GLJ Stock Analysis: Grenke | XETRA
Credit Services | XETRA, Germany | Market Cap: 505m EUR | 12M Return: -20.2% | DE000A161N30 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 596K
EPS Trend: -53.5%
Rev. Trend: 98.9%
Qual. Beats: 7
Warnings
Tailwinds
Seasonality
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: 72.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -6.12 > 1.0 |
| NWC/Revenue: 533.0% < 20% (prev 64.55%; Δ 468.5% < -1%) |
| CFO/TA -0.01 > 3% & CFO -111.1m > Net Income 72.8m |
| Net Debt (6.96b) to EBITDA (131.5m): 52.96 < 3 |
| Current Ratio: 2.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (44.2m) vs 12m ago 0.0% < -2% |
| Gross Margin: 61.08% > 18% (prev 47.76%; Δ 13.32% > 0.5%) |
| Asset Turnover: 10.64% > 50% (prev 9.86%; Δ 0.78% > 0%) |
| Interest Coverage Ratio: 67.78 > 6 (EBIT TTM 105.5m / Interest Expense TTM 1.56m) |
| A: 0.56 (Total Current Assets 8.19b - Total Current Liabilities 3.06b) / Total Assets 9.17b |
| B: 0.09 (Retained Earnings 845.3m / Total Assets 9.17b) |
| C: 0.01 (EBIT TTM 105.5m / Avg Total Assets 9.05b) |
| D: 0.14 (Book Value of Equity 1.15b / Total Liabilities 7.96b) |
| Altman-Z'' = 4.20 = AA |
| DSRI: 1.04 (Receivables 11.7m/10.3m, Revenue 963.0m/880.6m) |
| GMI: 0.78 (GM 47.76% / 61.08%) |
| AQI: 0.15 (AQ_t 0.08 / AQ_t-1 0.55) |
| SGI: 1.09 (Revenue 963.0m / 880.6m) |
| TATA: 0.02 (NI 72.8m - CFO -111.1m) / TA 9.17b) |
| Beneish M = -3.63 (Cap -4..+1) = AAA |
As of November 13, 2026, the stock is trading at EUR 11.44 with a total of 363,697 shares traded. Over the past week, the price has changed by +9.37%, over one month by +14.51%, over three months by -2.89% and over the past year by -20.17%.
Current recommended Stop Loss: 10.80 (which is 5.6% or 2.2 ATR below the current price).
Grenke has no consensus analysts rating.
P/E Trailing = 8.4741
P/E Forward = 12.7226
P/S = 0.7275
P/B = 0.345
P/EG = 0.7485
Revenue TTM = 963.0m EUR
EBIT TTM = 105.5m EUR
EBITDA TTM = 131.5m EUR
Long Term Debt = 3.56b EUR (from longTermDebt, last quarter)
Short Term Debt = 3.07b EUR (from shortTermDebt, last quarter)
Debt = 7.58b EUR (from shortLongTermDebtTotal, last quarter) + Leases 31.8m
Net Debt = 6.96b EUR (calculated: Debt 7.58b - CCE 613.3m)
Enterprise Value = 7.47b EUR (505.4m + Debt 7.58b - CCE 613.3m)
Interest Coverage Ratio = 67.78 (Ebit TTM 105.5m / Interest Expense TTM 1.56m)
EV/FCF = -58.57x (Enterprise Value 7.47b / FCF TTM -127.5m)
FCF Yield = -1.71% (FCF TTM -127.5m / Enterprise Value 7.47b)
FCF Margin = -13.24% (FCF TTM -127.5m / Revenue TTM 963.0m)
Net Margin = 7.56% (Net Income TTM 72.8m / Revenue TTM 963.0m)
Gross Margin = 61.08% ((Revenue TTM 963.0m - Cost of Revenue TTM 374.8m) / Revenue TTM)
Gross Margin QoQ = 64.96% (prev 64.44%)
Tobins Q-Ratio = 0.81 (Enterprise Value 7.47b / Total Assets 9.17b)
Interest Expense / Debt = 0.02% (Interest Expense 1.56m / Debt 7.58b)
Taxrate = 24.91% (26.0m / 104.2m)
NOPAT = 79.2m (EBIT 105.5m * (1 - 24.91%))
Current Ratio = 2.68 (Total Current Assets 8.19b / Total Current Liabilities 3.06b)
Debt / Equity = 6.60 (Debt 7.58b / totalStockholderEquity, last quarter 1.15b)
Debt / EBITDA = 52.96 (Net Debt 6.96b / EBITDA 131.5m)
Debt / FCF = -54.61 (negative FCF - burning cash) (Net Debt 6.96b / FCF TTM -127.5m)
Total Stockholder Equity = 1.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.80% (Net Income 72.8m / Total Assets 9.17b)
RoE = 5.81% (Net Income TTM 72.8m / Total Stockholder Equity 1.25b)
RoCE = 2.19% (EBIT 105.5m / Capital Employed (Equity 1.25b + L.T.Debt 3.56b))
RoIC = 0.87% (NOPAT 79.2m / Invested Capital 9.14b)
WACC = 0.47% (E(505.4m)/V(8.08b) * Re(7.24%) + D(7.58b)/V(8.08b) * Rd(0.02%) * (1-Tc(0.25)))
Discount Rate = 7.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.97 | Cagr: -2.18%
[DCF] Fair Price = unknown (Cash Flow -127.5m)
EPS Correlation: -53.51 | EPS CAGR: -13.41% | SUE: N/A | # QB: 0
Revenue Correlation: 98.92 | Revenue CAGR: 14.97% | SUE: 3.20 | # QB: 7
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=1.37 | Chg30d=+0.00% | Revisions=-29% | GrowthEPS=+6.2% | GrowthRev=+29.9%
EPS next Year (2027-12-31): EPS=1.60 | Chg30d=+0.00% | Revisions=-29% | GrowthEPS=+16.9% | GrowthRev=+6.0%
[Analyst] Revisions Ratio: -36% (up=2, down=6)