Financials Flughafen Zürich AG Deutsche Boerse AG

Equities

UZAA

CH0319416936

Airport Services

Market Closed - Deutsche Boerse AG 03:05:00 2019-06-28 EDT 5-day change 1st Jan Change
162 EUR +0.12% Intraday chart for Flughafen Zürich AG -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,425 4,792 5,038 4,393 5,391 6,035 - -
Enterprise Value (EV) 1 6,286 5,839 6,425 5,684 5,391 7,383 7,314 7,141
P/E ratio 17.5 x -69.4 x -497 x 21.2 x 17.7 x 18 x 17.3 x 17.1 x
Yield 4.02% - - 2.45% - 2.88% 3.06% 3.33%
Capitalization / Revenue 4.48 x 7.68 x 7.41 x 4.29 x 4.36 x 4.61 x 4.39 x 4.23 x
EV / Revenue 5.19 x 9.36 x 9.45 x 5.55 x 4.36 x 5.64 x 5.32 x 5.01 x
EV / EBITDA 9.79 x 29.8 x 21.5 x 10.2 x 7.97 x 9.97 x 9.32 x 8.76 x
EV / FCF -24 x -23.2 x 253 x 22.5 x 22.2 x 32 x 28 x 22.9 x
FCF Yield -4.16% -4.3% 0.4% 4.45% 4.51% 3.13% 3.57% 4.37%
Price to Book 2.2 x 2.05 x 2.09 x 1.64 x - 2.01 x 1.91 x 1.8 x
Nbr of stocks (in thousands) 30,700 30,699 30,698 30,701 30,701 30,697 - -
Reference price 2 176.7 156.1 164.1 143.1 175.6 196.6 196.6 196.6
Announcement Date 20-03-10 21-03-12 22-03-08 23-03-09 24-03-07 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,210 624 680 1,024 1,236 1,308 1,375 1,427
EBITDA 1 641.8 196 299.2 555.6 676.7 740.3 784.7 814.9
EBIT 1 403.1 -56.5 19.1 260.2 389.9 440 468 491.9
Operating Margin 33.31% -9.05% 2.81% 25.42% 31.54% 33.64% 34.04% 34.48%
Earnings before Tax (EBT) 1 386.5 -84.5 -13.7 240.3 377.7 428.9 446.9 437.8
Net income 1 309.1 -69.1 -10.1 207 304.2 344.2 357.8 372
Net margin 25.54% -11.07% -1.49% 20.22% 24.61% 26.32% 26.03% 26.08%
EPS 2 10.07 -2.250 -0.3300 6.740 9.910 10.92 11.35 11.51
Free Cash Flow 1 -261.4 -251.2 25.4 253 243 230.8 261.2 312
FCF margin -21.6% -40.26% 3.74% 24.72% 19.66% 17.64% 19% 21.87%
FCF Conversion (EBITDA) - - 8.49% 45.54% 35.91% 31.18% 33.28% 38.29%
FCF Conversion (Net income) - - - 122.22% 79.88% 67.05% 72.98% 83.87%
Dividend per Share 2 7.100 - - 3.500 - 5.663 6.021 6.543
Announcement Date 20-03-10 21-03-12 22-03-08 23-03-09 24-03-07 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 622.1 310.4 313.6 263.6 416.4 458.3 565.2 576.7 659.6 622.6 650.7
EBITDA 338.1 104.9 91.1 92.2 207 238.3 317.3 323.8 352.9 - -
EBIT 215.4 -18.4 -38.1 -42.6 61.7 96.3 163.9 181.2 208.7 - -
Operating Margin 34.62% -5.93% -12.15% -16.16% 14.82% 21.01% 29% 31.42% 31.64% - -
Earnings before Tax (EBT) 204.3 -22.2 -62.3 -56.2 42.5 69.4 170.9 172.6 205.1 - -
Net income 165.7 -27.5 -41.6 -45 34.9 55.4 151.6 138.1 166.1 - -
Net margin 26.64% -8.86% -13.27% -17.07% 8.38% 12.09% 26.82% 23.95% 25.18% - -
EPS 5.400 - -1.350 -1.470 1.140 1.800 - 4.500 5.410 - -
Dividend per Share - - - - - - - - - - -
Announcement Date 20-03-10 20-08-21 21-03-12 21-08-24 22-03-08 22-08-23 23-03-09 23-08-26 24-03-07 - -
1CHF in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 861 1,047 1,388 1,290 - 1,348 1,279 1,106
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.342 x 5.341 x 4.638 x 2.322 x - 1.821 x 1.63 x 1.357 x
Free Cash Flow 1 -261 -251 25.4 253 243 231 261 312
ROE (net income / shareholders' equity) 12.7% -2.88% -0.4% 8.1% - 11.6% 11% 11%
ROA (Net income/ Total Assets) 6.9% -1.43% - 4.07% - 6.36% 6.41% 6.37%
Assets 1 4,479 4,830 - 5,089 - 5,414 5,581 5,842
Book Value Per Share 2 80.40 76.10 78.50 87.30 - 97.90 103.0 109.0
Cash Flow per Share 2 16.70 4.800 7.550 15.90 - 21.30 21.40 22.40
Capex 1 773 399 206 235 438 687 443 333
Capex / Sales 63.89% 63.87% 30.34% 22.96% 35.43% 52.5% 32.2% 23.31%
Announcement Date 20-03-10 21-03-12 22-03-08 23-03-09 24-03-07 - - -
1CHF in Million2CHF
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
196.6 CHF
Average target price
218 CHF
Spread / Average Target
+10.89%
Consensus
  1. Stock Market
  2. Equities
  3. FHZN Stock
  4. UZAA Stock
  5. Financials Flughafen Zürich AG