HOT Stock Analysis: HOCHTIEF Aktiengesellschaft | XETRA
Engineering & Construction | XETRA, Germany | Market Cap: 32.612m EUR | 12M Return: 95.5% | DE0006070006 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.1M
EPS Trend: 98.7%
Rev. Trend: 98.0%
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
HOCHTIEF Aktiengesellschaft is a Germany-based global construction company founded in 1873 and headquartered in Essen. It operates through segments including Turner, CIMIC, Engineering and Construction, and Abertis, delivering large-scale building, civil engineering, industrial, and infrastructure projects as well as project management, procurement, and maintenance services to public and private clients worldwide. The company also engages in infrastructure investment and serves industrial, energy, natural resources, and civil infrastructure markets. HOCHTIEF is controlled by Spains ACS Group (ACS, Actividades de Construcción y Servicios, S.A.) and is listed on XETRA under the ticker HOT.
The construction and engineering sector is highly cyclical, driven by public infrastructure spending, urbanization, and large-scale industrial demand, and typically operates on long project cycles with fixed-price contracts. In addition to core construction, firms in this space increasingly pursue infrastructure concessions and asset ownership (for example, toll roads and airports) to generate more stable, recurring cash flow than pure project execution alone.
- Turner backlog expands on US data center construction boom
- CIMIC mining services revenue tracks Australian commodity capex
- Abertis toll road traffic drives concession segment cash flow
| Net Income: 888.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 0.34 > 1.0 |
| NWC/Revenue: 7.18% < 20% (prev 2.22%; Δ 4.96% < -1%) |
| CFO/TA 0.08 > 3% & CFO 2.32b > Net Income 888.9m |
| Net Debt (1.68b) to EBITDA (2.33b): 0.72 < 3 |
| Current Ratio: 1.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (75.2m) vs 12m ago 0.01% < -2% |
| Gross Margin: 8.03% > 18% (prev 26.56%; Δ -18.53% > 0.5%) |
| Asset Turnover: 155.9% > 50% (prev 160.2%; Δ -4.33% > 0%) |
| Interest Coverage Ratio: 3.30 > 6 (EBIT TTM 1.68b / Interest Expense TTM 507.8m) |
| A: 0.10 (Total Current Assets 19.4b - Total Current Liabilities 16.5b) / Total Assets 28.2b |
| B: -0.03 (Retained Earnings -906.4m / Total Assets 28.2b) |
| C: 0.07 (EBIT TTM 1.68b / Avg Total Assets 25.7b) |
| D: 0.05 (Book Value of Equity 1.30b / Total Liabilities 26.8b) |
| Altman-Z'' = 1.05 = BB |
| DSRI: 1.09 (Receivables 9.83b/8.32b, Revenue 40.0b/37.0b) |
| GMI: 3.31 (GM 26.56% / 8.03%) |
| AQI: 0.89 (AQ_t 0.25 / AQ_t-1 0.28) |
| SGI: 1.08 (Revenue 40.0b / 37.0b) |
| TATA: -0.05 (NI 888.9m - CFO 2.32b) / TA 28.2b) |
| Beneish M = -0.87 (Cap -4..+1) = D |
As of August 24, 2026, the stock is trading at EUR 427.60 with a total of 35,370 shares traded. Over the past week, the price has changed by -3.48%, over one month by -4.55%, over three months by -11.69% and over the past year by +95.48%.
Current recommended Stop Loss: 403.30 (which is 5.7% or 1.8 ATR below the current price).
HOCHTIEF Aktiengesellschaft has no consensus analysts rating.
P/E Trailing = 36.6357
P/E Forward = 31.746
P/S = 0.8152
P/B = 25.4459
P/EG = 2.7963
Revenue TTM = 40.0b EUR
EBIT TTM = 1.68b EUR
EBITDA TTM = 2.33b EUR
Long Term Debt = 7.40b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 772.0m EUR (from shortTermDebt, last quarter)
Debt = 10.6b EUR (from shortLongTermDebtTotal, last quarter) + Leases 715.1m
Net Debt = 1.68b EUR (calculated: Debt 10.6b - CCE 8.96b)
Enterprise Value = 34.3b EUR (32.6b + Debt 10.6b - CCE 8.96b)
Interest Coverage Ratio = 3.30 (Ebit TTM 1.68b / Interest Expense TTM 507.8m)
EV/FCF = 18.38x (Enterprise Value 34.3b / FCF TTM 1.87b)
FCF Yield = 5.44% (FCF TTM 1.87b / Enterprise Value 34.3b)
FCF Margin = 4.66% (FCF TTM 1.87b / Revenue TTM 40.0b)
Net Margin = 2.22% (Net Income TTM 888.9m / Revenue TTM 40.0b)
Gross Margin = 8.03% ((Revenue TTM 40.0b - Cost of Revenue TTM 36.8b) / Revenue TTM)
Gross Margin QoQ = 7.08% (prev 8.93%)
Tobins Q-Ratio = 1.22 (Enterprise Value 34.3b / Total Assets 28.2b)
Interest Expense / Debt = 4.77% (Interest Expense 507.8m / Debt 10.6b)
Taxrate = 30.05% (434.4m / 1.45b)
NOPAT = 1.17b (EBIT 1.68b * (1 - 30.05%))
Current Ratio = 1.17 (Total Current Assets 19.4b / Total Current Liabilities 16.5b)
Debt / Equity = 8.21 (Debt 10.6b / totalStockholderEquity, last quarter 1.30b)
Debt / EBITDA = 0.72 (Net Debt 1.68b / EBITDA 2.33b)
Debt / FCF = 0.90 (Net Debt 1.68b / FCF TTM 1.87b)
Total Stockholder Equity = 1.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.46% (Net Income 888.9m / Total Assets 28.2b)
RoE = 69.90% (Net Income TTM 888.9m / Total Stockholder Equity 1.27b)
RoCE = 19.35% (EBIT 1.68b / Capital Employed (Equity 1.27b + L.T.Debt 7.40b))
RoIC = 11.17% (NOPAT 1.17b / Invested Capital 10.5b)
WACC = 8.04% (E(32.6b)/V(43.3b) * Re(9.57%) + D(10.6b)/V(43.3b) * Rd(4.77%) * (1-Tc(0.30)))
Discount Rate = 9.57% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.27 | Cagr: 0.02%
[DCF] Terminal Value 77.97% ; FCFF base≈1.70b ; Y1≈1.95b ; Y5≈2.87b
[DCF] Fair Price = 550.9 (EV 43.1b - Net Debt 1.68b = Equity 41.4b / Shares 75.2m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.73 | EPS CAGR: 20.22% | SUE: N/A | # QB: 0
Revenue Correlation: 97.97 | Revenue CAGR: 16.79% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=14.36 | Chg30d=+4.25% | Revisions=+50% | GrowthEPS=+36.9% | GrowthRev=+13.6%
EPS next Year (2027-12-31): EPS=17.97 | Chg30d=+5.52% | Revisions=+57% | GrowthEPS=+25.2% | GrowthRev=+13.0%
[Analyst] Revisions Ratio: +70% (up=7, down=0)