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Deutsche Lufthansa

XTRA:LHA
Snowflake Description

Good value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LHA
XTRA
€4B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
  • Deutsche Lufthansa has significant price volatility in the past 3 months.
LHA Share Price and Events
7 Day Returns
-0.3%
XTRA:LHA
-7%
Europe Airlines
-0.6%
DE Market
1 Year Returns
-58.2%
XTRA:LHA
-48.9%
Europe Airlines
-20.9%
DE Market
LHA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Deutsche Lufthansa (LHA) -0.3% -24.6% -43.7% -58.2% -43.3% -33%
Europe Airlines -7% -36.4% -53% -48.9% -50.2% -50.4%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • LHA underperformed the Airlines industry which returned -48.9% over the past year.
  • LHA underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
LHA
Industry
5yr Volatility vs Market

Value

 Is Deutsche Lufthansa undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Deutsche Lufthansa to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Deutsche Lufthansa.

XTRA:LHA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 0.43104257142857
Payout Ratio Company Filings (2019-12-31) 1465.8%
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XTRA:LHA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Airlines Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.809 (1 + (1- 30%) (242.84%))
1.793
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.79
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.793 * 5.44%)
9.37%

Discounted Cash Flow Calculation for XTRA:LHA using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Deutsche Lufthansa is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

XTRA:LHA Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.43 / (9.37% - -0.39%)
€4.42
XTRA:LHA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €4.42
Current discount Discount to share price of €8.65
= -1 x (€8.65 - €4.42) / €4.42
-95.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Deutsche Lufthansa is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Deutsche Lufthansa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Deutsche Lufthansa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:LHA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €2.55
XTRA:LHA Share Price ** XTRA (2020-04-06) in EUR €8.65
Europe Airlines Industry PE Ratio Median Figure of 14 Publicly-Listed Airlines Companies 5.01x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Deutsche Lufthansa.

XTRA:LHA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:LHA Share Price ÷ EPS (both in EUR)

= 8.65 ÷ 2.55

3.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deutsche Lufthansa is good value based on earnings compared to the Europe Airlines industry average.
  • Deutsche Lufthansa is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Deutsche Lufthansa's expected growth come at a high price?
Raw Data
XTRA:LHA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
14%per year
Europe Airlines Industry PEG Ratio Median Figure of 12 Publicly-Listed Airlines Companies 0.24x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

XTRA:LHA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.39x ÷ 14%

0.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deutsche Lufthansa is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Deutsche Lufthansa's assets?
Raw Data
XTRA:LHA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €21.22
XTRA:LHA Share Price * XTRA (2020-04-06) in EUR €8.65
Europe Airlines Industry PB Ratio Median Figure of 19 Publicly-Listed Airlines Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
XTRA:LHA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:LHA Share Price ÷ Book Value per Share (both in EUR)

= 8.65 ÷ 21.22

0.41x

* Primary Listing of Deutsche Lufthansa.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deutsche Lufthansa is good value based on assets compared to the Europe Airlines industry average.
X
Value checks
We assess Deutsche Lufthansa's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Airlines industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Airlines industry average (and greater than 0)? (1 check)
  5. Deutsche Lufthansa has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Deutsche Lufthansa expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Deutsche Lufthansa expected to grow at an attractive rate?
  • Deutsche Lufthansa's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Deutsche Lufthansa's earnings growth is positive but not above the Germany market average.
  • Deutsche Lufthansa's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:LHA Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:LHA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 14%
XTRA:LHA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 0.5%
Europe Airlines Industry Earnings Growth Rate Market Cap Weighted Average 20.1%
Europe Airlines Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XTRA:LHA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:LHA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 34,532 1
2023-12-31 36,419 5,760 2,628 2
2022-12-31 35,096 4,613 1,540 9
2021-12-31 33,578 4,732 1,259 12
2020-12-31 25,468 -434 -1,774 10
2020-04-06
XTRA:LHA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 36,501 4,030 1,213
2019-09-30 36,723 3,720 1,381
2019-06-30 36,505 3,269 1,334
2019-03-31 36,170 3,930 1,860
2018-12-31 35,618 4,109 2,163
2018-09-30 35,787 5,033 2,307
2018-06-30 35,638 5,375 2,381
2018-03-31 35,428 5,457 2,369
2017-12-31 35,651 5,368 2,340
2017-09-30 34,601 4,651 1,778
2017-06-30 33,619 4,279 2,019
2017-03-31 32,657 3,792 1,716

