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Scout24 SE (G24) Fair Value & Analysis

Communication Services · DE · Market cap €5.2B

SS Scout24 SE G24 · XETRA
Price€78.00
Fair Value€80.30
Upside+3.0%
Quality81/100
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Healthy Growth
Highly profitable · 37.4% net margin
Low debt · generates free cash flow
2.05% dividend yield
Mixed vs. peers (8/14)
Wide moat 79/100
Evidence: High Range €52.36 – €100.73 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from €57.71 to €80.30 (+39.1%) since Jul 14, 2026. Share price +4.4% over the past month.

A strong business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€52.36 to €100.73) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€119.74 €43.64 Fair Value €80.30 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €43.64 – €119.74 · fair‑value band €52.36 – €100.73 · the €78.00 price screens below the €80.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Scout24 SE (G24) currently trades at €78.00, while our model-based Fair Value estimate is €80.30, implying the stock looks roughly 3.0% fairly valued today. The Quality Score stands at 81/100 (high quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Scout24 SE generated revenue of €692M at a net margin of 37.4%. Revenue grew 14.0% year over year. It earns a return on equity of 17.7%. Net debt stands at €100M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €52.36 (bear case) to €100.73 (bull case); at €78.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -8% fair-value upside, at 3%, G24 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €47.08 €76.65 €122.66 80
Residual Income €21.60 €27.98 €73.31 76
Rev-Margin DCF €40.60 €66.77 €99.38 74
All 16 models by family
DCF Models
FCF DCF €47.17 €78.83 €129.52 38
5Y Revenue Exit €40.60 €67.06 €102.00 39
5Y EBITDA Exit €53.22 €92.25 €140.05 41
10Y Revenue Exit €41.31 €66.48 €102.98 36
10Y EBITDA Exit €50.57 €84.19 €133.15 37
Dividend Discount
Gordon GGM €11.91 €23.73 €35.94 70
DDM Multi-Stage €11.91 €20.51 €25.05 61
Multiples
P/S Multiple €43.28 €57.71 €72.13 58
P/B Multiple €31.34 €41.79 €52.23 55
EV/EBIT €68.64 €91.29 €113.93 53
EV/EBITDA €61.99 €82.42 €102.85 54
EV/Revenue €38.17 €54.23 €70.29 43
Asset-Based
NCAV (Graham) €10.45 €14.00 €20.89 50
Growth DCF
Growth DCF €47.08 €76.65 €122.66 80
Rev-Margin DCF €40.60 €66.77 €99.38 74
Economic Profit
Residual Income €21.60 €27.98 €73.31 76

Widest divergence: DCF Models (€78.83) versus Asset-Based (€14.00). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €692M
Revenue growth (YoY) +14.0%
Net margin 37.4%
Return on equity 17.7%
Free cash flow €280M FY2025
P/E ratio 21.6
More key figures
Operating margin 55.2%
EPS (TTM) €3.61
Dividend yield 2.1%
EPS growth (YoY) +40.6%
Net debt €100M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 81/100

Of which business quality 75 · Market factors (momentum, volatility) 45

Profitability 55
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 97
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Scout24 SE operates ImmoScout24, a digital marketplace for the residential and commercial real estate sectors in Germany and internationally. The company operates through Professional and Private segments.

Full company description

Scout24 SE operates ImmoScout24, a digital marketplace for the residential and commercial real estate sectors in Germany and internationally. The company operates through Professional and Private segments. It offers Pay-per-ad, for listing real estate without membership; Realtor Lead Engine (RLE) for selling real estate; Mortgage Lead Engine; CRM software solutions for real estate agents; and ESG energy performance certificates. In addition, the company provides software solutions for real estate valuations, such as viewings and expert opinions; an automated valuation model, a product for the automated valuation of real estate through application programming interfaces; provision of transaction-related documents for real estate professionals; and training courses, digital training, and education software. Further, it offers SearchPlus and SearchPlus for buying, which offers market analysis and a digital document folder; LivingPlus for digital services and legal protection; and LettingPlus, a cloud-based software solution to supports private landlords in rental and property management. It offers its products under the ImmoScout24, FLOWFACT, Vermietet.de, immoverkauf24, Propstack, BaufiTeam, SPRENGNETTER, Wohnungsboerse, bulwiengesa, EXPLOREAL, neubau kompass, and ENERGIE AUSWEIS 48 brand names. The company serves residential and business real estate agents, appraisers, financing intermediaries and banks, consumers, homeowners, and commercial service providers. 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 Berlin, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Scout24 SE reported revenue of €650M in FY2025 versus €389M in FY2021, a compound +13.7%/yr. Reported net income was €240M in FY2025, compounding +27.6%/yr from FY2021.

Growth Quality 98/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€650M
Latest YoY
+14.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.9%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.1%
Revenue +13.7%/yr
FY21 €389M
FY22 €448M
FY23 €509M
FY24 €566M
FY25 €650M
Net income +27.6%/yr
FY21 €90.5M
FY22 €124M
FY23 €179M
FY24 €162M
FY25 €240M
Character of growth · EPS growth decomposed (2015-2025) +19.2 % p.a.
Revenue per share +8.3 pp

of which total revenue +3.8 pp · buybacks/dilution +4.5 pp

EBIT margin +5.5 pp
Tax rate +1.0 pp
Residual (interest, one-offs) +4.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Scout24 SE Fair Value". https://www.fairvalue-calculator.com/stock/G24

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Internet Content & Information · 155 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 80 · Top 25%
Fair Value upside +3% · Above median
Return on equity (TTM) 18% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 37% · Top 25%
Operating margin (TTM) 55% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 2.1% · Below median

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/E (TTM) 21.6× · Pricier than median
P/B 4.08× · Pricier than 75% of peers
P/S (TTM) 8.71× · Pricier than 75% of peers
P/FCF 21.5× · Pricier than 75% of peers
EV/EBITDA 18.0× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 37 · sector 0
FUTURE 70 · sector 31
PAST 71 · sector 10
HEALTH 100 · sector 99
DIVIDEND 41 · sector 44

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Alphabet Inc GOOGL $343.54 $145.14 -58%
Meta Platforms, Inc META $578.85 $534.91 -8%
Tencent Holdings 0700 HK$461.60 HK$448.17 -3%
Spotify Technology S.A SPOT $489.60 $210.99 -57%
Reddit, Inc RDDT $153.45 $39.59 -74%
Baidu, Inc BIDU $104.84 $66.96 -36%
Kuaishou Technology, an investment holding company, 1024 HK$41.54 HK$84.61 +104%
NAVER Corporation 035420 215,500 KRW 231,585 KRW +7%
Tencent Music Entertainment Group 1698 HK$33.72 HK$66.60 +98%
Kakao Corp 035720 40,100 KRW 24,536 KRW -39%

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Frequently asked questions

Is Scout24 SE (G24) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €80.30 versus a price of €78.00, about +3% (fairly valued).
What is the fair value of G24?
Our model-based fair value for Scout24 SE is €80.30 (as of Aug 13, 2026), built from audited fundamentals. The current price is €78.00.
What is the quality score of G24?
Scout24 SE has a Quality Score of 81/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Scout24 SE (G24)?
Scout24 SE reported trailing-twelve-month revenue of about €692M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of G24?
The net profit margin of Scout24 SE is about 37.4%, meaning it keeps roughly 37.4% of revenue as net income. Based on the latest reported figures.
Does Scout24 SE pay a dividend?
Scout24 SE currently shows a dividend yield of about 2.11% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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