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Plazza AG (PLAN) Fair Value & Analysis

Real Estate · CH · Market cap CHF 890M

PA Plazza AG PLAN · SW
PriceCHF 433.00
Fair ValueCHF 142.72
Upside-67.0%
Quality67/100
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Mixed Growth
Highly profitable · 152.0% net margin
Low debt · generates free cash flow
2.33% dividend yield
Mixed vs. peers (7/14)
Moderate moat 58/100
Evidence: High Range CHF 107.04 – CHF 274.42 Share as image

Fair value as of: Jul 14, 2026

From 15 valuation models · updated 26 days ago

Share price −1.4% over the past month.

A solid business, but screening 67% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 274.42). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (CHF 107.04 to CHF 274.42) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

CHF 453.60 CHF 265.05 Fair Value CHF 142.72 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range CHF 265.05 – CHF 453.60 · fair‑value band CHF 107.04 – CHF 274.42 · the CHF 433.00 price screens above the CHF 142.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Plazza AG (PLAN) currently trades at CHF 433.00, while our model-based Fair Value estimate is CHF 142.72, implying the stock looks roughly 67.0% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Trailing-twelve-month revenue stands at CHF 39.9M. Revenue grew 10.7% year over year. It earns a return on equity of 7.9%. Net debt stands at CHF 326M. Fundamentals as of Jul 14, 2026

Our scenario range runs from CHF 107.04 (bear case) to CHF 274.42 (bull case); at CHF 433.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 16% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at -67%, PLAN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF CHF 9.84 CHF 82.14 CHF 179.95 80
Residual Income CHF 335.00 CHF 348.60 CHF 359.96 76
Gordon GGM CHF 79.22 CHF 142.76 CHF 196.52 70
All 15 models by family
DCF Models
FCF DCF CHF 10.25 CHF 88.50 CHF 199.21 38
5Y Revenue Exit CHF 52.01 CHF 139.58 39
5Y EBITDA Exit CHF 40.36 CHF 161.99 CHF 308.01 41
10Y Revenue Exit CHF 52.44 CHF 138.70 36
10Y EBITDA Exit CHF 26.20 CHF 123.78 CHF 260.68 37
Dividend Discount
Gordon GGM CHF 79.22 CHF 142.76 CHF 196.52 70
DDM Multi-Stage CHF 79.22 CHF 130.41 CHF 152.50 61
Multiples
P/S Multiple CHF 107.04 CHF 142.72 CHF 178.39 58
P/B Multiple CHF 423.63 CHF 564.83 CHF 706.04 55
EV/EBIT CHF 145.67 CHF 239.56 CHF 333.44 53
EV/EBITDA CHF 82.32 CHF 155.08 CHF 227.85 54
EV/Revenue CHF 17.72 CHF 63.83 43
Asset-Based
NCAV (Graham) CHF 215.65 CHF 288.98 CHF 431.31 50
Growth DCF
Growth DCF CHF 9.84 CHF 82.14 CHF 179.95 80
Economic Profit
Residual Income CHF 335.00 CHF 348.60 CHF 359.96 76

Widest divergence: Economic Profit (CHF 348.60) versus Growth DCF (CHF 82.14). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) CHF 39.9M
Revenue growth (YoY) +10.7%
Net margin 152%
Return on equity 7.9%
Free cash flow CHF 27.1M FY2025
P/E ratio 15.1
More key figures
Operating margin 76.4%
EPS (TTM) CHF 29.33
Dividend yield 2.3%
EPS growth (YoY) +17.2%
Net debt CHF 326M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 65 · Market factors (momentum, volatility) 65

Profitability 37
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Plazza AG plans, builds, manages, and markets real estate properties and projects in Switzerland. The company offers residential and commercial properties in the economic centers of Zurich and Lausanne. The company was founded in 2015 and is based in Zurich, Switzerland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Plazza AG reported revenue of CHF 40.1M in FY2025 versus CHF 26.9M in FY2021, a compound +10.5%/yr. Reported net income was CHF 60.7M in FY2025, compounding −4.2%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
CHF 40.1M
Latest YoY
+20.0%
Avg. growth/yr (3Y)
+12.4%
Avg. growth/yr (5Y)
+9.6%
Avg. growth/yr (11Y)
+6.9%
Revenue +10.5%/yr
FY21 CHF 26.9M
FY22 CHF 28.3M
FY23 CHF 28.9M
FY24 CHF 33.4M
FY25 CHF 40.1M
Net income −4.2%/yr
FY21 CHF 71.9M
FY22 CHF 23.6M
FY23 CHF 18.3M
FY24 CHF 50.7M
FY25 CHF 60.7M

PLAN screens 67% overvalued. Compare with Swiss Prime Site AG →

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Cite: Fair Value Calculator (2026). "Plazza AG Fair Value". https://www.fairvalue-calculator.com/stock/PLAN

Peer Group

Real Estate - Diversified · 138 stocks

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.

Quality Score 67 · Top 25%
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 2% · Below median
Net margin (TTM) 152% · Top 25%
Operating margin (TTM) 76% · Top 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 2.3% · Above median
Debt / equity 0.32× · Lower than median

Valuation Multiples vs Real Estate - Diversified median · lower = cheaper

P/E (TTM) 14.7× · Pricier than median
P/B 1.40× · Pricier than 75% of peers
P/S (TTM) 27.57× · Pricier than 75% of peers
P/FCF 40.7× · Pricier than 75% of peers
EV/EBITDA 43.2× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 46
FUTURE 54 · sector 33
PAST 32 · sector 17
HEALTH 84 · sector 75
DIVIDEND 47 · sector 45

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

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Frequently asked questions

Is Plazza AG (PLAN) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of CHF 142.72 versus a price of CHF 433.00, about −67% (overvalued).
What is the fair value of PLAN?
Our model-based fair value for Plazza AG is CHF 142.72 (as of Jul 14, 2026), built from audited fundamentals. The current price is CHF 433.00.
What is the quality score of PLAN?
Plazza AG has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Plazza AG (PLAN)?
Plazza AG reported trailing-twelve-month revenue of about CHF 39.9M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of PLAN?
The net profit margin of Plazza AG is about 152.0%, meaning it keeps roughly 152.0% of revenue as net income. Based on the latest reported figures.
Does Plazza AG pay a dividend?
Plazza AG currently shows a dividend yield of about 2.28% relative to its recent price (as of Jul 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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