New Risk • Aug 10
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 53% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Aug 07
Second quarter 2026 earnings released: EPS: €0.90 (vs €0.54 in 2Q 2025) Second quarter 2026 results: EPS: €0.90 (up from €0.54 in 2Q 2025). Revenue: €199.7m (up 21% from 2Q 2025). Net income: €63.2m (up 62% from 2Q 2025). Profit margin: 32% (up from 24% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 06
Now 24% undervalued Over the last 90 days, the stock has risen 3.0% to €72.60. The fair value is estimated to be €95.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Jul 17
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €72.35. The fair value is estimated to be €90.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Jul 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €75.00. The fair value is estimated to be €61.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Jun 19
Scout24 SE Approves Dividend for the Year 2025 Scout24 SE at its AGM held on June 17, 2026, approved a dividend of EUR 1.50 per share will be distributed for the financial year 2025, representing an increase of approximately 14% year-on-year against EUR 1.32 per share for the same period a year ago. Upcoming Dividend • Jun 11
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 18 June 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Austrian dividend payers (4.1%). Lower than average of industry peers (2.3%). Buy Or Sell Opportunity • Jun 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.9% to €75.95. The fair value is estimated to be €62.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • May 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €77.60. The fair value is estimated to be €63.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: €0.97 (vs €0.69 in 1Q 2025) First quarter 2026 results: EPS: €0.97 (up from €0.69 in 1Q 2025). Revenue: €185.4m (up 14% from 1Q 2025). Net income: €68.5m (up 37% from 1Q 2025). Profit margin: 37% (up from 31% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
Scout24 SE, Annual General Meeting, Jun 17, 2026 Scout24 SE, Annual General Meeting, Jun 17, 2026, at 10:00 W. Europe Standard Time. Declared Dividend • Mar 29
Dividend increased to €1.50 Dividend of €1.50 is 14% higher than last year. Ex-date: 18th June 2026 Payment date: 22nd June 2026 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 20% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 27
Scout24 SE announces Annual dividend, payable on June 22, 2026 Scout24 SE announced Annual dividend of EUR 1.5000 per share payable on June 22, 2026, ex-date on June 18, 2026 and record date on June 19, 2026. Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: €3.33 (vs €2.22 in FY 2024) Full year 2025 results: EPS: €3.33 (up from €2.22 in FY 2024). Revenue: €669.5m (up 14% from FY 2024). Net income: €240.0m (up 48% from FY 2024). Profit margin: 36% (up from 28% in FY 2024). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to €80.20. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Announcement • Jan 05
Scout24 SE (XTRA:G24) announces an Equity Buyback for 7,000,000 shares, for €500 million. Scout24 SE (XTRA:G24) announces a share repurchase program. Under the program, the company will repurchase up to 7,000,000 shares, €500 million worth of its shares. The share buyback shall not commence before January 5, 2025 (earliest possible purchase date) and will be completed no later than June 30, 2028. Buy Or Sell Opportunity • Nov 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to €93.10. The fair value is estimated to be €122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Announcement • Oct 31
Scout24 SE Provides Revenue Guidance for the Fourth Quarter of 2025 and Full Year 2026 Scout24 Se provided revenue guidance for the fourth quarter of 2025 and full year 2026. For the quarter, The company expects revenue growth to be lower than previous quarters this year.
