(LHA) Deutsche Lufthansa - Ratings and Ratios
Exchange: XETRA •
Country: Germany •
Currency: EUR •
Type: Common Stock •
ISIN: DE0008232125
Passenger, Air, Cargo, Maintenance, Training
LHA EPS (Earnings per Share)
LHA Revenue
Description: LHA Deutsche Lufthansa November 05, 2025
Deutsche Lufthansa AG (XETRA:LHA) is a German-based aviation group operating three core segments: Passenger Airlines (Lufthansa, SWISS, Austrian, Brussels, Eurowings), Logistics (air-freight, e-commerce solutions, customs services) and Maintenance, Repair & Overhaul (MRO) for civil aircraft, VIP jets, and government fleets.
As of 31 December 2024 the group managed a fleet of 735 aircraft and reported FY 2024 revenue of €44 billion, with a passenger-load factor of 84 %-both metrics tracking closely to pre-pandemic levels and indicating a rebound in European travel demand.
Key economic drivers for Lufthansa include: (1) volatile jet-fuel prices, which historically account for ~30 % of operating costs; (2) labor cost pressures in Germany and the EU, where collective bargaining agreements can tighten margins; and (3) the pace of ESG regulation, especially EU-wide carbon-offset mandates that affect ticket pricing and fleet renewal decisions.
For a deeper, data-rich assessment of Lufthansa’s valuation dynamics, you may find the analytics on ValueRay useful as a next step in your research.
LHA Stock Overview
| Market Cap in USD | 10,488m |
| Sub-Industry | Passenger Airlines |
| IPO / Inception |
LHA Stock Ratings
| Growth Rating | 40.0% |
| Fundamental | 57.7% |
| Dividend Rating | 26.5% |
| Return 12m vs S&P 500 | 10.2% |
| Analyst Rating | - |
LHA Dividends
| Dividend Yield 12m | 3.88% |
| Yield on Cost 5y | 5.17% |
| Annual Growth 5y | % |
| Payout Consistency | 42.5% |
| Payout Ratio | 54.6% |
LHA Growth Ratios
| Growth Correlation 3m | -71.7% |
| Growth Correlation 12m | 79.8% |
| Growth Correlation 5y | 11% |
| CAGR 5y | 4.09% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.09 |
| CAGR/Mean DD 3y (Pain Ratio) | 0.15 |
| Sharpe Ratio 12m | 1.24 |
| Alpha | 2.78 |
| Beta | 1.397 |
| Volatility | 39.05% |
| Current Volume | 3188.6k |
| Average Volume 20d | 4074.1k |
| Stop Loss | 7.5 (-3%) |
| Signal | -0.05 |
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (1.77b TTM) > 0 and > 6% of Revenue (6% = 2.32b TTM) |
| FCFTA 0.00 (>2.0%) and ΔFCFTA -0.94pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -12.01% (prev -13.79%; Δ 1.78pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.08 (>3.0%) and CFO 3.88b > Net Income 1.77b (YES >=105%, WARN >=100%) |
| Net Debt (12.22b) to EBITDA (3.96b) ratio: 3.08 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.78 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.20b) change vs 12m ago 0.14% (target <= -2.0% for YES) |
| Gross Margin 14.22% (prev 12.30%; Δ 1.92pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 81.01% (prev 77.14%; Δ 3.87pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.79 (EBITDA TTM 3.96b / Interest Expense TTM 536.0m) >= 6 (WARN >= 3) |
Altman Z'' 0.21
| (A) -0.10 = (Total Current Assets 16.93b - Total Current Liabilities 21.57b) / Total Assets 48.14b |
| (B) 0.11 = Retained Earnings (Balance) 5.37b / Total Assets 48.14b |
| (C) 0.03 = EBIT TTM 1.50b / Avg Total Assets 47.69b |
| (D) 0.26 = Book Value of Equity 9.79b / Total Liabilities 37.80b |
| Total Rating: 0.21 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 57.72
| 1. Piotroski 2.50pt = -2.50 |
| 2. FCF Yield 0.62% = 0.31 |
| 3. FCF Margin 0.34% = 0.09 |
| 4. Debt/Equity 1.36 = 1.64 |
| 5. Debt/Ebitda 3.08 = -1.88 |
| 6. ROIC - WACC (= 6.08)% = 7.61 |
| 7. RoE 16.68% = 1.39 |
| 8. Rev. Trend 18.29% = 1.37 |
| 9. EPS Trend -6.20% = -0.31 |
What is the price of LHA shares?
