Grenke AG
XETRA:GLJ
Intrinsic Value
GRENKE AG engages in the provision of leasing services. [ Read More ]
The intrinsic value of one GLJ stock under the Base Case scenario is 49.67 EUR. Compared to the current market price of 24.2 EUR, Grenke AG is Undervalued by 51%.
Valuation Backtest
Grenke AG
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Fundamental Analysis
Grenke AG Reports Solid Q3 2023 Performance
2023-Q3 Earnings Call
Despite a challenging macroeconomic environment with the ECB increasing interest rates to 4.5%, Grenke AG navigated the corporate landscape skillfully in Q3 2023, reflecting its resilience and strategic foresight. The company adeptly passed increased refinancing costs onto its leasing contracts, sustaining a healthy CM2 margin of 16.5%. It achieved admirable profit growth, with group earnings escalating by 18%, and leasing new business rising by 4.5% quarter-over-quarter, led by the e-bike sector. The firm's sound management resulted in a low loss rate of 1.1% and an impressive group earnings of EUR 64.4 million. Looking ahead, Grenke AG forecasts leasing new business in the lower half of EUR 2.6 to EUR 2.8 billion, with net earnings predicted in the upper half of EUR 80 million to EUR 90 million range.
Balance Sheet Decomposition
Grenke AG
Current Assets | 3.2B |
Cash & Short-Term Investments | 832.9m |
Receivables | 2.1B |
Other Current Assets | 242.5m |
Non-Current Assets | 3.9B |
Long-Term Investments | 14.7m |
PP&E | 124.4m |
Intangibles | 46.5m |
Other Non-Current Assets | 3.7B |
Current Liabilities | 2B |
Accounts Payable | 41.7m |
Accrued Liabilities | 38.1m |
Other Current Liabilities | 2B |
Non-Current Liabilities | 3.7B |
Long-Term Debt | 3.6B |
Other Non-Current Liabilities | 76.1m |
Earnings Waterfall
Grenke AG
Revenue
|
649.1m
EUR
|
Cost of Revenue
|
-128.9m
EUR
|
Gross Profit
|
520.2m
EUR
|
Operating Expenses
|
-397.2m
EUR
|
Operating Income
|
123m
EUR
|
Other Expenses
|
-39.7m
EUR
|
Net Income
|
83.2m
EUR
|
Free Cash Flow Analysis
Grenke AG
What is Free Cash Flow?
GLJ Profitability Score
Profitability Due Diligence
Grenke AG's profitability score is 53/100. The higher the profitability score, the more profitable the company is.
Score
Grenke AG's profitability score is 53/100. The higher the profitability score, the more profitable the company is.
GLJ Solvency Score
Solvency Due Diligence
Grenke AG's solvency score is 28/100. The higher the solvency score, the more solvent the company is.
Score
Grenke AG's solvency score is 28/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
GLJ Price Targets Summary
Grenke AG
According to Wall Street analysts, the average 1-year price target for GLJ is 30.09 EUR with a low forecast of 20.2 EUR and a high forecast of 40.43 EUR.
Shareholder Return
GLJ Price
Grenke AG
Average Annual Return | -24.24% |
Standard Deviation of Annual Returns | 30.04% |
Max Drawdown | -81% |
Market Capitalization | 1.1B EUR |
Shares Outstanding | 46 495 573 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
GRENKE AG engages in the provision of leasing services. The company is headquartered in Baden-Baden, Baden-Wuerttemberg and currently employs 1,794 full-time employees. The company went IPO on 2000-04-04. The firm divides business activities into three business segments: Leasing, Banking and Factoring. The Leasing segment provides financing to commercial leasing, rental, insurance, service, and maintenance offerings, as well as the disposal of used equipment. The Banking segment comprises the activities of Grenke Bank AG, which is a financing partner particularly to small and medium-sized companies, in addition to the provision of financing in the context of business start-ups, as well as fixed-term deposits with main focus on German customers. The Factoring segment contains the activities of Grenkefactoring GmbH, which performs traditional factoring services, focusing on small-ticket factoring in Germany. The firm operates through various subsidiaries, branch offices and franchises across Europe.
Contact
IPO
Employees
Officers
The intrinsic value of one GLJ stock under the Base Case scenario is 49.67 EUR.
Compared to the current market price of 24.2 EUR, Grenke AG is Undervalued by 51%.