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.
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.
HIAG Immobilien Holding AG is a leading Swiss real estate company specializing in site and project development services. Founded in 1876 and headquartered in Basel, it operates through three key segments: Yielding Portfolio, Development Portfolio, and Transaction, covering the entire property value chain from portfolio and asset management to development and transactions. The company invests in residential, commercial, office, logistics, and industrial properties located in core economic regions and growth areas across German-speaking and French-speaking Switzerland, with a portfolio of around 116 properties valued at approximately CHF 1.64 billion and a project pipeline offering over 727,000 m² of potential usable area. HIAG generates stable rental income, reported at CHF 60 million annualized, through active management and long-term leases, while implementing a capital recycling strategy via targeted acquisitions and sales to optimize its holdings and support dividend growth. With about 86 employees, a solid balance sheet, and access to capital markets backed by long-term shareholders, HIAG creates economic, ecological, and social value by developing sustainable destinations that provide living and working spaces for people and companies in future-oriented locations.
48.49% operating margin is above average. ROIC at 3.30%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 13.8%, still solid. Margins contracted 3.2pp, which offsets some of the top-line progress.
Free cash flow declined 80% versus the prior year, cash generation momentum has weakened. Net debt of CHF 748M represents 40.0x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
CHF 142M
▲ +13.8% YoY
Net Income (TTM)
CHF 115M
▲ +53.1% YoY
Op. Margin
48.49%
▼ -3.2pp YoY
ROIC
3.30%
Cash Flow & Balance Sheet
FCF (TTM)
CHF 19M
▼ -80.0% YoY
Op. Cash Flow (TTM)
CHF 120M
▲ +27.0% YoY
Net Debt
CHF 748M
Cash & Equiv.
CHF 32M
3Y CAGR: +20.3%
3Y CAGR: -5.8%
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