Company Profile

HOCHTIEF Aktiengesellschaft

HOT · XETRA
Industry
Construction & Engineering
Exchange
XETRA
Current Price
€402.2
Live · Oct 5, 2026
Fair Buy
≤ €190
Margin-of-safety entry
Baillie Growth Score
41/100
Weak
Intrinsic Value · Three-Tier Range Current price €402.2 Live · Within the fair intrinsic-value range

Composite valuation range · conservative €180–€190 / fair €305–€410 / optimistic €535–€560. At €402.2, Within the fair intrinsic-value range.

At publication €426 (Sep 7, 2026)

About the company

Company overview coming soon.

Background

History

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Industry position

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Research on this stock
41/100 Watch HOCHTIEF: Data Centers Are 21% of Backlog and 32% of FY2025 Orders, and EUR 426 Prices the Boom Against a EUR 358 Base SOTP HOCHTIEF is an Essen-based infrastructure group whose US construction manager Turner supplies most of the earnings, alongside CIMIC's Australian contracting and Thiess mining services, European civil engineering, and equity-accounted stakes of 38.2% in FlatironDragados and 20% in Abertis. FY2025 sales rose 14.8% to EUR 38.24bn and operational net profit 26.3% to EUR 789m, while EUR 16.8bn of data-center orders were 32% of group intake and left data centers at 21% of the EUR 72.5bn year-end backlog; the first half of 2026 then lifted backlog to EUR 84.8bn and 2026 operational-net-profit guidance to EUR 1.025bn to EUR 1.100bn. Rating Watch: at EUR 426 the shares are roughly 31 times midpoint 2026 guidance and 19% above the EUR 358 base sum-of-the-parts, with the conservative case only EUR 238 and an ideal buy range of EUR 180–190. HOCHTIEF AktiengesellschaftHOT · XETRAConstruction & EngineeringSep 7, 2026