Company Valuation: Lufthansa

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,388 9,283 9,621 7,401 10,073 9,704 - -
Change - 25.65% 3.64% -23.08% 36.11% -3.66% - -
Enterprise Value (EV) 1 16,411 16,154 15,303 13,145 16,479 16,274 16,268 16,155
Change - -1.57% -5.27% -14.11% 25.37% -1.24% -0.04% -0.69%
P/E ratio -2.07x 11.8x 5.75x 5.37x 7.51x 8.2x 6.06x 5.07x
PBR 1.66x 1.1x 1x 0.64x 0.86x 0.79x 0.71x 0.64x
PEG - -0x 0x -0.3x -2.88x -0.84x 0.2x 0.3x
Capitalization / Revenue 0.44x 0.28x 0.27x 0.2x 0.25x 0.23x 0.22x 0.21x
EV / Revenue 0.98x 0.49x 0.43x 0.35x 0.42x 0.38x 0.37x 0.35x
EV / EBITDA 497x 4.27x 3.12x 3.3x 3.81x 3.79x 3.3x 2.96x
EV / EBIT -6.99x 10.7x 5.71x 7.99x 8.41x 8.68x 6.83x 5.81x
EV / FCF -19.2x 5.61x 7.17x 15.6x 13.1x 9.93x 9.92x 7.99x
FCF Yield -5.21% 17.8% 13.9% 6.39% 7.62% 10.1% 10.1% 12.5%
Dividend per Share 2 - - 0.3 0.3 0.33 0.3021 0.3707 0.4657
Rate of return - - 3.73% 4.86% 3.93% 3.65% 4.48% 5.62%
EPS 2 -2.99 0.66 1.4 1.15 1.12 1.01 1.366 1.633
Distribution rate - - 21.4% 26.1% 29.5% 29.9% 27.1% 28.5%
Net sales 1 16,811 32,770 35,442 37,581 39,597 42,767 44,374 45,993
EBITDA 1 33 3,786 4,910 3,982 4,329 4,294 4,930 5,465
EBIT 1 -2,349 1,509 2,682 1,645 1,960 1,875 2,381 2,781
Net income 1 -2,191 791 1,673 1,380 1,339 1,191 1,597 1,946
Net Debt 1 9,023 6,871 5,682 5,744 6,406 6,570 6,563 6,451
Reference price 2 6.180 7.765 8.048 6.176 8.406 8.280 8.280 8.280
Nbr of stocks (in thousands) 1,195,486 1,195,486 1,195,486 1,198,299 1,198,293 1,199,265 - -
Announcement Date 03/03/22 03/03/23 07/03/24 06/03/25 06/03/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.2x0.39x3.84x3.65% 11.47B
16.65x0.94x8.1x0.99% 51.11B
10.75x0.76x6.71x-.--% 34.18B
11.54x1.47x6.06x1.96% 28.78B
8.56x0.78x3.78x2.17% 24.74B
-305.91x2.31x12.21x0.23% 17.69B
24.41x1.14x5.65x3.88% 16.76B
-20.1x1.53x9.77x-.--% 14B
8.67x1.1x4.51x3.44% 13.69B
-100.56x1.49x8.54x-.--% 12.06B
Average -33.78x 1.19x 6.92x 1.63% 22.45B
Weighted average by Cap. -20.14x 1.13x 6.98x 1.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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