Flughafen Zürich AG

BATS-CHIXE:FHZNZ Stock Report

Market Cap: CHF 6.8b

Flughafen Zürich Valuation

Is FHZNZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FHZNZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CHF 253.45
Fair Value
14.0% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: FHZNZ (CHF218) is trading below our estimate of fair value (CHF253.45)

Significantly Below Fair Value: FHZNZ is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FHZNZ?

Key metric: As FHZNZ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FHZNZ. This is calculated by dividing FHZNZ's market cap by their current earnings.
What is FHZNZ's PE Ratio?
PE Ratio21x
EarningsCHF 317.90m
Market CapCHF 6.75b

Price to Earnings Ratio vs Peers

How does FHZNZ's PE Ratio compare to its peers?

The above table shows the PE ratio for FHZNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.9x
EZJ easyJet
8.4x9.3%UK£3.8b
IDS International Distribution Services
13.9x27.1%UK£3.5b
JET2 Jet2
6.5x-0.5%UK£3.3b
IAG International Consolidated Airlines Group
7x6.7%UK£16.3b
FHZNZ Flughafen Zürich
21x4.6%CHF 6.8b

Price-To-Earnings vs Peers: FHZNZ is expensive based on its Price-To-Earnings Ratio (21x) compared to the peer average (8.9x).

Price to Earnings Ratio vs Industry

How does FHZNZ's PE Ratio compare vs other companies in the European Infrastructure Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FHZNZ is expensive based on its Price-To-Earnings Ratio (21x) compared to the European Infrastructure industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is FHZNZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FHZNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21x
Fair PE Ratio13.7x

Price-To-Earnings vs Fair Ratio: FHZNZ is expensive based on its Price-To-Earnings Ratio (21x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FHZNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 218.00
CHF 231.94
+6.4%
10.3%CHF 270.00CHF 181.00n/a16
Jan ’26CHF 217.00
CHF 228.53
+5.3%
10.9%CHF 270.00CHF 181.00n/a15
Dec ’25CHF 209.80
CHF 221.00
+5.3%
12.1%CHF 265.00CHF 177.00n/a15
Nov ’25CHF 204.10
CHF 221.00
+8.3%
12.1%CHF 265.00CHF 177.00n/a15
Oct ’25CHF 200.90
CHF 222.81
+10.9%
12.0%CHF 265.00CHF 177.00n/a16
Sep ’25CHF 198.20
CHF 222.19
+12.1%
11.7%CHF 265.00CHF 177.00n/a16
Aug ’25CHF 203.60
CHF 223.63
+9.8%
11.7%CHF 265.00CHF 177.00n/a16
Jul ’25CHF 196.10
CHF 218.00
+11.2%
11.9%CHF 253.00CHF 177.00n/a16
Jun ’25CHF 192.30
CHF 214.69
+11.6%
11.5%CHF 253.00CHF 177.00n/a16
May ’25CHF 184.90
CHF 214.75
+16.1%
11.5%CHF 253.00CHF 177.00n/a16
Apr ’25CHF 203.60
CHF 211.50
+3.9%
13.5%CHF 253.00CHF 156.00n/a16
Mar ’25CHF 187.50
CHF 204.63
+9.1%
12.8%CHF 245.00CHF 156.00n/a16
Feb ’25CHF 177.20
CHF 203.53
+14.9%
13.0%CHF 245.00CHF 156.00CHF 219.4015
Jan ’25CHF 175.50
CHF 202.80
+15.6%
13.3%CHF 245.00CHF 156.00CHF 217.0015
Dec ’24CHF 186.70
CHF 203.07
+8.8%
13.2%CHF 245.00CHF 156.00CHF 209.8015
Nov ’24CHF 170.20
CHF 202.57
+19.0%
12.3%CHF 245.00CHF 156.00CHF 204.1014
Oct ’24CHF 175.40
CHF 199.40
+13.7%
12.1%CHF 245.00CHF 156.00CHF 200.9015
Sep ’24CHF 182.20
CHF 203.63
+11.8%
9.9%CHF 240.00CHF 170.00CHF 198.2016
Aug ’24CHF 184.90
CHF 197.67
+6.9%
9.2%CHF 234.00CHF 170.00CHF 203.6015
Jul ’24CHF 185.60
CHF 192.40
+3.7%
11.1%CHF 234.00CHF 160.00CHF 196.1015
Jun ’24CHF 174.70
CHF 187.21
+7.2%
10.3%CHF 230.00CHF 160.00CHF 192.3014
May ’24CHF 171.50
CHF 185.07
+7.9%
10.2%CHF 230.00CHF 160.00CHF 184.9014
Apr ’24CHF 168.20
CHF 184.80
+9.9%
10.4%CHF 230.00CHF 160.00CHF 203.6015
Mar ’24CHF 170.40
CHF 180.27
+5.8%
9.4%CHF 210.00CHF 160.00CHF 187.5015
Feb ’24CHF 167.90
CHF 178.53
+6.3%
8.6%CHF 210.00CHF 160.00CHF 177.2015
Analyst Price Target
Consensus Narrative from 16 Analysts
CHF 232.15
Fair Value
6.1% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/03 22:20
End of Day Share Price 2025/02/03 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 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 33 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vittorio CarelliBanco Santander
José ArroyasBanco Santander
Susanna InvernizziBarclays