As of November 06, 2025, the stock is trading at EUR 7.73 with a total of 3,188,578 shares traded.
Over the past week, the price has changed by +11.35%, over one month by +5.86%, over three months by +3.79% and over the past year by +30.99%.
Over the past week, the price has changed by +11.35%, over one month by +5.86%, over three months by +3.79% and over the past year by +30.99%.
Is Deutsche Lufthansa a good stock to buy?
Neither. Based on ValueRay´s Fundamental Analyses, Deutsche Lufthansa is currently (November 2025)
neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 57.72 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of LHA is around 7.53 EUR . This means that LHA is currently overvalued and has a potential downside of -2.59%.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of LHA is around 7.53 EUR . This means that LHA is currently overvalued and has a potential downside of -2.59%.
Is LHA a buy, sell or hold?
Deutsche Lufthansa has no consensus analysts rating.
What are the forecasts/targets for the LHA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 7.5 | -2.5% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 8.1 | 5.3% |
LHA Fundamental Data Overview January 01, 1970
Market Cap USD = 10.49b (9.10b EUR * 1.1525 EUR.USD)
Market Cap EUR = 9.10b (9.10b EUR * 1.0 EUR.EUR)
P/E Trailing = 5.5838
P/E Forward = 5.4945
P/S = 0.2325
P/B = 0.8544
P/EG = 0.964
Beta = 1.397
Revenue TTM = 38.63b EUR
EBIT TTM = 1.50b EUR
EBITDA TTM = 3.96b EUR
Long Term Debt = 11.21b EUR (from longTermDebt, last quarter)
Short Term Debt = 2.81b EUR (from shortTermDebt, last quarter)
Debt = 14.02b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 12.22b EUR (from netDebt column, last quarter)
Enterprise Value = 21.32b EUR (9.10b + Debt 14.02b - CCE 1.80b)
Interest Coverage Ratio = 2.79 (Ebit TTM 1.50b / Interest Expense TTM 536.0m)
FCF Yield = 0.62% (FCF TTM 133.0m / Enterprise Value 21.32b)
FCF Margin = 0.34% (FCF TTM 133.0m / Revenue TTM 38.63b)
Net Margin = 4.59% (Net Income TTM 1.77b / Revenue TTM 38.63b)
Gross Margin = 14.22% ((Revenue TTM 38.63b - Cost of Revenue TTM 33.14b) / Revenue TTM)
Gross Margin QoQ = 14.36% (prev 6.93%)
Tobins Q-Ratio = 0.44 (Enterprise Value 21.32b / Total Assets 48.14b)
Interest Expense / Debt = 1.16% (Interest Expense 163.0m / Debt 14.02b)
Taxrate = -0.70% (negative due to tax credits) (-7.00m / 1.00b)
NOPAT = 1.51b (EBIT 1.50b * (1 - -0.70%)) [negative tax rate / tax credits]
Current Ratio = 0.78 (Total Current Assets 16.93b / Total Current Liabilities 21.57b)
Debt / Equity = 1.36 (Debt 14.02b / totalStockholderEquity, last quarter 10.29b)
Debt / EBITDA = 3.08 (Net Debt 12.22b / EBITDA 3.96b)
Debt / FCF = 91.89 (Net Debt 12.22b / FCF TTM 133.0m)
Total Stockholder Equity = 10.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.68% (Net Income 1.77b / Total Assets 48.14b)
RoE = 16.68% (Net Income TTM 1.77b / Total Stockholder Equity 10.62b)
