GRENKE AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 21.9 EUR | +0.92% |
|
-1.79% | -12.57% |
| Apr. 08 | GRENKE : Deutsche Bank maintains a Buy rating | ZD |
| Apr. 04 | Grenke sees itself on course after a good start to the year - share price rises | DP |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,276 | 1,805 | 1,425 | 910.4 | 1,165 | 1,009 | - | - |
| Enterprise Value (EV) 1 | 9,482 | 6,719 | 3,634 | 5,296 | 1,165 | 6,628 | 7,310 | 7,932 |
| P/E ratio | 31.6 x | 23.2 x | 15.8 x | 11.2 x | 14 x | 10.6 x | 8.43 x | 6.74 x |
| Yield | 0.95% | 0.67% | 1.66% | - | - | 2.37% | 2.94% | 3.64% |
| Capitalization / Revenue | 8.15 x | 3.18 x | 2.73 x | 1.79 x | 2.24 x | 1.48 x | 1.38 x | 1.24 x |
| EV / Revenue | 18.1 x | 11.8 x | 6.95 x | 10.4 x | 2.24 x | 9.75 x | 10 x | 9.78 x |
| EV / EBITDA | 46.7 x | 43.6 x | 22.2 x | 40.6 x | 8.32 x | 42.7 x | 40.5 x | 36.4 x |
| EV / FCF | 109 x | 12.2 x | -45.9 x | - | - | -12.6 x | -14.1 x | -15.3 x |
| FCF Yield | 0.92% | 8.2% | -2.18% | - | - | -7.95% | -7.11% | -6.54% |
| Price to Book | 3.42 x | 1.48 x | 1.1 x | 0.68 x | - | 0.8 x | 0.74 x | 0.68 x |
| Nbr of stocks (in thousands) | 46,354 | 46,496 | 46,496 | 46,496 | 46,496 | 46,092 | - | - |
| Reference price 2 | 92.25 | 38.82 | 30.65 | 19.58 | 25.05 | 21.90 | 21.90 | 21.90 |
| Announcement Date | 2/11/20 | 4/30/21 | 3/17/22 | 3/2/23 | 3/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 524.9 | 568.2 | 522.5 | 509.2 | 520.2 | 679.9 | 729.2 | 810.8 |
| EBITDA 1 | 203 | 154 | 164 | 130.4 | 140 | 155.1 | 180.6 | 217.7 |
| EBIT 1 | 174.3 | 114.5 | 132.5 | 97.98 | 112.9 | 130.9 | 165 | 206.1 |
| Operating Margin | 33.21% | 20.15% | 25.36% | 19.24% | 21.71% | 19.26% | 22.63% | 25.42% |
| Earnings before Tax (EBT) 1 | 170.7 | 104.6 | 123.5 | 111 | 110.4 | 134.8 | 170.4 | 209.9 |
| Net income 1 | 142.1 | 79.9 | 99.54 | 90.38 | 92.32 | 97.22 | 121.9 | 152.1 |
| Net margin | 27.07% | 14.06% | 19.05% | 17.75% | 17.75% | 14.3% | 16.72% | 18.76% |
| EPS 2 | 2.920 | 1.670 | 1.940 | 1.750 | 1.790 | 2.069 | 2.599 | 3.249 |
| Free Cash Flow 1 | 87.01 | 550.7 | -79.17 | - | - | -526.6 | -519.4 | -519.1 |
| FCF margin | 16.58% | 96.91% | -15.15% | - | - | -77.45% | -71.23% | -64.02% |
| FCF Conversion (EBITDA) | 42.86% | 357.6% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 61.25% | 689.19% | - | - | - | - | - | - |
| Dividend per Share 2 | 0.8800 | 0.2600 | 0.5100 | - | - | 0.5185 | 0.6436 | 0.7963 |
| Announcement Date | 2/11/20 | 4/30/21 | 3/17/22 | 3/2/23 | 3/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|
| Net sales | - | 97.99 | - | - | 109.2 | - |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | 25.64 | 28.02 | 21.29 | - | - | 32.93 |
| Operating Margin | - | 28.59% | - | - | - | - |
| Earnings before Tax (EBT) | 27.01 | - | - | 20.47 | 31.3 | - |
| Net income 1 | 11.89 | - | - | 15.86 | 25.51 | 24.6 |
| Net margin | - | - | - | - | 23.37% | - |
| EPS | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 5/12/22 | 8/11/22 | 11/19/22 | 5/11/23 | 8/10/23 | 11/16/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,206 | 4,914 | 2,209 | 4,386 | - | 5,618 | 6,300 | 6,923 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 25.64 x | 31.91 x | 13.47 x | 33.62 x | - | 36.22 x | 34.89 x | 31.79 x |
| Free Cash Flow 1 | 87 | 551 | -79.2 | - | - | -527 | -519 | -519 |
| ROE (net income / shareholders' equity) | 12.2% | 7.39% | 7.91% | 6.95% | - | 7.85% | 9.22% | 10.6% |
| ROA (Net income/ Total Assets) | 2.18% | 1.22% | 1.42% | 1.38% | - | 1.35% | 1.44% | 1.55% |
| Assets 1 | 6,508 | 6,548 | 6,996 | 6,537 | - | 7,177 | 8,467 | 9,815 |
| Book Value Per Share 2 | 26.90 | 26.20 | 27.90 | 28.70 | - | 27.50 | 29.70 | 32.30 |
| Cash Flow per Share 2 | 2.360 | - | -1.550 | - | - | -10.60 | -6.690 | -2.760 |
| Capex 1 | 22.3 | 17.3 | 7.13 | - | - | 10.2 | 10.3 | 10.5 |
| Capex / Sales | 4.25% | 3.04% | 1.36% | - | - | 1.49% | 1.41% | 1.29% |
| Announcement Date | 2/11/20 | 4/30/21 | 3/17/22 | 3/2/23 | 3/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
21.9
EUR
Average target price
32.46
EUR
Spread / Average Target
+48.22%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -12.57% | 1.08B | |
| +59.08% | 24.77B | |
| +57.87% | 7.09B | |
| +5.36% | 5.58B | |
| +0.98% | 4.8B | |
| +6.06% | 4.53B | |
| +36.96% | 4.35B | |
| +46.76% | 3.29B | |
| +10.98% | 2.59B | |
| +15.50% | 1.73B |
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