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← CockpitCompetitor Analysis › ALLN.SW Allreal Holding AGOpen in the cockpit ↗

Allreal Holding AGALLN.SWCompetitor analysis, valuation and peers

Switzerland · CHF·Real Estate›Real Estate Development

Swiss real estate company that develops, builds and manages commercial and residential properties.

≈ A Swiss developer/general-contractor hybridMomentum weak 24
Mkt cap
$3.89B
US dollars, full cap
Free float
88%
of shares outstanding
$/day
$4.59M
20-day average traded
Fwd P/E
24.0×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
112 days
26 Feb 2027
Close · CHFCHF 192.80
1D-0.2%
1W+0.6%
1M+3.0%
3M-6.4%
6M-8.0%
YTD-5.5%
1Y-0.1%
ATR %1.2%
52w lowhigh19.2% off high

What Allreal does

Swiss real estate company that develops, builds and manages commercial and residential properties.

Collects rent from its own commercial and residential buildings, which carry the company, while an in-house construction arm builds for outside clients as well as for its own developments, earning contract fees. The properties are in Switzerland, concentrated around Zurich.

In one line: A Swiss developer/general-contractor hybrid.

Products and services

  • Real estate development
  • General contracting
  • Investment property portfolio (rental)

Customers

  • Institutional investors
  • Corporate tenants
  • Residential buyers/tenants

Where it sits in the supply chain

  • Real estate
  • Development & general contracting
  • Property portfolio management

What could go right

  • Swiss commercial real estate demand
  • Low-vacancy Zurich market

What could go wrong

  • Interest rate sensitivity
  • Construction cost inflation

Moat: narrow (scale, brand). Scale in Swiss development plus an integrated in-house construction capability.

Headquarters: Zurich, Switzerland · Founded: 1970 · Employees: 229

Named competitors

Allreal at a glance

Size Allreal (ALLN.SW) is a Switzerland Real Estate company (Real Estate Development) with a market value of $3.89B, the 68th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 192.80 on 6 Nov 2026.

Performance Over six months the shares fell 8.0%, against -2.8% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 9th lowest of 21 in its peer set.

Growth Revenue grew 2.6% over the last twelve months (peer median +10.0%); the operating margin is 41.4% (peer median 19.4%).

Valuation It trades at 24.0× forward earnings against a peer median of 12.8× (4th most expensive of 18).

Next results Next results expected around 26 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026Peer median 95ALLN.SW 93
Six months, rebased to 100: Allreal against the median of its 20 peers (local-currency closes).

Allreal financials

Reported figures in CHF; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCHF 439MCHF 437MCHF 420MCHF 428MCHF 502M
Revenue growth—+4%-2%-15%—
Gross profitCHF 232MCHF 231MCHF 234MCHF 226MCHF 240M
EBITDACHF 183MCHF 183MCHF 185MCHF 177MCHF 186M
Net incomeCHF 208MCHF 219MCHF 211MCHF 65.2MCHF 155M
Free cash flowCHF 94.7MCHF 156MCHF 81.7MCHF 18.5MCHF 155M
Capital expenditureCHF 600,000CHF 500,000CHF 3.60MCHF 6.60MCHF 4.70M
Total debtn/aCHF 2.67BCHF 2.70BCHF 2.69BCHF 2.61B

Quarterly statements and history in the cockpit →

Allreal competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-10%0%+10%+20%JOEMRP09601908VTMX60064160115500224406838804MTHLEG0101PNDX-BUTGHGV600007CWK600208HHHALLN.SW6-month return →1-month return →
Up and to the right = strong over both horizons. Allreal is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%20×40×MRP1908VTMX60115500224406838804MTHLEGPNDX-BHGV600007600208HHHALLN.SWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Allreal is the large dot.

Allreal competitors and peer comparison

Head to head with its named competitors (ALLN.SW vs PSPN.SW vs SPSN.SW vs MOBN.SW)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Allreal ALLN.SW$3.89B-8%+3%41%24.0×n/a
PSP Swiss Property PSPN.SW$8.73B+5%+44%68%27.9×n/a
Swiss Prime Site SPSN.SW$13.0B+1%-12%76%31.7×n/a
Mobimo MOBN.SW$3.17B-1%+15%42%26.9×n/a

How Allreal compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Allreal against its 20 peers (data as of 6 Nov 2026)
MeasureALLN.SWPeer medianRank in peer set
1-month return+3.0%+6.8%7th lowest of 21
6-month return-8.0%-2.8%9th lowest of 21
Distance from 52-week high-19.2%-21.7%7th highest of 21
Revenue growth (TTM)+2.6%+10.0%10th lowest of 21
Operating margin41.4%19.4%7th highest of 21
Forward P/E24.0×12.8×4th most expensive of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Allreal ALLN.SWSwitzerland$3.89B-8%+3%41%24.0×n/an/a
St. Joe JOEUnited States$3.96B+6%+11%32%n/an/an/a
Millrose Properties MRPUnited States$4.00B-4%+93%85%7.9×n/an/a
Longfor 0960.HKHong Kong$4.05B-47%-42%1%n/an/an/a
C&D International Investment 1908.HKHong Kong$4.11B-15%-15%7%8.2×n/an/a
Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR VTMXUnited States$3.62B+6%+18%76%19.5×n/an/a
Shanghai Vital Deeptech 600641.SSChina$4.20B+14%+94%-27%n/an/an/a
Seazen 601155.SSChina$4.23B-15%-39%14%31.9×n/an/a
Hangzhou Binjiang Real Estate 002244.SZChina$4.27B-2%-35%6%12.8×n/an/a
Kerry Properties 0683.HKHong Kong$3.47B-26%-22%24%14.2×n/an/a
Tokyo Tatemono 8804.TJapan$4.37B-6%+17%22%10.3×n/an/a
Meritage Homes MTHUnited States$4.38B+4%-15%7%16.2×n/an/a
LEG Immobilien LEG.DEGermany$4.39B-11%+1%34%8.1×n/an/a
Hang Lung Ppt 0101.HKHong Kong$4.40B-29%+10%53%11.8×n/an/a
Pandox PNDX-B.STSweden$3.43B-1%+15%58%14.6×n/an/a
UNITE UTG.LUnited Kingdom$3.41B+5%+12%46%11.9×n/an/a
Hilton Grand Vacations HGVUnited States$3.33B-10%+19%17%9.4×n/an/a
China World Trade Center 600007.SSChina$3.31B+4%-4%42%18.6×n/an/a
Cushman & Wakefield CWKUnited States$3.28B-2%+10%4%8.8×n/an/a
Quzhou Xin'an Development 600208.SSChina$3.25B-43%-4%-17%52.0×n/an/a
Howard Hughes HHHUnited States$4.64B+18%+32%15%29.6×n/an/a

Questions

Who are Allreal's main competitors?
Named competitors: PSP Swiss Property (PSPN.SW), Swiss Prime Site (SPSN.SW), Mobimo Holding (MOBN.SW). The cockpit's measured peer set (industry) also includes St. Joe (JOE), Millrose Properties (MRP), Longfor (0960.HK), C&D International Investment (1908.HK), Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR (VTMX), Shanghai Vital Deeptech (600641.SS).
Is Allreal expensive compared with its peers?
On forward p/e it trades at 24.0× against a peer median of 12.8×, 4th most expensive of 18 in its peer set.
How has Allreal stock performed?
Over six months to 6 Nov 2026 the shares returned -8.0% against -2.8% for the median peer; over one year -0.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.