DB:G24

Stock Analysis Report

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Executive Summary

Scout24 AG operates digital marketplaces specializing in the residential and commercial real estate sectors in Germany and internationally. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.

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 is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: G24's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.2%

G24

-0.5%

DE Interactive Media and Services

1.3%

DE Market


1 Year Return

10.4%

G24

7.8%

DE Interactive Media and Services

1.5%

DE Market

Return vs Industry: G24 exceeded the German Interactive Media and Services industry which returned 7.8% over the past year.

Return vs Market: G24 exceeded the German Market which returned 1.4% over the past year.


Shareholder returns

G24IndustryMarket
7 Day-2.2%-0.5%1.3%
30 Day-10.4%-4.6%12.8%
90 Day-20.0%-13.9%2.7%
1 Year11.9%10.4%9.1%7.8%4.7%1.5%
3 Year82.5%75.8%39.6%36.0%5.7%-3.4%
5 Year118.4%108.5%56.5%50.8%25.8%8.0%

Long-Term 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?

77.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: G24 (€62.45) is trading above our estimate of fair value (€48.3)

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 (78x) compared to the XE Interactive Media and Services industry average (35.2x).

PE vs Market: G24 is poor value based on its PE Ratio (78x) compared to the German market (23.1x).


Price to Earnings Growth Ratio

PEG Ratio: G24's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: G24 is good value based on its PB Ratio (2.2x) compared to the XE Interactive Media and Services industry average (3.4x).


Next Steps

Future Growth

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

-75.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: G24's earnings are forecast to decline over the next 3 years (-75.1% per year).

Earnings vs Market: G24's earnings are forecast to decline over the next 3 years (-75.1% per year).

High Growth Earnings: G24's earnings are forecast to decline over the next 3 years.

Revenue vs Market: G24's revenue (9.8% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: G24's revenue (9.8% 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 (9.1%).


Next Steps

Past Performance

How has Scout24 performed over the past 5 years?

0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: G24 has high quality earnings.

Growing Profit Margin: G24's current net profit margins (22.6%) are higher than last year (8.9%).


Past Earnings Growth Analysis

Earnings Trend: G24's earnings have grown by 0.5% per year over the past 5 years.

Accelerating Growth: G24's earnings growth over the past year (368.8%) exceeds its 5-year average (0.5% per year).

Earnings vs Industry: G24 earnings growth over the past year (368.8%) exceeded the Interactive Media and Services industry 42.5%.


Return on Equity

High ROE: G24's Return on Equity (2.9%) is considered low.


Next Steps

Financial Health

How is Scout24's financial position?


Financial Position Analysis

Short Term Liabilities: G24's short term assets (€1.9B) exceed its short term liabilities (€123.8M).

Long Term Liabilities: G24's short term assets (€1.9B) exceed its long term liabilities (€581.0M).


Debt to Equity History and Analysis

Debt Level: G24's debt to equity ratio (9.2%) is considered satisfactory.

Reducing Debt: G24's debt to equity ratio has reduced from 77.5% to 9.2% over the past 5 years.

Debt Coverage: G24's debt is well covered by operating cash flow (39.9%).

Interest Coverage: G24's interest payments on its debt are well covered by EBIT (11x coverage).


Balance Sheet


Next Steps

Dividend

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

1.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: G24's dividend (1.43%) is higher than the bottom 25% of dividend payers in the German market (1.11%).

High Dividend: G24's dividend (1.43%) is low compared to the top 25% of dividend payers in the German market (3.71%).


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 4 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (111.3%), G24's dividend payments are not 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 (40.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Tobi Hartmann (48 yo)

2yrs

Tenure

€3,256,400

Compensation

Mr. Tobias Hartmann, also known as Tobi, is a Director of SGS SA since 2020. He has been Chief Executive Officer and Member of the Management Board at Scout24 AG since November 19, 2018. Mr. Hartmann serve...


CEO Compensation Analysis

Compensation vs Market: Tobi's total compensation ($USD3.89M) is about average for companies of similar size in the German market ($USD3.98M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Tobias Hartmann
CEO & Chairman of Management Board2yrs€3.26mno data
Dirk Schmelzer
CFO & Member of Executive Board1.42yrs€4.95mno data
Thomas Schroeter
Chief Product Officer & Member of Management Board1.92yrs€1.03mno data
Ralf Weitz
Chief Commercial Officer & Member of Management Board1.92yrs€1.03mno data
Ursula Querette
Head of Investor Relationsno datano datano data
Jan Flaskamp
Vice President of Communications & Marketingno datano datano data
Marc Stilke
Chief Executive Officer of Immobilienscout2410.92yrsno datano data
Michael Stoelwinder
Chief Product Officer of AutoScout24no datano datano data

1.9yrs

Average Tenure

Experienced Management: G24's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Hans Albrecht
Independent Chairman of the Supervisory Board2.42yrs€200.00kno data
Christoph Brand
Independent Member of Supervisory Board1.25yrs€31.70kno data
Peter Schwarzenbauer
Independent Member of Supervisory Board3.42yrs€86.70kno data
Thorsten Langheim
Member of Advisory Board6.75yrsno datano data
Frank Lutz
Independent Member of Supervisory Board1.25yrs€70.00kno data
Axel Lützner
Member of Advisory Board5.83yrsno datano data
André Schwämmlein
Independent Member of Supervisory Board1.25yrs€38.30kno data
Elke Frank
Supervisory Board Member0.42yrno datano data

1.8yrs

Average Tenure

53yo

Average Age

Experienced Board: G24's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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 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: €6.169b
  • Shares outstanding: 97.84m
  • 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
SCOT.FOTCPK (Pink Sheets LLC)YesOrdinary Registered SharesUSUSDOct 2015

Biography

Scout24 AG operates digital marketplaces specializing in the residential and commercial real estate sectors in Germany and internationally. It operates real estate classifieds portal for commercial and pri...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 19:17
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.