Hochtief (HOT.DE) Stock Price

Hochtief Price

XETRA·CLOSED
452.60EUR-4.60 (-1.01 %)
Market closed

Revenue has compounded at 4.9% per year over the past 19 years to 38.24 B EUR. Earnings per share have grown at 4.5% per year over the last 16 years. Hochtief's net margin stands at 2.4%, broadly stable from 1.4% several years earlier. Hochtief currently offers a dividend yield of about 1.16%. The payout ratio is around 44% of earnings. The dividend has grown at 10.4% per year over the past 19 years. Analysts set a median price target of 293.76 EUR, implying 35.1% below the current price. Of 14 analysts, 6 rate the stock a buy — an overall Hold consensus. The stock trades about 115% above its 52-week low.

Hochtief stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Hochtief over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Hochtief stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Hochtief's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Hochtief Stock Price History
DateHochtief Price
8/7/2026452.60 EUR
8/6/2026457.20 EUR
8/5/2026449.80 EUR
8/4/2026448.60 EUR
7/31/2026443.20 EUR
7/30/2026438.00 EUR
7/29/2026429.80 EUR
7/28/2026442.60 EUR
7/27/2026434.20 EUR
7/24/2026447.40 EUR
7/23/2026455.80 EUR
7/22/2026459.60 EUR
7/21/2026464.20 EUR
7/20/2026456.40 EUR
7/17/2026451.60 EUR
7/16/2026466.00 EUR
7/15/2026464.00 EUR
7/14/2026464.00 EUR
7/13/2026457.80 EUR
7/10/2026455.20 EUR
7/9/2026466.20 EUR
7/8/2026458.60 EUR
7/7/2026472.00 EUR
7/6/2026497.40 EUR
7/3/2026495.20 EUR
7/2/2026487.00 EUR
7/1/2026496.40 EUR
6/30/2026507.00 EUR
6/29/2026496.60 EUR
6/26/2026497.80 EUR
6/25/2026510.00 EUR
6/24/2026509.50 EUR
6/23/2026504.50 EUR
6/22/2026527.00 EUR
6/19/2026508.00 EUR
6/18/2026515.50 EUR
6/17/2026501.00 EUR
6/16/2026493.80 EUR
6/15/2026489.60 EUR
6/12/2026489.40 EUR
6/11/2026480.60 EUR
6/10/2026454.40 EUR
6/9/2026462.20 EUR
6/8/2026489.00 EUR
6/5/2026495.40 EUR
6/4/2026488.00 EUR
6/3/2026485.40 EUR
6/2/2026477.80 EUR
6/1/2026488.80 EUR
5/29/2026483.00 EUR
5/28/2026477.40 EUR
5/27/2026477.00 EUR
5/26/2026480.60 EUR
5/25/2026479.60 EUR
5/22/2026468.00 EUR
5/21/2026472.40 EUR
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5/19/2026461.60 EUR
5/18/2026487.60 EUR
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5/12/2026502.50 EUR
5/11/2026541.50 EUR
5/8/2026549.00 EUR
5/7/2026547.50 EUR
5/6/2026548.00 EUR
5/5/2026529.00 EUR
5/4/2026457.20 EUR
4/30/2026457.20 EUR
4/29/2026449.20 EUR
4/28/2026447.60 EUR
4/27/2026459.00 EUR
4/24/2026459.00 EUR
4/23/2026467.20 EUR
4/22/2026460.40 EUR
4/21/2026452.40 EUR
4/20/2026462.00 EUR
4/17/2026465.00 EUR
4/16/2026453.60 EUR
4/15/2026457.60 EUR
4/14/2026468.00 EUR
4/13/2026457.40 EUR
4/10/2026452.20 EUR
4/9/2026450.80 EUR
4/8/2026444.80 EUR
4/7/2026407.40 EUR
4/2/2026406.20 EUR
4/1/2026405.60 EUR
3/31/2026382.80 EUR
3/30/2026372.40 EUR
3/27/2026377.40 EUR
3/26/2026393.00 EUR
3/25/2026403.60 EUR
3/24/2026394.80 EUR
3/23/2026394.40 EUR
3/20/2026387.80 EUR
3/19/2026397.60 EUR
3/18/2026411.20 EUR
3/17/2026402.00 EUR
3/16/2026393.00 EUR
3/13/2026380.20 EUR
3/12/2026385.00 EUR
3/11/2026395.00 EUR
3/10/2026382.60 EUR
3/9/2026370.20 EUR
3/6/2026375.60 EUR
3/5/2026388.40 EUR
3/4/2026401.60 EUR
3/3/2026391.00 EUR
3/2/2026408.20 EUR
2/27/2026412.60 EUR
2/26/2026402.80 EUR
