First Time Loading...

Grenke AG
XETRA:GLJ

Watchlist Manager
Grenke AG Logo
Grenke AG
XETRA:GLJ
Watchlist
Price: 24.2 EUR -2.42%
Updated: Mar 29, 2024

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%.

Key Points:
GLJ Intrinsic Value
Base Case
49.67 EUR
Undervaluation 51%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Grenke AG

Backtest GLJ Intrinsic Value
Dive into the past to invest in the future

Run backtest to discover the historical profit from buying and selling GLJ stocks based on their intrinsic value.

Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

Run Backtest
Settings
Valuation Methods
Buy/Sell Thresholds
Buy When:
%
Sell When:
%
B
S
Run Backtest
How does it work?

Fundamental Analysis

Grenke AG Reports Solid Q3 2023 Performance
2023-Q3 Earnings Call

Grenke AG Reports Solid Q3 2023 Performance

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

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.

53/100
Profitability
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.

Short-Term Solvency
Long-Term Solvency
High D/E
Positive Net Debt
28/100
Solvency
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

Wall Street analysts forecast GLJ stock price to rise over the next 12 months.

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.

Lowest
Price Target
20.2 EUR
17% Downside
Average
Price Target
30.09 EUR
24% Upside
Highest
Price Target
40.43 EUR
67% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

GLJ Price
Grenke AG

1M 1M
+7%
6M 6M
+17%
1Y 1Y
+2%
3Y 3Y
-24%
5Y 5Y
-70%
10Y 10Y
+3%
Annual Price Range
24.2
52w Low
19.28
52w High
31.9491
Price Metrics
Average Annual Return -24.24%
Standard Deviation of Annual Returns 30.04%
Max Drawdown -81%
Shares Statistics
Market Capitalization 1.1B EUR
Shares Outstanding 46 495 573
Percentage of Shares Shorted
N/A

GLJ Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Grenke AG Logo
Grenke AG

Country

Germany

Industry

Financial Services

Market Cap

1.1B EUR

Dividend Yield

1.9%

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

BADEN-WUERTTEMBERG
Baden-Baden
Neuer Markt 2
+49722150070.0
https://www.grenke.com/

IPO

2000-04-04

Employees

1 794

Officers

Chairman of the Management Board, CEO & CFO
Dr. Sebastian Hirsch B.A.
Chief Sales & Marketing Officer and Member of the Management Board
Mr. Gilles Christ M.B.A.
Chief Risk Officer & Member of Management Board
Ms. Isabel Rosler
Director of Investor Relations
Ms. Anke Linnartz

See Also

Discover More
What is the Intrinsic Value of one GLJ stock?

The intrinsic value of one GLJ stock under the Base Case scenario is 49.67 EUR.

Is GLJ stock undervalued or overvalued?

Compared to the current market price of 24.2 EUR, Grenke AG is Undervalued by 51%.