Flughafen Zürich AG (FLGZY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Flughafen Zürich AG $5.56, price $9.45, upside -41.2%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Flughafen Zürich AG
FLGZY · USStretched ValuationStrong overvaluation with only moderate quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $5.03 – $13.18 · fair‑value band $3.57 – $9.16 · the $9.45 price screens above the $5.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Company profile
Flughafen Zürich AG owns and operates the Zurich Airport in Switzerland. The company operates through Aviation; Passengers with Reduced Mobility (PRM); Usage Fees; Air Security; Access Fees; Noise; Non-Regulated Business; and International segments.
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Flughafen Zürich AG owns and operates the Zurich Airport in Switzerland. The company operates through Aviation; Passengers with Reduced Mobility (PRM); Usage Fees; Air Security; Access Fees; Noise; Non-Regulated Business; and International segments. It provides infrastructure and services related to flight operations, including the runway system, apron zones, passenger zones in the terminals, freight operations, passenger handling and services, and safety; support for passengers with reduced mobility; and check-in areas and facilities, baggage sorting and handling system, aircraft power supply system, handling apron areas, and the related services and fees. The company also offers passenger and aircraft security measures consisting of systems, operation, and maintenance to prevent actions that affect the security of commercial civil aviation, such as facilities for checks on passengers, hand luggage, checked baggage, and freight. In addition, it provides air security-related equipment and services comprising relevant systems, operation, and maintenance; and airport policing duties, surveillance patrols, and other security-related duties. Further, the company develops, markets, and operates commercial infrastructure at Zurich Airport, including retail and restaurant/catering operations at the airport, renting premises, parking services, and various commercial services; and provides consulting services. Additionally, it develops and operates other airports in Brazil, Chile, Curaçao, Colombia, and India. Flughafen Zürich AG was incorporated in 1986 and is based in Zurich, Switzerland.
Stock analysis
Flughafen Zürich AG (FLGZY) currently trades at $9.45, while our model-based Fair Value estimate is $5.56, 41.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $9.08 per share, and 4 of the 25 models we run sit above the $9.45 price.
Bear case: the Growth DCF group reads lowest at $1.51, and 21 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: $3.57 (bear) to $9.16 (bull), the price of $9.45 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Flughafen Zürich AG reported revenue of CHF 1.3B in FY2025 versus CHF 680M in FY2021, a compound +17.6%/yr. Reported net income was CHF 331M in FY2025.
Key figures
Market cap $9.4B · P/E ratio 16.6 · P/S ratio 4.22 · EPS (TTM) $0.5700 · Dividend yield 3.5% · Net margin 25.5% · Return on equity 11.3% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −41%, FLGZY screens richer than that median.
Fair Value models
All 25 models by family
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Set up alert →Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 35
Revenue & earnings trend
Growth Forecast
FLGZY screens overvalued: fair value 41% below the price. Compare with Aena S.M.E., S.A →
Earlier news
- Flughafen Zuerich AG (FLGZY) (Q2 2026) Earnings Call Highlights: Record H1 Results Amid ...
- Flughafen Zuerich AG (FLGZY) Full Year 2025 Earnings Call Highlights: Record Passenger Growth ...
- Flughafen Zürich (SWX:FHZN) Valuation: Exploring What Recent Moves Might Mean for Investors
- Flughafen Zuerich AG (FLGZY) (FY 2024) Earnings Call Highlights: Record Revenue and Strategic ...
Compare Flughafen Zürich AG with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Airports & Air Services · 51 stocks
Valuation Multiplesvs Airports & Air Services median · lower = cheaper
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Airports & Air Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Aena S.M.E., S.A AENA | €25.60 | €28.16 | +10% |
| Airports of Thailand Public Company AOT | 62.25 THB | 54.20 THB | −13% |
| GMR Airports Limited GMRINFRA | ₹97.57 | ₹22.29 | −77% |
| Shanghai International Airport Co 600009 | ¥22.46 | ¥24.71 | +10% |
| Auckland International Airport Limited AIA | A$6.87 | A$3.33 | −52% |
| Københavns Lufthavne A/S KBHL | kr 5,520 | kr 1,891 | −66% |
| Fraport AG FRA | €62.00 | €35.02 | −44% |
| Flughafen Wien Aktiengesellschaft, FLU | €53.40 | €58.74 | +10% |
| SATS Ltd S58 | 3.83 SGD | 5.30 SGD | +38% |
| Corporación América Airports S.A CAAP | $26.00 | $31.84 | +22% |
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Key figures of Flughafen Zürich AG
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