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6 reasons for an investment in HOCHTIEF shares

HOCHTIEF as an investment

Our six reasons

  • Diversified, global infrastructure exposure and market-leading subsidiaries
    • HOCHTIEF is an engineering-led global infrastructure solutions provider with a history of 150 years and leading positions in North America, Australia and Europe across its core activities of construction, services and concessions/public-private partnerships (PPP).
    • This unique combination results in a balanced business profile in terms of cash flow visibility, capital intensity and margins

    Sales by activity

    Net profit split by division


  • Attractive shareholder remuneration
    • Policy of paying out 65% of nominal net profit as dividend
    • Since 2012 HOCHTIEF has distributed EUR 2.7 billion in dividends to its shareholders, equivalent to EUR 37.40 per share.
    • Track record of additional remuneration via share buyback programs

  • A beneficiary of global megatrends with an ambitious innovation strategy
    • Global megatrends related to climate change, digitalization, demographics, urbanization and industrial relocation are driving strong investment growth in markets where HOCHTIEF is well positioned as a key player and can deliver attractive solutions for our private and public clients. Examples include:
      • the build-out of renewable energy and energy infrastructure needed for the energy transition in all our key markets including large-scale electric vehicle battery manufacturing capacity
      • the roll-out of high-tech infrastructure including 5G and its applicability in state-of-the-art facilities and for data centers
      • the transformation of traditional transportation infrastructure to new mobility concepts
      • the industrial relocation of manufacturing capacity in North America and Europe
      • and biopharma and healthcare investments to meet the demands of aging populations
    • Public budget constraints can limit actual investment in much needed transport and social infrastructure where HOCHTIEF can offer an integrated solution through public-private partnership
    • Rapid advances in digitalization create application opportunities which we work on exploiting in cooperation with leading universities and IT companies.

  • Strong balance sheet and solid credit rating
    • Robust net cash position supports the operating businesses, capital allocation and investment opportunities
    • Solid investment-grade rating by S&P underscores financial solidity and allows for bond financing on attractive terms

  • Strong track record of sustainable cash-backed operational profit growth
    • 9-year operational earnings per share CAGR of 11% with solid long-term outlook
    • Key performance indicators used by HOCHTIEF group management teams strongly aligned with shareholders’ interests
    • History of disciplined focus on capital allocation, including M&A, to drive long-term value creation
    • Risk management systems embedded across the group; flexible and streamlined operational set-up

    Operational net profit development (EUR million)

  • Values-led corporate culture and consistently positive ESG recognition
    • Five guiding principles that apply to all employees: integrity, accountability, innovation, delivery and sustainability – all underpinned by the precondition of safety
    • Dedicated sustainability strategy balancing economic objectives with ecological and social responsibilities; commitment to support the Paris Climate Agreement and be climate-neutral by 2045
    • Consistently positive results in leading ESG surveys/indices, including from Dow Jones Sustainability Index, MSCI (AAA Rating) and Carbon Disclosure Project (CDP; B Rating), Sustainalytics (ESG Risk-Rating of 23.5), FTSE4Good ESG Rating (Score 3.2) and EcoVadis (platinum medal)