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Deutsche Lufthansa's earnings are expected to grow by 14% yearly, however this is not considered high growth (20% yearly).
  • Deutsche Lufthansa's revenue is expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XTRA:LHA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Deutsche Lufthansa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:LHA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 5.53 5.53 5.53 1.00
2022-12-31 3.34 5.58 1.86 7.00
2021-12-31 2.68 4.64 -2.98 17.00
2020-12-31 -4.09 -0.60 -8.05 9.00
2020-04-06
XTRA:LHA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 2.55
2019-09-30 2.91
2019-06-30 2.81
2019-03-31 3.93
2018-12-31 4.58
2018-09-30 4.89
2018-06-30 5.06
2018-03-31 5.04
2017-12-31 4.98
2017-09-30 3.79
2017-06-30 4.31
2017-03-31 3.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Deutsche Lufthansa is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Deutsche Lufthansa's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Deutsche Lufthansa has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Deutsche Lufthansa performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Deutsche Lufthansa's growth in the last year to its industry (Airlines).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Deutsche Lufthansa's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Deutsche Lufthansa's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Deutsche Lufthansa's 1-year earnings growth is negative, it can't be compared to the Europe Airlines industry average.
Earnings and Revenue History
Deutsche Lufthansa's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Deutsche Lufthansa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:LHA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 36,501.00 1,213.00 384.00
2019-09-30 36,723.00 1,381.00 439.00
2019-06-30 36,505.00 1,334.00 439.00
2019-03-31 36,170.00 1,860.00 439.00
2018-12-31 35,618.00 2,163.00 439.00
2018-09-30 35,787.00 2,307.00 400.00
2018-06-30 35,638.00 2,381.00 400.00
2018-03-31 35,428.00 2,369.00 400.00
2017-12-31 35,651.00 2,340.00 400.00
2017-09-30 34,601.00 1,778.00 387.00
2017-06-30 33,619.00 2,019.00 387.00
2017-03-31 32,657.00 1,716.00 387.00
2016-12-31 31,710.00 1,776.00 387.00
2016-09-30 31,628.00 1,801.00 358.00
2016-06-30 31,739.00 1,173.00 358.00
2016-03-31 32,005.00 1,265.00 358.00
2015-12-31 32,062.00 1,698.00 358.00
2015-09-30 31,701.00 1,321.00 333.00
2015-06-30 31,220.00 1,088.00 333.00
2015-03-31 30,532.00 732.00 333.00
2014-12-31 30,021.00 55.00 333.00
2014-09-30 29,905.00 548.00 328.00
2014-06-30 29,750.00 437.00 328.00
2014-03-31 29,882.00 519.00 328.00
2013-12-31 30,048.00 313.00 328.00
2013-09-30 30,107.00 778.00 308.00
2013-06-30 30,116.00 975.00 308.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Deutsche Lufthansa has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Deutsche Lufthansa used its assets less efficiently than the Europe Airlines industry average last year based on Return on Assets.
  • Deutsche Lufthansa's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Deutsche Lufthansa's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Airlines industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Deutsche Lufthansa has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Deutsche Lufthansa's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Deutsche Lufthansa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Deutsche Lufthansa's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Deutsche Lufthansa's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Deutsche Lufthansa's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Deutsche Lufthansa Company Filings, last reported 3 months ago.

