GRENKE AG (GLJ.DE) Stock Fundamental Analysis
FRA:GLJ - Deutsche Boerse Ag - DE000A161N30 - Common Stock - Currency: EUR
Taking everything into account, GLJ scores 4 out of 10 in our fundamental rating. GLJ was compared to 50 industry peers in the Financial Services industry. Both the profitability and financial health of GLJ have multiple concerns. GLJ is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
GLJ had positive earnings in the past year.
In the past year GLJ had a positive cash flow from operations.
In the past 5 years GLJ has always been profitable.
In multiple years GLJ reported negative operating cash flow during the last 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.91%, GLJ is doing worse than 64.00% of the companies in the same industry.
GLJ has a Return On Equity (5.60%) which is in line with its industry peers.
The Return On Invested Capital of GLJ (1.72%) is worse than 60.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GLJ is significantly below the industry average of 11.19%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 5.6% | ||
| ROIC | 1.72% |
ROA(3y)1.26%
ROA(5y)1.37%
ROE(3y)6.33%
ROE(5y)7.52%
ROIC(3y)2.09%
ROIC(5y)2.21%
1.3 Margins
Looking at the Profit Margin, with a value of 9.92%, GLJ is in line with its industry, outperforming 46.00% of the companies in the same industry.
GLJ's Profit Margin has declined in the last couple of years.
The Operating Margin of GLJ (14.44%) is better than 62.00% of its industry peers.
In the last couple of years the Operating Margin of GLJ has declined.
Looking at the Gross Margin, with a value of 74.37%, GLJ is in the better half of the industry, outperforming 74.00% of the companies in the same industry.
GLJ's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.44% | ||
| PM (TTM) | 9.92% | ||
| GM | 74.37% |
OM growth 3Y-4.8%
OM growth 5Y-13.88%
PM growth 3Y-2.04%
PM growth 5Y-10.87%
GM growth 3Y-3.78%
GM growth 5Y-2.64%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLJ is destroying value.
GLJ has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for GLJ has been increased compared to 5 years ago.
GLJ has a worse debt/assets ratio than last year.
2.2 Solvency
GLJ has an Altman-Z score of 0.44. This is a bad value and indicates that GLJ is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of GLJ (0.44) is worse than 70.00% of its industry peers.
GLJ has a debt to FCF ratio of 17.00. This is a negative value and a sign of low solvency as GLJ would need 17.00 years to pay back of all of its debts.
GLJ has a worse Debt to FCF ratio (17.00) than 64.00% of its industry peers.
GLJ has a Debt/Equity ratio of 2.59. This is a high value indicating a heavy dependency on external financing.
GLJ has a Debt to Equity ratio of 2.59. This is in the lower half of the industry: GLJ underperforms 74.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.59 | ||
| Debt/FCF | 17 | ||
| Altman-Z | 0.44 |
ROIC/WACC0.7
WACC2.46%
2.3 Liquidity
A Current Ratio of 1.19 indicates that GLJ should not have too much problems paying its short term obligations.
The Current ratio of GLJ (1.19) is comparable to the rest of the industry.
GLJ has a Quick Ratio of 1.19. This is a normal value and indicates that GLJ is financially healthy and should not expect problems in meeting its short term obligations.
GLJ has a Quick ratio (1.19) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
GLJ shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.98%.
GLJ shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.49% yearly.
Looking at the last year, GLJ shows a quite strong growth in Revenue. The Revenue has grown by 18.80% in the last year.
The Revenue has been growing slightly by 3.14% on average over the past years.
EPS 1Y (TTM)-9.98%
EPS 3Y-1.22%
EPS 5Y-8.49%
EPS Q2Q%-43.19%
Revenue 1Y (TTM)18.8%
Revenue growth 3Y0.91%
Revenue growth 5Y3.14%
Sales Q2Q%133.31%
3.2 Future
Based on estimates for the next years, GLJ will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.31% on average per year.
Based on estimates for the next years, GLJ will show a quite strong growth in Revenue. The Revenue will grow by 13.18% on average per year.
EPS Next Y-11.45%
EPS Next 2Y7.07%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue Next Year8%
Revenue Next 2Y13.07%
Revenue Next 3Y13.18%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.20, the valuation of GLJ can be described as reasonable.
70.00% of the companies in the same industry are more expensive than GLJ, based on the Price/Earnings ratio.
