Scout24 SE operates ImmoScout24, a digital platform for the residential and commercial real estate sectors in Germany and internationally. The company offers Realtor Lead Engine and Immoverkauf24 products for selling real estate; Mortgage Lead Engine, a product to finance real estate; FLOWFACT and Propstack, a CRM software solution for real estate agents; and TenantPlus+ provides rental properties. In addition, BuyerPlus+ for users looking to buy properties; and Vermietet.de: a cloud-based software solution.
Scout24 Fundamentals Summary
How do Scout24's earnings and revenue compare to its market cap?
Is Scout24 undervalued compared to its fair value and its price relative to the market?
9.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: G24 (CHF44.5) is trading below our estimate of fair value (CHF48.97)
Significantly Below Fair Value: G24 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: G24 is poor value based on its PE Ratio (51x) compared to the European Interactive Media and Services industry average (30.7x).
PE vs Market: G24 is poor value based on its PE Ratio (51x) compared to the Swiss market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: G24 is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: G24's PB Ratio (2.6x) is in line with the XE Interactive Media and Services industry average.
Future Growth
How is Scout24 forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
19.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: G24's forecast earnings growth (19.8% per year) is above the savings rate (-0.3%).
Earnings vs Market: G24's earnings (19.8% per year) are forecast to grow faster than the Swiss market (4.2% per year).
High Growth Earnings: G24's earnings are forecast to grow, but not significantly.
Revenue vs Market: G24's revenue (8.6% per year) is forecast to grow faster than the Swiss market (4.1% per year).
High Growth Revenue: G24's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: G24's Return on Equity is forecast to be low in 3 years time (12.5%).
Past Performance
How has Scout24 performed over the past 5 years?
-0.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: G24 has high quality earnings.
Growing Profit Margin: G24's current net profit margins (21.8%) are lower than last year (27.3%).
Past Earnings Growth Analysis
Earnings Trend: G24's earnings have declined by 0.4% per year over the past 5 years.
Accelerating Growth: G24's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: G24 had negative earnings growth (-11.6%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (47%).
Return on Equity
High ROE: G24's Return on Equity (5.1%) is considered low.
Financial Health
How is Scout24's financial position?
Financial Position Analysis
Short Term Liabilities: G24's short term assets (€619.5M) exceed its short term liabilities (€141.1M).
Long Term Liabilities: G24's short term assets (€619.5M) exceed its long term liabilities (€506.8M).
Debt to Equity History and Analysis
Debt Level: G24 has more cash than its total debt.
Reducing Debt: G24's debt to equity ratio has reduced from 68.3% to 13% over the past 5 years.
Debt Coverage: G24's debt is well covered by operating cash flow (58.8%).
Interest Coverage: G24's interest payments on its debt are well covered by EBIT (21.5x coverage).
Balance Sheet
Dividend
What is Scout24 current dividend yield, its reliability and sustainability?
1.44%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: G24's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.66%).
High Dividend: G24's dividend (1.44%) is low compared to the top 25% of dividend payers in the Swiss market (3.77%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, G24 has been paying a dividend for less than 10 years.
Growing Dividend: G24's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (81.7%), G24's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (62.8%), G24's dividend payments are covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Tobi Hartmann (49 yo)
3.42yrs
Tenure
€1,084,000
Compensation
Mr. Tobias Hartmann, also known as Tobi, has been Independent Director of SGS SA since March 24, 2020. He has been Chief Executive Officer and Chairman of the Management Board at Scout24 SE since November...
CEO Compensation Analysis
Compensation vs Market: Tobi's total compensation ($USD1.17M) is below average for companies of similar size in the Swiss market ($USD2.29M).
Compensation vs Earnings: Tobi's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: G24's management team is considered experienced (3.1 years average tenure).
Board Members
Experienced Board: G24's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Scout24 SE's employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/04/22 00:00
End of Day Share Price
2022/04/22 00:00
Earnings
2021/12/31
Annual Earnings
2021/12/31
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.