XTRA:LHA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 10,256.00 7,175.00 3,385.00
2019-09-30 8,991.00 6,808.00 3,575.00
2019-06-30 9,166.00 6,752.00 3,408.00
2019-03-31 9,742.00 6,194.00 3,320.00
2018-12-31 9,573.00 6,128.00 3,235.00
2018-09-30 11,445.00 6,531.00 4,081.00
2018-06-30 9,826.00 6,632.00 4,104.00
2018-03-31 8,604.00 6,675.00 4,629.00
2017-12-31 9,110.00 6,327.00 3,948.00
2017-09-30 8,572.00 6,938.00 6,460.00
2017-06-30 7,347.00 7,215.00 6,118.00
2017-03-31 6,810.00 7,283.00 5,389.00
2016-12-31 7,149.00 2,847.00 4,026.00
2016-09-30 4,852.00 5,769.00 3,614.00
2016-06-30 3,632.00 6,547.00 4,091.00
2016-03-31 4,819.00 6,080.00 3,387.00
2015-12-31 5,845.00 2,898.00 3,151.00
2015-09-30 6,182.00 6,170.00 3,881.00
2015-06-30 5,783.00 5,846.00 3,483.00
2015-03-31 2,579.00 6,023.00 3,133.00
2014-12-31 4,031.00 2,723.00 2,808.00
2014-09-30 4,719.00 5,907.00 3,645.00
2014-06-30 4,964.00 5,348.00 3,734.00
2014-03-31 5,224.00 5,284.00 3,674.00
2013-12-31 6,108.00 3,122.00 4,830.00
2013-09-30 5,595.00 6,408.00 5,389.00
2013-06-30 5,167.00 6,566.00 5,369.00
  • Deutsche Lufthansa's level of debt (70%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (67.8% vs 70% today).
  • Debt is well covered by operating cash flow (56.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Deutsche Lufthansa's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Deutsche Lufthansa has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Deutsche Lufthansa's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Deutsche Lufthansa dividends. Estimated to be 4.98% next year.
If you bought €2,000 of Deutsche Lufthansa shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Deutsche Lufthansa's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Deutsche Lufthansa's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XTRA:LHA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Airlines Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 6.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:LHA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.64 6.00
2021-12-31 0.61 18.00
2020-12-31 0.03 11.00
2020-04-06
XTRA:LHA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-19 0.000 0.000
2019-03-14 0.800 5.167
2018-03-23 0.800 3.656
2017-03-16 0.500 2.295
2016-03-18 0.500 4.202
2015-10-29 0.000 0.000
2015-07-30 0.000 0.000
2015-05-05 0.000 0.000
2015-02-20 0.000 0.000
2014-03-13 0.450 3.073
2013-10-31 0.000 0.000
2013-08-02 0.000 0.000
2013-05-02 0.000 0.000
2013-02-19 0.000 0.000
2012-08-03 0.250 2.080
2012-05-09 0.250 2.783
2011-03-17 0.600 5.352
2011-03-16 0.600 4.394
2010-10-28 0.000 0.000
2010-07-29 0.000 0.000
2010-05-05 0.000 0.000
2010-03-02 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Deutsche Lufthansa has not reported any payouts.
  • Unable to verify if Deutsche Lufthansa's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Deutsche Lufthansa's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Deutsche Lufthansa has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.1x coverage).
X
Income/ dividend checks
We assess Deutsche Lufthansa's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Deutsche Lufthansa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Deutsche Lufthansa has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Deutsche Lufthansa's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Carsten Spohr
COMPENSATION €5,812,000
AGE 53
TENURE AS CEO 5.9 years
CEO Bio

Mr. Carsten Spohr has been the Chairman of the Executive Board and Chief Executive Officer of Deutsche Lufthansa Aktiengesellschaft since May 1, 2014 and has been its Member of Management Board since January 01, 2011. Mr. Spohr serves as the Chief Executive Officer of Lufthansa Passenger Airlines at Deutsche Lufthansa AG. Mr. Spohr served as an Interim Chief Financial Officer of Deutsche Lufthansa Aktiengesellschaft since August 31, 2016 until January 1, 2017. Mr. Spohr served as the Head of Passenger Business at Deutsche Lufthansa Aktiengesellschaft. He served as the Chief Executive Officer and Chairman of the Management Board at Lufthansa Cargo AG from January 15, 2007 to December 31, 2010 and its Member of the Management Board until December 31, 2010. He served as the Chief Executive Officer and Executive Board at Lufthansa German Airlines from January 2011 to May 1, 2014. Mr. Spohr served as an Executive Vice President Services and Human Resources on the Board of Lufthansa Passenger Airlines. He also served as Head of Services and Human Resources and Member of Executive Board at Lufthansa German Airlines at Deutsche Lufthansa Aktiengesellschaft until January 14, 2007. From 1995 to 1998, Mr. Spohr served as Personal Assistant to the then Chief Executive Officer and Chairman of Lufthansa, Jürgen Weber, prior to assuming responsibility in August 1998 for Lufthansa’s Partnerships in Europe as Head of Regional Partner Management. He has been with the Lufthansa Group since 1994. Since February 2000, Mr. Spohr served as Vice President of Alliance with the responsibility for managing and coordinating Lufthansa cooperation Partners worldwide, including the Star Alliance and regional Partners. In July 2003, he assumed responsibility for Lufthansa passenger business strategy and airline holdings. In October 2004, he served to the Management Board of Lufthansa Passenger Airlines, where he was responsible for cabin crews, hub management and human resources at Lufthansa Passenger Airlines. He serves as the Chairman of Supervisory Board of Lufthansa Technik AG. Mr. Spohr serves as the Chairman at Lufthansa German Airlines since January 1, 2011. He serves as Member of Supervisory Board of SN Airholding SA / NV, Belgium. He was Independent Member of the Supervisory Board at ThyssenKrupp AG from April 19, 2013 to September 26, 2019. Mr. Spohr serves as a Member of Advisory Board at Dr. August Oetker KG. He served as a Member of the Advisory Council at DFS Deutsche Flugsicherung GmbH. He served as a Member of Economic Advisory Board at Fraport AG. He obtained degree in industrial engineering at Karlsruhe University and qualified on the Lufthansa flight training course with a commercial airline pilot’s license. In 1994, he completed a management training course at Deutsche Aerospace AG, Munich.

CEO Compensation
  • Carsten's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Carsten's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Deutsche Lufthansa management team in years:

5
Average Tenure
54
Average Age
  • The average tenure for the Deutsche Lufthansa management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Carsten Spohr

TITLE
Chairman of the Executive Board & CEO
COMPENSATION
€6M
AGE
53
TENURE
5.9 yrs

Harry Hohmeister

TITLE
Head of Commercial Passenger Airlines & Member of the Executive Board
COMPENSATION
€3M
AGE
55
TENURE
6.8 yrs

Detlef Kayser

TITLE
Chief Officer Airline of Resources & Operations Standards and Member of the Executive Board
COMPENSATION
€3M
AGE
54
TENURE
1.3 yrs

Thorsten Dirks

TITLE
Member of the Executive Board & Chief Officer of IT
COMPENSATION
€3M
AGE
56
TENURE
3.3 yrs

Michael Niggemann

TITLE
Chief Officer of Corporate Human Ressources & Legal Affairs and Member of the Executive Board

Christina Foerster

TITLE
Member of the Executive Board
AGE
48
TENURE
0.3 yrs

Roland Schtz

TITLE
Chief Information Officer
AGE
50
TENURE
4.2 yrs

Dennis Weber

TITLE
Head of Investor Relations

Uwe Mueller

TITLE
Head of Sales - Germany
TENURE
9 yrs

Reiner Siebert

TITLE
Head of Insurance
AGE
62
TENURE
12.5 yrs
Board of Directors Tenure

Average tenure and age of the Deutsche Lufthansa board of directors in years:

6.9
Average Tenure
61.5
Average Age
  • The tenure for the Deutsche Lufthansa board of directors is about average.
Board of Directors

Karl-Ludwig Kley

TITLE
Chairman of Supervisory Board
COMPENSATION
€300K
AGE
68
TENURE
2.6 yrs

Christine Behle

TITLE
Deputy Chairwoman of the Supervisory Board
COMPENSATION
€140K
AGE
51
TENURE
6.9 yrs

