Scout24 G24.DE
Scout24 SE operates the leading digital marketplace for real estate and vehicles in Germany, generating revenue from subscriptions and advertising for agents and private individuals. Scout24 shows solid fundamentals with an operating margin of 44.88%, ROE of 22.82%, and earnings growth of 66.7%, although its momentum is weak (-21.27% over 12 months) and valuation, while attractive (P/E 17.04, PEG 0.40), is subject to interest rate pressure.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Scout24 SE operates the leading digital marketplace for real estate and vehicles in Germany, generating revenue from subscriptions and advertising for agents and private individuals. Scout24 shows solid fundamentals with an operating margin of 44.88%, ROE of 22.82%, and earnings growth of 66.7%, although its momentum is weak (-21.27% over 12 months) and valuation, while attractive (P/E 17.04, PEG 0.40), is subject to interest rate pressure.
Score by category
| Category | Score |
|---|---|
| Financial health | 5.7 |
| Quality / Moat | 8.1 |
| Valuation | 7.6 |
| Growth | 8.8 |
| Dividend | 6.6 |
| Momentum | 3.5 |
| Risk & Context | 7.8 |
OVERALL SCORE: 7.3/10
Context and risks
The rise in 10-year rates affects the real estate sector, on which Scout24 depends for its marketplace business. However, its subscription revenue model is less sensitive than a developer's; the impact is moderate and already partially reflected in its P/E of 17.
News considered in the analysis
- Scout24 Q2 Earnings Call Highlights — Resultados trimestrales sin sorpresas materiales; confirman la tendencia de crecimiento, ya parcialmente descontada.
- Scout24 SE (ETR:G24) Passed Our Checks, And It's About To Pay A €1.50 Dividend — Anuncio de dividendo ya conocido y descontado; sin información nueva.
- Scout24 SE (ETR:G24) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates — Resultados del primer trimestre con revisión de estimaciones; refuerza la narrativa de crecimiento, ya descontada en parte.
- Scout24 Q1 Earnings Call Highlights — Resultados trimestrales en línea con lo esperado; sin catalizadores nuevos.
- Scout24 Q4 Earnings Call Highlights — Resultados del cuarto trimestre ya ampliamente cubiertos y descontados.
Verdict: Hold; business quality and growth justify the position, but weak momentum and rate sensitivity limit near-term upside.
Main risk: Dependence on the German real estate market and sensitivity to rising interest rates, which could cool transactional and advertising activity on its marketplace.
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