WinstonWınston
Stock

Strabag Se

XD4.DE
68
Engineering & Construction · Industrials
Also trades as: 0MKP.L GBP 1.03 (+0.00%)
Price
€102.60
-0.80 (-0.77%)
Market Cap
€11.84B
Exchange
Frankfurt Stock Exchange
Winston Score
68
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Oct 5, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Good
18/30
Growth
Good
13/20
Cash Flow
Strong
8/10
Stability
Exceptional
10/10
Valuation
Good
5/10
Ownership
Good
10/15
Dividends
Strong
4/5

68 of 100 counted points = Winston Score 68.

Share count rising — dilution

+15.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 102.6M (2021) → 118.2M (2025)

§Winston Score History

The full picture

Strabag SE is one of Europe's largest construction and engineering companies, headquartered in Vienna, Austria. It builds roads, highways, tunnels, bridges, railways, and large buildings for governments, municipalities, and private clients across Europe and beyond. The company is a major contractor in the infrastructure and civil engineering space, with particular strength in German-speaking countries.

Strabag earns money by winning construction contracts and delivering projects for fees, rather than selling products or subscriptions. It operates primarily across Europe, with Germany, Austria, and Poland among its biggest markets, and generates roughly €16–17 billion in annual revenue. Its scale gives it a cost and logistics advantage over smaller regional competitors, helping it win large, complex public infrastructure tenders. The key growth driver is increased government spending on infrastructure modernization across Europe, though the business faces real risks from rising material costs, labor shortages, and thin margins that are common in the construction industry.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+15.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+26.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

€0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

85.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~7 years

€4.4B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

€4.4B cash & investments at current burn rate

Growth context

Strabag Se is growing revenue at 15% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
38.3%
Modest — 38.3% gross margin
Profit after running costs
Operating Margin
8.8%
Modest — 8.8% operating margin
Return on the money invested
ROCE
40.5%
Exceptional — 40.5% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+11.1%
Steady sales growth (+11.1% YoY)
Profit growth
EPS YoY
+14.0%
Earnings growing (+14.0% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
223%
Turns 223% of profit into real cash
Spare cash per sale
FCF Margin
7.2%
Modest free cash flow (7.2%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.17
Conservative — low debt load (0.17)
Covers its interest
Interest Cover
100.00x
—
Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
12.6x
Attractive valuation — P/E 12.6

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
-1.1
SLOWING
Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
2.73%
Moderate income — 2.73% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+37.7%
Dividend growing fast (37.7% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial