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Deutsche Lufthansa

  LHA GR

Airlines, Engineering & R&D Services,...
 /  Germany 
Logistics is driving profitability
Updates
02/09/2010Other news/commentsIn the context of reducing the federal b...
05/08/2010EPS change
29/07/2010Earnings/sales releasesLufthansa’s total load factor increased...
08/06/2010Other news/commentsThe German government intends to in...
05/05/2010Earnings/sales releasesAlthough the carrier’s number of pass...
03/03/2010Earnings/sales releasesLufthansa reported an operating profit...
15/02/2010Other news/commentsSAS, Lufthansa's Scandinavian STAR...
20/01/2010Other news/commentsIn order to reduce costs and capacity f...
30/11/2009Other news/commentsIn order to improve profitability the airli...
Summary Key Data
  12/08A
12/09A
12/10E
12/11E
12/12E
AlphaValue P/E (x) 11.6 -20.5
Dividend yield (%) 4.83 0.00
EV/EBITDA (x) 5.31 8.28
AlphaValue EPS (€) 1.25 -0.49
Dividend (€) 0.70 0.00
Sales (€M) 24,870 22,283
EBITDA (€M) 2,208 1,311
Attributable net profit (€M) 599 -112
ROE (after tax) (%) 8.74 -1.73
ROCE (%) 7.22 2.14
Gearing (%) 0.70 21.9
Next Div. Indic € 0.00 payment
Target
Price (€) 12.9
Market Cap (€M) 5,910
Perf. 1W: 0.90 %
Perf. 1M: -0.65 %
Perf. 3M: 22.7 %
Perf Ytd: 8.72 %
Rating
  • Strong momentum corresponding to a continuous and overall positive moving average trend confirmed by volumes
  • Relatively good momentum corresponding to a positively-oriented moving average, but offset by an overbought pattern or lack of confirmation from volumes
  • Relatively unfavorable momentum with a neutral or negative moving average trend, but offset by an oversold pattern or lack of confirmation from volumes
  • Strongly negative momentum corresponding to a continuous and overall negative moving average trend confirmed by volumes
VALUE
RISK
GOVERNANCE
RANKING
Best
Worst
Businesses & Trends
Through its cooperation with STAR ALLIANCE, Lufthansa can offer its passengers flights all over the world, most of which are oper... Read More
Money Making
Full service airlines such as Lufthansa need to attract as many first and business class travelers to their long-distance flights. In or... Read More
Valuation
In our peer group valuation we are neither deducting a discount (to more profitable budget airlines) nor granting a premium (to hist... Read More
Analyst: Hans-Peter Wodniok
Concepts
Business concepts
  • Structural growth
  • Structural overcapacity
  • CF funded capacity exp...
  • Labour intensive
  • Marginal capacity play
Investment Concepts
  • Acquisition based growth
  • Financial recovery
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