2/25/2026414.80 EUR
2/24/2026409.40 EUR
2/23/2026402.60 EUR
2/20/2026404.60 EUR
2/19/2026393.00 EUR
2/18/2026404.80 EUR
2/17/2026385.40 EUR
2/16/2026391.00 EUR
2/13/2026370.40 EUR
2/12/2026366.60 EUR
2/11/2026374.60 EUR
2/10/2026361.40 EUR
2/9/2026378.40 EUR
2/6/2026365.60 EUR
2/5/2026350.80 EUR
2/4/2026348.20 EUR
2/3/2026365.40 EUR
2/2/2026357.20 EUR
1/30/2026354.80 EUR
1/29/2026353.80 EUR
1/28/2026352.60 EUR
1/27/2026361.40 EUR
1/26/2026363.40 EUR
1/23/2026364.40 EUR
1/22/2026366.60 EUR
1/21/2026350.80 EUR
1/20/2026352.80 EUR
1/19/2026364.20 EUR
1/16/2026373.00 EUR
1/15/2026370.20 EUR
1/14/2026360.80 EUR
1/13/2026368.00 EUR
1/12/2026364.80 EUR
1/9/2026354.20 EUR
1/8/2026359.00 EUR
1/7/2026369.60 EUR
1/6/2026355.60 EUR
1/5/2026350.60 EUR
1/2/2026338.40 EUR
12/30/2025337.00 EUR
12/29/2025332.80 EUR
12/23/2025331.20 EUR
12/22/2025334.00 EUR
12/19/2025337.00 EUR
12/18/2025330.00 EUR
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12/12/2025330.00 EUR
12/11/2025330.00 EUR
12/10/2025332.40 EUR
12/9/2025321.00 EUR
12/8/2025321.60 EUR
12/5/2025314.80 EUR
12/4/2025320.20 EUR
12/3/2025314.40 EUR
12/2/2025309.80 EUR
12/1/2025294.20 EUR
11/28/2025304.80 EUR
11/27/2025297.60 EUR
11/26/2025293.80 EUR
11/25/2025293.80 EUR
11/24/2025287.20 EUR
11/21/2025270.00 EUR
11/20/2025290.80 EUR
11/19/2025280.00 EUR
11/18/2025282.60 EUR
11/17/2025285.20 EUR
11/14/2025284.20 EUR
11/13/2025289.40 EUR
11/12/2025289.40 EUR
11/11/2025276.80 EUR
11/10/2025280.40 EUR
11/7/2025274.00 EUR
11/6/2025274.00 EUR
11/5/2025262.20 EUR
11/4/2025260.60 EUR
11/3/2025254.80 EUR
10/31/2025248.60 EUR
10/30/2025253.00 EUR
10/29/2025253.00 EUR
10/28/2025255.40 EUR
10/27/2025257.60 EUR
10/24/2025254.40 EUR
10/23/2025249.00 EUR
10/22/2025244.00 EUR
10/21/2025251.60 EUR
10/20/2025259.20 EUR
10/17/2025251.40 EUR
10/16/2025261.60 EUR
10/15/2025256.40 EUR
10/14/2025262.80 EUR
10/13/2025265.40 EUR
10/10/2025259.40 EUR
10/9/2025268.00 EUR
10/8/2025254.20 EUR
10/7/2025254.20 EUR
10/6/2025256.40 EUR
10/3/2025256.40 EUR
10/2/2025249.80 EUR
10/1/2025232.20 EUR
9/30/2025218.80 EUR
9/29/2025218.80 EUR
9/26/2025220.60 EUR
9/25/2025218.40 EUR
9/24/2025227.60 EUR
9/23/2025228.60 EUR
9/22/2025231.40 EUR
9/19/2025231.40 EUR
9/18/2025233.60 EUR
9/17/2025228.60 EUR
9/16/2025232.80 EUR
9/15/2025238.40 EUR
9/12/2025233.20 EUR
9/11/2025233.20 EUR
9/10/2025230.60 EUR
9/9/2025221.40 EUR
9/8/2025224.20 EUR
9/5/2025217.80 EUR
9/4/2025218.00 EUR
9/3/2025216.00 EUR
9/2/2025212.00 EUR
9/1/2025218.60 EUR
8/29/2025216.20 EUR
8/28/2025216.40 EUR
8/27/2025213.80 EUR
8/26/2025221.00 EUR
8/25/2025222.00 EUR
8/22/2025226.00 EUR
8/21/2025223.20 EUR
8/20/2025221.40 EUR
8/19/2025223.40 EUR
8/18/2025225.80 EUR
8/15/2025221.40 EUR
8/14/2025222.00 EUR
8/13/2025216.40 EUR
8/12/2025210.20 EUR
8/11/2025210.20 EUR
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Hochtief Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
27.76 B EUR
890.67 M EUR
522.75 M EUR
Jan 1, 2024
33.30 B EUR
569.87 M EUR
775.63 M EUR
Jan 1, 2025
38.24 B EUR
993.84 M EUR
902.33 M EUR
Jan 1, 2026 (e)
43.40 B EUR
1.79 B EUR
1.06 B EUR
Jan 1, 2027 (e)
48.92 B EUR
2.02 B EUR
1.34 B EUR
Jan 1, 2028 (e)
53.59 B EUR
2.21 B EUR
1.57 B EUR
Jan 1, 2029 (e)
57.57 B EUR
2.38 B EUR
1.85 B EUR
Jan 1, 2030 (e)
59.44 B EUR
2.45 B EUR
2.01 B EUR

