GRENKE AG (DE:GLJ)
XETRA:GLJ
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GRENKE AG
(XETRA:GLJ)
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Rating:54Neutral
Price Target:
€13.00
▼(-5.11% Downside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weakened financial quality—especially the sharp rise in leverage and volatile cash-flow conversion—despite continued profitability. Technicals are mixed with the stock still below longer-term moving averages and a negative MACD. Valuation is the main support, with a low P/E and a solid dividend yield.
Positive Factors
Recurring leasing model
Recurring leasing contracts generate predictable, multi-year cash streams and let GRENKE earn the spread between funding costs and lease yields. This business model provides durable revenue visibility, supports scale through distribution partners, and underpins long-term earnings generation.
Negative Factors
Very high leverage
Debt at roughly 6.7x equity materially increases financial risk and reduces strategic flexibility. Elevated leverage heightens sensitivity to interest-rate moves and refinancing cycles, magnifies losses in credit stress, and constrains the firm's ability to invest, deleverage, or withstand funding shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring leasing model
Recurring leasing contracts generate predictable, multi-year cash streams and let GRENKE earn the spread between funding costs and lease yields. This business model provides durable revenue visibility, supports scale through distribution partners, and underpins long-term earnings generation.
Read all positive factors
GRENKE AG (GLJ) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€586.77M
Dividend Yield2.63%
Average Volume (3M)67.56K
Price to Earnings (P/E)9.9
Beta (1Y)1.10
Revenue Growth14.40%
EPS Growth10.33%
CountryDE
Employees2,196
SectorGeneral
Sector StrengthN/A
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)1.62
Shares Outstanding46,495,570
10 Day Avg. Volume61,687
30 Day Avg. Volume67,556
Financial Highlights & Ratios
PEG Ratio-0.95
Price to Book (P/B)0.60
Price to Sales (P/S)0.77
P/FCF Ratio-2.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€20.80Price Target Upside51.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)1.49
Revenue Forecast (FY)€732.34M
GRENKE AG Business Overview & Revenue Model
Company Description
Grenke AG, together with its subsidiaries, provides a range of banking and financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Fac...
How the Company Makes Money
GRENKE AG primarily makes money by originating and managing lease contracts and earning income over the life of those contracts. Key revenue and earnings drivers typically include: (1) Leasing income and interest-like earnings: GRENKE purchases eq...
GRENKE AG Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
38
Negative
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 939.88M | 901.99M | 819.15M | 687.14M | 614.02M | 608.60M |
| Gross Profit | 533.92M | 589.10M | 396.86M | 372.43M | 384.42M | 414.83M |
| EBITDA | 148.48M | 119.70M | 153.51M | 135.65M | 146.31M | 165.66M |
| Net Income | 72.49M | 69.76M | 75.94M | 92.32M | 90.38M | 99.54M |
Balance Sheet | ||||||
| Total Assets | 9.36B | 9.09B | 8.22B | 7.10B | 6.41B | 6.66B |
| Cash, Cash Equivalents and Short-Term Investments | 836.47M | 693.47M | 975.46M | 697.81M | 449.46M | 853.37M |
| Total Debt | 7.71B | 7.52B | 4.32B | 3.84B | 3.68B | 3.71B |
| Total Liabilities | 8.14B | 7.87B | 6.90B | 5.74B | 5.08B | 5.39B |
| Stockholders Equity | 1.15B | 1.15B | 1.34B | 1.37B | 1.36B | 1.30B |
Cash Flow | ||||||
| Free Cash Flow | 44.30M | -257.06M | 385.39M | 322.22M | -355.05M | -79.17M |
| Operating Cash Flow | 62.48M | -238.26M | 393.96M | 329.25M | -346.84M | -72.04M |
| Investing Cash Flow | -28.47M | -29.12M | -12.08M | -33.34M | -8.25M | 20.64M |
| Financing Cash Flow | -149.59M | -32.77M | -105.51M | -47.30M | -49.92M | -39.01M |
GRENKE AG Technical Analysis
Positive
13.70
Price Trends
12.58
Positive
13.49
Negative
14.42
Negative
Market Momentum
<0.01
Negative
53.16
Neutral
59.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:GLJ, the sentiment is Positive. The current price of 13.7 is above the 20-day moving average (MA) of 12.63, above the 50-day MA of 12.58, and below the 200-day MA of 14.42, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.16 is Neutral, neither overbought nor oversold. The STOCH value of 59.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:GLJ.
GRENKE AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €191.75M | 7.35 | 15.86% | 5.53% | 0.49% | 38.41% | |
61 Neutral | €687.84M | 8.04 | 39.55% | 6.77% | 14.56% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €586.77M | 9.89 | 5.74% | 2.63% | 14.40% | 10.33% | |
54 Neutral | €60.20M | 10.36 | 10.77% | 3.06% | -4.39% | -36.21% | |
42 Neutral | €472.82M | -2.00 | -10.36% | 3.61% | -25.75% | -496.17% |
* General Sector Average
DE:GLJ
GRENKE AG
12.84
-0.29
-2.20%
DE:ALG
ALBIS Leasing
2.84
0.19
7.05%
DE:PBB
Deutsche Pfandbriefbank
3.46
-1.97
-36.29%
DE:MPCK
MPC Munchmeyer Petersen Capital AG
5.38
0.24
4.67%
DE:MUX
Mutares SE & Co. KGaA
27.30
-4.00
-12.79%
DE:BFV
Berliner Effektengesellschaft AG
74.00
7.49
11.25%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.