Grenke AG (GLJ) - Net Assets
Based on the latest financial reports, Grenke AG (GLJ) has net assets worth €1.41 Billion EUR (≈ $1.65 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.81 Billion ≈ $10.31 Billion USD) and total liabilities (€7.40 Billion ≈ $8.66 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Grenke AG liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.41 Billion |
| % of Total Assets | 16.0% |
| Annual Growth Rate | 11.2% |
| 5-Year Change | 10.9% |
| 10-Year Change | 124.02% |
| Growth Volatility | 8.43 |
Grenke AG - Net Assets Trend (2005–2024)
This chart illustrates how Grenke AG's net assets have evolved over time, based on quarterly financial data. Also explore how large is Grenke AG's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Grenke AG (2005–2024)
The table below shows the annual net assets of Grenke AG from 2005 to 2024. For live valuation and market cap data, see market cap of Grenke AG.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.32 Billion ≈ $1.55 Billion |
-2.34% |
| 2023-12-31 | €1.35 Billion ≈ $1.58 Billion |
+1.70% |
| 2022-12-31 | €1.33 Billion ≈ $1.56 Billion |
+4.98% |
| 2021-12-31 | €1.27 Billion ≈ $1.48 Billion |
+6.36% |
| 2020-12-31 | €1.19 Billion ≈ $1.39 Billion |
-4.46% |
| 2019-12-31 | €1.25 Billion ≈ $1.46 Billion |
+14.87% |
| 2018-12-31 | €1.09 Billion ≈ $1.27 Billion |
+26.91% |
| 2017-12-31 | €856.57 Million ≈ $1.00 Billion |
+24.06% |
| 2016-12-31 | €690.42 Million ≈ $807.17 Million |
+16.89% |
| 2015-12-31 | €590.65 Million ≈ $690.54 Million |
+19.81% |
| 2014-12-31 | €492.99 Million ≈ $576.35 Million |
+12.18% |
| 2013-12-31 | €439.46 Million ≈ $513.78 Million |
+25.21% |
| 2012-12-31 | €350.97 Million ≈ $410.32 Million |
+10.49% |
| 2011-12-31 | €317.66 Million ≈ $371.37 Million |
+10.38% |
| 2010-12-31 | €287.77 Million ≈ $336.44 Million |
+9.47% |
| 2009-12-31 | €262.88 Million ≈ $307.34 Million |
+6.68% |
| 2008-12-31 | €246.41 Million ≈ $288.08 Million |
+8.95% |
| 2007-12-31 | €226.17 Million ≈ $264.41 Million |
+12.14% |
| 2006-12-31 | €201.68 Million ≈ $235.79 Million |
+14.50% |
| 2005-12-31 | €176.14 Million ≈ $205.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Grenke AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2826.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €849.34 Million | 63.25% |
| Common Stock | €46.50 Million | 3.46% |
| Other Comprehensive Income | €4.51 Million | 0.34% |
| Other Components | €442.47 Million | 32.95% |
| Total Equity | €1.34 Billion | 100.00% |
Grenke AG Competitors by Market Cap
The table below lists competitors of Grenke AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Himalaya Shipping Ltd.
NYSE:HSHP
|
$630.66 Million |
|
Seoul Semiconductor Co. Ltd
KQ:046890
|
$630.83 Million |
|
Wereldhav B-Sicafi
BR:WEHB
|
$631.16 Million |
|
Jiangsu Changqing Agrochemical Co Ltd
SHE:002391
|
$631.17 Million |
|
Südwestdeutsche Salzwerke AG
F:SSH
|
$630.45 Million |
|
Zhewen Pictures Group Co Ltd
SHG:601599
|
$630.05 Million |
|
Thanh Thanh Cong Tay Ninh JSC
VN:SBT
|
$629.79 Million |
|
WhiteFiber, Inc. Ordinary Shares
NASDAQ:WYFI
|
$629.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grenke AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,368,978,000 to 1,342,822,000, a change of -26,156,000 (-1.9%).
- Net income of 75,944,000 contributed positively to equity growth.
- Dividend payments of 21,628,000 reduced retained earnings.
- Share repurchases of 55,551,000 reduced equity.
- Other comprehensive income decreased equity by 6,363,000.
