DEUTSCHE LUFTHANSA-REG (LHA.DE) Fundamental Analysis & Valuation

FRA:LHA • DE0008232125

Current stock price

7.944 EUR
+0.08 (+1.04%)
Last:

This LHA.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. LHA.DE Profitability Analysis

1.1 Basic Checks

  • LHA had positive earnings in the past year.
  • LHA had a positive operating cash flow in the past year.
  • Of the past 5 years LHA 4 years were profitable.
  • LHA had a positive operating cash flow in each of the past 5 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B -6B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.77%, LHA is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • LHA has a worse Return On Equity (11.49%) than 68.75% of its industry peers.
  • LHA has a worse Return On Invested Capital (4.69%) than 68.75% of its industry peers.
  • LHA had an Average Return On Invested Capital over the past 3 years of 5.26%. This is below the industry average of 8.81%.
Industry RankSector Rank
ROA 2.77%
ROE 11.49%
ROIC 4.69%
ROA(3y)3.13%
ROA(5y)1.21%
ROE(3y)13.59%
ROE(5y)0.19%
ROIC(3y)5.26%
ROIC(5y)N/A
LHA.DE Yearly ROA, ROE, ROICLHA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300 -400

1.3 Margins

  • Looking at the Profit Margin, with a value of 3.38%, LHA is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • LHA's Profit Margin has improved in the last couple of years.
  • LHA has a Operating Margin of 4.23%. This is in the lower half of the industry: LHA underperforms 68.75% of its industry peers.
  • LHA's Operating Margin has declined in the last couple of years.
  • LHA's Gross Margin of 42.61% is on the low side compared to the rest of the industry. LHA is outperformed by 75.00% of its industry peers.
  • In the last couple of years the Gross Margin of LHA has grown nicely.
Industry RankSector Rank
OM 4.23%
PM (TTM) 3.38%
GM 42.61%
OM growth 3Y-2.03%
OM growth 5YN/A
PM growth 3Y9.72%
PM growth 5YN/A
GM growth 3Y-0.38%
GM growth 5Y1.75%
LHA.DE Yearly Profit, Operating, Gross MarginsLHA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40

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2

2. LHA.DE Health Analysis

2.1 Basic Checks

  • LHA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, LHA has about the same amount of shares outstanding.
  • Compared to 5 years ago, LHA has more shares outstanding
  • The debt/assets ratio for LHA has been reduced compared to a year ago.
LHA.DE Yearly Shares OutstandingLHA.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • LHA has an Altman-Z score of 1.19. This is a bad value and indicates that LHA is not financially healthy and even has some risk of bankruptcy.
  • LHA's Altman-Z score of 1.19 is fine compared to the rest of the industry. LHA outperforms 62.50% of its industry peers.
  • LHA has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of LHA (1.04) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.04
Debt/FCF N/A
Altman-Z 1.19
ROIC/WACC0.62
WACC7.57%
LHA.DE Yearly LT Debt VS Equity VS FCFLHA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • LHA has a Current Ratio of 0.81. This is a bad value and indicates that LHA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.81, LHA is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • LHA has a Quick Ratio of 0.81. This is a bad value and indicates that LHA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a decent Quick ratio value of 0.73, LHA is doing good in the industry, outperforming 75.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.73
LHA.DE Yearly Current Assets VS Current LiabilitesLHA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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5

3. LHA.DE Growth Analysis

3.1 Past

  • LHA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.45%.
  • The Earnings Per Share has been growing by 18.68% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 5.36% in the past year.
  • The Revenue has been growing by 23.85% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-3.45%
EPS 3Y18.68%
EPS 5YN/A
EPS Q2Q%-54.35%
Revenue 1Y (TTM)5.36%
Revenue growth 3Y8.62%
Revenue growth 5Y23.85%
Sales Q2Q%5.35%

3.2 Future

  • The Earnings Per Share is expected to grow by 14.19% on average over the next years. This is quite good.
  • LHA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.41% yearly.
EPS Next Y7.17%
EPS Next 2Y14.68%
EPS Next 3Y14.61%
EPS Next 5Y14.19%
Revenue Next Year5.55%
Revenue Next 2Y5.16%
Revenue Next 3Y4.72%
Revenue Next 5Y3.41%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
LHA.DE Yearly Revenue VS EstimatesLHA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 -2 -4 -6 -8

