XTRA:HOT

Stock Analysis Report

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Executive Summary

HOCHTIEF Aktiengesellschaft engages in the construction business worldwide. More Details


Snowflake Analysis

Reasonable growth potential average dividend payer.


Similar Companies

Share Price & News

How has HOCHTIEF's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HOT is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HOT's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-3.5%

HOT

-3.2%

DE Construction

1.5%

DE Market


1 Year Return

-25.2%

HOT

-24.2%

DE Construction

3.6%

DE Market

Return vs Industry: HOT underperformed the German Construction industry which returned -20.5% over the past year.

Return vs Market: HOT underperformed the German Market which returned 4.9% over the past year.


Shareholder returns

HOTIndustryMarket
7 Day-3.5%-3.2%1.5%
30 Day4.7%5.5%3.6%
90 Day16.5%17.0%11.9%
1 Year-18.8%-25.2%-18.0%-24.2%6.9%3.6%
3 Year-35.6%-44.3%-35.9%-44.2%5.7%-3.5%
5 Year16.1%-2.9%16.0%-2.3%42.4%22.5%

Long-Term Price Volatility Vs. Market

How volatile is HOCHTIEF's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is HOCHTIEF undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HOT (€82.1) is trading below our estimate of fair value (€245.23)

Significantly Below Fair Value: HOT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HOT is unprofitable, so we can't compare its PE Ratio to the XE Construction industry average.

PE vs Market: HOT is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HOT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HOT is overvalued based on its PB Ratio (7.6x) compared to the XE Construction industry average (1.2x).


Next Steps

Future Growth

How is HOCHTIEF forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

26.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HOT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.07%).

Earnings vs Market: HOT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HOT's is expected to become profitable in the next 3 years.

Revenue vs Market: HOT's revenue (3.2% per year) is forecast to grow slower than the German market (6% per year).

High Growth Revenue: HOT's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HOT's Return on Equity is forecast to be high in 3 years time (39.1%)


Next Steps

Past Performance

How has HOCHTIEF performed over the past 5 years?

-11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HOT is currently unprofitable.

Growing Profit Margin: HOT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HOT is unprofitable, and losses have increased over the past 5 years at a rate of 11% per year.

Accelerating Growth: Unable to compare HOT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HOT is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (1.8%).


Return on Equity

High ROE: HOT has a negative Return on Equity (-47.91%), as it is currently unprofitable.


Next Steps

Financial Health

How is HOCHTIEF's financial position?


Financial Position Analysis

Short Term Liabilities: HOT's short term assets (€12.9B) exceed its short term liabilities (€11.6B).

Long Term Liabilities: HOT's short term assets (€12.9B) exceed its long term liabilities (€6.0B).


Debt to Equity History and Analysis

Debt Level: HOT's debt to equity ratio (639.3%) is considered high.

Reducing Debt: HOT's debt to equity ratio has increased from 82.4% to 639.3% over the past 5 years.

Debt Coverage: HOT's debt is not well covered by operating cash flow (18.2%).

Interest Coverage: HOT is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is HOCHTIEF current dividend yield, its reliability and sustainability?

7.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HOT's dividend (7.06%) is higher than the bottom 25% of dividend payers in the German market (0.97%).

High Dividend: HOT's dividend (7.06%) is in the top 25% of dividend payers in the German market (3.47%)


Stability and Growth of Payments

Stable Dividend: HOT's dividend payments have been volatile in the past 10 years.

Growing Dividend: HOT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: HOT is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: HOT's dividends in 3 years are forecast to be covered by earnings (54.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.8yrs

Average management tenure


CEO

Marcelino Fernández Verdes (65 yo)

8.17yrs

Tenure

€4,959,000

Compensation

Mr. Marcelino Fernández Verdes, Civ Eng, served as Executive Chairman of CIMIC Group Limited from June 11, 2014 to November 6, 2020 and served as its Executive Director from October 10, 2012 to November 6,...


CEO Compensation Analysis

Compensation vs Market: Marcelino's total compensation ($USD6.04M) is above average for companies of similar size in the German market ($USD3.71M).

Compensation vs Earnings: Marcelino's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Marcelino Fernández Verdes
Chairman of the Executive Board & CEO8.17yrs€4.96mno data
Peter-Wilhelm Sassenfeld
CFO & Member of the Executive Board9.17yrs€2.45mno data
Nikolaus Graf von Matuschka
Labor Director & Member of Executive Board6.67yrs€1.43mno data
José Ignacio Escobar
COO & Member of the Executive Board6.67yrs€1.24mno data
Nadine Wärmer
Investor Relations Officerno datano datano data
Georg von Bronk
Chief Compliance Officerno datano datano data
Bernd Pütter
Senior Vice President of Corporate Communicationsno datano datano data
Martina Steffen
Head of Human Resourcesno datano datano data
Michael Pinkney
Head of Corporate Strategy7.33yrsno datano data
Alexandra Albrecht-Baba
Head of Corporate Complianceno datano datano data
Tobias Loskamp
Head of Capital Markets Strategyno datano datano data
Peter Davoren
CEO & President of Turner Construction Company17.92yrsno datano data

7.8yrs

Average Tenure

56yo

Average Age

Experienced Management: HOT's management team is seasoned and experienced (7.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Francisco Javier Garcia Sanz
Independent Member of the Supervisory Board8.75yrs€71.00kno data
Ángel Manuel García Altozano
Member of the Supervisory Board13.58yrs€148.00kno data
Pedro Jose López Jiménez
Chairman of the Supervisory Board6.25yrs€204.50kno data
José Luis Del Valle Pérez
Member of the Supervisory Board9.67yrs€117.00kno data
Christine Wolff
Independent Member of the Supervisory Board6.25yrs€107.00kno data
Carsten Burckhardt
Employee Representative Member of the Supervisory Board7.17yrs€107.50kno data
Klaus Stümper
Employee Representative Member of the Supervisory Board7.17yrs€117.00kno data
Matthias Maurer
Deputy Chairman of the Supervisory Board4.67yrs€148.00kno data
Nikolaos Paraskevopoulos
Employee Representative Member of the Supervisory Board7.17yrs€105.50kno data
Beate Bell
Independent Member of the Supervisory Board5.75yrs€107.00kno data
Patricia Geibel-Conrad
Independent Member of the Supervisory Board5.75yrs€113.50kno data
Christoph Breimann
Employee Representative Member of the Supervisory Board4.67yrs€73.00kno data

6.7yrs

Average Tenure

59.5yo

Average Age

Experienced Board: HOT's board of directors are considered experienced (6.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

HOCHTIEF Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HOCHTIEF Aktiengesellschaft
  • Ticker: HOT
  • Exchange: XTRA
  • Founded: 1873
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €5.820b
  • Shares outstanding: 68.19m
  • Website: https://www.hochtief.com

Number of Employees


Location

  • HOCHTIEF Aktiengesellschaft
  • Alfredstrasse 236
  • Essen
  • North Rhine-Westphalia
  • 45133
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HOCF.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJan 1992
HOTDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
HOTXTRA (XETRA Trading Platform)YesBearer SharesDEEURJan 1992
0EPWLSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
HOTDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
HOTSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJan 1992
HOTETLX (Eurotlx)YesBearer SharesITEURJan 1992
HOTWBAG (Wiener Boerse AG)YesBearer SharesATEURJan 1992

Biography

HOCHTIEF Aktiengesellschaft engages in the construction business worldwide. The company operates through HOCHTIEF Americas, HOCHTIEF Asia Pacific, and HOCHTIEF Europe divisions. The HOCHTIEF Americas divis...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 18:34
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.