Valuation Lufthansa

Equities

Market Closed - Xetra Other stock markets 16:40:58 18/07/2025 BST			5-day change	1st Jan Change
7.436 ^EUR	-0.77%		+0.70%	+20.40%

07-17	British Airways' Parent IAG Eyes Stake in Portugal's TAP	MT
07-16	Some airlines checking Boeing fuel switches after Air India crash	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	6,465	7,388	9,283	9,621	7,401	8,911	-	-
Change	-	14.29%	25.65%	3.64%	-23.08%	20.4%	-	-
Enterprise Value (EV) ¹	16,387	16,411	16,154	15,303	13,145	14,531	14,163	13,802
Change	-	0.15%	-1.57%	-5.27%	-14.11%	10.55%	-2.54%	-2.54%
P/E ratio	-0.86x	-2.07x	11.8x	5.75x	5.37x	7.35x	5.78x	4.88x
PBR	4.8x	1.66x	1.1x	1x	0.64x	0.72x	0.66x	0.6x
PEG	-	0x	-0x	0x	-0.3x	-0.6x	0.2x	0.3x
Capitalization / Revenue	0.48x	0.44x	0.28x	0.27x	0.2x	0.22x	0.21x	0.21x
EV / Revenue	1.21x	0.98x	0.49x	0.43x	0.35x	0.37x	0.34x	0.32x
EV / EBITDA	-6.46x	497x	4.27x	3.12x	3.3x	3.34x	2.89x	2.61x
EV / EBIT	-3.01x	-6.99x	10.7x	5.71x	7.99x	7.58x	6.11x	5.3x
EV / FCF	-4.47x	-19.2x	5.61x	7.17x	15.6x	10.9x	8.68x	8.02x
FCF Yield	-22.4%	-5.21%	17.8%	13.9%	6.39%	9.16%	11.5%	12.5%
Dividend per Share ²	-	-	-	0.3	0.3	0.2813	0.325	0.3793
Rate of return	-	-	-	3.73%	4.86%	3.78%	4.37%	5.1%
EPS ²	-12.51	-2.99	0.66	1.4	1.15	1.012	1.288	1.522
Distribution rate	-	-	-	21.4%	26.1%	27.8%	25.2%	24.9%
Net sales ¹	13,589	16,811	32,770	35,442	37,581	39,746	41,457	43,366
EBITDA ¹	-2,537	33	3,786	4,910	3,982	4,355	4,899	5,296
EBIT ¹	-5,451	-2,349	1,509	2,682	1,645	1,918	2,320	2,603
Net income ¹	-6,725	-2,191	791	1,673	1,380	1,216	1,598	1,873
Net Debt ¹	9,922	9,023	6,871	5,682	5,744	5,621	5,252	4,892
Reference price ²	10.815	6.180	7.765	8.048	6.176	7.436	7.436	7.436
Nbr of stocks (in thousands)	597,743	1,195,486	1,195,486	1,195,486	1,198,299	1,198,293	-	-
Announcement Date	04/03/21	03/03/22	03/03/23	07/03/24	06/03/25	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
LUFTHANSA	7.35x	0.37x	3.34x	3.78%	10.39B
DELTA AIR LINES, INC.	8.84x	0.87x	6.33x	1.05%	36.51B
UNITED AIRLINES HOLDINGS, INC.	9.55x	0.84x	6.16x	-.--%	29.86B
RYANAIR HOLDINGS PLC	11.86x	1.5x	6.47x	1.93%	28.59B
INTERGLOBE AVIATION LIMITED	32.44x	3.11x	13.92x	0.22%	26.3B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	6.86x	0.82x	3.8x	2.51%	23.81B
SINGAPORE AIRLINES LIMITED	16.16x	1.42x	6.83x	3.57%	17.51B
AIR CHINA LIMITED	24.94x	1.74x	8.3x	0.01%	16.26B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	20.9x	1.66x	7.99x	0.13%	12.87B
LATAM AIRLINES GROUP S.A.	10.3x	1.23x	4.65x	1.35%	12.58B
Average	14.92x	1.35x	6.78x	1.45%	21.47B
Weighted average by Cap.	14.57x	1.37x	7.02x	1.3%