Valuation Lufthansa

Equities

Real-time Estimate Tradegate Other stock markets 22:31:03 18/02/2026 HKT			5-day change	1st Jan Change
9.013 ^EUR	-2.75%		+1.38%	+6.97%

07:02am	Europe loses hold on American tourists, woos Chinese, Indian travellers, survey shows	RE
02-18	Lufthansa to Establish Joint Business Agreement with Air India	MT

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	11,106	11,106	-
Change	-	14.29%	25.65%	3.64%	-23.08%	50.06%	0%	-
Enterprise Value (EV) ¹	16,387	16,411	16,154	15,303	13,145	16,765	16,643	16,307
Change	-	0.15%	-1.57%	-5.27%	-14.11%	27.54%	-0.73%	-2.02%
P/E ratio	-0.86x	-2.07x	11.8x	5.75x	5.37x	8x	7.08x	6.11x
PBR	4.8x	1.66x	1.1x	1x	0.64x	0.92x	0.84x	0.76x
PEG	-	0x	-0x	0x	-0.3x	10.97x	0.5x	0.4x
Capitalization / Revenue	0.48x	0.44x	0.28x	0.27x	0.2x	0.28x	0.27x	0.25x
EV / Revenue	1.21x	0.98x	0.49x	0.43x	0.35x	0.42x	0.4x	0.37x
EV / EBITDA	-6.46x	497x	4.27x	3.12x	3.3x	3.92x	3.48x	3.16x
EV / EBIT	-3.01x	-6.99x	10.7x	5.71x	7.99x	8.71x	7.29x	6.25x
EV / FCF	-4.47x	-19.2x	5.61x	7.17x	15.6x	9.22x	13.3x	10.3x
FCF Yield	-22.4%	-5.21%	17.8%	13.9%	6.39%	10.8%	7.52%	9.72%
Dividend per Share ²	-	-	-	0.3	0.3	0.323	0.3571	0.4274
Rate of return	-	-	-	3.73%	4.86%	3.48%	3.85%	4.61%
EPS ²	-12.51	-2.99	0.66	1.4	1.15	1.158	1.308	1.518
Distribution rate	-	-	-	21.4%	26.1%	27.9%	27.3%	28.2%
Net sales ¹	13,589	16,811	32,770	35,442	37,581	39,519	41,554	43,577
EBITDA ¹	-2,537	33	3,786	4,910	3,982	4,277	4,777	5,163
EBIT ¹	-5,451	-2,349	1,509	2,682	1,645	1,924	2,284	2,608
Net income ¹	-6,725	-2,191	791	1,673	1,380	1,408	1,594	1,842
Net Debt ¹	9,922	9,023	6,871	5,682	5,744	5,659	5,537	5,201
Reference price ²	10.815	6.180	7.765	8.048	6.176	9.268	9.268	9.268
Nbr of stocks (in thousands)	597,743	1,195,486	1,195,486	1,195,486	1,198,299	1,198,293	1,198,293	-
Announcement Date	4/3/21	3/3/22	3/3/23	7/3/24	6/3/25	-	-	-

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	8x	0.42x	3.92x	3.48%	13.14B
DELTA AIR LINES, INC.	9.65x	0.91x	6.11x	1.08%	46.02B
UNITED AIRLINES HOLDINGS, INC.	8.6x	0.86x	5.85x	-.--%	36.88B
RYANAIR HOLDINGS PLC	13.29x	1.72x	7.07x	1.7%	34.14B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	7.51x	0.91x	3.99x	2.1%	27.48B
INTERGLOBE AVIATION LIMITED	63.2x	2.54x	12.37x	0.2%	21.23B
AIR CHINA LIMITED	1836.46x	1.89x	9.83x	-.--%	20.01B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	111.78x	1.91x	9.4x	0.07%	18.5B
CHINA EASTERN AIRLINES CORPORATION LIMITED	139.27x	2.18x	10.01x	-.--%	18.46B
SINGAPORE AIRLINES LIMITED	24.91x	1.42x	6.82x	3.04%	17.42B
Average	222.27x	1.48x	7.54x	1.17%	25.33B
Weighted average by Cap.	176.41x	1.40x	7.25x	1.06%