Flughafen Zürich AG/€FHZN
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Flughafen Zürich AG
Flughafen Zürich AG operates Zurich Airport, a major international aviation hub located in Switzerland. The company manages various aspects of airport operations, including passenger services, retail and dining outlets, cargo services, as well as real estate management related to airport infrastructure. Key segments of its business include ground handling, airport retail operations, and facility management services. Established in 1948, Zurich Airport has grown to become one of the busiest airports in Europe. Strategically positioned in the heart of Europe, it connects numerous international and domestic destinations. The company's competitive strength lies in its comprehensive infrastructure management and strong logistical connections.
- Ticker
- €FHZN
- Sector
- Mobility
- Primary listing
- XGAT
- Employees
- 2,322
- Headquarters
- Zurich, Switzerland
- Website
- www.flughafen-zuerich.ch
FHZN Metrics
BasicAdvanced
€6.8B
18.03
€12.34
0.55
€9.25
4.16%
Price and volume
Market cap
€6.8B
Beta
0.55
52-week high
€291.00
52-week low
€208.00
Average daily volume
55K
Dividend rate
€9.25
Financial strength
Current ratio
1.521
Quick ratio
1.392
Long term debt to equity
0.58
Total debt to equity
0.59
Dividend payout ratio (TTM)
62.48%
Interest coverage (TTM)
17.00%
Profitability
EBITDA (TTM)
843.209
Gross margin (TTM)
65.11%
Net profit margin (TTM)
25.03%
Operating margin (TTM)
33.65%
Effective tax rate (TTM)
20.49%
Revenue per employee (TTM)
€651,790
Management effectiveness
Return on assets (TTM)
5.37%
Return on equity (TTM)
11.66%
Valuation
Price to earnings (TTM)
18.03
Price to revenue (TTM)
4.511
Price to book
2.05
Price to tangible book (TTM)
2.37
Price to free cash flow (TTM)
42.687
Free cash flow yield (TTM)
2.34%
Free cash flow per share (TTM)
5.212
Dividend yield (TTM)
4.16%
Forward dividend yield
4.16%
Growth
Revenue change (TTM)
4.35%
Earnings per share change (TTM)
3.74%
3-year revenue growth (CAGR)
6.88%
10-year revenue growth (CAGR)
3.37%
3-year earnings per share growth (CAGR)
6.38%
10-year earnings per share growth (CAGR)
3.68%
3-year dividend per share growth (CAGR)
52.43%
10-year dividend per share growth (CAGR)
10.98%
Bulls say / Bears say
Zurich Airport handled a record 15.8 million passengers in the first half of 2026, up 6% year on year, lifting aviation revenue by 5%. Management expects more than 33 million passengers for the full year, supporting demand-driven growth in airport and passenger spending. (Zurich Airport Ltd.)
The international airport business offers a second growth engine: first-half revenue rose 16%, with Brazilian airports recording average passenger growth of 13.8%. That growth broadens the group’s earnings base beyond Zurich. (Zurich Airport Ltd.)
Noida Airport began commercial operations in June, giving Flughafen Zürich a foothold in a fast-growing Indian aviation market. Its first phase can serve 12 million passengers a year, with staged expansion plans taking capacity to as much as 70 million over the concession. (Zurich Airport Ltd.)
Management expects 2026 EBITDA to stay around last year’s level but consolidated profit to fall. A roughly 10% reduction in Zurich airport charges from October, alongside higher Noida depreciation and financing costs, will weigh on earnings. (Zurich Airport Ltd.)
Noida’s traffic ramp-up is slower than planned amid geopolitical disruption, and the airport is expected to make an operating loss this year. The group expects break-even only in 2027, leaving the new project exposed to execution and demand risks in the meantime. (SWI swissinfo.ch)
The group faces a sizeable investment burden: it invested CHF 268.7 million in the first half and expects about CHF 500 million of investment across Zurich and overseas subsidiaries in 2026. Net interest-bearing debt had risen to CHF 1.62 billion by June, while construction closures are limiting growth in Zurich commercial revenue. (Zurich Airport Ltd.)
Data summarised monthly by Lightyear AI. Last updated on 21 Oct 2026.
Upcoming events
No upcoming events
Funds containing FHZN
AllEURUSDGBP
Fund name | Fund size | €FHZN weighting |
|---|---|---|
Global X European Infrastructure Development$BRIJ | €578M | 1.25% |
Global X European Infrastructure Development£BRIP | €578M | 1.25% |
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.29% |
Xtrackers MSCI Europe Small Cap€DX2J | $3.6B | 0.29% |
Vanguard ESG Developed Europe All Cap£V3EA | €125M | 0.04% |
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.