QM · rank #5 · 2026-09-08
HOT
XETRA · EUR · $38.19B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +119.69% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +92.9% |
| Profit margin Net profit margin, trailing 12 months. | +2.2% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $38.19B |
| Anchor (recent) Close on 2026-08-07 | $452.40 |
| Anchor (far) Close on 2025-08-08 | $205.93 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
HOCHTIEF is a global engineering and construction group operating through Turner (US) and CIMIC (Australia), with a record ~EUR85bn order backlog concentrated in data centers, transport infrastructure, defense, and semiconductor facilities.
Rationale
The momentum_12_1 of 1.20 and ROE of 93% are directly reinforced by H1 2026 results showing 35% operational profit growth, a EUR1.5bn net cash swing, and record order intake that provides ~24 months of revenue visibility, making the quality-momentum signal fundamentally grounded rather than sentiment-driven.
Material risks
- 1Hyperscale data center customers accelerating in-house construction capabilities or deferring capex could disproportionately hit the fastest-growing and highest-margin segment of new order intake, the one most responsible for the recent momentum re-rating.
- 2Execution risk on the EUR85bn backlog is material—cost inflation or project disputes on even a handful of large complex contracts could compress the thin 2.2% profit margin and break the earnings upgrade cycle underpinning the momentum signal.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.