LHA Stock Analysis: Deutsche Lufthansa | XETRA
Airlines | XETRA, Germany | Market Cap: 9.136m EUR | 12M Return: -0.5% | DE0008232125 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 28.8M
EPS Trend: -34.2%
Qual. Beats: 0
Rev. Trend: 99.8%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 (LHA) is a German aviation group headquartered in Cologne, founded in 1926. It operates through three segments: Passenger Airlines (encompassing the Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings brands), Logistics (airfreight, customs clearance, time-critical shipments, and e-commerce logistics), and MRO (maintenance, repair, and overhaul services for civil commercial aircraft). The group also provides crew training, IT solutions, and ticket distribution through agents, its own websites, and partner airlines, operating a fleet of 737 aircraft across Europe, the Americas, Asia/Pacific, the Middle East, and Africa.
Lufthansa follows a multi-brand network carrier model typical of European flag carriers, combining full-service and point-to-point operations under a single group. Its MRO division serves third-party customers including OEMs, lessors, and government operators, giving the group a diversified revenue base that extends beyond passenger transport.
- Passenger yield recovery drives revenue as transatlantic demand strengthens
- Airfreight logistics segment grows on e-commerce and pharma demand
- MRO division scales third-party maintenance contracts and revenue
| Net Income: 670.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -3.00 > 1.0 |
| NWC/Revenue: -7.61% < 20% (prev -12.01%; Δ 4.39% < -1%) |
| CFO/TA 0.07 > 3% & CFO 3.48b > Net Income 670.0m |
| Net Debt (10.1b) to EBITDA (4.46b): 2.27 < 3 |
| Current Ratio: 0.86 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.23b) vs 12m ago 2.65% < -2% |
| Gross Margin: 11.83% > 18% (prev 12.52%; Δ -0.69% > 0.5%) |
| Asset Turnover: 82.89% > 50% (prev 80.25%; Δ 2.64% > 0%) |
| Interest Coverage Ratio: 3.95 > 6 (EBIT TTM 1.93b / Interest Expense TTM 488.0m) |
| A: -0.06 (Total Current Assets 18.9b - Total Current Liabilities 22.0b) / Total Assets 50.9b |
| B: 0.12 (Retained Earnings 6.02b / Total Assets 50.9b) |
| C: 0.04 (EBIT TTM 1.93b / Avg Total Assets 49.5b) |
| D: 0.31 (Book Value of Equity 12.1b / Total Liabilities 38.7b) |
| Altman-Z'' = 0.57 = B |
| DSRI: 1.14 (Receivables 6.22b/5.12b, Revenue 41.0b/38.6b) |
| GMI: 1.06 (GM 12.52% / 11.83%) |
| AQI: 0.89 (AQ_t 0.13 / AQ_t-1 0.14) |
| SGI: 1.06 (Revenue 41.0b / 38.6b) |
| TATA: -0.06 (NI 670.0m - CFO 3.48b) / TA 50.9b) |
| Beneish M = -2.88 (Cap -4..+1) = A |
As of October 12, 2026, the stock is trading at EUR 7.20 with a total of 4,376,884 shares traded. Over the past week, the price has changed by -5.29%, over one month by -6.64%, over three months by -23.26% and over the past year by -0.50%.
Current recommended Stop Loss: 6.90 (which is 4.2% or 1.7 ATR below the current price).
Deutsche Lufthansa has no consensus analysts rating.
P/E Trailing = 13.5714
P/E Forward = 6.3573
P/S = 0.2223
P/B = 0.7646
P/EG = 0.6234
Revenue TTM = 41.0b EUR
EBIT TTM = 1.93b EUR
EBITDA TTM = 4.46b EUR
Long Term Debt = 9.30b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 2.45b EUR (from shortTermDebt, last quarter)
Debt = 18.3b EUR (from shortLongTermDebtTotal, last quarter) + Leases 3.46b
Net Debt = 10.1b EUR (calculated: Debt 18.3b - CCE 8.14b)
Enterprise Value = 19.3b EUR (9.14b + Debt 18.3b - CCE 8.14b)
Interest Coverage Ratio = 3.95 (Ebit TTM 1.93b / Interest Expense TTM 488.0m)
EV/FCF = -13.90x (Enterprise Value 19.3b / FCF TTM -1.39b)
FCF Yield = -7.20% (FCF TTM -1.39b / Enterprise Value 19.3b)
FCF Margin = -3.38% (FCF TTM -1.39b / Revenue TTM 41.0b)
Net Margin = 1.63% (Net Income TTM 670.0m / Revenue TTM 41.0b)
Gross Margin = 11.83% ((Revenue TTM 41.0b - Cost of Revenue TTM 36.2b) / Revenue TTM)
Gross Margin QoQ = 10.01% (prev 3.90%)
Tobins Q-Ratio = 0.38 (Enterprise Value 19.3b / Total Assets 50.9b)
Interest Expense / Debt = 2.67% (Interest Expense 488.0m / Debt 18.3b)
Taxrate = 38.03% (81.0m / 213.0m)
NOPAT = 1.19b (EBIT 1.93b * (1 - 38.03%))
Current Ratio = 0.86 (Total Current Assets 18.9b / Total Current Liabilities 22.0b)
Debt / Equity = 1.51 (Debt 18.3b / totalStockholderEquity, last quarter 12.1b)
Debt / EBITDA = 2.27 (Net Debt 10.1b / EBITDA 4.46b)
Debt / FCF = -7.31 (negative FCF - burning cash) (Net Debt 10.1b / FCF TTM -1.39b)
Total Stockholder Equity = 11.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.35% (Net Income 670.0m / Total Assets 50.9b)
RoE = 5.65% (Net Income TTM 670.0m / Total Stockholder Equity 11.9b)
RoCE = 9.10% (EBIT 1.93b / Capital Employed (Equity 11.9b + L.T.Debt 9.30b))
RoIC = 4.08% (NOPAT 1.19b / Invested Capital 29.2b)
WACC = 3.46% (E(9.14b)/V(27.4b) * Re(7.06%) + D(18.3b)/V(27.4b) * Rd(2.67%) * (1-Tc(0.38)))
Discount Rate = 7.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 59.63 | Cagr: 1.23%
[DCF] Fair Price = unknown (Cash Flow -1.39b)
EPS Correlation: -34.21 | EPS CAGR: -10.95% | SUE: -0.56 | # QB: 0
Revenue Correlation: 99.81 | Revenue CAGR: 5.88% | SUE: 1.03 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.90 | Chg30d=-1.77% | Revisions=+17% | Analysts=4
EPS current Year (2026-12-31): EPS=1.00 | Chg30d=-3.95% | Revisions=-57% | GrowthEPS=-6.3% | GrowthRev=+7.2%
EPS next Year (2027-12-31): EPS=1.28 | Chg30d=-1.78% | Revisions=-17% | GrowthEPS=+28.0% | GrowthRev=+4.0%
[Analyst] Revisions Ratio: -31% (up=3, down=7)