Financials Lufthansa Borsa Italiana

Equities

1LHA

DE0008232125

Airlines

Real-time Estimate Tradegate 04:46:32 2024-07-12 am EDT 5-day change 1st Jan Change
5.816 EUR -0.75% Intraday chart for Lufthansa -2.20% -27.20%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,847 6,465 7,388 9,283 9,621 6,933 - -
Enterprise Value (EV) 1 14,509 16,387 16,411 16,154 15,303 12,708 11,819 11,534
P/E ratio 6.44 x -0.86 x -2.07 x 11.8 x 5.75 x 5.2 x 3.9 x 3.68 x
Yield - - - - 3.73% 4.57% 5.7% 6.74%
Capitalization / Revenue 0.22 x 0.48 x 0.44 x 0.28 x 0.27 x 0.18 x 0.17 x 0.16 x
EV / Revenue 0.4 x 1.21 x 0.98 x 0.49 x 0.43 x 0.34 x 0.29 x 0.27 x
EV / EBITDA 3.02 x -6.46 x 497 x 4.27 x 3.12 x 2.96 x 2.39 x 2.22 x
EV / FCF 24.9 x -4.47 x -19.2 x 5.61 x 7.17 x 11.8 x 7.06 x 10.3 x
FCF Yield 4.01% -22.4% -5.21% 17.8% 13.9% 8.46% 14.2% 9.67%
Price to Book 0.77 x 4.8 x 1.66 x 1.1 x 1 x 0.65 x 0.58 x 0.52 x
Nbr of stocks (in thousands) 478,194 597,743 1,195,486 1,195,486 1,195,486 1,196,618 - -
Reference price 2 16.41 10.82 6.180 7.765 8.048 5.794 5.794 5.794
Announcement Date 3/19/20 3/4/21 3/3/22 3/3/23 3/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 36,424 13,589 16,811 32,770 35,442 37,719 40,517 42,102
EBITDA 1 4,802 -2,537 33 3,786 4,910 4,299 4,941 5,203
EBIT 1 2,026 -5,451 -2,349 1,509 2,682 2,051 2,623 2,795
Operating Margin 5.56% -40.11% -13.97% 4.6% 7.57% 5.44% 6.47% 6.64%
Earnings before Tax (EBT) 1 1,860 -8,631 -2,606 1,050 2,317 1,670 2,285 2,439
Net income 1 1,213 -6,725 -2,191 791 1,673 1,283 1,767 1,897
Net margin 3.33% -49.49% -13.03% 2.41% 4.72% 3.4% 4.36% 4.5%
EPS 2 2.550 -12.51 -2.990 0.6600 1.400 1.115 1.487 1.573
Free Cash Flow 1 582 -3,669 -855 2,882 2,134 1,076 1,675 1,115
FCF margin 1.6% -27% -5.09% 8.79% 6.02% 2.85% 4.13% 2.65%
FCF Conversion (EBITDA) 12.12% - - 76.12% 43.46% 25.02% 33.89% 21.43%
FCF Conversion (Net income) 47.98% - - 364.35% 127.56% 83.83% 94.79% 58.79%
Dividend per Share 2 - - - - 0.3000 0.2651 0.3302 0.3907
Announcement Date 3/19/20 3/4/21 3/3/22 3/3/23 3/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 5,771 5,833 5,363 8,462 13,825 10,068 8,877 7,017 9,389 16,406 10,275 8,761 7,392 9,827 - 10,635 8,941 - -
EBITDA 1 - - -28 958 - 1,706 1,150 - 1,508 - 2,026 973 -279 1,247 - 2,285 912.9 - -
EBIT 1 -2,095 -271 -591 393 -198 1,132 575 -273 965 453 1,468 402 -849 728.3 - 1,495 385.9 - -
Operating Margin -36.3% -4.65% -11.02% 4.64% -1.43% 11.24% 6.48% -3.89% 10.28% 2.76% 14.29% 4.59% -11.49% 7.41% - 14.05% 4.32% - -
Earnings before Tax (EBT) 1 -2,234 -288 -690 356 -334 1,078 306 -530 1,086 511 1,489 297 -939 502.8 -459 1,286 863.4 - -
Net income 1 -1,805 -314 -584 259 -325 809 307 -467 881 414 1,192 67 -734 445.2 -367 1,051 498.9 - -
Net margin -31.28% -5.38% -10.89% 3.06% -2.35% 8.04% 3.46% -6.66% 9.38% 2.52% 11.6% 0.76% -9.93% 4.53% - 9.88% 5.58% - -
EPS 2 - -0.4500 -0.4900 0.2200 - - 0.2500 -0.3900 0.7400 - 1.000 0.0500 -0.6100 0.4685 - 1.082 0.4230 - -
Dividend per Share 2 - - - - - - - - - - - 0.3000 - - - - 0.2580 - -
Announcement Date 8/5/21 3/3/22 5/5/22 8/5/22 8/5/22 10/27/22 3/3/23 5/3/23 8/3/23 8/3/23 11/2/23 3/7/24 4/30/24 - - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,662 9,922 9,023 6,871 5,682 5,774 4,886 4,601
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.387 x -3.911 x 273.4 x 1.815 x 1.157 x 1.343 x 0.9888 x 0.8842 x
Free Cash Flow 1 582 -3,669 -855 2,882 2,134 1,076 1,675 1,115
ROE (net income / shareholders' equity) 12.1% -488% -75.6% 12.3% 18.6% 13% 15.4% 15.3%
ROA (Net income/ Total Assets) 3% -16.4% -5.34% 1.84% 3.77% 2.79% 3.33% 3.76%
Assets 1 40,436 41,081 41,011 42,935 44,328 45,970 53,085 50,379
Book Value Per Share 2 21.20 2.250 3.720 7.030 8.080 8.930 10.00 11.20
Cash Flow per Share 2 8.470 -4.330 0.8400 4.320 4.140 2.900 3.740 3.280
Capex 1 3,559 1,273 1,329 2,286 4,115 2,848 3,094 3,021
Capex / Sales 9.77% 9.37% 7.91% 6.98% 11.61% 7.55% 7.64% 7.17%
Announcement Date 3/19/20 3/4/21 3/3/22 3/3/23 3/7/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
5.794 EUR
Average target price
7.781 EUR
Spread / Average Target
+34.30%
Consensus