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Scout24
(XETRA:G24)
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Rating:77Outperform
Price Target:
€97.00
▲(19.90% 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
Sustained Revenue Growth and Profitability
Steady multi-year revenue expansion demonstrates durable demand for Scout24’s marketplace and services. Strong EBITDA, EBIT and net income generation indicate that growth is supported by a profitable operating model, giving the company resources to reinvest and strengthen its market position.
Negative Factors
Growth Slowed in 2025
The marked deceleration in 2025 indicates that the earlier growth pace may not continue unchanged. Slower expansion can reduce operating leverage and limit the rate at which Scout24 compounds revenue, making sustained customer and marketplace growth more important.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth and Profitability
Steady multi-year revenue expansion demonstrates durable demand for Scout24’s marketplace and services. Strong EBITDA, EBIT and net income generation indicate that growth is supported by a profitable operating model, giving the company resources to reinvest and strengthen its market position.
Read all positive factors
Scout24 (G24) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€5.68B
Dividend Yield1.81%
Average Volume (3M)422.12K
Price to Earnings (P/E)20.9
Beta (1Y)0.61
Revenue Growth15.55%
EPS Growth62.57%
CountryDE
Employees1,315
SectorGeneral
Sector StrengthN/A
IndustryInternet Content & Information
Share Statistics
EPS (TTM)3.97
Shares Outstanding72,000,000
10 Day Avg. Volume370,743
30 Day Avg. Volume422,116
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
€113.67Price Target Upside40.50% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)4
Revenue Forecast (FY)€764.58M
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 monetizes its ImmoScout24 marketplace through subscription and advertising-based services sold to professional real estate customers (e.g., real estate agents, property managers, and developers). A central revenue stream is fees ...
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 | 698.55M | 649.56M | 566.34M | 509.11M | 447.54M | 389.04M |
| Gross Profit | 400.44M | 325.36M | 567.65M | 263.31M | 454.30M | 397.30M |
| EBITDA | 392.50M | 339.93M | 292.30M | 284.43M | 215.65M | 205.02M |
| Net Income | 282.69M | 240.04M | 162.10M | 178.78M | 123.53M | 90.50M |
Balance Sheet | ||||||
| Total Assets | 2.23B | 2.11B | 2.07B | 2.02B | 1.88B | 2.42B |
| Cash, Cash Equivalents and Short-Term Investments | 36.46M | 49.50M | 57.12M | 50.63M | 39.09M | 585.40M |
| Total Debt | 436.09M | 149.60M | 179.68M | 213.69M | 161.63M | 259.20M |
| Total Liabilities | 1.08B | 629.03M | 640.16M | 571.88M | 532.15M | 647.91M |
| Stockholders Equity | 1.15B | 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
80.90
Price Trends
74.67
Positive
74.20
Positive
72.64
Positive
Market Momentum
2.20
Negative
73.68
Negative
91.92
Negative
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 80.9 is above the 20-day moving average (MA) of 72.34, above the 50-day MA of 74.67, and above the 200-day MA of 72.64, indicating a bullish trend. The MACD of 2.20 indicates Negative momentum. The RSI at 73.68 is Negative, neither overbought nor oversold. The STOCH value of 91.92 is Negative, 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | €5.68B | 20.92 | 20.55% | 1.81% | 15.55% | 62.57% | |
71 Outperform | €1.13B | 3.19 | 11.29% | 4.20% | 2.40% | -8.00% | |
67 Neutral | €3.72B | 2.82 | 14.93% | 6.04% | 0.54% | 112.86% | |
66 Neutral | €14.03B | 3.61 | 14.27% | 7.53% | -20.61% | 907.76% | |
60 Neutral | €551.12M | 20.81 | 2.60% | 5.58% | 3.30% | 27.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:G24
Scout24
85.70
-14.62
-14.58%
DE:LEG
LEG Immobilien
48.54
-17.55
-26.56%
DE:PAT
Patrizia Immobilien
6.35
-1.06
-14.32%
DE:VNA
Vonovia
16.59
-9.52
-36.48%
DE:GYC
Grand City Properties SA
7.27
-3.77
-34.17%
DE:A4Y0
Accentro Real Estate AG
83.00
-111.58
-57.34%
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.