Valuation Lufthansa

Equities

Market Closed - Xetra Other stock markets 19:36:46 19/05/2026 +04			After hours 22:50:02
7.670 ^EUR	-0.54%		7.710	+0.52%

05:14pm	GNW-Voting Rights: Deutsche Lufthansa AG: Release according to Article 40, Section 1 of the WpHG with the objective of Europe-wide distribution	DP
04:46pm	Portuguese cabin crew union to join June 3 national strike	RE

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	9,249	-	-
Change	-	25.65%	3.64%	-23.08%	36.11%	-8.18%	-	-
Enterprise Value (EV) ¹	16,411	16,154	15,303	13,145	16,479	15,820	15,617	15,673
Change	-	-1.57%	-5.27%	-14.11%	25.37%	-4%	-1.28%	0.36%
P/E ratio	-2.07x	11.8x	5.75x	5.37x	7.51x	7.39x	5.7x	4.92x
PBR	1.66x	1.1x	1x	0.64x	0.86x	0.73x	0.67x	0.6x
PEG	-	-0x	0x	-0.3x	-2.88x	-1.09x	0.2x	0.3x
Capitalization / Revenue	0.44x	0.28x	0.27x	0.2x	0.25x	0.21x	0.21x	0.2x
EV / Revenue	0.98x	0.49x	0.43x	0.35x	0.42x	0.37x	0.35x	0.34x
EV / EBITDA	497x	4.27x	3.12x	3.3x	3.81x	3.68x	3.17x	2.88x
EV / EBIT	-6.99x	10.7x	5.71x	7.99x	8.41x	8.5x	6.52x	5.62x
EV / FCF	-19.2x	5.61x	7.17x	15.6x	13.1x	9.65x	9.52x	7.75x
FCF Yield	-5.21%	17.8%	13.9%	6.39%	7.62%	10.4%	10.5%	12.9%
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%	3.79%	4.83%	6.14%
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	7.712	7.712	7.712
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

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	7.39x	0.37x	3.68x	3.79%	10.76B
DELTA AIR LINES, INC.	14.95x	0.87x	7.41x	1.1%	45.9B
UNITED AIRLINES HOLDINGS, INC.	9.44x	0.7x	6.17x	-.--%	30.04B
RYANAIR HOLDINGS PLC	11.23x	1.42x	5.88x	2.01%	28.21B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	7.79x	0.73x	3.53x	2.33%	23.04B
INTERGLOBE AVIATION LIMITED	-303.06x	2.27x	12.01x	0.23%	17.16B
SINGAPORE AIRLINES LIMITED	22.5x	1.09x	5.41x	3.91%	15.79B
AIR CHINA LIMITED	-21.72x	1.52x	9.76x	-.--%	14.94B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	-65.86x	1.51x	9.65x	-.--%	12.58B
CHINA EASTERN AIRLINES CORPORATION LIMITED	304.58x	1.67x	9.26x	-.--%	12.45B
Average	-1.28x	1.21x	7.28x	1.34%	21.09B
Weighted average by Cap.	-3.13x	1.14x	7.05x	1.27%