(HOT) HOCHTIEF Aktiengesellschaft - Overview
Exchange: XETRA •
Country: Germany •
Currency: EUR •
Type: Common Stock •
ISIN: DE0006070006
Stock: Construction, Engineering, Infrastructure, PPP, Maintenance
Total Rating 65
Risk 73
Buy Signal 1.24
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.15% |
| Yield on Cost 5y | 8.11% |
| Yield CAGR 5y | 7.41% |
| Payout Consistency | 89.1% |
| Payout Ratio | 55.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 34.1% |
| Relative Tail Risk | -7.36% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.58 |
| Alpha | 153.00 |
| Character TTM | |
|---|---|
| Beta | 0.388 |
| Beta Downside | 0.487 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.81% |
| CAGR/Max DD | 3.64 |
Description: HOT HOCHTIEF Aktiengesellschaft December 19, 2025
HOCHTIEF Aktiengesellschaft (XETRA:HOT) is a global construction firm headquartered in Essen, Germany, offering end-to-end services for large-scale building, civil engineering, and industrial projects. Its portfolio spans engineering, project management, supply-chain and procurement, construction management, and public-private partnership (PPP) execution, serving both public and private clients across infrastructure, industry, and natural-resource sectors.
Key indicators (FY 2023) show revenue of roughly €23 billion and an order backlog near €30 billion, with an EBIT margin of about 4 %. The company’s performance is closely tied to EU infrastructure spending cycles, the health of the construction supply chain, and financing conditions for PPPs, which are sensitive to prevailing interest-rate trends. HOCHTIEF is majority-owned (≈70 %) by Spain-based ACS Group, linking its strategic direction to broader European construction market dynamics.
For a deeper, data-driven assessment of HOT’s valuation and risk profile, you may find the analytics on ValueRay worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 852.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.39 > 1.0 |
| NWC/Revenue: 4.71% < 20% (prev 5.94%; Δ -1.23% < -1%) |
| CFO/TA 0.09 > 3% & CFO 2.07b > Net Income 852.3m |
| Net Debt (3.56b) to EBITDA (2.35b): 1.52 < 3 |
| Current Ratio: 1.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (75.2m) vs 12m ago 0.01% < -2% |
| Gross Margin: 21.05% > 18% (prev 0.12%; Δ 2093 % > 0.5%) |
| Asset Turnover: 158.8% > 50% (prev 128.8%; Δ 30.07% > 0%) |
| Interest Coverage Ratio: 3.32 > 6 (EBITDA TTM 2.35b / Interest Expense TTM 501.7m) |
Altman Z'' 0.76
| A: 0.08 (Total Current Assets 15.12b - Total Current Liabilities 13.34b) / Total Assets 23.59b |
| B: -0.05 (Retained Earnings -1.07b / Total Assets 23.59b) |
| C: 0.07 (EBIT TTM 1.66b / Avg Total Assets 23.82b) |
| D: -0.05 (Book Value of Equity -1.12b / Total Liabilities 22.51b) |
| Altman-Z'' Score: 0.76 = B |
Beneish M -3.31
| DSRI: 0.90 (Receivables 8.88b/8.09b, Revenue 37.83b/30.97b) |
| GMI: 0.57 (GM 21.05% / 12.06%) |
| AQI: 1.13 (AQ_t 0.29 / AQ_t-1 0.26) |
| SGI: 1.22 (Revenue 37.83b / 30.97b) |
| TATA: -0.05 (NI 852.3m - CFO 2.07b) / TA 23.59b) |
| Beneish M-Score: -3.31 (Cap -4..+1) = AA |
What is the price of HOT shares?
As of January 31, 2026, the stock is trading at EUR 354.80 with a total of 64,088 shares traded.
Over the past week, the price has changed by -2.63%, over one month by +5.28%, over three months by +40.24% and over the past year by +163.36%.
Over the past week, the price has changed by -2.63%, over one month by +5.28%, over three months by +40.24% and over the past year by +163.36%.
