Update shared on05 Sep 2025
Despite strong operational momentum, resilient demand, margin expansion, and cash generation supporting bullish views, concerns over macroeconomic headwinds in property markets temper optimism, resulting in the Scout24 consensus analyst price target remaining unchanged at €123.40.
Analyst Commentary
- Bullish analysts cite ongoing strong operational momentum, with positive top-line growth trends and resilient demand in the core real estate platform business.
- Upward revisions reflect confidence in Scout24's ability to deliver margin expansion through effective cost control and scale benefits.
- Recent product innovation and expansion into value-added services are seen as driving incremental revenue and supporting higher valuation multiples.
- JPMorgan and other major analysts highlight robust cash generation and the potential for shareholder returns through buybacks or dividends.
- Bearish analysts point to potential headwinds from a slower macroeconomic recovery, especially in the property segment, which could weigh on future earnings growth.
What's in the News
- RBC Capital raised its price target for Scout24 to EUR 125 from EUR 81, maintaining an Outperform rating, signaling increased confidence in the company’s growth prospects (PERIODICALS).
- Scout24 upgraded its full-year 2025 revenue guidance, now expecting growth of 14-15%, up from 12-14%, with inorganic contributions (from acquisitions) rising to approximately 3 percentage points (KEY DEVELOPMENTS).
- The guidance upgrade is attributed to strong business performance in the first half of the year and a positive outlook for the remainder of 2025 (KEY DEVELOPMENTS).
- Continued strong momentum in Scout24’s core business and robust demand for its subscription services are driving its upgraded expectations (KEY DEVELOPMENTS).
- Recent acquisitions are contributing positively to Scout24’s revenue growth, further supporting the improved full-year outlook (KEY DEVELOPMENTS).
Valuation Changes
Summary of Valuation Changes for Scout24
- The Consensus Analyst Price Target remained effectively unchanged, at €123.40.
- The Future P/E for Scout24 remained effectively unchanged, moving only marginally from 34.26x to 34.74x.
- The Discount Rate for Scout24 remained effectively unchanged, moving only marginally from 5.95% to 5.94%.
Disclaimer
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