The company is confident about carrying momentum from core business into 2026, where they expect double-digit organic revenue growth again. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: €1.41 (vs €0.69 in 3Q 2024) Third quarter 2025 results: EPS: €1.41 (up from €0.69 in 3Q 2024). Revenue: €170.0m (up 14% from 3Q 2024). Net income: €101.5m (up 103% from 3Q 2024). Profit margin: 60% (up from 34% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
Scout24 SE Updates Earnings Guidance for the Full-Year 2025 Scout24 SE updated earnings guidance for the full-year 2025. The Management Board hereby narrows the current guidance for the 2025 financial year from 14%–15% revenue growth to the mid to upper end of the revenue guidance. Announcement • Oct 30
Scout24 SE to Report Q4, 2025 Results on Feb 26, 2026 Scout24 SE announced that they will report Q4, 2025 results on Feb 26, 2026 Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: €0.54 (vs €0.47 in 2Q 2024) Second quarter 2025 results: EPS: €0.54 (up from €0.47 in 2Q 2024). Revenue: €166.2m (up 15% from 2Q 2024). Net income: €39.0m (up 13% from 2Q 2024). Profit margin: 24% (in line with 2Q 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 02
Now 20% undervalued Over the last 90 days, the stock has risen 16% to €113. The fair value is estimated to be €143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 54% in the next 2 years. Upcoming Dividend • May 31
Upcoming dividend of €1.32 per share Eligible shareholders must have bought the stock before 06 June 2025. Payment date: 11 June 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Austrian dividend payers (4.8%). Lower than average of industry peers (1.4%). Reported Earnings • May 07
First quarter 2025 earnings released: EPS: €0.69 (vs €0.54 in 1Q 2024) First quarter 2025 results: EPS: €0.69 (up from €0.54 in 1Q 2024). Revenue: €162.7m (up 15% from 1Q 2024). Net income: €50.0m (up 27% from 1Q 2024). Profit margin: 31% (up from 28% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 22% per year. Announcement • Apr 17
Scout24 SE, Annual General Meeting, Jun 05, 2025 Scout24 SE, Annual General Meeting, Jun 05, 2025, at 10:00 W. Europe Standard Time. Declared Dividend • Mar 30
Dividend increased to €1.32 Dividend of €1.32 is 10% higher than last year. Ex-date: 6th June 2025 Payment date: 10th June 2025 Dividend yield will be 1.4%, which is lower than the industry average of 4.3%. Payout Ratios Payout ratio: 60%. Cash payout ratio: 41%. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: €2.22 (vs €2.43 in FY 2023) Full year 2024 results: EPS: €2.22 (down from €2.43 in FY 2023). Revenue: €588.8m (up 11% from FY 2023). Net income: €162.1m (down 9.3% from FY 2023). Profit margin: 28% (down from 34% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €98.20. The fair value is estimated to be €81.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Announcement • Feb 27
Scout24 SE Provides Earnings Guidance for the Year 2025 Scout24 SE provided earnings guidance for the year 2025. For the year, the company expects 12% to 14% revenue growth. Announcement • Dec 17
Scout24 SE (XTRA:G24) agreed to acquire BulwienGesa AG. Scout24 SE (XTRA:G24) agreed to acquire BulwienGesa AG on December 16, 2024. The current chief executive officer of bulwiengesa, Ralf Koschny, will be part of the new Supervisory Board of bulwiengesa. Sven Carstensen has been chief operations officer since 2020, will become the new chief executive officer. The appointments will provide leadership continuity at bulwiengesa and ensure a consistently high standard of customer service and client support. The transaction is subject to customary closing conditions. Announcement • Dec 05
Scout24 SE (XTRA:G24) acquired neubau kompass AG. Scout24 SE (XTRA:G24) acquired neubau kompass AG on December 3, 2024.
