DB:G24

Stock Analysis Report

Executive Summary

Scout24 AG operates digital marketplaces specializing in the real estate and automotive sectors in Germany and other European countries.


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.

Share Price & News

How has Scout24's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: G24 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.4%

G24

-2.3%

DE Interactive Media and Services

0.2%

DE Market


1 Year Return

50.8%

G24

41.6%

DE Interactive Media and Services

13.6%

DE Market

Return vs Industry: G24 exceeded the German Interactive Media and Services industry which returned 41.6% over the past year.

Return vs Market: G24 exceeded the German Market which returned 13.6% over the past year.


Shareholder returns

G24IndustryMarket
7 Day-2.4%-2.3%0.2%
30 Day4.6%3.8%-0.08%
90 Day8.9%5.9%6.0%
1 Year52.6%50.8%43.4%41.6%17.1%13.6%
3 Year73.9%68.3%74.3%68.6%19.6%9.0%
5 Yearn/a-34.2%-43.9%38.9%20.0%

Price Volatility Vs. Market

How volatile is Scout24's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Scout24 undervalued compared to its fair value and its price relative to the market?

39.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: G24 (€54.6) is trading above our estimate of fair value (€51)

Significantly Below Fair Value: G24 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: G24 is poor value based on its PE Ratio (39.8x) compared to the Interactive Media and Services industry average (31.2x).

PE vs Market: G24 is poor value based on its PE Ratio (39.8x) compared to the German market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: G24 is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: G24 is good value based on its PB Ratio (5.1x) compared to the DE Interactive Media and Services industry average (7.6x).


Next Steps

Future Growth

How is Scout24 forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

20.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: G24's forecast earnings growth (20.2% per year) is above the savings rate (-0.4%).

Earnings vs Market: G24's earnings (20.2% per year) are forecast to grow faster than the German market (13.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: G24's revenue (10.3% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: G24's revenue (10.3% 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 (17.6%).


Next Steps

Past Performance

How has Scout24 performed over the past 5 years?

45.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: G24 has high quality earnings.

Growing Profit Margin: G24's current net profit margins (23.8%) are lower than last year (24.6%).


Past Earnings Growth Analysis

Earnings Trend: G24 has become profitable over the past 5 years, growing earnings by 45% per year.

Accelerating Growth: G24's earnings growth over the past year (13.9%) is below its 5-year average (45% per year).

Earnings vs Industry: G24 earnings growth over the past year (13.9%) underperformed the Interactive Media and Services industry 13.9%.


Return on Equity

High ROE: G24's Return on Equity (13%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Scout24's financial position?


Financial Position Analysis

Short Term Liabilities: G24's short term assets (€180.3M) exceed its short term liabilities (€118.4M).

Long Term Liabilities: G24's short term assets (€180.3M) do not cover its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: G24's debt to equity ratio (72.8%) is considered high.

Reducing Debt: G24's debt to equity ratio has increased from 59.9% to 72.8% over the past 5 years.

Debt Coverage: G24's debt is well covered by operating cash flow (24.5%).

Interest Coverage: G24's interest payments on its debt are well covered by EBIT (10.3x coverage).


Balance Sheet

Inventory Level: G24 has a low level of unsold assets or inventory.

Debt Coverage by Assets: G24's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is Scout24's current dividend yield, its reliability and sustainability?

1.17%

Current Dividend Yield


Dividend Yield vs Market

company1.2%marketbottom25%1.3%markettop25%3.6%industryaverage1.2%forecastin3Years1.5%

Current dividend yield vs market & industry

Notable Dividend: G24's dividend (1.17%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.34%).

High Dividend: G24's dividend (1.17%) is low compared to the top 25% of dividend payers in the German market (3.63%).


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 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.4%), G24's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: G24's dividends in 3 years are forecast to be well covered by earnings (44.1% payout ratio).


Next Steps

Management

What is the CEO of Scout24's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

Tobi Hartmann (47yo)

1.1yrs

Tenure

€5,832,900

Compensation

Mr. Tobias Hartmann, also known as Tobi, has been Chief Executive Officer and Member of the Management Board at Scout24 AG since November 19, 2018. Mr. Hartmann serves as President at Radial and GSI Commer ...


CEO Compensation Analysis

Compensation vs Market: Tobi's total compensation ($USD6.47M) is above average for companies of similar size in the German market ($USD3.71M).

Compensation vs Earnings: Insufficient data to compare Tobi's compensation with company performance.


Management Age and Tenure

1.0yrs

Average Tenure

Experienced Management: G24's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Age and Tenure

1.5yrs

Average Tenure

54.5yo

Average Age

Experienced Board: G24's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Insider Trading

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.


Management Team

  • Tobi Hartmann (47yo)

    CEO & Chairman of Management Board

    • Tenure: 1.1yrs
    • Compensation: €5.83m
  • Dirk Schmelzer (52yo)

    CFO & Member of Executive Board

    • Tenure: 0.5yrs
  • Ursula Querette

    Head of Investor Relations

    • Tenure: 0yrs
  • Marc Stilke

    Chief Executive Officer of Immobilienscout24

    • Tenure: 10yrs
  • Jan Flaskamp

    Vice President of Communications & Marketing

    • Tenure: 0yrs
  • Thomas Schroeter

    Chief Product Officer & Member of Management Board

    • Tenure: 1yrs
    • Compensation: €5.21m
  • Ralf Weitz

    Chief Commercial Officer & Member of Management Board

    • Tenure: 1yrs
    • Compensation: €5.21m
  • Michael Stoelwinder

    Chief Product Officer

    • Tenure: 0yrs

Board Members

  • Hans Albrecht (56yo)

    Chairman of the Supervisory Board

    • Tenure: 1.5yrs
    • Compensation: €116.70k
  • Peter Schwarzenbauer (60yo)

    Member of Supervisory Board

    • Tenure: 2.5yrs
    • Compensation: €80.00k
  • Ciara Smyth

    Member of Supervisory Board

    • Tenure: 1.5yrs
    • Compensation: €46.70k
  • Thorsten Langheim (53yo)

    Member of Advisory Board

    • Tenure: 5.8yrs
  • Frank Lutz (51yo)

    Member of Supervisory Board

    • Tenure: 0.3yrs
  • Axel Lützner

    Member of Advisory Board

    • Tenure: 4.9yrs
  • André Schwämmlein

    Member of Supervisory Board

    • Tenure: 0.3yrs

Company Information

Scout24 AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Scout24 AG
  • Ticker: G24
  • Exchange: DB
  • Founded: 1998
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: €5.786b
  • Shares outstanding: 105.39m
  • Website: https://www.scout24.com

Number of Employees


Location

  • Scout24 AG
  • Bothestrasse 11-15
  • Munich
  • Bavaria
  • 81675
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
G24DB (Deutsche Boerse AG)YesOrdinary Registered SharesDEEUROct 2015
G24XTRA (XETRA Trading Platform)YesOrdinary Registered SharesDEEUROct 2015
G24DBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Registered SharesGBEUROct 2015
0RB8LSE (London Stock Exchange)YesOrdinary Registered SharesGBEUROct 2015
G24SWX (SIX Swiss Exchange)YesOrdinary Registered SharesCHCHFOct 2015
G24ETLX (Eurotlx)YesOrdinary Registered SharesITEUROct 2015
G24WBAG (Wiener Boerse AG)YesOrdinary Registered SharesATEUROct 2015

Biography

Scout24 AG operates digital marketplaces specializing in the real estate and automotive sectors in Germany and other European countries. The company operates through ImmobilienScout24, AutoScout24, and Sco ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 21:57
End of Day Share Price2019/12/11 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.