| Scout24 AG (DE000A12DM80) | |||
116,80 EURStand (close): 01.07.25 |
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| Datum / Uhrzeit | Titel | Bewertung |
| 17.04.25 12:59:46 | Scout24 (ETR:G24) Is Increasing Its Dividend To €1.32 |  |
| The board of Scout24 SE (ETR:G24) has announced that it will be paying its dividend of €1.32 on the 10th of June, an increased payment from last year's comparable dividend. This takes the dividend yield to 1.3%, which shareholders will be pleased with. We check all companies for important risks. See what we found for Scout24 in our free report. Scout24's Payment Could Potentially Have Solid Earnings Coverage If the payments aren't sustainable, a high yield for a few years won't matter that much. Based on the last payment, Scout24 was quite comfortably earning enough to cover the dividend. This indicates that quite a large proportion of earnings is being invested back into the business. Looking forward, earnings per share is forecast to rise by 82.3% over the next year. If the dividend continues on this path, the payout ratio could be 37% by next year, which we think can be pretty sustainable going forward.XTRA:G24 Historic Dividend April 17th 2025 Check out our latest analysis for Scout24 Scout24 Is Still Building Its Track Record Scout24's dividend has been pretty stable for a little while now, but we will continue to be cautious until it has been demonstrated for a few more years. Since 2017, the annual payment back then was €0.30, compared to the most recent full-year payment of €1.32. This means that it has been growing its distributions at 20% per annum over that time. The dividend has been growing rapidly, however with such a short payment history we can't know for sure if payment can continue to grow over the long term, so caution may be warranted. The Dividend Looks Likely To Grow Investors could be attracted to the stock based on the quality of its payment history. Scout24 has seen EPS rising for the last five years, at 30% per annum. The company's earnings per share has grown rapidly in recent years, and it has a good balance between reinvesting and paying dividends to shareholders, so we think that Scout24 could prove to be a strong dividend payer. Scout24 Looks Like A Great Dividend Stock Overall, a dividend increase is always good, and we think that Scout24 is a strong income stock thanks to its track record and growing earnings. Earnings are easily covering distributions, and the company is generating plenty of cash. Taking this all into consideration, this looks like it could be a good dividend opportunity. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Earnings growth generally bodes well for the future value of company dividend payments. See if the 16 Scout24 analysts we track are forecasting continued growth with our freereport on analyst estimates for the company. Is Scout24 not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 30.03.25 07:41:10 | Scout24 (ETR:G24) Is Increasing Its Dividend To €1.32 | |
| The board of Scout24 SE (ETR:G24) has announced that it will be paying its dividend of €1.32 on the 10th of June, an increased payment from last year's comparable dividend. This makes the dividend yield 1.4%, which is above the industry average. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Scout24's Future Dividend Projections Appear Well Covered By Earnings We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Based on the last payment, Scout24 was quite comfortably earning enough to cover the dividend. This indicates that quite a large proportion of earnings is being invested back into the business. Looking forward, earnings per share is forecast to rise by 79.6% over the next year. If the dividend continues on this path, the payout ratio could be 37% by next year, which we think can be pretty sustainable going forward.XTRA:G24 Historic Dividend March 30th 2025 View our latest analysis for Scout24 Scout24 Is Still Building Its Track Record It is great to see that Scout24 has been paying a stable dividend for a number of years now, however we want to be a bit cautious about whether this will remain true through a full economic cycle. Since 2017, the dividend has gone from €0.30 total annually to €1.32. This implies that the company grew its distributions at a yearly rate of about 20% over that duration. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look. The Dividend Looks Likely To Grow The company's investors will be pleased to have been receiving dividend income for some time. Scout24 has impressed us by growing EPS at 30% per year over the past five years. The company doesn't have any problems growing, despite returning a lot of capital to shareholders, which is a very nice combination for a dividend stock to have. We Really Like Scout24's Dividend In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Distributions are quite easily covered by earnings, which are also being converted to cash flows. All in all, this checks a lot of the boxes we look for when choosing an income stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Earnings growth generally bodes well for the future value of company dividend payments. See if the 15 Scout24 analysts we track are forecasting continued growth with our freereport on analyst estimates for the company. Is Scout24 not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 19.03.25 12:19:57 | Scout24's (ETR:G24) five-year earnings growth trails the solid shareholder returns | |
