WinstonWınston
Back
Stock

BVZ Holding AG

BVZN.SW
52
Railroads · Industrials
Also trades as: 0QML.L GBP 14.90 (-1.32%)
Price
CHF 1490.00
-20.00 (-1.32%)
Market Cap
CHF 293.9M
Exchange
SIX Swiss Exchange
Winston Score
52
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Oct 10, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
12/30
Growth
Good
10/20
Cash Flow
Good
6/10
Stability
Good
5/10
Valuation
Good
6/10
Ownership
Good
10/15
Dividends
Good
3/5

52 of 100 counted points = Winston Score 52.

Track this stock — start free trial

§Winston Score History

The full picture

BVZ Holding AG is a Swiss transportation company that runs mountain railways and related travel services in the Valais region of Switzerland. Its most well-known asset is the Matterhorn Gotthard Bahn, a narrow-gauge railway that carries tourists and locals through the Swiss Alps, including to the famous resort town of Zermatt. The company also has a stake in the Glacier Express, one of Switzerland's most recognized scenic train routes.

The company earns money primarily through ticket sales, freight transport, and tourism-related services along its rail network. It operates almost entirely within Switzerland, making it a highly regional business with a market cap of around $0.3 billion. Its main competitive advantage is that it holds concession rights to operate specific mountain rail lines, which are difficult for competitors to replicate. The key risk is that revenue depends heavily on tourist volumes, which can fall sharply during economic downturns, bad weather seasons, or global travel disruptions like pandemics.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+0.8% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-15.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

CHF 0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

34.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~15 months

CHF 115M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Adequate runway but may need to raise capital within 2 years

Growth context

BVZ Holding AG is growing revenue at 1% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 197K (2021) → 197K (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
28.0%
Modest — 28.0% gross margin
Profit after running costs
Operating Margin
12.4%
Healthy — 12.4% operating margin
Return on the money invested
ROCE
5.9%
Weak — 5.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+9.6%
Steady sales growth (+9.6% YoY)
Profit growth
EPS YoY
+22.6%
Earnings growing fast (+22.6% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
215%
Turns 215% of profit into real cash
Spare cash per sale
FCF Margin
-6.7%
Burning cash (-6.7%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
1.60
Elevated debt (1.60)
Covers its interest
Interest Cover
6.43x
Adequate interest coverage (6.4x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
9.6x
Attractive valuation — P/E 9.6

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
1.97%
Small dividend — 1.97% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+105.2%
Dividend growing fast (105.2% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial