28

Global Air Travel Demand Will Boost Zurich And Noida Expansion

With both the discount rate and future P/E ratio remaining stable, there is no change in analyst valuation, leaving Flughafen Zürich’s consensus price target effectively unchanged at CHF240.79. Valuation Changes Summary of Valuation Changes for Flughafen Zürich The Consensus Analyst Price Target remained effectively unchanged, at CHF240.79.
Analysis Article Aug 05

Investors Met With Slowing Returns on Capital At Flughafen Zürich (VTX:FHZN)

SWX:FHZN 1 Year Share Price vs Fair Value Explore Flughafen Zürich's Fair Values from the Community and select yours If...
Analysis Article Jul 05

Is There Now An Opportunity In Flughafen Zürich AG (VTX:FHZN)?

Flughafen Zürich AG ( VTX:FHZN ), is not the largest company out there, but it saw a decent share price growth of 14...
User avatar
New Narrative Feb 09

Launch Of Noida International Airport In 2025 Will Expand Aviation Operations

Expansion projects and new commercial offerings are poised to significantly boost aviation and commercial revenue by 2027.

Shareholder Returns

FHZNCH InfrastructureCH Market
7D1.9%-0.7%1.0%
1Y12.6%10.6%14.5%

Return vs Industry: FHZN exceeded the Swiss Infrastructure industry which returned 10.6% over the past year.

Return vs Market: FHZN underperformed the Swiss Market which returned 14.5% over the past year.

Price Volatility

Is FHZN's price volatile compared to industry and market?
FHZN volatility
FHZN Average Weekly Movement3.9%
Infrastructure Industry Average Movement4.1%
Market Average Movement4.3%
10% most volatile stocks in CH Market7.4%
10% least volatile stocks in CH Market2.2%

Stable Share Price: FHZN has not had significant price volatility in the past 3 months compared to the Swiss market.

Volatility Over Time: FHZN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19862,322Lukas Brosiwww.flughafen-zuerich.ch

Flughafen Zürich AG owns and operates the Zurich Airport in Switzerland. The company operates through Aviation; Passengers with Reduced Mobility (PRM); Usage Fees; Air Security; Access Fees; Noise; Non-Regulated Business; and International segments. 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 and fees.

Flughafen Zürich AG Fundamentals Summary

How do Flughafen Zürich's earnings and revenue compare to its market cap?
FHZN fundamental statistics
Market capCHF 7.56b
Earnings (TTM)CHF 346.50m
Revenue (TTM)CHF 1.36b
22.3x
P/E Ratio
5.7x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FHZN income statement (TTM)
RevenueCHF 1.36b
Cost of RevenueCHF 476.80m
Gross ProfitCHF 884.30m
Other ExpensesCHF 537.80m
EarningsCHF 346.50m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Jul 13, 2026

Earnings per share (EPS)11.29
Gross Margin64.97%
Net Profit Margin25.46%
Debt/Equity Ratio49.5%

How did FHZN perform over the long term?

See historical performance and comparison

Dividends

3.4%
Current Dividend Yield
75%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/24 01:37
End of Day Share Price 2026/06/24 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Flughafen Zürich AG is covered by 27 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
José ArroyasBanco Santander
Susanna InvernizziBarclays
Andrew LobbenbergBarclays