Hochtief Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 8, 2026, 7:03 PM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB EUR
EBITB EUR
EBIT MARGIN%
NET INCOMEB EUR
NET INCOME GROWTH%
DIV.EUR
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
21.1019.9122.6323.8825.8522.9521.3826.2227.7633.3038.2443.4048.9253.5957.5759.44
-4.54-5.6313.675.538.24-11.21-6.8722.655.8619.9814.8213.4912.749.537.433.26
26.6925.3028.0527.0726.5624.1824.7224.1124.6726.357.627.627.627.627.627.62
5.635.046.356.476.875.555.296.326.858.782.913.313.734.084.394.53
0.580.630.891.141.291.130.580.820.890.570.991.792.022.212.382.45
2.733.153.944.764.984.902.723.113.211.712.604.134.134.134.134.13
0.210.320.420.54-0.340.430.290.480.520.780.901.061.341.571.852.01
-17.1353.8531.2528.81-161.92-227.46-31.3864.168.5248.4716.3917.0727.0816.6218.478.25
1.702.002.603.384.985.803.931.914.004.405.235.235.235.23––
13.3317.6530.0030.0047.3416.47-32.24-51.40109.4210.0018.86–––––
68.9668.9668.9668.9668.9668.9668.1975.1975.2175.2375.2475.2475.2475.2475.2475.24
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Hochtief generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Hochtief retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Hochtief's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Hochtief has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Hochtief's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Hochtief stock margins

The Hochtief margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Hochtief. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Hochtief.

