BVZ Holding AG/Fr. BVZN
1D1W1MYTD1Y5YMAX
Capital at risk
About BVZ Holding AG
BVZ Holding AG, headquartered in Brig, Switzerland, operates public transport and tourism services in the Swiss alpine regions. Its core activities include managing the Matterhorn Gotthard Railway, which connects Disentis and Göschenen to Zermatt, and operating the Gornergrat Bahn, a mountain railway offering panoramic views. The company also provides the Täsch–Zermatt train shuttle, car transport services at the Furka Pass, and freight transport between Visp and Zermatt. Additionally, BVZ Holding is a key partner in the Glacier Express, a renowned scenic train journey. Founded in 1891, the company employs approximately 694 staff and reported revenues of CHF 205.16 million in 2024.
- Ticker
- Fr. BVZN
- Sector
- Mobility
- Primary listing
- XSWX
- Employees
- 695
- Headquarters
- Brig, Switzerland
- Website
- www.bvzholding.ch
BVZ Holding AG Metrics
BasicAdvanced
CHF 310M
9.50
CHF 163.15
-0.08
CHF 30.00
1.94%
Price and volume
Market cap
CHF 310M
Beta
-0.08
52-week high
CHF 1,890.00
52-week low
CHF 1,030.00
Average daily volume
60
Dividend rate
CHF 30.00
Financial strength
Current ratio
1.892
Quick ratio
1.64
Long term debt to equity
1.268
Total debt to equity
1.33
Dividend payout ratio (TTM)
11.03%
Interest coverage (TTM)
8.72%
Profitability
EBITDA (TTM)
77.739
Gross margin (TTM)
38.91%
Net profit margin (TTM)
14.35%
Operating margin (TTM)
19.96%
Effective tax rate (TTM)
13.70%
Revenue per employee (TTM)
CHF 320,000
Management effectiveness
Return on assets (TTM)
3.98%
Return on equity (TTM)
12.93%
Valuation
Price to earnings (TTM)
9.5
Price to revenue (TTM)
1.363
Price to book
1.18
Price to tangible book (TTM)
1.19
Price to free cash flow (TTM)
13.607
Free cash flow yield (TTM)
7.35%
Free cash flow per share (TTM)
113.914
Dividend yield (TTM)
1.94%
Forward dividend yield
1.94%
Growth
Revenue change (TTM)
9.36%
Earnings per share change (TTM)
49.12%
3-year revenue growth (CAGR)
7.91%
10-year revenue growth (CAGR)
4.93%
3-year earnings per share growth (CAGR)
16.05%
10-year earnings per share growth (CAGR)
15.19%
3-year dividend per share growth (CAGR)
25.99%
10-year dividend per share growth (CAGR)
10.55%
Bulls say / Bears say
BVZ delivered a strong 2025 operating reset: revenue rose 6.6% to CHF 230.3 million and profit increased 52.1% to CHF 34.9 million. The performance supports a stronger earnings base for the equity. (Presseportal)
Tourism assets are showing particularly strong momentum. Gornergrat reached record passenger and revenue levels, while the Glacier Express also set a new visitor record, indicating continued pricing power and demand for premium alpine experiences. (Presseportal)
BVZ has multiple growth avenues beyond core regional rail, including Gornergrat upgrades, Andermatt Central II and other real-estate initiatives. The company’s diversified exposure across tourism, mobility, property and investments could make earnings more resilient than a pure rail operator’s. (Presseportal)
Capital intensity is rising sharply: BVZ plans roughly CHF 200 million of private-sector investment through 2032, alongside the CHF 420 million ORION rolling-stock program. This creates execution, cost-overrun and free-cash-flow risks even after the 2025 earnings surge. (Presseportal)
The earnings mix remains exposed to tourism volatility. BVZ itself flags weather extremes, geopolitical crises and economic downturns as risks to demand across its alpine tourism businesses. (Presseportal)
Shareholder returns compete directly with growth investment: the board opposed a higher dividend and share-buyback proposal because these would reduce liquidity available for strategic projects. That limits near-term capital-return upside and underscores the funding trade-off facing investors. (Presseportal)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
BVZ Holding AG Financial Performance
Revenues and expenses
Upcoming events
No upcoming events
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.