Lufthansa Analysis
Lufthansa
(Financial Analysis)
Business Analysis and Valuation
Arjola Mura
Mirela Baholli
Lora Muco
Kristiana Duri
Fatjon Ceka
Table of content
Introduction.......................................................................................3
Rivalry among existing firms………………………………………4
Substitute products…………………………………………………7
Firm’s competitive strategy………………………………………...9
Accounting poilicy and flexibility.....................................................11
Quality of disclosure..........................................................................13
Identifying red flags...........................................................................14
Financial analysis...............................................................................15
Cas flow analysis................................................................................26
Forecasted income statement............................................................26
Forecasted balance sheet...................................................................27
Forecasted cash flow........................................................................28
WACC..............................................................................................29
Valuation...........................................................................................30
Apendex.............................................................................................31
Introduction
We are going to analyze Lufthansa Airline. It is one of the largest airlines and the flag carrier of Germany. The name comes from Luft-air and Hansa-Hanseatic League, a powerful medieval trading group. It was found on January 6, 1926 by the combination of Deutcher Aero Llyod and Junkers Luftverkehr. The offices are positioned in Deutz, Cologne and main operations are based in Frankfurt. About 2.8 billion euro was announced for the 2010 revenues. The transport volume was about 1.8 million tons of
(Financial Analysis)
Business Analysis and Valuation
Arjola Mura
Mirela Baholli
Lora Muco
Kristiana Duri
Fatjon Ceka
Table of content
Introduction.......................................................................................3
Rivalry among existing firms………………………………………4
Substitute products…………………………………………………7
Firm’s competitive strategy………………………………………...9
Accounting poilicy and flexibility.....................................................11
Quality of disclosure..........................................................................13
Identifying red flags...........................................................................14
Financial analysis...............................................................................15
Cas flow analysis................................................................................26
Forecasted income statement............................................................26
Forecasted balance sheet...................................................................27
Forecasted cash flow........................................................................28
WACC..............................................................................................29
Valuation...........................................................................................30
Apendex.............................................................................................31
Introduction
We are going to analyze Lufthansa Airline. It is one of the largest airlines and the flag carrier of Germany. The name comes from Luft-air and Hansa-Hanseatic League, a powerful medieval trading group. It was found on January 6, 1926 by the combination of Deutcher Aero Llyod and Junkers Luftverkehr. The offices are positioned in Deutz, Cologne and main operations are based in Frankfurt. About 2.8 billion euro was announced for the 2010 revenues. The transport volume was about 1.8 million tons of