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
24.72 %
2.72 %
1.37 %
Jan 1, 2022
24.11 %
3.11 %
1.84 %
Jan 1, 2023
24.67 %
3.21 %
1.88 %
Jan 1, 2024
26.35 %
1.71 %
2.33 %
Jan 1, 2025
7.62 %
2.60 %
2.36 %
Jan 1, 2026 (e)
7.62 %
4.13 %
2.43 %
Jan 1, 2027 (e)
7.62 %
4.13 %
2.74 %
Jan 1, 2028 (e)
7.62 %
4.13 %
2.92 %

Hochtief Stock Revenue, EBIT, Earnings per Share

The Hochtief earnings per share therefore indicates how much revenue Hochtief has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
313.50 EUR
8.54 EUR
4.30 EUR
Jan 1, 2022
348.71 EUR
10.86 EUR
6.41 EUR
Jan 1, 2023
369.03 EUR
11.84 EUR
6.95 EUR
Jan 1, 2024
442.65 EUR
7.57 EUR
10.31 EUR
Jan 1, 2025
508.18 EUR
13.21 EUR
11.99 EUR
Jan 1, 2026 (e)
576.87 EUR
23.81 EUR
14.05 EUR
Jan 1, 2027 (e)
650.38 EUR
26.84 EUR
17.85 EUR
Jan 1, 2028 (e)
712.34 EUR
29.40 EUR
20.81 EUR

Hochtief business model & stock analysis

Hochtief AG is a German construction company based in Essen, operating worldwide. Its history dates back to 1874 when engineer Franz Haniel founded the "Gewerkschaft Deutscher Kaiser". After various restructurings and name changes, Hochtief, as the company has been called since 1918, has become one of the world's leading construction conglomerates. The business model of Hochtief is focused on creating sustainable value for customers, shareholders, and employees through the construction, operation, and maintenance of infrastructure projects. The company relies on close collaboration with customers, partners, and suppliers, as well as innovative technologies and sustainable processes during implementation. Hochtief's various divisions specialize in the planning, construction, and operation of infrastructure projects. This includes high-rise and underground construction, bridge, and tunnel construction, civil engineering, as well as the planning and operation of airports, highways, toll roads, and water supply systems. The company is also active in the areas of mining, energy generation, and renewable energies. Some of Hochtief's most famous projects include the construction of the Arial tram tunnel in Sydney, the expansion of Lima Airport in Peru, and the creation of the World Trade Center Transportation Hub in New York. The company is also present in Germany with numerous projects, including the construction of the Fehmarn Belt Crossing and the expansion of the A7 between Hamburg and Flensburg. To operate successfully in the market, Hochtief relies on high quality and a high degree of innovation. For example, the company has its own research department, which focuses on the development of new technologies and processes. Another strength is Hochtief's employees, who contribute significantly to the company's success through their high competence and commitment. Overall, Hochtief AG offers a wide range of products and services focusing on infrastructure projects worldwide. The establishment and support of international subsidiaries and joint ventures have proven to be successful strategies. In recent years, the company has realized several major projects through collaboration with other companies. In recent years, Hochtief AG has invested in several areas to expand its portfolio and strengthen the company's international presence. In 2010, the Australian company Leighton Holdings was acquired, which has gained a reputation in the construction of airports. Overall, Hochtief is a company that can convince with its long tradition and high level of innovation and competence. Through its wide range of products and services and close collaboration with customers, partners, and suppliers, the company can implement immediate measures to respond to dynamic market conditions. The focus is always on creating sustainable value for customers, shareholders, and employees.

Hochtief SWOT Analysis

Strengths

1. Strong Financial Position: Hochtief AG boasts a robust financial base, enabling it to undertake large-scale infrastructure projects.

2. Global Presence: The company operates in numerous countries, leveraging a diverse portfolio of projects and reducing dependence on any single market.

3. Technological Expertise: Hochtief AG is known for its advanced construction techniques and innovative solutions, providing a competitive edge in the industry.

Weaknesses

1. High Debt Levels: The company carries a significant amount of debt, potentially limiting its financial flexibility and increasing interest expense.

2. Market Dependency: Hochtief AG heavily relies on public infrastructure projects, making it vulnerable to fluctuations in government spending and regulatory changes.

