LHA Stock Analysis: Deutsche Lufthansa | XETRA
Airlines | XETRA, Germany | Market Cap: 11.114m EUR | 12M Return: 29.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 50.6M
EPS Trend: -6.8%
Qual. Beats: -1
Rev. Trend: 99.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Deutsche Lufthansa AG is a global aviation company headquartered in Cologne, Germany, founded in 1926 and listed on XETRA under ticker LHA. The company operates across three segments: Passenger Airlines (covering Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings), Logistics (airfreight, customs, and cross-border e-commerce solutions), and Maintenance, Repair and Overhaul (MRO) services for civil commercial aircraft. In addition to passenger and cargo transport, Lufthansa sells tickets through agents, its own websites, and partner airlines, and offers cockpit and cabin crew training as well as IT solutions.
The commercial aviation industry is capital-intensive, requiring substantial ongoing investment in fleet, fuel, and regulatory compliance. MRO services, where Lufthansa holds a significant global position, represent a growing segment as airlines increasingly outsource maintenance to specialized providers rather than maintaining in-house capabilities.
- Jet fuel costs pressure passenger airline margins
- ITA Airways integration expands Italian capacity and market share
- Airfreight demand recovery boosts logistics segment revenue
| Net Income: 1.56b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -1.83 > 1.0 |
| NWC/Revenue: -10.51% < 20% (prev -11.21%; Δ 0.70% < -1%) |
| CFO/TA 0.09 > 3% & CFO 4.32b > Net Income 1.56b |
| Net Debt (8.78b) to EBITDA (5.15b): 1.71 < 3 |
| Current Ratio: 0.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.20b) vs 12m ago 0.08% < -2% |
| Gross Margin: 13.00% > 18% (prev 12.61%; Δ 0.39% > 0.5%) |
| Asset Turnover: 81.38% > 50% (prev 79.59%; Δ 1.79% > 0%) |
| Interest Coverage Ratio: 5.17 > 6 (EBIT TTM 2.76b / Interest Expense TTM 533.0m) |
| A: -0.08 (Total Current Assets 17.8b - Total Current Liabilities 22.1b) / Total Assets 50.7b |
| B: 0.12 (Retained Earnings 5.94b / Total Assets 50.7b) |
| C: 0.06 (EBIT TTM 2.76b / Avg Total Assets 49.4b) |
| D: 0.32 (Book Value of Equity 12.3b / Total Liabilities 38.3b) |
| Altman-Z'' = 0.55 = B |
| DSRI: 1.02 (Receivables 5.97b/5.56b, Revenue 40.2b/38.3b) |
| GMI: 0.97 (GM 12.61% / 13.00%) |
| AQI: 0.92 (AQ_t 0.13 / AQ_t-1 0.14) |
| SGI: 1.05 (Revenue 40.2b / 38.3b) |
| TATA: -0.05 (NI 1.56b - CFO 4.32b) / TA 50.7b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of July 14, 2026, the stock is trading at EUR 9.12 with a total of 4,365,087 shares traded. Over the past week, the price has changed by -9.59%, over one month by +3.29%, over three months by +22.14% and over the past year by +29.26%.
Current recommended Stop Loss: 8.40 (which is 7.9% or 2.3 ATR below the current price).
Deutsche Lufthansa has no consensus analysts rating.
P/E Trailing = 7.1123
P/E Forward = 10.7296
P/S = 0.2759
P/B = 0.983
P/EG = 0.9579
Revenue TTM = 40.2b EUR
EBIT TTM = 2.76b EUR
EBITDA TTM = 5.15b EUR
Long Term Debt = 9.30b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.41b EUR (from shortTermDebt, last quarter)
Debt = 16.5b EUR (from shortLongTermDebtTotal, last quarter) + Leases 3.46b
Net Debt = 8.78b EUR (calculated: Debt 16.5b - CCE 7.70b)
Enterprise Value = 19.9b EUR (11.1b + Debt 16.5b - CCE 7.70b)
Interest Coverage Ratio = 5.17 (Ebit TTM 2.76b / Interest Expense TTM 533.0m)
EV/FCF = -51.02x (Enterprise Value 19.9b / FCF TTM -390.0m)
FCF Yield = -1.96% (FCF TTM -390.0m / Enterprise Value 19.9b)
FCF Margin = -0.97% (FCF TTM -390.0m / Revenue TTM 40.2b)
Net Margin = 3.88% (Net Income TTM 1.56b / Revenue TTM 40.2b)
Gross Margin = 13.00% ((Revenue TTM 40.2b - Cost of Revenue TTM 35.0b) / Revenue TTM)
Gross Margin QoQ = 3.90% (prev 13.34%)
Tobins Q-Ratio = 0.39 (Enterprise Value 19.9b / Total Assets 50.7b)
Interest Expense / Debt = 3.23% (Interest Expense 533.0m / Debt 16.5b)
Taxrate = 29.30% (652.0m / 2.23b)
NOPAT = 1.95b (EBIT 2.76b * (1 - 29.30%))
Current Ratio = 0.81 (Total Current Assets 17.8b / Total Current Liabilities 22.1b)
Debt / Equity = 1.34 (Debt 16.5b / totalStockholderEquity, last quarter 12.3b)
Debt / EBITDA = 1.71 (Net Debt 8.78b / EBITDA 5.15b)
Debt / FCF = -22.52 (negative FCF - burning cash) (Net Debt 8.78b / FCF TTM -390.0m)
Total Stockholder Equity = 11.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.15% (Net Income 1.56b / Total Assets 50.7b)
RoE = 13.67% (Net Income TTM 1.56b / Total Stockholder Equity 11.4b)
RoCE = 13.32% (EBIT 2.76b / Capital Employed (Equity 11.4b + L.T.Debt 9.30b))
RoIC = 6.95% (NOPAT 1.95b / Invested Capital 28.0b)
WACC = 4.35% (E(11.1b)/V(27.6b) * Re(7.40%) + D(16.5b)/V(27.6b) * Rd(3.23%) * (1-Tc(0.29)))
Discount Rate = 7.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 90.80 | Cagr: 0.10%
[DCF] Fair Price = unknown (Cash Flow -390.0m)
EPS Correlation: -6.76 | EPS CAGR: -1.65% | SUE: -1.45 | # QB: -1
Revenue Correlation: 99.82 | Revenue CAGR: 5.88% | SUE: 0.0 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.30 | Chg30d=-44.56% | Revisions=-40% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.86 | Chg30d=+5.62% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=1.11 | Chg30d=+3.25% | Revisions=+40% | GrowthEPS=+4.0% | GrowthRev=+7.9%
EPS next Year (2027-12-31): EPS=1.46 | Chg30d=+4.19% | Revisions=+17% | GrowthEPS=+30.9% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: -8% (up=4, down=5)