Jürgen Weber

TITLE
Honorary Chairman of the Supervisory Board
AGE
78
TENURE
6.9 yrs

Stephan Sturm

TITLE
Member of Supervisory Board
COMPENSATION
€140K
AGE
56
TENURE
5 yrs

Jörg Cebulla

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€110K
AGE
53
TENURE
4.4 yrs

Matthias Wissmann

TITLE
Member of Supervisory Board
COMPENSATION
€80K
AGE
70
TENURE
11.7 yrs

Martin Koehler

TITLE
Member of Supervisory Board
COMPENSATION
€100K
AGE
62
TENURE
10.1 yrs

Herbert Hainer

TITLE
Member of Supervisory Board
COMPENSATION
€120K
AGE
65
TENURE
10 yrs

Christina Weber

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€110K
AGE
61
TENURE
6.9 yrs

Monika Ribar

TITLE
Member of Supervisory Board
COMPENSATION
€110K
AGE
60
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Deutsche Lufthansa's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Deutsche Lufthansa has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is There An Opportunity With Deutsche Lufthansa AG's (ETR:LHA) 23% Undervaluation?

Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (€, Millions) €656.0m €978.0m €929.3m €865.0m €822.1m €794.2m €775.8m €763.8m €756.1m €751.2m Growth Rate Estimate Source Analyst x11 Analyst x9 Analyst x3 Analyst x2 Est @ -4.95% Est @ -3.4% Est @ -2.31% Est @ -1.55% Est @ -1.02% Est @ -0.64% Present Value (€, Millions) Discounted @ 9.02% €601.7 €822.9 €717.3 €612.4 €533.9 €473.1 €423.9 €382.8 €347.6 €316.8 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= €5.2b The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €751m × (1 + 0.2%) ÷ (9% – 0.2%) = €8.6b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€8.6b ÷ ( 1 + 9%)10 = €3.61b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €8.84b. … XTRA:LHA Intrinsic value, August 10th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Company Info

Description

Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. The company’s Network Airlines segment offers passenger services through a route network of 273 destinations in 86 countries. Its Eurowings segment provides passenger services through a route network of 192 destinations in 60 countries. The company’s Logistics Business segment offers transport services for various cargoes, including living animals, valuable cargo, post and dangerous goods, and temperature-sensitive goods serving approximately 300 destinations in 100 countries. Its Maintenance, Repair and Overhaul Services (MRO) segment provides maintenance, repair, and overhaul services for civilian commercial aircraft serving original equipment manufacturers and aircraft leasing companies, operators of VIP jets, and airlines, as well as develops and manufactures cabin and digital products. The company’s Catering Business segment engages in-flight sales and entertainment, in-flight service equipment, and the associated logistics services, as well as consulting services; and operates airport lounges. As of December 31, 2019, it had a fleet of 763 aircraft. Deutsche Lufthansa AG is headquartered in Cologne, Germany.

Details
Name: Deutsche Lufthansa AG
LHA
Exchange: XTRA
Founded:
€4,137,336,711
478,194,257
Website: http://www.lufthansagroup.com
Address: Deutsche Lufthansa AG
Venloer Strasse 151-153,
Cologne,
North Rhine-Westphalia, 50672,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA LHA Registered Shares XETRA Trading Platform DE EUR 08. Sep 1997
OTCPK DLAK.F Registered Shares Pink Sheets LLC US USD 08. Sep 1997
DB LHA Registered Shares Deutsche Boerse AG DE EUR 08. Sep 1997
LSE 0H4A Registered Shares London Stock Exchange GB EUR 08. Sep 1997
SWX LHA Registered Shares SIX Swiss Exchange CH CHF 08. Sep 1997
BIT LHA Registered Shares Borsa Italiana IT EUR 08. Sep 1997
WBAG LHA Registered Shares Wiener Boerse AG AT EUR 08. Sep 1997
BUSE LUFTHANSA Registered Shares Budapest Stock Exchange HU HUF 08. Sep 1997
BATS-CHIXE LHAD Registered Shares BATS 'Chi-X Europe' GB EUR 08. Sep 1997
OTCPK DLAK.Y ADR EACH REPR 1 ORD NPV LVL1 (BNY) Pink Sheets LLC US USD 06. Jan 1975
DB LHAB ADR EACH REPR 1 ORD NPV LVL1 (BNY) Deutsche Boerse AG DE EUR 06. Jan 1975
Number of employees
Current staff
Staff numbers
118,292
Deutsche Lufthansa employees.
Industry
Airlines
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 21:52
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.