3. Competitive Industry: The construction industry is highly competitive, and Hochtief AG faces strong competition from both domestic and international players.

Opportunities

1. Infrastructure Investment: Increasing global infrastructure needs provide Hochtief AG with opportunities to secure new projects and expand its market share.

2. Sustainable Construction: The growing emphasis on sustainability presents an opportunity for Hochtief AG to differentiate itself by offering environmentally friendly solutions.

3. Urbanization Trends: Rapid urbanization creates demand for construction and development projects, enabling Hochtief AG to capitalize on urban expansion.

Threats

1. Economic Downturns: Hochtief AG is vulnerable to economic downturns that can lead to reduced infrastructure spending and project delays.

2. Political and Regulatory Risks: Changes in government policies, regulations, or political instability in the markets where Hochtief AG operates can impact its operations and profitability.

3. Supply Chain Disruptions: Disruptions in the supply chain due to factors such as natural disasters, labor strikes, or material shortages can pose a threat to project timelines and costs.

Hochtief Eulerpool Fair Value

Details

Fair Value Estimate

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What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Hochtief historical P/E ratio, EBIT multiple, and P/S ratio

Hochtief annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Hochtief shares outstanding

The number of shares of Hochtief was 75.24 M in 2025. This indicates how many shares Hochtief is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
68.19 M Stocks
Jan 1, 2022
75.19 M Stocks
Jan 1, 2023
75.21 M Stocks
Jan 1, 2024
75.23 M Stocks
Jan 1, 2025
75.24 M Stocks
Jan 1, 2026 (e)
75.24 M Stocks
Jan 1, 2027 (e)
75.24 M Stocks
Jan 1, 2028 (e)
75.24 M Stocks

Hochtief stock splits

In Hochtief's history, there have been no stock splits.

Hochtief Dividend History

36 years of dividend payments · 3 consecutive increases

YearAnnual DividendYoY ChangePayments
20255.23EUR↑ 18.9%1×
Apr 30, 20255.23EUR↑ 18.9%1/1
20244.40EUR↑ 10.0%1×
20234.00EUR↑ 109.4%1×
20221.91EUR↓ 51.4%1×
20213.93EUR↓ 32.2%1×
20205.80EUR↑ 16.5%1×
20194.98EUR↑ 47.3%1×
20183.38EUR↑ 30.0%1×
20172.60EUR↑ 30.0%1×
20162.00EUR↑ 17.6%1×

Hochtief dividend history and estimates

In 2025, Hochtief paid a dividend amounting to 5.23 EUR. Dividend means that Hochtief distributes a portion of its profits to its owners.

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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
3.93 EUR
0.00 EUR
Jan 1, 2022
1.91 EUR
0.00 EUR
Jan 1, 2023
4.00 EUR
0.00 EUR
Jan 1, 2024
4.40 EUR
0.00 EUR
Jan 1, 2025
5.23 EUR
0.00 EUR
Jan 1, 2026 (e)
0.00 EUR
5.23 EUR
Jan 1, 2027 (e)
0.00 EUR
5.23 EUR
Jan 1, 2028 (e)
0.00 EUR
5.23 EUR

Hochtief dividend payout ratio

In 2025, Hochtief had a payout ratio of 43.61%. The payout ratio indicates the percentage of the company's profits that Hochtief distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
91.34 %
Jan 1, 2022
29.81 %
Jan 1, 2023
57.55 %
Jan 1, 2024
42.68 %
Jan 1, 2025
43.61 %
Jan 1, 2026 (e)
37.24 %
Jan 1, 2027 (e)
29.31 %
Jan 1, 2028 (e)
25.13 %

Current Hochtief forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
42.86 % (6)
Hold
42.86 % (6)
Sell
14.29 % (2)
12M Price Target
293.76
Last Price
457.20
Currency
EUR
12M Return Potential
-35.75 %
LTM Return
0 %

