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GRENKE AG
(XETRA:GLJ)
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Rating:54Neutral
Price Target:
€11.50
▼(-1.37% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weakened financial quality—negative recent cash flow and sharply higher leverage—alongside bearish technicals. These risks are partially offset by an attractive valuation (low P/E) and a solid dividend yield.
Positive Factors
Revenue Growth and Profitability
Revenue growth and continued profitability indicate healthy demand for small-ticket SME leasing. A larger lease portfolio can expand recurring income and improve operating scale, provided funding costs and credit performance remain controlled.
Negative Factors
Sharp Leverage Increase
The sharp rise in leverage reduces financial flexibility and makes results more sensitive to refinancing costs and credit losses. Lower equity relative to assets also leaves less capacity to absorb deterioration in the lease portfolio.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Profitability
Revenue growth and continued profitability indicate healthy demand for small-ticket SME leasing. A larger lease portfolio can expand recurring income and improve operating scale, provided funding costs and credit performance remain controlled.
Read all positive factors
GRENKE AG (GLJ) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€520.75M
Dividend Yield3.78%
Average Volume (3M)67.56K
Price to Earnings (P/E)6.8
Beta (1Y)1.11
Revenue Growth13.67%
EPS Growth30.29%
CountryDE
Employees2,500
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)1.63
Shares Outstanding46,495,570
10 Day Avg. Volume61,687
30 Day Avg. Volume67,556
Financial Highlights & Ratios
PEG Ratio-1.16
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
€20.33Price Target Upside74.39% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.39
Revenue Forecast (FY)€734.10M
GRENKE AG Business Overview & Revenue Model
Company Description
Grenke AG, established in 1978 and based in Baden-Baden, Germany, offers a broad spectrum of financial and banking services primarily aimed at small and medium-sized enterprises (SMEs). The company's operations extend across Germany, France, Italy...
How the Company Makes Money
GRENKE primarily makes money by originating and servicing large volumes of small-ticket lease contracts for business equipment. Its key revenue and earnings drivers include: (1) Lease and financing income: The company purchases equipment (or finan...
GRENKE AG Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
48
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 962.95M | 901.99M | 819.15M | 687.14M | 614.02M | 608.60M |
| Gross Profit | 588.19M | 589.10M | 396.86M | 372.43M | 384.42M | 414.83M |
| EBITDA | 131.48M | 119.70M | 153.51M | 135.65M | 146.31M | 165.66M |
| Net Income | 72.80M | 69.76M | 75.94M | 92.32M | 90.38M | 99.54M |
Balance Sheet | ||||||
| Total Assets | 9.17B | 9.09B | 8.22B | 7.10B | 6.41B | 6.66B |
| Cash, Cash Equivalents and Short-Term Investments | 468.95M | 693.47M | 975.46M | 697.81M | 449.46M | 853.37M |
| Total Debt | 7.54B | 7.52B | 4.32B | 3.84B | 3.68B | 3.71B |
| Total Liabilities | 7.96B | 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 | -127.50M | -257.06M | 385.39M | 322.22M | -355.05M | -79.17M |
| Operating Cash Flow | -111.06M | -238.26M | 393.96M | 329.25M | -346.84M | -72.04M |
| Investing Cash Flow | -59.54M | -29.12M | -12.08M | -33.34M | -8.25M | 20.64M |
| Financing Cash Flow | -310.27M | -32.77M | -105.51M | -47.30M | -49.92M | -39.01M |
GRENKE AG Technical Analysis
Negative
11.66
Price Trends
11.93
Negative
12.27
Negative
13.18
Negative
Market Momentum
-0.23
Positive
36.15
Neutral
24.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:GLJ, the sentiment is Negative. The current price of 11.66 is below the 20-day moving average (MA) of 11.70, below the 50-day MA of 11.93, and below the 200-day MA of 13.18, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 36.15 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | €549.40M | 19.16 | 7.55% | ― | -4.72% | 65.65% | |
59 Neutral | €67.83M | 16.75 | 10.77% | 3.38% | -4.39% | -36.21% | |
57 Neutral | €18.60M | -8.97 | -6.50% | 3.76% | 9.93% | -206.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €520.75M | 6.82 | 5.80% | 3.60% | 13.67% | 30.29% |
* General Sector Average
DE:GLJ
GRENKE AG
11.12
-6.10
-35.41%
DE:ALG
ALBIS Leasing
3.20
0.23
7.71%
DE:DFTK
DF Deutsche Forfait
1.53
-0.22
-12.36%
DE:HYQ
HYPOPORT
82.20
-70.40
-46.13%
DE:EBEN
aifinyo AG
3.49
0.00
0.00%
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.