Company Valuation: Workspace Group Plc

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,240 836.4 982.8 797.2 656.7 695.5 - -
Change - -32.53% 17.51% -18.89% -17.62% 5.91% - -
Enterprise Value (EV) 1 1,797 1,738 1,838 1,617 1,403 1,324 1,310 1,313
Change - -3.28% 5.72% -12.02% -13.22% -5.62% -1.08% 0.2%
P/E 10.1x -21.9x -5.1x 148x -5.46x -14.9x 12.5x 9.04x
PBR - - 0.63x 0.54x 0.5x 0.57x 0.55x 0.54x
PEG - 0x -0x -1x 0x 0.2x -0x 0.2x
Capitalization / Revenue 9.33x 4.8x 7.79x 6.53x 5.79x 6.89x 6.6x 6.13x
EV / Revenue 13.5x 9.98x 14.6x 13.2x 12.4x 13.1x 12.4x 11.6x
EV / EBITDA 25.6x 17.8x 17.8x 16.4x 15.1x 17x 16.3x 15.2x
EV / EBIT 26.7x 18.3x 18.2x 16.4x 15.3x 17.4x 16.6x 15x
EV / FCF 26.8x -14.3x - 91.3x 126x 14.6x 131x 72.9x
FCF Yield 3.73% -6.98% - 1.09% 0.79% 6.87% 0.76% 1.37%
Dividend per Share 2 0.215 0.258 0.28 0.284 0.261 0.1967 0.178 0.1882
Rate of return 3.14% 5.91% 5.46% 6.84% 7.64% 5.45% 4.93% 5.21%
EPS 2 0.681 -0.199 -1.004 0.028 -0.626 -0.2418 0.2885 0.3992
Distribution rate 31.6% -130% -27.9% 1,014% -41.7% -81.4% 61.7% 47.1%
Net sales 1 132.9 174.2 126.2 122.1 113.4 100.9 105.4 113.4
EBITDA 1 70.1 97.4 103.2 98.8 93.1 77.75 80.18 86.18
EBIT 1 67.4 95.1 100.9 98.8 91.7 76.16 79.14 87.29
Net income 1 123.9 -37.8 -192.5 5.4 -120.3 -46.74 68.87 86.9
Net Debt 1 557.7 902 854.9 819.7 746.5 628.8 614.5 617.1
Reference price 2 6.850 4.368 5.125 4.150 3.415 3.610 3.610 3.610
Nbr of stocks (in thousands) 180,963 191,478 191,775 192,086 192,289 192,649 - -
Announcement Date 6/8/22 5/25/23 6/5/24 6/5/25 6/10/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
40.66x15.63x16.29x5.16% 59.19B
9.55x12.6x15.45x5.22% 17.48B
16.95x23.7x28.74x3.4% 17.46B
20.57x17.25x25.68x4.82% 15.44B
11.51x14.04x16.71x4.98% 13.07B
29.83x11.51x18.09x3.7% 10.74B
9.79x21.89x29.58x2.87% 10.51B
16.23x12.49x19.55x5.96% 9.93B
25.72x7.46x12.22x5.43% 9.24B
Average 20.09x 15.18x 20.26x 4.61% 18.12B
Weighted average by Cap. 25.51x 15.68x 19.40x 4.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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