Hochtief Earnings Calls

2025

Hochtief Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
2/21/20241.82EUR-7.09 BEUR-2023 Q4
11/3/20221.52EUR-6.74 BEUR-2022 Q3
7/27/20221.45EUR-6.21 BEUR-2022 Q2
2/23/2022-0.93EUR-5.16 BEUR-2021 Q4
5/11/2021-EUR-2.21 BEUR-2021 Q1
10/15/20202.06EUR-6.02 BEUR-2020 Q3
8/3/20201.29EUR-4.37 BEUR-2020 Q2
5/12/20201.57EUR-4.63 BEUR-2020 Q1
2/11/2020-9.25EUR-6.82 BEUR-2019 Q4
10/31/20192.54EUR-6.41 BEUR-2019 Q3

EESG©

Eulerpool ESG Scorecard© for the Hochtief stock

91/100
99
Environment
99
Social
76
Governance
E

Environment

20
Scope 1 - Direct Emissions215,100
Scope 2 - Indirect emissions from purchased energy81,390
Scope 3 - Indirect emissions within the value chain6,713,416
Total CO₂ emissions296,490
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees18.607
Percentage of women in management—
Percentage of Asian employees11.42
Share of Asian management—
Percentage of Hispanic/Latino employees17.71
Hispano/Latino Management share—
Percentage of Black employees7.27
Black Management Share—
Percentage of white employees56.79
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Hochtief shareholder structure

% Name
0.66150%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.58492%
Amundi Asset Management, SAS
Amundi Asset Management, SAS
0.43801%
BlackRock Asset Management Deutschland AG
BlackRock Asset Management Deutschland AG
0.30186%
JPMorgan Asset Management U.K. Limited
JPMorgan Asset Management U.K. Limited
0.25770%
Invesco Capital Management LLC
Invesco Capital Management LLC
0.21511%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
...

Hochtief Beneficial Ownership Filings (SEC 13D/G)

Free Float
19.3%
Float Shares
-
Shares Outstanding
-

Hochtief Executives and Management Board

22 members · avg. age 60 · 36 % women

JC

Mr. Juan Cases (47)

Chairman of the Executive Board, Chief Executive Officer

2.21 M EUR

Management

MS

Ms. Martina Steffen (55)

Chief Human Resources Officer, Member of the Executive Board

1.44 M EUR
AB

Mr. Angel Bernal (58)

Chief Operating Officer, Member of the Executive Board

1.15 M EUR
CA

Ms. Christa Andresky

Chief Financial Officer, Member of the Executive Board

–
DP

Don Michael Pinkney

Head of Corporate Strategy · since 2016

–

Board of Directors

PJ

Mr. Pedro Jose Lopez Jimenez (82)

Chairman of the Supervisory Board · since 2011

211,000.00 EUR
NS

Ms. Nicole Simons (55)

Deputy Chairwoman of the Supervisory Board, Employee representative · since 2016

148,000.00 EUR
FS

Dr. Francisco Garcia Sanz (67)

Independent Member of the Supervisory Board

148,000.00 EUR
JP

Mr. Jose Luis Del Valle Perez (74)

Independent Member of the Supervisory Board

121,500.00 EUR
KS

Mr. Klaus Stuemper (65)

Member of the Supervisory Board, Employee Representative

120,000.00 EUR
AA

Mr. Angel Manuel Garcia Altozano (75)

Independent Member of the Supervisory Board

115,500.00 EUR

Hochtief Supply Chain

Hochtief Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
29 companies
#NameTrend
1
John Wood Group
Supplier·Energy Equipment & Services·GB
0.71
0.44
-0.20
0.33
0.42
0.67
2
Sapiens International
Supplier·Software·IL
-0.13
0.11
0.25
0.85
0.71
0.52
3
CIMIC Group
Supplier·Customer·Construction & Engineering·AU
-0.09
-0.34
0.49
-0.60
-0.34
0.36
#NameTrend
1
Arena Events Group
Supplier·Commercial Services & Supplies·GB
0.31
-0.03
-0.20
-0.63
-0.62
—
2
Ventia Svc Grp
Supplier·Customer·Construction & Engineering·AU
-0.26
-0.37
-0.11
-0.78
—
—
3
Mitsui & Co
Supplier·Customer·Trading Companies & Distributors·JP
-0.43
-0.29
-0.16
-0.81
-0.73
-0.75
4
National Grid
Customer·Multi-Utilities·GB
0.49
0.67
-0.05
-0.75
-0.63
-0.71
5
Viva Energy Group
Customer·Oil, Gas & Consumable Fuels·AU
0.49
0.66
-0.26
-0.63
-0.48
-0.65

