(LHA) Deutsche Lufthansa - XETRA
Sector: Industrials | Industry: Airlines | Exchange: XETRA (Germany) | Market Cap: 10.129m EUR | Total Return: 27.7% in 12m
Avg Turnover: 39.3M
EPS Trend: -6.8%
Qual. Beats: -1
Rev. Trend: 99.8%
Qual. Beats: 0
Warnings
Altman Z'' 0.55 < 1.0 - financial distress zone
Fakeout Choppy
Tailwinds
No distinct edge detected
Deutsche Lufthansa AG is a global aviation group headquartered in Germany. Its operations are structured into three primary segments: Passenger Airlines, Logistics, and Maintenance, Repair and Overhaul (MRO). The passenger division comprises several major flag carriers and regional brands, including Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.
The company maintains a highly diversified business model by balancing cyclical passenger demand with its Logistics and MRO divisions. The MRO segment, operating as Lufthansa Technik, serves as a critical third-party service provider for commercial, government, and VIP aircraft fleets globally. In the capital-intensive airline sector, such non-flight revenue streams often provide essential margin stability during periods of volatile fuel prices or fluctuating passenger traffic.
Beyond core flight operations, the group manages airfreight logistics, e-commerce shipping solutions, and professional flight crew training. For a deeper look at the companys financial health, consider reviewing the latest valuation metrics on ValueRay.
- Volatile jet fuel prices and labor costs pressure operating margins
- Global passenger demand and corporate travel recovery drive airline revenue
- MRO segment profitability provides hedge against cyclical passenger airline volatility
- Geopolitical instability and European emissions regulations impact international flight operations
- Fleet modernization capital expenditures influence long-term free cash flow outlook
| Net Income: 1.56b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -1.83 > 1.0 |
| NWC/Revenue: -10.51% < 20% (prev -11.21%; Δ 0.70% < -1%) |
| CFO/TA 0.09 > 3% & CFO 4.32b > Net Income 1.56b |
| Net Debt (8.78b) to EBITDA (5.15b): 1.71 < 3 |
| Current Ratio: 0.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.20b) vs 12m ago 0.08% < -2% |
| Gross Margin: 13.00% > 18% (prev 12.61%; Δ 0.39% > 0.5%) |
| Asset Turnover: 81.38% > 50% (prev 79.59%; Δ 1.79% > 0%) |
| Interest Coverage Ratio: 5.17 > 6 (EBIT TTM 2.76b / Interest Expense TTM 533.0m) |
| A: -0.08 (Total Current Assets 17.8b - Total Current Liabilities 22.1b) / Total Assets 50.7b |
| B: 0.12 (Retained Earnings 5.94b / Total Assets 50.7b) |
| C: 0.06 (EBIT TTM 2.76b / Avg Total Assets 49.4b) |
| D: 0.32 (Book Value of Equity 12.3b / Total Liabilities 38.3b) |
| Altman-Z'' = 0.55 = B |
| DSRI: 1.08 (Receivables 6.33b/5.56b, Revenue 40.2b/38.3b) |
| GMI: 0.97 (GM 12.61% / 13.00%) |
| AQI: 0.92 (AQ_t 0.13 / AQ_t-1 0.14) |
| SGI: 1.05 (Revenue 40.2b / 38.3b) |
| TATA: -0.05 (NI 1.56b - CFO 4.32b) / TA 50.7b) |
| Beneish M = -3.00 (Cap -4..+1) = AA |
As of June 14, 2026, the stock is trading at EUR 8.45 with a total of 11,370,810 shares traded.
Over the past week, the price has changed by +0.12%,
over one month by +3.89%,
over three months by +15.52% and
over the past year by +27.67%.
Deutsche Lufthansa has no consensus analysts rating.
P/E Trailing = 6.4969
P/E Forward = 8.9847
P/S = 0.2515
P/B = 0.8214
P/EG = 0.8022
Revenue TTM = 40.2b EUR
EBIT TTM = 2.76b EUR
EBITDA TTM = 5.15b EUR
Long Term Debt = 9.30b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.41b EUR (from shortTermDebt, last quarter)
Debt = 16.5b EUR (from shortLongTermDebtTotal, last quarter) + Leases 3.46b
Net Debt = 8.78b EUR (calculated: Debt 16.5b - CCE 7.70b)
Enterprise Value = 18.9b EUR (10.1b + Debt 16.5b - CCE 7.70b)
Interest Coverage Ratio = 5.17 (Ebit TTM 2.76b / Interest Expense TTM 533.0m)
EV/FCF = -48.49x (Enterprise Value 18.9b / FCF TTM -390.0m)
FCF Yield = -2.06% (FCF TTM -390.0m / Enterprise Value 18.9b)
FCF Margin = -0.97% (FCF TTM -390.0m / Revenue TTM 40.2b)
Net Margin = 3.88% (Net Income TTM 1.56b / Revenue TTM 40.2b)
Gross Margin = 13.00% ((Revenue TTM 40.2b - Cost of Revenue TTM 35.0b) / Revenue TTM)
Gross Margin QoQ = 3.90% (prev 13.34%)
Tobins Q-Ratio = 0.37 (Enterprise Value 18.9b / Total Assets 50.7b)
Interest Expense / Debt = 3.23% (Interest Expense 533.0m / Debt 16.5b)
Taxrate = 29.30% (652.0m / 2.23b)
NOPAT = 1.95b (EBIT 2.76b * (1 - 29.30%))
Current Ratio = 0.81 (Total Current Assets 17.8b / Total Current Liabilities 22.1b)
Debt / Equity = 1.34 (Debt 16.5b / totalStockholderEquity, last quarter 12.3b)
Debt / EBITDA = 1.71 (Net Debt 8.78b / EBITDA 5.15b)
Debt / FCF = -22.52 (negative FCF - burning cash) (Net Debt 8.78b / FCF TTM -390.0m)
Total Stockholder Equity = 11.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.15% (Net Income 1.56b / Total Assets 50.7b)
RoE = 13.67% (Net Income TTM 1.56b / Total Stockholder Equity 11.4b)
RoCE = 13.32% (EBIT 2.76b / Capital Employed (Equity 11.4b + L.T.Debt 9.30b))
RoIC = 6.95% (NOPAT 1.95b / Invested Capital 28.0b)
WACC = 4.24% (E(10.1b)/V(26.6b) * Re(7.41%) + D(16.5b)/V(26.6b) * Rd(3.23%) * (1-Tc(0.29)))
Discount Rate = 7.41% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 90.80 | Cagr: 0.10%
[DCF] Fair Price = unknown (Cash Flow -390.0m)
EPS Correlation: -6.76 | EPS CAGR: -1.65% | SUE: -1.45 | # QB: -1
Revenue Correlation: 99.82 | Revenue CAGR: 5.88% | SUE: 0.0 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.54 | Chg30d=+2.36% | Revisions=-33% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.81 | Chg30d=-2.89% | Revisions=-33% | Analysts=3
EPS current Year (2026-12-31): EPS=1.06 | Chg30d=+8.06% | Revisions=+11% | GrowthEPS=-0.7% | GrowthRev=+8.0%
EPS next Year (2027-12-31): EPS=1.40 | Chg30d=+7.91% | Revisions=+60% | GrowthEPS=+31.6% | GrowthRev=+3.8%
[Analyst] Revisions Ratio: +60%