| When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make significant gains if you buy good quality businesses at the right price. To wit, the Scout24 share price has climbed 91% in five years, easily topping the market return of 53% (ignoring dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 49% in the last year, including dividends. On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns. Check out our latest analysis for Scout24 In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During five years of share price growth, Scout24 achieved compound earnings per share (EPS) growth of 30% per year. The EPS growth is more impressive than the yearly share price gain of 14% over the same period. So one could conclude that the broader market has become more cautious towards the stock. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).XTRA:G24 Earnings Per Share Growth March 19th 2025 This free interactive report on Scout24's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. What About Dividends? When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Scout24's TSR for the last 5 years was 106%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments! A Different Perspective It's nice to see that Scout24 shareholders have received a total shareholder return of 49% over the last year. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 16% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. Before forming an opinion on Scout24 you might want to consider these 3 valuation metrics. Story Continues For those who like to find winning investments this freelist of undervalued companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 03.03.25 04:35:40 | Scout24 Full Year 2024 Earnings: In Line With Expectations |  |
| Scout24 (ETR:G24) Full Year 2024 Results Key Financial Results Revenue: €588.8m (up 11% from FY 2023). Net income: €162.1m (down 9.3% from FY 2023). Profit margin: 28% (down from 34% in FY 2023). The decrease in margin was driven by higher expenses. EPS: €2.22 (down from €2.43 in FY 2023).XTRA:G24 Revenue and Expenses Breakdown March 3rd 2025 All figures shown in the chart above are for the trailing 12 month (TTM) period Scout24 Meets Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations. The primary driver behind last 12 months revenue was the Professional segment contributing a total revenue of €409.9m (70% of total revenue). The most substantial expense, totaling €138.9m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how G24's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Interactive Media and Services industry in Europe. Performance of the market in Germany. The company's share price is broadly unchanged from a week ago. Valuation It's possible that Scout24 could be overvalued with our 6-factor valuation analysis indicating potential weakness. Discover what analysts are forecasting and how the current share price shapes up by clicking here. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 01.03.25 07:16:19 | Returns Are Gaining Momentum At Scout24 (ETR:G24) | |
| If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, we've noticed some promising trends at Scout24 (ETR:G24) so let's look a bit deeper. What Is Return On Capital Employed (ROCE)? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Scout24: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.17 = €301m ÷ (€2.0b - €236m) (Based on the trailing twelve months to December 2024). So, Scout24 has an ROCE of 17%. In isolation, that's a pretty standard return but against the Interactive Media and Services industry average of 28%, it's not as good. See our latest analysis for Scout24 XTRA:G24 Return on Capital Employed March 1st 2025 Above you can see how the current ROCE for Scout24 compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our freeanalyst report for Scout24 . What The Trend Of ROCE Can Tell Us We're pretty happy with how the ROCE has been trending at Scout24. The figures show that over the last five years, returns on capital have grown by 264%. The company is now earning €0.2 per dollar of capital employed. Speaking of capital employed, the company is actually utilizing 25% less than it was five years ago, which can be indicative of a business that's improving its efficiency. A business that's shrinking its asset base like this isn't usually typical of a soon to be multi-bagger company. Our Take On Scout24's ROCE In a nutshell, we're pleased to see that Scout24 has been able to generate higher returns from less capital. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 75% return over the last five years. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist. Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation for G24 that compares the share price and estimated value. Story Continues While Scout24 may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this freelist here. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 28.02.25 07:21:22 | Scout24 SE (XTER:G24) Q4 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ... | |
| Revenue Growth: 11.2% increase for the full year 2024, reaching EUR566.3 million. Ordinary Operating EBITDA: EUR348.1 million, up 14.5%, with a margin of 61.5%. Adjusted EPS: Increased by 15.0% for the full year. Free Cash Flow: EUR223.2 million, growing 34% year-on-year. Professional Segment Revenue: Grew by 9.6% in Q4, totaling EUR106.2 million. Private Segment Revenue: Achieved 13.7% growth in Q4, reaching EUR40.5 million. Subscriber Growth: Private subscription base increased by 24.5% in Q4, reaching 470,000 customers. Operating Cash Flow: EUR257 million, up 27.9% year-on-year. ARPU in Professional Segment: Increased by 7% in 2024, from EUR935 to EUR1,001. Ordinary Operating EBITDA Margin Expansion: 180 basis points for the full year. Leverage: Slight increase to 0.47 after acquisition activities. Warning! GuruFocus has detected 10 Warning Signs with BSP:INTB3. Release Date: February 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Scout24 SE (XTER:G24) achieved a 11.2% revenue growth in 2024, marking the fourth consecutive year of double-digit revenue growth. The company reported a strong ordinary operating EBITDA margin of 61.5%, with a 180 basis point expansion year-on-year. Free cash flow generation was robust, reaching EUR223.2 million, a 34% increase year-on-year, representing a 105% conversion of adjusted net income. The B2B customer base surpassed 25,000, and the private subscription business saw a 24.5% increase in subscribers, reaching 470,000. Scout24 SE (XTER:G24) anticipates revenue growth acceleration in 2025, projecting a range of 12% to 14% with continued EBITDA margin expansion. Negative Points Demand for mortgage leads remains muted despite a recovery in seller leads. The German real estate market is still far from pre-2022 transaction levels due to higher interest rates. Operating expenses increased by 5.6% in 2024, driven by an 8% rise in personnel costs. The financial result decreased due to increased expenses from the subsequent measurement of purchase price liabilities. Reported net income for the fourth quarter decreased by 26.7%, and for the full year, it decreased by 9.3%. Q & A Highlights Q: Can you provide details on the price increase for professional customers in 2025 and the migration to new membership tiers? A: Dirk Schmelzer, CFO, explained that the price increase was in the mid- to high single-digit range, and they are pleased with the market response. About half of the customer base has migrated to the new membership tiers, and they are convincing agents of the value rather than forcing migration. Story Continues Q: How will improving transactions in the property market affect Scout24's business segments? A: Dirk Schmelzer noted that increased transactions will benefit their core agent subscription, transaction enablement, and private subscription businesses. The company is well-positioned to capitalize on returning market activity with enhanced product offerings and interconnectivity strategies. Q: Could you elaborate on the margin expansion guidance for 2025 and 2026? A: Dirk Schmelzer stated that they are on track to achieve a 63% margin target by 2026. The company plans to improve margins on newly acquired assets and expects to leverage these acquisitions to enhance operational performance. Q: What are the growth drivers for Scout24's organic revenue in 2025? A: Dirk Schmelzer indicated that organic growth will be driven by price increases, strong momentum in the private business, and transaction enablement. They expect to transition from high single-digit to low double-digit organic growth. Q: Are there any implications from the recent government changes in Germany for Scout24? A: Tobias Hartmann, CEO, mentioned that they do not foresee any negative impacts from the new government setup. Instead, there is a positive outlook as the government may improve the regulatory environment to attract more capital for real estate development. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. View Comments |
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| 04.02.25 07:04:11 | Calculating The Intrinsic Value Of Scout24 SE (ETR:G24) | |
| Key Insights Scout24's estimated fair value is €109 based on 2 Stage Free Cash Flow to Equity Current share price of €94.65 suggests Scout24 is potentially trading close to its fair value Analyst price target for G24 is €89.89 which is 17% below our fair value estimate Today we will run through one way of estimating the intrinsic value of Scout24 SE (ETR:G24) by taking the expected future cash flows and discounting them to their present value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine. Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. Check out our latest analysis for Scout24 The Method We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (€, Millions) €232.7m €262.2m €290.1m €317.0m €336.0m €351.0m €363.0m €372.8m €380.8m €387.7m Growth Rate Estimate Source Analyst x7 Analyst x7 Analyst x2 Analyst x1 Est @ 5.98% Est @ 4.48% Est @ 3.42% Est @ 2.68% Est @ 2.17% Est @ 1.80% Present Value (€, Millions) Discounted @ 5.3% €221 €237 €249 €258 €260 €258 €253 €247 €240 €232 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF) = €2.5b The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 1.0%. We discount the terminal cash flows to today's value at a cost of equity of 5.3%. Story Continues Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = €388m× (1 + 1.0%) ÷ (5.3%– 1.0%) = €9.1b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= €9.1b÷ ( 1 + 5.3%)10= €5.4b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €7.9b. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of €94.7, the company appears about fair value at a 13% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.XTRA:G24 Discounted Cash Flow February 4th 2025 Important Assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Scout24 as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 5.3%, which is based on a levered beta of 1.046. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. SWOT Analysis for Scout24 Strength Debt is not viewed as a risk. Dividends are covered by earnings and cash flows. Weakness Earnings growth over the past year underperformed the Interactive Media and Services industry. Dividend is low compared to the top 25% of dividend payers in the Interactive Media and Services market. Opportunity Annual revenue is forecast to grow faster than the German market. Current share price is below our estimate of fair value. Threat Annual earnings are forecast to grow slower than the German market. Next Steps: Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. DCF models are not the be-all and end-all of investment valuation. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Scout24, there are three further items you should look at: Financial Health: Does G24 have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk. Future Earnings: How does G24's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. Simply Wall St updates its DCF calculation for every German stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 16.12.24 05:13:24 | With 65% ownership of the shares, Scout24 SE (ETR:G24) is heavily dominated by institutional owners | |
| Key Insights Significantly high institutional ownership implies Scout24's stock price is sensitive to their trading actions 50% of the business is held by the top 14 shareholders Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business If you want to know who really controls Scout24 SE (ETR:G24), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are institutions with 65% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. In the chart below, we zoom in on the different ownership groups of Scout24. Check out our latest analysis for Scout24 XTRA:G24 Ownership Breakdown December 16th 2024 What Does The Institutional Ownership Tell Us About Scout24? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. Scout24 already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Scout24's earnings history below. Of course, the future is what really matters.XTRA:G24 Earnings and Revenue Growth December 16th 2024 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. It would appear that 5.1% of Scout24 shares are controlled by hedge funds. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Our data shows that BlackRock, Inc. is the largest shareholder with 6.2% of shares outstanding. For context, the second largest shareholder holds about 5.1% of the shares outstanding, followed by an ownership of 5.0% by the third-largest shareholder. A closer look at our ownership figures suggests that the top 14 shareholders have a combined ownership of 50% implying that no single shareholder has a majority. Story Continues Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. Insider Ownership Of Scout24 While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Shareholders would probably be interested to learn that insiders own shares in Scout24 SE. The insiders have a meaningful stake worth €193m. Most would see this as a real positive. Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling. General Public Ownership The general public-- including retail investors -- own 24% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. Next Steps: It's always worth thinking about the different groups who own shares in a company. But to understand Scout24 better, we need to consider many other factors. Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 25.11.24 07:55:57 | Is Scout24 SE's (ETR:G24) Recent Stock Performance Influenced By Its Fundamentals In Any Way? | |
| Scout24 (ETR:G24) has had a great run on the share market with its stock up by a significant 26% over the last three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Scout24's ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. See our latest analysis for Scout24 How Do You Calculate Return On Equity? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Scout24 is: 13% = €176m ÷ €1.4b (Based on the trailing twelve months to September 2024). The 'return' is the amount earned after tax over the last twelve months. That means that for every €1 worth of shareholders' equity, the company generated €0.13 in profit. Why Is ROE Important For Earnings Growth? Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes. A Side By Side comparison of Scout24's Earnings Growth And 13% ROE To begin with, Scout24 seems to have a respectable ROE. Be that as it may, the company's ROE is still quite lower than the industry average of 33%. Still, we can see that Scout24 has seen a remarkable net income growth of 23% over the past five years. Therefore, there could be other causes behind this growth. Such as - high earnings retention or an efficient management in place. Bear in mind, the company does have a respectable ROE. It is just that the industry ROE is higher. So this certainly also provides some context to the high earnings growth seen by the company. We then performed a comparison between Scout24's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 21% in the same 5-year period.XTRA:G24 Past Earnings Growth November 25th 2024 Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. What is G24 worth today? The intrinsic value infographic in our free research report helps visualize whether G24 is currently mispriced by the market. Story Continues Is Scout24 Using Its Retained Earnings Effectively? Scout24 has a significant three-year median payout ratio of 51%, meaning the company only retains 49% of its income. This implies that the company has been able to achieve high earnings growth despite returning most of its profits to shareholders. Besides, Scout24 has been paying dividends over a period of eight years. This shows that the company is committed to sharing profits with its shareholders. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 42%. Still, forecasts suggest that Scout24's future ROE will rise to 16% even though the the company's payout ratio is not expected to change by much. Conclusion In total, it does look like Scout24 has some positive aspects to its business. Especially the substantial growth in earnings backed by a decent ROE. Despite the company reinvesting only a small portion of its profits, it still has managed to grow its earnings so that is appreciable. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 04.11.24 12:27:49 | Scout24 SE (ETR:G24) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year | |
| It's been a good week for Scout24 SE (ETR:G24) shareholders, because the company has just released its latest third-quarter results, and the shares gained 2.3% to €83.00. It was a credible result overall, with revenues of €144m and statutory earnings per share of €2.43 both in line with analyst estimates, showing that Scout24 is executing in line with expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. View our latest analysis for Scout24 XTRA:G24 Earnings and Revenue Growth November 4th 2024 Taking into account the latest results, the current consensus from Scout24's 16 analysts is for revenues of €619.9m in 2025. This would reflect a meaningful 8.1% increase on its revenue over the past 12 months. Per-share earnings are expected to soar 26% to €3.05. Yet prior to the latest earnings, the analysts had been anticipated revenues of €618.6m and earnings per share (EPS) of €3.04 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. There were no changes to revenue or earnings estimates or the price target of €82.65, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Scout24 analyst has a price target of €96.00 per share, while the most pessimistic values it at €73.50. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Scout24 is an easy business to forecast or the the analysts are all using similar assumptions. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Scout24's revenue growth is expected to slow, with the forecast 6.4% annualised growth rate until the end of 2025 being well below the historical 12% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 9.2% annually. Factoring in the forecast slowdown in growth, it seems obvious that Scout24 is also expected to grow slower than other industry participants. Story Continues The Bottom Line The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at €82.65, with the latest estimates not enough to have an impact on their price targets. With that in mind, we wouldn't be too quick to come to a conclusion on Scout24. Long-term earnings power is much more important than next year's profits. We have forecasts for Scout24 going out to 2026, and you can see them free on our platform here. It might also be worth considering whether Scout24's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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