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 1,240 836.4 982.8 797.2 656.7 634.6 - -
Change - -32.53% 17.51% -18.89% -17.62% -3.37% - -
Enterprise Value (EV) 1 1,797 1,738 1,838 1,617 1,415 1,277 1,282 1,272
Change - -3.28% 5.72% -12.02% -12.49% -9.72% 0.38% -0.85%
P/E 10.1x -21.9x -5.1x 148x -5.46x -13.7x 11.4x 8.13x
PBR - - 0.63x 0.54x 0.5x 0.52x 0.51x 0.49x
PEG - 0x -0x -1x 0x 0.2x -0x 0.2x
Capitalization / Revenue 9.33x 4.8x 7.79x 6.53x 5.79x 6.17x 5.97x 5.53x
EV / Revenue 13.5x 9.98x 14.6x 13.2x 12.5x 12.4x 12.1x 11.1x
EV / EBITDA 25.6x 17.8x 17.8x 16.4x 15.2x 16x 15.7x 14.4x
EV / EBIT 26.7x 18.3x 18.2x 16.4x 15.4x 16.8x 16.3x 14.6x
EV / FCF 26.8x -14.3x - 91.3x 127x 14x 128x 70.6x
FCF Yield 3.73% -6.98% - 1.09% 0.78% 7.12% 0.78% 1.42%
Dividend per Share 2 0.215 0.258 0.28 0.284 0.261 0.1956 0.1776 0.1894
Rate of return 3.14% 5.91% 5.46% 6.84% 7.64% 5.93% 5.38% 5.74%
EPS 2 0.681 -0.199 -1.004 0.028 -0.626 -0.241 0.2885 0.4058
Distribution rate 31.6% -130% -27.9% 1,014% -41.7% -81.2% 61.6% 46.7%
Net sales 1 132.9 174.2 126.2 122.1 113.4 102.8 106.3 114.7
EBITDA 1 70.1 97.4 103.2 98.8 93.1 79.84 81.45 88.15
EBIT 1 67.4 95.1 100.9 98.8 91.7 76.2 78.59 86.82
Net income 1 123.9 -37.8 -192.5 5.4 -120.3 -46.57 72.87 83.42
Net Debt 1 557.7 902 854.9 819.7 758.3 642.9 647.9 636.9
Reference price 2 6.850 4.368 5.125 4.150 3.415 3.300 3.300 3.300
Nbr of stocks (in thousands) 180,963 191,478 191,775 192,086 192,289 192,289 - -
Announcement Date 08/06/22 25/05/23 05/06/24 05/06/25 10/06/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-13.7x12.43x16x5.93% 849M
40.9x15.8x16.38x5.11% 59.69B
9.32x12.62x15.75x5.32% 16.99B
11.09x22.73x26.73x3.72% 15.95B
19.92x16.87x24.74x4.97% 14.84B
10.11x13.32x16.03x5.45% 11.77B
7.99x22.54x30.52x2.79% 10.7B
31.7x11.37x17.93x3.72% 10.55B
16.01x12.31x19.23x6.11% 9.67B
23.69x7.21x11.82x5.83% 8.61B
Average 15.70x 14.72x 19.51x 4.9% 15.96B
Weighted average by Cap. 24.80x 15.54x 19.08x 4.86%

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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