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GFJ ESG Acquisition I SE Class A
(XETRA:LRND)
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Rating:49Neutral
Price Target:
€2.00
▼(-12.28% Downside)
Action:Reiterated
Date:08/11/26
The score is held back primarily by weak and volatile financial performance (zero revenue in 2025, recurring losses, and persistent negative free cash flow). Technical indicators are also bearish (below key moving averages with negative MACD and low RSI), while the main positive offset is valuation, supported by a low P/E and a high dividend yield.
Positive Factors
Balance sheet improvement
The return to positive equity in 2025 and a modest debt load materially reduce near-term solvency pressure. That structural improvement increases financial flexibility for refinancing and operations, lowering the probability of urgent capital raises over the next several months if losses do not resume.
Negative Factors
Revenue collapse in 2025
A drop to zero revenue in 2025 while still loss-making is a fundamental red flag: it indicates the core revenue engine halted or contractual relationships broke down. Restoring predictable top-line is essential to rebuild margins, operating leverage, and long-term cash generation, making near-term recovery uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet improvement
The return to positive equity in 2025 and a modest debt load materially reduce near-term solvency pressure. That structural improvement increases financial flexibility for refinancing and operations, lowering the probability of urgent capital raises over the next several months if losses do not resume.
Read all positive factors
GFJ ESG Acquisition I SE Class A (LRND) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€28.82M
Dividend Yield14.04%
Average Volume (3M)794.00
Price to Earnings (P/E)4.3
Beta (1Y)0.31
Revenue GrowthN/A
EPS GrowthN/A
CountryDE
Employees392
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.35
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 engages in providing energy management services. It offers building management services (BMS), which are computer-based control systems used to monitor and manage mechanical, electrical and electromechanical services in a building, such ...
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 | 88.16M | 0.00 | 44.75M | 27.89M | 0.00 | 26.46M |
| Gross Profit | 27.64M | -2.20M | 16.49M | 11.06M | 30.42M | 11.14M |
| EBITDA | 9.46M | -4.37M | 6.83M | -41.48M | 835.61K | -734.34K |
| Net Income | 5.45M | ― | 2.96M | -42.94M | -13.66M | -7.22M |
Balance Sheet | ||||||
| Total Assets | 46.67M | 26.45M | 38.22M | 21.46M | 135.30M | 131.24M |
| Cash, Cash Equivalents and Short-Term Investments | 3.01M | 6.07M | 2.85M | 1.54M | 135.05M | 1.22M |
| Total Debt | 24.58M | 3.91M | 20.16M | 8.94M | 7.43M | 122.17M |
| Total Liabilities | 44.07M | 6.32M | 39.71M | 32.61M | 155.96M | 137.95M |
| Stockholders Equity | 2.60M | 20.13M | -1.49M | -11.15M | -20.67M | -6.71M |
Cash Flow | ||||||
| Free Cash Flow | 1.95M | -3.47M | -851.69K | -6.20M | -2.92M | -539.07K |
| Operating Cash Flow | 2.46M | -3.33M | 477.16K | -5.49M | -2.24M | -539.07K |
| Investing Cash Flow | -2.65M | 16.15M | -6.07M | -1.72M | 0.00 | 0.00 |
| Financing Cash Flow | -2.46M | -10.18M | 6.98M | 8.80M | 744.56K | 131.32M |
GFJ ESG Acquisition I SE Class A Peers Comparison
UnderperformOutperform
Sector (55)
DE:LRND
GFJ ESG Acquisition I SE Class A
2.28
0.44
23.98%
DE:IPOK
Heidelberger Beteiligungsholding AG
126.00
28.00
28.57%
DE:SVE
Shareholder Value Beteiligungen AG
75.00
-16.00
-17.58%
DE:LSNA
Private Assets AG TEMP
3.60
0.60
20.00%
DE:VVV3
OEKOWORLD AG Pref.
27.20
-0.55
-2.00%
DE:MS1
468 SPAC II SE
0.04
-0.51
-92.84%
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.