(GLJ) Grenke - Overview
Sector: Financial Services | Industry: Credit Services | Exchange: XETRA (Germany) | Market Cap: 558m EUR | Total Return: -4.6% in 12m
Avg Turnover: 1.19M
EPS Trend: -63.8%
Rev. Trend: 99.3%
Qual. Beats: 6
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Grenke AG is a German financial services provider specializing in small-ticket leasing and factoring for small and medium-sized enterprises (SMEs) across Europe. The company focuses on financing high-turnover IT hardware, office communication technology, and medical equipment, while expanding into green economy assets such as photovoltaic systems and e-bikes. Its business model relies on high-volume, standardized processing of low-value lease contracts, a niche that typically allows for higher margins than traditional corporate lending.
Beyond leasing, the firm operates a banking segment providing fixed-term deposits and development loans to self-employed professionals. In the small-ticket leasing sector, risk management is heavily dependent on automated credit scoring and the granular diversification of the lessee portfolio. Detailed financial metrics and historical performance data for GLJ are available on ValueRay for further analysis. Headquartered in Baden-Baden, the company has transitioned from a domestic specialist to an international financier since its founding in 1978.
- SME demand for small-ticket IT leasing drives core revenue growth
- Interest rate volatility impacts net interest margin and refinancing costs
- Credit loss provisions fluctuate based on European SME insolvency rates
- Expansion into green economy assets diversifies the leasing portfolio revenue
- Regulatory compliance and internal audit standards influence investor risk sentiment
| Net Income: 72.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -3.61 > 1.0 |
| NWC/Revenue: 608.3% < 20% (prev 11.45%; Δ 596.8% < -1%) |
| CFO/TA 0.01 > 3% & CFO 62.5m > Net Income 72.5m |
| Net Debt (6.90b) to EBITDA (148.5m): 46.50 < 3 |
| Current Ratio: 3.16 > 1.5 & < 3 |
| Outstanding Shares: last quarter (44.2m) vs 12m ago -0.00% < -2% |
| Gross Margin: 56.81% > 18% (prev 0.48%; Δ 5.63k% > 0.5%) |
| Asset Turnover: 10.61% > 50% (prev 10.21%; Δ 0.40% > 0%) |
| Interest Coverage Ratio: 43.36 > 6 (EBITDA TTM 148.5m / Interest Expense TTM 2.84m) |
| A: 0.61 (Total Current Assets 8.36b - Total Current Liabilities 2.65b) / Total Assets 9.36b |
| B: 0.09 (Retained Earnings 850.2m / Total Assets 9.36b) |
| C: 0.01 (EBIT TTM 123.1m / Avg Total Assets 8.86b) |
| D: 0.11 (Book Value of Equity 910.1m / Total Liabilities 8.14b) |
| Altman-Z'' = 4.51 = AA |
| DSRI: 1.04 (Receivables 11.9m/10.4m, Revenue 939.9m/852.9m) |
| GMI: 0.85 (GM 56.81% / 48.26%) |
| AQI: 0.14 (AQ_t 0.08 / AQ_t-1 0.55) |
| SGI: 1.10 (Revenue 939.9m / 852.9m) |
| TATA: 0.00 (NI 72.5m - CFO 62.5m) / TA 9.36b) |
| Beneish M = -3.56 (Cap -4..+1) = AAA |
As of May 26, 2026, the stock is trading at EUR 12.84 with a total of 44,980 shares traded.
Over the past week, the price has changed by +0.00%,
over one month by -2.02%,
over three months by -9.49% and
over the past year by -4.59%.
Grenke has no consensus analysts rating.
P/E Trailing = 9.7077
P/E Forward = 12.7226
P/S = 0.8246
P/B = 0.4187
P/EG = 0.7485
Revenue TTM = 939.9m EUR
EBIT TTM = 123.1m EUR
EBITDA TTM = 148.5m EUR
Long Term Debt = 4.05b EUR (from longTermDebt, last quarter)
Short Term Debt = 2.66b EUR (from shortTermDebt, last quarter)
Debt = 7.74b EUR (from shortLongTermDebtTotal, last quarter) + Leases 34.2m
Net Debt = 6.90b EUR (calculated: Debt 7.74b - CCE 836.5m)
Enterprise Value = 7.46b EUR (557.5m + Debt 7.74b - CCE 836.5m)
Interest Coverage Ratio = 43.36 (Ebit TTM 123.1m / Interest Expense TTM 2.84m)
EV/FCF = 168.5x (Enterprise Value 7.46b / FCF TTM 44.3m)
FCF Yield = 0.59% (FCF TTM 44.3m / Enterprise Value 7.46b)
FCF Margin = 4.71% (FCF TTM 44.3m / Revenue TTM 939.9m)
Net Margin = 7.71% (Net Income TTM 72.5m / Revenue TTM 939.9m)
Gross Margin = 56.81% ((Revenue TTM 939.9m - Cost of Revenue TTM 406.0m) / Revenue TTM)
Gross Margin QoQ = 64.44% (prev 66.92%)
Tobins Q-Ratio = 0.80 (Enterprise Value 7.46b / Total Assets 9.36b)
Interest Expense / Debt = 0.04% (Interest Expense 2.84m / Debt 7.74b)
Taxrate = 24.77% (5.12m / 20.7m)
NOPAT = 92.6m (EBIT 123.1m * (1 - 24.77%))
Current Ratio = 3.16 (Total Current Assets 8.36b / Total Current Liabilities 2.65b)
Debt / Equity = 6.72 (Debt 7.74b / totalStockholderEquity, last quarter 1.15b)
Debt / EBITDA = 46.50 (Net Debt 6.90b / EBITDA 148.5m)
Debt / FCF = 155.9 (Net Debt 6.90b / FCF TTM 44.3m)
Total Stockholder Equity = 1.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.82% (Net Income 72.5m / Total Assets 9.36b)
RoE = 5.74% (Net Income TTM 72.5m / Total Stockholder Equity 1.26b)
RoCE = 2.32% (EBIT 123.1m / Capital Employed (Equity 1.26b + L.T.Debt 4.05b))
RoIC = 0.99% (NOPAT 92.6m / Invested Capital 9.32b)
WACC = 0.56% (E(557.5m)/V(8.30b) * Re(7.92%) + D(7.74b)/V(8.30b) * Rd(0.04%) * (1-Tc(0.25)))
Discount Rate = 7.92% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -72.55 | Cagr: -2.25%
[DCF] Terminal Value 73.10% ; FCFF base≈162.9m ; Y1≈142.8m ; Y5≈115.4m
[DCF] Fair Price = N/A (negative equity: EV 1.85b - Net Debt 6.90b = -5.05b; debt exceeds intrinsic value)
EPS Correlation: -63.80 | EPS CAGR: -15.92% | SUE: N/A | # QB: 0
Revenue Correlation: 99.29 | Revenue CAGR: 15.70% | SUE: 0.97 | # QB: 6
EPS current Year (2026-12-31): EPS=1.53 | Chg30d=N/A | Revisions=-20% | GrowthEPS=+18.9% | GrowthRev=+29.4%
EPS next Year (2027-12-31): EPS=1.99 | Chg30d=N/A | Revisions=-20% | GrowthEPS=+29.8% | GrowthRev=+8.7%
[Analyst] Revisions Ratio: -20%