Frequently asked questions about Hochtief

The business model of Hochtief AG is primarily focused on construction, infrastructure development, and contract mining services. As one of the world's leading construction companies, Hochtief AG engages in a wide range of activities including project planning, engineering, building, and facility management. The company operates globally, undertaking major projects in various sectors such as transportation, energy, social and urban infrastructure, and mining. Hochtief AG strives to deliver sustainable and innovative solutions to its clients, ensuring a high level of expertise, quality, and customer satisfaction. Through its diverse portfolio and international presence, Hochtief AG continues to contribute to the growth and development of the construction industry.

Hochtief AG is primarily active in the construction and infrastructure industries. With a rich history spanning over a century, Hochtief AG has established itself as a global leader in construction, engineering, and project management. The company operates across multiple sectors, including transportation, energy, real estate, and urban development. Hochtief AG focuses on delivering innovative and sustainable solutions to meet the infrastructure needs of societies worldwide. As one of the world's largest construction companies, Hochtief AG continues to demonstrate expertise and excellence in diverse industries, fostering growth and contributing to the development of vital infrastructure projects.

The main competitors of Hochtief AG in the market include Vinci SA, ACS Actividades de Construccion y Servicios S.A., Fluor Corporation, and Skanska AB.

Hochtief AG is a German construction company founded in 1873. With its headquarters in Essen, Hochtief is known for its expertise in infrastructure projects worldwide. The company has grown significantly over the years, expanding its presence in Europe, Australia, and North America. Hochtief AG has been involved in notable projects such as the Elbe Philharmonic Hall in Hamburg and the Sydney Opera House renovation. In 2011, Hochtief became part of the ACS Group, a global leader in construction and infrastructure development. Today, Hochtief AG continues to be a leading force in the construction industry, delivering high-quality and innovative solutions worldwide.

Hochtief AG, a renowned construction company, has reached numerous significant milestones throughout its history. Notably, Hochtief has successfully completed major infrastructure projects worldwide, showcasing its excellence in engineering and project management. The company's notable achievements include the construction of iconic structures like the Elbphilharmonie in Hamburg, the Sydney Opera House in Australia, and the Hoover Dam bypass in the United States. Hochtief AG has also made strides in sustainable development, focusing on eco-friendly solutions and innovative technologies. With a strong commitment to quality and expertise, Hochtief AG continues to set new benchmarks in the global construction industry.

Hochtief AG is primarily present in various countries and regions across the globe. The company has a strong presence in its home country, Germany, where it is headquartered. Additionally, Hochtief AG operates extensively in Europe, with a focus on regions such as Spain, Austria, and the Nordic countries. The company has also expanded its operations to North America, particularly in the United States and Canada. Furthermore, Hochtief AG has a significant presence in the Asia-Pacific region, including countries like Australia, Indonesia, and India. With its diversified portfolio, Hochtief AG continues to thrive and deliver its expertise in construction and infrastructure projects worldwide.

Hochtief AG is a leading global infrastructure company dedicated to creating sustainable and innovative solutions for clients. The company's values revolve around quality, integrity, and commitment to delivering exceptional results. Hochtief AG embraces a collaborative and customer-centric approach, prioritizing long-term relationships and understanding clients' needs to provide tailor-made solutions. With a strong corporate philosophy of innovation and continuous improvement, Hochtief AG strives to exceed expectations and be a trusted partner in the construction industry. Combining expertise, technological advancements, and a forward-thinking mindset, the company contributes to the development of vital infrastructure projects worldwide.

