HOCHTIEF AG |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 98.62 EUR | -1.08% |
|
-3.05% | -1.79% |
| Jun. 07 | Hungarian state acquires majority stake in Budapest airport | DP |
| Jun. 06 | Trade union accepts wage agreement in construction | DP |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,030 | 5,424 | 4,836 | 3,961 | 7,544 | 7,499 | - | - |
| Enterprise Value (EV) 1 | 6,501 | 4,806 | 4,280 | 3,607 | 7,544 | 6,782 | 6,639 | 6,652 |
| P/E ratio | -38.9 x | 12.9 x | 23.3 x | 7.89 x | 14.4 x | 13.3 x | 12.1 x | 10.5 x |
| Yield | 5.1% | 4.94% | 2.69% | 7.59% | - | 4.83% | 5.3% | 5.91% |
| Capitalization / Revenue | 0.31 x | 0.24 x | 0.23 x | 0.15 x | 0.27 x | 0.25 x | 0.24 x | 0.23 x |
| EV / Revenue | 0.25 x | 0.21 x | 0.2 x | 0.14 x | 0.27 x | 0.23 x | 0.21 x | 0.2 x |
| EV / EBITDA | 3.43 x | 2.82 x | 4 x | 3.05 x | 6.13 x | 5.14 x | 4.92 x | 4.53 x |
| EV / FCF | 5.99 x | 15.5 x | 13.9 x | 4.07 x | - | 22.4 x | 11.2 x | 8.56 x |
| FCF Yield | 16.7% | 6.45% | 7.19% | 24.6% | - | 4.46% | 8.95% | 11.7% |
| Price to Book | 6.29 x | 8.1 x | 6.05 x | 3.35 x | - | 5.11 x | 4.32 x | 3.49 x |
| Nbr of stocks (in thousands) | 70,624 | 68,187 | 68,116 | 75,189 | 75,213 | 75,213 | - | - |
| Reference price 2 | 113.7 | 79.55 | 71.00 | 52.68 | 100.3 | 99.70 | 99.70 | 99.70 |
| Announcement Date | 2/11/20 | 2/18/21 | 2/23/22 | 2/23/23 | 2/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25,852 | 22,954 | 21,378 | 26,219 | 27,756 | 29,828 | 31,051 | 32,578 |
| EBITDA 1 | 1,893 | 1,703 | 1,071 | 1,184 | 1,230 | 1,319 | 1,351 | 1,469 |
| EBIT 1 | 1,192 | 999.1 | 756.5 | 840.7 | 909.6 | 992.8 | 1,015 | 1,127 |
| Operating Margin | 4.61% | 4.35% | 3.54% | 3.21% | 3.28% | 3.33% | 3.27% | 3.46% |
| Earnings before Tax (EBT) 1 | -627.5 | 834.9 | 435 | 677.2 | 715 | 798.4 | 891.4 | 1,038 |
| Net income 1 | -206.2 | 427.2 | 207.9 | 481.8 | 522.7 | 565.8 | 626.6 | 718.2 |
| Net margin | -0.8% | 1.86% | 0.97% | 1.84% | 1.88% | 1.9% | 2.02% | 2.2% |
| EPS 2 | -2.920 | 6.160 | 3.050 | 6.680 | 6.950 | 7.469 | 8.245 | 9.484 |
| Free Cash Flow 1 | 1,084 | 310.1 | 308 | 886.8 | - | 302.3 | 594.1 | 777.3 |
| FCF margin | 4.19% | 1.35% | 1.44% | 3.38% | - | 1.01% | 1.91% | 2.39% |
| FCF Conversion (EBITDA) | 57.29% | 18.21% | 28.76% | 74.87% | - | 22.93% | 43.98% | 52.89% |
| FCF Conversion (Net income) | - | 72.58% | 148.13% | 184.08% | - | 53.43% | 94.81% | 108.22% |
| Dividend per Share 2 | 5.800 | 3.930 | 1.910 | 4.000 | - | 4.817 | 5.284 | 5.892 |
| Announcement Date | 2/11/20 | 2/18/21 | 2/23/22 | 2/23/23 | 2/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q4 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,947 | 10,270 | 5,789 | - | 7,179 | 7,096 | 6,189 | 6,827 | - | 7,346 | 7,349 | 6,757 | 7,098 | 7,650 | 7,758 |
| EBITDA 1 | - | 514.5 | 286.3 | - | - | 321.2 | 295.7 | 302.9 | - | 309.4 | 322.3 | 306 | 331 | 365 | 344 |
| EBIT 1 | 464.9 | - | 210.6 | - | - | 223 | - | 234.8 | - | 227.2 | 228 | 229 | 261 | 282 | 252 |
| Operating Margin | 3.89% | - | 3.64% | - | - | 3.14% | - | 3.44% | - | 3.09% | 3.1% | 3.39% | 3.68% | 3.69% | 3.25% |
| Earnings before Tax (EBT) 1 | 373.8 | - | -13.6 | - | 161.7 | 174.9 | 191.3 | 180.5 | 371.8 | 164.1 | 179 | 195 | 221 | 212 | 172 |
| Net income 1 | 202.2 | - | -86.4 | 134.3 | 115 | 126.4 | 127.5 | 134.4 | 261.9 | 119 | 141.8 | 133 | 179 | 156 | 118 |
| Net margin | 1.69% | - | -1.49% | - | 1.6% | 1.78% | 2.06% | 1.97% | - | 1.62% | 1.93% | 1.97% | 2.52% | 2.04% | 1.52% |
| EPS 2 | 2.880 | - | -1.270 | 1.930 | 1.530 | - | 1.700 | 1.790 | 3.480 | 1.580 | 1.890 | 1.770 | 2.400 | 2.100 | 1.600 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/3/20 | 7/27/21 | 2/23/22 | 7/27/22 | 11/3/22 | 2/23/23 | 5/9/23 | 7/25/23 | 7/25/23 | 11/7/23 | 2/22/24 | 5/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,529 | 618 | 556 | 354 | - | 717 | 860 | 847 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,084 | 310 | 308 | 887 | - | 302 | 594 | 777 |
| ROE (net income / shareholders' equity) | 42.7% | 43.7% | 61.7% | 49.8% | - | 43.5% | 37.5% | 36.5% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 18.10 | 9.820 | 11.70 | 15.70 | - | 19.50 | 23.10 | 28.60 |
| Cash Flow per Share 2 | 22.70 | 10.20 | 5.680 | 14.60 | - | 9.650 | 10.30 | 12.40 |
| Capex 1 | 543 | 397 | 79.2 | 164 | - | 292 | 240 | 216 |
| Capex / Sales | 2.1% | 1.73% | 0.37% | 0.63% | - | 0.98% | 0.77% | 0.66% |
| Announcement Date | 2/11/20 | 2/18/21 | 2/23/22 | 2/23/23 | 2/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
99.7
EUR
Average target price
111.1
EUR
Spread / Average Target
+11.45%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.14% | 8.11B | |
| -7.04% | 68.29B | |
| +0.76% | 58.15B | |
| +24.80% | 39.43B | |
| +16.63% | 32.22B | |
| +8.72% | 28.61B | |
| +17.61% | 21.32B | |
| +11.96% | 18.85B | |
| +45.11% | 17.73B | |
| +74.53% | 17.67B |
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- Financials HOCHTIEF AG
