Porr is an exciting bet on more infrastructure construction and data centers in Europe with a P/E ratio of 9!
Infrastructure stocks are booming in the German stock market. Porr is an exciting bet with a P/E ratio of only 9 – half of what Hochtief & Co. exhibit!
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In the German stock market, I recognize a strong sector trend in construction and infrastructure stocks. Hochtief, Bilfinger, Siemens Energy, and Friedrich Vorwerk, which help a.) provide energy and transportation infrastructure and b.) also data centers, are booming. In my view, this is driven by the enormous demand for electricity, new data center locations (Google is investing over €5 billion in data centers in Belgium), as well as national infrastructure programs combined with the expanded NATO spending target of 5%. While the valuations...
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