Scout24 SE (XTRA:G24) completed the acquisition of neubau kompass AG on December 3, 2024. Buy Or Sell Opportunity • Nov 14
Now 22% undervalued Over the last 90 days, the stock has risen 20% to €83.25. The fair value is estimated to be €106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: €0.69 (vs €0.62 in 3Q 2023) Third quarter 2024 results: EPS: €0.69 (up from €0.62 in 3Q 2023). Revenue: €149.5m (up 8.3% from 3Q 2023). Net income: €50.1m (up 8.4% from 3Q 2023). Profit margin: 34% (in line with 3Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: €0.47 (vs €0.59 in 2Q 2023) Second quarter 2024 results: EPS: €0.47 (down from €0.59 in 2Q 2023). Revenue: €145.2m (up 14% from 2Q 2023). Net income: €34.4m (down 21% from 2Q 2023). Profit margin: 24% (down from 34% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • May 30
Upcoming dividend of €1.20 per share Eligible shareholders must have bought the stock before 06 June 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Austrian dividend payers (6.0%). In line with average of industry peers (1.6%). Reported Earnings • May 03
First quarter 2024 earnings released: EPS: €0.54 (vs €0.50 in 1Q 2023) First quarter 2024 results: EPS: €0.54 (up from €0.50 in 1Q 2023). Revenue: €141.4m (up 10% from 1Q 2023). Net income: €39.4m (up 6.2% from 1Q 2023). Profit margin: 28% (down from 29% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Apr 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: €2.43 (vs €1.59 in FY 2022) Full year 2023 results: EPS: €2.43 (up from €1.59 in FY 2022). Revenue: €531.9m (up 12% from FY 2022). Net income: €178.8m (up 45% from FY 2022). Profit margin: 34% (up from 26% in FY 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jan 31
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to €68.94. The fair value is estimated to be €57.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: €0.62 (vs €0.42 in 3Q 2022) Third quarter 2023 results: EPS: €0.62 (up from €0.42 in 3Q 2022). Revenue: €138.1m (up 13% from 3Q 2022). Net income: €46.2m (up 41% from 3Q 2022). Profit margin: 34% (up from 27% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Nov 02
Scout24 SE to Report Q4, 2023 Results on Feb 28, 2024 Scout24 SE announced that they will report Q4, 2023 results on Feb 28, 2024 Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: €0.59 (vs €0.34 in 2Q 2022) Second quarter 2023 results: EPS: €0.59 (up from €0.34 in 2Q 2022). Revenue: €128.3m (up 9.8% from 2Q 2022). Net income: €43.4m (up 62% from 2Q 2022). Profit margin: 34% (up from 23% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jun 20
Scout24 SE (XTRA:G24) signed an agreement to acquire 75% stake in Sprengnetter GmbH for €53.4 million. Scout24 SE (XTRA:G24) signed an agreement to acquire 75% stake in Sprengnetter GmbH for €53.4 million on June 19, 2023. Valuation of Sprengnetter Group for the initial 75% stake acquisition amounts to €100 million (100%) on debt and cash free basis. A large part of the initial purchase price for the 75% stake acquired will be paid in Scout24 shares with a multi-year lock-up agreement, making Jan Sprengnetter a meaningful long-term shareholder of Scout24.Based on the current estimate 0.9 million shares to be transferred will be determined based on the volume weighted average share price for a period prior to closing. Shares issued will be fully or partially offset by the ongoing current share buyback programme. Jan Sprengnetter will remain a 25% shareholder in the company. The final stake sale is subject to an earn-out mechanism. The transaction is expected to close in July and the business will be consolidated from 2HY onwards. Upcoming Dividend • Jun 16
Upcoming dividend of €1.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 23 June 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Austrian dividend payers (5.4%). Lower than average of industry peers (1.9%). Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: €1.59 (vs €1.03 in FY 2021) Full year 2022 results: EPS: €1.59 (up from €1.03 in FY 2021). Revenue: €476.2m (up 15% from FY 2021). Net income: €123.5m (up 36% from FY 2021). Profit margin: 26% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Nov 03
Scout24 SE to Report Fiscal Year 2022 Results on Feb 28, 2023 Scout24 SE announced that they will report fiscal year 2022 results on Feb 28, 2023 Buying Opportunity • Sep 24
Now 21% undervalued Over the last 90 days, the stock is up 7.5%. The fair value is estimated to be €69.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: €0.34 (vs €0.25 in 2Q 2021) Second quarter 2022 results: EPS: €0.34 (up from €0.25 in 2Q 2021). Revenue: €117.8m (up 15% from 2Q 2021). Net income: €26.8m (up 20% from 2Q 2021). Profit margin: 23% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.0%, compared to a 16% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Scout24 SE Raises Revenue Guidance for the Financial Year 2022 Scout24 SE raised revenue guidance for the financial year 2022. For the year, company increase the guidance for consolidated year-on-year revenue growth for the financial year 2022 to a range of 13% to 15%. Company had guided Group revenue growth for the 2022 financial year in a range of 11% to 12%. Announcement • Jul 01
