Scout24 SE

XTRA:G24 Stock Report

Market Cap: €5.2b

Scout24 Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Ralf Weitz

Chief executive officer

€1.5m

Total compensation

CEO salary percentage45.76%
CEO tenure7.5yrs
CEO ownershipn/a
Management average tenure2.5yrs
Board average tenure4.9yrs

Recent management updates

Recent updates

Narrative Update • Jun 02

G24: Higher 2026 Margins And Dividend Payout Will Support Further Rerating

Analysts have lifted Scout24's fair value estimate by about €2, reflecting slightly higher assumptions for revenue growth, profit margins and the future P/E multiple that underpin recently raised price targets from several banks. Analyst Commentary Recent Street research points to a cluster of higher price targets for Scout24, with bullish analysts lifting their fair value ranges and large banks reaffirming positive ratings.
Narrative Update • May 10

G24: Higher 2026 Margins And Dividend Payout Will Support Further Rating Upgrades

Scout24's updated analyst price target has shifted from about €134 to roughly €128, as analysts factor in more moderate revenue growth, a higher discount rate, firmer profit margins and a lower assumed future P/E multiple, in line with the latest rounds of both price target cuts and a recent upgrade in Street research. Analyst Commentary Recent Street research on Scout24 has been mixed, but there are several clearly bullish signals that support the updated valuation framework.
Narrative Update • Apr 26

G24: 2026 Execution And Margins Will Support Renewed Market Confidence

Scout24's analyst price target has been reduced by €6.23 to €103.44 as analysts factor in updated fair value assumptions, slightly different growth and discount rate inputs, and recent revisions to external price targets, while still reflecting relatively firm profit margin and P/E expectations. Analyst Commentary Recent Street research on Scout24 shows a mix of optimism on the business and some caution on valuation, with several firms adjusting price targets while maintaining generally supportive ratings.
Narrative Update • Apr 09

G24: 2026 Margin Delivery And Capital Returns Will Support Further Rating Upgrades

Narrative Update on Scout24 The analyst price target for Scout24 has been reduced from €143.38 to €134.00, as analysts factor in lower fair value assumptions in line with recent target cuts from firms such as JPMorgan and RBC Capital, while still pointing to support from upgrades at UBS and Morgan Stanley. Analyst Commentary Recent research on Scout24 reflects a split view, with some high profile firms trimming price targets while others lean more constructive on the shares.
Narrative Update • Mar 26

G24: 2026 Execution And Buybacks Will Support Renewed Market Confidence

Scout24's analyst price targets have been cut, with the fair value estimate moving from about €120.68 to €109.66, as analysts factor in slightly higher discount rates, more moderate revenue growth assumptions, and a lower future P/E, even as several firms maintain positive ratings alongside reduced targets between €85 and €115. Analyst Commentary Recent research suggests that, while price targets on Scout24 have been trimmed, several major firms still see room for upside, with a cluster of targets between €85 and €115.
Narrative Update • Mar 11

G24: 2026 Margin Delivery And Buybacks Will Support Further Rating Upgrades

Analyst price targets for Scout24 have been trimmed by around €15 to €20, with updated fair value estimates now at €143.38, as analysts factor in slightly higher discount rates, a more measured revenue outlook, and stronger profit margins, along with lower assumed future P/E multiples. Analyst Commentary Recent research updates show that several bullish analysts continue to see upside in Scout24, even as they trim headline price targets.
Narrative Update • Feb 24

G24: Buybacks And 2026 Execution Will Support Upgrades To Overweight

Analysts have modestly lifted their Scout24 price target to €114, supported by slightly higher assumptions for revenue growth, profit margins and a small adjustment to the P/E multiple in recent research updates. Analyst Commentary Recent research has shifted more clearly in favor of Scout24, with several bullish analysts moving to more positive ratings and revisiting their valuation frameworks.
Narrative Update • Feb 09

