Deutsche Lufthansa AG (LHA) - Net Assets

Latest as of September 2025: €11.42 Billion EUR

Based on the latest financial reports, Deutsche Lufthansa AG (LHA) has net assets worth €11.42 Billion EUR as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€48.83 Billion) and total liabilities (€37.41 Billion). 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.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€11.42 Billion
% of Total Assets	23.39%
Annual Growth Rate	5.08%
5-Year Change	736.05%
10-Year Change	98.39%
Growth Volatility	59.38

Deutsche Lufthansa AG - Net Assets Trend (2005–2024)

This chart illustrates how Deutsche Lufthansa AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Deutsche Lufthansa AG (2005–2024)

The table below shows the annual net assets of Deutsche Lufthansa AG from 2005 to 2024.

Year	Net Assets	Change
2024-12-31	€11.60 Billion	+19.41%
2023-12-31	€9.71 Billion	+14.60%
2022-12-31	€8.47 Billion	+88.73%
2021-12-31	€4.49 Billion	+223.72%
2020-12-31	€1.39 Billion	-86.48%
2019-12-31	€10.26 Billion	+7.13%
2018-12-31	€9.57 Billion	-0.26%
2017-12-31	€9.60 Billion	+34.26%
2016-12-31	€7.15 Billion	+22.31%
2015-12-31	€5.84 Billion	+45.00%
2014-12-31	€4.03 Billion	-34.00%
2013-12-31	€6.11 Billion	-26.39%
2012-12-31	€8.30 Billion	+3.16%
2011-12-31	€8.04 Billion	-3.55%
2010-12-31	€8.34 Billion	+34.47%
2009-12-31	€6.20 Billion	-10.36%
2008-12-31	€6.92 Billion	+0.28%
2007-12-31	€6.90 Billion	+40.73%
2006-12-31	€4.90 Billion	+8.43%
2005-12-31	€4.52 Billion	--

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 218.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	€5.48 Billion	47.45%
Common Stock	€3.07 Billion	26.58%
Other Comprehensive Income	€2.73 Billion	23.67%
Other Components	€265.00 Million	2.30%
Total Equity	€11.54 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
China Aerospace Times Electronics Co Ltd SHG:600879	$11.31 Billion
Erie Indemnity Company NASDAQ:ERIE	$11.31 Billion
Osaka Gas Co. Ltd F:OSA	$11.31 Billion
Hero MotoCorp Limited NSE:HEROMOTOCO	$11.32 Billion
360 Security Technology Inc SHG:601360	$11.30 Billion
Daiwa Securities Group Inc F:DSE	$11.28 Billion
China Southern Airlines Co Ltd Class A SHG:600029	$11.26 Billion
Vodafone Idea Limited NSE:IDEA	$11.26 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 2023 to 2024, total equity changed from 9,659,000,000 to 11,542,000,000, a change of 1,883,000,000 (19.5%).
Net income of 1,380,000,000 contributed positively to equity growth.
Dividend payments of 372,000,000 reduced retained earnings.
Other comprehensive income increased equity by 581,000,000.
Other factors increased equity by 294,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€1.38 Billion	+11.96%
Dividends Paid	€372.00 Million	-3.22%
Other Comprehensive Income	€581.00 Million	+5.03%
Other Changes	€294.00 Million	+2.55%
Total Change	€-	19.49%

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: 0.84x
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 decreased from 1.80x to 0.84x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	€4.49	€8.07	x
2006-12-31	€5.12	€8.07	x
2007-12-31	€7.58	€8.07	x
2008-12-31	€7.59	€8.07	x
2009-12-31	€6.75	€8.07	x
2010-12-31	€9.17	€8.07	x
2011-12-31	€8.84	€8.07	x
2012-12-31	€9.16	€8.07	x
2013-12-31	€6.71	€8.07	x
2014-12-31	€4.38	€8.07	x
2015-12-31	€6.35	€8.07	x
2016-12-31	€7.72	€8.07	x
2017-12-31	€10.30	€8.07	x
2018-12-31	€10.21	€8.07	x
2019-12-31	€10.87	€8.07	x
2020-12-31	€1.28	€8.07	x
2021-12-31	€4.30	€8.07	x
2022-12-31	€7.03	€8.07	x
2023-12-31	€8.08	€8.07	x
2024-12-31	€9.65	€8.07	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): 11.96%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.67%
• Asset Turnover: 0.78x
• Equity Multiplier: 4.17x
Recent ROE (11.96%) is above the historical average (-15.23%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	10.46%	2.51%	0.94x	4.45x	€19.80 Million
2006	17.37%	4.05%	1.02x	4.21x	€340.70 Million
2007	24.18%	7.38%	1.00x	3.26x	€970.50 Million
2008	8.74%	2.41%	1.11x	3.27x	€-86.60 Million
2009	-1.84%	-0.50%	0.84x	4.33x	€-721.40 Million
2010	13.72%	4.14%	0.93x	3.56x	€306.80 Million
2011	-0.16%	-0.05%	1.02x	3.53x	€-807.90 Million
2012	12.02%	3.29%	1.06x	3.45x	€166.20 Million
2013	5.17%	1.04%	1.03x	4.80x	€-292.60 Million
2014	1.39%	0.18%	0.98x	7.68x	€-341.80 Million
2015	29.44%	5.30%	0.99x	5.63x	€1.12 Billion
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	-49.28%	-13.05%	0.40x	9.56x	€-2.64 Billion
2022	9.41%	2.56%	0.71x	5.16x	€-49.50 Million
2023	17.32%	4.72%	0.77x	4.78x	€707.10 Million
2024	11.96%	3.67%	0.78x	4.17x	€225.80 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: $132,900,092,647
Average return on equity (ROE) among peers: -85.27%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Deutsche Lufthansa AG (LHA)	€11.42 Billion	10.46%	3.28x	$11.31 Billion
Enter Air Sp. z o.o (10N)	$89.05 Million	-131.52%	18.62x	$265.41 Million
Asia Aviation Public Company Limited (55AA)	$17.36 Billion	-27.44%	2.92x	$459.94 Million
Air Astana Joint Stock Company (7YH)	$394.53 Million	13.38%	3.60x	$453.66 Million
Air China Limited (AD2)	$40.95 Billion	-0.58%	7.44x	$3.13 Billion
ANA Holdings Inc (ANCA)	$870.39 Billion	10.28%	2.87x	$7.99 Billion
EZ70 (EZ70)	$4.25 Million	-466.78%	8.20x	$29.95 Million
M2A0 (M2A0)	$1.12 Billion	5.79%	1.48x	$746.65 Million

About Deutsche Lufthansa AG

XETRA:LHA Germany Airlines

Market Cap

$11.31 Billion

€9.67 Billion EUR

Market Cap Rank

#1843 Global

#298 in Germany

Share Price

€8.07

Change (1 day)

+6.86%

52-Week Range

€6.16 - €9.50

All Time High

€19.95