Deutsche Lufthansa AG (LHAB) - Net Assets
Based on the latest financial reports, Deutsche Lufthansa AG (LHAB) has net assets worth €11.71 Billion EUR (≈ $13.69 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€48.39 Billion ≈ $56.58 Billion USD) and total liabilities (€36.68 Billion ≈ $42.89 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Deutsche Lufthansa AG (LHAB) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €11.71 Billion |
| % of Total Assets | 24.2% |
| Annual Growth Rate | 5.64% |
| 5-Year Change | 160.82% |
| 10-Year Change | N/A |
| Growth Volatility | 79.64 |
Deutsche Lufthansa AG - Net Assets Trend (2016–2025)
This chart illustrates how Deutsche Lufthansa AG's net assets have evolved over time, based on quarterly financial data. See Deutsche Lufthansa AG defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Deutsche Lufthansa AG (2016–2025)
The table below shows the annual net assets of Deutsche Lufthansa AG from 2016 to 2025. For live valuation and market cap data, see Deutsche Lufthansa AG stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €11.71 Billion ≈ $13.69 Billion |
+1.01% |
| 2024-12-31 | €11.59 Billion ≈ $13.55 Billion |
+19.41% |
| 2023-12-31 | €9.71 Billion ≈ $11.35 Billion |
+14.57% |
| 2022-12-31 | €8.47 Billion ≈ $9.91 Billion |
+88.73% |
| 2021-12-31 | €4.49 Billion ≈ $5.25 Billion |
+223.72% |
| 2020-12-31 | €1.39 Billion ≈ $1.62 Billion |
-86.48% |
| 2019-12-31 | €10.26 Billion ≈ $11.99 Billion |
+7.13% |
| 2018-12-31 | €9.57 Billion ≈ $11.19 Billion |
-0.26% |
| 2017-12-31 | €9.60 Billion ≈ $11.22 Billion |
+34.26% |
| 2016-12-31 | €7.15 Billion ≈ $8.36 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Deutsche Lufthansa AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 97.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.55 Billion | 56.25% |
| Other Components | €5.10 Billion | 43.75% |
| Total Equity | €11.65 Billion | 100.00% |
Deutsche Lufthansa AG Competitors by Market Cap
The table below lists competitors of Deutsche Lufthansa AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prada S.p.A.
F:PRP
|
$10.08 Billion |
|
Shenzhen Envicool Technology Co Ltd
SHE:002837
|
$10.09 Billion |
|
LPP S.A.
WAR:LPP
|
$10.09 Billion |
|
JD LOGISTICS DL-000025
F:822
|
$10.10 Billion |
|
Gartner Inc
NYSE:IT
|
$10.06 Billion |
|
Federal Realty Investment Trust
NYSE:FRT
|
$10.05 Billion |
|
Hecla Mining Company
NYSE:HL
|
$10.05 Billion |
|
CSPC Pharmaceutical Group Limited
F:CVG
|
$10.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Deutsche Lufthansa AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,542,000,000 to 11,649,000,000, a change of 107,000,000 (0.9%).
- Net income of 1,339,000,000 contributed positively to equity growth.
- Dividend payments of 368,000,000 reduced retained earnings.
- Other factors decreased equity by 864,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.34 Billion | +11.49% |
| Dividends Paid | €368.00 Million | -3.16% |
| Other Changes | €-864.00 Million | -7.42% |
| Total Change | €- | 0.93% |
Book Value vs Market Value Analysis
This analysis compares Deutsche Lufthansa AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.43x to 0.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €20.15 | €8.65 | x |
| 2018-12-31 | €19.91 | €8.65 | x |
| 2019-12-31 | €21.22 | €8.65 | x |
| 2020-12-31 | €2.25 | €8.65 | x |
| 2021-12-31 | €3.72 | €8.65 | x |
| 2022-12-31 | €7.03 | €8.65 | x |
| 2023-12-31 | €8.07 | €8.65 | x |
| 2024-12-31 | €9.63 | €8.65 | x |
| 2025-12-31 | €9.71 | €8.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Deutsche Lufthansa AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.38%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 4.15x
- Recent ROE (11.49%) is above the historical average (-41.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 25.16% | 5.61% | 0.91x | 4.91x | €1.07 Billion |
| 2017 | 24.90% | 6.64% | 0.98x | 3.82x | €1.41 Billion |
| 2018 | 22.86% | 6.03% | 0.94x | 4.04x | €1.22 Billion |
| 2019 | 11.95% | 3.33% | 0.85x | 4.20x | €198.30 Million |
| 2020 | -499.26% | -49.49% | 0.34x | 29.31x | €-6.86 Billion |
| 2021 | -49.24% | -13.03% | 0.40x | 9.56x | €-2.64 Billion |
| 2022 | 9.41% | 2.41% | 0.76x | 5.16x | €-49.50 Million |
| 2023 | 17.32% | 4.72% | 0.78x | 4.69x | €707.10 Million |
| 2024 | 11.96% | 3.67% | 0.80x | 4.08x | €225.80 Million |
| 2025 | 11.49% | 3.38% | 0.82x | 4.15x | €174.10 Million |
Industry Comparison
This section compares Deutsche Lufthansa AG's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $27,875,957,933
- Average return on equity (ROE) among peers: 8.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Deutsche Lufthansa AG (LHAB) | €11.71 Billion | 25.16% | 3.13x | $10.07 Billion |
| Controladora Vuela Compañía de Aviación S.A.B. de C.V (2CDA) | $365.00 Million | 34.62% | 14.62x | $741.53 Million |
| Asia Aviation Public Company Limited (55AA) | $27.69 Billion | -1.71% | 1.27x | $327.67 Million |
| Bangkok Airways Public Company Limited (8BA) | $31.99 Billion | 5.53% | 0.88x | $4.81K |
| Air China Limited (AD2) | $66.60 Billion | 10.17% | 2.21x | $3.09 Billion |
| AIR CHINA LTD H ADR/20 (AD2B) | $35.29 Billion | -2.97% | 8.50x | $3.01 Billion |
| Copa Holdings S.A (C2H) | $1.59 Billion | -14.17% | 1.34x | $4.11 Billion |
| China Eastern Airlines Corporation Limited (CIAH) | $59.15 Billion | -20.01% | 3.81x | $2.33 Billion |
| CATHAY PAC.AIRW.HD-20ADR5 (CTYA) | $52.51 Billion | 18.83% | 2.26x | $8.96 Billion |
| EASYJET PLC SP.ADR NEW/4 (EJTS) | $2.79 Billion | 11.63% | 2.53x | $3.49 Billion |
| AIR FRANCE-KLM ADR EO 85 (FQZ) | $799.00 Million | 39.67% | 44.25x | $2.84 Billion |
About Deutsche Lufthansa AG
Deutsche Lufthansa AG operates as an aviation company in Europe, North America, Central and South America, Aisa/Pacific, the Middle East, and Africa. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, a… Read more