- Other factors decreased equity by 18,558,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €75.94 Million | +5.66% |
| Dividends Paid | €21.63 Million | -1.61% |
| Share Repurchases | €55.55 Million | -4.14% |
| Other Comprehensive Income | €-6.36 Million | -0.47% |
| Other Changes | €-18.56 Million | -1.38% |
| Total Change | €- | -1.91% |
Book Value vs Market Value Analysis
This analysis compares Grenke AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.44x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.96x to 0.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | €4.30 | €12.72 | x |
| 2006-12-31 | €4.91 | €12.72 | x |
| 2007-12-31 | €5.51 | €12.72 | x |
| 2008-12-31 | €6.00 | €12.72 | x |
| 2009-12-31 | €6.40 | €12.72 | x |
| 2010-12-31 | €7.01 | €12.72 | x |
| 2011-12-31 | €7.74 | €12.72 | x |
| 2012-12-31 | €8.55 | €12.72 | x |
| 2013-12-31 | €10.06 | €12.72 | x |
| 2014-12-31 | €11.15 | €12.72 | x |
| 2015-12-31 | €13.34 | €12.72 | x |
| 2016-12-31 | €15.59 | €12.72 | x |
| 2017-12-31 | €19.33 | €12.72 | x |
| 2018-12-31 | €23.93 | €12.72 | x |
| 2019-12-31 | €26.94 | €12.72 | x |
| 2020-12-31 | €26.26 | €12.72 | x |
| 2021-12-31 | €27.95 | €12.72 | x |
| 2022-12-31 | €29.28 | €12.72 | x |
| 2023-12-31 | €29.44 | €12.72 | x |
| 2024-12-31 | €28.88 | €12.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grenke AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.27%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 6.12x
- Recent ROE (5.66%) is below the historical average (10.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 13.45% | 34.52% | 0.07x | 5.91x | €8.50 Million |
| 2009 | 9.36% | 28.28% | 0.06x | 5.71x | €-1.68 Million |
| 2010 | 9.67% | 27.78% | 0.06x | 5.81x | €-941.30K |
| 2011 | 12.36% | 32.60% | 0.06x | 6.20x | €7.49 Million |
| 2012 | 12.10% | 3.67% | 0.49x | 6.70x | €7.36 Million |
| 2013 | 10.70% | 3.62% | 0.49x | 6.00x | €3.07 Million |
| 2014 | 13.19% | 4.42% | 0.50x | 5.93x | €15.75 Million |
| 2015 | 13.69% | 4.65% | 0.50x | 5.88x | €21.78 Million |
| 2016 | 14.95% | 5.22% | 0.50x | 5.75x | €34.19 Million |
| 2017 | 14.59% | 5.13% | 0.50x | 5.65x | €39.33 Million |
| 2018 | 12.06% | 4.51% | 0.49x | 5.41x | €22.40 Million |
| 2019 | 11.38% | 21.07% | 0.09x | 5.72x | €17.18 Million |
| 2020 | 7.69% | 14.21% | 0.09x | 6.02x | €-28.15 Million |
| 2021 | 7.66% | 16.36% | 0.09x | 5.13x | €-30.41 Million |
| 2022 | 6.64% | 14.72% | 0.10x | 4.71x | €-45.76 Million |
| 2023 | 6.74% | 13.43% | 0.10x | 5.19x | €-44.58 Million |
| 2024 | 5.66% | 9.27% | 0.10x | 6.12x | €-58.34 Million |
Industry Comparison
This section compares Grenke AG's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $6,803,475,648
- Average return on equity (ROE) among peers: 4.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grenke AG (GLJ) | €1.41 Billion | 13.45% | 5.25x | $630.58 Million |
| Yiren Digital Ltd (19YA) | $8.09 Billion | 25.73% | 0.27x | $122.70 Million |
| Qudian Inc (1QU) | $11.69 Billion | 0.33% | 0.07x | $236.46 Million |
| Yixin Group Limited (1YX) | $14.64 Billion | 0.20% | 0.88x | $1.60 Billion |
| CREDIT CORP. GROUP LTD. (2RC) | $825.67 Million | 6.14% | 0.60x | $444.96 Million |
| HANHUA FNCL HLDG CO.H YC1 (5HF) | $8.04 Billion | 0.95% | 0.54x | $11.63 Million |
| Genertec Universal Medical Group Company Limited (5UM) | $20.37 Billion | 10.36% | 2.94x | $1.41 Billion |
| PREMIA FINANCE O.N. (81U) | $2.89 Million | 20.84% | 0.56x | $1.64 Million |
| SY HOLDINGS GROUP HD-01 (9U0) | $4.12 Billion | 5.32% | 1.76x | $1.10 Billion |
| ALBIS Leasing AG (ALG) | $6.63 Million | -16.84% | 17.44x | $60.62 Million |
| Brockhaus Capital Management AG (BKHT) | $254.92 Million | -6.23% | 1.41x | $171.34 Million |
About Grenke AG
Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. The company is involved in the financing for commercial lessees; leasing, services, protection, and maintenance offers, as well as the resale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, m… Read more