QM · rank #12 · 2026-10-20
HOT
XETRA · EUR · $32.18B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +73.42% |
|---|---|
| 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). | $32.18B |
| Anchor (recent) Close on 2026-09-18 | $395.40 |
| Anchor (far) Close on 2025-09-19 | $228.00 |
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 primarily through Turner (US), CIMIC (Australia/Asia-Pacific), and Abertis (infrastructure concessions), with 98% of revenue generated internationally and demand concentrated in data centers, energy, defense, and critical-infrastructure projects.
Rationale
The 0.73 momentum signal is reinforced by concrete fundamental drivers — 35% H1 operational net profit growth, a record €84.8 billion backlog providing ~24 months of revenue visibility, guidance raised to ~30–40% full-year profit growth, and a balance sheet that flipped from €1.41 billion net debt to net cash — making this a quality-momentum name with earnings acceleration backing the price trend rather than pure sentiment rotation.
Material risks
- 1Turner's backlog is ~42% data-center-exposed, meaning a hyperscaler capex pullback or grid-connection moratorium could rapidly deflate the single largest growth engine and force a guidance reversal that breaks both the momentum and quality signals simultaneously.
- 2HOCHTIEF holds no patent or sole-source moat — contracts are competitively bid and the Thiess buyout consumed substantial liquidity, so any raw-material, labor, or financing cost spike that outruns contract escalation clauses could compress the already thin 2.2% profit margin and erode the ROE that anchors the quality screen.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.