Zehnder Group AG/Fr. ZEHN
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Zehnder Group AG
Zehnder Group AG is a Swiss company specializing in indoor climate solutions and radiators, operating within the building technology industry. Its core products include heating, cooling, and ventilation systems, aimed at enhancing indoor air quality and energy efficiency. Founded in 1895, Zehnder is headquartered in Gränichen, Switzerland, and has a substantial presence across Europe, North America, and China. The company's strategic positioning focuses on innovation in energy-efficient solutions, supported by extensive research and development efforts. Zehnder leverages its extensive experience and broad geographic footprint to maintain a competitive edge in the global market.
- Ticker
- Fr. ZEHN
- Sector
- Industrials
- Primary listing
- XSWX
- Employees
- 3,640
- Headquarters
- Gränichen, Switzerland
- Website
- www.zehndergroup.com
Zehnder Group AG Metrics
BasicAdvanced
CHF 811M
18.63
CHF 3.86
1.32
CHF 1.40
1.94%
Price and volume
Market cap
CHF 811M
Beta
1.32
52-week high
CHF 91.30
52-week low
CHF 59.80
Average daily volume
16K
Dividend rate
CHF 1.40
Financial strength
Current ratio
1.727
Quick ratio
1.187
Long term debt to equity
0.084
Total debt to equity
0.114
Dividend payout ratio (TTM)
36.19%
Profitability
EBITDA (TTM)
78.621
Gross margin (TTM)
65.42%
Net profit margin (TTM)
6.02%
Operating margin (TTM)
7.98%
Effective tax rate (TTM)
22.51%
Revenue per employee (TTM)
CHF 193,330
Management effectiveness
Return on assets (TTM)
7.99%
Return on equity (TTM)
18.52%
Valuation
Price to earnings (TTM)
18.633
Price to revenue (TTM)
1.122
Price to book
3.03
Price to tangible book (TTM)
3.19
Price to free cash flow (TTM)
20.189
Free cash flow yield (TTM)
4.95%
Free cash flow per share (TTM)
3.566
Dividend yield (TTM)
1.94%
Forward dividend yield
1.94%
Growth
Revenue change (TTM)
3.93%
Earnings per share change (TTM)
158.09%
3-year revenue growth (CAGR)
-1.94%
10-year revenue growth (CAGR)
3.63%
3-year earnings per share growth (CAGR)
-4.18%
3-year dividend per share growth (CAGR)
-6.19%
What the Analysts think about Zehnder Group AG
Analyst ratings (Buy, Hold, Sell) for Zehnder Group AG stock.
Analyst projections of the future price of Zehnder Group AG stock.
Bulls say / Bears say
Ventilation is becoming a stronger growth engine: first-half sales rose 8% organically and reached 69% of group revenue. This makes Zehnder less reliant on its weaker radiator business. (Deutsche Börse)
Profitability improved faster than sales: adjusted EBIT rose 15% in the first half, with the group margin up to 9.5% from 8.5% a year earlier. Ventilation’s adjusted margin also improved to 13.9%. (Deutsche Börse)
Kepler Cheuvreux sees scope for ventilation growth and margin expansion as Zehnder rolls out products in Europe and expands its North American sales channels. It forecasts 6% organic ventilation growth in 2027 and a 13.7% segment margin. (StreetInsider)
The construction recovery remains slow: actual activity is lagging behind building permits, while higher building costs and interest rates are weighing on demand. Zehnder expects only modest overall market growth and no broad recovery yet. (Deutsche Börse)
Radiators remain a drag, with adjusted EBIT still slightly negative in the first half. Persistent price pressure and customers shifting towards lower-priced models continue to hurt profitability. (Deutsche Börse)
Operating cash flow fell to EUR 5.1 million in the first half from EUR 22.9 million a year earlier, as inventory and customer receivables absorbed cash. That leaves less near-term cash generation even as the group invests in growth. (Deutsche Börse)
Data summarised monthly by Lightyear AI. Last updated on 19 Oct 2026.
Zehnder Group AG Financial Performance
Revenues and expenses
Zehnder Group AG Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing Zehnder Group AG
AllUSDEURGBP
Fund name | Fund size | Fr. ZEHN weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.05% |
Xtrackers MSCI Europe Small Cap€DX2J | $3.6B | 0.05% |
SPDR MSCI All Country World IM€SPYI | $7.7B | 0.04% |
Vanguard ESG Developed Europe All Cap£V3EL | €35M | 0.01% |
Vanguard ESG Developed Europe All Cap£V3EA | €125M | 0.01% |
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.