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6

4. LHA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.09, the valuation of LHA can be described as very cheap.
  • The rest of the industry has a similar Price/Earnings ratio as LHA.
  • When comparing the Price/Earnings ratio of LHA to the average of the S&P500 Index (26.78), we can say LHA is valued rather cheaply.
  • LHA is valuated cheaply with a Price/Forward Earnings ratio of 6.62.
  • Based on the Price/Forward Earnings ratio, LHA is valued a bit cheaper than the industry average as 62.50% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of LHA to the average of the S&P500 Index (23.54), we can say LHA is valued rather cheaply.
Industry RankSector Rank
PE 7.09
Fwd PE 6.62
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 cheaper than 87.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.19
LHA.DE Per share dataLHA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • LHA's earnings are expected to grow with 14.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.99
PEG (5Y)N/A
EPS Next 2Y14.68%
EPS Next 3Y14.61%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. LHA.DE Dividend Analysis

5.1 Amount

  • LHA has a Yearly Dividend Yield of 4.20%, which is a nice return.
  • LHA's Dividend Yield is rather good when compared to the industry average which is at 1.38. LHA pays more dividend than 93.75% of the companies in the same industry.
  • LHA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 4.2%

5.2 History

  • On average, the dividend of LHA grows each year by 61.55%, which is quite nice.
Dividend Growth(5Y)61.55%
Div Incr Years1
Div Non Decr Years2
LHA.DE Yearly Dividends per shareLHA.DE Yearly Dividends per shareYearly Dividends per share 2019 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • LHA pays out 27.48% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of LHA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP27.48%
EPS Next 2Y14.68%
EPS Next 3Y14.61%
LHA.DE Yearly Income VS Free CF VS DividendLHA.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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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LHA.DE Fundamentals: All Metrics, Ratios and Statistics

DEUTSCHE LUFTHANSA-REG

FRA:LHA (4/10/2026, 7:00:00 PM)

