HOCHTIEF Aktiengesellschaft (ETR:HOT) Shares Could Be 44% Below Their Intrinsic Value Estimate
Aug 28
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German (DAX) Construction Industry Analysis
UpdatedSep 03, 2025
DataAggregated Company Financials
Companies9
- 7D-3.9%
- 3M24.5%
- 1Y81.2%
- YTD49.7%
Over the last 7 days, the Construction industry has dropped 3.9%, driven by a pullback from BAUER of 5.6%. Over the past 12 months, the industry was up 81%. As for the next few years, earnings are expected to grow by 10% per annum.
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, 04 Sep 2025 | €17.4b | €40.0b | €838.7m | 27.9x | 20.7x | 0.4x |
| Sat, 02 Aug 2025 | €15.6b | €40.1b | €846.8m | 28.9x | 18.4x | 0.4x |
| Mon, 30 Jun 2025 | €14.1b | €38.5b | €984.5m | 22.1x | 14.3x | 0.4x |
| Wed, 28 May 2025 | €14.1b | €38.5b | €984.5m | 20.9x | 14.3x | 0.4x |
| Fri, 25 Apr 2025 | €13.8b | €35.9b | €799.9m | 30.6x | 17.2x | 0.4x |
| Sun, 23 Mar 2025 | €14.7b | €35.9b | €799.9m | 33x | 18.3x | 0.4x |
| Tue, 18 Feb 2025 | €12.8b | €33.6b | €745.1m | 28.4x | 17.2x | 0.4x |
| Thu, 16 Jan 2025 | €11.6b | €33.6b | €738.1m | 32.4x | 15.7x | 0.3x |
| Sat, 14 Dec 2024 | €10.9b | €33.7b | €727.9m | 31.3x | 14.9x | 0.3x |
| Mon, 11 Nov 2024 | €9.9b | €33.7b | €727.9m | 33x | 13.7x | 0.3x |
| Wed, 09 Oct 2024 | €9.7b | €32.1b | €704.2m | 39.1x | 13.8x | 0.3x |
| Fri, 06 Sep 2024 | €9.4b | €32.1b | €704.0m | 46x | 13.4x | 0.3x |
| Sun, 04 Aug 2024 | €9.2b | €32.1b | €704.3m | 46.3x | 13.1x | 0.3x |
| Tue, 02 Jul 2024 | €9.5b | €31.0b | €431.0m | 58.3x | 22x | 0.3x |
| Thu, 30 May 2024 | €9.4b | €31.0b | €431.0m | 70x | 21.7x | 0.3x |
| Sat, 27 Apr 2024 | €9.2b | €30.4b | €435.7m | 52x | 21.1x | 0.3x |
| Mon, 25 Mar 2024 | €10.1b | €30.4b | €435.7m | 62.2x | 23.2x | 0.3x |
| Wed, 21 Feb 2024 | €9.8b | €30.1b | €420.4m | 68.2x | 23.2x | 0.3x |
| Fri, 19 Jan 2024 | €10.6b | €31.8b | €334.4m | 51.5x | 31.8x | 0.3x |
| Sun, 17 Dec 2023 | €10.1b | €31.7b | €328.6m | 66.7x | 30.7x | 0.3x |
| Tue, 14 Nov 2023 | €9.7b | €31.7b | €328.6m | 60x | 29.5x | 0.3x |
| Thu, 12 Oct 2023 | €10.1b | €31.6b | €324.9m | 74.7x | 31.1x | 0.3x |
| Sat, 09 Sep 2023 | €10.8b | €31.6b | €328.2m | 14.9x | 32.8x | 0.3x |
| Mon, 07 Aug 2023 | €10.2b | €31.5b | €331.9m | 13.3x | 30.8x | 0.3x |
| Wed, 05 Jul 2023 | €6.7b | €30.8b | €316.8m | 7.4x | 21x | 0.2x |
| Fri, 02 Jun 2023 | €6.4b | €29.0b | €410.6m | 6.7x | 15.7x | 0.2x |
| Sun, 30 Apr 2023 | €6.1b | €28.0b | €385.3m | 6.2x | 15.9x | 0.2x |
| Tue, 28 Mar 2023 | €6.0b | €28.2b | €512.4m | 6.8x | 11.6x | 0.2x |
| Thu, 23 Feb 2023 | €4.7b | €26.9b | €304.1m | 6.6x | 15.3x | 0.2x |
| Sat, 21 Jan 2023 | €4.7b | €26.9b | €304.1m | 6.9x | 15.6x | 0.2x |
| Mon, 19 Dec 2022 | €4.2b | €26.9b | €308.4m | 7.8x | 13.7x | 0.2x |
| Wed, 16 Nov 2022 | €4.4b | €26.9b | €304.4m | 11.1x | 14.5x | 0.2x |
| Fri, 14 Oct 2022 | €3.9b | €25.0b | €289.1m | 10.1x | 13.4x | 0.2x |
| Sun, 11 Sep 2022 | €4.0b | €25.0b | €289.1m | 12.7x | 13.8x | 0.2x |
Price to Earnings Ratio
13.8x
Current Industry PE
- Investors are relatively neutral on the German Construction industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 19.3x.
- The industry is trading close to its 3-year average PS ratio of 0.29x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 43% per year over the last three years.
- Revenues for these companies have grown 17% 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 | -2.34% | |
| Industrials | -2.46% | |
| Construction | -3.90% | |
| Construction and Engineering | -3.90% | |
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 | |
|---|---|---|---|---|---|
| HOT HOCHTIEF | €216.00 | 1.0% +€165.5m | 98.2% | PE19.8x | |
| NCH2 thyssenkrupp nucera KGaA | €9.08 | 0.9% +€10.1m | 7.1% | PE71.7x | |
| 3SQ1 AHT Syngas Technology | €5.20 | 4.0% +€468.0k | -64.4% | PS1.5x |
