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.
Reasonable growth potential average dividend payer.
Share Price & News
How has Grenke's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GLJ's share price has been volatile over the past 3 months.
7 Day Return
DE Diversified Financial
1 Year Return
DE Diversified Financial
Return vs Industry: GLJ underperformed the German Diversified Financial industry which returned 13.4% over the past year.
Return vs Market: GLJ underperformed the German Market which returned 0.2% over the past year.
Price Volatility Vs. Market
How volatile is Grenke's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StInvestors Who Bought Grenke (ETR:GLJ) Shares A Year Ago Are Now Down 44%
2 months ago | Simply Wall StHow Does Grenke's (ETR:GLJ) P/E Compare To Its Industry, After The Share Price Drop?
2 months ago | Simply Wall StI Built A List Of Growing Companies And Grenke (ETR:GLJ) Made The Cut
Is Grenke undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GLJ (€72.45) is trading above our estimate of fair value (€34.9)
Significantly Below Fair Value: GLJ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GLJ is good value based on its PE Ratio (27x) compared to the Diversified Financial industry average (27x).
PE vs Market: GLJ is poor value based on its PE Ratio (27x) compared to the German market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: GLJ is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: GLJ is good value based on its PB Ratio (2.7x) compared to the DE Diversified Financial industry average (6.3x).
How is Grenke forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GLJ's forecast earnings growth (22.6% per year) is above the savings rate (0.2%).
Earnings vs Market: GLJ's earnings (22.6% per year) are forecast to grow faster than the German market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GLJ's revenue (11.3% per year) is forecast to grow faster than the German market (5.8% per year).
High Growth Revenue: GLJ's revenue (11.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GLJ's Return on Equity is forecast to be low in 3 years time (10.6%).
How has Grenke performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GLJ has high quality earnings.
Growing Profit Margin: GLJ's current net profit margins (23.3%) are lower than last year (27.9%).
Past Earnings Growth Analysis
Earnings Trend: GLJ's earnings have grown by 12.4% per year over the past 5 years.
Accelerating Growth: GLJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GLJ had negative earnings growth (-3.5%) over the past year, making it difficult to compare to the Diversified Financial industry average (2.6%).
Return on Equity
High ROE: GLJ's Return on Equity (10.4%) is considered low.
How is Grenke's financial position?
Financial Position Analysis
Short Term Liabilities: GLJ's short term assets (€6.7B) exceed its short term liabilities (€2.5B).
Long Term Liabilities: GLJ's short term assets (€6.7B) exceed its long term liabilities (€3.6B).
Debt to Equity History and Analysis
Debt Level: GLJ's debt to equity ratio (378.9%) is considered high.
Reducing Debt: GLJ's debt to equity ratio has reduced from 396.2% to 378.9% over the past 5 years.
Debt Coverage: GLJ's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: Insufficient data to determine if GLJ's interest payments on its debt are well covered by EBIT.
What is Grenke's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GLJ's dividend (1.1%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.28%).
High Dividend: GLJ's dividend (1.1%) is low compared to the top 25% of dividend payers in the German market (3.93%).
Stability and Growth of Payments
Stable Dividend: GLJ's dividends per share have been stable in the past 10 years.
Growing Dividend: GLJ's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.8%), GLJ's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GLJ's dividends in 3 years are forecast to be well covered by earnings (31% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Antje Leminsky (48yo)
Ms. Antje Leminsky is Chairman of the Management Board at GRENKE AG since March 1, 2018 and has been its Chief Executive Officer since March 1, 2018. Ms. Leminsky was the Deputy Chairman of the Board of Di ...
CEO Compensation Analysis
Compensation vs Market: Antje's total compensation ($USD940.45K) is below average for companies of similar size in the German market ($USD2.36M).
Compensation vs Earnings: Antje's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chairman of the Supervisory Board||14.83yrs||€90.20k||no data|
|Deputy Chairman of Supervisory Board||2yrs||€78.17k||40.79% €1.4b|
|Member of Supervisory Board||10yrs||€58.43k||no data|
|Member of Supervisory Board||5yrs||€49.54k||no data|
|Member of Supervisory Board||1yr||€32.42k||no data|
|Member of the Supervisory Board||0.42yr||€8.00k||no data|
Experienced Board: GLJ's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Grenke AG's company bio, employee growth, exchange listings and data sources
- Name: Grenke AG
- Ticker: GLJ
- Exchange: XTRA
- Founded: 1978
- Industry: Specialized Finance
- Sector: Diversified Financials
- Market Cap: €3.358b
- Shares outstanding: 46.35m
- Website: https://www.grenke.de
Number of Employees
- Grenke AG
- Neuer Markt 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GLJD||BATS-CHIXE (BATS 'Chi-X Europe')||Bearer Shares||GB||EUR||Apr 2000|
|GLJ||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Apr 2000|
|GLJ||XTRA (XETRA Trading Platform)||Yes||Registered Shares||DE||EUR||Apr 2000|
|GLJ||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Apr 2000|
|GLJ||WBAG (Wiener Boerse AG)||Yes||Registered Shares||AT||EUR||Apr 2000|
|GKSG.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||Apr 2000|
|0R97||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||Apr 2000|
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 Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, rental, service, protection, and maintenance offerings, as well as disposal of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, peripheral devices, software, telecommunication and copier equipment, and medical devices, as well as other IT products. It also provides banking products and services, such as fixed deposits to private and business customers through its Website; financing services to business start-ups, as well as development loans to SMEs and self-employed professionals; and small-ticket factoring and collection services. Grenke AG operates a total of 148 locations. The company was formerly known as GrenkeLeasing AG and changed its name to Grenke AG in May 2016. Grenke AG was founded in 1978 and is headquartered in Baden-Baden, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 01:09|
|End of Day Share Price||2020/05/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.