Scout24 AG (DE:G24)
XETRA:G24
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Scout24
(XETRA:G24)
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Rating:68Neutral
Price Target:
€69.00
▲(5.50% Upside)
Action:ReiteratedDate:03/27/26
The score is supported primarily by strong financial performance (steady growth, high profitability, conservative leverage, and robust free cash flow). This is meaningfully weighed down by weak technicals (below key moving averages with negative MACD and weak momentum) and a demanding valuation (high P/E), only partly offset by the dividend yield.
Positive Factors
Free Cash Flow Strength
Consistent and rising free cash flow across 2020–2025 provides durable internal funding for product investment, share returns or M&A. Strong cash conversion relative to net income improves earnings quality and gives management flexibility through cycles, supporting resilience.
Negative Factors
Margin Volatility
Year-to-year swings in profitability margins weaken predictability of operating leverage and complicate long-term planning. Persistent margin volatility can signal sensitivity to pricing, product mix or cost control, making sustainable margin improvement harder to crystallize.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Consistent and rising free cash flow across 2020–2025 provides durable internal funding for product investment, share returns or M&A. Strong cash conversion relative to net income improves earnings quality and gives management flexibility through cycles, supporting resilience.
Read all positive factors
Scout24 (G24) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€4.67B
Dividend Yield1.54%
Average Volume (3M)281.77K
Price to Earnings (P/E)25.8
Beta (1Y)0.45
Revenue Growth12.58%
EPS Growth4.41%
CountryDE
Employees1,066
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.92
Shares Outstanding73,500,000
10 Day Avg. Volume188,179
30 Day Avg. Volume281,769
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)4.19
Price to Sales (P/S)9.53
P/FCF Ratio22.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€103.50Price Target Upside58.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)3.82
Revenue Forecast (FY)€759.04M
Scout24 Business Overview & Revenue Model
Company Description
Scout24 SE operates ImmoScout24, a digital platform for the residential and commercial real estate sectors in Germany and internationally. The company offers Realtor Lead Engine and Immoverkauf24 products for selling real estate; Mortgage Lead Eng...
How the Company Makes Money
Scout24 mainly generates revenue from its real estate marketplace by monetizing access to demand (property seekers) and supply (agents/landlords/owners) via paid products. The core revenue stream is subscription- and package-based fees paid by pro...
Scout24 Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 625.70M | 649.56M | 566.34M | 509.11M | 447.54M | 389.04M |
| Gross Profit | 544.60M | 325.36M | 567.65M | 263.31M | 454.30M | 397.30M |
| EBITDA | 336.88M | 339.93M | 292.30M | 284.43M | 215.65M | 205.02M |
| Net Income | 177.32M | 240.04M | 162.10M | 178.78M | 123.53M | 90.50M |
Balance Sheet | ||||||
| Total Assets | 2.06B | 2.11B | 2.07B | 2.02B | 1.88B | 2.42B |
| Cash, Cash Equivalents and Short-Term Investments | 34.61M | 49.50M | 57.12M | 50.63M | 39.09M | 585.40M |
| Total Debt | 188.97M | 149.60M | 179.68M | 213.69M | 161.63M | 259.20M |
| Total Liabilities | 737.38M | 629.03M | 640.16M | 571.88M | 532.15M | 647.91M |
| Stockholders Equity | 1.33B | 1.48B | 1.43B | 1.45B | 1.35B | 1.77B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 280.28M | 232.11M | 176.66M | 132.32M | 106.09M |
| Operating Cash Flow | 0.00 | 281.33M | 257.02M | 200.99M | 161.92M | 135.28M |
| Investing Cash Flow | 0.00 | -39.74M | -78.27M | -70.55M | 411.88M | 1.01B |
| Financing Cash Flow | 0.00 | -247.57M | -171.72M | -121.08M | -654.76M | -1.21B |
Scout24 Technical Analysis
Negative
65.40
Price Trends
72.90
Negative
80.03
Negative
95.60
Negative
Market Momentum
-2.59
Positive
38.64
Neutral
17.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:G24, the sentiment is Negative. The current price of 65.4 is below the 20-day moving average (MA) of 68.67, below the 50-day MA of 72.90, and below the 200-day MA of 95.60, indicating a bearish trend. The MACD of -2.59 indicates Positive momentum. The RSI at 38.64 is Neutral, neither overbought nor oversold. The STOCH value of 17.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:G24.
Scout24 Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €1.51B | 3.69 | 11.82% | ― | 0.44% | ― | |
68 Neutral | €4.67B | 25.78 | 12.59% | 1.54% | 12.58% | 4.41% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | €4.23B | 3.20 | 18.02% | 4.45% | 6.91% | ― | |
58 Neutral | €2.48B | 4.09 | 7.69% | ― | -1.35% | ― | |
56 Neutral | €2.55B | 25.57 | 2.89% | 3.08% | -32.32% | ― | |
53 Neutral | €592.33M | 19.78 | ― | 4.33% | 0.23% | ― |
* Real Estate Sector Average
DE:G24
Scout24
65.40
-31.58
-32.56%
DE:LEG
LEG Immobilien
56.00
-7.57
-11.90%
DE:PAT
Patrizia Immobilien
6.90
-0.30
-4.15%
DE:TEG
T Immobilien
13.51
1.12
9.07%
DE:AT1
Aroundtown SA
2.27
-0.32
-12.26%
DE:GYC
Grand City Properties SA
9.03
-0.90
-9.02%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.