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DEUTSCHE LUFTHANSA-REG (LHA.DE) Stock Fundamental Analysis

FRA:LHA - Deutsche Boerse Ag - DE0008232125 - Common Stock - Currency: EUR

7.988  -0.07 (-0.92%)

Fundamental Rating

3

Overall LHA gets a fundamental rating of 3 out of 10. We evaluated LHA against 12 industry peers in the Passenger Airlines industry. LHA may be in some trouble as it scores bad on both profitability and health. LHA is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year LHA was profitable.
LHA had a positive operating cash flow in the past year.
In multiple years LHA reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: LHA reported negative operating cash flow in multiple years.
LHA.DE Yearly Net Income VS EBIT VS OCF VS FCFLHA.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B -2B 4B -4B -6B

1.2 Ratios

The Return On Assets of LHA (1.93%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 8.83%, LHA is in line with its industry, outperforming 41.67% of the companies in the same industry.
LHA has a Return On Invested Capital of 4.10%. This is amonst the worse of the industry: LHA underperforms 91.67% of its industry peers.
Industry RankSector Rank
ROA 1.93%
ROE 8.83%
ROIC 4.1%
ROA(3y)0.12%
ROA(5y)-2.76%
ROE(3y)-7.5%
ROE(5y)-101.96%
ROIC(3y)N/A
ROIC(5y)N/A
LHA.DE Yearly ROA, ROE, ROICLHA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100 -200 -300 -400

1.3 Margins

LHA has a Profit Margin of 2.43%. This is comparable to the rest of the industry: LHA outperforms 41.67% of its industry peers.
LHA's Profit Margin has declined in the last couple of years.
LHA has a Operating Margin of 3.62%. This is in the lower half of the industry: LHA underperforms 66.67% of its industry peers.
LHA's Operating Margin has declined in the last couple of years.
LHA's Gross Margin of 42.44% is on the low side compared to the rest of the industry. LHA is outperformed by 66.67% of its industry peers.
LHA's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 3.62%
PM (TTM) 2.43%
GM 42.44%
OM growth 3YN/A
OM growth 5Y-4.13%
PM growth 3YN/A
PM growth 5Y-4.95%
GM growth 3Y4.5%
GM growth 5Y-2.19%
LHA.DE Yearly Profit, Operating, Gross MarginsLHA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LHA is destroying value.
There is no outstanding debt for LHA. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
LHA.DE Yearly Shares OutstandingLHA.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B
LHA.DE Yearly Total Debt VS Total AssetsLHA.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B 40B

2.2 Solvency

LHA has an Altman-Z score of 1.11. This is a bad value and indicates that LHA is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.11, LHA is in line with its industry, outperforming 58.33% of the companies in the same industry.
LHA has a debt to FCF ratio of 30.87. This is a negative value and a sign of low solvency as LHA would need 30.87 years to pay back of all of its debts.
The Debt to FCF ratio of LHA (30.87) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.18 is on the high side and indicates that LHA has dependencies on debt financing.
LHA's Debt to Equity ratio of 1.18 is fine compared to the rest of the industry. LHA outperforms 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF 30.87
Altman-Z 1.11
ROIC/WACC0.76
WACC5.41%
LHA.DE Yearly LT Debt VS Equity VS FCFLHA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B 15B

2.3 Liquidity

A Current Ratio of 0.82 indicates that LHA may have some problems paying its short term obligations.
The Current ratio of LHA (0.82) is comparable to the rest of the industry.
A Quick Ratio of 0.77 indicates that LHA may have some problems paying its short term obligations.
The Quick ratio of LHA (0.77) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.77
LHA.DE Yearly Current Assets VS Current LiabilitesLHA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B

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2

3. Growth

3.1 Past

LHA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.92%.
The Earnings Per Share has been decreasing by -8.93% on average over the past years.
EPS 1Y (TTM)-13.92%
EPS 3YN/A
EPS 5Y-8.93%
EPS Q2Q%641.36%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.57%

3.2 Future

Based on estimates for the next years, LHA will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.22% on average per year.
Based on estimates for the next years, LHA will show a small growth in Revenue. The Revenue will grow by 4.56% on average per year.
EPS Next Y-1.8%
EPS Next 2Y9.6%
EPS Next 3Y9.13%
EPS Next 5Y9.22%
Revenue Next Year5.04%
Revenue Next 2Y4.72%
Revenue Next 3Y4.47%
Revenue Next 5Y4.56%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
LHA.DE Yearly Revenue VS EstimatesLHA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B
LHA.DE Yearly EPS VS EstimatesLHA.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 -2 -4 -6 -8

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 7.01, the valuation of LHA can be described as very cheap.
75.00% of the companies in the same industry are more expensive than LHA, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of LHA to the average of the S&P500 Index (29.35), we can say LHA is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.11, the valuation of LHA can be described as very cheap.
Based on the Price/Forward Earnings ratio, LHA is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of LHA to the average of the S&P500 Index (22.10), we can say LHA is valued rather cheaply.
Industry RankSector Rank
PE 7.01
Fwd PE 7.11
LHA.DE Price Earnings VS Forward Price EarningsLHA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, LHA is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
LHA's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 21.18
EV/EBITDA 1.95
LHA.DE Per share dataLHA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.6%
EPS Next 3Y9.13%

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5

5. Dividend

5.1 Amount

LHA has a Yearly Dividend Yield of 3.72%.
Compared to an average industry Dividend Yield of 3.04, LHA pays a better dividend. On top of this LHA pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, LHA pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.72%

5.2 History

The dividend of LHA decreases each year by -47.55%.
Dividend Growth(5Y)-47.55%
Div Incr Years0
Div Non Decr Years0
LHA.DE Yearly Dividends per shareLHA.DE Yearly Dividends per shareYearly Dividends per share 2019 2024 2025 0.2 0.4 0.6

5.3 Sustainability

LHA pays out 41.58% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP41.58%
EPS Next 2Y9.6%
EPS Next 3Y9.13%
LHA.DE Yearly Income VS Free CF VS DividendLHA.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B -2B -4B -6B
LHA.DE Dividend Payout.LHA.DE Dividend Payout, showing the Payout Ratio.LHA.DE Dividend Payout.PayoutRetained Earnings

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DEUTSCHE LUFTHANSA-REG

FRA:LHA (3/7/2025, 7:00:00 PM)

7.988

-0.07 (-0.92%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)03-06 2025-03-06/bmo
Earnings (Next)04-29 2025-04-29
Inst Owners16.58%
Inst Owner ChangeN/A
Ins Owners15.08%
Ins Owner ChangeN/A
Market Cap9.57B
Analysts66.15
Price Target7.3 (-8.61%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.72%
Yearly Dividend0.02
Dividend Growth(5Y)-47.55%
DP41.58%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.38%
Min EPS beat(2)-14.23%
Max EPS beat(2)22.99%
EPS beat(4)1
Avg EPS beat(4)-22.14%
Min EPS beat(4)-74.45%
Max EPS beat(4)22.99%
EPS beat(8)4
Avg EPS beat(8)-13.2%
EPS beat(12)6
Avg EPS beat(12)-28.36%
EPS beat(16)9
Avg EPS beat(16)-16.65%
Revenue beat(2)0
Avg Revenue beat(2)-0.66%
Min Revenue beat(2)-1.04%
Max Revenue beat(2)-0.28%
Revenue beat(4)1
Avg Revenue beat(4)-1.46%
Min Revenue beat(4)-6.13%
Max Revenue beat(4)1.59%
Revenue beat(8)1
Avg Revenue beat(8)-3.21%
Revenue beat(12)4
Avg Revenue beat(12)-1.64%
Revenue beat(16)5
Avg Revenue beat(16)-1.95%
PT rev (1m)-0.77%
PT rev (3m)1.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.36%
EPS NY rev (1m)-0.18%
EPS NY rev (3m)0.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.01%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-0.49%
Valuation
Industry RankSector Rank
PE 7.01
Fwd PE 7.11
P/S 0.26
P/FCF 21.18
P/OCF 2.39
P/B 0.94
P/tB 1.08
EV/EBITDA 1.95
EPS(TTM)1.14
EY14.27%
EPS(NY)1.12
Fwd EY14.07%
FCF(TTM)0.38
FCFY4.72%
OCF(TTM)3.34
OCFY41.79%
SpS30.79
BVpS8.48
TBVpS7.37
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.93%
ROE 8.83%
ROCE 4.98%
ROIC 4.1%
ROICexc 6.12%
ROICexgc 6.61%
OM 3.62%
PM (TTM) 2.43%
GM 42.44%
FCFM 1.23%
ROA(3y)0.12%
ROA(5y)-2.76%
ROE(3y)-7.5%
ROE(5y)-101.96%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-3.1%
ROICexc growth 3YN/A
ROICexc growth 5Y-2.62%
OM growth 3YN/A
OM growth 5Y-4.13%
PM growth 3YN/A
PM growth 5Y-4.95%
GM growth 3Y4.5%
GM growth 5Y-2.19%
F-Score4
Asset Turnover0.79
Health
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF 30.87
Debt/EBITDA 3.24
Cap/Depr 150.98%
Cap/Sales 9.62%
Interest Coverage 2.26
Cash Conversion 108.52%
Profit Quality 50.39%
Current Ratio 0.82
Quick Ratio 0.77
Altman-Z 1.11
F-Score4
WACC5.41%
ROIC/WACC0.76
Cap/Depr(3y)102.19%
Cap/Depr(5y)92.46%
Cap/Sales(3y)8.5%
Cap/Sales(5y)8.85%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-13.92%
EPS 3YN/A
EPS 5Y-8.93%
EPS Q2Q%641.36%
EPS Next Y-1.8%
EPS Next 2Y9.6%
EPS Next 3Y9.13%
EPS Next 5Y9.22%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.57%
Revenue Next Year5.04%
Revenue Next 2Y4.72%
Revenue Next 3Y4.47%
Revenue Next 5Y4.56%
EBIT growth 1Y-51.13%
EBIT growth 3YN/A
EBIT growth 5Y-4.18%
EBIT Next Year46.28%
EBIT Next 3Y23.53%
EBIT Next 5Y16.28%
FCF growth 1Y-85.16%
FCF growth 3YN/A
FCF growth 5Y28.49%
OCF growth 1Y-23.28%
OCF growth 3YN/A
OCF growth 5Y3.77%