GFJ ESG Acquisition I SE Class A (DE:LRND)
XETRA:LRND
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GFJ ESG Acquisition I SE Class A
(XETRA:LRND)
Select Model
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Rating:47Neutral
Price Target:
€2.50
▼(-10.07% Downside)
Action:Reiterated
Date:05/10/26
The score is held down mainly by weak and volatile financial performance (zero revenue in 2025, ongoing losses, and persistent negative free cash flow) and bearish technicals (below key moving averages with negative MACD). A low P/E provides some valuation support but is not enough to offset the financial and trend risks.
Positive Factors
Improved 2025 equity position
Positive equity in 2025 combined with only modest debt relative to equity provides a clearer solvency buffer than prior years. That stronger capital position can give management measurable runway to pursue strategic options (merger, restructuring, or financing) and reduces immediate refinancing pressure over the coming months.
Negative Factors
Zero revenue and ongoing losses in 2025
Reporting zero revenue in 2025 while continuing to post losses is a material structural weakness: it removes internal funding sources, undermines the business model's credibility, and significantly heightens liquidity and refinancing risks. Without durable revenue, operational recovery depends on external capital or a change in business strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved 2025 equity position
Positive equity in 2025 combined with only modest debt relative to equity provides a clearer solvency buffer than prior years. That stronger capital position can give management measurable runway to pursue strategic options (merger, restructuring, or financing) and reduces immediate refinancing pressure over the coming months.
Read all positive factors
GFJ ESG Acquisition I SE Class A (LRND) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€31.09M
Dividend YieldN/A
Average Volume (3M)794.00
Price to Earnings (P/E)9.0
Beta (1Y)0.36
Revenue Growth38.50%
EPS GrowthN/A
CountryDE
Employees356
SectorGeneral
Sector StrengthN/A
IndustryShell Companies
Share Statistics
EPS (TTM)0.27
Shares Outstanding24,733,236
10 Day Avg. Volume1,203
30 Day Avg. Volume794
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.96
Price to Sales (P/S)0.00
P/FCF Ratio-5.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.02
Revenue Forecast (FY)N/A
GFJ ESG Acquisition I SE Class A Business Overview & Revenue Model
Company Description
learnd SE, through its subsidiaries, provides building management solutions in the United Kingdom. The company offers installing building control, which includes heating, ventilation, cooling, hot water, and lighting services. It serves healthcare...
How the Company Makes Money
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GFJ ESG Acquisition I SE Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
33
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.65M | 0.00 | 54.07M | 32.11M | 30.42M | 0.00 |
| Gross Profit | 20.77M | -2.52M | 19.92M | 12.73M | 11.53M | 0.00 |
| EBITDA | 10.53M | -5.00M | 8.25M | -47.75M | 952.71K | -8.06M |
| Net Income | 3.86M | -2.30M | 3.57M | -49.44M | -15.57M | -8.59M |
Balance Sheet | ||||||
| Total Assets | 54.60M | 30.32M | 46.18M | 24.70M | 154.26M | 156.22M |
| Cash, Cash Equivalents and Short-Term Investments | 3.52M | 6.96M | 3.44M | 1.77M | 90.36K | 1.45M |
| Total Debt | 28.76M | 4.48M | 24.35M | 10.29M | 8.47M | 145.43M |
| Total Liabilities | 51.56M | 7.24M | 47.98M | 37.54M | 177.82M | 164.21M |
| Stockholders Equity | 3.04M | 23.08M | -1.80M | -12.84M | -23.56M | -7.99M |
Cash Flow | ||||||
| Free Cash Flow | 301.93K | -3.98M | -1.03M | -7.13M | -3.33M | -641.69K |
| Operating Cash Flow | 710.28K | -3.82M | 576.53K | -6.32M | -2.55M | -641.69K |
| Investing Cash Flow | -2.16M | 18.51M | -7.34M | -1.72M | -920.94K | 0.00 |
| Financing Cash Flow | -642.17K | -11.67M | 8.43M | 7.21M | 848.91K | 156.32M |
GFJ ESG Acquisition I SE Class A Technical Analysis
Negative
2.78
Price Trends
2.85
Negative
3.51
Negative
2.86
Negative
Market Momentum
-0.13
Negative
27.65
Positive
34.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:LRND, the sentiment is Negative. The current price of 2.78 is above the 20-day moving average (MA) of 2.60, below the 50-day MA of 2.85, and below the 200-day MA of 2.86, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 27.65 is Positive, neither overbought nor oversold. The STOCH value of 34.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:LRND.
GFJ ESG Acquisition I SE Class A Peers Comparison
UnderperformOutperform
Sector (55)
DE:LRND
GFJ ESG Acquisition I SE Class A
2.46
-1.14
-31.67%
DE:R2E0
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0.04
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DE:SE3
Smart Equity AG
15.00
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-23.08%
DE:M5S
MARNA Beteiligungen AG
0.21
-0.47
-69.12%
DE:14D
Tokentus Investment AG
0.70
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-35.78%
DE:MS1
468 SPAC II SE
0.20
-0.23
-53.70%
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.