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General de Alquiler de Maquinaria
(BME:GAM)
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Rating:53Neutral
Price Target:
€1.50
▲(1.35% Upside)
Action:N/A
Date:07/30/26
The score is primarily held back by balance-sheet leverage and thin bottom-line profitability despite solid operating cash generation and improved operating profitability. Technically, the stock is trading below key moving averages, reinforcing a weaker trend setup. Valuation appears neutral (P/E ~20) without a dividend yield to add support.
Positive Factors
Operating cash generation
Consistent operating cash flow supports GAM's capital-intensive rental model by funding fleet maintenance, replacements and service commitments without frequent equity raises. Over a 2–6 month horizon, durable OCF cushions leverage, sustains operations and underpins reinvestment into equipment and uptime.
Negative Factors
High leverage
Elevated and rising debt-to-equity increases refinancing and interest-rate sensitivity for an asset-heavy rental business. High leverage magnifies cyclical downturns, restricts strategic flexibility (capex, M&A) and raises covenant and liquidity risk if operating performance slips over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash generation
Consistent operating cash flow supports GAM's capital-intensive rental model by funding fleet maintenance, replacements and service commitments without frequent equity raises. Over a 2–6 month horizon, durable OCF cushions leverage, sustains operations and underpins reinvestment into equipment and uptime.
Read all positive factors
General de Alquiler de Maquinaria (GAM) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€143.79M
Dividend YieldN/A
Average Volume (3M)16.73K
Price to Earnings (P/E)21.3
Beta (1Y)0.43
Revenue Growth3.97%
EPS Growth54.18%
CountryES
Employees1,971
SectorGeneral
Sector StrengthN/A
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding94,608,110
10 Day Avg. Volume18,148
30 Day Avg. Volume16,731
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)1.38
Price to Sales (P/S)0.48
P/FCF Ratio4.80
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)N/A
Revenue Forecast (FY)N/A
General de Alquiler de Maquinaria Business Overview & Revenue Model
Company Description
General de Alquiler de Maquinaria, S.A. (GAM) is a prominent company primarily engaged in the rental of machinery and equipment. Its operations extend across Spain and into international markets. The company's extensive inventory includes speciali...
How the Company Makes Money
GAM primarily generates revenue by providing machinery and equipment on a rental/lease basis, charging customers recurring fees for the use of assets over agreed periods (short-, medium-, or long-term). This rental activity is typically complement...
General de Alquiler de Maquinaria Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
45
Neutral
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 316.11M | 304.04M | 280.86M | 223.24M | 168.26M |
| Gross Profit | 68.30M | 193.59M | 168.61M | 142.62M | 108.14M |
| EBITDA | 87.05M | 78.87M | 43.59M | 56.17M | 42.72M |
| Net Income | 6.74M | 4.40M | 9.07M | 7.66M | 2.63M |
Balance Sheet | |||||
| Total Assets | 562.74M | 551.23M | 537.22M | 449.52M | 339.21M |
| Cash, Cash Equivalents and Short-Term Investments | 33.45M | 30.38M | 39.08M | 57.54M | 13.88M |
| Total Debt | 310.35M | 191.31M | 336.95M | 283.63M | 201.81M |
| Total Liabilities | 451.25M | 444.02M | 433.20M | 351.98M | 254.29M |
| Stockholders Equity | 110.29M | 105.17M | 101.95M | 93.51M | 84.50M |
Cash Flow | |||||
| Free Cash Flow | 31.72M | 33.20M | 17.91M | 5.13M | 9.34M |
| Operating Cash Flow | 78.41M | 78.96M | 81.69M | 49.54M | 40.44M |
| Investing Cash Flow | -48.59M | -46.96M | -83.72M | -42.41M | -39.81M |
| Financing Cash Flow | -26.75M | -40.71M | -16.43M | 36.53M | -7.73M |
General de Alquiler de Maquinaria Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | €40.75B | 59.73 | 10.42% | 2.00% | 5.46% | -81.98% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €5.37B | 32.02 | 5.31% | 4.21% | 6.93% | -64.18% | |
54 Neutral | €13.04B | 16.19 | 17.35% | 2.28% | 7.62% | -56.65% | |
53 Neutral | €143.79M | 21.28 | 4.87% | ― | 3.97% | 54.18% | |
52 Neutral | €597.21M | 20.28 | 5.27% | ― | -5.32% | ― |
* General Sector Average
ES:GAM
General de Alquiler de Maquinaria
1.50
0.05
3.45%
ES:ANA
Acciona
209.00
41.78
24.98%
ES:FER
Ferrovial
57.78
13.52
30.55%
ES:FCC
Fomento de Construcciones y Contratas
11.16
0.84
8.18%
ES:OHLA
Obrascon Huarte Lain
0.44
0.04
11.54%
ES:ALQ
Alquiber Quality SA
16.80
4.61
37.81%
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.