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Last €120.63 EUR
Change Today +1.52 / 1.27%
Volume 8.7K
GLJ On Other Exchanges
Symbol
Exchange
Xetra
OTC US
As of 3:25 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

grenkeleasing ag (GLJ) Snapshot

Open
€120.66
Previous Close
€119.11
Day High
€121.50
Day Low
€119.05
52 Week High
04/22/15 - €123.05
52 Week Low
10/16/14 - €70.31
Market Cap
1.8B
Average Volume 10 Days
11.4K
EPS TTM
€4.41
Shares Outstanding
14.8M
EX-Date
05/13/15
P/E TM
27.4x
Dividend
€1.10
Dividend Yield
0.83%
Current Stock Chart for GRENKELEASING AG (GLJ)

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grenkeleasing ag (GLJ) Details

GrenkeLeasing AG provides lease financing for IT products primarily in Germany, France, and Italy. The company operates through Leasing, Banking, and Factoring segments. Its activities include the leasing of various types of movable assets; management of lease contracts for third parties; broking of property insurance for leased assets; purchase and management of receivables from and for third parties; banking business; and other related transactions. The company focuses on providing small-ticket lease financing for IT products, such as PCs, notebooks, servers, monitors, peripheral devices, software, telecommunication and copier equipment, and other IT products. It also finances business start-ups and provides development funds for business investments; and offers car leasing services. The company provides its products to small and medium-sized enterprises through sales team and manufacturers of IT products, as well as through online. GrenkeLeasing AG was founded in 1978 and is headquartered in Baden-Baden, Germany.

874 Employees
Last Reported Date: 02/3/15
Founded in 1978

grenkeleasing ag (GLJ) Top Compensated Officers

Chairman of the Board of Directors and Chief ...
Total Annual Compensation: €621.7K
Chief Financial Officer and Director
Total Annual Compensation: €441.8K
Chief Operating Officer and Director
Total Annual Compensation: €314.9K
Deputy Chairman of the Board of Directors and...
Total Annual Compensation: €393.0K
Chief Sales Officer and Director
Total Annual Compensation: €334.3K
Compensation as of Fiscal Year 2014.

grenkeleasing ag (GLJ) Key Developments

GrenkeLeasing AG Reports Consolidated Earnings Results for the Year 2014; Provides Consolidated Earnings Guidance for the Year 2015; Proposes Dividend for the Fiscal Year 2014

GrenkeLeasing AG reported consolidated earnings results for the year 2014. For the year, the company announced net profit of EUR 65.0 million corresponds to growth of 38.3% after EUR 47.0 million in the previous year. Net interest income increases 20.7% to EUR 157.5 million. The economic result of EUR 150.2 million represents a growth rate of 40.2% over the previous year's level of EUR 107.3 million. This performance was largely supported by the large amount of high-margin new business attained in recent years and by the income that accrues as the leases progress. Interest income rose 12.1% to EUR 211.6 million compared to EUR 188.8 million a year ago. This, in turn, led to a pleasing 20.7% rise in net interest income to EUR 157.5 million compared to EUR 130.5 million a year ago. The total income from operating business grew 19.7% to EUR 192.9 million compared to EUR 161.2 million a year ago. The significant growth in earnings helped strengthen equity base. The Supervisory Board and the Board of Directors plan to propose a dividend of EUR 1.10 per share for fiscal year 2014 to the Annual General Meeting of company on May 12, 2015. The previous year's dividend was EUR 1.00 per share. For the year 2015, consolidated group net profit is expected in the range of EUR 71 million to 75 million. The company expects earnings to continue increasing during the 2015 fiscal year based on the strong momentum of new business in leasing seen over the last few years, which will result in higher interest income.

Grenkeleasing Plans to Expand in Asia

Grenkeleasing announced that the company plans to expand in Asia. The company should start thinking about expanding to countries such as Singapore, South Korea, Japan, but also Australia and New Zealand, adding the expansion would happen step by step. Currently, Grenkeleasing is active in Europe, Canada, Chile, Brazil, Turkey and Dubai.

GrenkeLeasing Provides Earnings Guidance for the Full Year 2014

GrenkeLeasing provided earnings guidance for the full year 2014. For the year, the company raised its full-year net profit guidance and expected net profit in to be between EUR 62 million and EUR 64 million, compared with the previous projection of a profit of around EUR 56 million.

 

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Industry Analysis

GLJ

Industry Average

Valuation GLJ Industry Range
Price/Earnings 24.3x
Price/Sales 5.2x
Price/Book 3.2x
Price/Cash Flow 22.3x
TEV/Sales NM Not Meaningful
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