G24: Buybacks And 2026 Execution Will Support A Re Rating

Analysts have raised their price views on Scout24, with recent upgrades and refreshed 2026 outlooks supporting a revised target range of about €103 to €114, citing updated assumptions for growth, margins and the price-to-earnings ratio. Analyst Commentary Recent research points to a more constructive tone on Scout24, with several bullish analysts shifting to more positive ratings and setting price targets that cluster in the low to mid €100s.
Narrative Update • Jan 26

G24: Future Margin Strength And 2026 Momentum Will Support Market Confidence

Our fair value estimate for Scout24 edges up from about €120.04 to €120.68. This reflects small adjustments to our revenue growth, profit margin and discount rate assumptions, in line with recent analyst actions that include multiple rating upgrades and refreshed price targets.
Analysis Article • Jan 23

Estimating The Fair Value Of Scout24 SE (ETR:G24)

Key Insights The projected fair value for Scout24 is €99.30 based on 2 Stage Free Cash Flow to Equity Current share...
Narrative Update • Jan 11

G24: Buybacks And Execution Into 2026 Will Drive Shares Higher

Analysts have nudged their price targets for Scout24, with recent updates clustering in a €103 to €143.60 range. They point to supportive long term assumptions on margins, a slightly lower future P/E of about 33.9x, and a steady fair value at €143.60.
Narrative Update • Dec 26

G24: Future Margin Strength Will Support Ongoing Market Momentum

The analyst price target for Scout24 has been modestly reduced by approximately EUR 0.25, as analysts recalibrate valuation assumptions in light of slightly lower fair value estimates, while maintaining supportive views on revenue growth, margins, and future earnings multiples. Analyst Commentary Recent Street research on Scout24 reflects a mixed but still broadly constructive stance on the company, with price targets adjusted both upward and downward as analysts rebase valuation frameworks to evolving growth and margin expectations.
Analysis Article • Dec 17

Returns Are Gaining Momentum At Scout24 (ETR:G24)

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
Narrative Update • Dec 12

G24: Revenue Momentum And Index Inclusion Will Drive Shares Higher

Scout24's analyst price target has inched up to EUR 143.60 from EUR 142, as analysts point to stronger revenue growth expectations, offset only partly by slightly lower margin forecasts and a higher assumed discount rate. Analyst Commentary Recent research updates underline a broadly constructive stance on Scout24, with several bullish analysts lifting their valuation frameworks in response to improving fundamentals and execution confidence.
Analysis Article • Dec 01

We Ran A Stock Scan For Earnings Growth And Scout24 (ETR:G24) Passed With Ease

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Narrative Update • Nov 27

G24: Double-Digit Revenue Growth Will Drive Continued Market Momentum

The analyst price target for Scout24 has been revised downward, dropping from €123.40 to €120.29. This reflects analysts' tempered outlook based on updated growth and profitability assumptions.
Analysis Article • Nov 13

Some Shareholders Feeling Restless Over Scout24 SE's (ETR:G24) P/E Ratio

With a price-to-earnings (or "P/E") ratio of 28x Scout24 SE ( ETR:G24 ) may be sending very bearish signals at the...
Analysis Article • Oct 08

Calculating The Fair Value Of Scout24 SE (ETR:G24)

Key Insights The projected fair value for Scout24 is €122 based on 2 Stage Free Cash Flow to Equity Current share price...
Analysis Article • Sep 08

Scout24 (ETR:G24) Has A Rock Solid Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Narrative Update • Sep 05

AI Integration And Digital Shift Will Empower German Real Estate

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.
Analysis Article • Aug 24

Scout24 (ETR:G24) Is Looking To Continue Growing Its Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Jul 16

With Scout24 SE (ETR:G24) It Looks Like You'll Get What You Pay For

Scout24 SE's ( ETR:G24 ) price-to-earnings (or "P/E") ratio of 49.8x might make it look like a strong sell right now...
Analysis Article • Jun 16

Estimating The Fair Value Of Scout24 SE (ETR:G24)

Key Insights The projected fair value for Scout24 is €138 based on 2 Stage Free Cash Flow to Equity Current share price...
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New Narrative • Dec 02

AI-Powered Offerings And German Market Rebound To Drive Revenue And Margin Growth

Strong revenue growth driven by core agent memberships and private subscriptions, alongside positive contributions from strategic acquisitions and enhanced product offerings.

