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Deutsche Lufthansa
(XETRA:LHA)
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Rating:63Neutral
Price Target:
€9.00
▲(2.74% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by improved but not high-confidence financial performance (profitability restored, but margin pressure, meaningful leverage, and weak/negative recent free cash flow). Valuation is a clear positive with a low P/E and a supportive dividend yield, while technicals are a headwind due to weak near-term momentum (below short-term moving averages and negative MACD).
Positive Factors
Diversified revenue streams
Lufthansa’s multi-segment business (passenger, cargo, MRO and aviation services) spreads revenue across different cycles. Long-term MRO/service contracts and cargo exposure provide recurring and countercyclical revenue that bolsters stability and lowers single-market dependency over months.
Negative Factors
Meaningful remaining leverage
Despite deleveraging since 2021, elevated debt levels remain for a cyclical carrier. Persistent leverage increases interest burden and reduces financial flexibility, limiting the company’s ability to absorb shocks, invest opportunistically, or return capital without issuing new debt or equity.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Lufthansa’s multi-segment business (passenger, cargo, MRO and aviation services) spreads revenue across different cycles. Long-term MRO/service contracts and cargo exposure provide recurring and countercyclical revenue that bolsters stability and lowers single-market dependency over months.
Read all positive factors
Deutsche Lufthansa (LHA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€10.03B
Dividend Yield3.98%
Average Volume (3M)3.76M
Price to Earnings (P/E)14.6
Beta (1Y)1.20
Revenue Growth6.22%
EPS Growth-62.23%
CountryDE
Employees103,305
SectorGeneral
Sector StrengthN/A
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)0.57
Shares Outstanding1,202,082,900
10 Day Avg. Volume3,200,762
30 Day Avg. Volume3,758,007
Financial Highlights & Ratios
PEG Ratio-2.88
Price to Book (P/B)0.87
Price to Sales (P/S)0.25
P/FCF Ratio-13.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€8.24Price Target Upside-5.95% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering11
EPS Forecast (FY)0.96
Revenue Forecast (FY)€42.78B
Deutsche Lufthansa Business Overview & Revenue Model
Company Description
Deutsche Lufthansa AG is a prominent aviation group based in Germany, conducting operations worldwide. Its Network Airlines division is dedicated to offering passenger transportation services. The Eurowings segment also provides passenger flights,...
How the Company Makes Money
Lufthansa makes money through multiple business segments with revenue largely tied to air traffic demand, fleet utilization, and aviation service contracts. (1) Passenger airlines: The largest revenue stream is selling passenger tickets and relate...
Deutsche Lufthansa Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.03B | 39.60B | 37.58B | 35.44B | 30.89B | 16.81B |
| Gross Profit | 4.85B | 3.77B | 3.73B | 4.28B | 3.10B | -1.09B |
| EBITDA | 4.46B | 4.73B | 4.39B | 5.05B | 3.83B | 9.00M |
| Net Income | 670.00M | 1.34B | 1.38B | 1.67B | 791.00M | -2.19B |
Balance Sheet | ||||||
| Total Assets | 50.87B | 49.42B | 48.16B | 46.16B | 44.26B | 43.49B |
| Cash, Cash Equivalents and Short-Term Investments | 8.14B | 8.15B | 8.49B | 8.27B | 8.30B | 7.67B |
| Total Debt | 14.82B | 14.55B | 14.23B | 13.95B | 15.17B | 16.69B |
| Total Liabilities | 38.70B | 37.71B | 36.56B | 36.45B | 35.78B | 39.00B |
| Stockholders Equity | 12.11B | 11.65B | 11.54B | 9.66B | 8.40B | 4.45B |
Cash Flow | ||||||
| Free Cash Flow | -1.39B | -737.00M | -6.00M | 659.00M | 2.66B | -700.00M |
| Operating Cash Flow | 3.48B | 3.74B | 3.89B | 4.71B | 5.17B | 618.00M |
| Investing Cash Flow | -1.60B | -3.51B | -2.33B | -2.94B | -3.44B | -3.02B |
| Financing Cash Flow | -1.89B | -850.00M | -1.45B | -2.07B | -2.27B | 2.87B |
Deutsche Lufthansa Technical Analysis
Negative
8.76
Price Trends
9.01
Negative
8.27
Positive
8.16
Positive
Market Momentum
-0.14
Positive
38.91
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:LHA, the sentiment is Negative. The current price of 8.76 is below the 20-day moving average (MA) of 8.88, below the 50-day MA of 9.01, and above the 200-day MA of 8.16, indicating a neutral trend. The MACD of -0.14 indicates Positive momentum. The RSI at 38.91 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:LHA.
Deutsche Lufthansa Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €19.97B | 21.46 | 20.01% | 1.05% | 12.33% | 10.49% | |
63 Neutral | €10.03B | 14.56 | 5.65% | 3.77% | 6.22% | -62.23% | |
60 Neutral | €61.92B | 16.64 | 16.07% | 3.33% | 1.28% | 11.18% | |
59 Neutral | €6.18B | 15.82 | 8.46% | 1.52% | 3.04% | -1.81% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €21.99B | 87.75 | 1.39% | 2.30% | -10.66% | -90.22% | |
52 Neutral | €3.14B | 11.05 | 14.31% | 4.59% | 6.71% | 17.83% |
* General Sector Average
DE:LHA
Deutsche Lufthansa
8.30
0.55
7.14%
DE:DHL
DHL Group
55.26
15.43
38.73%
DE:FRA
Fraport AG Frankfurt Airport Services Worldwide
66.60
-8.35
-11.14%
DE:HLAG
Hapag Lloyd
124.60
-3.46
-2.70%
DE:MTX
MTU Aero Engines
375.70
-8.19
-2.13%
DE:SIX2
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70.60
-18.99
-21.20%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.