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 11,004 - -
Change - 25.65% 3.64% -23.08% 36.11% 9.25% - -
Enterprise Value (EV) 1 16,411 16,154 15,303 13,145 16,479 17,642 17,539 17,250
Change - -1.57% -5.27% -14.11% 25.37% 7.06% -0.58% -1.65%
P/E -2.07x 11.8x 5.75x 5.37x 7.51x 8.66x 6.39x 5.47x
PBR 1.66x 1.1x 1x 0.64x 0.86x 0.87x 0.78x 0.7x
PEG - -0x 0x -0.3x -2.88x -1.59x 0.2x 0.3x
Capitalization / Revenue 0.44x 0.28x 0.27x 0.2x 0.25x 0.26x 0.25x 0.24x
EV / Revenue 0.98x 0.49x 0.43x 0.35x 0.42x 0.41x 0.4x 0.37x
EV / EBITDA 497x 4.27x 3.12x 3.3x 3.81x 4.06x 3.47x 3.12x
EV / EBIT -6.99x 10.7x 5.71x 7.99x 8.41x 9.43x 7.09x 6.09x
EV / FCF -19.2x 5.61x 7.17x 15.6x 13.1x 10.1x 11x 7.68x
FCF Yield -5.21% 17.8% 13.9% 6.39% 7.62% 9.95% 9.06% 13%
Dividend per Share 2 - - 0.3 0.3 0.33 0.3186 0.4029 0.4891
Rate of return - - 3.73% 4.86% 3.93% 3.47% 4.39% 5.33%
EPS 2 -2.99 0.66 1.4 1.15 1.12 1.059 1.436 1.677
Distribution rate - - 21.4% 26.1% 29.5% 30.1% 28.1% 29.2%
Net sales 1 16,811 32,770 35,442 37,581 39,597 42,723 44,364 46,042
EBITDA 1 33 3,786 4,910 3,982 4,329 4,351 5,057 5,536
EBIT 1 -2,349 1,509 2,682 1,645 1,960 1,872 2,475 2,830
Net income 1 -2,191 791 1,673 1,380 1,339 1,261 1,709 2,010
Net Debt 1 9,023 6,871 5,682 5,744 6,406 6,637 6,535 6,246
Reference price 2 6.180 7.765 8.048 6.176 8.406 9.176 9.176 9.176
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 3/3/22 3/3/23 7/3/24 6/3/25 6/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.62x0.41x4.04x3.49% 12.53B
13.87x0.98x7.37x0.89% 55.93B
10.56x0.85x6.71x-.--% 39.06B
13.72x1.53x6.71x1.77% 31.68B
9.21x0.84x4.02x1.94% 27.13B
-358.42x2.65x14x0.2% 20.56B
29.25x1.23x6.25x3.43% 18.61B
-13.63x1.54x9.96x-.--% 13.46B
-119.83x1.5x8.5x-.--% 12.03B
-572.34x1.65x9.07x-.--% 11.06B
Average -97.90x 1.32x 7.66x 1.17% 24.2B
Weighted average by Cap. -52.88x 1.23x 7.38x 1.12%

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