Hochtief AG (DE:HOT)
XETRA:HOT
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Hochtief
(XETRA:HOT)
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Rating:66Neutral
Price Target:
€499.00
▲(7.31% Upside)
Action:Reiterated
Date:05/14/26
The score is driven by strong technical momentum and solid operating/cash-flow performance, partially offset by high financial leverage risk and a relatively expensive valuation (high P/E with a modest dividend yield).
Positive Factors
Strong cash generation
TTM operating and free cash flow are strong and FCF covers ~80%+ of net income. Durable cash conversion supports funding working capital and project needs, helps service interest, and provides flexibility to invest in capex or reduce leverage over the next several quarters.
Negative Factors
Very high leverage
Debt-to-equity near 5.5x indicates elevated financial leverage that reduces the balance-sheet cushion. In a project-driven industry, high leverage amplifies downside from cost overruns or delayed payments and constrains strategic flexibility for the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
TTM operating and free cash flow are strong and FCF covers ~80%+ of net income. Durable cash conversion supports funding working capital and project needs, helps service interest, and provides flexibility to invest in capex or reduce leverage over the next several quarters.
Read all positive factors
Hochtief (HOT) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€38.46B
Dividend Yield1.58%
Average Volume (3M)64.14K
Price to Earnings (P/E)47.9
Beta (1Y)1.23
Revenue Growth9.17%
EPS Growth-15.37%
CountryDE
Employees54,035
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)10.69
Shares Outstanding77,711,300
10 Day Avg. Volume65,004
30 Day Avg. Volume64,141
Financial Highlights & Ratios
PEG Ratio1.72
Price to Book (P/B)20.00
Price to Sales (P/S)0.66
P/FCF Ratio15.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€500.85Price Target Upside7.71% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)13.98
Revenue Forecast (FY)€43.54B
Hochtief Business Overview & Revenue Model
Company Description
HOCHTIEF Aktiengesellschaft operates as a global construction and infrastructure enterprise. The company manages its diverse operations through several key divisions: HOCHTIEF Americas, which provides building and transportation infrastructure sol...
How the Company Makes Money
HOCHTIEF primarily makes money by delivering construction and infrastructure projects and recognizing revenue and profit through contracted work for public- and private-sector customers. Key revenue streams include (1) project execution income fro...
Hochtief Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
43
Neutral
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.71B | 38.24B | 33.30B | 27.76B | 26.22B | 21.38B |
| Gross Profit | 4.59B | 2.91B | 8.78B | 6.85B | 6.32B | 5.29B |
| EBITDA | 2.34B | 1.66B | 2.03B | 1.07B | 968.99M | 747.04M |
| Net Income | 804.57M | 902.33M | 775.63M | 522.75M | 481.77M | 293.40M |
Balance Sheet | ||||||
| Total Assets | 25.20B | 24.94B | 24.65B | 19.01B | 18.30B | 16.24B |
| Cash, Cash Equivalents and Short-Term Investments | 6.64B | 7.07B | 6.25B | 5.78B | 4.94B | 4.57B |
| Total Debt | 8.52B | 8.20B | 8.20B | 5.50B | 5.67B | 4.83B |
| Total Liabilities | 23.60B | 23.55B | 23.46B | 17.74B | 17.07B | 15.15B |
| Stockholders Equity | 1.54B | 1.27B | 1.07B | 1.24B | 1.13B | 801.00M |
Cash Flow | ||||||
| Free Cash Flow | 1.89B | 1.61B | 1.66B | 1.12B | 863.28M | 307.96M |
| Operating Cash Flow | 2.33B | 2.04B | 2.13B | 1.34B | 1.05B | 387.20M |
| Investing Cash Flow | -516.84M | -1.61B | -1.49B | -249.67M | -484.59M | -220.00M |
| Financing Cash Flow | -984.12M | -85.51M | 346.11M | -583.61M | -167.20M | -1.08B |
Hochtief Technical Analysis
Positive
465.00
Price Trends
483.03
Positive
432.90
Positive
358.92
Positive
Market Momentum
6.87
Negative
60.10
Neutral
89.47
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HOT, the sentiment is Positive. The current price of 465 is below the 20-day moving average (MA) of 488.87, below the 50-day MA of 483.03, and above the 200-day MA of 358.92, indicating a bullish trend. The MACD of 6.87 indicates Negative momentum. The RSI at 60.10 is Neutral, neither overbought nor oversold. The STOCH value of 89.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:HOT.
Hochtief Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €38.46B | 47.88 | 85.89% | 1.58% | 9.17% | -15.37% | |
64 Neutral | €32.27M | 1.52 | 10.80% | 5.42% | 81.69% | -19.99% | |
63 Neutral | €3.21B | 17.69 | 13.75% | 1.93% | 4.88% | -1.67% | |
63 Neutral | €32.61B | 25.52 | 7.23% | 1.49% | 1.44% | 11.59% | |
62 Neutral | €1.24B | 23.26 | 8.48% | 1.46% | 18.03% | -28.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €6.53B | 732.17 | 0.10% | 1.23% | -6.47% | ― |
* General Sector Average
DE:HOT
Hochtief
511.00
354.73
227.00%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.