Grenkeleasing AG is a Germany-based leasing company. The Company divides its business activities into three business segments: Leasing, Banking and Factoring. The Leasing segment provides financing to commercial leasing, rental, insurance, service, and maintenance offerings, as well as the disposal of used equipment. The Banking segment comprises the activities of GRENKE BANK AG, which is a financing partner particularly to small and medium-sized companies, in addition to the provision of financing in the context of business start-ups, as well as fixed-term deposits with main focus on German customers. The Factoring segment contains the activities of GRENKEFACTORING GmbH, which performs traditional factoring services, focusing on small-ticket factoring in Germany. The Company is represented by its subsidiaries, branch offices as well as franchise system in Europe.
Market: SDAX
Fair value: 200€
Discount: 15%Average yearly return: 30%
Yield: 0.8%
Marketperformer
Buy
On April 28 Grenke reported:
* Net interest income in first three months of 2016 climbs 16.4 pct to 51.8 million euros ($58.70 million) (previous year: 44.5 million euros)
* Consolidated group net profit in first three months of 2016 climbs 22.4 pct to 22.5 million euros compared to 18.4 million euros in previous year
* Q1 operating result increased 22.2 pct to 30.5 million euros after 25.0 million euros in first three months of 2015
* Fully reconfirms 2016 forecast for net profit in range of 93 million euros - 98 million euros
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