V-ZUG Holding Ltd (VZUG) AI Stock Analysis

V-ZUG Holding Ltd

(Six Swiss:VZUG)

Select Model

Rating:58Neutral

Price Target:CHF 44.00▲(9.45% Upside)

Action:reiterated

Date:08/06/26

The score is primarily constrained by weakened profitability and negative free cash flow in the latest year, despite a very strong, debt-free balance sheet. Technicals are modestly supportive with price holding above major moving averages and neutral momentum indicators. Valuation is middle-of-the-road, with a moderate dividend yield but a P/E that looks demanding relative to current earnings strength.

Positive Factors

Debt-free balance sheetA zero-debt balance sheet materially reduces financial risk and gives V-ZUG durable flexibility to fund product development, aftermarket service expansion, or absorb cyclical downturns without refinancing. This supports long-term strategic optionality even if returns are currently muted.

Negative Factors

Very thin net marginA ~1.2% net margin leaves little buffer for shocks and limits retained earnings for reinvestment. Despite healthy gross margins, weak operating profitability reduces return on equity and constrains long-term capacity to scale marketing, service, or product innovation without eroding cash reserves.

V-ZUG Holding Ltd (VZUG) vs. iShares MSCI Switzerland ETF (EWL)

Market Cap: CHF 257.75M
Dividend Yield: 2.24%
Average Volume (3M): 1,527
Price to Earnings (P/E): 21.3
Beta (1Y): 0.91
Revenue Growth: 0.34%
EPS Growth: -14.45%
Country: Switzerland
Employees: 2,037
Sector: General
Sector Strength: 55
Industry: Furnishings, Fixtures & Appliances

V-ZUG Holding Ltd Business Overview & Revenue Model

Company Description

V-ZUG Holding AG specializes in the global production and distribution of a diverse range of household appliances, serving markets both within Switzerland and internationally. The firm's operations are distinctly segmented into two core areas: Househ...

How the Company Makes Money

V-ZUG makes money primarily by selling household appliances and associated services. 1) Core product sales (main revenue driver) - Kitchen appliances: Revenue is generated through the sale of built-in and freestanding kitchen products such as ovens,...

V-ZUG Holding Ltd Financial Statement Overview

Summary

Financial resilience is strong due to a debt-free balance sheet (low financial risk), but earnings power is weak: revenue has been flat to slightly down recently, net margin is thin (~1.2% in 2025), and free cash flow turned negative in 2025 after only slightly positive in 2024. Overall this points to stability in gross profitability but pressured operating leverage and inconsistent cash conversion.

Income Statement

46Neutral

Balance Sheet

86Very Positive

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	580.72M	567.40M	591.72M	585.42M	636.28M	640.72M
Gross Profit	209.27M	201.72M	211.04M	199.98M	114.70M	157.60M
EBITDA	47.11M	38.54M	56.26M	45.46M	41.99M	93.39M
Net Income	12.11M	6.80M	21.41M	11.69M	7.94M	55.43M
Balance Sheet
Total Assets	650.79M	628.90M	636.47M	619.51M	606.84M	616.11M
Cash, Cash Equivalents and Short-Term Investments	42.48M	60.10M	83.48M	80.95M	64.50M	117.28M
Total Debt	20.00M	0	0	0	0	0
Total Liabilities	164.56M	144.22M	150.14M	155.58M	153.03M	167.25M
Stockholders Equity	486.23M	484.70M	486.33M	463.93M	453.81M	448.85M
Cash Flow
Free Cash Flow	12.32M	-12.81M	1.33M	17.45M	-48.53M	9.02M
Operating Cash Flow	63.92M	41.33M	57.97M	80.45M	1.13M	63.53M
Investing Cash Flow	-59.87M	-56.69M	-56.17M	-62.26M	-53.36M	-54.48M
Financing Cash Flow	14.02M	-6.89M	0	-141.00K	77.00K	0

V-ZUG Holding Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

CH:VZUG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CH:GIVN	79Outperform	CHF 36.66B	29.42	―	1.81%	-1.75%	-12.84%
CH:CFR	66Neutral	CHF 97.29B	30.30	―	1.99%	2.39%	24.64%
CH:LISN	65Neutral	CHF 19.47B	27.09	―	2.09%	4.11%	13.82%
CH:VZUG	58Neutral	CHF 258.43M	21.27	―	2.24%	0.34%	-14.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
CH:BARN	50Neutral	CHF 6.54B	26.92	―	2.43%	9.39%	68.92%

* General Sector Average

Performance Comparison

CH:VZUG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
CH:VZUG	V-ZUG Holding Ltd	40.20	-0.98	-2.38%
CH:CFR	Compagnie Financiere Richemont	165.80	8.10	5.13%
CH:GIVN	Givaudan	3973.00	806.49	25.47%
CH:LISN	Chocoladefabriken Lindt & Spruengli AG	86200.00	-34730.84	-28.72%
CH:BARN	Barry Callebaut	1194.00	202.80	20.46%
CH:GMI	Groupe Minoteries SA	224.00	11.77	5.54%

V-ZUG Holding Ltd Corporate Events

V-ZUG lifts half-year earnings and backs growth strategy amid volatile markets

Jul 22, 2026

V-ZUG reported a solid first half of 2026, with net sales rising 4.9% to CHF 284.5 million and EBIT more than doubling to CHF 7.9 million, driven by stronger demand in Switzerland and robust OEM growth in North America. Higher volumes and efficiency...

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.

Date of analysis: Aug 06, 2026

V-ZUG Holding Ltd AI Stock Analysis