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Hochtief AG
XETRA:HOT

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Hochtief AG
XETRA:HOT
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Price: 467.2 EUR 1.48% Market Closed
Market Cap: €36.3B

EV/OCF

17.6
Current
176%
More Expensive
vs 3-y average of 6.4

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
17.6
=
Enterprise Value
€31.1B
/
Operating Cash Flow
€2B

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
17.6
=
Enterprise Value
€31.1B
/
Operating Cash Flow
€2B

Valuation Scenarios

Hochtief AG is trading above its 3-year average

If EV/OCF returns to its 3-Year Average (6.4), the stock would be worth €169 (64% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-64%
Maximum Upside
No Upside Scenarios
Average Downside
53%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 17.6 €467.2
0%
3-Year Average 6.4 €169
-64%
5-Year Average 6.4 €169
-64%
Industry Average 9.8 €259.8
-44%
Country Average 10.9 €289.08
-38%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
DE
Hochtief AG
XETRA:HOT
35.2B EUR 17.6 38.9
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 25.3 19.9
US
Quanta Services Inc
NYSE:PWR
94.7B USD 44.8 92.3
FR
Vinci SA
PAR:DG
72.9B EUR 7.4 14.8
US
Comfort Systems USA Inc
NYSE:FIX
62.4B USD 51.7 61
IN
Larsen & Toubro Ltd
NSE:LT
5.5T INR 46.5 34.2
IN
Larsen and Toubro Ltd
F:LTO
47B EUR 42 30.8
NL
Ferrovial SE
AEX:FER
43.2B EUR 25.9 48.7
ES
Ferrovial SA
MAD:FER
43B EUR 25.8 48.7
US
EMCOR Group Inc
NYSE:EME
38.9B USD 29 30.5
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
31.8B EUR 14.1 33.9

Market Distribution

Higher than 72% of companies in Germany
Percentile
72nd
Based on 2 369 companies
72nd percentile
17.6
Low
0.2 — 7.5
Typical Range
7.5 — 16.6
High
16.6 —
Distribution Statistics
Germany
Min 0.2
30th Percentile 7.5
Median 10.9
70th Percentile 16.6
Max 2 561.1

Hochtief AG
Glance View

Hochtief AG, a titan in the realm of construction and engineering, stands as one of Germany’s most storied companies with roots that trace back to 1874. Known for transforming skylines and landscapes across the globe, Hochtief has established its core operations primarily in three geographical regions: the Americas, Asia-Pacific, and Europe. The company's strategy focuses on diverse sectors such as infrastructure, building, and engineering projects, positioning itself as a leader in both public and private sector developments. By leveraging its extensive expertise and innovative methodologies, Hochtief drives complex projects, from the creation of skyscrapers to the development and maintenance of roads, airports, and bridges. Its operational ethos combines a strong emphasis on sustainability, smart technology, and safety, which sets it apart in the competitive construction landscape. Revenue streams for Hochtief are primarily derived from undertaking large-scale, often iconic construction projects and through subsidiary operations, like CIMIC Group in Australia. These projects range from high-profile urban developments to crucial infrastructure works, with the company often engaged from design through to maintenance. Hochtief doesn't just build, but also invests in infrastructure projects, thus possessing stakes over the life of some developments, adding a long-term financial layer to its income. Additionally, through its public-private partnership (PPP) projects, Hochtief is able to generate consistent cash flows, securing a steady roster of contracts that help weather industry cyclicality. Such a diversified model allows Hochtief to not only capture immediate project-based revenues but also ensure long-term profitability through management and concession-based income.

HOT Intrinsic Value
291.25 EUR
Overvaluation 38%
Intrinsic Value
Price €467.2
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