Scout24 (G24) AI Stock Analysis

• Market Cap: €8.04B
• Dividend Yield: 1.2%
• Average Volume (3M): 135.08K
• Price to Earnings (P/E): 45.0
• Beta (1Y): 0.54
• 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): 0.87
• Shares Outstanding: 75,000,000
• 10 Day Avg. Volume: 143,751
• 30 Day Avg. Volume: 135,084
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €126.50
• Price Target Upside: 14.69% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11

• Rating: 66 Neutral
• Price Target: €122.00 ▲(10.61% Upside)

Scout24's strong financial performance is the most significant factor, supported by robust revenue growth and cash flow generation. However, technical indicators suggest a bearish trend, and the stock's high P/E ratio indicates it may be overvalued, limiting its upside potential.

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.

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	610.08M	566.34M	509.11M	447.54M	389.04M	353.82M
Gross Profit	490.10M	567.65M	263.31M	454.30M	397.30M	357.74M
EBITDA	333.56M	292.30M	284.43M	215.65M	205.02M	217.32M
Net Income	172.71M	162.10M	178.78M	123.53M	90.50M	102.43M
Balance Sheet
Total Assets	2.07B	2.07B	2.02B	1.88B	2.42B	3.52B
Cash, Cash Equivalents and Short-Term Investments	31.50M	57.12M	48.46M	40.45M	585.40M	1.74B
Total Debt	183.40M	179.68M	177.36M	161.63M	259.20M	329.17M
Total Liabilities	587.40M	640.16M	571.88M	532.15M	647.91M	706.58M
Stockholders Equity	1.48B	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: 110.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 110.3 is below the 20-day moving average (MA) of 111.38, below the 50-day MA of 115.39, and above the 200-day MA of 103.75, indicating a neutral trend. The MACD of -1.34 indicates Negative momentum. The RSI at 42.78 is Neutral, neither overbought nor oversold. The STOCH value of 36.21 is Neutral, 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	72 Outperform	5.03B	8.27	7.79%	4.06%	5.99%	0.00%
GYC	68 Neutral	1.84B	4.52	9.27%	―	0.19%	0.00%
G24	66 Neutral	€8.04B	44.95	13.04%	1.20%	12.58%	4.41%
AT1	65 Neutral	3.57B	4.92	7.53%	―	-1.82%	0.00%
TEG	64 Neutral	2.73B	9.24	4.01%	2.77%	-22.06%	0.00%
PAT	59 Neutral	620.66M	28.42	2.06%	4.84%	-9.25%	0.00%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%