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Flughafen Zürich AG (FHZN.SW)

CHF239.60 -7.40 (-3.00%)
CH SIX Industrials Airlines, Airports & Air Services
Address Zurich Airport 8058
Zurich, CH
CEO Lukas Brosi
IPO 2000-04-17
ISIN CH0319416936

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Also trades on London Stock Exchange · 0RG6.L (CHF) Other OTC · FLGZY (USD) Other OTC · UZAPF (USD) Swiss Exchange · FHZN.SW (CHF)
Description

Flughafen Zürich AG, based in Zurich, Switzerland, is the owner and operator of Zurich Airport. The company is responsible for delivering all crucial infrastructure and an extensive range of services required for smooth flight operations. This includes maintaining the runway network, managing aircraft apron areas, providing passenger zones within terminals, handling cargo, offering passenger assistance (including support for those with reduced mobility), and guaranteeing overall operational safety. Their duties also cover check-in facilities, sophisticated baggage sorting and handling systems, aircraft power provision, and various other ground support services. A core component of their function involves implementing robust security measures for both passengers and aircraft. This entails deploying and maintaining systems specifically designed to counteract threats to commercial civil aviation, primarily through rigorous screening of individuals, carry-on bags, checked luggage, and freight. Their security mandate also extends to overseeing air security equipment, its ongoing upkeep, and airport law enforcement tasks such as surveillance patrols. Beyond aviation, Flughafen Zürich AG actively develops, promotes, and operates the comprehensive commercial infrastructure at Zurich Airport. This encompasses a diverse portfolio including retail outlets, food and beverage services, property leasing, parking facilities, and various other commercial amenities. They also manage shopping centers, service hubs, and a range of leisure and entertainment offerings. The company was established in 2000.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CHF239.60 -7.40 (-3.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
52.8K
Beta
0.56
Float Shares
18.80M
Free Float %
61.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.46% +3.86% +6.95% -10.23% -1.09% -7.49% +3.95% +35.66% +48.22% +36.60% +250.85%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
239.60
DCF (Unlevered) 591.77 +147.0%
DCF (Levered) 410.18 +71.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 37% Bullish
Rating 2026-05 Change
Strong Buy 3 +1
Buy 4 +1
Hold 10 0
Sell 2 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.65
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Airlines, Airports & Air Services: +6.5%
    +2.6% Q4'25: +9.2% (vs Q4'23)
  • EPS growth Airlines, Airports & Air Services: +12.5%
    +6.1% Q4'25: +11.5% (vs Q4'23)
  • FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%
    +27.9% Q4'25: +14.4% (vs Q4'23)
  • EBIT margin Airlines, Airports & Air Services: +10.3%
    +36.2% Q4'25: +37.3% (vs Q4'23)
  • ROIC Airlines, Airports & Air Services: +6.0%
    +8.9% Q4'25: +19.4% (vs Q4'23)
  • Share dilution Airlines, Airports & Air Services: +0.0%
    +0.0% Q4'25: 0.0% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×
    2.20× Q4'25: 1.03× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.55) × ERP
WACC = 81% × Ke + 19% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 591.77 Current price: 239.60
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2001
actual
Dec 2002
actual
Dec 2003
actual
Dec 2004
actual
Dec 2005
actual
Dec 2006
actual
Dec 2007
actual
Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
17 Rev. Ana.
15 EPS Ana.
Dec 2027
17 Rev. Ana.
15 EPS Ana.
Dec 2028
13 Rev. Ana.
8 EPS Ana.
Dec 2029
12 Rev. Ana.
6 EPS Ana.
Dec 2030
6 Rev. Ana.
6 EPS Ana.
Revenue
561.64M
est.
562.70M
est.
553.66M
est.
644.95M
est.
702.23M
est: 670.96M (+4.7%)
737.11M
est: 747.98M (-1.5%)
802.87M
est: 802.62M (+0.0%)
855.10M
est: 865.04M (-1.1%)
820.21M
est: 831.37M (-1.3%)
862.99M
est: 862.99M (+0.0%)
905.40M
est: 905.40M (+0.0%)
948.82M
est: 957.92M (-0.9%)
975.09M
est: 984.52M (-1.0%)
963.48M
est: 967.94M (-0.5%)
988.97M
est: 988.63M (+0.0%)
1.01B
est: 1.01B (+0.3%)
1.04B
est: 1.04B (-0.1%)
1.15B
est: 1.15B (+0.6%)
1.21B
est: 1.20B (+1.0%)
623.97M
est: 588.05M (+6.1%)
680.00M
est: 715.31M (-4.9%)
1.02B
est: 1.01B (+1.8%)
1.24B
est: 1.29B (-4.2%)
1.33B
est: 1.33B (-0.1%)
1.36B
est: 1.36B (+0.2%)
1.41B
1.38B – 1.46B
+4.0% YoY
1.44B
1.38B – 1.50B
+2.1% YoY
1.52B
1.52B – 1.52B
+5.3% YoY
1.65B
1.59B – 1.71B
+8.5% YoY
1.76B
1.70B – 1.83B
+6.8% YoY
EBITDA
263.80M
est.
