(HOT) HOCHTIEF Aktiengesellschaft - Ratings and Ratios
Exchange: XETRA •
Country: Germany •
Currency: EUR •
Type: Common Stock •
ISIN: DE0006070006
Construction, Infrastructure, Engineering, Services, Investment
Dividends
| Dividend Yield | 1.65% |
| Yield on Cost 5y | 8.00% |
| Yield CAGR 5y | -6.67% |
| Payout Consistency | 86.2% |
| Payout Ratio | 55.3% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 41.0% |
| Value at Risk 5%th | 61.6% |
| Relative Tail Risk | -8.72% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.55 |
| Alpha | 144.84 |
| CAGR/Max DD | 3.65 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.587 |
| Beta | 0.347 |
| Beta Downside | 0.396 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.81% |
| Mean DD | 3.50% |
| Median DD | 2.61% |
Description: HOT HOCHTIEF Aktiengesellschaft October 16, 2025
HOCHTIEF Aktiengesellschaft (XETRA:HOT) is a globally active construction firm headquartered in Essen, Germany, offering end-to-end services for large-scale building, civil engineering, and industrial projects. Its portfolio spans engineering design, project management, supply-chain and procurement, construction management, and the execution of public-private partnership (PPP) contracts, as well as infrastructure investment activities.
Key data points to note: HOCHTIEF reported €13.0 billion in revenue for FY 2023, with an order backlog of roughly €9 billion, indicating a multi-year pipeline. The company’s EBIT margin has been pressured by rising material costs, sitting at 3.2 % in 2023, but its order-to-cash cycle benefits from the long-duration nature of PPP projects. Macro-drivers include Europe’s infrastructure renewal agenda, the EU’s “NextGenerationEU” stimulus, and the global shortage of skilled construction labor, all of which can affect project timelines and pricing power.
For a deeper, data-rich assessment of HOCHTIEF’s valuation and risk profile, you may find the analytics on ValueRay useful as a next step in your research.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (852.3m TTM) > 0 and > 6% of Revenue (6% = 2.27b TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA 0.39pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 4.71% (prev 5.94%; Δ -1.23pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.09 (>3.0%) and CFO 2.07b > Net Income 852.3m (YES >=105%, WARN >=100%) |
| Net Debt (2.76b) to EBITDA (1.80b) ratio: 1.54 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.13 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (75.2m) change vs 12m ago 0.01% (target <= -2.0% for YES) |
| Gross Margin 25.83% (prev 12.06%; Δ 13.77pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 158.8% (prev 128.8%; Δ 30.07pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.55 (EBITDA TTM 1.80b / Interest Expense TTM 501.7m) >= 6 (WARN >= 3) |
Altman Z'' 0.66
| (A) 0.08 = (Total Current Assets 15.12b - Total Current Liabilities 13.34b) / Total Assets 23.59b |
| (B) -0.05 = Retained Earnings (Balance) -1.07b / Total Assets 23.59b |
| (C) 0.05 = EBIT TTM 1.28b / Avg Total Assets 23.82b |
| (D) -0.05 = Book Value of Equity -1.07b / Total Liabilities 22.51b |
| Total Rating: 0.66 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 76.86
| 1. Piotroski 5.0pt |
| 2. FCF Yield 5.77% |
| 3. FCF Margin 4.01% |
| 4. Debt/Equity 8.34 |
| 5. Debt/Ebitda 1.54 |
| 6. ROIC - WACC (= 24.64)% |
| 7. RoE 85.11% |
| 8. Rev. Trend 91.04% |
| 9. EPS Trend 55.05% |
What is the price of HOT shares?
As of December 07, 2025, the stock is trading at EUR 317.00 with a total of 87,536 shares traded.
Over the past week, the price has changed by +4.00%, over one month by +20.90%, over three months by +45.55% and over the past year by +149.29%.
Over the past week, the price has changed by +4.00%, over one month by +20.90%, over three months by +45.55% and over the past year by +149.29%.
Is HOT a buy, sell or hold?
HOCHTIEF Aktiengesellschaft has no consensus analysts rating.
