3 months Premium FREE
No credit card. No commitment.
HOCHTIEF Aktiengesellschaft
🇩🇪 HOT.XETRA · Frankfurt · DE0006070006
Infrastructure
Scores
Key Metrics
Powered by EODHDP/E (TTM)
36.1
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Net Debt/EBITDA (TTM)
0.4x
Latest quarter: 1.7x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
Latest quarter (2026-06-30): 1.7x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
ROE
92.9%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
9.2x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Dividend Summary
Powered by EODHDDividend Yield (Fwd)
1.29%
TTM: 1.55%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Forward Yield (estimated): 1.29%
Trailing Yield (TTM, last 12 months): 1.55%
Payout Ratio (Fwd)
55.9% TTM
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Dividend History
EODHD Dividends API| Status | Type | Decl. Date | Ex-Div Date | Pay Date | Currency | Amount |
|---|---|---|---|---|---|---|
| Forecast* | Interim | — | 30 Apr 2027 | — | EUR | 6.6 |
| Paid | Interim | 20 Feb 2026 | 30 Apr 2026 | 07 Jul 2026 | EUR | 6.6 |
* Extrapolated from past dividend history. Not an official announcement — treat as an estimate, not a confirmed date or amount.
Summary
HOCHTIEF is a premier global infrastructure group with robust cash flow generation, excellent net leverage metrics, and an expanding project backlog. While the underlying business quality is strong, current valuation multiples are severely stretched and the 1.55% yield offers little immediate income. The stock is currently in the WATCH category; existing holders should maintain, but the lack of a margin of safety means new positions should wait for a significant market correction.
Sector Context
HOCHTIEF operates globally in Engineering, Construction, and Infrastructure. While construction can be cyclical and low-margin, the company bolsters its cash flows through a massive global footprint and strategic toll-road stakes (e.g., Abertis). For DGI investors, capital-intensive infrastructure companies require careful scrutiny of debt loads and project backlogs.
📊 Strategy Analysis
- • Exceptional dividend safety with Free Cash Flow covering the dividend 3.17x (cash flow payout of only 24.9%).
- • Pristine balance sheet metrics with Net Debt/EBITDA at a very low 0.41x.
- • Strong fundamental growth momentum, featuring a 5-year revenue CAGR of 12.3% and an expanding order book.
- • Aggressive recent dividend growth trajectory, recovering from pandemic cuts with recent hikes of 10.0% and 18.9%.
⚠ What to Watch
- • Severely stretched valuation multiples with a TTM P/E of 36.14x and P/FFO of 19.65x, well above historical norms for the sector.
- • The current dividend yield of 1.55% provides a minimal income baseline, making it unattractive for current-yield focused portfolios.
- • Major long-term structural risk from the impending expiration of critical Abertis French toll road concessions (Sanef in 2031, SAPN in 2033), which threaten a significant portion of future recurring earnings.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-08-22
Disclaimer: This information is for educational purposes only. Not financial advice.