CEO Compensation Analysis

How has Ralf Weitz's remuneration changed compared to Scout24's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

€259m

Dec 31 2025n/an/a

€240m

Sep 30 2025n/an/a

€229m

Jun 30 2025n/an/a

€177m

Mar 31 2025n/an/a

€173m

Dec 31 2024€1m€680k

€162m

Sep 30 2024n/an/a

€176m

Jun 30 2024n/an/a

€172m

Mar 31 2024n/an/a

€181m

Dec 31 2023€3m€680k

€179m

Sep 30 2023n/an/a

€171m

Jun 30 2023n/an/a

€157m

Mar 31 2023n/an/a

€141m

Dec 31 2022€4m€680k

€124m

Sep 30 2022n/an/a

€100m

Jun 30 2022n/an/a

€91m

Mar 31 2022n/an/a

€86m

Dec 31 2021€3m€419k

€91m

Sep 30 2021n/an/a

€104m

Jun 30 2021n/an/a

€103m

Mar 31 2021n/an/a

€100m

Dec 31 2020€630k€400k

€102m

Sep 30 2020n/an/a

€86m

Jun 30 2020n/an/a

€82m

Mar 31 2020n/an/a

€73m

Dec 31 2019€1m€400k

€64m

Compensation vs Market: Ralf's total compensation ($USD1.72M) is below average for companies of similar size in the German market ($USD2.59M).

Compensation vs Earnings: Ralf's compensation has been consistent with company performance over the past year.

CEO

Ralf Weitz (49 yo)

7.5yrs
Tenure
€1,486,100
Compensation

Mr. Ralf Weitz is Chief Executive Officer of Scout24 SE since March 01, 2025 and had been Chief Product & Technology Officer until February 28, 2025 and serves as its Member of Management Board since Decem...

Leadership Team

NamePositionTenureCompensationOwnership
Ralf Weitz
CEO & Chairman of the Management Board7.5yrs€1.49mno data
Gesa Crockford
Chief Commercial Officer & Member of the Management Board2.2yrs€1.30mno data
Martin Mildner
CFO & Member of Management Boardless than a yearno datano data
Gertrud Kolb
Chief Technology Officer1.4yrsno datano data
Filip Lindvall
Vice President of Strategy & Investor Relationsno datano datano data
Christian Ronge
General Counsel6.8yrsno datano data
Claudia Viehweger
Chief People & Sustainability Officer5yrsno datano data
Jan Sprengnetter
Managing Director of bulwiengesa GmbH & Scout24 Proptech GmbH2.9yrsno datano data
Stephen Molloy
Chief Product Officer1.2yrsno datano data
2.5yrs
Average Tenure
49yo
Average Age

Experienced Management: G24's management team is considered experienced (2.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Hans-Holger Albrecht
Independent Chairman of the Supervisory Board8yrs€260.00kno data
Frank Lutz
Independent Deputy Chairman of the Supervisory Board6.8yrs€210.00kno data
Lutz Finger
Independent Supervisory Board Member1yrno datano data
Maya Miteva
Independent Member of the Supervisory Board3yrs€95.00kno data
Andre Schwammlein
Independent Member of Supervisory Board6.8yrs€90.00kno data
Andrea Euenheim
Independent Member of the Supervisory Board2yrs€64.10kno data
4.9yrs
Average Tenure
54.5yo
Average Age

Experienced Board: G24's board of directors are considered experienced (4.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 05:45
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Scout24 SE is covered by 33 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fernando Cordero BarreiraBanco Santander
Andrew RossBarclays
William LarwoodBerenberg