Analysts currently set an average price target of 298.63 EUR for the Hochtief stock (median: 293.76 EUR), implying -34.7 % versus the latest price. The consensus is based on 14 analyst ratings.

Hochtief Analyst Price Targets 2026

14 analysts currently rate the Hochtief stock: 6 recommend buying, 6 holding and 2 selling. For 2026, analysts expect Hochtief to generate revenue of 43.40 B EUR and earnings per share of 14.04 EUR.

Hochtief Analyst Price Targets 2026

The Hochtief share (HOT.DE) is listed on 10 stock exchanges, including: XETRA (HOT.DE), Frankfurt (HOT.F), München (HOT.MU), Düsseldorf (HOT.DU), Hamburg (HOT.HM), London (0EPW.L), SIX (Zürich) (HOT.SW), Wien (HOT.VI).

Hochtief AG is a globally active company in the field of construction and infrastructure. The company was founded in 1874 and is headquartered in Essen today. Hochtief operates in over 80 countries worldwide and employs approximately 51,000 employees. The business model of Hochtief includes various sectors that are all related to the field of construction and infrastructure. The most important sectors include high-rise construction, civil engineering, and infrastructure. In the field of high-rise construction, Hochtief is primarily involved in the planning and construction of buildings and residential properties. This includes the construction of office buildings, corporate headquarters, and shopping centers, for example. In civil engineering, Hochtief is primarily active in tunnel construction, bridge construction, and the construction of lock systems. In the field of infrastructure, Hochtief offers services related to the construction of roads, railways, and airports. In addition to traditional construction services, Hochtief also offers various services related to the construction and infrastructure industry. This includes project development, planning, and facility management. Hochtief is also active in the renewable energy sector and builds wind farms and photovoltaic systems, among other things. Hochtief's customers include private sector companies, public institutions, as well as governments and state organizations. Hochtief acts as a general contractor or turnkey contractor and is responsible for the entire construction execution, as well as ensuring compliance with agreed deadlines, costs, and quality standards. A key factor for Hochtief's success is the high quality of its services. The company relies on extensive quality management and regular training and further education of its employees for this purpose. Another factor contributing to Hochtief's success is its ability to successfully manage complex construction projects. Hochtief benefits from its experience and expertise in planning, coordinating, and implementing major projects. An example of such a major project is the Elbphilharmonie in Hamburg, for which Hochtief was responsible for its construction. Overall, Hochtief's business model is focused on offering comprehensive solutions in the field of construction and infrastructure. The company acts as a reliable and competent partner for both private and public clients.

The expected revenue of Hochtief is 43.40 B EUR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Hochtief is 1.06 B EUR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Hochtief is currently 32.23. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Hochtief stock.

The price-to-sales ratio (P/S) of Hochtief is currently 0.78. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Hochtief stock.

The Eulerpool Quality Score for Hochtief is 6/10.

The ISIN of Hochtief is DE0006070006. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Hochtief is 607000. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Hochtief is HOT.DE. The ticker symbol is used to trade Hochtief shares on the stock exchange.

Over the past 12 months, Hochtief paid a dividend of 5.23 EUR . This corresponds to a dividend yield of about 1.16 %. For the coming 12 months, Hochtief is expected to pay a dividend of 5.23 EUR.

The current dividend yield of Hochtief is 1.16 %.

Hochtief pays a dividend, distributed in the months of , , , .

Hochtief paid dividends every year for the past 36 years.

For the upcoming 12 months, dividends amounting to 5.23 EUR are expected. This corresponds to a dividend yield of 1.14 %.

Hochtief is assigned to the 'Industry' sector.

To receive the latest dividend of Hochtief from amounting to 5.23 EUR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Hochtief distributed 4.4 EUR as dividends.

The dividends of Hochtief are distributed in EUR.

All fundamentals and in-depth analysis of Hochtief

Our stock analysis for Hochtief stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Hochtief. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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