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) 1,80,963 1,91,478 1,91,775 1,92,086 1,92,289 1,92,649 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-14.93x13.13x17.03x5.45% 95Cr
40.27x15.9x16.18x5.21% 5.9TCr
16.89x23.5x28.16x3.41% 1.77TCr
8.95x12.47x15.27x5.35% 1.74TCr
20.21x16.85x24.19x4.99% 1.5TCr
10.21x13.82x16.43x5.08% 1.3TCr
8.37x21.19x28.67x3.03% 1.02TCr
27.76x10.95x17.26x3.91% 1.01TCr
15.67x12.06x18.75x6.14% 967.82Cr
34.78x7.55x12.21x5.39% 932.05Cr
Average 16.82x 14.74x 19.42x 4.8% 1.62TCr
Weighted average by Cap. 25.23x 15.58x 18.93x 4.85%

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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