olivLaw · European equity research
GreenMobility A/S GREENM.CO
Denmark · Nasdaq Copenhagen · ISIN DK0060817898 · Vertical: Listed companies from Denmark
GreenMobility A/S is a Danish short-term car rental operator active mainly in Copenhagen. In the first half of fiscal 2026 its profitability grew faster than revenue, which matters as competition in urban rental intensifies. Revenue reached DKK 77.2 million and the EBITDA margin 37.3%.
At the close of 05 Nov 2026, GreenMobility A/S (GREENM.CO) stock was 66.40 DKK (−0.30% on the day), with market capitalisation 392.5 m DKK, P/E 11.9 on diluted EPS of 5.60 DKK over the last 12 months, beta 0.59, 52-week range 54.20–125.00 DKK.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 59.2
- strong (55–70)
- Bollinger (20, 2)
- 60.44 – 66.90
- in the upper half of the band · %B 0.92 · band width 10.1%
- SMA 50 / 200
- 64.00 / 70.87
- mixed trend
- MACD (12, 26, 9)
- 0.40 / -0.12
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +15.7% | +0.4% | +15.3 pp | — |
| 3 months | −10.0% | −3.3% | −6.8 pp | — |
| 6 months | −24.7% | +4.0% | −28.7 pp | — |
| Year to date | −46.9% | +8.1% | −55.0 pp | — |
| 1 year | −10.0% | +10.7% | −20.7 pp | −5.3% |
| 3 years | +103.7% | +50.1% | +53.6 pp | −0.6% |
| 5 years | −42.0% | +43.6% | −85.6 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 1-quarter history (min 22.3, median 22.3, max 22.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2024 | 2025 |
|---|---|---|
| Revenue | 128.2 m | 153.9 m |
| Revenue YoY | unavailable | +20.0% |
| Net income | -18.6 m | 33.2 m |
| Net income YoY | unavailable | unavailable |
| Diluted EPS | -3.35 | 5.60 |
| Diluted EPS YoY | unavailable | unavailable |
| net % | -14.5% | 21.5% |
| Free cash flow | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 16.5 m DKK
- Financial debt
- unavailable DKK
- Net debt
- unavailable DKK
- Equity
- 35.6 m DKK
- Total assets
- 162.4 m DKK
- Debt / equity
- unavailable
- Current ratio
- 0.62x
- ROE
- 176.0%
- ROA
- 20.1%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (DKK)
Margins
Income statement · DKK
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Revenue | 128.2 m | 153.9 m | esef· 12 May 2026verified |
| Gross profit | 58.4 m | 79.4 m | esef· 12 May 2026verified |
| Operating income | 10.6 m | 26.2 m | esef· 12 May 2026verified |
| Depreciation & amortisation | 23.8 m | 27.9 m | esef· 12 May 2026verified |
| EBITDA | 34.5 m ≈ | 54.0 m ≈ | esef· 12 May 2026derived |
| Interest expense | 10.6 m | 8.0 m | esef· 12 May 2026verified |
| Pre-tax income | 29.0 k | 18.1 m | esef· 12 May 2026verified |
| Income tax | -8.4 m | -15.0 m | esef· 12 May 2026verified |
| Net income | -18.6 m | 33.2 m | esef· 12 May 2026verified |
| Diluted EPS | -3.35 | 5.60 | esef· 12 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · DKK
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Cash | 9.5 m | 16.5 m | esef· 12 May 2026verified |
| Inventories | 3.1 m | 2.6 m | esef· 12 May 2026verified |
| Current assets | 26.2 m | 33.5 m | esef· 12 May 2026verified |
| Total assets | 167.0 m | 162.4 m | esef· 12 May 2026verified |
| Current liabilities | 101.9 m | 53.8 m | esef· 12 May 2026verified |
| Total liabilities | 164.9 m | 126.8 m | esef· 12 May 2026verified |
| Equity | 2.1 m | 35.6 m | esef· 12 May 2026verified |
| Shares outstanding at year end | 5.4 m | 5.9 m | esef· 21 Jul 2026derived |
Cash flow · DKK
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 27.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 392.5 m DKK
Key indicators
Coverage and freshness
Score by group
27% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 21.5% | 79 (vs peers) | 23% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 3.3x | 27 (on a fixed band) | 23% |
| Current ratio · Balance sheet | 0.6x | 0 (on a fixed band) | 15% |
| P/E (TTM) · Valuation | 11.9x | 77 (vs peers) | 38% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet16/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial79/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial77/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
GreenMobility A/S (GREENM.CO). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 153.9 m DKK in 2025; YoY growth 20.0%; net margin 21.5%; ROE 74.3%.
