Risk factor
Weak & very vulnerable to price shocks
Profitability factor
Solid dividends
About
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, and various international markets. Its business is structured into three main divisions: Leasing, Banking, and Factoring. The Leasing segment specializes in small-value equipment financing, particularly for IT products like PCs, notebooks, servers, and telecommunications gear, as well as copying and medical technology. This division provides commercial clients with financing options, alongside comprehensive services such as protection plans, maintenance, and the management of used equipment disposal. Through its Banking division, Grenke offers fixed deposit accounts to both individual and corporate clients via its digital platform. It also extends funding to new business ventures and provides development loans to SMEs and independent professionals. Furthermore, its Factoring unit delivers small-ticket factoring services. With a global network of 154 locations, the company was originally known as GrenkeLeasing AG before adopting the name Grenke AG in May 2016.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is 'cheap' on P/E, overvalued on EV/EBITD.
Target Price
The average target price of GLJ.DE is 17.8 and suggests 79.1% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in