Strabag SE (STR)
Wiener Börse · Industrials · analysed October 12, 2026
Strabag SE is one of Europe's largest construction technology groups, delivering comprehensive services across the entire construction value chain, including building construction, civil engineering, transportation infrastructure, tunnelling, and facility management. Tracing its origins back to 1835, the Austria-based company has grown into an international enterprise operating in over 50 countries. Under its Strategy 2030 initiative, Strabag is currently focused on achieving climate neutrality across its value chain by 2040, expanding infrastructure projects in mobility, energy, and water, and accelerating digital transformation through automation, building information modeling, and sustainable construction practices.
Executive summary
Strabag SE is the leading construction and civil engineering group in Central Europe, commanding top market share in Germany and Austria and supported by a record 36 billion euro order backlog8,20,24. The group operates with an exceptionally conservative balance sheet holding over 3.5 billion euros in net cash and generated 1.09 billion euros in free cash flow in FY20251,12. However, following a strong multi-year share price appreciation and with FY2026 earnings projected to consolidate slightly from cyclical peak operating margins, current valuation largely reflects near-term operational momentum while legal overhangs surrounding a frozen 24.1% Russian shareholder stake remain unresolved1,8,27.
Sources cited here, 6 of 27
- 1report.strabag.com
- 8newsroom.strabag.com
- 12report.strabag.com
- 20constructionbriefing.com
- 24spglobal.com
- 27rbinternational.com
Key figures
- Market cap
- $13.3B
- P/E, trailing
- 12.9
- P/E, next 12 months
- 13.2
- Revenue growth, last fiscal year
- 7.4%
- Net margin, last fiscal year
- 4.9%
The full analysis adds sections on competition, financials and valuation, recent news, upcoming catalysts, institutional investors and fund letters. See the plans or join the waitlist.