Deutsche Lufthansa AG

OTCPK:DLAK.F Stock Report

Market Cap: US$7.6b

Deutsche Lufthansa Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: DLAK.F ($6.4) is trading below our estimate of fair value ($7.42)

Significantly Below Fair Value: DLAK.F is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DLAK.F?

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

The above table shows the Price to Earnings ratio for DLAK.F. This is calculated by dividing DLAK.F's market cap by their current earnings.
What is DLAK.F's PE Ratio?
PE Ratio6.6x
Earnings€1.12b
Market Cap€7.38b

Price to Earnings Ratio vs Peers

How does DLAK.F's PE Ratio compare to its peers?

The above table shows the PE ratio for DLAK.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.1x
ALK Alaska Air Group
25.3x40.7%US$8.2b
AAL American Airlines Group
40.6x39.6%US$11.5b
CPA Copa Holdings
5.6x6.8%US$3.6b
SKYW SkyWest
16.8x16.1%US$4.0b
DLAK.F Deutsche Lufthansa
6.6x2.0%US$7.4b

Price-To-Earnings vs Peers: DLAK.F is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (22.1x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DLAK.F 6.6xIndustry Avg. 9.4xNo. of Companies7PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DLAK.F is good value based on its Price-To-Earnings Ratio (6.6x) compared to the Global Airlines industry average (9.3x).

Price to Earnings Ratio vs Fair Ratio

What is DLAK.F'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.

DLAK.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.6x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: DLAK.F is good value based on its Price-To-Earnings Ratio (6.6x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).

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 DLAK.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$6.40
US$7.55
+18.0%
22.6%US$12.52US$5.74n/a18
Dec ’25US$6.55
US$7.86
+20.0%
24.2%US$13.11US$5.24n/a17
Nov ’25US$6.97
US$7.74
+11.1%
24.6%US$13.00US$5.20n/a17
Oct ’25US$6.84
US$7.54
+10.2%
28.2%US$13.28US$4.98n/a17
Sep ’25US$6.41
US$7.46
+16.5%
28.5%US$13.12US$4.92n/a17
Aug ’25US$6.01
US$7.54
+25.5%
27.8%US$12.95US$4.86n/a16
Jul ’25US$6.30
US$8.61
+36.7%
24.1%US$13.16US$5.57n/a17
Jun ’25US$7.00
US$9.21
+31.5%
22.7%US$13.34US$6.18n/a17
May ’25US$7.10
US$9.03
+27.2%
23.2%US$13.15US$6.09n/a17
Apr ’25US$7.82
US$9.82
+25.6%
22.5%US$14.72US$7.15n/a17
Mar ’25US$7.77
US$10.48
+34.8%
22.5%US$16.28US$7.16n/a18
Feb ’25US$8.43
US$10.95
+29.9%
24.8%US$16.26US$7.16n/a17
Jan ’25US$8.76
US$11.37
+29.8%
25.3%US$16.47US$7.35US$6.5117
Dec ’24US$8.62
US$11.72
+36.0%
22.4%US$16.46US$7.35US$6.5517
Nov ’24US$6.94
US$11.79
+69.9%
20.7%US$15.88US$7.41US$6.9717
Oct ’24US$7.87
US$12.49
+58.7%
18.6%US$15.84US$8.45US$6.8417
Sep ’24n/a
US$13.40
0%
18.8%US$17.01US$8.78US$6.4116
Aug ’24US$9.65
US$13.67
+41.7%
18.4%US$17.80US$8.90US$6.0116
Jul ’24US$9.90
US$13.64
+37.8%
18.6%US$18.64US$8.77US$6.3016
Jun ’24US$9.86
US$13.60
+37.9%
17.6%US$18.24US$8.58US$7.0015
May ’24US$10.47
US$13.14
+25.5%
23.7%US$18.21US$6.72US$7.1016
Apr ’24US$11.17
US$12.45
+11.5%
25.5%US$17.90US$6.61US$7.8216
Mar ’24US$10.49
US$9.99
-4.8%
22.9%US$15.82US$6.41US$7.7716
Feb ’24US$10.49
US$9.37
-10.7%
18.6%US$11.64US$6.53US$8.4315
Jan ’24US$8.39
US$8.53
+1.7%
16.0%US$10.47US$5.61US$8.7613

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 10:18
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Deutsche Lufthansa AG is covered by 55 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephan BauerBankhaus Lampe KG
Andrew LobbenbergBarclays
David FintzenBarclays