100.99M
est.
89.83M
est.
104.61M
est.
351.78M
est: 116.93M (+200.8%)
377.03M
est: 202.56M (+86.1%)
417.49M
est: 244.98M (+70.4%)
427.44M
est: 309.97M (+37.9%)
511.61M
est: 232.48M (+120.1%)
437.13M
est: 475.57M (-8.1%)
469.72M
est: 310.99M (+51.0%)
395.20M
est: 353.48M (+11.8%)
525.14M
est: 379.86M (+38.2%)
522.37M
est: 368.88M (+41.6%)
546.65M
est: 482.83M (+13.2%)
579.63M
est: 450.85M (+28.6%)
619.76M
est: 549.69M (+12.7%)
562.84M
est: 644.40M (-12.7%)
645.18M
est: 550.64M (+17.2%)
191.09M
est: 340.72M (-43.9%)
273.10M
est: 512.60M (-46.7%)
536.30M
est: 617.32M (-13.1%)
679.50M
est: 886.52M (-23.4%)
704.00M
est: 1.10B (-36.2%)
769.80M
est: 932.58M (-17.5%)
969.41M
945.67M – 1.00B
+4.0% YoY
990.23M
946.19M – 1.03B
+2.1% YoY
1.04B
1.04B – 1.05B
+5.3% YoY
1.13B
1.09B – 1.17B
+8.5% YoY
1.21B
1.17B – 1.25B
+6.8% YoY
EBIT
189.94M
est.
7.71M
est.
67.99M
est.
97.62M
est.
163.03M
est: 124.42M (+31.0%)
185.23M
est: 195.09M (-5.1%)
246.53M
est: 203.24M (+21.3%)
240.53M
est: 247.03M (-2.6%)
213.16M
est: 224.99M (-5.3%)
245.73M
est: 223.67M (+9.9%)
269.30M
est: 260.69M (+3.3%)
204.14M
est: 293.76M (-30.5%)
299.81M
est: 176.67M (+69.7%)
292.94M
est: 296.91M (-1.3%)
253.37M
est: 305.48M (-17.1%)
338.21M
est: 280.45M (+20.6%)
375.01M
est: 345.46M (+8.6%)
318.63M
est: 376.83M (-15.4%)
406.58M
est: 342.96M (+18.6%)
-56.73M
est: 220.92M (-125.7%)
15.70M
est: 332.37M (-95.3%)
267.80M
est: 400.27M (-33.1%)
392.70M
est: 776.09M (-49.4%)
431.80M
est: 744.48M (-42.0%)
492.20M
est: 816.41M (-39.7%)
848.66M
827.87M – 876.92M
+4.0% YoY
866.88M
828.33M – 903.35M
+2.1% YoY
913.20M
910.99M – 915.41M
+5.3% YoY
990.53M
956.28M – 1.03B
+8.5% YoY
1.06B
1.02B – 1.10B
+6.8% YoY
Net Income
118.86M
est.
-36.27M
est.
7.97M
est.
4.43M
est.
59.12M
est: 18.00M (+228.5%)
87.45M
est: 65.88M (+32.7%)
130.68M
est: 93.78M (+39.3%)
121.31M
est: 140.87M (-13.9%)
190.61M
est: 116.58M (+63.5%)
138.52M
est: 199.96M (-30.7%)
170.91M
est: 146.95M (+16.3%)
94.73M
est: 176.90M (-46.4%)
137.08M
est: 97.33M (+40.8%)
205.80M
est: 134.79M (+52.7%)
179.64M
est: 213.39M (-15.8%)
247.73M
est: 183.44M (+35.0%)
285.23M
est: 253.68M (+12.4%)
237.83M
est: 316.22M (-24.8%)
309.14M
est: 249.80M (+23.8%)
-69.13M
est: 169.41M (-140.8%)
-10.10M
est: 254.88M (-104.0%)
207.00M
est: 289.70M (-28.5%)
304.20M
est: 317.90M (-4.3%)
326.70M
est: 336.20M (-2.8%)
346.50M
est: 346.50M (+0.0%)
317.68M
299.13M – 351.48M
-8.3% YoY
302.96M
281.52M – 345.11M
-4.6% YoY
337.64M
322.31M – 392.59M
+11.4% YoY
406.32M
388.05M – 426.25M
+20.3% YoY
407.14M
388.84M – 427.11M
+0.2% YoY
SGA
176.84M
est.