GLJ's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
GLJ is valuated reasonably with a Price/Forward Earnings ratio of 8.77.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLJ indicates a somewhat cheap valuation: GLJ is cheaper than 78.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.10. GLJ is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.2 | ||
| Fwd PE | 8.77 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GLJ is valued a bit more expensive than 62.00% of the companies in the same industry.
94.00% of the companies in the same industry are more expensive than GLJ, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.2 | ||
| EV/EBITDA | 42.22 |
4.3 Compensation for Growth
GLJ's earnings are expected to grow with 16.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.07%
EPS Next 3Y16.31%
5. Dividend
5.1 Amount
GLJ has a Yearly Dividend Yield of 2.55%.
Compared to an average industry Dividend Yield of 3.76, GLJ pays a bit more dividend than its industry peers.
GLJ's Dividend Yield is comparable with the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.55% |
5.2 History
The dividend of GLJ decreases each year by -8.04%.
Dividend Growth(5Y)-8.04%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
29.06% of the earnings are spent on dividend by GLJ. This is a low number and sustainable payout ratio.
DP29.06%
EPS Next 2Y7.07%
EPS Next 3Y16.31%
FRA:GLJ (3/7/2025, 7:00:00 PM)
18.14
-0.32 (-1.73%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners25.59%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap843.51M
Analysts74
Price Target24.7 (36.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.55% |
Yearly Dividend0.45
Dividend Growth(5Y)-8.04%
DP29.06%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.02%
PT rev (3m)-2.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-20.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.2 | ||
| Fwd PE | 8.77 | ||
| P/S | 1.12 | ||
| P/FCF | 2.2 | ||
| P/OCF | 2.15 | ||
| P/B | 0.63 | ||
| P/tB | 0.65 | ||
| EV/EBITDA | 42.22 |
EPS(TTM)1.62
EY8.93%
EPS(NY)2.07
Fwd EY11.4%
FCF(TTM)8.25
FCFY45.47%
OCF(TTM)8.42
OCFY46.44%
SpS16.14
BVpS28.59
TBVpS27.73
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 5.6% | ||
| ROCE | 2.24% | ||
| ROIC | 1.72% | ||
| ROICexc | 2.4% | ||
| ROICexgc | 2.43% | ||
| OM | 14.44% | ||
| PM (TTM) | 9.92% | ||
| GM | 74.37% | ||
| FCFM | 51.11% |
ROA(3y)1.26%
ROA(5y)1.37%
ROE(3y)6.33%
ROE(5y)7.52%
ROIC(3y)2.09%
ROIC(5y)2.21%
ROICexc(3y)2.45%
ROICexc(5y)2.77%
ROICexgc(3y)2.49%
ROICexgc(5y)2.81%
ROCE(3y)2.7%
ROCE(5y)2.86%
ROICexcg growth 3Y-12.12%
ROICexcg growth 5Y-15.28%
ROICexc growth 3Y-11.84%
ROICexc growth 5Y-14.73%
OM growth 3Y-4.8%
OM growth 5Y-13.88%
PM growth 3Y-2.04%
PM growth 5Y-10.87%
GM growth 3Y-3.78%
GM growth 5Y-2.64%
F-Score5
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.59 | ||
| Debt/FCF | 17 | ||
| Debt/EBITDA | 24.81 | ||
| Cap/Depr | 27.01% | ||
| Cap/Sales | 1.09% | ||
| Interest Coverage | 2.43 | ||
| Cash Conversion | 282.5% | ||
| Profit Quality | 515.37% | ||
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 0.44 |
F-Score5
WACC2.46%
ROIC/WACC0.7
Cap/Depr(3y)24.64%
Cap/Depr(5y)41.49%
Cap/Sales(3y)1.24%
Cap/Sales(5y)2.04%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-9.98%
EPS 3Y-1.22%
EPS 5Y-8.49%
EPS Q2Q%-43.19%
EPS Next Y-11.45%
EPS Next 2Y7.07%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue 1Y (TTM)18.8%
Revenue growth 3Y0.91%
Revenue growth 5Y3.14%
Sales Q2Q%133.31%
Revenue Next Year8%
Revenue Next 2Y13.07%
Revenue Next 3Y13.18%
Revenue Next 5YN/A
EBIT growth 1Y-0.63%
EBIT growth 3Y-3.93%
EBIT growth 5Y-11.18%
EBIT Next Year22.9%
EBIT Next 3Y23.97%
EBIT Next 5YN/A
FCF growth 1Y171.37%
FCF growth 3Y-16.32%
FCF growth 5Y131.53%
OCF growth 1Y173.82%
OCF growth 3Y-16.58%
OCF growth 5Y74.4%