QM · rank #10 · 2026-10-27
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 quality-momentum signal is reinforced by concrete fundamentals—35% operational net profit growth, 13% FX-adjusted revenue growth, a record EUR 84.8 billion backlog up 23% YoY, and a pipeline of recent contract wins across nuclear, data centers, and mining that sustain both the ROE and the price momentum.
Material risks
- 1Hyperscaler capex concentration risk is the most thesis-proximate disqualifier—EUR 13.3 billion of H1 data-center order intake (~50% YoY growth) means a meaningful deceleration or cancellation wave from AI infrastructure spending would directly impair the backlog quality underpinning the ROE signal.
- 2The AUD 1.2 billion Thiess buyout increases mining-services capital intensity and leverage against a thin EUR 1.4 billion equity base, compressing the balance-sheet buffer that supports the quality screen if commodity cycles or FX turn adverse.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.