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

FRA:LHA • DE0008232125

Current stock price

7.354 EUR
-0.18 (-2.36%)
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.
  • In the past year LHA had a positive cash flow from operations.
  • LHA had positive earnings in 4 of the past 5 years.
  • In the past 5 years LHA always reported a positive cash flow from operatings.
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

  • LHA has a Return On Assets of 2.77%. This is comparable to the rest of the industry: LHA outperforms 50.00% of its industry peers.
  • LHA has a Return On Equity of 11.49%. This is in the lower half of the industry: LHA underperforms 68.75% of its industry peers.
  • The Return On Invested Capital of LHA (4.69%) is worse than 68.75% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for LHA is below the industry average of 9.65%.
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

  • The Profit Margin of LHA (3.38%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of LHA has grown nicely.
  • 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.
  • Looking at the Gross Margin, with a value of 42.61%, LHA is doing worse than 68.75% of the companies in the same industry.
  • LHA's Gross Margin has improved in the last couple of years.
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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3

2. LHA.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LHA is destroying value.
  • LHA has about the same amout of shares outstanding than it did 1 year ago.
  • LHA has more shares outstanding than it did 5 years ago.
  • LHA has a better debt/assets ratio than last year.
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

  • Based on the Altman-Z score of 1.18, we must say that LHA is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of LHA (1.18) is comparable to the rest of the industry.
  • LHA has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.04, LHA is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.04
Debt/FCF N/A
Altman-Z 1.18
ROIC/WACC0.61
WACC7.72%
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.
  • LHA has a better Current ratio (0.81) than 87.50% of its industry peers.
  • 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.
  • The Quick ratio of LHA (0.73) is better than 87.50% of its industry peers.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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%.
  • LHA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.68% yearly.
  • Looking at the last year, LHA shows a small growth in Revenue. The Revenue has grown by 5.36% in the last year.
  • LHA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.85% yearly.
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.
  • The Revenue is expected to grow by 3.40% on average over the next years.
EPS Next Y16.24%
EPS Next 2Y15.34%
EPS Next 3Y19.58%
EPS Next 5Y14.19%
Revenue Next Year4.35%
Revenue Next 2Y4.37%
Revenue Next 3Y3.05%
Revenue Next 5Y3.4%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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

  • The Price/Earnings ratio is 6.57, which indicates a rather cheap valuation of LHA.
  • 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 (24.89), we can say LHA is valued rather cheaply.
  • LHA is valuated cheaply with a Price/Forward Earnings ratio of 5.65.
  • LHA's Price/Forward Earnings is on the same level as the industry average.
  • LHA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 6.57
Fwd PE 5.65
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

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LHA indicates a rather cheap valuation: LHA is cheaper than 93.75% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.01
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.
  • A more expensive valuation may be justified as LHA's earnings are expected to grow with 19.58% in the coming years.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y15.34%
EPS Next 3Y19.58%

More info and screens

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

7

5. LHA.DE Dividend Analysis

5.1 Amount

  • LHA has a Yearly Dividend Yield of 3.98%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.63, LHA pays a better dividend. On top of this LHA pays more dividend than 87.50% of the companies listed in the same industry.
  • LHA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.98%

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 Years0
Div Non Decr Years1
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.
  • LHA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP27.48%
EPS Next 2Y15.34%
EPS Next 3Y19.58%
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

More info and screens

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LHA.DE Fundamentals: All Metrics, Ratios and Statistics

DEUTSCHE LUFTHANSA-REG

FRA:LHA (3/27/2026, 7:00:00 PM)

7.354

-0.18 (-2.36%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)03-06
Earnings (Next)05-06
Inst Owners23.94%
Inst Owner ChangeN/A
Ins Owners15.03%
Ins Owner ChangeN/A
Market Cap8.82B
Revenue(TTM)39.60B
Net Income(TTM)1.34B
Analysts67.69
Price Target8.93 (21.43%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.98%
Yearly Dividend0.31
Dividend Growth(5Y)61.55%
DP27.48%
Div Incr Years0
Div Non Decr Years1
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)0.73%
PT rev (3m)8.27%
EPS NQ rev (1m)34.09%
EPS NQ rev (3m)34.09%
EPS NY rev (1m)2.28%
EPS NY rev (3m)3.93%
Revenue NQ rev (1m)3.46%
Revenue NQ rev (3m)3.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.23%
Valuation
Industry RankSector Rank
PE 6.57
Fwd PE 5.65
P/S 0.22
P/FCF N/A
P/OCF 2.18
P/B 0.76
P/tB 0.86
EV/EBITDA 2.01
EPS(TTM)1.12
EY15.23%
EPS(NY)1.3
Fwd EY17.7%
FCF(TTM)-0.16
FCFYN/A
OCF(TTM)3.37
OCFY45.77%
SpS33.02
BVpS9.71
TBVpS8.59
PEG (NY)0.4
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 1.18
F-Score4
WACC7.72%
ROIC/WACC0.61
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 Y16.24%
EPS Next 2Y15.34%
EPS Next 3Y19.58%
EPS Next 5Y14.19%
Revenue 1Y (TTM)5.36%
Revenue growth 3Y8.62%
Revenue growth 5Y23.85%
Sales Q2Q%5.35%
Revenue Next Year4.35%
Revenue Next 2Y4.37%
Revenue Next 3Y3.05%
Revenue Next 5Y3.4%
EBIT growth 1Y28.99%
EBIT growth 3Y6.41%
EBIT growth 5YN/A
EBIT Next Year150.26%
EBIT Next 3Y42.14%
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.


Can you provide the profitability details for DEUTSCHE LUFTHANSA-REG?

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


How financially healthy is DEUTSCHE LUFTHANSA-REG?

The financial health rating of DEUTSCHE LUFTHANSA-REG (LHA.DE) is 3 / 10.


Can you provide the expected EPS growth for LHA stock?

The Earnings per Share (EPS) of DEUTSCHE LUFTHANSA-REG (LHA.DE) is expected to grow by 16.24% in the next year.