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Flughafen Zurich (FLGZY) AI Stock Analysis
Flughafen Zurich
(Other OTC:FLGZY)
The score is driven primarily by strong financial performance (high profitability and solid operating cash flow with moderate leverage). It is held back by weak technical trends (price below key moving averages and negative MACD) and earnings-call guidance indicating near-term profit and dividend pressure from lower airport charges, heavy investment, and Noida’s ramp-up drag.
Flughafen Zurich (FLGZY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $7.10B
- Dividend Yield
- 4.47%
- Average Volume (3M)
- 119
- Price to Earnings (P/E)
- 17.9
- Beta (1Y)
- 0.37
- Revenue Growth
- 14.04%
- EPS Growth
- 13.40%
- Country
- US
- Employees
- 2,479
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- General Transportation
Flughafen Zurich Business Overview & Revenue Model
Company Description
Flughafen Zürich AG owns and operates the Zurich Airport in Switzerland. The company operates through Aviation; Passengers with Reduced Mobility (PRM); Usage Fees; Air Security; Access Fees; Noise; Non-Regulated Business; and International segments....
How the Company Makes Money
Flughafen Zürich AG generates revenue from a mix of aviation and non-aviation activities tied to operating Zurich Airport and monetizing its land and facilities. 1) Aviation (airport operations) revenue: The company earns fees and charges from airlin...
Flughafen Zurich Earnings Call Summary
The call presents a largely positive operational and strategic picture: record H1 financials, continued passenger growth in Zurich, strong performance in Brazil, successful opening of Noida and clear long-term targets. However, meaningful near-term challenges were highlighted, notably the slower ramp-up and short-term negative contribution from Noida, construction-related disruption to landside commercial revenues, geopolitical uncertainty (Middle East) affecting traffic, and guidance for lower consolidated profit and potential dividend reduction. On balance, the positive operational momentum, strategic clarity and financial resilience outweigh the near-term headwinds.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Zurich Airport's guidance was for modest near‑term growth but some profit pressure: Zurich passenger growth is expected at ~3% for 2026 (while Noida is guided at ~1 million passengers in 2026), aviation revenue should remain broadly stable despite a ~10% reduction in airport charges from 1 Oct 2026, non‑aviation revenue is expected to be higher (commercial sideways, real‑estate slightly up), EBITDA for 2026 is expected to be roughly flat year‑on‑year while consolidated profit is forecast to be lower than 2025, and Noida is expected to be EBITDA‑negative in 2026 but reach breakeven in 2027 (with roughly CHF 80m of additional annual depreciation and financing costs once fully ramped); 2026 investments are guided at ~CHF 400m in Zurich and ~CHF 100m at subsidiaries abroad, net leverage is expected to remain below the 2.5x dividend‑policy trigger (current ~2.1x), and longer‑term targets to 2040 include revenues >CHF 3.0bn (CAGR >5%), group ROIC >8%, International contributing materially (up to ~50% of revenue/EBITDA), and net‑zero Scope 1+2 emissions by 2040.
Flughafen Zurich Financial Statement Overview
Summary
Strong profitability and a clear post-2020 recovery support the score (net margins ~24–25% in 2023–2024; net income >300M in 2023–2025). Balance sheet leverage is moderate with meaningful equity support, though debt rose in 2025. The main offset is free cash flow volatility and periods where FCF lags earnings, reflecting a heavy investment cycle.
Income Statement
78PositiveBalance Sheet
74PositiveCash Flow
69Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.39B | 1.30B | 1.33B | 1.24B | 1.02B | 680.00M |
| Gross Profit | 723.80M | 537.69M | 707.10M | 476.40M | 339.80M | 77.40M |
| EBITDA | 785.52M | 735.19M | 731.30M | 679.50M | 536.30M | 298.90M |
| Net Income | 347.37M | 330.92M | 326.70M | 304.20M | 207.00M | -10.10M |
Balance Sheet | ||||||
| Total Assets | 5.60B | 5.58B | 5.20B | 5.12B | 5.22B | 5.00B |
| Cash, Cash Equivalents and Short-Term Investments | 267.10M | 422.68M | 397.60M | 601.90M | 722.40M | 575.90M |
| Total Debt | 1.79B | 1.69B | 1.48B | 1.57B | 1.92B | 1.89B |
| Total Liabilities | 2.56B | 2.43B | 2.24B | 2.31B | 2.54B | 2.59B |
| Stockholders Equity | 3.04B | 3.15B | 2.97B | 2.80B | 2.68B | 2.41B |
Cash Flow | ||||||
| Free Cash Flow | 169.87M | 138.00M | 75.40M | 253.10M | 281.80M | 49.80M |
| Operating Cash Flow | 724.33M | 652.87M | 641.60M | 680.60M | 475.20M | 218.50M |
| Investing Cash Flow | -599.94M | -898.31M | -344.10M | -170.00M | -569.80M | -86.60M |
| Financing Cash Flow | -194.86M | 89.30M | -267.20M | -469.10M | -54.50M | -84.50M |
Flughafen Zurich Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLGZY, the sentiment is Neutral. The current price of 9.87 is above the 20-day moving average (MA) of 9.43, above the 50-day MA of 9.85, and below the 200-day MA of 11.50, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 58.69 is Neutral, neither overbought nor oversold. The STOCH value of 99.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FLGZY.
Flughafen Zurich Peers Comparison
Overall Rating
CPA76Outperform
CAAP71Outperform- FLGZY67Neutral
SKYW66Neutral
AAL41Neutral
ALK41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| CPA | 76Outperform | $5.30B | 8.47 | 22.40% | 5.23% | 14.80% | -1.39% |
| CAAP | 71Outperform | $3.87B | 13.96 | 16.62% | 3.89% | 16.22% | 102.59% |
| FLGZY | 67Neutral | $7.56B | 17.87 | 11.28% | 4.47% | 14.04% | 13.40% |
| SKYW | 66Neutral | $3.20B | 7.86 | 14.95% | ― | 7.03% | -2.69% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| AAL | 41Neutral | $8.35B | -17.26 | 12.03% | ― | 12.32% | -179.51% |
| ALK | 41Neutral | $3.99B | -10.12 | -10.50% | ― | 8.23% | -370.75% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FLGZY | Flughafen Zurich AG Unsponsored ADR | 9.87 | -1.85 | -15.77% | |
| ALK | Alaska Air Group | 35.71 | -5.36 | -13.05% | |
| CPA | Copa Holdings S.A. | 128.92 | 9.41 | 7.87% | |
| SKYW | SkyWest Inc | 82.33 | -18.22 | -18.12% | |
| AAL | American Airlines Group Inc | 12.60 | -0.74 | -5.55% | |
| CAAP | Corporacion America Airports | 23.74 | 2.47 | 11.63% |
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 28, 2026