Scout24 SE SCCTY

Communication ServicesSoftware & IT ServicesGermany

Last close 47.78 USD on Nov 3, 2026, −5.0% year to date

Quant rating

Quant rating B Rank 28 of 152 in Communication Services

Growth C 76 of 152
Valuation C 93 of 152
Quality A 19 of 152
Revisions B 55 of 152
Momentum B 47 of 152

Wall Street consensus Buy (1.70)Average target 117.85 USD +146.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 6.9B
Enterprise value: 7.3B
52-week range: 35.68 – 53.06
3-year range: 35.68 – 72.17
Dividend yield: 1.74%
Beta (5 years): –
Shares outstanding: 72.0M
Next earnings: Nov 4, 2026

About the company

Scout24 SE is a Germany-based holding company offering digital services to the real estate sector. Through its platform ImmoScout24, the Company provides digital real estate listing and search for residential and commercial real estate, by bringing together homeowners, real estate agents, tenants, and buyers in Germany and Austria. The listings on ImmoScout24 are made under membership programs or as individual orders/pay per advertisement. Supplementary products and services related to the real estate listing, i.e. along with purchase/sale transactions(sale journey) or rental transactions (rent journey) are also provided on ImmoScout24.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	763	586	562	479	442	–
Revenue growth	30.1%	4.4%	17.3%	8.3%	2.3%	12.0%
EPS (basic, normalized)	4.09	3.02	2.73	2.07	1.69	–
EPS growth	35.8%	10.4%	32.0%	22.3%	–	–
Gross margin	100.9%	101.2%	101.8%	101.9%	101.5%	101.5%
Net margin	37.0%	28.6%	35.1%	27.6%	23.3%	30.3%
ROE	16.5%	11.3%	12.8%	7.9%	3.9%	10.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	41.6
Current ratio	0.23x
Long-term debt (mil)	374
Net debt (mil)	457
Total equity (mil)	1,316
Net debt / equity	0.35x
Net debt / EBITDA	0.95x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	763	+30.1%	9.6x	479	+36.9%	15.3x	4.09	+35.8%	11.7x
2026	857	+12.4%	8.6x	515	+7.5%	14.3x	4.59	+12.1%	10.4x
2027	954	+11.3%	7.7x	580	+12.7%	12.7x	5.38	+17.3%	8.9x
2028	1,044	+9.5%	7.0x	647	+11.7%	11.3x	6.32	+17.5%	7.6x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	857	0.0%	+0.2%	+0.6%	4.59	0.0%	+0.3%	+2.7%
2027	954	0.0%	+0.2%	+0.8%	5.38	−0.1%	+0.6%	+3.1%
2028	1,044	0.0%	+0.3%	+1.8%	6.32	−0.1%	+1.1%	+4.7%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	FQ-7	Dec 2024	Mar 2025	Jun 2025	FQ-3	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	136	140	144	147	158	161	166	166	180	193
Sales mean (mil)	135	137	144	146	153	158	163	166	–	190
Surprise	+0.5%	+1.7%	+0.1%	+0.5%	+2.9%	+1.4%	+1.8%	−0.4%	–	+1.4%
EPS reported	0.54	0.47	–	0.78	0.79	0.54	–	0.92	0.91	1.02
EPS mean	0.68	–	–	–	0.81	0.86	–	–	–	0.99
Surprise	−20.6%	–	–	–	−2.5%	−37.2%	–	–	–	+3.0%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SCCTY Scout24 SE	6.9B	0.95x	37.0%	5.17x	10.4x	8.9x	14.3x	12.7x
COMP Compass Inc	7.1B	9.04x	−0.8%	2.36x	61.6x	45.5x	11.2x	8.8x
SQNNY SQUARE ENIX HOLDINGS CO., LTD.	7.0B	−3.98x	9.9%	3.05x	13.1x	12.3x	12.7x	12.2x
MMXGY MiniMax Group Inc.	7.0B	–	−2,368.0%	4.62x	−2.7x	−2.3x	−7.9x	−6.3x
GLBE Global-E Online Ltd.	7.0B	−2.67x	7.1%	7.71x	34.5x	25.5x	22.0x	16.4x
PATH UiPath Inc	6.8B	−3.32x	17.5%	3.51x	16.7x	14.2x	11.3x	10.4x
Mean		0.00x	−382.9%	4.40x	22.3x	17.3x	10.6x	9.0x
Median		−2.67x	8.5%	4.07x	14.9x	13.2x	12.0x	11.3x

