View ValuationHOCHTIEF 향후 성장Future 기준 점검 4/6HOCHTIEF (는) 각각 연간 19.5% 및 9.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 17.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 43.2% 로 예상됩니다.핵심 정보19.5%이익 성장률17.24%EPS 성장률Construction 이익 성장13.4%매출 성장률9.6%향후 자기자본이익률43.16%애널리스트 커버리지Good마지막 업데이트23 Jun 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • May 12First quarter 2026 earnings released: EPS: €2.79 (vs €4.09 in 1Q 2025)First quarter 2026 results: EPS: €2.79 (down from €4.09 in 1Q 2025). Revenue: €9.41b (up 5.6% from 1Q 2025). Net income: €210.0m (down 32% from 1Q 2025). Profit margin: 2.2% (down from 3.5% in 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Construction industry in Italy. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.New Risk • May 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €553, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 11x in the Construction industry in Italy. Total returns to shareholders of 694% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €427 per share.Buy Or Sell Opportunity • May 05Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 43% to €498. The fair value is estimated to be €399, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Upcoming Dividend • Apr 23Upcoming dividend of €6.60 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (3.4%).Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €453, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 11x in the Construction industry in Italy. Total returns to shareholders of 533% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €408 per share.Declared Dividend • Mar 19Dividend increased to €6.60Dividend of €6.60 is 26% higher than last year. Ex-date: 30th April 2026 Payment date: 7th July 2026 Dividend yield will be 1.7%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 18HOCHTIEF Aktiengesellschaft announces Annual dividend, payable on July 07, 2026HOCHTIEF Aktiengesellschaft announced Annual dividend of EUR 6.6000 per share payable on July 07, 2026, ex-date on April 30, 2026 and record date on May 04, 2026.공시 • Mar 17+ 1 more updateHOCHTIEF Aktiengesellschaft, Annual General Meeting, Apr 29, 2026HOCHTIEF Aktiengesellschaft, Annual General Meeting, Apr 29, 2026, at 10:30 W. Europe Standard Time.Reported Earnings • Feb 23Full year 2025 earnings released: EPS: €11.99 (vs €10.31 in FY 2024)Full year 2025 results: EPS: €11.99 (up from €10.31 in FY 2024). Revenue: €38.9b (up 17% from FY 2024). Net income: €902.3m (up 16% from FY 2024). Profit margin: 2.3% (in line with FY 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Construction industry in Italy. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.공시 • Feb 21+ 1 more updateHochtief Aktiengesellschaft Announces Dividend for the Year 2025HOCHTIEF Aktiengesellschaft envisaged 2026 and beyond, the proposed dividend for last year is EUR 6.6 per share. This represents a 26% increase year-on-year, consistent with the group's operational net profit growth and is in line with the 65% dividend payout policy.공시 • Jan 13HOCHTIEF Aktiengesellschaft to Report Nine Months, 2026 Results on Nov 05, 2026HOCHTIEF Aktiengesellschaft announced that they will report nine months, 2026 results on Nov 05, 2026공시 • Jan 11+ 1 more updateHOCHTIEF Aktiengesellschaft to Report Q2, 2026 Results on Jul 27, 2026HOCHTIEF Aktiengesellschaft announced that they will report Q2, 2026 results on Jul 27, 2026New Risk • Dec 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results.New Risk • Nov 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: €2.32 (vs €1.90 in 3Q 2024)Third quarter 2025 results: EPS: €2.32 (up from €1.90 in 3Q 2024). Revenue: €9.74b (up 9.1% from 3Q 2024). Net income: €174.6m (up 22% from 3Q 2024). Profit margin: 1.8% (up from 1.6% in 3Q 2024). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Construction industry in Italy. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €257, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Construction industry in Italy. Total returns to shareholders of 512% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €321 per share.Reported Earnings • Jul 26Second quarter 2025 earnings released: EPS: €2.30 (vs €4.03 in 2Q 2024)Second quarter 2025 results: EPS: €2.30 (down from €4.03 in 2Q 2024). Revenue: €9.45b (up 20% from 2Q 2024). Net income: €173.2m (down 43% from 2Q 2024). Profit margin: 1.8% (down from 3.8% in 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Construction industry in Italy. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.New Risk • May 14New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results.Reported Earnings • May 13First quarter 2025 earnings released: EPS: €4.09 (vs €1.77 in 1Q 2024)First quarter 2025 results: EPS: €4.09 (up from €1.77 in 1Q 2024). Revenue: €9.10b (up 35% from 1Q 2024). Net income: €307.8m (up 132% from 1Q 2024). Profit margin: 3.4% (up from 2.0% in 1Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Construction industry in Italy. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 38% per year.Declared Dividend • Apr 19Dividend increased to €5.23Dividend of €5.23 is 19% higher than last year. Ex-date: 30th April 2025 Payment date: 5th May 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 20HOCHTIEF Aktiengesellschaft announces Annual dividend, payable on May 05, 2025HOCHTIEF Aktiengesellschaft announced Annual dividend of EUR 5.2300 per share payable on May 05, 2025, ex-date on April 30, 2025 and record date on May 02, 2025.이익 및 매출 성장 예측BIT:1HOT - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202852,6721,5211,6582,591512/31/202748,3261,2921,5782,093712/31/202643,1961,0371,4202,20563/31/202638,7138051,8912,326N/A12/31/202538,2369021,6132,038N/A9/30/202537,8348521,5192,068N/A6/30/202537,0198201,4491,976N/A3/31/202535,4619511,5022,036N/A12/31/202433,3017761,6562,129N/A9/30/202430,9717211,4551,791N/A6/30/202429,3926971,4431,686N/A3/31/202428,3245281,3421,536N/A12/31/202327,7565231,1241,335N/A9/30/202327,4585079341,171N/A6/30/202327,291503746981N/A3/31/202327,075503443663N/A12/31/202226,2194828631,051N/A9/30/202224,913273381520N/A6/30/202223,052258398501N/A3/31/202221,777232370450N/A12/31/202121,378212308387N/A9/30/202120,635365253423N/A6/30/202121,277387524767N/A3/31/202121,733366190504N/A12/31/202022,954395310707N/A9/30/202025,008715234710N/A6/30/202025,78977093594N/A3/31/202026,275834361899N/A12/31/201925,852847N/A1,117N/A9/30/201925,232595N/A1,384N/A6/30/201924,689592N/A1,591N/A3/31/201924,349573N/A1,527N/A12/31/201823,882543N/A1,572N/A9/30/201823,499522N/A1,568N/A6/30/201822,816461N/A1,499N/A3/31/201822,748430N/A1,505N/A12/31/201722,631421N/A1,372N/A9/30/201722,045400N/A1,249N/A6/30/201721,560369N/A1,461N/A3/31/201720,643345N/A1,280N/A12/31/201619,908320N/A1,173N/A9/30/201619,443281N/A1,088N/A6/30/201619,678241N/A974N/A3/31/201620,452220N/A1,256N/A12/31/201521,097208N/A1,135N/A9/30/201522,200-168N/A1,119N/A6/30/201522,376-219N/A1,193N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 1HOT 의 연간 예상 수익 증가율(19.5%)이 saving rate(3.3%)보다 높습니다.수익 vs 시장: 1HOT 의 연간 수익(19.5%)이 Italian 시장(11%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 1HOT 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 1HOT 의 수익(연간 9.6%)이 Italian 시장(연간 5.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 1HOT 의 수익(연간 9.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 1HOT의 자본 수익률은 3년 후 43.2%로 매우 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/28 07:12종가2026/06/26 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스HOCHTIEF Aktiengesellschaft는 22명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Christian WeizBaader Helvea Equity ResearchPatrick AppenzellerBaader Helvea Equity ResearchJosé ArroyasBanco Santander19명의 분석가 더 보기
Reported Earnings • May 12First quarter 2026 earnings released: EPS: €2.79 (vs €4.09 in 1Q 2025)First quarter 2026 results: EPS: €2.79 (down from €4.09 in 1Q 2025). Revenue: €9.41b (up 5.6% from 1Q 2025). Net income: €210.0m (down 32% from 1Q 2025). Profit margin: 2.2% (down from 3.5% in 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Construction industry in Italy. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • May 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €553, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 11x in the Construction industry in Italy. Total returns to shareholders of 694% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €427 per share.
