Want to see FLGZY full AI Analyst Report?
Top Page
Flughafen Zurich
(OTC:FLGZY)
Select Model
Select Model
Rating:67Neutral
Price Target:
$12.00
▲(4.17% Upside)
Action:Reiterated
Date:08/28/26
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.
Positive Factors
Passenger Growth and Airport Demand
Higher passenger volumes and flight activity support recurring aviation fees, retail spending, parking and food-and-beverage income. Continued traffic growth also strengthens Zurich’s position as a major international hub.
Negative Factors
Lower Airport Charges
A structural reduction in regulated airport charges can limit aeronautical revenue and pricing power even if passenger volumes grow. This creates lasting pressure on margins and makes non-aviation growth increasingly important to preserve earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Passenger Growth and Airport Demand
Higher passenger volumes and flight activity support recurring aviation fees, retail spending, parking and food-and-beverage income. Continued traffic growth also strengthens Zurich’s position as a major international hub.
Read all positive factors
Flughafen Zurich (FLGZY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.78B
Dividend Yield4.31%
Average Volume (3M)152.00
Price to Earnings (P/E)21.0
Beta (1Y)0.39
Revenue Growth14.04%
EPS Growth13.40%
CountryUS
Employees2,479
SectorIndustrials
Sector Strength72
IndustryGeneral Transportation
Share Statistics
EPS (TTM)0.45
Shares Outstanding767,550,000
10 Day Avg. Volume0
30 Day Avg. Volume152
Financial Highlights & Ratios
PEG Ratio34.61
Price to Book (P/B)2.38
Price to Sales (P/S)5.76
P/FCF Ratio54.26
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 segment...
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 ai...
Flughafen Zurich Earnings Call Summary
Earnings Call Date:Aug 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 05, 2027
Earnings Call Sentiment Positive
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.Positive Updates
Strong Half-Year Financial Performance
Record half-year: revenues +5% to CHF 674 million, EBITDA +4% to CHF 374 million, and net profit +1% to CHF 164 million. EBITDA margin remained stable at 56%.
Negative Updates
Middle East Geopolitical Impact
Temporary weakness in traffic to/from the Middle East: passenger numbers on Middle East routes declined around 30% year-on-year, creating volatility and reduced visibility for short-term demand.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Half-Year Financial Performance
Record half-year: revenues +5% to CHF 674 million, EBITDA +4% to CHF 374 million, and net profit +1% to CHF 164 million. EBITDA margin remained stable at 56%.
Read all positive 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
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
69
Positive
| 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 | 780.20M | 735.19M | 731.30M | 679.50M | 536.30M | 292.70M |
| 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
Negative
11.52
Price Trends
11.58
Negative
11.63
Negative
12.00
Negative
Market Momentum
-0.36
Positive
27.94
Positive
3.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLGZY, the sentiment is Negative. The current price of 11.52 is above the 20-day moving average (MA) of 11.10, below the 50-day MA of 11.58, and below the 200-day MA of 12.00, indicating a bearish trend. The MACD of -0.36 indicates Positive momentum. The RSI at 27.94 is Positive, neither overbought nor oversold. The STOCH value of 3.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FLGZY.
Flughafen Zurich Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $7.71B | 13.15 | 31.71% | 8.24% | 23.46% | -12.16% | |
76 Outperform | $4.87B | 14.99 | 50.53% | 5.21% | 13.97% | 14.66% | |
71 Outperform | $12.42B | 17.55 | 39.76% | 5.63% | 16.80% | 17.58% | |
68 Neutral | $27.71B | 12.73 | 20.27% | 1.74% | 13.24% | -1.27% | |
67 Neutral | $7.78B | 20.98 | 11.37% | 3.87% | 14.04% | 13.40% | |
67 Neutral | $3.95B | 14.24 | 16.62% | ― | 16.22% | 102.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
FLGZY
Flughafen Zurich
10.23
-1.82
-15.08%
OMAB
Grupo Aeroportuario Del Centro
99.21
-4.05
-3.92%
PAC
Grupo Aeroportuario del Pacifico
208.29
-41.64
-16.66%
ASR
Grupo Aeroportuario del Sureste
257.03
-61.29
-19.26%
RYAAY
Ryanair Holdings
54.70
-5.14
-8.59%
CAAP
Corporacion America Airports SA
24.21
3.59
17.40%
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.