Scout24 (G24) AI Stock Analysis

• Market Cap: €7.23B
• Dividend Yield: 1.51%
• Average Volume (3M): 281.77K
• Price to Earnings (P/E): 40.6
• Beta (1Y): 0.50
• Revenue Growth: 12.58%
• EPS Growth: 4.41%
• Country: DE
• Employees: 1,066
• Sector: Services
• Sector Strength: N/A
• Industry: Real Estate - Services
• EPS (TTM): 1.41
• Shares Outstanding: 75,000,000
• 10 Day Avg. Volume: 188,179
• 30 Day Avg. Volume: 281,769
• PEG Ratio: -4.44
• Price to Book (P/B): 4.35
• Price to Sales (P/S): 10.99
• P/FCF Ratio: 26.82
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €127.55
• Price Target Upside: 43.88% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: €95.00 ▲(7.16% Upside)

Scout24's overall stock score is primarily driven by its strong financial performance, including significant revenue growth and robust cash flow generation. However, the technical analysis indicates bearish momentum, and the valuation suggests the stock may be overvalued, which tempers the overall score.

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 Engine, a product to finance real estate; FLOWFACT and Propstack, a CRM software solution for real estate agents; and TenantPlus+ provides rental properties. In addition, BuyerPlus+ for users looking to buy properties; and Vermietet.de: a cloud-based software solution. The company was formerly known as Scout24 AG and changed its name to Scout24 SE in October 2021. Scout24 SE was founded in 1998 and is headquartered in Munich, Germany.

How the Company Makes Money

Scout24 generates revenue primarily through subscription fees, advertising, and transaction-based models. Real estate agents and developers pay for premium listings and advertising space on ImmobilienScout24, which provides them with enhanced visibility to potential buyers. Similarly, car dealerships and private sellers pay for listings and promotional services on AutoScout24. The company also earns revenue from additional services, such as lead generation and analytics tools for real estate professionals. Significant partnerships with various stakeholders in the real estate and automotive industries further bolster Scout24's earnings by increasing platform usage and attracting a broader audience.

Scout24 Financial Statement Overview

Summary

Scout24's financial performance is strong, characterized by significant revenue growth, high gross profit margins, and conservative leverage. While the net profit margin could be improved, the robust cash flow generation and low debt levels present a stable financial outlook. The company is well-positioned to capitalize on growth opportunities in the real estate industry.

Income Statement

Scout24 has demonstrated strong revenue growth with a 15.64% increase from 2023 to 2024, driven by effective strategies in the real estate sector. The gross profit margin improved significantly to 82.42%, indicating efficient cost management. The net profit margin, however, decreased to 27.52%, suggesting increased expenses or other financial charges. Overall, the company exhibits strong profitability with room for improvement in net income efficiency.

Balance Sheet

The balance sheet reflects a solid equity position with an equity ratio of 69.10%, signifying financial stability. The debt-to-equity ratio stands at 0.13, indicating a conservative leverage approach. Return on equity is at 11.31%, showing a moderate return for shareholders. Overall, the balance sheet indicates a stable financial position with low leverage risks.

Cash Flow

Free cash flow showed robust growth of 31.41% from 2023 to 2024, highlighting the company's strong cash generation capabilities. The operating cash flow to net income ratio is 1.59, indicating efficient cash conversion. The free cash flow to net income ratio is 1.43, demonstrating strong cash retention after capital expenditures. Overall, the cash flow statement reveals a healthy cash flow situation with strong free cash flow growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	625.70M	566.34M	509.11M	447.54M	389.04M	353.82M
Gross Profit	544.60M	567.65M	263.31M	454.30M	397.30M	357.74M
EBITDA	336.88M	292.30M	284.43M	215.65M	205.02M	217.32M
Net Income	177.32M	162.10M	178.78M	123.53M	90.50M	102.43M
Balance Sheet
Total Assets	2.06B	2.07B	2.02B	1.88B	2.42B	3.52B
Cash, Cash Equivalents and Short-Term Investments	34.61M	57.12M	50.63M	39.09M	585.40M	1.74B
Total Debt	188.97M	179.68M	213.69M	161.63M	259.20M	330.93M
Total Liabilities	737.38M	640.16M	571.88M	532.15M	647.91M	706.58M
Stockholders Equity	1.33B	1.43B	1.45B	1.35B	1.77B	2.81B
Cash Flow
Free Cash Flow	0.00	232.11M	176.66M	132.32M	106.09M	47.09M
Operating Cash Flow	0.00	257.02M	200.99M	161.92M	135.28M	83.14M
Investing Cash Flow	0.00	-78.27M	-70.55M	411.88M	1.01B	1.24B
Financing Cash Flow	0.00	-171.72M	-121.08M	-654.76M	-1.21B	-1.21B

Scout24 Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 88.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: 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 88.65 is below the 20-day moving average (MA) of 94.75, below the 50-day MA of 100.63, and below the 200-day MA of 106.39, indicating a bearish trend. The MACD of -4.34 indicates Positive momentum. The RSI at 24.55 is Positive, neither overbought nor oversold. The STOCH value of 14.06 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LEG	70 Outperform	€4.86B	8.00	15.11%	4.18%	6.91%	―
GYC	68 Neutral	€1.82B	4.47	14.70%	―	0.44%	―
G24	64 Neutral	€7.23B	40.63	13.04%	1.51%	12.58%	4.41%
TEG	64 Neutral	€2.68B	9.03	12.29%	2.85%	-32.32%	―
AT1	64 Neutral	€3.34B	4.60	9.56%	―	-1.82%	―
PAT	59 Neutral	€616.36M	28.46	―	4.69%	0.23%	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%