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Scout24
(XETRA:G24)
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Rating:68Neutral
Price Target:
€81.00
▲(12.73% Upside)
Action:Reiterated
Date: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
Robust free cash flow generation
Sustained, materially rising operating and free cash flow through 2025 supports durable internal funding for product development, buybacks/dividends, and M&A without heavy reliance on external financing. That cash-conversion profile underpins earnings quality and resilience across cycles.
Negative Factors
Margin inconsistency
Variable operating and net margins suggest exposure to pricing pressure, product-mix shifts, or cost volatility. Persistent margin swings hinder predictable cash flow and make long-term margin expansion harder to rely on when planning reinvestment or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust free cash flow generation
Sustained, materially rising operating and free cash flow through 2025 supports durable internal funding for product development, buybacks/dividends, and M&A without heavy reliance on external financing. That cash-conversion profile underpins earnings quality and resilience across cycles.
Read all positive factors
Scout24 (G24) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€5.29B
Dividend Yield1.54%
Average Volume (3M)281.77K
Price to Earnings (P/E)20.5
Beta (1Y)0.45
Revenue Growth14.69%
EPS Growth50.18%
CountryDE
Employees1,111
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)3.61
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
€106.14Price Target Upside47.72% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)4
Revenue Forecast (FY)€763.52M
Scout24 Business Overview & Revenue Model
Company Description
Scout24 SE manages ImmoScout24, its premier digital platform serving both residential and commercial property sectors across Germany and internationally. The company delivers a diverse range of solutions, including Realtor Lead Engine and Immoverk...
How the Company Makes Money
Scout24 primarily generates revenue by monetizing its real estate marketplace (ImmobilienScout24) through subscription and advertising-based products sold to professional real estate customers and, to a lesser extent, through services purchased by...
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 | 666.46M | 649.56M | 566.34M | 509.11M | 447.54M | 389.04M |
| Gross Profit | 369.16M | 325.36M | 567.65M | 263.31M | 454.30M | 397.30M |
| EBITDA | 375.15M | 339.93M | 292.30M | 284.43M | 215.65M | 205.02M |
| Net Income | 258.54M | 240.04M | 162.10M | 178.78M | 123.53M | 90.50M |
Balance Sheet | ||||||
| Total Assets | 2.22B | 2.11B | 2.07B | 2.02B | 1.88B | 2.42B |
| Cash, Cash Equivalents and Short-Term Investments | 26.50M | 49.50M | 57.12M | 50.63M | 39.09M | 585.40M |
| Total Debt | 41.70M | 149.60M | 179.68M | 213.69M | 161.63M | 259.20M |
| Total Liabilities | 775.20M | 629.03M | 640.16M | 571.88M | 532.15M | 647.91M |
| Stockholders Equity | 1.45B | 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
Positive
71.85
Price Trends
72.73
Positive
70.06
Positive
78.33
Negative
Market Momentum
0.28
Positive
53.08
Neutral
65.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:G24, the sentiment is Positive. The current price of 71.85 is below the 20-day moving average (MA) of 73.44, below the 50-day MA of 72.73, and below the 200-day MA of 78.33, indicating a neutral trend. The MACD of 0.28 indicates Positive momentum. The RSI at 53.08 is Neutral, neither overbought nor oversold. The STOCH value of 65.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:G24.
Scout24 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | €640.40M | 29.27 | 2.21% | 4.33% | 2.47% | 72.49% | |
68 Neutral | €5.29B | 20.53 | 19.10% | 1.54% | 14.69% | 50.18% | |
64 Neutral | €1.52B | 3.65 | 11.65% | ― | 0.72% | 89.13% | |
61 Neutral | €4.02B | 3.05 | 15.43% | 4.45% | 2.65% | 408.35% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €17.83B | 5.11 | 13.06% | 5.08% | -20.27% | ― |
* General Sector Average
DE:G24
Scout24
74.10
-42.40
-36.40%
DE:LEG
LEG Immobilien
52.25
-15.27
-22.61%
DE:PAT
Patrizia Immobilien
7.46
-0.08
-1.11%
DE:VNA
Vonovia
21.01
-5.36
-20.34%
DE:GYC
Grand City Properties SA
9.08
-1.60
-14.96%
DE:A4Y0
Accentro Real Estate AG
54.00
53.85
35900.00%
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.