Statutory Profit Doesn't Reflect How Good HOCHTIEF's (ETR:HOT) Earnings Are
Nov 15
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German (DAX) Construction Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies10
- 7D0.3%
- 3M2.4%
- 1Y-0.8%
- YTD-3.1%
Over the last 7 days, the Construction industry has dropped 1.4%, driven by HOCHTIEF declining 1.5%. Overall the industry is down 4.5% in 12 months. Looking forward, earnings are forecast to grow by 9.5% annually.
Industry Valuation and Performance
Has the German Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | €9.8b | €33.7b | €727.9m | 32.3x | 13.5x | 0.3x |
| Sat, 19 Oct 2024 | €10.3b | €32.1b | €704.2m | 36.9x | 14.6x | 0.3x |
| Mon, 16 Sep 2024 | €9.4b | €32.1b | €704.0m | 43.1x | 13.3x | 0.3x |
| Wed, 14 Aug 2024 | €9.2b | €32.1b | €704.3m | 43.2x | 13.1x | 0.3x |
| Fri, 12 Jul 2024 | €9.7b | €31.0b | €431.0m | 61.2x | 22.5x | 0.3x |
| Sun, 09 Jun 2024 | €9.1b | €31.0b | €431.0m | 67.4x | 21.2x | 0.3x |
| Tue, 07 May 2024 | €9.4b | €30.4b | €435.7m | 54.4x | 21.6x | 0.3x |
| Thu, 04 Apr 2024 | €9.9b | €30.4b | €435.7m | 58.5x | 22.8x | 0.3x |
| Sat, 02 Mar 2024 | €10.5b | €30.4b | €435.8m | 65.5x | 24x | 0.3x |
| Mon, 29 Jan 2024 | €10.7b | €31.8b | €334.4m | 50x | 31.9x | 0.3x |
| Wed, 27 Dec 2023 | €10.4b | €31.8b | €334.1m | 58.3x | 31.2x | 0.3x |
| Fri, 24 Nov 2023 | €10.1b | €31.7b | €328.6m | 69.2x | 30.8x | 0.3x |
| Sun, 22 Oct 2023 | €9.6b | €31.6b | €324.9m | 68.7x | 29.5x | 0.3x |
| Tue, 19 Sep 2023 | €10.5b | €31.6b | €328.2m | 14.6x | 32x | 0.3x |
| Thu, 17 Aug 2023 | €10.5b | €31.5b | €331.9m | 13.9x | 31.7x | 0.3x |
| Sat, 15 Jul 2023 | €9.6b | €30.8b | €316.8m | 7.3x | 30.3x | 0.3x |
| Mon, 12 Jun 2023 | €6.6b | €29.0b | €410.6m | 6.9x | 16x | 0.2x |
| Wed, 10 May 2023 | €6.2b | €28.6b | €406.7m | 6.4x | 15.2x | 0.2x |
| Fri, 07 Apr 2023 | €6.4b | €28.2b | €508.4m | 8.1x | 12.6x | 0.2x |
| Sun, 05 Mar 2023 | €5.3b | €28.2b | €512.4m | 6.6x | 10.4x | 0.2x |
| Tue, 31 Jan 2023 | €4.7b | €26.9b | €304.1m | 6.9x | 15.5x | 0.2x |
| Thu, 29 Dec 2022 | €4.3b | €26.9b | €304.1m | 6.5x | 14.1x | 0.2x |
| Sat, 26 Nov 2022 | €4.5b | €26.9b | €304.5m | 12.1x | 14.8x | 0.2x |
| Mon, 24 Oct 2022 | €4.0b | €25.0b | €289.0m | 10.9x | 13.9x | 0.2x |
| Wed, 21 Sep 2022 | €4.0b | €25.0b | €289.0m | 10.3x | 13.9x | 0.2x |
| Fri, 19 Aug 2022 | €4.3b | €25.0b | €289.2m | 13.6x | 15x | 0.2x |
| Sun, 17 Jul 2022 | €3.7b | €23.8b | €253.2m | 14.3x | 14.6x | 0.2x |
| Tue, 14 Jun 2022 | €4.0b | €23.7b | €253.4m | 17.3x | 15.8x | 0.2x |
| Thu, 12 May 2022 | €4.3b | €23.7b | €246.4m | 16.7x | 17.5x | 0.2x |
| Sat, 09 Apr 2022 | €4.5b | €23.3b | €225.6m | 19.2x | 20.1x | 0.2x |
| Mon, 07 Mar 2022 | €4.1b | €23.2b | €219.5m | 15.7x | 18.6x | 0.2x |
| Wed, 02 Feb 2022 | €5.2b | €22.5b | €372.2m | 14.1x | 13.8x | 0.2x |
| Fri, 31 Dec 2021 | €5.2b | €22.5b | €372.1m | 14.3x | 14.1x | 0.2x |
| Sun, 28 Nov 2021 | €4.9b | €22.5b | €372.1m | 13.5x | 13.3x | 0.2x |
Price to Earnings Ratio
13.3x
Current Industry PE
- Investors are pessimistic on the German Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 13.4x which is lower than its 3-year average PE of 19.3x.
- The industry is trading close to its 3-year average PS ratio of 0.25x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 25% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the German Industrials industry?
| DE Market | -0.41% | |
| Industrials | -0.54% | |
| Construction | 0.29% | |
| Construction and Engineering | 0.29% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NCH2 thyssenkrupp nucera KGaA | €8.44 | 1.5% +€15.8m | -49.9% | PE186.9x | |
| HOT HOCHTIEF | €113.50 | 0.2% +€15.0m | 14.2% | PE11.8x | |
| EBGK Aleia Holding | €0.35 | 6.1% +€371.1k | -44.4% | PB0.4x | |
| A62 IGP Advantag | €0.0015 | 50.0% +€13.9k | -99.5% | PS0.0007x |