Valuation Lufthansa

Equities

Market Closed - Xetra Other stock markets 09:06:25 13/05/2026 pm IST			After hours 01:28:11 am
8.130 ^EUR	-4.58%		8.150	+0.25%

04:25pm	LUFTHANSA AG : Deutsche Bank remains Neutral	ZD
02:30pm	Lufthansa's Swiss Unit, Metafuels to Jointly Develop Sustainable Aviation Fuel	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	7,388	9,283	9,621	7,401	10,073	10,218	-	-
Change	-	25.65%	3.64%	-23.08%	36.11%	1.44%	-	-
Enterprise Value (EV) ¹	16,411	16,154	15,303	13,145	16,479	16,789	16,586	16,642
Change	-	-1.57%	-5.27%	-14.11%	25.37%	1.88%	-1.21%	0.34%
P/E ratio	-2.07x	11.8x	5.75x	5.37x	7.51x	8.16x	6.29x	5.43x
PBR	1.66x	1.1x	1x	0.64x	0.86x	0.81x	0.74x	0.67x
PEG	-	-0x	0x	-0.3x	-2.88x	-1.21x	0.2x	0.3x
Capitalization / Revenue	0.44x	0.28x	0.27x	0.2x	0.25x	0.24x	0.23x	0.22x
EV / Revenue	0.98x	0.49x	0.43x	0.35x	0.42x	0.39x	0.37x	0.36x
EV / EBITDA	497x	4.27x	3.12x	3.3x	3.81x	3.91x	3.36x	3.06x
EV / EBIT	-6.99x	10.7x	5.71x	7.99x	8.41x	9.02x	6.92x	5.97x
EV / FCF	-19.2x	5.61x	7.17x	15.6x	13.1x	10.2x	10.1x	8.23x
FCF Yield	-5.21%	17.8%	13.9%	6.39%	7.62%	9.76%	9.89%	12.2%
Dividend per Share ²	-	-	0.3	0.3	0.33	0.2921	0.3721	0.4737
Rate of return	-	-	3.73%	4.86%	3.93%	3.43%	4.37%	5.56%
EPS ²	-2.99	0.66	1.4	1.15	1.12	1.044	1.354	1.569
Distribution rate	-	-	21.4%	26.1%	29.5%	28%	27.5%	30.2%
Net sales ¹	16,811	32,770	35,442	37,581	39,597	43,189	44,418	46,098
EBITDA ¹	33	3,786	4,910	3,982	4,329	4,296	4,929	5,444
EBIT ¹	-2,349	1,509	2,682	1,645	1,960	1,861	2,396	2,788
Net income ¹	-2,191	791	1,673	1,380	1,339	1,218	1,576	1,872
Net Debt ¹	9,023	6,871	5,682	5,744	6,406	6,571	6,368	6,425
Reference price ²	6.180	7.765	8.048	6.176	8.406	8.520	8.520	8.520
Nbr of stocks (in thousands)	11,95,486	11,95,486	11,95,486	11,98,299	11,98,293	11,99,265	-	-
Announcement Date	03/03/22	03/03/23	07/03/24	06/03/25	06/03/26	-	-	-

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	8.22x	0.39x	3.91x	3.43%	1.2TCr
DELTA AIR LINES, INC.	15.05x	0.87x	7.45x	1.09%	4.62TCr
UNITED AIRLINES HOLDINGS, INC.	9.78x	0.72x	6.31x	-.--%	3.11TCr
RYANAIR HOLDINGS PLC	11.11x	1.41x	5.81x	2.03%	2.81TCr
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	7.5x	0.74x	3.55x	2.37%	2.4TCr
INTERGLOBE AVIATION LIMITED	-297.81x	2.24x	11.83x	0.24%	1.7TCr
AIR CHINA LIMITED	-11.86x	1.62x	10.27x	-.--%	1.61TCr
SINGAPORE AIRLINES LIMITED	18.05x	1.23x	5.53x	4.28%	1.56TCr
LATAM AIRLINES GROUP S.A.	8.95x	1.11x	4.56x	3.34%	1.39TCr
CHINA EASTERN AIRLINES CORPORATION LIMITED	555x	1.82x	8.4x	-.--%	1.38TCr
Average	32.40x	1.21x	6.76x	1.68%	2.18TCr
Weighted average by Cap.	20.19x	1.14x	6.74x	1.48%