The estimated value range is 67.42–132.81 DKK per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 75.39 DKK, the price of 66.40 DKK leaves a potential of 13.5% (value / price − 1) and a margin of safety of 11.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 21.5%
- P/E (TTM): 11.9x
- The price is below the estimated value range
What contradicts it
- Interest coverage: 3.3x
- Current ratio: 0.6x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Denmark · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| DEMANT.CODemant A | 79.7 bn | 51.6 | 15.0% | 6.7% | +2.5% | +72% / +30% |
| PNDORA.COPandora A | 68.8 bn | 13.2 | 133.4% | 16.1% | unavailable | +16% / −3% |
| NEWCAP.CONewcap Holding A | 65.3 bn | 13,125.0 | 29.1% | 41.6% | −99.9% | +121% / +62% |
| ISS.COIss A | 50.8 bn | 19.8 | 27.7% | 3.1% | +1.1% | +43% / +158% |
| BAVA.COBavarian Nordic A | 19.2 bn | 13.9 | 10.9% | 22.0% | unavailable | +33% / +47% |
| GN.COGn Store Nord A | 18.1 bn | 27.7 | 6.3% | 6.8% | unavailable | +20% / −23% |
| NETC.CONetcompany Group A | 16.8 bn | 66.2 | 7.2% | 3.3% | unavailable | +11% / +64% |
| BIOMAR.COBiomar Group A | 12.1 bn | 16.9 | 28.3% | 4.3% | −0.5% | unavailable / unavailable |
| JDAN.COJeudan A | 11.1 bn | 11.1 | 7.7% | 57.1% | unavailable | +2% / −7% |
| DFDS.CODfds A | 8.7 bn | — | -0.2% | -0.1% | +1.9% | +73% / −25% |
| GUBRA.COGubra A | 4.8 bn | 2.9 | 149.6% | 64.1% | +892.2% | −40% / +157% |
| MATAS.COMatas A | 3.1 bn | 12.9 | 6.6% | 2.8% | +4.7% | −31% / −21% |
| CBRAIN.COCbrain A | 2.4 bn | 54.7 | 13.8% | 17.2% | −6.2% | −21% / −52% |
| BO.COBang & Olufsen A | 1.7 bn | — | -10.0% | -4.3% | −3.3% | −24% / +12% |
| COLUM.COColumbus A | 1.2 bn | 84.0 | 2.0% | 0.9% | unavailable | −5% / +30% |
| NNIT.CONnit A | 1.0 bn | — | -3.0% | -1.3% | −3.4% | −16% / −54% |
| NORTHM.CONorth Media A | 873.1 m | 13.2 | 5.5% | 5.1% | −0.4% | +11% / −16% |
| FFARMS.COFirstfarms A | 789.8 m | — | -2.3% | -5.4% | −16.5% | −9% / −1% |
| HUSCO.COHusCompagniet A | 507.2 m | — | -1.3% | -0.9% | +28.7% | −41% / −46% |
| BIOPOR.COBioporto A | 456.2 m | — | -117.6% | -203.8% | +11.2% | −8% / −53% |
| GABR.COGabriel Holding A | 429.4 m | 57.5 | 2.8% | 1.4% | +6.7% | −10% / −29% |
| GREENM.COGreenMobility A | 392.5 m | 11.9 | 74.3% | 21.5% | +20.0% | −19% / +91% |
| EGNETY.COEgnsinvest Ejendomme Tyskland A | 320.0 m | 13.0 | 4.0% | 40.9% | −2.6% | −21% / +11% |
| PFINV.COPapirfabrikken Invest A | 300.9 m | 13.5 | 5.4% | 29.7% | +0.9% | −3% / +36% |
| CEMAT.COCemat A | 213.9 m | 3.5 | 28.7% | 37.5% | +318.0% | −9% / +3% |
1- and 3-year price returns: for GREENM.CO from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (DKK)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 43.47 Total return -35% · Per year -35% | 76.50 Total return 15% · Per year 15% | 114.74 Total return 73% · Per year 73% |
| 3 years | 51.56 Total return -22% · Per year -8% | 101.17 Total return 52% · Per year 15% | 165.23 Total return 149% · Per year 36% |
| 5 years | 61.16 Total return -8% · Per year -2% | 133.79 Total return 101% · Per year 15% | 237.93 Total return 258% · Per year 29% |
- Exit P/E± 25.29
- Net margin± 17.70
- Annual revenue growth± 13.20
- Annual dilution± 1.49
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
GreenMobility A/S is a Danish short-term car rental operator active mainly in Copenhagen. In the first half of fiscal 2026 its profitability grew faster than revenue, which matters as competition in urban rental intensifies. Revenue reached DKK 77.2 million and the EBITDA margin 37.3%.
