Zehnder Group Future Growth
Future criteria checks 3/6
Zehnder Group is forecast to grow earnings and revenue by 13.9% and 5.3% per annum respectively. EPS is expected to grow by 14.2% per annum. Return on equity is forecast to be 19.9% in 3 years.
Key information
13.9%
Earnings growth rate
14.20%
EPS growth rate
| Building earnings growth | 11.2% |
| Revenue growth rate | 5.3% |
| Future return on equity | 19.89% |
| Analyst coverage | Low |
| Last updated | 11 Jun 2026 |
Recent future growth updates
Recent updates
Narrative Update • Apr 15
ZEHN: Upcoming Dividend Payout Will Support Bullish Long Term Returns
Analysts have made a marginal upward adjustment to their Zehnder Group price target to CHF 91.21 from CHF 91.16, reflecting slightly higher profit margin assumptions alongside modest tweaks to revenue growth, discount rate and future P/E inputs. What's in the News Zehnder Group AG announced an annual dividend of CHF 1.40 per share.Narrative Update • Mar 31
ZEHN: Upcoming Dividend Payout Will Support Bullish Long Term Outlook
The analyst price target for Zehnder Group has shifted slightly to CHF 91.16 from CHF 90.39, with analysts pointing to only marginal adjustments in fair value, discount rate, profit margin and future P/E assumptions rather than any major change in the overall outlook. What's in the News Zehnder Group AG announced an annual dividend of CHF 1.40 per share, with payment scheduled for March 25, 2026 (Key Developments).
New Narrative • Mar 24
Ventilation And Indoor Air Trends Will Support A Stronger Long Term Outlook
Catalysts About Zehnder Group Zehnder Group focuses on ventilation, indoor climate solutions and radiators for residential, commercial and industrial buildings. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 17
ZEHN: Dividend Visibility And Higher Future P/E Will Support Bullish Outlook
Analysts have slightly reduced their Zehnder Group price target to around CHF 90, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Zehnder Group AG announced an annual dividend of CHF 1.40 per share, with payment scheduled for March 25, 2026.
New Narrative • Mar 10
Ventilation Demand And Services Expansion Will Support Steadier Long Term Prospects
Catalysts About Zehnder Group Zehnder Group supplies ventilation, indoor climate and radiator solutions with a growing focus on ventilation and related services. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 03
ZEHN: Dividend Visibility And Slightly Richer Metrics Will Support Bullish Medium Term Outlook
Analysts have raised their Zehnder Group price target from CHF 90.58 to CHF 92.75, reflecting slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Zehnder Group AG announced an annual dividend of CHF 1.40 per share, with payment scheduled for March 25, 2026.Narrative Update • Feb 16
ZEHN: Stable Assumptions And Slightly Higher Discount Rate Will Shape Medium Term Outlook
Analysts have slightly adjusted their price target for Zehnder Group to reflect a small change in fair value to CHF 90.58. This revision is driven mainly by updated assumptions around the discount rate and future P/E, while revenue growth and profit margin expectations remain broadly unchanged.Analysis Article • Feb 06
Is Now The Time To Look At Buying Zehnder Group AG (VTX:ZEHN)?
While Zehnder Group AG ( VTX:ZEHN ) might not have the largest market cap around , it led the SWX gainers with a...Narrative Update • Feb 02
ZEHN: Bolt On Acquisitions And Margin Discipline Will Support Balanced Medium Term Outlook
Narrative Update on Zehnder Group Analysts have lifted their fair value estimate for Zehnder Group from CHF 88.95 to CHF 91.37, citing updated assumptions for revenue growth, profit margins and future P/E expectations. What's in the News Zehnder Group confirmed earnings guidance for fiscal 2025, reiterating an average annual revenue growth target of 5% and a medium term EBIT margin range of 9% to 11% (Corporate guidance).Narrative Update • Jan 19
ZEHN: Consolidation Plans In Ventilation Will Support Medium Term Margin Ambitions
Analysts have lifted their price target on Zehnder Group to CHF 88.95, up from CHF 84.61, citing updated assumptions for revenue growth, profit margins and discount rates, along with a slightly adjusted future P/E multiple. What's in the News Zehnder Group confirmed its earnings guidance for fiscal 2025, reiterating an average annual revenue growth target of 5% and a medium term EBIT margin range of 9% to 11% (company guidance).Analysis Article • Nov 06
Zehnder Group (VTX:ZEHN) Might Have The Makings Of A Multi-Bagger
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Sep 29
We Think Zehnder Group (VTX:ZEHN) Can Manage Its Debt With Ease
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Narrative • Aug 20
Ventilation Expansion And Urbanization Trends Will Create Value
Key Takeaways Zehnder's ventilation-focused strategy, innovation investments, and operational efficiencies support margin expansion and revenue growth, bolstered by service, replacement, and cross-market opportunities. Strategic moves in high-growth, regulation-driven markets and recurring revenue streams help diversify exposure and reduce vulnerability to regional economic swings.Analysis Article • Jul 04
Should You Think About Buying Zehnder Group AG (VTX:ZEHN) Now?
