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German online classifieds company operating ImmoScout24, the leading real estate listings marketplace.
German online classifieds company operating ImmoScout24, the leading real estate listings marketplace.
Real estate agents and landlords pay monthly subscriptions and per-listing fees to appear in front of home searchers, while searchers use the site free, so price rises on subscriptions and premium placements carry growth. It sold AutoScout24 in 2020 and is now a pure property platform.
Moat: wide (network effects, brand, scale). Leading German real estate portal with dominant two-sided network of listings and searchers.
Headquarters: Munich, Germany · Founded: 1998 · Employees: 1,111
Size Scout24 (G24.DE) is a Germany Information Technology company (Internet Software/Services) with a market value of $6.99B, the 61st largest of 205 Germany companies the cockpit tracks. Shares closed at €89.10 on 6 Nov 2026.
Performance Over six months the shares gained 18.8%, against +7.2% for the median peer and +2.6% for the Germany market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 15.6% over the last twelve months (peer median +7.9%); the operating margin is 48.5% (peer median 24.7%).
Valuation It trades at 22.3× forward earnings against a peer median of 28.8× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.9 points above its cost of capital (7.5% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €704M | €650M | €566M | €509M | €448M |
| Revenue growth | — | +15% | +11% | +14% | — |
| Gross profit | €446M | €325M | €281M | €263M | €213M |
| EBITDA | €395M | €340M | €300M | €278M | €229M |
| Net income | €283M | €240M | €162M | €179M | €124M |
| Free cash flow | €267M | €280M | €253M | €197M | €157M |
| Capital expenditure | €25.7M | €21.1M | €24.9M | €24.3M | €29.6M |
| Total debt | n/a | €150M | €180M | €188M | €162M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Scout24 G24.DE | $6.99B | +19% | +16% | 49% | 22.3× | 10.3% |
| Rightmove RMV.L | $5.38B | +35% | +7% | 66% | 18.1× | 11.6% |
| Zillow Z | $6.66B | -29% | +18% | 2% | 11.4× | n/a |
| REA REA.AX | $15.9B | +2% | +4% | 48% | 31.3× | 19.3% |
| CoStar CSGP | $12.3B | -7% | +20% | 6% | 18.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | G24.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +25.1% | +8.8% | 3rd highest of 21 |
| 6-month return | +18.8% | +7.2% | 8th highest of 20 |
| Distance from 52-week high | -5.9% | -25.7% | 4th highest of 21 |
| Revenue growth (TTM) | +15.6% | +7.9% | 6th highest of 21 |
| Operating margin | 48.5% | 24.7% | 5th highest of 21 |
| Forward P/E | 22.3× | 28.8× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 10.3% | 14.2% | 6th least demanding of 17 |
| Growth delivered (Del g) | +12.9% | +11.7% | 8th highest of 17 |
| Hurdle (Req g minus delivered) | -2.6 pp | -3.1 pp | 9th least demanding of 17 |
| ROIC minus cost of capital | +5.9 pp | -0.1 pp | 4th highest of 16 |
| EV / EBITDA | 17.4× | 15.1× | 5th most expensive of 13 |
| Net debt / EBITDA | 1.6× | 1.0× | 5th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Scout24 G24.DE | Germany | $6.99B | +19% | +16% | 49% | 22.3× | 10.3% | +12.9% |
| CAR CAR.AX | Australia | $6.85B | -3% | +6% | 38% | 28.5× | 21.8% | +24.0% |
| Info Edge India NAUKRI.NS | India | $8.18B | +21% | +13% | 34% | 59.6× | 51.8% | +23.8% |
| Mobility Global MBGL | United States | $5.79B | n/a | +8% | 51% | 13.2× | -6.0% | +8.5% |
| Autotrader AUTO.L | United Kingdom | $5.68B | +12% | +4% | 62% | 14.3× | -0.7% | +18.9% |
| Rightmove RMV.L | United Kingdom | $5.38B | +35% | +7% | 66% | 18.1× | 11.6% | +15.6% |
| Braze BRZE | United States | $5.20B | +111% | +27% | -13% | 57.1× | 27.9% | +37.5% |
| Vend Marketplaces VEND.OL | Norway | $5.11B | -4% | -14% | 29% | 35.2× | 10.7% | -13.2% |
| Mango Excellent Media 300413.SZ | China | $9.77B | +79% | +10% | -3% | 143.0× | 13.1% | -0.3% |
| PB Fintech POLICYBZR.NS | India | $4.74B | -43% | +37% | 7% | 41.0× | n/a | n/a |
| AUTO1 AG1.DE | Germany | $4.34B | -14% | +21% | 1% | 29.2× | n/a | n/a |
| Gartner IT | United States | $12.0B | +20% | 0% | 19% | 11.8× | -4.0% | +9.6% |
| SMG Swiss Marketplace SMG.SW | Switzerland | $3.77B | +7% | +13% | 35% | 23.9× | 5.8% | +12.4% |
| Seek SEK.AX | Australia | $3.59B | +8% | +17% | 24% | 25.8× | 17.7% | +11.1% |
| Crisil CRISIL.NS | India | $3.40B | +6% | +24% | 26% | 35.0× | n/a | n/a |
| Check Point Software Technologies CHKP | United States | $14.7B | +25% | +3% | 28% | 13.4× | -1.7% | +5.7% |
| Informa INF.L | United Kingdom | $15.3B | +5% | +5% | 19% | 15.5× | 15.4% | +19.5% |
| People PPLI | United States | $3.16B | -4% | -29% | 2% | 38.9× | 36.5% | -2.8% |
| People.cn 603000.SS | China | $2.69B | -15% | 0% | 12% | 77.2× | 28.6% | -0.4% |
| Aditya Birla Sun Life Amc ABSLAMC.NS | India | $2.68B | -19% | +4% | 60% | 23.9× | n/a | n/a |
| Youdao, Inc. Sponsored ADR DAO | United States | $2.50B | +59% | +10% | 4% | 59.4× | 33.6% | +17.6% |