QM · rank #10 · 2026-10-26
HOT
XETRA · EUR · $30.09B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +82.74% |
|---|---|
| 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 2026-09-25 | $397.20 |
| Anchor (far) Close on 2025-09-26 | $217.36 |
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 (North America), CIMIC (Asia-Pacific), and HOCHTIEF Infrastructure (Europe), with dominant exposure to data centers, nuclear, energy transition, mining, and transport infrastructure.
Rationale
The 83% trailing momentum and 93rd-percentile ROE are reinforced by concrete fundamentals—35% H1 operational profit growth, a 23% YoY backlog expansion to EUR 84.8 billion, and raised full-year guidance—making the quality-momentum signal a reflection of genuine earnings acceleration rather than sentiment drift.
Material risks
- 1Hyperscaler capex concentration is the most acute thesis-breaker: H1 data-center order intake of EUR 13.3 billion (~50% YoY) means any material pullback in AI/cloud infrastructure spending or customer insourcing of construction management would directly impair the backlog quality underpinning the ROE signal.
- 2The AUD 1.2 billion Thiess buyout and Autmatec acquisition simultaneously stretch the EUR 1.4 billion equity base and increase exposure to Australian mining-services cyclicality and currency risk, creating balance-sheet fragility that could compress ROE if commodity markets soften.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.