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 1,240 836.4 982.8 797.2 656.7 682.4 - -
Change - -32.53% 17.51% -18.89% -17.62% 3.91% - -
Enterprise Value (EV) 1 1,797 1,738 1,838 1,617 1,403 1,311 1,312 1,314
Change - -3.28% 5.72% -12.02% -13.22% -6.57% 0.05% 0.18%
P/E 10.1x -21.9x -5.1x 148x -5.46x -14.7x 12.3x 8.73x
PBR - - 0.63x 0.54x 0.5x 0.56x 0.54x 0.53x
PEG - 0x -0x -1x 0x 0.2x -0x 0.2x
Capitalization / Revenue 9.33x 4.8x 7.79x 6.53x 5.79x 6.73x 6.41x 5.94x
EV / Revenue 13.5x 9.98x 14.6x 13.2x 12.4x 12.9x 12.3x 11.4x
EV / EBITDA 25.6x 17.8x 17.8x 16.4x 15.1x 16.4x 16.1x 14.9x
EV / EBIT 26.7x 18.3x 18.2x 16.4x 15.3x 17.6x 16.6x 15.1x
EV / FCF 26.8x -14.3x - 91.3x 126x 14.4x 131x 73x
FCF Yield 3.73% -6.98% - 1.09% 0.79% 6.94% 0.76% 1.37%
Dividend per Share 2 0.215 0.258 0.28 0.284 0.261 0.1941 0.1731 0.1903
Rate of return 3.14% 5.91% 5.46% 6.84% 7.64% 5.48% 4.89% 5.37%
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% -80.6% 60% 46.9%
Net sales 1 132.9 174.2 126.2 122.1 113.4 101.4 106.4 114.9
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 74.66 79.04 87.29
Net income 1 123.9 -37.8 -192.5 5.4 -120.3 -46.57 68.87 87.68
Net Debt 1 557.7 902 854.9 819.7 746.5 628.6 629.2 631.6
Reference price 2 6.850 4.368 5.125 4.150 3.415 3.542 3.542 3.542
Nbr of stocks (in thousands) 180,963 191,478 191,775 192,086 192,289 192,649 - -
Announcement Date 6/8/22 A 5/25/23 A 6/5/24 A 6/5/25 A 6/10/26 A - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-14.66x12.91x16.39x5.5% 917M
42.01x16.08x16.67x4.98% 61.31B
9.38x12.64x15.78x5.3% 17.08B
13.89x22.91x26.94x3.71% 16.13B
20.25x17.09x25.04x4.89% 15.1B
10.69x13.56x16.24x5.28% 12.18B
7.9x22.37x30.28x2.82% 10.59B
32.36x11.57x18.26x3.62% 10.83B
15.88x12.26x19.15x6.16% 9.6B
24.31x7.27x11.91x5.75% 8.74B
Average 16.20x 14.87x 19.67x 4.8% 16.25B
Weighted average by Cap. 25.74x 15.69x 19.22x 4.78%

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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