Technical analysis

1M+25.0%
3M+9.2%
1Y−16.5%
3Y+10.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Scout24 SE, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	763	586	562	479	442	432
Cost of revenue	−6.7	−7.0	−10.4	−9.1	−6.5	−7.7
Gross profit	770	593	572	488	449	440
Selling, general & administrative expenses	292	229	215	202	178	167
Research & development	–	–	–	–	–	–
Depreciation/amortization	57.2	48.7	40.1	35.4	65.3	62.9
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	2.4	1.2	0	9.9	6.4	−0.8
Other operating expenses	76.9	52.5	49.7	39.5	43.0	31.4
Operating income	341	262	268	202	157	179
Net interest income (expense)	−6.6	−3.7	−0.5	−14.4	−3.7	−5.3
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−5.1	−11.9	1.3	−0.5	−2.0	−0.6
Net income before taxes	330	246	268	187	151	173
Provision for taxes	47.6	78.5	71.0	54.4	47.9	48.2
Minority interest	0	0	0	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	282	168	197	132	103	125
Extraordinary items	–	–	–	0	−0.1	2,766
Net income	282	168	197	132	103	2,891
EBIT, normalized	382	283	284	225	176	187
EBITDA, normalized	438	331	324	260	241	250
Basic EPS, normalized	4.09	3.02	2.73	2.07	1.69	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Scout24 SE, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	60.0	61.0	53.5	41.8	667	2,128
Receivables	66.8	54.2	57.6	36.0	27.9	25.6
Total inventory	–	–	–	–	–	–
Prepaid expenses	8.1	6.5	9.2	10.2	8.5	6.6
Other current assets	0.1	1.6	2.3	1.2	0.8	0.7
Total current assets	135	123	123	89.3	704	2,161
Property, plant & equipment	52.5	56.1	65.3	64.4	75.7	87.8
Goodwill	1,087	946	958	840	889	870
Intangibles	1,131	1,008	1,067	1,006	1,069	1,163
Long-term investments	11.3	11.3	5.2	1.0	5.2	16.3
Note receivable	1.0	0.1	7.1	8.9	9.1	–
Other long-term assets	0.3	1.4	3.2	3.3	0	0.7
Total assets	2,418	2,146	2,229	2,013	2,753	4,299
Liabilities
Accounts payable	22.3	18.9	15.3	19.7	19.6	16.2
Payable/accrued	–	–	–	–	–	–
Accrued expenses	25.0	24.3	27.4	17.9	16.5	14.5
Short-term debt	0	0	0	0	1.6	84.1
Current portion of long-term debt	141	143	142	118	76.4	11.4
Other current liabilities	170	85.3	47.2	34.2	46.3	47.9
Total current liabilities	359	271	232	190	160	174
Long-term debt	34.7	43.3	53.5	54.5	217	309
Minority interest	–	0	0.4	–	–	–
Other liabilities	290	348	346	325	360	380
Total liabilities	683	663	631	570	737	863
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	88.1	77.6	82.8	85.8	95.0	129
Additional paid-in capital	245	216	229	212	222	211
Retained earnings (accumulated deficit)	1,726	1,347	1,371	1,525	1,781	3,726
Treasury stock	−324	−158	−86.9	−382	−82.0	−630
Other equity	1.2	1.1	1.2	1.2	0	0
Total equity	1,735	1,483	1,597	1,443	2,016	3,437
Total liabilities & shareholders' equity	2,418	2,146	2,229	2,013	2,753	4,299

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Scout24 SE, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	282	168	197	132	103	125
Depreciation, depletion & amortization	58.3	48.7	40.1	45.3	71.7	62.9
Deferred taxes	–	–	–	–	–	–
Non-cash items	62.4	95.3	71.5	68.7	45.3	−6.0
Changes in working capital	−68.0	−45.8	−87.1	−72.9	−66.2	−80.5
Cash from operations	335	266	222	173	154	102
Investing activities
Capital expenditures	−24.8	−25.8	−26.8	−31.7	−33.2	−44.0
Other investing cash flows	−21.7	−55.2	−51.0	474	1,184	1,553
Cash from investing	−46.4	−81.0	−77.9	442	1,151	1,509
Financing activities
Financing cash flow items	−4.4	−4.0	−4.2	−5.2	−12.1	−21.1
Cash dividends paid	−113	−91.2	−81.0	−71.1	−77.8	−114
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−178	−82.6	−48.4	−626	−1,280	−1,344
Cash from financing	−295	−178	−134	−702	−1,370	−1,479
Foreign exchange effects	0	0	0	0	0	0
Net change in cash	−7.0	7.3	10.4	−86.6	−65.5	131
Free cash flow	310	240	195	142	121	57.5

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.