What are the forecasts/targets for the HOT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 267.8 | -15.5% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 544.8 | 71.9% |
HOT Fundamental Data Overview November 29, 2025
Market Cap USD = 26.75b (22.93b EUR * 1.1666 EUR.USD)
Market Cap EUR = 22.93b (22.93b EUR * 1.0 EUR.EUR)
P/E Trailing = 26.9496
P/E Forward = 24.5098
P/S = 0.6062
P/B = 22.7786
P/EG = 2.04
Beta = 0.614
Revenue TTM = 37.83b EUR
EBIT TTM = 1.28b EUR
EBITDA TTM = 1.80b EUR
Long Term Debt = 6.62b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.07b EUR (from shortTermDebt, last fiscal year)
Debt = 8.20b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 2.76b EUR (from netDebt column, last fiscal year)
Enterprise Value = 26.33b EUR (22.93b + Debt 8.20b - CCE 4.80b)
Interest Coverage Ratio = 2.55 (Ebit TTM 1.28b / Interest Expense TTM 501.7m)
FCF Yield = 5.77% (FCF TTM 1.52b / Enterprise Value 26.33b)
FCF Margin = 4.01% (FCF TTM 1.52b / Revenue TTM 37.83b)
Net Margin = 2.25% (Net Income TTM 852.3m / Revenue TTM 37.83b)
Gross Margin = 25.83% ((Revenue TTM 37.83b - Cost of Revenue TTM 28.06b) / Revenue TTM)
Gross Margin QoQ = 27.86% (prev 22.58%)
Tobins Q-Ratio = 1.12 (Enterprise Value 26.33b / Total Assets 23.59b)
Interest Expense / Debt = 1.49% (Interest Expense 122.0m / Debt 8.20b)
Taxrate = 32.34% (97.5m / 301.5m)
NOPAT = 864.0m (EBIT 1.28b * (1 - 32.34%))
Current Ratio = 1.13 (Total Current Assets 15.12b / Total Current Liabilities 13.34b)
Debt / Equity = 8.34 (Debt 8.20b / totalStockholderEquity, last quarter 983.0m)
Debt / EBITDA = 1.54 (Net Debt 2.76b / EBITDA 1.80b)
Debt / FCF = 1.82 (Net Debt 2.76b / FCF TTM 1.52b)
Total Stockholder Equity = 1.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.61% (Net Income 852.3m / Total Assets 23.59b)
RoE = 85.11% (Net Income TTM 852.3m / Total Stockholder Equity 1.00b)
RoCE = 16.75% (EBIT 1.28b / Capital Employed (Equity 1.00b + L.T.Debt 6.62b))
RoIC = 30.28% (NOPAT 864.0m / Invested Capital 2.85b)
WACC = 5.63% (E(22.93b)/V(31.14b) * Re(7.29%) + D(8.20b)/V(31.14b) * Rd(1.49%) * (1-Tc(0.32)))
Discount Rate = 7.29% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.02%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈1.49b ; Y1≈1.84b ; Y5≈3.14b
Fair Price DCF = 710.5 (DCF Value 53.46b / Shares Outstanding 75.2m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 55.05 | EPS CAGR: 122.6% | SUE: 0.84 | # QB: 0
Revenue Correlation: 91.04 | Revenue CAGR: 14.88% | SUE: 0.59 | # QB: 0
EPS next Year (2026-12-31): EPS=12.24 | Chg30d=+0.853 | Revisions Net=+3 | Growth EPS=+18.5% | Growth Revenue=+11.6%
Market Cap EUR = 22.93b (22.93b EUR * 1.0 EUR.EUR)
P/E Trailing = 26.9496
P/E Forward = 24.5098
P/S = 0.6062
P/B = 22.7786
P/EG = 2.04
Beta = 0.614
Revenue TTM = 37.83b EUR
EBIT TTM = 1.28b EUR
EBITDA TTM = 1.80b EUR
Long Term Debt = 6.62b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.07b EUR (from shortTermDebt, last fiscal year)
Debt = 8.20b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 2.76b EUR (from netDebt column, last fiscal year)
Enterprise Value = 26.33b EUR (22.93b + Debt 8.20b - CCE 4.80b)
Interest Coverage Ratio = 2.55 (Ebit TTM 1.28b / Interest Expense TTM 501.7m)
FCF Yield = 5.77% (FCF TTM 1.52b / Enterprise Value 26.33b)
FCF Margin = 4.01% (FCF TTM 1.52b / Revenue TTM 37.83b)
Net Margin = 2.25% (Net Income TTM 852.3m / Revenue TTM 37.83b)
Gross Margin = 25.83% ((Revenue TTM 37.83b - Cost of Revenue TTM 28.06b) / Revenue TTM)
Gross Margin QoQ = 27.86% (prev 22.58%)
Tobins Q-Ratio = 1.12 (Enterprise Value 26.33b / Total Assets 23.59b)
Interest Expense / Debt = 1.49% (Interest Expense 122.0m / Debt 8.20b)
Taxrate = 32.34% (97.5m / 301.5m)
NOPAT = 864.0m (EBIT 1.28b * (1 - 32.34%))
Current Ratio = 1.13 (Total Current Assets 15.12b / Total Current Liabilities 13.34b)
Debt / Equity = 8.34 (Debt 8.20b / totalStockholderEquity, last quarter 983.0m)
Debt / EBITDA = 1.54 (Net Debt 2.76b / EBITDA 1.80b)
Debt / FCF = 1.82 (Net Debt 2.76b / FCF TTM 1.52b)
Total Stockholder Equity = 1.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.61% (Net Income 852.3m / Total Assets 23.59b)
RoE = 85.11% (Net Income TTM 852.3m / Total Stockholder Equity 1.00b)
RoCE = 16.75% (EBIT 1.28b / Capital Employed (Equity 1.00b + L.T.Debt 6.62b))
RoIC = 30.28% (NOPAT 864.0m / Invested Capital 2.85b)
WACC = 5.63% (E(22.93b)/V(31.14b) * Re(7.29%) + D(8.20b)/V(31.14b) * Rd(1.49%) * (1-Tc(0.32)))
Discount Rate = 7.29% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.02%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈1.49b ; Y1≈1.84b ; Y5≈3.14b
Fair Price DCF = 710.5 (DCF Value 53.46b / Shares Outstanding 75.2m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 55.05 | EPS CAGR: 122.6% | SUE: 0.84 | # QB: 0
Revenue Correlation: 91.04 | Revenue CAGR: 14.88% | SUE: 0.59 | # QB: 0
EPS next Year (2026-12-31): EPS=12.24 | Chg30d=+0.853 | Revisions Net=+3 | Growth EPS=+18.5% | Growth Revenue=+11.6%