Scout24 AG
5-year stock timeline
Using the latest price of €63.30 (2026-03-27) as the current reference, the timeline below summarizes the material company, market-narrative, and technical developments for Scout24 (G24.XETRA) from ~2020–2026. The focus is on events that plausibly moved the stock and how investors re-rated the business over that period.
Major events
In mid-2023, AutoScout24 replaced CEO Edgar Berger with Peter Brooks‑Johnson, signaling a management and strategic reset at the auto vertical. The more significant inflection came in 2025 when Scout24 announced the sale of AutoScout24 to Hellman & Friedman for roughly €2.9bn. The move repositioned Scout24 toward ImmoScout24 while committing to capital returns to shareholders. Into early 2026, Scout24 published FY2025 results with a proposed dividend increase and confirmed 2026 guidance; a new CFO was appointed effective 1 March 2026. Meanwhile, AutoScout24 under private ownership pursued its own M&A, including an agreement to acquire TRADER in January 2026 as part of a Thoma Bravo-backed deal.
Investor narrative
From 2020–22, the story evolved from growth-stage classifieds into a cyclical correction. A sharp 2022 drawdown of roughly 29% forced investors to scrutinize margin resilience and organic growth more carefully. The 2023–25 period brought a meaningful re-rating: operating performance improved, asset monetization through the AutoScout24 sale materialized, and explicit shareholder returns shifted the framing away from a pure multi-vertical growth thesis toward a capital-return and core-real-estate narrative anchored on ImmoScout.
Technical phases
From 2020–2022, price action was defined by weakness and consolidation, with a pronounced pullback in 2022. Recovery began to take shape in 2023 as a base formed. The 2024–late 2025 period saw a sustained uptrend with a clear breakout into the €100–€110 range in 2025, including a high-volume intraday event in September. From that ~€110 peak to the current price of €63.30 represents a drawdown of roughly 43%, framing the present opportunity and risk tradeoff between mean-reversion upside and execution risk tied to ImmoScout fundamentals and capital allocation decisions.
Key risks and downside factors
Scout24's core marketplace (ImmobilienScout24) faces intense competition from domestic portals like Immowelt/Immonet and niche players such as WG-Gesucht, while global listed classifieds operators—REA Group, Rightmove, Adevinta—serve as both strategic and financial benchmarks. The competitive landscape is shifting toward transaction-adjacent services and enhanced agent tooling, as evidenced by how Zillow and CoStar are repositioning themselves, which in turn pressures Scout24's monetization strategy and forces constant product refinement. The company's risk profile centers on its heavy dependence on the German market, cyclical exposure to housing and advertising demand, and the ongoing challenge of maintaining traffic and pricing power against both entrenched local competitors and well-capitalized international platforms.
- Heavy reliance on German traffic and advertiser demand concentrates both macro and regulatory risk, leaving the business exposed to domestic headwinds.
- Growing competitive pressure from local portals like Immowelt, Immonet, and WG-Gesucht, alongside international classifieds platforms, poses a risk to pricing power and market position [1][2].
- Platform evolution risk: competitors expanding into transaction-adjacent services—agents, rentals, financing—could squeeze Scout24's margins if the company doesn't broaden its own service offerings quickly enough.
- Advertising spend and housing market cycles can meaningfully pressure listing revenues and lead volumes during downturns.
Competitive landscape
Scout24 runs Germany's dominant real-estate and automotive marketplaces, competing across listings, traffic, and SaaS services against both large classifieds conglomerates and specialized portals. The business faces structural headwinds: consolidated rivals like Axel Springer's Immowelt-Immonet bundle control and pricing leverage, while automotive classifieds remain fiercely competitive. Revenue swings with housing and auto advertising cycles, making the platform sensitive to traffic trends and advertiser spending patterns.
Private competitors
- WG-Gesucht.de [web:1]
- mobile.de (platform; Schibsted/market rival) [web:6]
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Start Free TrialPerformance Figures of Scout24 AG
Relative Performance vs Benchmarks
| Period | Scout24 AG | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | -6.18% | -0.21% | -1.19% |
| 3M | -23.08% | -17.68% | -18.71% |
| 6M | -36.66% | -31.69% | -34.39% |
| 1Y | -31.94% | -34.72% | -49.20% |
| 3Y | +26.23% | -22.00% | -38.85% |
| 5Y | +7.70% | -45.65% | -66.12% |
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Start Free TrialHistorical valuation trends
How the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 15.4 | 6.6 | 3.2 | 16.7 |
| 1Y ago | 40.4 | 11.5 | 4.7 | 27.2 |
| 3Y ago | 28.9 | 8.4 | 2.9 | 25.1 |
| 5Y ago | 2.7 | 17.7 | 2.2 | 103.9 |
Key Metrics
Valuation Metrics
Profitability Metrics
Growth Metrics
Dividend history
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 1.50 EUR | — | 1.45% |
| 2025 | 1.32 EUR | 1.09% | |
| 2024 | 1.20 EUR | 1.68% | |
| 2023 | 1.00 EUR | 1.71% | |
| 2022 | 0.85 EUR | 1.74% | |
| 2021 | 0.82 EUR | 1.15% | |
| 2020 | 1.82 EUR | 2.64% | |
| 2019 | 0.64 EUR | 1.19% | |
| 2019 | 0.56 EUR | 1.22% | |
| 2018 | 0.56 EUR | 1.22% | |
| 2017 | 0.30 EUR | 0.88% |
Earnings history & estimates
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Historical earnings performance
Upcoming earnings report
Analyst estimates for upcoming periods
Key financial figures
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 649.56M | 566.34M | 509.11M | 447.54M | 389.04M |
| Operating income (EBIT) | 291.18M | 254.17M | 245.83M | 196.11M | 142.92M |
| Net income | 240.04M | 162.10M | 178.78M | 123.53M | 90.50M |
| Free cash flow | 280.28M | 232.11M | 176.66M | 132.32M | 106.09M |
| Total assets | 2.11B | 2.07B | 2.02B | 1.88B | 2.42B |
| Equity | 1.48B | 1.43B | 1.45B | 1.35B | 1.77B |
| Net debt | 100.10M | 124.21M | 128.90M | 122.55M | 139.19M |
PWP Leeway UG (haftungsbeschränkt)
