FHZN.SW
Flughafen Zuerich AG
Price:  
226.8 
CHF
Volume:  
48,026
Switzerland | Transportation Infrastructure

FHZN.SW DCF Valuation - Growth Exit 5Y

30.6 %
Upside

What is the DCF valuation of FHZN.SW?

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%.

Is FHZN.SW a buy or a sell?

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 Rate3.4% - 5.6%4.5%
Long-term Growth Rate 0.5% - 1.5%1.0%
Fair Price195.28 - 562.12296.10
Upside-13.9% - 147.9%30.6%
226.80 CHF
Stock Price
296.10 CHF
Fair Price
REVENUE & EXPENSES
CAPEX
D&A
WORKING CAPITAL
TERMINAL VALUE

FHZN.SW DCF Valuation: Revenue & Expenses Forecast

(CHF in millions)Projections
12-202412-202512-202612-202712-202812-2029
Revenue1,3261,3871,4961,5341,5771,682
% Growth
7%5%8%3%3%7%
Cost of goods sold(201)(210)(226)(232)(239)(254)
% of Revenue15%15%15%15%15%15%
Selling, G&A expenses(309)(323)(348)(357)(367)(391)
% of Revenue23%23%23%23%23%23%
Research & Development000000
% of Revenue0%0%0%0%0%0%
Net interest & other expenses(404)(422)(455)(467)(480)(512)
% of Revenue30%30%30%30%30%30%
Tax expense(87)(84)(91)(93)(96)(102)
Tax rate21%19%19%19%19%19%
Net profit327348376385396422
% Margin25%25%25%25%25%25%