Obermatt

Flughafen Zürich

SWX:FHZN · CH0319416936
Transportation InfrastructureLarge

360

44
EV / EBIT47
Price / Owner Earnings15
Owner Earnings Yield49
Dividend Yield57
Price/Sales5
EV / Gross Profit28
Price/Book45
Return on Capital66
Cash Return on Capital51
Return on Equity57
EBIT Margin93
Gross Profitability62
Cash Conversion37
Accruals7
Owner Earnings Margin80
Sales growth49
Profit Growth69
Long-Term EPS Growth48
Owner Earnings Growth64
Reinvestment7
Price momentum34
Debt load79
Refinancing75
Debt Payback29
Liquidity96
Analyst ratings42
Opinion Changes71
Price Target Upside39
Market mood88
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Flughafen Zürich clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySwitzerland
IndustryTransportation Infrastructure
SizeLarge
TypePublic Company
ExchangeSWX
Founded1986
Employees922
ISINCH0319416936
Last UpdateApr 2, 2026
Themes
Freight ServiceBusiness TravelTourismTravel AccommodationsSecurity ManagementAerospaceAir TransportationManufacturingTravel

Description

Flughafen Zürich AG is primarily engaged in managing and operating airports while providing essential aviation infrastructure services. The companies encompasses both aviation and non-aviation revenues, reflecting its diversified revenue structure wh…

Analysis

Middle-of-the-road

Flughafen Zürich AG is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 65.1× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 22% yearly growth; analysts expect 2%. The market is pricing in far more than analysts expect: heroic expectations.

The trajectory is moderate and the balance sheet is sturdy. The company scores 10/20 on our value-creation score: creating some value.

What to watch: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
78
2023202420252026

All-time high

88

Sep 2023

All-time low

27

Oct 2025

Average rank

58

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
5
3
3
5
Price/Earnings
14
11
13
16
Price/Book
45
27
36
34
Dividend Yield
57
31
34
30
Value (overall)
10
3
8
4

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →