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← CockpitCompetitor Analysis › VZUG.SW V-ZUG Holding LtdOpen in the cockpit ↗

V-ZUG Holding LtdVZUG.SWCompetitor analysis, valuation and peers

Switzerland · CHF·Consumer Discretionary›Electronics/Appliances
Momentum weak 36
Mkt cap
$319M
US dollars, full cap
Free float
31%
of shares outstanding
$/day
$59,934
20-day average traded
Fwd P/E
15.6×
forward earnings
ROIC−WACC
-3.2 pp
WACC 5.0%
Hurdle
+5 pp
Req g minus delivered
Next earnings
118 days
4 Mar 2027
Close · CHFCHF 40.50
1D-0.5%
1W+0.8%
1M-0.7%
3M-2.9%
6M+3.9%
YTD-4.0%
1Y-0.7%
ATR %1.3%
52w lowhigh8.8% off high

What V-ZUG does

Employees: 2,078

V-ZUG at a glance

Size V-ZUG (VZUG.SW) is a Switzerland Consumer Discretionary company (Electronics/Appliances) with a market value of $319M, the 156th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 40.50 on 6 Nov 2026.

Performance Over six months the shares gained 3.9%, against -18.0% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 0.3% over the last twelve months (peer median +3.9%); the operating margin is 1.8% (peer median 2.8%).

Valuation It trades at 15.6× forward earnings against a peer median of 25.3× (3rd cheapest of 12).

Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 3.2 points below its cost of capital (5.0% WACC).

Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026VZUG.SW 103Peer median 81
Six months, rebased to 100: V-ZUG against the median of its 20 peers (local-currency closes).

V-ZUG financials

Reported figures in CHF; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCHF 581MCHF 567MCHF 592MCHF 585MCHF 636M
Revenue growth—-4%+1%-8%—
Gross profitCHF 209MCHF 202MCHF 211MCHF 200MCHF 115M
EBITDACHF 43.5MCHF 38.5MCHF 48.0MCHF 42.1MCHF 73.9M
Net incomeCHF 12.2MCHF 6.83MCHF 21.4MCHF 11.7MCHF 7.94M
Free cash flowCHF 12.3M-CHF 12.8MCHF 4.24MCHF 22.2M-CHF 43.8M
Capital expenditureCHF 60.4MCHF 57.9MCHF 56.6MCHF 63.0MCHF 49.7M
Total debtn/aCHF 0CHF 0CHF 0CHF 0

Quarterly statements and history in the cockpit →

V-ZUG 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%+20%-20%-10%0%301135002723301332BAJAJELEC00288800302330082430157828474068006794301318603579HBB002981ORIENTELECIFBIND603215BOSCH-HCIL688533VZUG.SW6-month return →1-month return →
Up and to the right = strong over both horizons. V-ZUG is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%20×40×301332BAJAJELEC30082468006794603579ORIENTELECIFBIND603215BOSCH-HCIL688533VZUG.SWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. V-ZUG is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%002723301332BAJAJELEC0028880030233008242847406800002981ORIENTELECIFBINDVZUG.SWGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. V-ZUG is the large dot.

V-ZUG competitors and peer comparison

How V-ZUG 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.

V-ZUG against its 20 peers (data as of 6 Nov 2026)
MeasureVZUG.SWPeer medianRank in peer set
1-month return-0.7%-8.1%5th highest of 21
6-month return+3.9%-18.0%4th highest of 21
Distance from 52-week high-8.8%-36.0%2nd highest of 21
Revenue growth (TTM)+0.3%+3.9%10th lowest of 21
Operating margin1.8%2.8%8th lowest of 21
Forward P/E15.6×25.3×3rd cheapest of 12
Growth the price implies (Req g, 7 yrs)4.5%13.4%3rd least demanding of 12
Growth delivered (Del g)-0.1%+7.3%3rd lowest of 12
Hurdle (Req g minus delivered)+4.6 pp+8.0 pp5th least demanding of 12
ROIC minus cost of capital-3.2 pp-2.2 pp10th lowest of 21
EV / EBITDA5.5×6.5×4th cheapest of 8
Net debt / EBITDA-0.5×-0.6×5th most indebted of 10

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
V-ZUG VZUG.SWSwitzerland$319M+4%0%2%15.6×4.5%-0.1%
Guangdong Real-Design Intelligent Technology 301135.SZChina$318M-19%+16%1%n/an/an/a
Kennede Electronics Mfg 002723.SZChina$314M-42%-33%-28%n/a48.3%-1.6%
Guangdong Deerma Technology 301332.SZChina$302M-23%-12%1%26.6×-8.2%+9.1%
Bajaj Electricals BAJAJELEC.NSIndia$337M-34%-5%2%26.9×14.8%-0.5%
HiVi Acoustics Technology 002888.SZChina$340M-18%-9%2%n/a46.5%+0.7%
Chengdu Rainbow Appliance (Group) Shares 003023.SZChina$343M-28%-1%2%n/a9.5%+1.5%
Shenzhen Crastal Technology 300824.SZChina$359M-27%+15%7%24.5×9.2%+6.3%
Guangdong Seneasy Intelligent Technology 301578.SZChina$377M-11%+5%2%n/an/an/a
Cuckoo Homesys 284740.KSSouth Korea$389M-3%+3%16%n/a-19.9%+7.3%
Yokowo 6800.TJapan$390M-40%+14%7%10.6×13.4%+8.5%
Foster Electric 6794.TJapan$405M-4%0%5%12.9×n/an/a
ValueHD 301318.SZChina$412M-16%-3%6%n/an/an/a
Shanghai Rongtai Health Technology 603579.SSChina$415M-37%+11%2%18.7×n/an/a
Hamilton Beach Brands HBBUnited States$432M+54%-3%13%n/an/an/a
Risuntek 002981.SZChina$440M-13%-6%4%n/a8.0%+14.9%
Orient Electric ORIENTELEC.NSIndia$451M+4%+17%5%29.0×21.9%+10.4%
IFB Industries IFBIND.NSIndia$472M-9%+14%3%24.3×31.8%+14.9%
Zhejiang Biyi Electric Appliance 603215.SSChina$481M-18%+6%-1%25.3×n/an/a
Bosch Home Comfort India BOSCH-HCIL.NSIndia$489M+17%+15%1%54.6×n/an/a
Suzhou Sonavox Electronics 688533.SSChina$490M-25%+8%6%28.6×n/an/a

Questions

Which companies are V-ZUG's closest peers?
The cockpit's peer set: Guangdong Real-Design Intelligent Technology (301135.SZ), Kennede Electronics Mfg (002723.SZ), Guangdong Deerma Technology (301332.SZ), Bajaj Electricals (BAJAJELEC.NS), HiVi Acoustics Technology (002888.SZ), Chengdu Rainbow Appliance (Group) Shares (003023.SZ), Shenzhen Crastal Technology (300824.SZ), Guangdong Seneasy Intelligent Technology (301578.SZ).
Is V-ZUG expensive compared with its peers?
On forward p/e it trades at 15.6× against a peer median of 25.3×, 3rd cheapest of 12 in its peer set. For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has V-ZUG stock performed?
Over six months to 6 Nov 2026 the shares returned +3.9% against -18.0% for the median peer; over one year -0.7%.

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.