Flughafen Zurich (FHZN) - Net Assets
Based on the latest financial reports, Flughafen Zurich (FHZN) has net assets worth CHF3.15 Billion CHF (≈ $3.98 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF5.57 Billion ≈ $7.05 Billion USD) and total liabilities (CHF2.42 Billion ≈ $3.06 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Flughafen Zurich asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF3.15 Billion |
| % of Total Assets | 56.5% |
| Annual Growth Rate | 7.05% |
| 5-Year Change | 30.59% |
| 10-Year Change | 39.33% |
| Growth Volatility | 11.09 |
Flughafen Zurich - Net Assets Trend (2005–2025)
This chart illustrates how Flughafen Zurich's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Flughafen Zurich to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Flughafen Zurich (2005–2025)
The table below shows the annual net assets of Flughafen Zurich from 2005 to 2025. For live valuation and market cap data, see market value of Flughafen Zurich.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CHF3.15 Billion ≈ $3.98 Billion |
+6.16% |
| 2024-12-31 | CHF2.97 Billion ≈ $3.75 Billion |
+5.81% |
| 2023-12-31 | CHF2.80 Billion ≈ $3.54 Billion |
+4.65% |
| 2022-12-31 | CHF2.68 Billion ≈ $3.39 Billion |
+11.11% |
| 2021-12-31 | CHF2.41 Billion ≈ $3.05 Billion |
+3.19% |
| 2020-12-31 | CHF2.34 Billion ≈ $2.95 Billion |
-5.36% |
| 2019-12-31 | CHF2.47 Billion ≈ $3.12 Billion |
+2.25% |
| 2018-12-31 | CHF2.41 Billion ≈ $3.05 Billion |
+0.57% |
| 2017-12-31 | CHF2.40 Billion ≈ $3.04 Billion |
+6.24% |
| 2016-12-31 | CHF2.26 Billion ≈ $2.86 Billion |
+2.16% |
| 2015-12-31 | CHF2.21 Billion ≈ $2.80 Billion |
+3.36% |
| 2014-12-31 | CHF2.14 Billion ≈ $2.71 Billion |
+4.33% |
| 2013-12-31 | CHF2.05 Billion ≈ $2.59 Billion |
+10.31% |
| 2012-12-31 | CHF1.86 Billion ≈ $2.35 Billion |
+3.22% |
| 2011-12-31 | CHF1.80 Billion ≈ $2.28 Billion |
+6.97% |
| 2010-12-31 | CHF1.68 Billion ≈ $2.13 Billion |
+5.38% |
| 2009-12-31 | CHF1.60 Billion ≈ $2.02 Billion |
+11.86% |
| 2008-12-31 | CHF1.43 Billion ≈ $1.81 Billion |
+4.04% |
| 2007-12-31 | CHF1.37 Billion ≈ $1.74 Billion |
+11.62% |
| 2006-12-31 | CHF1.23 Billion ≈ $1.56 Billion |
+52.66% |
| 2005-12-31 | CHF806.00 Million ≈ $1.02 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Flughafen Zurich's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 778.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF2.96 Billion | 93.87% |
| Common Stock | CHF307.00 Million | 9.75% |
| Other Comprehensive Income | CHF-113.00 Million | -3.59% |
| Total Equity | CHF3.15 Billion | 100.00% |
Flughafen Zurich Competitors by Market Cap
The table below lists competitors of Flughafen Zurich ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pepco Group B.V.
WAR:PCO
|
$7.18 Billion |
|
Oberoi Realty Limited
NSE:OBEROIRLTY
|
$7.19 Billion |
|
Shanghai Fosun Pharmaceutical Group Co Ltd
SHG:600196
|
$7.20 Billion |
|
Yealink Network Technology Corp Ltd
SHE:300628
|
$7.21 Billion |
|
Silicon Laboratories Inc
NASDAQ:SLAB
|
$7.17 Billion |
|
Equinox Gold Corp
TO:EQX
|
$7.17 Billion |
|
HealthEquity Inc
NASDAQ:HQY
|
$7.17 Billion |
|
Nemetschek AG O.N.
XETRA:NEM
|
$7.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flughafen Zurich's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,966,300,000 to 3,148,900,000, a change of 182,600,000 (6.2%).
- Net income of 346,500,000 contributed positively to equity growth.
- Dividend payments of 175,000,000 reduced retained earnings.
- Share repurchases of 1,800,000 reduced equity.
- Other comprehensive income decreased equity by 83,500,000.
- Other factors increased equity by 96,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF346.50 Million | +11.0% |
| Dividends Paid | CHF175.00 Million | -5.56% |
| Share Repurchases | CHF1.80 Million | -0.06% |
| Other Comprehensive Income | CHF-83.50 Million | -2.65% |
| Other Changes | CHF96.40 Million | +3.06% |
| Total Change | CHF- | 6.16% |
Book Value vs Market Value Analysis
This analysis compares Flughafen Zurich's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.31x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.26x to 2.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CHF32.66 | CHF237.00 | x |
| 2006-12-31 | CHF43.18 | CHF237.00 | x |
| 2007-12-31 | CHF44.72 | CHF237.00 | x |
| 2008-12-31 | CHF46.57 | CHF237.00 | x |
| 2009-12-31 | CHF52.29 | CHF237.00 | x |
| 2010-12-31 | CHF54.87 | CHF237.00 | x |
| 2011-12-31 | CHF58.67 | CHF237.00 | x |
| 2012-12-31 | CHF60.89 | CHF237.00 | x |
| 2013-12-31 | CHF66.78 | CHF237.00 | x |
| 2014-12-31 | CHF69.67 | CHF237.00 | x |
| 2015-12-31 | CHF72.01 | CHF237.00 | x |
| 2016-12-31 | CHF73.55 | CHF237.00 | x |
| 2017-12-31 | CHF78.20 | CHF237.00 | x |
| 2018-12-31 | CHF78.66 | CHF237.00 | x |
| 2019-12-31 | CHF80.43 | CHF237.00 | x |
| 2020-12-31 | CHF76.12 | CHF237.00 | x |
| 2021-12-31 | CHF78.54 | CHF237.00 | x |
| 2022-12-31 | CHF87.24 | CHF237.00 | x |
| 2023-12-31 | CHF91.30 | CHF237.00 | x |
| 2024-12-31 | CHF96.61 | CHF237.00 | x |
| 2025-12-31 | CHF102.56 | CHF237.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flughafen Zurich utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.00%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.46%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.77x
- Recent ROE (11.00%) is above the historical average (8.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 7.34% | 8.42% | 0.23x | 3.80x | CHF-21.48 Million |
| 2006 | 7.11% | 11.86% | 0.23x | 2.58x | CHF-35.60 Million |
| 2007 | 9.51% | 16.28% | 0.25x | 2.32x | CHF-6.66 Million |
| 2008 | 8.49% | 14.19% | 0.25x | 2.35x | CHF-21.58 Million |
| 2009 | 11.92% | 23.24% | 0.23x | 2.23x | CHF30.77 Million |
| 2010 | 8.22% | 16.05% | 0.25x | 2.09x | CHF-29.92 Million |
| 2011 | 9.49% | 18.88% | 0.24x | 2.12x | CHF-9.28 Million |
| 2012 | 5.09% | 9.98% | 0.23x | 2.19x | CHF-91.25 Million |
| 2013 | 6.69% | 14.06% | 0.24x | 1.98x | CHF-67.91 Million |
| 2014 | 9.62% | 21.36% | 0.24x | 1.87x | CHF-8.07 Million |
| 2015 | 8.13% | 18.16% | 0.24x | 1.83x | CHF-41.45 Million |
| 2016 | 10.97% | 24.46% | 0.25x | 1.80x | CHF21.88 Million |
| 2017 | 11.88% | 27.50% | 0.24x | 1.79x | CHF45.12 Million |
| 2018 | 9.85% | 20.63% | 0.26x | 1.81x | CHF-3.65 Million |
| 2019 | 12.52% | 25.55% | 0.26x | 1.88x | CHF62.23 Million |
| 2020 | -2.96% | -11.08% | 0.12x | 2.20x | CHF-302.81 Million |
| 2021 | -0.42% | -1.49% | 0.14x | 2.08x | CHF-251.22 Million |
| 2022 | 7.73% | 20.22% | 0.20x | 1.95x | CHF-60.90 Million |
| 2023 | 10.85% | 24.61% | 0.24x | 1.82x | CHF23.85 Million |
| 2024 | 11.01% | 24.63% | 0.25x | 1.75x | CHF30.07 Million |
| 2025 | 11.00% | 25.46% | 0.24x | 1.77x | CHF31.61 Million |
Industry Comparison
This section compares Flughafen Zurich's net assets metrics with peer companies in the Airports & Air Services industry.
No peer company data available for comparison.
About Flughafen Zurich
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, fre… Read more