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PLAZZA AG
(PLAN)
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Rating:68Neutral
Price Target:
CHF472.00
▲(9.51% Upside)
Action:Downgraded
Date:08/04/26
The score is driven primarily by solid financial performance (strong 2025 revenue growth and high reported profitability) but tempered by earnings-quality and cash-flow consistency concerns plus higher leverage than in prior years. Technical signals are somewhat weak (negative MACD, RSI below 50, and price below key short/medium moving averages). Valuation is reasonable with a mid-teens P/E and a ~2.3% dividend yield.
Positive Factors
Strong 2025 revenue acceleration
A substantial 2025 revenue acceleration indicates strengthening underlying demand for the company’s rental and development offerings. Durable top-line momentum provides capacity for reinvestment in projects, supports long-term rental growth trajectories, and underpins future earnings generation independent of short-term market swings.
Negative Factors
Marked rise in leverage since 2020
A meaningful increase in debt over a few years materially reduces financial flexibility compared with earlier low-leverage levels. Higher leverage raises interest and refinancing risk, constrains ability to fund opportunistic acquisitions or weather real-estate cycles, and makes returns more sensitive to cash-flow variability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong 2025 revenue acceleration
A substantial 2025 revenue acceleration indicates strengthening underlying demand for the company’s rental and development offerings. Durable top-line momentum provides capacity for reinvestment in projects, supports long-term rental growth trajectories, and underpins future earnings generation independent of short-term market swings.
Read all positive factors
PLAZZA AG (PLAN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF892.17M
Dividend Yield2.31%
Average Volume (3M)624.00
Price to Earnings (P/E)11.5
Beta (1Y)-0.04
Revenue Growth6.29%
EPS Growth39.64%
CountryCH
Employees22
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)37.45
Shares Outstanding1,827,000
10 Day Avg. Volume342
30 Day Avg. Volume624
Financial Highlights & Ratios
PEG Ratio0.72
Price to Book (P/B)1.09
Price to Sales (P/S)21.42
P/FCF Ratio31.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)11.05
Revenue Forecast (FY)CHF40.54M
PLAZZA AG Business Overview & Revenue Model
Company Description
Operating across Switzerland, Plazza AG handles the full scope of real estate activities, encompassing strategic planning, development, administration, and sales. The company's diverse property holdings include residential units, commercial facili...
How the Company Makes Money
PLAZZA AG primarily makes money through recurring rental income generated by leasing space in its investment property portfolio, with residential rents typically forming the core base of revenue. In addition, it can generate earnings from property...
PLAZZA AG Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.56M | 40.11M | 33.42M | 28.92M | 28.27M | 26.95M |
| Gross Profit | 36.51M | 39.21M | 30.57M | 25.24M | 26.13M | 26.14M |
| EBITDA | 96.42M | 75.86M | 62.05M | 21.21M | 20.41M | 20.59M |
| Net Income | 77.53M | 60.70M | 50.70M | 18.27M | 23.60M | 71.94M |
Balance Sheet | ||||||
| Total Assets | 1.36B | 1.29B | 1.15B | 1.02B | 953.52M | 890.76M |
| Cash, Cash Equivalents and Short-Term Investments | 2.09M | 1.31M | 34.49M | 1.51M | 1.98M | 2.63M |
| Total Debt | 367.33M | 327.53M | 249.66M | 157.60M | 94.40M | 47.20M |
| Total Liabilities | 555.12M | 498.87M | 403.11M | 308.10M | 245.51M | 191.86M |
| Stockholders Equity | 809.45M | 788.00M | 745.93M | 711.79M | 708.01M | 698.90M |
Cash Flow | ||||||
| Free Cash Flow | 25.97M | 27.05M | 17.49M | 21.46M | 17.56M | 22.13M |
| Operating Cash Flow | 26.12M | 27.20M | 17.64M | 21.53M | 17.59M | 22.15M |
| Investing Cash Flow | -63.02M | -118.06M | -60.16M | -70.71M | -50.95M | -75.31M |
| Financing Cash Flow | 35.84M | 57.67M | 75.50M | 48.71M | 32.71M | 34.78M |
PLAZZA AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | CHF892.17M | 11.54 | 6.24% | 2.30% | 6.29% | 39.64% | |
63 Neutral | CHF6.69B | 14.93 | ― | 2.74% | 44.13% | 9.13% | |
63 Neutral | CHF333.85M | 7.85 | ― | 3.65% | -0.75% | 38.54% | |
56 Neutral | CHF394.63M | 11.52 | ― | 3.52% | 5.76% | 15.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
CH:PLAN
PLAZZA AG
432.00
38.86
9.88%
CH:PSPN
PSP Swiss Property AG
146.20
16.45
12.68%
CH:EPH.EUR
EPH European Property Holdings Limited
17.00
-7.60
-30.89%
CH:NREN
Novavest Real Estate AG
39.50
1.05
2.72%
CH:FREN
Fundamenta Real Estate AG
17.25
0.04
0.21%
CH:SFPN
SF Urban Properties AG
101.50
6.71
7.08%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.