Grenke Past Earnings Performance
Past criteria checks 3/6
Grenke's earnings have been declining at an average annual rate of -9.4%, while the Diversified Financial industry saw earnings declining at 9.4% annually. Revenues have been growing at an average rate of 5.8% per year. Grenke's return on equity is 5.4%, and it has net margins of 8.8%.
Key information
-9.43%
Earnings growth rate
-8.57%
EPS growth rate
| Diversified Financial Industry Growth | 9.07% |
| Revenue growth rate | 5.80% |
| Return on equity | 5.43% |
| Net Margin | 8.77% |
| Next Earnings Update | 13 Aug 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 22
GLJ: Earnings Guidance And Profitability Focus Will Support Future Re-Rating Potential
Analysts have slightly reduced their price target on Grenke from €20.24 to €20.04, reflecting updated assumptions for revenue growth, profit margins, and future P/E multiples. What’s in the News for Grenke Grenke reaffirmed earnings guidance for the 2026 financial year, expecting Group earnings in a range of €74 million to €86 million, with leasing new business volume projected between €3.4b and €3.6b.
Narrative Update • Jun 05
GLJ: Slower Revenue And Margin Pressure Will Constrain Future Share Performance
Analysts have lowered their price targets on Grenke by €1 to €28, citing updated assumptions for slower revenue growth, reduced profit margins, a higher discount rate of 10.34% and a recalibrated future P/E of 7.41x. Analyst Commentary Recent price target changes for Grenke highlight a more cautious tone from bearish analysts, who are reassessing assumptions around growth, profitability and valuation.Narrative Update • May 21
GLJ: Dividend And Earnings Guidance Will Support Future Re-Rating Potential
Analysts have reduced their average price targets on Grenke by around €1, reflecting updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples, while maintaining a generally constructive view on the stock. Analyst Commentary Recent research points to a slightly lower, but still constructive, view on Grenke, with price targets trimmed by around €1 as analysts refresh their models for discount rates, revenue growth, profit margins and future P/E multiples.
Narrative Update • May 01
GLJ: Updated P/E Assumptions Will Support Future Re Rating Potential
Analysts have trimmed their collective price target on Grenke to €28 from €29, citing updated assumptions on revenue growth, profit margins and future P/E. These factors still support their overall positive view on the shares.Narrative Update • Apr 17
GLJ: Higher Discount Rate Assumptions Will Support Future Re Rating Potential
Analysts have trimmed their price target on Grenke to €28 from €30, reflecting updated assumptions for fair value, discount rate, growth, margins and future P/E multiples that align with recent Street research cuts. Analyst Commentary Recent Street research on Grenke has centred on recalibrated price targets, with fair value views adjusted but coverage and interest maintained.Narrative Update • Apr 01
GLJ: Dividend Outlook And Earnings Guidance Will Support Future Upside Potential
Grenke's latest analyst price target has edged down by €0.20, as analysts factor in slightly lower profit margin assumptions and a modestly higher future P/E multiple in their updated models. Analyst Commentary Recent research updates have kept the focus on valuation discipline, with price targets adjusted slightly as analysts refine their views on Grenke's earnings power and appropriate P/E levels.Narrative Update • Mar 18
GLJ: Steady Guidance And Dividend Outlook Will Support Future Upside Potential
Analysts have trimmed their price target on Grenke to €28 from €29, reflecting updated assumptions for growth, profitability and future P/E multiples. Analyst Commentary Recent research points to a slightly reduced fair value for Grenke, with the target adjusted to €28 from €29.Narrative Update • Mar 04
GLJ: Stable Assumptions And Guidance Will Support Stronger Future Return Potential
