Want to see DE:G24 full AI Analyst Report?
Top Page
Scout24
(XETRA:G24)
Select Model
Select Model
Rating:77Outperform
Price Target:
€81.00
▲(12.97% Upside)
Action:Upgraded
Date:08/07/26
The score is driven primarily by strong financial performance (solid growth, profitability, conservative leverage, and robust free cash flow). Valuation is reasonable with a modest dividend yield, while technical signals are mixed due to the stock trading below several key moving averages despite moderately positive momentum indicators.
Positive Factors
Strong free cash flow generation
Consistent, improving free cash flow from 2020–2025 indicates durable cash conversion and earnings quality. Reliable FCF supports reinvestment in product development, bolt-on M&A, and shareholder returns, improving resilience across real-estate cycles and funding longer-term strategic initiatives.
Negative Factors
Revenue growth deceleration in 2025
A shift from mid-teens growth in prior years to low-single-digit growth in 2025 suggests market saturation or tougher comps in core segments. Prolonged deceleration can compress operating leverage, limit reinvestment capacity, and force greater reliance on product monetization or geographic expansion to sustain long-term top-line momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Consistent, improving free cash flow from 2020–2025 indicates durable cash conversion and earnings quality. Reliable FCF supports reinvestment in product development, bolt-on M&A, and shareholder returns, improving resilience across real-estate cycles and funding longer-term strategic initiatives.
Read all positive factors
Scout24 (G24) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€5.31B
Dividend Yield2.02%
Average Volume (3M)281.77K
Price to Earnings (P/E)20.6
Beta (1Y)0.49
Revenue Growth14.69%
EPS Growth50.18%
CountryDE
Employees1,016
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
€106.72Price Target Upside48.85% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)3.99
Revenue Forecast (FY)€762.20M
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 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €5.31B | 20.60 | 18.22% | 2.09% | 14.69% | 50.18% | |
68 Neutral | €621.51M | 28.40 | 2.21% | 5.03% | 2.47% | 72.49% | |
67 Neutral | €4.00B | 3.03 | 15.43% | 5.66% | 2.65% | 408.35% | |
64 Neutral | €1.62B | 3.89 | 11.65% | 3.16% | 0.72% | 89.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €17.84B | 5.12 | 13.06% | 6.03% | -20.27% | ― |
* General Sector Average
DE:G24
Scout24
74.40
-41.12
-35.60%
DE:LEG
LEG Immobilien
52.80
-16.33
-23.63%
DE:PAT
Patrizia Immobilien
7.35
0.14
1.93%
DE:VNA
Vonovia
21.05
-5.82
-21.67%
DE:GYC
Grand City Properties SA
9.69
-1.26
-11.49%
DE:A4Y0
Accentro Real Estate AG
48.80
48.68
40566.67%
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.