Deutsche Lufthansa (DE:LHA)
XETRA:LHA
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Deutsche Lufthansa
(XETRA:LHA)
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Rating:57Neutral
Price Target:
€8.50
▲(4.68% Upside)
Action:ReiteratedDate:04/09/26
The score is driven primarily by middling financial performance—earnings recovery is offset by 2025 margin pressure, negative free cash flow, and still-elevated leverage. Weak technical momentum further weighs on the rating, while a low P/E and decent dividend yield provide meaningful valuation support.
Positive Factors
Diversified revenue streams
Lufthansa’s business spans passenger airlines, cargo, MRO (Lufthansa Technik) and training, creating diversified cash flows. This mix reduces reliance on a single demand cycle, supports recurring third‑party MRO revenue and cushions group results across travel and trade cycles.
Negative Factors
Volatile and negative free cash flow
Meaningfully negative free cash flow in 2025 indicates capital spending and/or working‑capital swings are consuming cash despite operating profits. Persistent FCF weakness constrains reinvestment, dividend sustainability and increases reliance on external financing over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Lufthansa’s business spans passenger airlines, cargo, MRO (Lufthansa Technik) and training, creating diversified cash flows. This mix reduces reliance on a single demand cycle, supports recurring third‑party MRO revenue and cushions group results across travel and trade cycles.
Read all positive factors
Deutsche Lufthansa (LHA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€9.74B
Dividend Yield3.56%
Average Volume (3M)3.76M
Price to Earnings (P/E)7.5
Beta (1Y)1.17
Revenue Growth5.95%
EPS Growth82.99%
CountryDE
Employees102,574
SectorGeneral
Sector StrengthN/A
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)0.21
Shares Outstanding1,199,282,800
10 Day Avg. Volume3,200,762
30 Day Avg. Volume3,758,007
Financial Highlights & Ratios
PEG Ratio-2.89
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
€8.21Price Target Upside1.11% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)1.12
Revenue Forecast (FY)€42.59B
Deutsche Lufthansa Business Overview & Revenue Model
Company Description
Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. The company's Network Airlines segment offers passenger services. Its Eurowings segment provides passenger services through a route network of more than 100 dest...
How the Company Makes Money
Lufthansa makes money through multiple aviation revenue streams. (1) Passenger airlines: The core revenue driver is selling air transportation to passengers across short-, medium-, and long-haul routes. Revenue is generated primarily from ticket s...
Deutsche Lufthansa Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
57
Neutral
Cash Flow
49
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 39.60B | 37.58B | 35.44B | 30.89B | 16.81B |
| Gross Profit | 3.77B | 3.73B | 4.28B | 3.10B | -1.09B |
| EBITDA | 3.20B | 3.07B | 3.75B | 2.93B | -732.00M |
| Net Income | 1.34B | 1.38B | 1.67B | 791.00M | -2.19B |
Balance Sheet | |||||
| Total Assets | 49.42B | 48.16B | 46.16B | 44.26B | 43.49B |
| Cash, Cash Equivalents and Short-Term Investments | 8.15B | 8.49B | 8.27B | 8.30B | 7.67B |
| Total Debt | 14.55B | 14.23B | 13.95B | 15.17B | 16.69B |
| Total Liabilities | 37.71B | 36.56B | 36.45B | 35.78B | 39.00B |
| Stockholders Equity | 11.65B | 11.54B | 9.66B | 8.40B | 4.45B |
Cash Flow | |||||
| Free Cash Flow | -737.00M | -6.00M | 659.00M | 2.66B | -700.00M |
| Operating Cash Flow | 3.74B | 3.89B | 4.71B | 5.17B | 618.00M |
| Investing Cash Flow | -3.51B | -2.33B | -2.94B | -3.44B | -3.02B |
| Financing Cash Flow | -850.00M | -1.45B | -2.07B | -2.27B | 2.87B |
Deutsche Lufthansa Technical Analysis
Positive
8.12
Price Trends
8.39
Negative
8.38
Negative
7.97
Positive
Market Momentum
-0.21
Negative
54.33
Neutral
59.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:LHA, the sentiment is Positive. The current price of 8.12 is above the 20-day moving average (MA) of 7.63, below the 50-day MA of 8.39, and above the 200-day MA of 7.97, indicating a neutral trend. The MACD of -0.21 indicates Negative momentum. The RSI at 54.33 is Neutral, neither overbought nor oversold. The STOCH value of 59.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | €7.49B | 14.97 | 9.57% | ― | 0.11% | 2.58% | |
62 Neutral | €17.97B | 18.80 | 29.86% | 0.62% | 45.24% | ― | |
60 Neutral | €53.26B | 15.14 | 15.89% | 3.97% | 0.77% | 12.83% | |
59 Neutral | €3.13B | 11.63 | 13.82% | 3.86% | 8.60% | 20.38% | |
57 Neutral | €9.74B | 7.53 | 12.23% | 3.56% | 5.95% | 82.99% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €21.43B | 22.72 | 4.94% | 7.14% | 8.66% | 5.41% |
* General Sector Average
DE:LHA
Deutsche Lufthansa
8.12
2.43
42.83%
DE:DHL
DHL Group
48.33
15.73
48.26%
DE:FRA
Fraport AG Frankfurt Airport Services Worldwide
81.05
25.00
44.60%
DE:HLAG
Hapag Lloyd
121.90
4.90
4.19%
DE:MTX
MTU Aero Engines
333.60
50.02
17.64%
DE:SIX2
Sixt SE
70.65
-0.47
-0.66%
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.