WinstonWınston
Back
V-ZUG Holding AG logo

V-ZUG Holding AG

VZUG.SW
43
Furnishings, Fixtures & Appliances · Consumer Cyclical
Price
CHF 41.30
+0.05 (+0.12%)
Market Cap
CHF 264.8M
Exchange
SIX Swiss Exchange
Winston Score
43
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Strong
Stability
Good
Valuation
Good
Dividends
Mixed

Winston Score History

The full picture

V-ZUG Holding AG is a Swiss company that makes home appliances — things like washing machines, dryers, ovens, and dishwashers. It sells these products mainly to households and building developers in Switzerland, where it is one of the most recognized appliance brands. The company is known for making premium, high-quality appliances and has a strong reputation in its home market.

V-ZUG earns money by selling appliances directly to consumers and through partnerships with kitchen studios, retailers, and construction projects. It operates primarily in Switzerland, with some international presence, but remains a relatively small company with a market cap of around $0.3 billion. Its main competitive advantage is its Swiss-made brand reputation and focus on quality, but its thin operating margin of 2% shows that high production costs and competition from larger global appliance makers like Bosch and Miele put real pressure on profitability — and expanding internationally without losing that premium positioning is the key challenge ahead.

Growth Profile

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

Revenue Growth

+4.9% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+328.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

CHF 44M/ year

Flat (-1% vs prior year)

7.7% of revenue

1.9x the sector average (4%)

Steady R&D investment year-over-year

Insider Activity

70.7%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~8 months

CHF 66M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

V-ZUG Holding AG has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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

0.2% over 4y

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

Diluted shares outstanding: 6.4M (2021) → 6.4M (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
36.7%
Modest — 36.7% gross margin
Profit after running costs
Operating Margin
1.8%
Thin — 1.8% operating margin
Return on the money invested
ROCE
2.7%
Weak — 2.7% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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
+0.3%
Nearly flat sales (+0.3% YoY)
Profit growth
EPS YoY
-14.9%
Earnings shrinking (-14.9% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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
528%
Turns 528% of profit into real cash
Spare cash per sale
FCF Margin
2.1%
Thin free cash flow (2.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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
0.04
Conservative — low debt load (0.04)
Covers its interest
Interest Cover
N/A
Data not available

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)
21.9x
Growth-priced — P/E 21.9

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+5.8
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (21.9 → 16.1)

Full breakdown available with your free trial

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

Try free

Dividends

Dividend
Dividend Yield
2.18%
Moderate income — 2.18% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
N/A
Data not available

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