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Swiss real estate company developing and managing commercial and residential property concentrated in the Zug region.
Swiss real estate company developing and managing commercial and residential property concentrated in the Zug region.
Collects rent on offices, shops and flats it owns and mostly holds rather than sells. Redevelopment of former industrial land at Suurstoffi in Risch Rotkreuz and the Metalli shopping centre in Zug are central to the portfolio. Hotels and restaurants add earnings that rise and fall with travel.
Moat: narrow (scale, installed base). Concentrated, high-quality land holdings in the wealthy, low-tax Zug region.
Headquarters: Zug, Switzerland · Employees: 122
Size Zug Estates (ZUGN.SW) is a Switzerland Real Estate company (Real Estate Development) with a market value of $1.37B, the 111th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 2,190 on 6 Nov 2026.
Performance Over six months the shares fell 1.8%, against -16.7% for the median peer and +11.6% for the Switzerland market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 1.3% over the last twelve months (peer median +3.3%); the operating margin is 61.5% (peer median 15.0%).
Valuation It trades at 27.3× forward earnings against a peer median of 11.1× (5th most expensive of 15).
Credit Zug Estates has 1 bond outstanding ($122M) and trading like BBB at a weighted spread of 111 bp.
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 91.9M | CHF 91.5M | CHF 88.8M | CHF 84.8M | CHF 80.1M |
| Revenue growth | — | +3% | +5% | +6% | — |
| Gross profit | CHF 78.7M | CHF 78.1M | CHF 75.4M | CHF 72.0M | CHF 67.6M |
| EBITDA | CHF 59.2M | CHF 58.5M | CHF 56.1M | CHF 52.2M | CHF 49.7M |
| Net income | CHF 64.1M | CHF 85.2M | CHF 58.7M | CHF 24.2M | CHF 39.8M |
| Free cash flow | n/a | CHF 46.5M | CHF 44.8M | CHF 32.8M | CHF 37.2M |
| Capital expenditure | n/a | CHF 485,000 | CHF 1.44M | CHF 6.63M | CHF 2.95M |
| Total debt | n/a | CHF 660M | CHF 658M | CHF 674M | CHF 660M |
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 |
|---|---|---|---|---|---|---|
| Zug Estates ZUGN.SW | $1.37B | -2% | +1% | 62% | 27.3× | 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 |
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 | ZUGN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.7% | -4.3% | 11th highest of 21 |
| 6-month return | -1.8% | -16.7% | highest of 20 |
| Distance from 52-week high | -13.1% | -31.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +1.3% | +3.3% | 9th lowest of 21 |
| Operating margin | 61.5% | 15.0% | 2nd highest of 21 |
| Forward P/E | 27.3× | 11.1× | 5th most expensive of 15 |
| Bond spread | 111 bp | 199 bp | tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zug Estates ZUGN.SW | Switzerland | $1.37B | -2% | +1% | 62% | 27.3× | n/a | n/a |
| Shanghai Jinqiao Export Processing Zone Development 600639.SS | China | $1.37B | -10% | +203% | 23% | 5.7× | n/a | n/a |
| Evergrande Property Services 6666.HK | Hong Kong | $1.37B | -34% | +9% | 10% | n/a | n/a | n/a |
| Shanghai Chengtou 600649.SS | China | $1.38B | -14% | -53% | 6% | 28.3× | n/a | n/a |
| Grandjoy 000031.SZ | China | $1.38B | -30% | -25% | 3% | n/a | n/a | n/a |
| Opendoor Technologies OPEN | United States | $1.36B | -72% | -37% | -16% | n/a | n/a | n/a |
| China Merchants Property Operation & Service 001914.SZ | China | $1.36B | -16% | +6% | 5% | 9.8× | n/a | n/a |
| Seazen 1030.HK | Hong Kong | $1.36B | -36% | -35% | 16% | 12.8× | n/a | n/a |
| Starts 8850.T | Japan | $1.35B | -6% | +7% | 14% | 7.8× | n/a | n/a |
| Cham Swiss Properties CHAM.SW | Switzerland | $1.38B | -5% | -78% | 32% | 102.7× | n/a | n/a |
| Deutsche EuroShop DEQ.DE | Germany | $1.40B | -16% | +2% | 76% | 9.5× | n/a | n/a |
| Horizon Industrial Parks HORIZONIND.NS | India | $1.33B | n/a | +83% | 44% | n/a | n/a | n/a |
| Gmp Property SOCIMI YGMP.MC | Spain | $1.33B | -4% | 0% | 53% | n/a | n/a | n/a |
| China Overseas Property 2669.HK | Hong Kong | $1.41B | -17% | +11% | 11% | 7.0× | n/a | n/a |
| Icade ICAD.PA | France | $1.33B | -22% | -9% | 17% | 5.3× | n/a | n/a |
| Grand City Properties GYC.DE | Germany | $1.42B | -19% | +2% | 55% | 5.3× | n/a | n/a |
| Sakura Development 2539.TW | Taiwan | $1.31B | -28% | +10% | 39% | n/a | n/a | n/a |
| Wedge Industrial 000534.SZ | China | $1.30B | -57% | +4% | 10% | 28.6× | n/a | n/a |
| China Overseas Grand Oceans 0081.HK | Hong Kong | $1.30B | -7% | -3% | 5% | 19.2× | n/a | n/a |
| Sobha SOBHA.NS | India | $1.44B | -12% | +10% | 4% | 29.9× | n/a | n/a |
| Atrium Ljungberg ATRLJ-B.ST | Sweden | $1.45B | -24% | +8% | 55% | 12.3× | n/a | n/a |
Zug Estates has 1 bond outstanding with $122M face value. Weighted yield 1.50%, a spread of 111 bp over government bonds.