Hochtief AG (HOT.DE) stock analysis
In our weekly check, Hochtief AG is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 6.
About Hochtief AG
Hochtief AG is an Industrials company (Engineering & Construction) based in Germany, listed on XETRA as HOT.DE.
What our checks show for HOT.DE
Red flags
- Net debt is 0.8x a year of EBITDA (debt/equity 7.66). That limits room in a downturn and raises refinancing risk.
- The gross margin fell by 16.7 points, to 8%: costs are rising faster than prices.
- The net margin is only 2.2%: little room if costs rise.
- The stock has fallen as much as 79% from a peak. Would you have held through that?
- Recovering from its deepest fall took about 7.3 years.
- Thinly traded (about 67 thousand shares a day): buying and selling can move the price.
Warning signs
- Operating profit covers interest only 3.2 times: a weak year could make the payments hard.
- Free cash flow is only 4.7% of revenue.
- The price is 30.2 times earnings (P/E): the market already pays for a lot of future growth.
- The price swings a lot: 43.3% annual volatility. Expect large ups and downs.
Strengths
- The net margin rose by 0.8 points over 5 years, to 2.2%.
- Operating cash flow is 2.61x net profit: the profit arrives as real cash.
- Analysts expect earnings per share to grow about 27.9% a year over the next years.
- Revenue grew 15.1% a year over the last 3 years.
- Earnings per share grew 20.9% a year over the last 3 years.
- Net profit grew 22.7% a year over the last 3 years.
Next earnings report: 2026-11-05
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Questions
What grade does Hochtief AG (HOT.DE) have?
In our weekly check, Hochtief AG is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 6. The grade is a risk check, not a buy or sell recommendation.
What are the main risks of HOT.DE stock?
This week's biggest flags for Hochtief AG: High debt, Gross margin falling, Thin margins. In total 10 of 25 checks show a warning or a red flag.
What does Hochtief AG do?
Hochtief AG is an Industrials company (Engineering & Construction) based in Germany, listed on XETRA as HOT.DE.
When does Hochtief AG report earnings next?
The next earnings report is expected on 2026-11-05. We re-run the checks every week, so the grade can change after it.
The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.
Updated 2026-10-24
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