The Discounted Cash Flow (DCF) valuation of Flughafen Zuerich AG (FHZN.SW) is 296.10 CHF. With the latest stock price at 226.80 CHF, the upside of Flughafen Zuerich AG based on DCF is 30.6%.
Based on the latest price of 226.80 CHF and our DCF valuation, Flughafen Zuerich AG (FHZN.SW) is a buy. Buying FHZN.SW stocks now will result in a potential gain of 30.6%.
Range | Selected | |
WACC / Discount Rate | 3.4% - 5.6% | 4.5% |
Long-term Growth Rate | 0.5% - 1.5% | 1.0% |
Fair Price | 195.28 - 562.12 | 296.10 |
Upside | -13.9% - 147.9% | 30.6% |
(CHF in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 1,326 | 1,387 | 1,496 | 1,534 | 1,577 | 1,682 |
% Growth | 7% | 5% | 8% | 3% | 3% | 7% |
Cost of goods sold | (201) | (210) | (226) | (232) | (239) | (254) |
% of Revenue | 15% | 15% | 15% | 15% | 15% | 15% |
Selling, G&A expenses | (309) | (323) | (348) | (357) | (367) | (391) |
% of Revenue | 23% | 23% | 23% | 23% | 23% | 23% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (404) | (422) | (455) | (467) | (480) | (512) |
% of Revenue | 30% | 30% | 30% | 30% | 30% | 30% |
Tax expense | (87) | (84) | (91) | (93) | (96) | (102) |
Tax rate | 21% | 19% | 19% | 19% | 19% | 19% |
Net profit | 327 | 348 | 376 | 385 | 396 | 422 |
% Margin | 25% | 25% | 25% | 25% | 25% | 25% |