Company Valuation: Workspace Group Plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,448 1,240 836.4 982.8 797.2 659.5 - -
Change - -14.37% -32.53% 17.51% -18.89% -17.26% - -
Enterprise Value (EV) 1 2,012 1,797 1,738 1,838 1,617 1,448 1,388 1,402
Change - -10.69% -3.28% 5.72% -12.02% -10.45% -4.12% 0.99%
P/E ratio -6.14x 10.1x -21.9x -5.1x 148x -5.98x 15.9x 8.88x
PBR 0.85x - - 0.63x 0.54x 0.48x 0.5x 0.51x
PEG - -0x 0x -0x -1x 0x -0x 0.1x
Capitalization / Revenue 10.2x 9.33x 4.8x 7.79x 6.53x 5.73x 6.06x 5.7x
EV / Revenue 14.1x 13.5x 9.98x 14.6x 13.2x 12.6x 12.7x 12.1x
EV / EBITDA 30.8x 25.6x 17.8x 17.8x 16.4x 15.4x 15.6x 14.6x
EV / EBIT 32.2x 26.7x 18.3x 18.2x 16.4x 15.6x 16.5x 16.3x
EV / FCF 86x 26.8x -14.3x - 91.3x 29x 15.3x 117x
FCF Yield 1.16% 3.73% -6.98% - 1.09% 3.45% 6.55% 0.86%
Dividend per Share 2 0.1775 0.215 0.258 0.28 0.284 0.2686 0.2262 0.2192
Rate of return 2.22% 3.14% 5.91% 5.46% 6.84% 7.83% 6.6% 6.39%
EPS 2 -1.303 0.681 -0.199 -1.004 0.028 -0.5737 0.2153 0.3863
Distribution rate -13.6% 31.6% -130% -27.9% 1,014% -46.8% 105% 56.7%
Net sales 1 142.3 132.9 174.2 126.2 122.1 115.2 108.9 115.7
EBITDA 1 65.4 70.1 97.4 103.2 98.8 93.99 88.97 96.3
EBIT 1 62.5 67.4 95.1 100.9 98.8 92.78 84.3 85.99
Net income 1 -235.7 123.9 -37.8 -192.5 5.4 -88.52 93.61 116.4
Net Debt 1 564.9 557.7 902 854.9 819.7 788.4 728.7 742.4
Reference price 2 8.000 6.850 4.368 5.125 4.150 3.430 3.430 3.430
Nbr of stocks (in thousands) 180,949 180,963 191,478 191,775 192,086 192,289 - -
Announcement Date 03/06/21 08/06/22 25/05/23 05/06/24 05/06/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-5.98x12.57x15.41x7.83% 899M
41.7x15.56x15.85x5.3% 57.74B
9.56x12.78x15.84x5.38% 17.29B
18.77x16.51x24.03x5.18% 14.56B
8.93x20.48x22.91x4.57% 13.22B
8.75x13.11x15.65x5.71% 11.64B
9.58x22.1x30.05x2.89% 10.74B
35.46x10.96x17.23x3.93% 9.99B
15.57x12.25x19.11x6.2% 9.77B
31.92x7.15x11.97x6.23% 8.06B
Average 17.43x 14.35x 18.80x 5.32% 15.39B
Weighted average by Cap. 25.52x 15.07x 18.29x 5.13%

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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