INTERNATIONAL WORKPLACE GROUP PLC |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 175.6 GBX | +0.26% |
|
+0.40% | -7.50% |
| Jun. 28 | International Workplace gains new USD720 million credit facility | AN |
| Jun. 28 | International Workplace Group plc Issues Debut Euro Investment Grade Bond, Extends Debt Maturity Total Debt | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,851 | 3,454 | 2,932 | 1,671 | 1,906 | 1,772 | - | - |
| Enterprise Value (EV) 1 | 10,691 | 10,364 | 9,450 | 8,275 | 7,891 | 7,690 | 7,507 | 7,316 |
| P/E ratio | 8.78 x | -5.05 x | -14.3 x | -14.8 x | -8.85 x | 125 x | 32.5 x | 11.6 x |
| Yield | 1.6% | - | - | - | 0.53% | 0.91% | 1.93% | 2.67% |
| Capitalization / Revenue | 1.45 x | 1.39 x | 1.32 x | 0.61 x | 0.64 x | 0.54 x | 0.5 x | 0.47 x |
| EV / Revenue | 4.03 x | 4.18 x | 4.24 x | 3.01 x | 2.67 x | 2.34 x | 2.12 x | 1.96 x |
| EV / EBITDA | 7.21 x | 8.4 x | 8.93 x | - | 5.36 x | 4.94 x | 4.25 x | 3.71 x |
| EV / FCF | -61.5 x | 15.5 x | 18.4 x | 9.14 x | 7.56 x | 56.4 x | 36.6 x | 30 x |
| FCF Yield | -1.63% | 6.45% | 5.44% | 10.9% | 13.2% | 1.77% | 2.73% | 3.33% |
| Price to Book | 4.37 x | 6.72 x | 9.94 x | - | 56 x | 28.6 x | 38.9 x | 11.2 x |
| Nbr of stocks (in thousands) | 884,232 | 1,006,470 | 1,007,414 | 1,006,684 | 1,006,689 | 1,012,007 | - | - |
| Reference price 2 | 4.355 | 3.432 | 2.910 | 1.660 | 1.893 | 1.751 | 1.751 | 1.751 |
| Announcement Date | 3/3/20 | 3/9/21 | 3/8/22 | 3/7/23 | 3/5/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,653 | 2,480 | 2,228 | 2,751 | 2,958 | 3,292 | 3,543 | 3,736 |
| EBITDA 1 | 1,483 | 1,234 | 1,058 | - | 1,472 | 1,558 | 1,768 | 1,973 |
| EBIT 1 | 287.9 | -352 | -56 | - | 145 | 396.6 | 507.7 | 719.6 |
| Operating Margin | 10.85% | -14.19% | -2.51% | - | 4.9% | 12.05% | 14.33% | 19.26% |
| Earnings before Tax (EBT) 1 | 55.9 | -620.1 | -259.4 | -105 | -189 | 22.6 | 65 | 207.1 |
| Net income 1 | 450.6 | -646.8 | -204.8 | -117 | -215 | 13.4 | 49.7 | 137.4 |
| Net margin | 16.98% | -26.08% | -9.19% | -4.25% | -7.27% | 0.41% | 1.4% | 3.68% |
| EPS 2 | 0.4960 | -0.6790 | -0.2030 | -0.1120 | -0.2140 | 0.0141 | 0.0538 | 0.1506 |
| Free Cash Flow 1 | -173.8 | 668 | 514.3 | 905 | 1,044 | 136.3 | 204.9 | 243.5 |
| FCF margin | -6.55% | 26.93% | 23.08% | 32.9% | 35.29% | 4.14% | 5.78% | 6.52% |
| FCF Conversion (EBITDA) | - | 54.14% | 48.62% | - | 70.92% | 8.75% | 11.59% | 12.34% |
| FCF Conversion (Net income) | - | - | - | - | - | 1,017.16% | 412.22% | 177.28% |
| Dividend per Share 2 | 0.0695 | - | - | - | 0.0100 | 0.0159 | 0.0338 | 0.0467 |
| Announcement Date | 3/3/20 | 3/9/21 | 3/8/22 | 3/7/23 | 3/5/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,351 | 1,323 | 1,158 | 1,067 | 1,161 | - | 1,464 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT | 237.3 | -13.4 | -261.3 | -147.4 | - | - | - |
| Operating Margin | 17.57% | -1.01% | -22.57% | -13.82% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | -77 | - |
| Net margin | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | -0.0770 | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 3/3/20 | 8/4/20 | 3/9/21 | 8/10/21 | 3/8/22 | 8/9/22 | 3/7/23 |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,840 | 6,910 | 6,518 | 6,604 | 5,985 | 5,918 | 5,735 | 5,544 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.613 x | 5.6 x | 6.163 x | - | 4.066 x | 3.798 x | 3.243 x | 2.81 x |
| Free Cash Flow 1 | -174 | 668 | 514 | 905 | 1,044 | 136 | 205 | 244 |
| ROE (net income / shareholders' equity) | 9.59% | -87.1% | -50.6% | - | -47.6% | 9.2% | 16% | 11.6% |
| ROA (Net income/ Total Assets) | 1.26% | - | - | - | - | -0.5% | -0.15% | - |
| Assets 1 | 35,652 | - | - | - | - | -2,662 | -33,606 | - |
| Book Value Per Share 2 | 1.000 | 0.5100 | 0.2900 | - | 0.0300 | 0.0600 | 0.0500 | 0.1600 |
| Cash Flow per Share 2 | 1.450 | 0.9300 | 0.6700 | 1.140 | 1.100 | 0.6400 | 0.7300 | 0.9400 |
| Capex 1 | 393 | 301 | 221 | 242 | 153 | 170 | 161 | 137 |
| Capex / Sales | 14.83% | 12.12% | 9.9% | 8.8% | 5.17% | 5.16% | 4.54% | 3.66% |
| Announcement Date | 3/3/20 | 3/9/21 | 3/8/22 | 3/7/23 | 3/5/24 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
1.751
GBP
Average target price
2.298
GBP
Spread / Average Target
+31.21%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -7.50% | 2.26B | |
| +14.85% | 368M | |
| +39.82% | 286M | |
| -13.75% | 217M | |
| -0.85% | 111M | |
| +19.57% | 71.83M |
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- Financials International Workplace Group plc