159.20M
est.
165.30M
est.
195.82M
est.
55.01M
est: 169.78M (-67.6%)
68.47M
est: 192.30M (-64.4%)
68.53M
est: 196.37M (-65.1%)
41.58M
est: 216.42M (-80.8%)
62.73M
est: 186.45M (-66.4%)
219.54M
est: 206.26M (+6.4%)
39.13M
est: 206.69M (-81.1%)
47.21M
est: 253.08M (-81.3%)
43.68M
est: 394.36M (-88.9%)
42.13M
est: 265.55M (-84.1%)
39.91M
est: 280.64M (-85.8%)
39.90M
est: 259.43M (-84.6%)
43.48M
est: 289.22M (-85.0%)
51.11M
est: 323.17M (-84.2%)
49.43M
est: 327.29M (-84.9%)
45.35M
est: 170.40M (-73.4%)
39.90M
est: 256.37M (-84.4%)
49.60M
est: 308.74M (-83.9%)
56.10M
est: 65.53M (-14.4%)
65.40M
est: 310.88M (-79.0%)
70.80M
est: 68.93M (+2.7%)
71.65M
69.90M – 74.04M
+4.0% YoY
73.19M
69.94M – 76.27M
+2.1% YoY
77.10M
76.92M – 77.29M
+5.3% YoY
83.63M
80.74M – 86.79M
+8.5% YoY
89.33M
86.24M – 92.70M
+6.8% YoY
EPS
2.61
est.
0.58
est.
-0.67
est.
1.04
est.
2.40
est: 0.89 (+169.5%)
3.07
est: 2.83 (+8.6%)
4.26
est: 3.86 (+10.4%)
3.96
est: 4.60 (-13.8%)
6.24
est: 4.14 (+50.9%)
4.51
5.53
3.10
est: 5.61 (-44.8%)
4.47
est: 5.21 (-14.1%)
6.71
est: 6.66 (+0.8%)
5.85
est: 7.19 (-18.6%)
8.07
est: 7.89 (+2.3%)
9.29
est: 8.58 (+8.2%)
7.75
est: 8.91 (-13.0%)
10.07
est: 9.67 (+4.1%)
-2.25
est: -3.01 (+25.3%)
-0.33
est: -0.57 (+41.8%)
6.74
est: 5.29 (+27.4%)
9.91
est: 10.36 (-4.3%)
10.64
est: 10.83 (-1.8%)
11.29
est: 11.08 (+1.8%)
10.34
9.74 – 11.45
-6.7% YoY
9.92
9.17 – 11.24
-4.1% YoY
11.29
10.50 – 12.79
+13.8% YoY
13.23
12.64 – 13.88
+17.2% YoY
13.26
12.66 – 13.91
+0.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 4/5 4/5 5/5 2/5 2/5 3/5
2026-05-28 A- 4/5 4/5 4/5 5/5 2/5 2/5 3/5
2026-05-27 A- 4/5 4/5 4/5 5/5 2/5 2/5 3/5
2026-05-26 A- 4/5 4/5 4/5 5/5 2/5 2/5 3/5
2026-05-22 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-05-21 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-05-20 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-05-19 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-18 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-15 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-13 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-12 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-11 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-08 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-07 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-05-06 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-05-05 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-05-04 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-30 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-29 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-28 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-27 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-24 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-23 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-22 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-21 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-20 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-17 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-15 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.51B
OE per share TTM
49.23
Owner's Yield
20.78%
Maintenance CapEx ratio
56.82%
Maint CapEx / Avg PPE
284.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
279.0K
Shares Outstanding
30.70M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Lukas Brosi Chief Executive Officer & Member of Management Board 1M male
Daniel Bircher MD of Zurich Airport International, Chief International Officer & Member of Management Board male
Kevin Fleck Chief Financial Officer & Member of Management Board male
Lydia Naef Chief Real Estate Officer & Member of Executive Board female
Stefan Gross Chief Commercial Officer & Member of Management Board male
Stefan Tschudin Chief Operating Officer & Member of Management Board male
Stefan Weber Head of Financial Services male
Britta Muller-Ganz General Secretary female
Thomas Müller Head of Master Planning male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits