Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
BVZ Holding AG is a Switzerland-based holding company primarily engaged in operating regional railways in the cantons of Valais, Uri, and Graubünden. It oversees subsidiaries like Matterhorn Gotthard Verkehrs AG, which manages passenger, freight, and car transport services, including the vital mountain railway providing the only access to car-free Zermatt. The company also operates the Gornergrat Bahn, a scenic cogwheel railway serving tourists to iconic Alpine viewpoints, alongside real estate activities and other services. With around 694 to 723 employees, BVZ Holding AG generates revenue mainly from mobility (about 114 million CHF in 2024), Gornergrat operations (47.1 million CHF), investments, and real estate, all concentrated in Switzerland. Headquartered at Rail Center, Bahnhofplatz 7 in Brig, Valais, the firm plays a crucial role in regional transportation infrastructure, connecting remote Alpine areas and supporting tourism in one of Europe's premier mountain destinations.
23.27% operating margin is above average. ROIC at 5.86%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 13.7% YoY with margins expanding 4.4pp. However, free cash flow softened 32%, worth monitoring whether this is timing or structural.
Free cash flow declined 32% versus the prior year, cash generation momentum has weakened. Net debt of CHF 305M represents 13.6x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
CHF 193M
▲ +13.7% YoY
Net Income (TTM)
CHF 35M
▲ +52.1% YoY
Op. Margin
23.27%
▲ +4.4pp YoY
ROIC
5.86%
▲ +1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
CHF 22M
▼ -32.1% YoY
Op. Cash Flow (TTM)
CHF 34M
▼ -45.3% YoY
Net Debt
CHF 305M
Cash & Equiv.
CHF 75M
3Y CAGR: +11.7%
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