Zehnder Group AG ( VTX:ZEHN ), might not be a large cap stock, but it received a lot of attention from a substantial...Analysis Article • May 15
These 4 Measures Indicate That Zehnder Group (VTX:ZEHN) Is Using Debt Reasonably Well
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Apr 15
Investors Interested In Zehnder Group AG's (VTX:ZEHN) Revenues
It's not a stretch to say that Zehnder Group AG's ( VTX:ZEHN ) price-to-sales (or "P/S") ratio of 0.8x right now seems...Analysis Article • Mar 28
We Discuss Why Zehnder Group AG's (VTX:ZEHN) CEO Compensation May Be Closely Reviewed
Key Insights Zehnder Group's Annual General Meeting to take place on 3rd of April Total pay for CEO Matthias...Analysis Article • Mar 05
There May Be Reason For Hope In Zehnder Group's (VTX:ZEHN) Disappointing Earnings
Zehnder Group AG's ( VTX:ZEHN ) recent soft profit numbers didn't appear to worry shareholders, as the stock price...Analysis Article • Feb 20
Returns On Capital At Zehnder Group (VTX:ZEHN) Have Hit The Brakes
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...Analysis Article • Jan 24
When Should You Buy Zehnder Group AG (VTX:ZEHN)?
While Zehnder Group AG ( VTX:ZEHN ) might not have the largest market cap around , it saw a double-digit share price...Analysis Article • Nov 30
Is Zehnder Group AG (VTX:ZEHN) Expensive For A Reason? A Look At Its Intrinsic Value
Key Insights Zehnder Group's estimated fair value is CHF35.48 based on 2 Stage Free Cash Flow to Equity Zehnder Group...Analysis Article • Nov 14
Zehnder Group AG (VTX:ZEHN) Not Lagging Market On Growth Or Pricing
When close to half the companies in Switzerland have price-to-earnings ratios (or "P/E's") below 19x, you may consider...Analysis Article • Aug 03
Some May Be Optimistic About Zehnder Group's (VTX:ZEHN) Earnings
Investors were disappointed with the weak earnings posted by Zehnder Group AG ( VTX:ZEHN ). While the headline numbers...Analysis Article • Jun 05
Calculating The Fair Value Of Zehnder Group AG (VTX:ZEHN)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Zehnder Group fair value estimate is CHF48.81 With CHF56.40...Analysis Article • Mar 23
Benign Growth For Zehnder Group AG (VTX:ZEHN) Underpins Its Share Price
When close to half the companies in Switzerland have price-to-earnings ratios (or "P/E's") above 22x, you may consider...Analysis Article • Dec 15
Zehnder Group (VTX:ZEHN) Seems To Use Debt Rather Sparingly
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 • Mar 23
Zehnder Group (VTX:ZEHN) Could Easily Take On More Debt
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 • Feb 24
There's Been No Shortage Of Growth Recently For Zehnder Group's (VTX:ZEHN) Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Dec 13
Is Now The Time To Look At Buying Zehnder Group AG (VTX:ZEHN)?
Zehnder Group AG ( VTX:ZEHN ), might not be a large cap stock, but it saw significant share price movement during...Analysis Article • Nov 05
Zehnder Group (VTX:ZEHN) Has A Pretty Healthy Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jul 05
Should You Be Adding Zehnder Group (VTX:ZEHN) To Your Watchlist Today?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Jun 14
Zehnder Group (VTX:ZEHN) Is Doing The Right Things To Multiply Its Share Price
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...Analysis Article • May 07
At CHF71.10, Is It Time To Put Zehnder Group AG (VTX:ZEHN) On Your Watch List?
While Zehnder Group AG ( VTX:ZEHN ) might not be the most widely known stock at the moment, it received a lot of...Analysis Article • Mar 28
Zehnder Group (VTX:ZEHN) Is Increasing Its Dividend To CHF1.80
Zehnder Group AG ( VTX:ZEHN ) has announced that it will be increasing its dividend on the 13th of April to CHF1.80...Analysis Article • Feb 26
Zehnder Group (VTX:ZEHN) Is Paying Out A Larger Dividend Than Last Year
Zehnder Group AG ( VTX:ZEHN ) has announced that it will be increasing its dividend on the 13th of April to CHF1.80...Analysis Article • Jan 26
We Like These Underlying Return On Capital Trends At Zehnder Group (VTX:ZEHN)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Dec 28
When Should You Buy Zehnder Group AG (VTX:ZEHN)?
