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 1,240 836.4 982.8 797.2 656.7 677.4 - -
Change - -32.53% 17.51% -18.89% -17.62% 3.15% - -
Enterprise Value (EV) 1 1,797 1,738 1,838 1,617 1,403 1,306 1,292 1,294
Change - -3.28% 5.72% -12.02% -13.22% -6.91% -1.1% 0.2%
P/E 10.1x -21.9x -5.1x 148x -5.46x -13.8x 12.2x 8.93x
PBR - - 0.63x 0.54x 0.5x 0.55x 0.54x 0.52x
PEG - 0x -0x -1x 0x 0.2x -0x 0.2x
Capitalization / Revenue 9.33x 4.8x 7.79x 6.53x 5.79x 6.71x 6.43x 6x
EV / Revenue 13.5x 9.98x 14.6x 13.2x 12.4x 12.9x 12.3x 11.5x
EV / EBITDA 25.6x 17.8x 17.8x 16.4x 15.1x 16.8x 16.1x 15x
EV / EBIT 26.7x 18.3x 18.2x 16.4x 15.3x 17.1x 16.3x 14.9x
EV / FCF 26.8x -14.3x - 91.3x 126x 14.4x 129x 76.1x
FCF Yield 3.73% -6.98% - 1.09% 0.79% 6.97% 0.77% 1.31%
Dividend per Share 2 0.215 0.258 0.28 0.284 0.261 0.1947 0.1778 0.1866
Rate of return 3.14% 5.91% 5.46% 6.84% 7.64% 5.54% 5.06% 5.31%
EPS 2 0.681 -0.199 -1.004 0.028 -0.626 -0.2545 0.2875 0.3938
Distribution rate 31.6% -130% -27.9% 1,014% -41.7% -76.5% 61.8% 47.4%
Net sales 1 132.9 174.2 126.2 122.1 113.4 100.9 105.4 113
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 76.19 79.08 86.84
Net income 1 123.9 -37.8 -192.5 5.4 -120.3 -49.2 68.8 86.28
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 3.516 3.516 3.516
Nbr of stocks (in thousands) 180,963 191,478 191,775 192,086 192,289 192,649 - -
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.($)
-14.24x12.81x16.62x5.71% 879M
33.76x18.29x24.03x3.37% 121B
30.97x13.98x17.69x4.43% 65.81B
36.76x14.71x15.18x5.87% 52.4B
18.07x15.3x17.4x1.14% 37.31B
16.22x25.16x27.55x3.54% 16.56B
26.49x10.61x14.62x4.74% 15.21B
8.26x11.77x14.4x6.15% 14.51B
17.73x15.95x23.19x5.42% 13.77B
29.35x11.22x16.38x4.16% 13.35B
Average 20.34x 14.98x 18.71x 4.45% 35.04B
Weighted average by Cap. 28.90x 15.97x 19.83x 4.01%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Workspace Group Plc

Historical PBR trend

Valuation ratios - PBR - Workspace Group Plc

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Workspace Group Plc

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Workspace Group Plc


Year-on-year evolution of the Yield

Valuation ratios - Yield - Workspace Group Plc
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