SWOT
Strengths
- Growing profitability: EBITDA and net profit grew faster than revenue, and the EBITDA margin improved significantly 1.
- Cash flow positive operation, allowing investment in the fleet and customer experience 1.
- Strengthening balance sheet, with reduction of asset debt that could support operating costs over the long term 1.
Weaknesses
- Activity is concentrated in one segment and one geographic market, increasing exposure to local developments 1.
- Dependence on the fleet and on used car values exposes the company to cost and asset value fluctuations 1.
- Revenue growth remained modest compared with profit growth, indicating reliance on cost efficiency 1.
Opportunities
Risks
- Financing costsmedium
Rising interest rates could increase the financing costs of the fleet funded through loans and leases, which could reduce profitability 1.
- Used car pricesmedium
The company is exposed to used car market price developments, which influence the recovery value of the fleet 1.
- General operating costsmedium
Rising costs for electricity, spare parts and other operating items could affect the company's margins 1.
- Intensifying competitionhigh
Rising supply from the Copenhagen taxi sector could reduce demand and pressure prices, with the demand impact still unclear 1.
- Urban restrictionslow
Temporary restrictions in central city zones may limit car availability and reduce fleet utilisation 1.
Investment thesis
What would need to be true (bull case)
- If profit growth persists alongside reduced asset debt, the company could strengthen its margins over the long term 1.
- Positive cash flow could allow continued investment in the fleet and customer experience, which could support future growth 1.
- Net profit growth well ahead of revenue growth could indicate operating efficiency gains taking hold 1.
What would break the thesis
- The Copenhagen taxi supply increase could intensify competition and reduce demand for the company's rentals 1.
- Revenue growth remains modest, and part of the improvement in results could stem from costs rather than volume 1.
- Exposure to interest rates and used car prices could erode margins if these costs rise 1.
What to watch
- Development of taxi supply in Copenhagen and its impact on demandnext half-year report
- Evolution of asset debt and operating costsnext half-year report
- Outcome of the treasury share buyback programmeQ3 2026
- Evolution of interest rates and used car prices2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
GreenMobility A/S offers short-term car rental services with a fleet managed directly by the company. According to the interim report for H1 2026, all revenue comes from car rental services in Denmark 1. The company reports H1 2026 revenue at DKK 77.2 million, versus DKK 74.2 million in H1 2025 1.
The cost structure is dominated by the fleet and operating costs. The company shows cars as the main component of non-current assets, and management aims to reduce asset debt, which could lower operating costs over time 1.
Management describes the operation as cash flow positive, enabling investment in customer experience and the fleet 1. The company also launched a share buyback of up to DKK 6 million, running to 1 August 2026 1.
Segments
Market context
The company operates in the urban car rental market in Copenhagen. The report states that the Copenhagen taxi market will see a notable increase in supply, which is expected to intensify competition; the impact on demand cannot yet be fully quantified 1. Used car prices and interest rates are cost factors that indirectly shape the market 1.
Urban mobility operators in Copenhagen face temporary constraints on car availability in certain central zones, which affects fleet utilisation 1. These conditions could shift demand in the short term.
Trends
- Rising taxi supply in Copenhagenheadwind
The report anticipates a notable increase in taxi supply in Copenhagen, which could intensify competition and affect demand for GreenMobility rentals 1.
- Temporary restrictions in urban zonesheadwind
Temporary restrictions in certain central Copenhagen zones limit car availability and utilisation, which could reduce revenue in the short term 1.
- Reduction of asset debttailwind
Management continues to reduce asset debt; if the trend holds, operating costs could fall over time, supporting margins 1.
- Financing costs and used car pricesmixed
Rising interest rates and used car price developments are risks the company monitors, and the net effect depends on their evolution 1.
Competitive position
The report does not name competitors. It only mentions the intensification of competition from the Copenhagen taxi sector as supply rises 1. Other forms of urban transport exist in the city, but the source does not detail them.
The exact degree of competitive pressure cannot be estimated from the report, since the impact on demand is not yet fully quantifiable, which adds uncertainty to the guidance range 1.
- Copenhagen taxi operators
The report cites the Copenhagen taxi sector as a source of rising supply and intensified competition; individual operators are not identified.
- Other urban car rental services
Companies offering short-term car rental in the same urban areas may compete for the same demand, though the report does not name them.
- Shared mobility platforms
Shared mobility services in the city may attract the same urban customers, without being explicitly identified in the report.
- Public transport and other travel modes
Alternative travel options in Copenhagen may influence demand for car rentals, though the source does not detail them.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202621 Jul 2026
- Annual report 202512 May 2026
Sources
- [1] Annual report, fiscal year ended 2026-06-30 (ESEF) · SEC / GreenMobility A/S · 30 Jun 2026
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.