Analysts have kept their Grenke price target steady at about €20.84, reflecting unchanged assumptions on fair value, discount rate, revenue growth, profit margin and future P/E in their latest work. Valuation Changes Fair Value: Model fair value remains at €20.84, with no change between the previous and updated estimates.Narrative Update • Feb 18
GLJ: Confirmed 2025 Earnings Guidance Will Support Stronger Future Return Potential
Analysts have trimmed their price target on Grenke from €21.94 to €20.84, citing slightly more cautious assumptions for revenue growth, profit margins and future P/E, along with a modestly higher discount rate. Valuation Changes Fair Value: Trimmed from €21.94 to €20.84, a reduction of about 5%.Narrative Update • Feb 03
GLJ: Lower Fair Value And P/E Multiple Will Limit Future Upside
Analysts have reset their fair value estimate for Grenke from €20.00 to €11.00, pointing to slightly softer revenue growth assumptions, a higher projected profit margin, and a lower future P/E multiple as key drivers of the revision. What's in the News Grenke AG maintained its earnings guidance for 2025, with expected earnings in a range of €71 million to €81 million for the financial year (Key Developments).Analysis Article • Jan 31
Not Many Are Piling Into Grenke AG (ETR:GLJ) Just Yet
With a price-to-earnings (or "P/E") ratio of 12.5x Grenke AG ( ETR:GLJ ) may be sending bullish signals at the moment...Narrative Update • Jan 20
GLJ: Confirmed 2025 Earnings Guidance Will Support Stronger Future Return Potential
Analysts have trimmed their price target for Grenke from €24.75 to €21.94, citing updated assumptions that include lower revenue growth, a slightly higher profit margin, and a modestly reduced future P/E multiple. What's in the News Grenke AG confirmed its earnings guidance for 2025, keeping the expected earnings range at €71 million to €81 million for the financial year (Key Developments).Narrative Update • Jan 05
GLJ: Higher Growth Assumptions Will Support Stronger Earnings Outlook
Analysts have raised their price target for Grenke from €23.25 to €24.75, citing updated assumptions for revenue growth, profit margins, and future P/E that feed through to their fair value framework. What's in the News Grenke AG maintained its earnings guidance for the 2025 financial year at a range of €71 million to €81 million.Narrative Update • Dec 15
GLJ: Earnings Guidance Will Support Higher Expected Returns Despite Margin Pressure
Analysts have raised their price target for Grenke from €14.50 to €20.00. This reflects higher anticipated revenue growth, despite lower projected profit margins and a modestly richer future P E multiple.Analysis Article • Nov 01
Market Cool On Grenke AG's (ETR:GLJ) Earnings
With a price-to-earnings (or "P/E") ratio of 15.1x Grenke AG ( ETR:GLJ ) may be sending bullish signals at the moment...Narrative Update • Sep 24
Digital Transformation And European Expansion Will Ensure Resilient Performance
The upward revision in Grenke’s fair value reflects sharply improved consensus revenue growth forecasts, partly offset by a lower expected net profit margin, resulting in a modest increase in the analyst price target to €23.25. What's in the News Grenke AG reaffirmed group earnings guidance for 2025, expecting earnings between EUR 71 million and EUR 81 million.Analysis Article • Jul 11
Even With A 28% Surge, Cautious Investors Are Not Rewarding Grenke AG's (ETR:GLJ) Performance Completely
Grenke AG ( ETR:GLJ ) shares have continued their recent momentum with a 28% gain in the last month alone...Analysis Article • Apr 10
Grenke (ETR:GLJ) Has Announced That Its Dividend Will Be Reduced To €0.40
Grenke AG's ( ETR:GLJ ) dividend is being reduced from last year's payment covering the same period to €0.40 on the...Analysis Article • Apr 05
It's Down 26% But Grenke AG (ETR:GLJ) Could Be Riskier Than It Looks
Grenke AG ( ETR:GLJ ) shareholders won't be pleased to see that the share price has had a very rough month, dropping...Analysis Article • Mar 27
Grenke's (ETR:GLJ) Dividend Is Being Reduced To €0.40
Grenke AG ( ETR:GLJ ) has announced that on 12th of May, it will be paying a dividend of€0.40, which a reduction from...