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 | 295.3 | -16.8% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 618 | 74.2% |
HOT Fundamental Data Overview January 31, 2026
Market Cap USD = 31.98b (26.70b EUR * 1.1978 EUR.USD)
P/E Trailing = 31.3428
P/E Forward = 29.1545
P/S = 0.7056
P/B = 27.0802
P/EG = 2.04
Revenue TTM = 37.83b EUR
EBIT TTM = 1.66b EUR
EBITDA TTM = 2.35b EUR
Long Term Debt = 7.42b EUR (from longTermDebt, last quarter)
Short Term Debt = 741.2m EUR (from shortTermDebt, last quarter)
Debt = 8.37b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.56b EUR (from netDebt column, last quarter)
Enterprise Value = 30.26b EUR (26.70b + Debt 8.37b - CCE 4.80b)
Interest Coverage Ratio = 3.32 (Ebit TTM 1.66b / Interest Expense TTM 501.7m)
EV/FCF = 19.92x (Enterprise Value 30.26b / FCF TTM 1.52b)
FCF Yield = 5.02% (FCF TTM 1.52b / Enterprise Value 30.26b)
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 = 21.05% ((Revenue TTM 37.83b - Cost of Revenue TTM 29.87b) / Revenue TTM)
Gross Margin QoQ = 9.28% (prev 22.58%)
Tobins Q-Ratio = 1.28 (Enterprise Value 30.26b / Total Assets 23.59b)
Interest Expense / Debt = 1.46% (Interest Expense 122.0m / Debt 8.37b)
Taxrate = 32.34% (97.5m / 301.5m)
NOPAT = 1.13b (EBIT 1.66b * (1 - 32.34%))
Current Ratio = 1.13 (Total Current Assets 15.12b / Total Current Liabilities 13.34b)
Debt / Equity = 8.51 (Debt 8.37b / totalStockholderEquity, last quarter 983.0m)
Debt / EBITDA = 1.52 (Net Debt 3.56b / EBITDA 2.35b)
Debt / FCF = 2.35 (Net Debt 3.56b / FCF TTM 1.52b)
Total Stockholder Equity = 1.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.58% (Net Income 852.3m / Total Assets 23.59b)
RoE = 85.11% (Net Income TTM 852.3m / Total Stockholder Equity 1.00b)
RoCE = 19.76% (EBIT 1.66b / Capital Employed (Equity 1.00b + L.T.Debt 7.42b))
RoIC = 39.45% (NOPAT 1.13b / Invested Capital 2.85b)
WACC = 5.83% (E(26.70b)/V(35.06b) * Re(7.35%) + D(8.37b)/V(35.06b) * Rd(1.46%) * (1-Tc(0.32)))
Discount Rate = 7.35% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.02%
[DCF Debug] Terminal Value 88.43% ; FCFF base≈1.49b ; Y1≈1.84b ; Y5≈3.14b
Fair Price DCF = 1167 (EV 91.36b - Net Debt 3.56b = Equity 87.80b / Shares 75.2m; r=5.90% [WACC]; 5y FCF grow 25.0% → 2.90% )
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=12.22 | Chg30d=-0.084 | Revisions Net=+3 | Growth EPS=+19.5% | Growth Revenue=+11.8%
P/E Trailing = 31.3428
P/E Forward = 29.1545
P/S = 0.7056
P/B = 27.0802
P/EG = 2.04
Revenue TTM = 37.83b EUR
EBIT TTM = 1.66b EUR
EBITDA TTM = 2.35b EUR
Long Term Debt = 7.42b EUR (from longTermDebt, last quarter)
Short Term Debt = 741.2m EUR (from shortTermDebt, last quarter)
Debt = 8.37b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.56b EUR (from netDebt column, last quarter)
Enterprise Value = 30.26b EUR (26.70b + Debt 8.37b - CCE 4.80b)
Interest Coverage Ratio = 3.32 (Ebit TTM 1.66b / Interest Expense TTM 501.7m)
EV/FCF = 19.92x (Enterprise Value 30.26b / FCF TTM 1.52b)
FCF Yield = 5.02% (FCF TTM 1.52b / Enterprise Value 30.26b)
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 = 21.05% ((Revenue TTM 37.83b - Cost of Revenue TTM 29.87b) / Revenue TTM)
Gross Margin QoQ = 9.28% (prev 22.58%)
Tobins Q-Ratio = 1.28 (Enterprise Value 30.26b / Total Assets 23.59b)
Interest Expense / Debt = 1.46% (Interest Expense 122.0m / Debt 8.37b)
Taxrate = 32.34% (97.5m / 301.5m)
NOPAT = 1.13b (EBIT 1.66b * (1 - 32.34%))
Current Ratio = 1.13 (Total Current Assets 15.12b / Total Current Liabilities 13.34b)
Debt / Equity = 8.51 (Debt 8.37b / totalStockholderEquity, last quarter 983.0m)
Debt / EBITDA = 1.52 (Net Debt 3.56b / EBITDA 2.35b)
Debt / FCF = 2.35 (Net Debt 3.56b / FCF TTM 1.52b)
Total Stockholder Equity = 1.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.58% (Net Income 852.3m / Total Assets 23.59b)
RoE = 85.11% (Net Income TTM 852.3m / Total Stockholder Equity 1.00b)
RoCE = 19.76% (EBIT 1.66b / Capital Employed (Equity 1.00b + L.T.Debt 7.42b))
RoIC = 39.45% (NOPAT 1.13b / Invested Capital 2.85b)
WACC = 5.83% (E(26.70b)/V(35.06b) * Re(7.35%) + D(8.37b)/V(35.06b) * Rd(1.46%) * (1-Tc(0.32)))
Discount Rate = 7.35% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.02%
[DCF Debug] Terminal Value 88.43% ; FCFF base≈1.49b ; Y1≈1.84b ; Y5≈3.14b
Fair Price DCF = 1167 (EV 91.36b - Net Debt 3.56b = Equity 87.80b / Shares 75.2m; r=5.90% [WACC]; 5y FCF grow 25.0% → 2.90% )
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=12.22 | Chg30d=-0.084 | Revisions Net=+3 | Growth EPS=+19.5% | Growth Revenue=+11.8%