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Swiss real estate company that redevelops former industrial brownfield sites into residential and commercial property.
Swiss real estate company that redevelops former industrial brownfield sites into residential and commercial property.
Earns rent from the buildings it owns on former factory sites and gains from developing and selling land after it is rezoned for housing or commerce. Rezoning approval is the step that lifts a site's value, and sales of developed plots can be lumpy.
In one line: A Swiss brownfield-redevelopment specialist.
Moat: narrow (installed base, scale). Large land bank of former industrial sites with rezoning expertise is hard to replicate.
Headquarters: Frauenfeld, Switzerland · Founded: 2008 · Employees: 74
Size HIAG Immobilien (HIAG.SW) is a Switzerland Real Estate company (Real Estate Development) with a market value of $1.64B, the 103rd largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 132.80 on 6 Nov 2026.
Performance Over six months the shares fell 1.9%, against -8.9% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 96.0% over the last twelve months (peer median +1.4%); the operating margin is 49.6% (peer median 7.9%).
Valuation It trades at 15.4× forward earnings against a peer median of 11.9× (5th most expensive of 13).
Next results Next results expected around 8 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 223M | CHF 166M | CHF 136M | CHF 136M | CHF 97.0M |
| Revenue growth | — | +22% | 0% | +40% | — |
| Gross profit | CHF 137M | CHF 112M | CHF 92.8M | CHF 102M | CHF 80.6M |
| EBITDA | CHF 112M | CHF 87.1M | CHF 66.6M | CHF 71.7M | CHF 50.8M |
| Net income | CHF 155M | CHF 115M | CHF 75.2M | CHF 47.0M | CHF 99.4M |
| Free cash flow | n/a | CHF 18.7M | CHF 93.7M | CHF 15.6M | CHF 23.1M |
| Capital expenditure | n/a | CHF 1.41M | CHF 574,000 | CHF 356,000 | CHF 1.20M |
| Total debt | n/a | CHF 780M | CHF 770M | CHF 780M | CHF 820M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| HIAG Immobilien HIAG.SW | $1.64B | -2% | +96% | 50% | 15.4× | n/a |
| Mobimo MOBN.SW | $3.17B | -1% | +15% | 42% | 26.9× | n/a |
| Allreal ALLN.SW | $3.89B | -8% | +3% | 41% | 24.0× | n/a |
| Implenia IMPN.SW | $1.61B | +12% | -8% | 2% | 15.0× | 6.0% |
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.
| Measure | HIAG.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.6% | -3.7% | 7th highest of 21 |
| 6-month return | -1.9% | -8.9% | 6th highest of 20 |
| Distance from 52-week high | -9.9% | -27.4% | 5th highest of 21 |
| Revenue growth (TTM) | +96.0% | +1.4% | highest of 20 |
| Operating margin | 49.6% | 7.9% | 6th highest of 21 |
| Forward P/E | 15.4× | 11.9× | 5th most expensive of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| HIAG Immobilien HIAG.SW | Switzerland | $1.64B | -2% | +96% | 50% | 15.4× | n/a | n/a |
| Altra Fastigheter ALTRA.ST | Sweden | $1.64B | +18% | -2% | 64% | 11.8× | n/a | n/a |
| Sino Horizon 2923.TW | Taiwan | $1.65B | +40% | +63% | 47% | n/a | n/a | n/a |
| Jeudan A/S JDAN.CO | Denmark | $1.66B | 0% | +3% | 62% | n/a | n/a | n/a |
| New World Development 0017.HK | Hong Kong | $1.68B | -46% | +10% | -8% | n/a | n/a | n/a |
| Jinke Property 000656.SZ | China | $1.68B | -24% | -87% | -1,642% | n/a | n/a | n/a |
| Realia Business RLIA.MC | Spain | $1.68B | -3% | +82% | 41% | 13.7× | n/a | n/a |
| Shanghai Waigaoqiao Free Trade Zone 600648.SS | China | $1.60B | -15% | -3% | 8% | 12.1× | n/a | n/a |
| Dom Development DOM.WA | Poland | $1.59B | -6% | +14% | 24% | 9.1× | n/a | n/a |
| Greater Bay Area AI Computing Tech 1396.HK | Hong Kong | $1.70B | -41% | +76% | -6% | 15.6× | n/a | n/a |
| Castellana Properties Socimi YCPS.MC | Spain | $1.57B | -4% | +59% | 63% | n/a | n/a | n/a |
| Yuexiu Property 0123.HK | Hong Kong | $1.55B | -30% | -21% | 0% | 52.6× | n/a | n/a |
| Greentown Service 2869.HK | Hong Kong | $1.74B | -9% | +13% | 7% | 11.2× | n/a | n/a |
| Greentown China 3900.HK | Hong Kong | $1.74B | -48% | +1% | 3% | 43.6× | n/a | n/a |
| GuocoLand F17.SI | Singapore | $1.75B | -16% | -24% | 7% | 11.5× | n/a | n/a |
| China-Singapore Suzhou Industrial Park Development 601512.SS | China | $1.75B | -23% | -32% | 22% | 10.8× | n/a | n/a |
| China Jinmao 0817.HK | Hong Kong | $1.77B | -45% | -8% | 5% | 9.9× | n/a | n/a |
| GreatTown 600094.SS | China | $1.51B | -2% | -36% | 4% | n/a | n/a | n/a |
| PPI Public Property Invest PUBLI.ST | Sweden | $1.78B | n/a | n/a | 70% | n/a | n/a | n/a |
| Shenzhen Heungkong 600162.SS | China | $1.48B | +63% | -25% | -1% | n/a | n/a | n/a |
| Intershop ISN.SW | Switzerland | $1.82B | -9% | +5% | 79% | 18.5× | n/a | n/a |