New Narrative • Feb 15
Digital Excellence Program Will Increase Cost Efficiency Over Long Term
Grenke's strong market confidence and funding bolster growth, aided by interest rate cuts and robust leasing activity.Analysis Article • Nov 02
Grenke AG (ETR:GLJ) Stock's 29% Dive Might Signal An Opportunity But It Requires Some Scrutiny
To the annoyance of some shareholders, Grenke AG ( ETR:GLJ ) shares are down a considerable 29% in the last month...Analysis Article • Jul 12
A Piece Of The Puzzle Missing From Grenke AG's (ETR:GLJ) 28% Share Price Climb
Grenke AG ( ETR:GLJ ) shares have had a really impressive month, gaining 28% after a shaky period beforehand...Analysis Article • Mar 21
Take Care Before Diving Into The Deep End On Grenke AG (ETR:GLJ)
Grenke AG's ( ETR:GLJ ) price-to-earnings (or "P/E") ratio of 12.4x might make it look like a buy right now compared to...Analysis Article • Dec 21
Potential Upside For Grenke AG (ETR:GLJ) Not Without Risk
With a price-to-earnings (or "P/E") ratio of 13.6x Grenke AG ( ETR:GLJ ) may be sending bullish signals at the moment...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Grenke makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 676 | 59 | 217 | 0 |
| 31 Dec 25 | 660 | 57 | 215 | 0 |
| 30 Sep 25 | 640 | 51 | 212 | 0 |
| 30 Jun 25 | 617 | 44 | 208 | 0 |
| 31 Mar 25 | 600 | 54 | 203 | 0 |
| 31 Dec 24 | 578 | 65 | 198 | 0 |
| 30 Sep 24 | 581 | 74 | 192 | 0 |
| 30 Jun 24 | 560 | 86 | 186 | 0 |
| 31 Mar 24 | 538 | 85 | 182 | 0 |
| 31 Dec 23 | 527 | 83 | 176 | 0 |
| 30 Sep 23 | 506 | 84 | 171 | 0 |
| 30 Jun 23 | 504 | 82 | 166 | 0 |
| 31 Mar 23 | 504 | 78 | 157 | 0 |
| 31 Dec 22 | 502 | 81 | 149 | 0 |
| 30 Sep 22 | 491 | 99 | 139 | 0 |
| 30 Jun 22 | 492 | 100 | 131 | 0 |
| 31 Mar 22 | 497 | 97 | 129 | 0 |
| 31 Dec 21 | 504 | 90 | 128 | 0 |
| 30 Sep 21 | 516 | 76 | 128 | 0 |
| 30 Jun 21 | 524 | 80 | 125 | 0 |
| 31 Mar 21 | 531 | 75 | 121 | 0 |
| 31 Dec 20 | 549 | 86 | 121 | 0 |
| 30 Sep 20 | 562 | 95 | 124 | 0 |
| 30 Jun 20 | 560 | 103 | 125 | 0 |
| 31 Mar 20 | 552 | 123 | 125 | 0 |
| 31 Dec 19 | 528 | 134 | 121 | 0 |
| 30 Sep 19 | 498 | 131 | 112 | 0 |
| 30 Jun 19 | 481 | 129 | 110 | 0 |
| 31 Mar 19 | 463 | 129 | 106 | 0 |
| 31 Dec 18 | 445 | 127 | 103 | 0 |
| 30 Sep 18 | 430 | 118 | 110 | 0 |
| 30 Jun 18 | 411 | 111 | 106 | 0 |
| 31 Mar 18 | 394 | 103 | 103 | 0 |
| 31 Dec 17 | 377 | 102 | 98 | 0 |
| 30 Sep 17 | 357 | 104 | 91 | 0 |
| 30 Jun 17 | 344 | 103 | 87 | 0 |
| 31 Mar 17 | 335 | 104 | 83 | 0 |
| 31 Dec 16 | 327 | 101 | 80 | 0 |
| 30 Sep 16 | 317 | 95 | 78 | 0 |
| 30 Jun 16 | 310 | 90 | 76 | 0 |
| 31 Mar 16 | 298 | 84 | 74 | 0 |
| 31 Dec 15 | 287 | 80 | 72 | 0 |
| 30 Sep 15 | 273 | 76 | 69 | 0 |
Quality Earnings: GLJ has high quality earnings.
Growing Profit Margin: GLJ's current net profit margins (8.8%) are lower than last year (9.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GLJ's earnings have declined by 9.4% per year over the past 5 years.
Accelerating Growth: GLJ's earnings growth over the past year (9.2%) exceeds its 5-year average (-9.4% per year).
Earnings vs Industry: GLJ earnings growth over the past year (9.2%) exceeded the Diversified Financial industry 9.2%.
Return on Equity
High ROE: GLJ's Return on Equity (5.4%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/31 15:19 |
| End of Day Share Price | 2026/07/31 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Grenke AG is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Marius Fuhrberg | Berenberg |
| Claus Roller | BofA Global Research |
| Olivia Pulvermacher | Deutsche Bank |