RoCE = 6.85% (EBIT 1.50b / Capital Employed (Equity 10.62b + L.T.Debt 11.21b))
RoIC = 11.19% (NOPAT 1.51b / Invested Capital 13.46b)
WACC = 5.10% (E(9.10b)/V(23.12b) * Re(11.16%) + D(14.02b)/V(23.12b) * Rd(1.16%) * (1-Tc(-0.01)))
Discount Rate = 11.16% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.07%
[DCF Debug] Terminal Value 57.83% ; FCFE base≈309.8m ; Y1≈203.4m ; Y5≈93.0m
Fair Price DCF = 1.00 (DCF Value 1.20b / Shares Outstanding 1.20b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -6.20 | EPS CAGR: 7.99% | SUE: 1.78 | # QB: 1
Revenue Correlation: 18.29 | Revenue CAGR: 0.91% | SUE: -0.51 | # QB: 0
Market Cap EUR = 9.10b (9.10b EUR * 1.0 EUR.EUR)
P/E Trailing = 5.5838
P/E Forward = 5.4945
P/S = 0.2325
P/B = 0.8544
P/EG = 0.964
Beta = 1.397
Revenue TTM = 38.63b EUR
EBIT TTM = 1.50b EUR
EBITDA TTM = 3.96b EUR
Long Term Debt = 11.21b EUR (from longTermDebt, last quarter)
Short Term Debt = 2.81b EUR (from shortTermDebt, last quarter)
Debt = 14.02b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 12.22b EUR (from netDebt column, last quarter)
Enterprise Value = 21.32b EUR (9.10b + Debt 14.02b - CCE 1.80b)
Interest Coverage Ratio = 2.79 (Ebit TTM 1.50b / Interest Expense TTM 536.0m)
FCF Yield = 0.62% (FCF TTM 133.0m / Enterprise Value 21.32b)
FCF Margin = 0.34% (FCF TTM 133.0m / Revenue TTM 38.63b)
Net Margin = 4.59% (Net Income TTM 1.77b / Revenue TTM 38.63b)
Gross Margin = 14.22% ((Revenue TTM 38.63b - Cost of Revenue TTM 33.14b) / Revenue TTM)
Gross Margin QoQ = 14.36% (prev 6.93%)
Tobins Q-Ratio = 0.44 (Enterprise Value 21.32b / Total Assets 48.14b)
Interest Expense / Debt = 1.16% (Interest Expense 163.0m / Debt 14.02b)
Taxrate = -0.70% (negative due to tax credits) (-7.00m / 1.00b)
NOPAT = 1.51b (EBIT 1.50b * (1 - -0.70%)) [negative tax rate / tax credits]
Current Ratio = 0.78 (Total Current Assets 16.93b / Total Current Liabilities 21.57b)
Debt / Equity = 1.36 (Debt 14.02b / totalStockholderEquity, last quarter 10.29b)
Debt / EBITDA = 3.08 (Net Debt 12.22b / EBITDA 3.96b)
Debt / FCF = 91.89 (Net Debt 12.22b / FCF TTM 133.0m)
Total Stockholder Equity = 10.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.68% (Net Income 1.77b / Total Assets 48.14b)
RoE = 16.68% (Net Income TTM 1.77b / Total Stockholder Equity 10.62b)
RoCE = 6.85% (EBIT 1.50b / Capital Employed (Equity 10.62b + L.T.Debt 11.21b))
RoIC = 11.19% (NOPAT 1.51b / Invested Capital 13.46b)
WACC = 5.10% (E(9.10b)/V(23.12b) * Re(11.16%) + D(14.02b)/V(23.12b) * Rd(1.16%) * (1-Tc(-0.01)))
Discount Rate = 11.16% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.07%
[DCF Debug] Terminal Value 57.83% ; FCFE base≈309.8m ; Y1≈203.4m ; Y5≈93.0m
Fair Price DCF = 1.00 (DCF Value 1.20b / Shares Outstanding 1.20b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -6.20 | EPS CAGR: 7.99% | SUE: 1.78 | # QB: 1
Revenue Correlation: 18.29 | Revenue CAGR: 0.91% | SUE: -0.51 | # QB: 0