Scout24 SE Approves Dividend Scout24 SE at it's 2022 Annual General Meeting approved to distributable dividend in the volume of EUR 66.4 million or EUR 0.85 per share. Upcoming Dividend • Jun 24
Upcoming dividend of €0.84 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 05 July 2022. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Austrian dividend payers (5.4%). Lower than average of industry peers (2.2%). Reported Earnings • May 08
First quarter 2022 earnings released: EPS: €0.25 (vs €0.25 in 1Q 2021) First quarter 2022 results: EPS: €0.25 (down from €0.25 in 1Q 2021). Revenue: €107.9m (up 8.6% from 1Q 2021). Net income: €20.1m (down 18% from 1Q 2021). Profit margin: 19% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.7%, compared to a 25% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buying Opportunity • May 06
Now 24% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be €77.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improved over the past week After last week's 16% share price gain to €60.28, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 24x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €71.82 per share. Buying Opportunity • Apr 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be €65.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings is also forecast to grow by 21% per annum over the same time period. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €1.03 (up from €1.00 in FY 2020). Revenue: €415.6m (up 11% from FY 2020). Net income: €90.6m (down 12% from FY 2020). Profit margin: 22% (down from 27% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 4.4%, compared to a 33% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 28
Scout24 SE to Report First Half, 2022 Results on Aug 09, 2022 Scout24 SE announced that they will report first half, 2022 results on Aug 09, 2022 Buying Opportunity • Jan 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.6%. The fair value is estimated to be €74.38, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% per annum over the last 3 years. Earnings per share has grown by 19% per annum over the last 3 years. Announcement • Dec 03
Scout24 SE Provides Group Revenue Guidance for the Year 2022 Scout24 SE provided group revenue guidance for the year 2022. For the year, group revenue is expected to increase between 11% and 12% in 2022. Reported Earnings • Nov 14
Third quarter 2021 earnings released: EPS €0.29 (vs €0.20 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €104.7m (up 10% from 3Q 2020). Net income: €24.0m (up 17% from 3Q 2020). Profit margin: 23% (up from 22% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year. Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS €0.25 (vs €0.19 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: €102.6m (up 15% from 2Q 2020). Net income: €22.3m (up 16% from 2Q 2020). Profit margin: 22% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 13
Scout24 AG (XTRA:G24) acquired Wohnungsbörse. Scout24 AG (XTRA:G24) acquired Wohnungsbörse in the period ended June 30, 2021.
Scout24 AG (XTRA:G24) completed the acquisition of Wohnungsbörse in the period ended June 30, 2021. Announcement • Aug 12
Scout24 Confirms Revenue Guidance for the Full Year 2021 Scout24 confirmed revenue guidance for the full year 2021. The Management Board is very satisfied with the operational and financial development of the Scout24 Group in the first half of 2021 and views this as a clear confirmation of the Group's strategic agenda. For the full 2021 financial year, the Management Board therefore confirms its forecast of mid to high single-digit percentage revenue growth for the Group (Group revenue Fiscal Year 2020: EUR 353.8 million). Upcoming Dividend • Jul 02
Upcoming dividend of €0.70 per share Eligible shareholders must have bought the stock before 09 July 2021. Payment date: 13 July 2021. Trailing yield: 1.0%. Lower than top quartile of Austrian dividend payers (3.4%). Higher than average of industry peers (0.9%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS €0.25 (vs €0.25 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: €100.3m (up 6.2% from 1Q 2020). Net income: €24.4m (down 8.2% from 1Q 2020). Profit margin: 24% (down from 28% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • May 12
Scout24 AG (XTRA:G24) signed an agreement to acquire an unknown majority stake in Zenhomes GmbH. Scout24 AG (XTRA:G24) signed an agreement to acquire an unknown majority stake in Zenhomes GmbH on May 11, 2021. The Vermietet.de brand will remain intact. The cloud-based tools of Vermietet.de will be combined with the ImmoScout24 offering thereby significantly broadening the product scope. Jannes Fischer, founder of Zenhomes will remain in the company as managing director. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS €1.00 (vs €0.59 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €375.8m (up 3.3% from FY 2019). Net income: €102.4m (up 61% from FY 2019). Profit margin: 27% (up from 18% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Mar 26
Scout24 AG Provides Revenue Guidance for the Year 2021 Scout24 AG provides revenue guidance for the year 2021. The Management Board expects the company to generate revenue growth in the mid-single-digit percentage range in 2021. 
