Narrative Update • Aug 18

Over the last 7 days, the Infrastructure industry has dropped 2.3%, driven by declines from every company within the industry. However, the industry is down 10% over the past year. Looking forward, earnings are forecast to grow by 11% annually.
Has the German Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 11 Sep 2026 | €7.9b | €7.7b | €444.8m | 14.1x | 17.8x | 1x |
| Sun, 09 Aug 2026 | €8.7b | €7.8b | €461.1m | 15.4x | 18.8x | 1.1x |
| Tue, 07 Jul 2026 | €9.5b | €7.8b | €503.1m | 15.4x | 18.9x | 1.2x |
| Thu, 04 Jun 2026 | €8.8b | €7.7b | €503.1m | 14.9x | 17.4x | 1.1x |
| Sat, 02 May 2026 | €8.9b | €7.8b | €512.4m | 13.6x | 17.4x | 1.1x |
| Mon, 30 Mar 2026 | €9.4b | €7.8b | €527.2m | 13.3x | 17.7x | 1.2x |
| Wed, 25 Feb 2026 | €10.4b | €7.7b | €598.5m | 13.9x | 17.4x | 1.4x |
| Fri, 23 Jan 2026 | €9.5b | €7.7b | €598.5m | 13x | 15.9x | 1.2x |
| Sun, 21 Dec 2025 | €8.6b | €7.7b | €598.5m | 11.8x | 14.4x | 1.1x |
| Tue, 18 Nov 2025 | €9.3b | €7.7b | €598.5m | 12.6x | 15.6x | 1.2x |
| Thu, 16 Oct 2025 | €9.3b | €7.6b | €519.9m | 13.2x | 18x | 1.2x |
| Sat, 13 Sep 2025 | €9.1b | €7.6b | €506.7m | 13.6x | 18x | 1.2x |
| Mon, 11 Aug 2025 | €9.2b | €7.6b | €509.8m | 13.8x | 18x | 1.2x |
| Wed, 09 Jul 2025 | €7.8b | €7.6b | €532.6m | 11.9x | 14.7x | 1x |
| Fri, 06 Jun 2025 | €7.7b | €7.6b | €532.6m | 12x | 14.5x | 1x |
| Sun, 04 May 2025 | €7.3b | €7.6b | €556.2m | 10.8x | 13.1x | 1x |
| Tue, 01 Apr 2025 | €7.2b | €7.6b | €525.3m | 15.1x | 13.7x | 0.9x |
| Thu, 27 Feb 2025 | €7.1b | €7.4b | €530.0m | 15.2x | 13.4x | 1x |
| Sat, 25 Jan 2025 | €7.1b | €7.4b | €530.0m | 14.9x | 13.3x | 0.9x |
| Mon, 23 Dec 2024 | €7.2b | €7.4b | €530.6m | 13x | 13.6x | 1x |
| Wed, 20 Nov 2024 | €6.3b | €7.4b | €530.6m | 12.2x | 11.8x | 0.8x |
| Fri, 18 Oct 2024 | €6.2b | €7.2b | €530.5m | 12.5x | 11.7x | 0.9x |
| Sun, 15 Sep 2024 | €6.1b | €7.2b | €529.2m | 14.8x | 11.5x | 0.8x |
| Tue, 13 Aug 2024 | €5.8b | €7.2b | €520.3m | 16.7x | 11.1x | 0.8x |
| Thu, 11 Jul 2024 | €6.1b | €7.1b | €488.7m | 17.3x | 12.5x | 0.9x |
| Sat, 08 Jun 2024 | €6.7b | €7.1b | €488.7m | 15.1x | 13.8x | 1x |
| Mon, 06 May 2024 | €6.1b | €7.0b | €454.7m | 14.8x | 13.4x | 0.9x |
| Wed, 03 Apr 2024 | €6.0b | €6.9b | €467.2m | 23.5x | 12.9x | 0.9x |
| Fri, 01 Mar 2024 | €6.4b | €6.7b | €471.8m | 24.6x | 13.7x | 1x |
| Sun, 28 Jan 2024 | €6.7b | €6.7b | €471.8m | 23.7x | 14.2x | 1x |
| Tue, 26 Dec 2023 | €6.7b | €6.7b | €471.8m | 24.3x | 14.3x | 1x |
| Thu, 23 Nov 2023 | €6.5b | €6.7b | €471.9m | 22.2x | 13.7x | 1x |
| Sat, 21 Oct 2023 | €5.8b | €6.6b | €373.1m | 18.8x | 15.6x | 0.9x |
| Mon, 18 Sep 2023 | €6.6b | €6.6b | €410.4m | 20.6x | 16.1x | 1x |
16.1x
Which industries have driven the changes within the German Industrials industry?
| DE Market | -2.13% | |
| Industrials | -2.98% | |
| Infrastructure | -3.41% | |
| Marine Ports and Services | -0.64% | |
| Airport Services | -4.60% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HHFA Hamburger Hafen und Logistik | €21.50 | 0.5% +€7.5m | 2.4% | PS0.9x |