FHZNZ Stock Overview

Owns and operates the Zurich Airport in Switzerland. More details

FHZNZ fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	2/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 20.4% below our estimate of its fair value

Earnings are forecast to grow 5.23% per year

Earnings have grown 14% per year over the past 5 years

Risk Analysis

Dividend of 2.46% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Flughafen Zürich AG Competitors

easyJet

LSE:EZJ

UK£4.3b

Jet2

AIM:JET2

UK£3.4b

International Distribution Services

LSE:IDS

UK£3.5b

International Consolidated Airlines Group

LSE:IAG

UK£14.7b

Price History & Performance

Summary of share price highs, lows and changes for Flughafen Zürich
Historical stock prices
Current Share Price	CHF 215.00
52 Week High	CHF 224.80
52 Week Low	CHF 172.10
Beta	1.06
1 Month Change	4.47%
3 Month Change	5.19%
1 Year Change	21.26%
3 Year Change	30.54%
5 Year Change	n/a
Change since IPO	164.62%

Recent updates

Shareholder Returns

	FHZNZ	GB Infrastructure	GB Market
7D	-0.8%	0.6%	-1.9%
1Y	21.3%	4.6%	2.6%

Return vs Industry: FHZNZ exceeded the UK Infrastructure industry which returned 4.6% over the past year.

Return vs Market: FHZNZ exceeded the UK Market which returned 2.6% over the past year.

Price Volatility

Is FHZNZ's price volatile compared to industry and market?
FHZNZ volatility
FHZNZ Average Weekly Movement	2.4%
Infrastructure Industry Average Movement	3.3%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.7%
10% least volatile stocks in GB Market	2.6%

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

Volatility Over Time: FHZNZ's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1986	2,049	Lukas Brosi	www.flughafen-zuerich.ch

Flughafen Zürich AG owns and operates the Zurich Airport in Switzerland. It operates through Aviation; Passengers with Reduced Mobility (PRM); User 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 PRM; 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?
FHZNZ fundamental statistics
Market cap	CHF 6.61b
Earnings (TTM)	CHF 317.90m
Revenue (TTM)	CHF 1.29b

20.8x

P/E Ratio

5.1x

P/S Ratio

Is FHZNZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FHZNZ income statement (TTM)
Revenue	CHF 1.29b
Cost of Revenue	CHF 471.60m
Gross Profit	CHF 819.10m
Other Expenses	CHF 501.20m
Earnings	CHF 317.90m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Jan 14, 2025

Earnings per share (EPS)	10.36
Gross Margin	63.46%
Net Profit Margin	24.63%
Debt/Equity Ratio	45.3%

How did FHZNZ perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

39%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 03:23
End of Day Share Price	2024/12/23 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Flughafen Zürich AG is covered by 31 analysts. 14 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
José Arroyas	Banco Santander
Vittorio Carelli	Banco Santander
Susanna Invernizzi	Barclays