7.944

+0.08 (+1.04%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)03-06
Earnings (Next)05-06
Inst Owners25.26%
Inst Owner ChangeN/A
Ins Owners15.05%
Ins Owner ChangeN/A
Market Cap9.53B
Revenue(TTM)39.60B
Net Income(TTM)1.34B
Analysts70
Price Target8.91 (12.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.2%
Yearly Dividend0.31
Dividend Growth(5Y)61.55%
DP27.48%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.37%
Min EPS beat(2)-27.43%
Max EPS beat(2)14.69%
EPS beat(4)2
Avg EPS beat(4)3.58%
Min EPS beat(4)-48.52%
Max EPS beat(4)75.55%
EPS beat(8)4
Avg EPS beat(8)15.68%
EPS beat(12)7
Avg EPS beat(12)6.4%
EPS beat(16)9
Avg EPS beat(16)5.34%
Revenue beat(2)0
Avg Revenue beat(2)-1.85%
Min Revenue beat(2)-2.07%
Max Revenue beat(2)-1.64%
Revenue beat(4)1
Avg Revenue beat(4)-1.72%
Min Revenue beat(4)-3.6%
Max Revenue beat(4)0.42%
Revenue beat(8)3
Avg Revenue beat(8)-0.75%
Revenue beat(12)3
Avg Revenue beat(12)-2.59%
Revenue beat(16)5
Avg Revenue beat(16)-1.75%
PT rev (1m)0.54%
PT rev (3m)8.06%
EPS NQ rev (1m)34.09%
EPS NQ rev (3m)34.09%
EPS NY rev (1m)-7.8%
EPS NY rev (3m)-4.18%
Revenue NQ rev (1m)3.46%
Revenue NQ rev (3m)3.46%
Revenue NY rev (1m)1.13%
Revenue NY rev (3m)1.37%
Valuation
Industry RankSector Rank
PE 7.09
Fwd PE 6.62
P/S 0.24
P/FCF N/A
P/OCF 2.36
P/B 0.82
P/tB 0.93
EV/EBITDA 2.19
EPS(TTM)1.12
EY14.1%
EPS(NY)1.2
Fwd EY15.11%
FCF(TTM)-0.16
FCFYN/A
OCF(TTM)3.37
OCFY42.37%
SpS33.02
BVpS9.71
TBVpS8.59
PEG (NY)0.99
PEG (5Y)N/A
Graham Number15.65
Profitability
Industry RankSector Rank
ROA 2.77%
ROE 11.49%
ROCE 5.88%
ROIC 4.69%
ROICexc 6.57%
ROICexgc 7.04%
OM 4.23%
PM (TTM) 3.38%
GM 42.61%
FCFM N/A
ROA(3y)3.13%
ROA(5y)1.21%
ROE(3y)13.59%
ROE(5y)0.19%
ROIC(3y)5.26%
ROIC(5y)N/A
ROICexc(3y)7.62%
ROICexc(5y)N/A
ROICexgc(3y)8.22%
ROICexgc(5y)N/A
ROCE(3y)6.6%
ROCE(5y)N/A
ROICexgc growth 3Y0.36%
ROICexgc growth 5YN/A
ROICexc growth 3Y0.93%
ROICexc growth 5YN/A
OM growth 3Y-2.03%
OM growth 5YN/A
PM growth 3Y9.72%
PM growth 5YN/A
GM growth 3Y-0.38%
GM growth 5Y1.75%
F-Score4
Asset Turnover0.82
Health
Industry RankSector Rank
Debt/Equity 1.04
Debt/FCF N/A
Debt/EBITDA 2.97
Cap/Depr 175.89%
Cap/Sales 10.69%
Interest Coverage 2.12
Cash Conversion 98.97%
Profit Quality N/A
Current Ratio 0.81
Quick Ratio 0.73
Altman-Z 1.19
F-Score4
WACC7.57%
ROIC/WACC0.62
Cap/Depr(3y)160.88%
Cap/Depr(5y)127.18%
Cap/Sales(3y)10.14%
Cap/Sales(5y)9.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.45%
EPS 3Y18.68%
EPS 5YN/A
EPS Q2Q%-54.35%
EPS Next Y7.17%
EPS Next 2Y14.68%
EPS Next 3Y14.61%
EPS Next 5Y14.19%
Revenue 1Y (TTM)5.36%
Revenue growth 3Y8.62%
Revenue growth 5Y23.85%
Sales Q2Q%5.35%
Revenue Next Year5.55%
Revenue Next 2Y5.16%
Revenue Next 3Y4.72%
Revenue Next 5Y3.41%
EBIT growth 1Y28.99%
EBIT growth 3Y6.41%
EBIT growth 5YN/A
EBIT Next Year140.7%
EBIT Next 3Y43.16%
EBIT Next 5Y26.25%
FCF growth 1Y-182.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y3.73%
OCF growth 3Y-7.9%
OCF growth 5YN/A

DEUTSCHE LUFTHANSA-REG / LHA.DE Fundamental Analysis FAQ

What is the fundamental rating for LHA stock?

ChartMill assigns a fundamental rating of 4 / 10 to LHA.DE.


What is the valuation status of DEUTSCHE LUFTHANSA-REG (LHA.DE) stock?

ChartMill assigns a valuation rating of 6 / 10 to DEUTSCHE LUFTHANSA-REG (LHA.DE). This can be considered as Fairly Valued.


What is the profitability of LHA stock?

DEUTSCHE LUFTHANSA-REG (LHA.DE) has a profitability rating of 3 / 10.


What is the earnings growth outlook for DEUTSCHE LUFTHANSA-REG?

The Earnings per Share (EPS) of DEUTSCHE LUFTHANSA-REG (LHA.DE) is expected to grow by 7.17% in the next year.


Is the dividend of DEUTSCHE LUFTHANSA-REG sustainable?

The dividend rating of DEUTSCHE LUFTHANSA-REG (LHA.DE) is 8 / 10 and the dividend payout ratio is 27.48%.