While Zehnder Group AG ( VTX:ZEHN ) might not be the most widely known stock at the moment, it saw significant share...Analysis Article • Dec 15
These 4 Measures Indicate That Zehnder Group (VTX:ZEHN) Is Using Debt Safely
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Oct 10
Should You Be Adding Zehnder Group (VTX:ZEHN) To Your Watchlist Today?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...Analysis Article • Sep 01
Zehnder Group (VTX:ZEHN) Might Have The Makings Of A Multi-Bagger
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Jun 30
We Think Zehnder Group (VTX:ZEHN) Can Manage Its Debt With Ease
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jun 10
Should You Be Adding Zehnder Group (VTX:ZEHN) To Your Watchlist Today?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 892 | 71 | 66 | 94 | 5 |
| 12/31/2027 | 839 | 62 | 56 | 83 | 5 |
| 12/31/2026 | 792 | 54 | 51 | 73 | 5 |
| 12/31/2025 | 763 | 46 | 63 | 80 | N/A |
| 9/30/2025 | 755 | 32 | 58 | 75 | N/A |
| 6/30/2025 | 746 | 18 | 53 | 69 | N/A |
| 3/31/2025 | 727 | 10 | 48 | 65 | N/A |
| 12/31/2024 | 708 | 2 | 43 | 61 | N/A |
| 9/30/2024 | 705 | 12 | 52 | 70 | N/A |
| 6/30/2024 | 702 | 23 | 60 | 80 | N/A |
| 3/31/2024 | 733 | 33 | 62 | 84 | N/A |
| 12/31/2023 | 765 | 43 | 65 | 88 | N/A |
| 9/30/2023 | 794 | 49 | 53 | 79 | N/A |
| 6/30/2023 | 823 | 54 | 42 | 70 | N/A |
| 3/31/2023 | 819 | 55 | 37 | 65 | N/A |
| 12/31/2022 | 815 | 55 | 32 | 59 | N/A |
| 9/30/2022 | 782 | 56 | 29 | 54 | N/A |
| 6/30/2022 | 750 | 56 | 25 | 49 | N/A |
| 3/31/2022 | 724 | 58 | 42 | 65 | N/A |
| 12/31/2021 | 699 | 60 | 58 | 80 | N/A |
| 9/30/2021 | 692 | 59 | 69 | 88 | N/A |
| 6/30/2021 | 684 | 59 | 80 | 97 | N/A |
| 3/31/2021 | 651 | 49 | 79 | 96 | N/A |
| 12/31/2020 | 619 | 39 | 79 | 95 | N/A |
| 9/30/2020 | 617 | 35 | 68 | 89 | N/A |
| 6/30/2020 | 616 | 30 | 58 | 83 | N/A |
| 3/31/2020 | 631 | 31 | 37 | 63 | N/A |
| 12/31/2019 | 646 | 31 | 17 | 43 | N/A |
| 9/30/2019 | 637 | 28 | N/A | 40 | N/A |
| 6/30/2019 | 628 | 25 | N/A | 37 | N/A |
| 3/31/2019 | 616 | 24 | N/A | 34 | N/A |
| 12/31/2018 | 604 | 23 | N/A | 31 | N/A |
| 9/30/2018 | 599 | 24 | N/A | 26 | N/A |
| 6/30/2018 | 594 | 24 | N/A | 22 | N/A |
| 3/31/2018 | 589 | 20 | N/A | 20 | N/A |
| 12/31/2017 | 585 | 15 | N/A | 19 | N/A |
| 9/30/2017 | 573 | 15 | N/A | 8 | N/A |
| 6/30/2017 | 561 | 15 | N/A | -2 | N/A |
| 3/31/2017 | 551 | 18 | N/A | 8 | N/A |
| 12/31/2016 | 541 | 20 | N/A | 18 | N/A |
| 9/30/2016 | 542 | 12 | N/A | 31 | N/A |
| 6/30/2016 | 543 | 4 | N/A | 45 | N/A |
| 3/31/2016 | 539 | 2 | N/A | 38 | N/A |
| 12/31/2015 | 534 | 0 | N/A | 32 | N/A |
| 9/30/2015 | 532 | 9 | N/A | 29 | N/A |
| 6/30/2015 | 531 | 19 | N/A | 27 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ZEHN's forecast earnings growth (13.9% per year) is above the savings rate (0.6%).
Earnings vs Market: ZEHN's earnings (13.9% per year) are forecast to grow faster than the Swiss market (10.9% per year).
High Growth Earnings: ZEHN's earnings are forecast to grow, but not significantly.
Revenue vs Market: ZEHN's revenue (5.3% per year) is forecast to grow faster than the Swiss market (4.9% per year).
High Growth Revenue: ZEHN's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ZEHN's Return on Equity is forecast to be low in 3 years time (19.9%).
Discover growth companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 23:10 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Zehnder Group AG is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Patrick Appenzeller | Baader Helvea Equity Research |
| Lucas Glemser | Berenberg |
| Fabian Piasta | Jefferies LLC |