HOCHTIEF
Market Cap
€5.8b
Last Updated
2021/01/22 18:34 UTC
Data Sources
Company Financials +
Executive Summary
HOCHTIEF Aktiengesellschaft engages in the construction business worldwide. More Details
Rewards
Risk Analysis
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
| HOT | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.5% | -3.2% | 1.5% |
| 30 Day | 4.7% | 5.5% | 3.6% |
| 90 Day | 16.5% | 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 Year | 16.1%-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
2 weeks ago | Simply Wall St
Is HOCHTIEF Aktiengesellschaft (ETR:HOT) Popular Amongst Institutions?1 month ago | Simply Wall St
HOCHTIEF's(ETR:HOT) Share Price Is Down 47% Over The Past Three Years.2 months ago | Simply Wall St
Should You Buy HOCHTIEF Aktiengesellschaft (ETR:HOT) For Its Dividend?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Executive Board & CEO | 8.17yrs | €4.96m | no data | |
| CFO & Member of the Executive Board | 9.17yrs | €2.45m | no data | |
| Labor Director & Member of Executive Board | 6.67yrs | €1.43m | no data | |
| COO & Member of the Executive Board | 6.67yrs | €1.24m | no data | |
| Investor Relations Officer | no data | no data | no data | |
| Chief Compliance Officer | no data | no data | no data | |
| Senior Vice President of Corporate Communications | no data | no data | no data | |
| Head of Human Resources | no data | no data | no data | |
| Head of Corporate Strategy | 7.33yrs | no data | no data | |
| Head of Corporate Compliance | no data | no data | no data | |
| Head of Capital Markets Strategy | no data | no data | no data | |
| CEO & President of Turner Construction Company | 17.92yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Member of the Supervisory Board | 8.75yrs | €71.00k | no data | |
| Member of the Supervisory Board | 13.58yrs | €148.00k | no data | |
| Chairman of the Supervisory Board | 6.25yrs | €204.50k | no data | |
| Member of the Supervisory Board | 9.67yrs | €117.00k | no data | |
| Independent Member of the Supervisory Board | 6.25yrs | €107.00k | no data | |
| Employee Representative Member of the Supervisory Board | 7.17yrs | €107.50k | no data | |
| Employee Representative Member of the Supervisory Board | 7.17yrs | €117.00k | no data | |
| Deputy Chairman of the Supervisory Board | 4.67yrs | €148.00k | no data | |
| Employee Representative Member of the Supervisory Board | 7.17yrs | €105.50k | no data | |
| Independent Member of the Supervisory Board | 5.75yrs | €107.00k | no data | |
| Independent Member of the Supervisory Board | 5.75yrs | €113.50k | no data | |
| Employee Representative Member of the Supervisory Board | 4.67yrs | €73.00k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HOCF.F | OTCPK (Pink Sheets LLC) | Yes | Bearer Shares | US | USD | Jan 1992 |
| HOT | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Jan 1992 |
| HOT | XTRA (XETRA Trading Platform) | Yes | Bearer Shares | DE | EUR | Jan 1992 |
| 0EPW | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Jan 1992 |
| HOTD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Jan 1992 |
| HOT | SWX (SIX Swiss Exchange) | Yes | Bearer Shares | CH | CHF | Jan 1992 |
| HOT | ETLX (Eurotlx) | Yes | Bearer Shares | IT | EUR | Jan 1992 |
| HOT | WBAG (Wiener Boerse AG) | Yes | Bearer Shares | AT | EUR | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 18:34 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.