Buy Or Sell Opportunity • May 05Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 43% to €498. The fair value is estimated to be €399, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Upcoming Dividend • Apr 23Upcoming dividend of €6.60 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 07 July 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (3.4%).
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €453, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 11x in the Construction industry in Italy. Total returns to shareholders of 533% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €408 per share.
Declared Dividend • Mar 19Dividend increased to €6.60Dividend of €6.60 is 26% higher than last year. Ex-date: 30th April 2026 Payment date: 7th July 2026 Dividend yield will be 1.7%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 18HOCHTIEF Aktiengesellschaft announces Annual dividend, payable on July 07, 2026HOCHTIEF Aktiengesellschaft announced Annual dividend of EUR 6.6000 per share payable on July 07, 2026, ex-date on April 30, 2026 and record date on May 04, 2026.
공시 • Mar 17+ 1 more updateHOCHTIEF Aktiengesellschaft, Annual General Meeting, Apr 29, 2026HOCHTIEF Aktiengesellschaft, Annual General Meeting, Apr 29, 2026, at 10:30 W. Europe Standard Time.
Reported Earnings • Feb 23Full year 2025 earnings released: EPS: €11.99 (vs €10.31 in FY 2024)Full year 2025 results: EPS: €11.99 (up from €10.31 in FY 2024). Revenue: €38.9b (up 17% from FY 2024). Net income: €902.3m (up 16% from FY 2024). Profit margin: 2.3% (in line with FY 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Construction industry in Italy. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Feb 21+ 1 more updateHochtief Aktiengesellschaft Announces Dividend for the Year 2025HOCHTIEF Aktiengesellschaft envisaged 2026 and beyond, the proposed dividend for last year is EUR 6.6 per share. This represents a 26% increase year-on-year, consistent with the group's operational net profit growth and is in line with the 65% dividend payout policy.
공시 • Jan 13HOCHTIEF Aktiengesellschaft to Report Nine Months, 2026 Results on Nov 05, 2026HOCHTIEF Aktiengesellschaft announced that they will report nine months, 2026 results on Nov 05, 2026
공시 • Jan 11+ 1 more updateHOCHTIEF Aktiengesellschaft to Report Q2, 2026 Results on Jul 27, 2026HOCHTIEF Aktiengesellschaft announced that they will report Q2, 2026 results on Jul 27, 2026
New Risk • Dec 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results.
New Risk • Nov 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: €2.32 (vs €1.90 in 3Q 2024)Third quarter 2025 results: EPS: €2.32 (up from €1.90 in 3Q 2024). Revenue: €9.74b (up 9.1% from 3Q 2024). Net income: €174.6m (up 22% from 3Q 2024). Profit margin: 1.8% (up from 1.6% in 3Q 2024). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Construction industry in Italy. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €257, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Construction industry in Italy. Total returns to shareholders of 512% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €321 per share.
Reported Earnings • Jul 26Second quarter 2025 earnings released: EPS: €2.30 (vs €4.03 in 2Q 2024)Second quarter 2025 results: EPS: €2.30 (down from €4.03 in 2Q 2024). Revenue: €9.45b (up 20% from 2Q 2024). Net income: €173.2m (down 43% from 2Q 2024). Profit margin: 1.8% (down from 3.8% in 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Construction industry in Italy. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • May 14New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results.
Reported Earnings • May 13First quarter 2025 earnings released: EPS: €4.09 (vs €1.77 in 1Q 2024)First quarter 2025 results: EPS: €4.09 (up from €1.77 in 1Q 2024). Revenue: €9.10b (up 35% from 1Q 2024). Net income: €307.8m (up 132% from 1Q 2024). Profit margin: 3.4% (up from 2.0% in 1Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Construction industry in Italy. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 38% per year.
Declared Dividend • Apr 19Dividend increased to €5.23Dividend of €5.23 is 19% higher than last year. Ex-date: 30th April 2025 Payment date: 5th May 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 20HOCHTIEF Aktiengesellschaft announces Annual dividend, payable on May 05, 2025HOCHTIEF Aktiengesellschaft announced Annual dividend of EUR 5.2300 per share payable on May 05, 2025, ex-date on April 30, 2025 and record date on May 02, 2025.