QM · rank #8 · 2026-10-23
HOT
XETRA · EUR · $30.09B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +76.43% |
|---|---|
| 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). | $30.09B |
| Anchor (recent) Close on 2026-09-23 | $397.40 |
| Anchor (far) Close on 2025-09-23 | $225.24 |
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), CIMIC (Asia-Pacific/mining), and Abertis (infrastructure concessions), with 98% of revenue generated internationally and a record €84.8 billion order backlog.
Rationale
The quality_momentum signal is reinforced by concrete fundamentals — 76% price momentum aligns with 35% H1 operational-net-profit growth, a 30–40% full-year guidance raise, a swing from €1.41 billion net debt to net cash, and ~24 months of revenue visibility from a signed, named backlog rather than sentiment rotation.
Material risks
- 1Turner's backlog is ~42% data-center exposure, meaning a hyperscaler capex pullback or grid-connection freeze could rapidly compress the single largest growth driver and force a guidance reversal.
- 2Construction is competitively bid with thin margins (2.2% net), leaving HOCHTIEF vulnerable to labor, materials, or financing cost inflation that contract protections may not fully offset, with no patent or sole-source position to defend pricing.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.