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Glunz & Jensen Holding A/S

GJ.CO
33
Industrial - Machinery · Industrials
Price
kr 83.50
+6.00 (+7.74%)
Market Cap
kr 152.1M
Exchange
NASDAQ Copenhagen
Winston Score
33
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 13, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Data not available
Stability
Mixed
Valuation
Mixed

Winston Score History

The full picture

Glunz & Jensen is a Danish company that makes specialized equipment for the printing and packaging industries. Its core products include plate processors, exposure units, and related chemistry used to prepare printing plates — the tools that commercial printers and packaging companies need before they can actually print anything. The company sells to print shops, newspaper publishers, and packaging manufacturers around the world.

Glunz & Jensen earns revenue by selling hardware equipment and consumables like chemicals, with some recurring income from service and spare parts. It operates globally, with a strong presence in Europe and sales into North America and Asia, though it is a relatively small player with a market cap around $200 million. Its competitive position rests on decades of specialized expertise in prepress equipment, but the business faces a structural risk: traditional offset printing volumes have been declining for years as digital media grows, which puts long-term pressure on demand for its core products.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+109.1% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+260.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$753,000/ year

Declining (-49% vs prior year)

0.5% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

20.3%ownership

Insiders own a meaningful stake in the company

Cash Runway

5+ years

Quarterly Free Cash Flow

↑ Burn rate improving

$153M cash & investments at current burn rate

Revenue accelerating

Glunz & Jensen Holding A/S grew revenue 109% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 3y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 1.8M (2022) → 1.8M (2025)

Score breakdown

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Quality

Gross Margin
28.8%
Modest — 28.8% gross margin
Operating Margin
10.6%
Modest — 10.6% operating margin
ROCE
4.0%
Weak — 4.0% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
N/A
Data not available
EPS YoY
N/A
Data not available
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
N/A
Data not available

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Stability

Debt / Equity
0.64
Moderate — manageable debt (0.64)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
17.9x
Fair value — P/E 17.9

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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