Scout24 SE

SCOTF

Real Estate - Services · Real Estate

Price

$85.00

+0.00 (+0.00%)

Market Cap

$6.01B

Exchange

Other OTC

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 9, 2026 · filings through Mar 31, 2026

Share count falling — buybacks

−18.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 88.1M (2021) → 72.1M (2025)

Scout24 SE runs Germany's largest online real estate marketplace, called ImmoScout24. The platform connects people who want to buy or rent homes with real estate agents and private sellers. It operates mainly in Germany and is the dominant digital hub for residential and commercial property listings in the country.

The company makes money by charging real estate agents and property developers subscription fees and listing fees to advertise on its platform. Scout24 generates nearly all of its revenue from Germany, making it a focused, single-market business with a strong network effect — the more listings it has, the more buyers and renters it attracts, which in turn pulls in more agents. Its main growth driver is expanding premium membership tiers and adding value-added services like mortgage brokerage and moving tools, though its heavy reliance on the German property market means a prolonged housing slowdown there would directly pressure revenue.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.4% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+40.6% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$24M/ year

↓ Declining (-45% vs prior year)

3.6% of revenue

3.6x the sector average (1%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

10.2%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$24M cash & investments

Quarterly Free Cash Flow

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Scout24 SE is a rare growth stock that's already generating positive cash flow while growing at 10%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

91.9%

Premium pricing power — 91.9% gross margin

Operating Margin

57.0%

Excellent — 57.0% operating margin

ROCE

7.1%

Weak — 7.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY

+22.4%

Fast-growing sales (+22.4% YoY)

EPS YoY

+51.7%

Earnings growing fast (+51.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

Weak — only 0% of profit becomes cash

FCF Margin

0.0%

Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

49.46x

Comfortably covers interest (49.5x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

23.5x

Growth-priced — P/E 23.5

P/E above the market average. People are paying up for expected growth.

P/E vs Forward

+8.1

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (23.5 → 15.4)

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Dividends

Dividend Yield

2.02%

Moderate income — 2.02% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

+56.9%

Dividend growing fast (56.9% YoY)

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