Scout24 AG
5-year stock timeline
Scout24 completed the sale of AutoScout24 (including FinanceScout24 and FINANZCHECK) to affiliates of Hellman & Friedman for approximately EUR 2.84bn in April 2020.
The company executed a large public repurchase offer in April 2021, buying back roughly 11.4 million shares for EUR 794.2m as part of a capital-return roadmap tied to the AutoScout24 proceeds. Through 2021 and 2022, management confirmed solid revenue growth of around 10% in FY2021 and proposed dividends at the upper end of policy while outlining a strategy to strengthen verticals and evolve beyond a traditional marketplace model.
The post-sale period positioned Scout24 as a cash-rich capital-return story. Proceeds from AutoScout24 funded buybacks and a formal roadmap to return up to approximately EUR 1.69bn to shareholders. Management pitched the company as a growth and transition story, with accelerating revenue targets and repositioning toward industry verticals and a networked marketplace—a narrative that combined growth with structured cash returns.
From 2022 onward, investor focus gradually shifted toward profitability and cash flow generation. Macro uncertainty, lingering Covid effects, and carve-out dis-synergies from the AutoScout24 separation tempered the pure growth narrative and brought margin discipline and cost management to the forefront.
Technically, the 2020 period following the sale saw material re-rating and sustained uptrend momentum, driven by the EUR 2.84bn proceeds and expectations of substantial shareholder returns. The 2021–2022 phase produced a plateau with episodic volatility—buybacks and strong quarterly updates supported rebounds, while macro weakness and reported dis-synergies created pullbacks and sideways-to-downtrend periods. From 2023 through 2026, the stock spent time base-building as management clarified strategy at Capital Markets Day and issued guidance updates. Selective breakouts followed positive results and strategy milestones, bringing the stock to its current level of 70.95.
Key risks and downside factors
Scout24 operates ImmobilienScout24 and AutoScout24, the leading digital marketplaces for real estate and automotive classifieds across Germany and Europe. The market is densely populated with serious competitors—Adevinta, REA Group, Rightmove, Auto Trader, plus regional players like Immowelt and WG-Gesucht—which means constant pressure on pricing and the need to stay sharp on product innovation.
- High revenue concentration in German real estate and automotive classifieds leaves the business exposed to local market slowdowns.
- Intense competition from large pan-European classifieds and specialized niche platforms creates persistent pressure on pricing power, customer retention, and marketing spend requirements [23][5].
- Regulatory and compliance pressures—data protection requirements, platform oversight, and emerging digital markets rules—could meaningfully increase operating costs and constrain how the business actually functions.
- Revenue and margins in property and used-car markets swing with economic cycles and transaction volumes, creating predictable but sharp volatility tied to broader conditions.
Competitive landscape
Scout24 operates Germany's leading real-estate and automotive classifieds platforms—ImmobilienScout24 and AutoScout24—generating revenue primarily through agent and advertiser services. The competitive landscape is fragmented: pan-European marketplaces like Adevinta and Schibsted compete on scale, specialist portals like Rightmove and CoStar on depth, and consumer platforms like Zillow on listings and traffic. The business faces persistent headwinds. Advertiser budgets remain cyclical and sensitive to market conditions. Competition continues to intensify as platforms diversify their offerings. Regulatory and data-privacy constraints in the EU add structural friction. And housing and auto market weakness directly suppresses both listings and ad spend—the core levers of the model.
Private competitors
- InstaMotion [web:5]
- Brumbrum [web:5]
- Reezocar [web:5]
- WG-Gesucht.de [web:6]
Get More Stock Analyses Like This
Receive hand-picked stock recommendations with detailed analyses every week
Start Free TrialPerformance Figures of Scout24 AG
Relative Performance vs Benchmarks
| Period | Scout24 AG | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +5.11% | +0.85% | -0.34% |
| 3M | -1.80% | -0.84% | -11.50% |
| 6M | -19.47% | -24.53% | -29.91% |
| 1Y | -39.47% | -43.65% | -68.62% |
| 3Y | +25.05% | -31.93% | -60.62% |
| 5Y | +14.43% | -46.93% | -76.87% |
Get More Stock Analyses Like This
Receive hand-picked stock recommendations with detailed analyses every week
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 | 6.8 | 3.5 | 17.8 |
| 1Y ago | 49.8 | 14.1 | 5.8 | 33.4 |
| 3Y ago | 31.4 | 9.2 | 3.2 | 27.2 |
| 5Y ago | 2.7 | 18.0 | 2.3 | 106.1 |
Frequently Asked Questions
Where is the Scout24 AG stock traded?
What does Scout24 AG do?
What are the key metrics for G24.XETRA?
How has Scout24 AG's stock price performed?
How is G24.XETRA valued?
Does G24.XETRA pay dividends?
What are the key risks when investing in G24.XETRA?
- High revenue concentration in German real estate and automotive classifieds leaves the business exposed to local market slowdowns.
- Intense competition from large pan-European classifieds and specialized niche platforms creates persistent pressure on pricing power, customer retention, and marketing spend requirements [web:23][web:5].
- Regulatory and compliance pressures—data protection requirements, platform oversight, and emerging digital markets rules—could meaningfully increase operating costs and constrain how the business actually functions.
- Revenue and margins in property and used-car markets swing with economic cycles and transaction volumes, creating predictable but sharp volatility tied to broader conditions.
Who are the main competitors of Scout24 AG?
When does Scout24 AG report earnings?
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)
