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

FRA:LHA • DE0008232125

Current stock price

8.004 EUR
+0.24 (+3.06%)
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

  • In the past year LHA was profitable.
  • In the past year LHA had a positive cash flow from operations.
  • Of the past 5 years LHA 4 years were profitable.
  • 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

  • The Return On Assets of LHA (2.77%) is comparable to the rest of the industry.
  • With a Return On Equity value of 11.49%, LHA is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
  • Looking at the Return On Invested Capital, with a value of 4.69%, LHA is doing worse than 73.33% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for LHA 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

  • The Profit Margin of LHA (3.38%) is comparable to the rest of the industry.
  • LHA's Profit Margin has improved in the last couple of years.
  • With a Operating Margin value of 4.23%, LHA is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
  • In the last couple of years the Operating Margin of LHA has declined.
  • The Gross Margin of LHA (42.61%) is worse than 73.33% of its industry peers.
  • 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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2

2. LHA.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LHA is destroying value.
  • The number of shares outstanding for LHA remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for LHA has been increased compared to 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

  • 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 has a better Altman-Z score (1.19) than 66.67% of its industry peers.
  • A Debt/Equity ratio of 1.04 is on the high side and indicates that LHA has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.04, LHA perfoms like the industry average, outperforming 60.00% of the companies in the same 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.
  • LHA has a better Current ratio (0.81) than 80.00% 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.
  • With a decent Quick ratio value of 0.73, LHA is doing good in the industry, outperforming 80.00% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. LHA.DE Growth Analysis

3.1 Past

  • The earnings per share for LHA have decreased by -3.45% in the last year.
  • Measured over the past years, LHA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.68% on average per year.
  • LHA shows a small growth in Revenue. In the last year, the Revenue has grown by 5.36%.
  • Measured over the past years, LHA shows a very strong growth in Revenue. The Revenue has been growing by 23.85% on average per year.
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.
  • Based on estimates for the next years, LHA will show a small growth in Revenue. The Revenue will grow by 3.41% on average per year.
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

  • A Price/Earnings ratio of 7.15 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 (27.34), we can say LHA is valued rather cheaply.
  • A Price/Forward Earnings ratio of 6.67 indicates a rather cheap valuation of LHA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of LHA is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of LHA to the average of the S&P500 Index (38.18), we can say LHA is valued rather cheaply.
Industry RankSector Rank
PE 7.15
Fwd PE 6.67
LHA.DE Price Earnings VS Forward Price EarningsLHA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, LHA is valued cheaply inside the industry as 86.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.13
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

  • LHA's 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 14.61% in the coming years.
PEG (NY)1
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.
  • Compared to an average industry Dividend Yield of 1.47, LHA pays a better dividend. On top of this LHA pays more dividend than 93.33% 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 1.82.
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

  • 27.48% of the earnings are spent on dividend by LHA. This is a low number and 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 (4/14/2026, 5:36:15 PM)

8.004

+0.24 (+3.06%)

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 Cap9.60B
Revenue(TTM)39.60B
Net Income(TTM)1.34B
Analysts70
Price Target8.91 (11.32%)
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 7.15
Fwd PE 6.67
P/S 0.24
P/FCF N/A
P/OCF 2.38
P/B 0.82
P/tB 0.93
EV/EBITDA 2.13
EPS(TTM)1.12
EY13.99%
EPS(NY)1.2
Fwd EY15%
FCF(TTM)-0.16
FCFYN/A
OCF(TTM)3.37
OCFY42.06%
SpS33.02
BVpS9.71
TBVpS8.59
PEG (NY)1
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%.