Deutsche Lufthansa AG

SWX:LHA Stock Report

Market Cap: CHF 8.5b

Deutsche Lufthansa Valuation

Is LHA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of LHA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: LHA (CHF7.46) is trading below our estimate of future cash flow value (CHF20)

Significantly Below Future Cash Flow Value: LHA is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LHA?

Key metric: As LHA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LHA. This is calculated by dividing LHA's market cap by their current earnings.
What is LHA's PE Ratio?
PE Ratio7x
Earnings€1.33b
Market Cap€9.35b

Price to Earnings Ratio vs Peers

How does LHA's PE Ratio compare to its peers?

The above table shows the PE ratio for LHA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.2x
FHZN Flughafen Zürich
21.5x0.85%CHF 7.4b
KNIN Kuehne + Nagel International
23x7.83%CHF 20.3b
JFN Jungfraubahn Holding
22.9x2.42%CHF 1.8b
LTM LATAM Airlines Group
9.3x11.13%CL$12.9t
LHA Deutsche Lufthansa
7x11.53%CHF 9.3b

Price-To-Earnings vs Peers: LHA is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (19.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does LHA's PE Ratio compare vs other companies in the Global Airlines Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LHA 7.0xIndustry Avg. 8.5xNo. of Companies10PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LHA is good value based on its Price-To-Earnings Ratio (7x) compared to the Global Airlines industry average (8.7x).

Price to Earnings Ratio vs Fair Ratio

What is LHA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LHA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LHA's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LHA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 7.46
CHF 8.10
+8.63%
15.35%CHF 10.85CHF 5.65n/a18
Mar ’27CHF 8.32
CHF 8.07
-3.10%
16.42%CHF 10.95CHF 5.70n/a18
Feb ’27CHF 8.10
CHF 8.10
-0.088%
16.37%CHF 11.14CHF 5.57n/a18
Jan ’27CHF 7.73
CHF 7.45
-3.62%
19.09%CHF 11.17CHF 5.03n/a16
Dec ’26n/a
CHF 7.21
0%
18.52%CHF 11.21CHF 5.05n/a17
Nov ’26n/a
CHF 7.02
0%
20.09%CHF 11.13CHF 4.92n/a17
Oct ’26n/a
CHF 7.22
0%
19.21%CHF 11.22CHF 4.68n/a16
Sep ’26n/a
CHF 7.10
0%
19.14%CHF 11.24CHF 4.68n/a16
Aug ’26n/a
CHF 6.80
0%
22.13%CHF 11.19CHF 4.66n/a16
Jul ’26n/a
CHF 6.64
0%
22.22%CHF 11.21CHF 4.67n/a17
Jun ’26n/a
CHF 6.44
0%
23.18%CHF 11.19CHF 4.52n/a19
May ’26n/a
CHF 6.46
0%
23.23%CHF 11.24CHF 4.54n/a19
Apr ’26n/a
CHF 6.96
0%
21.49%CHF 11.44CHF 5.24n/a19
Mar ’26n/a
CHF 6.69
0%
23.37%CHF 11.26CHF 4.69CHF 8.3219
Feb ’26n/a
CHF 6.73
0%
23.36%CHF 11.41CHF 4.75CHF 8.1019
Jan ’26n/a
CHF 6.73
0%
22.03%CHF 11.18CHF 5.12CHF 7.7319
Dec ’25n/a
CHF 6.70
0%
23.57%CHF 11.19CHF 4.48n/a18
Nov ’25n/a
CHF 6.74
0%
23.92%CHF 11.32CHF 4.53n/a18
Oct ’25n/a
CHF 6.38
0%
28.20%CHF 11.24CHF 4.22n/a17
Sep ’25n/a
CHF 6.46
0%
28.51%CHF 11.34CHF 4.25n/a17
Aug ’25CHF 16.00
CHF 6.59
-58.83%
27.84%CHF 11.31CHF 4.24n/a16
Jul ’25CHF 16.00
CHF 7.74
-51.62%
24.06%CHF 11.83CHF 5.00n/a17
Jun ’25CHF 16.00
CHF 8.31
-48.07%
22.67%CHF 12.04CHF 5.58n/a17
May ’25CHF 16.00
CHF 8.30
-48.12%
23.16%CHF 12.09CHF 5.60n/a17
Apr ’25CHF 16.00
CHF 8.88
-44.47%
22.47%CHF 13.32CHF 6.46n/a17
Mar ’25CHF 16.00
CHF 9.22
-42.37%
22.51%CHF 14.33CHF 6.30n/a18
CHF 8.58
Fair Value
13.1% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/12 15:14
End of Day Share Price 2026/03/12 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Deutsche Lufthansa AG is covered by 30 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David FintzenBarclays
Andrew LobbenbergBarclays
Conor DwyerBerenberg