WEBULL
WebtradeDownload

Scout24 (XTRA:G24) Reports Higher H1 Earnings, Is The Stock Below Fair Value?

Simply Wall St · 2d ago

Scout24 (XTRA:G24) drew investor attention on 6 August 2026 after reporting second quarter and half year 2026 results, with higher sales, revenue and net income than the same periods in 2025.

See our latest analysis for Scout24.

Scout24's latest earnings release comes after a mixed year for investors, with the share price delivering a 6.05% 90 day return and a 1 year total shareholder return that is down 31.36%, while the 3 year total shareholder return is up 31.85%.

If this earnings update has you thinking about where else growth or income might be hiding in the market, it could be a good moment to scan 108 top founder-led companies

Scout24 shares trade at a sizeable discount to analyst targets despite the recent rebound. This points to either a cautious market or a potential opportunity. Is that caution grounded once you look at the valuation numbers next?

Most Popular Narrative: 44.3% Undervalued

Scout24's most followed valuation narrative points to a fair value of €136.89 against the last close of €76.20. That gap rests on a very specific story about growth, margins and how the stock might be priced a few years from now.

The ongoing shift in consumer behavior toward end-to-end digital property solutions is expected to create outsized upside, with Scout24's dominance in digital renter and homeowner onboarding, combined with conversational AI tools like HeyImmo, set to capture a disproportionately large share of this digitally expanding addressable market, driving sustained double-digit growth in both customers and revenue.

Read the complete narrative. Read the complete narrative.

Want to see what turns that vision into a higher fair value for Scout24? The narrative leans on faster revenue expansion, rising margins and a richer earnings multiple. Curious which specific growth path and profit profile are assumed to justify that higher share price by the end of the decade? The full narrative lays out the exact targets and the pricing needed to get there.

Result: Fair Value of €136.89 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, Scout24's heavy reliance on the German property market and potential regulatory shifts around rent controls or housing data could quickly challenge that upbeat valuation story.

Find out about the key risks to this Scout24 narrative.

Another View on Scout24 Using Cash Flows

While the popular Scout24 narrative leans on a higher fair value of €136.89, the SWS DCF model points in the opposite direction. On this view, the current share price of €76.20 is above an estimated future cash flow value of €62.51, which flags the stock as overvalued rather than undervalued.

That gap between narratives and cash flows gives you two very different anchors for Scout24. It raises a simple question: Which set of assumptions do you trust more when real cash generation is put at the centre of the analysis?

Look into how the SWS DCF model arrives at its fair value.

G24 Discounted Cash Flow as at Aug 2026
G24 Discounted Cash Flow as at Aug 2026

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Scout24 for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 264 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Next Steps

With both cautious and optimistic views around Scout24 on the table, it makes sense to move quickly and test the assumptions against the underlying data yourself. To see the full picture of what the market is pricing in today, including both the potential upside and the key concerns, take a closer look at the 5 key rewards and 1 important warning sign.

Looking for more investment ideas beyond Scout24?

If Scout24 has sharpened your focus on valuation and quality, do not stop here. Use focused stock lists to spot opportunities that match your goals before others do.

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.