GRENKE AG (DE:GLJ)
XETRA:GLJ
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GRENKE AG
(XETRA:GLJ)
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Rating:49Neutral
Price Target:
€13.00
▼(-0.46% Downside)
Action:ReiteratedDate:03/14/26
The score is held down primarily by deteriorating financial performance (higher leverage, weaker equity position, and a sharp negative turn in operating/free cash flow), reinforced by bearish technical signals (below key moving averages with negative MACD). Valuation is the main support due to the low P/E and a ~3% dividend yield.
Positive Factors
Recurring leasing model & distribution
GRENKE’s core business of originating and managing lease contracts generates contractual, recurring payments and fee income. Combined with vendor/dealer distribution channels, this creates durable revenue visibility and scalable origination capacity that supports steady cash flow over lease lives.
Negative Factors
Rising leverage and weakened equity
A marked increase in debt alongside lower equity materially raises balance-sheet risk. Higher leverage tightens refinancing windows, increases interest-sensitivity and covenant risk, and reduces strategic flexibility, amplifying exposure if earnings or funding conditions worsen.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring leasing model & distribution
GRENKE’s core business of originating and managing lease contracts generates contractual, recurring payments and fee income. Combined with vendor/dealer distribution channels, this creates durable revenue visibility and scalable origination capacity that supports steady cash flow over lease lives.
Read all positive factors
GRENKE AG (GLJ) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€607.23M
Dividend Yield2.63%
Average Volume (3M)67.56K
Price to Earnings (P/E)9.9
Beta (1Y)1.11
Revenue Growth16.74%
EPS Growth-22.66%
CountryDE
Employees2,196
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.48
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 Upside59.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)1.57
Revenue Forecast (FY)€734.06M
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
58
Neutral
Balance Sheet
43
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 901.99M | 819.15M | 687.14M | 614.02M | 608.60M |
| Gross Profit | 589.10M | 396.86M | 372.43M | 384.42M | 414.83M |
| EBITDA | 119.70M | 153.51M | 135.65M | 146.31M | 165.66M |
| Net Income | 69.76M | 75.94M | 92.32M | 90.38M | 99.54M |
Balance Sheet | |||||
| Total Assets | 9.09B | 8.22B | 7.10B | 6.41B | 6.66B |
| Cash, Cash Equivalents and Short-Term Investments | 693.47M | 975.46M | 697.81M | 449.46M | 853.37M |
| Total Debt | 7.52B | 4.32B | 3.84B | 3.68B | 3.71B |
| Total Liabilities | 7.87B | 6.90B | 5.74B | 5.08B | 5.39B |
| Stockholders Equity | 1.15B | 1.34B | 1.37B | 1.36B | 1.30B |
Cash Flow | |||||
| Free Cash Flow | -257.06M | 385.39M | 322.22M | -355.05M | -79.17M |
| Operating Cash Flow | -238.26M | 393.96M | 329.25M | -346.84M | -72.04M |
| Investing Cash Flow | -29.12M | -12.08M | -33.34M | -8.25M | 20.64M |
| Financing Cash Flow | -32.77M | -105.51M | -47.30M | -49.92M | -39.01M |
GRENKE AG Technical Analysis
Neutral
13.06
Price Trends
13.81
Negative
14.43
Negative
15.53
Negative
Market Momentum
-0.30
Negative
48.15
Neutral
69.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:GLJ, the sentiment is Neutral. The current price of 13.06 is above the 20-day moving average (MA) of 12.83, below the 50-day MA of 13.81, and below the 200-day MA of 15.53, indicating a neutral trend. The MACD of -0.30 indicates Negative momentum. The RSI at 48.15 is Neutral, neither overbought nor oversold. The STOCH value of 69.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | €179.77M | 7.35 | 13.05% | 5.53% | 1.42% | 8.56% | |
61 Neutral | €646.85M | 0.68 | 4.72% | 6.77% | 14.56% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €61.04M | 5.89 | 17.06% | 3.06% | -23.72% | 40.60% | |
49 Neutral | €607.23M | 9.90 | 5.31% | 2.63% | 16.74% | -22.66% | |
42 Neutral | €426.56M | -3.38 | -10.36% | 3.61% | -14.47% | -542.84% |
* General Sector Average
DE:GLJ
GRENKE AG
13.06
0.15
1.12%
DE:ALG
ALBIS Leasing
2.88
0.25
9.38%
DE:PBB
Deutsche Pfandbriefbank
3.17
-1.92
-37.76%
DE:MPCK
MPC Munchmeyer Petersen Capital AG
5.10
0.65
14.61%
DE:MUX
Mutares SE & Co. KGaA
25.25
-5.41
-17.64%
DE:BFV
Berliner Effektengesellschaft AG
72.00
6.97
10.73%
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.