Flughafen Zürich AG

SWX:FHZN Stock Report

Market Cap: CHF 7.6b

Flughafen Zürich Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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 FHZN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: FHZN (CHF247) is trading above our estimate of future cash flow value (CHF177.98)

Significantly Below Future Cash Flow Value: FHZN is trading above our estimate of future cash flow value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FHZN. This is calculated by dividing FHZN's market cap by their current earnings.
What is FHZN's PE Ratio?
PE Ratio21.9x
EarningsCHF 346.50m
Market CapCHF 7.58b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FHZN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.8x
KNIN Kuehne + Nagel International
29.8x10.06%CHF 24.9b
JFN Jungfraubahn Holding
19.1x2.99%CHF 1.5b
ASUR B Grupo Aeroportuario del Sureste S. A. B. de C. V
15x12.91%Mex$146.5b
FRA Fraport
15.2x4.78%€6.5b
FHZN Flughafen Zürich
21.9x1.46%CHF 7.6b

Price-To-Earnings vs Peers: FHZN is expensive based on its Price-To-Earnings Ratio (21.9x) compared to the peer average (19.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FHZN 21.9xIndustry Avg. 18.5xNo. of Companies8PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FHZN is expensive based on its Price-To-Earnings Ratio (21.9x) compared to the European Infrastructure industry average (18.7x).

Price to Earnings Ratio vs Fair Ratio

What is FHZN'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.

FHZN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.9x
Fair PE Ratio21.9x

Price-To-Earnings vs Fair Ratio: FHZN is good value based on its Price-To-Earnings Ratio (21.9x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).

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 FHZN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 247.00
CHF 254.76
+3.14%
7.48%CHF 283.00CHF 222.00n/a17
Jul ’27CHF 249.80
CHF 254.12
+1.73%
7.55%CHF 283.00CHF 222.00n/a17
Jun ’27CHF 230.40
CHF 252.56
+9.62%
7.79%CHF 283.00CHF 221.00n/a18
May ’27CHF 221.60
CHF 253.11
+14.22%
7.31%CHF 283.00CHF 221.00n/a18
Apr ’27CHF 252.80
CHF 252.88
+0.033%
6.59%CHF 283.00CHF 223.00n/a17
Mar ’27CHF 264.00
CHF 250.94
-4.95%
9.21%CHF 286.00CHF 200.00n/a17
Feb ’27CHF 239.60
CHF 252.18
+5.25%
8.85%CHF 280.00CHF 200.00n/a17
Jan ’27CHF 251.80
CHF 252.88
+0.43%
8.28%CHF 280.00CHF 212.00n/a16
Dec ’26CHF 241.60
CHF 250.63
+3.74%
8.48%CHF 280.00CHF 212.00n/a16
Nov ’26CHF 237.20
CHF 251.00
+5.82%
8.63%CHF 280.00CHF 212.00n/a16
Oct ’26CHF 240.40
CHF 248.88
+3.53%
8.60%CHF 280.00CHF 212.00n/a16
Sep ’26CHF 244.40
CHF 248.93
+1.85%
8.83%CHF 280.00CHF 200.00n/a14
Aug ’26CHF 230.00
CHF 233.93
+1.71%
7.83%CHF 270.00CHF 200.00n/a14
Jul ’26CHF 225.80
CHF 237.07
+4.99%
8.82%CHF 270.00CHF 200.00CHF 249.8015
Jun ’26CHF 228.00
CHF 230.69
+1.18%
10.49%CHF 270.00CHF 181.00CHF 230.4016
May ’26CHF 207.40
CHF 230.69
+11.23%
10.49%CHF 270.00CHF 181.00CHF 221.6016
Apr ’26CHF 210.80
CHF 232.38
+10.23%
9.98%CHF 270.00CHF 181.00CHF 252.8016
Mar ’26CHF 221.60
CHF 233.25
+5.26%
10.41%CHF 270.00CHF 181.00CHF 264.0016
Feb ’26CHF 220.00
CHF 231.94
+5.43%
10.26%CHF 270.00CHF 181.00CHF 239.6016
Jan ’26CHF 217.60
CHF 228.53
+5.02%
10.86%CHF 270.00CHF 181.00CHF 251.8015
Dec ’25CHF 209.40
CHF 221.00
+5.54%
12.06%CHF 265.00CHF 177.00CHF 241.6015
Nov ’25CHF 205.20
CHF 221.00
+7.70%
12.06%CHF 265.00CHF 177.00CHF 237.2015
Oct ’25CHF 201.20
CHF 222.81
+10.74%
12.01%CHF 265.00CHF 177.00CHF 240.4016
Sep ’25CHF 198.50
CHF 222.19
+11.93%
11.69%CHF 265.00CHF 177.00CHF 244.4016
Aug ’25CHF 203.40
CHF 223.63
+9.94%
11.69%CHF 265.00CHF 177.00CHF 230.0016
Jul ’25CHF 196.10
CHF 218.00
+11.17%
11.86%CHF 253.00CHF 177.00CHF 225.8016
CHF 254.76
Fair Value
3.0% undervalued intrinsic discount
17
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 Analysis2026/07/13 05:36
End of Day Share Price 2026/07/13 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Flughafen Zürich AG is covered by 27 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
José ArroyasBanco Santander
Susanna InvernizziBarclays
Andrew LobbenbergBarclays