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Hochtief AG
XETRA:HOT

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Hochtief AG
XETRA:HOT
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Price: 457.2 EUR 1.78% Market Closed
Market Cap: €35.5B

EV/FCFF

21.8
Current
173%
More Expensive
vs 3-y average of 8

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
21.8
=
Enterprise Value
€31.1B
/
Free Cash Flow to Firm
€1.6B

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
21.8
=
Enterprise Value
€31.1B
/
Free Cash Flow to Firm
€1.6B

Valuation Scenarios

Hochtief AG is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (8), the stock would be worth €167.69 (63% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-63%
Maximum Upside
No Upside Scenarios
Average Downside
37%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 21.8 €457.2
0%
3-Year Average 8 €167.69
-63%
5-Year Average 8.9 €186.45
-59%
Industry Average 19.9 €418.8
-8%
Country Average 17.7 €371.64
-19%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
DE
Hochtief AG
XETRA:HOT
34.4B EUR 21.8 38.1
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 28.7 19.9
US
Quanta Services Inc
NYSE:PWR
111B USD 76.7 108.1
FR
Vinci SA
PAR:DG
71.4B EUR 10.9 14.6
US
Comfort Systems USA Inc
NYSE:FIX
65.7B USD 46.8 53.7
IN
Larsen & Toubro Ltd
NSE:LT
5.5T INR 77.3 33.9
IN
Larsen and Toubro Ltd
F:LTO
48.4B EUR 72.8 31.9
NL
Ferrovial SE
AEX:FER
42.2B EUR 28.1 47.5
ES
Ferrovial SA
MAD:FER
42.1B EUR 27.9 47.4
US
EMCOR Group Inc
NYSE:EME
40.2B USD 32.9 31.6
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
31.9B EUR 18.6 33.7

Market Distribution

In line with most companies in Germany
Percentile
60th
Based on 1 970 companies
60th percentile
21.8
Low
0.1 — 11.9
Typical Range
11.9 — 29.2
High
29.2 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 11.9
Median 17.7
70th Percentile 29.2
Max 2 317.8

Hochtief AG
Glance View

Hochtief AG, a titan in the realm of construction and engineering, stands as one of Germany’s most storied companies with roots that trace back to 1874. Known for transforming skylines and landscapes across the globe, Hochtief has established its core operations primarily in three geographical regions: the Americas, Asia-Pacific, and Europe. The company's strategy focuses on diverse sectors such as infrastructure, building, and engineering projects, positioning itself as a leader in both public and private sector developments. By leveraging its extensive expertise and innovative methodologies, Hochtief drives complex projects, from the creation of skyscrapers to the development and maintenance of roads, airports, and bridges. Its operational ethos combines a strong emphasis on sustainability, smart technology, and safety, which sets it apart in the competitive construction landscape. Revenue streams for Hochtief are primarily derived from undertaking large-scale, often iconic construction projects and through subsidiary operations, like CIMIC Group in Australia. These projects range from high-profile urban developments to crucial infrastructure works, with the company often engaged from design through to maintenance. Hochtief doesn't just build, but also invests in infrastructure projects, thus possessing stakes over the life of some developments, adding a long-term financial layer to its income. Additionally, through its public-private partnership (PPP) projects, Hochtief is able to generate consistent cash flows, securing a steady roster of contracts that help weather industry cyclicality. Such a diversified model allows Hochtief to not only capture immediate project-based revenues but also ensure long-term profitability through management and concession-based income.

HOT Intrinsic Value
291.25 EUR
Overvaluation 36%
Intrinsic Value
Price €457.2
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