Flughafen Zuerich AG FHZN

Morningstar Rating
CHF 201.60 +1.80 (0.90%)
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Company Report

Price vs Fair Value

FHZN is trading at a LOCK|$JL premium.
Price
CHF 199.80
Fair Value
!<!
Uncertainty
LOCK|>Ty<
1-Star Price
LOCK|B.@
5-Star Price
!^^
Economic Moat
LOCK|^K
Capital Allocation
LOCK|WfB!mX

Bulls Say, Bears Say

Bulls

With upcoming changes to airport charges settled and Noida International Airport commencing operations imminently, near-term uncertainty should dissipate.

Bears

Noida International Airport represents a step into the unknown for Flughafen Zurich, and it has already been beset by delays.

News

Trading Information

Previous Close Price
CHF 199.80
Day Range
CHF 198.80–202.00
52-Week Range
CHF 186.40–266.60
Bid/Ask
CHF 201.60 / CHF 201.80
Shares Outstanding
30.70M
Market Cap
CHF 6.19B
Volume/Avg
17,000 / 52,636

Key Statistics

Price/Earnings (Normalized)
17.14
Price/Sales
4.40
Dividend Yield (Trailing)
4.25%
Dividend Yield (Forward)
4.25%
Dividend Payment Schedule
Apr
Total Yield
4.27%

Company Profile

Flughafen Zurich owns and operates Zurich Airport, Switzerland’s main international hub, as well as select overseas airport concessions, including Noida International Airport in the Delhi Metropolitan Area. Zurich Airport operates under a hybrid-till regime, whereby 30% of the economic added value from commercial activities must be used as a transfer payment to subsidize the costs of the regulated business. The Swiss business is split into regulated aviation activities (airport charges, security, and passenger-related fees) and nonregulated commercial activities (retail, F&B, parking advertising, rental agreements, and energy services). In 2024, nonregulated businesses contributed 55% of the group’s operating profit, despite generating only 40% of the group’s total sales.
Sector
Industrials
Industry
Airports & Air Services
Stock Style Box
Mid Core
Total Number of Employees
2,746

Competitors

Valuation

Metric
FHZN
ADP
AENA
Price/Earnings (Normalized)
17.1418.5218.75
Price/Book Value
2.022.564.68
Price/Sales
4.401.634.84
Price/Cash Flow
9.057.3413.53
Price/Earnings
FHZN
ADP
AENA

Financial Strength

Metric
FHZN
ADP
AENA
Quick Ratio
1.480.961.12
Current Ratio
1.521.261.13
Interest Coverage
16.444.1013.08
Quick Ratio
FHZN
ADP
AENA

Profitability

Metric
FHZN
ADP
AENA
Return on Assets (Normalized)
6.43%3.24%16.41%
Return on Equity (Normalized)
11.60%15.67%33.51%
Return on Invested Capital (Normalized)
7.70%5.26%19.40%
Return on Assets
FHZN
ADP
AENA

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