LHA Stock Analysis: Deutsche Lufthansa | XETRA
Airlines | XETRA, Germany | Market Cap: 9.977m EUR | 12M Return: 6.1% | DE0008232125 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 34.1M
EPS Trend: -34.2%
Qual. Beats: 0
Rev. Trend: 99.8%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Deutsche Lufthansa AG is a global aviation company headquartered in Cologne, Germany, founded in 1926 and listed on XETRA under ticker LHA. The company operates across three segments: Passenger Airlines (covering Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings), Logistics (airfreight, customs, and cross-border e-commerce solutions), and Maintenance, Repair and Overhaul (MRO) services for civil commercial aircraft. In addition to passenger and cargo transport, Lufthansa sells tickets through agents, its own websites, and partner airlines, and offers cockpit and cabin crew training as well as IT solutions.
The commercial aviation industry is capital-intensive, requiring substantial ongoing investment in fleet, fuel, and regulatory compliance. MRO services, where Lufthansa holds a significant global position, represent a growing segment as airlines increasingly outsource maintenance to specialized providers rather than maintaining in-house capabilities.
- Jet fuel costs pressure passenger airline margins
- ITA Airways integration expands Italian capacity and market share
- Airfreight demand recovery boosts logistics segment revenue
| Net Income: 670.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -3.00 > 1.0 |
| NWC/Revenue: -7.61% < 20% (prev -12.01%; Δ 4.39% < -1%) |
| CFO/TA 0.07 > 3% & CFO 3.48b > Net Income 670.0m |
| Net Debt (10.1b) to EBITDA (4.46b): 2.27 < 3 |
| Current Ratio: 0.86 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.23b) vs 12m ago 2.65% < -2% |
| Gross Margin: 11.83% > 18% (prev 12.52%; Δ -0.69% > 0.5%) |
| Asset Turnover: 82.89% > 50% (prev 80.25%; Δ 2.64% > 0%) |
| Interest Coverage Ratio: 3.95 > 6 (EBIT TTM 1.93b / Interest Expense TTM 488.0m) |
| A: -0.06 (Total Current Assets 18.9b - Total Current Liabilities 22.0b) / Total Assets 50.9b |
| B: 0.12 (Retained Earnings 6.02b / Total Assets 50.9b) |
| C: 0.04 (EBIT TTM 1.93b / Avg Total Assets 49.5b) |
| D: 0.31 (Book Value of Equity 12.1b / Total Liabilities 38.7b) |
| Altman-Z'' = 0.57 = B |
| DSRI: 1.14 (Receivables 6.22b/5.12b, Revenue 41.0b/38.6b) |
| GMI: 1.06 (GM 12.52% / 11.83%) |
| AQI: 0.89 (AQ_t 0.13 / AQ_t-1 0.14) |
| SGI: 1.06 (Revenue 41.0b / 38.6b) |
| TATA: -0.06 (NI 670.0m - CFO 3.48b) / TA 50.9b) |
| Beneish M = -2.88 (Cap -4..+1) = A |
As of August 13, 2026, the stock is trading at EUR 8.22 with a total of 3,279,778 shares traded. Over the past week, the price has changed by -5.28%, over one month by -9.87%, over three months by +0.34% and over the past year by +6.07%.
Current recommended Stop Loss: 7.80 (which is 5.1% or 1.4 ATR below the current price).
Deutsche Lufthansa has no consensus analysts rating.
P/E Trailing = 14.8214
P/E Forward = 8.8731
P/S = 0.2427
P/B = 0.8284
P/EG = 0.7924
Revenue TTM = 41.0b EUR
EBIT TTM = 1.93b EUR
EBITDA TTM = 4.46b EUR
Long Term Debt = 9.30b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 2.45b EUR (from shortTermDebt, last quarter)
Debt = 18.3b EUR (from shortLongTermDebtTotal, last quarter) + Leases 3.46b
Net Debt = 10.1b EUR (calculated: Debt 18.3b - CCE 8.14b)
Enterprise Value = 20.1b EUR (9.98b + Debt 18.3b - CCE 8.14b)
Interest Coverage Ratio = 3.95 (Ebit TTM 1.93b / Interest Expense TTM 488.0m)
EV/FCF = -14.50x (Enterprise Value 20.1b / FCF TTM -1.39b)
FCF Yield = -6.89% (FCF TTM -1.39b / Enterprise Value 20.1b)
FCF Margin = -3.38% (FCF TTM -1.39b / Revenue TTM 41.0b)
Net Margin = 1.63% (Net Income TTM 670.0m / Revenue TTM 41.0b)
Gross Margin = 11.83% ((Revenue TTM 41.0b - Cost of Revenue TTM 36.2b) / Revenue TTM)
Gross Margin QoQ = 10.01% (prev 3.90%)
Tobins Q-Ratio = 0.40 (Enterprise Value 20.1b / Total Assets 50.9b)
Interest Expense / Debt = 2.67% (Interest Expense 488.0m / Debt 18.3b)
Taxrate = 38.03% (81.0m / 213.0m)
NOPAT = 1.19b (EBIT 1.93b * (1 - 38.03%))
Current Ratio = 0.86 (Total Current Assets 18.9b / Total Current Liabilities 22.0b)
Debt / Equity = 1.51 (Debt 18.3b / totalStockholderEquity, last quarter 12.1b)
Debt / EBITDA = 2.27 (Net Debt 10.1b / EBITDA 4.46b)
Debt / FCF = -7.31 (negative FCF - burning cash) (Net Debt 10.1b / FCF TTM -1.39b)
Total Stockholder Equity = 11.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.35% (Net Income 670.0m / Total Assets 50.9b)
RoE = 5.65% (Net Income TTM 670.0m / Total Stockholder Equity 11.9b)
RoCE = 9.10% (EBIT 1.93b / Capital Employed (Equity 11.9b + L.T.Debt 9.30b))
RoIC = 4.08% (NOPAT 1.19b / Invested Capital 29.2b)
WACC = 3.62% (E(9.98b)/V(28.3b) * Re(7.22%) + D(18.3b)/V(28.3b) * Rd(2.67%) * (1-Tc(0.38)))
Discount Rate = 7.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 59.63 | Cagr: 1.23%
[DCF] Fair Price = unknown (Cash Flow -1.39b)
EPS Correlation: -34.21 | EPS CAGR: -10.95% | SUE: -0.56 | # QB: 0
Revenue Correlation: 99.81 | Revenue CAGR: 5.88% | SUE: 1.03 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.92 | Chg30d=+7.20% | Revisions=+50% | Analysts=4
EPS current Year (2026-12-31): EPS=1.04 | Chg30d=-6.15% | Revisions=+38% | GrowthEPS=-2.4% | GrowthRev=+7.0%
EPS next Year (2027-12-31): EPS=1.31 | Chg30d=-10.25% | Revisions=+30% | GrowthEPS=+25.1% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: +50% (up=12, down=3)