Professional
Added to YB: 2025-04-29
Pitch date: 2025-04-25
IWG.F [neutral]
International Workplace Group plc
+21.57%
current return
Author Info
Symmetry Invest is a portfolio that focuses on Small- and Mid-cap stocks primarily in Europe and the USA. The long-term objective is to deliver the highest possible growth in net asset value per share at the lowest possible risk. Visit their website.
Company Info
International Workplace Group plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
GBP 2.8B
Pitch Price
GBP 1.82
Price Target
N/A
Dividend
0.33%
EV/EBITDA
5.77
P/E
125.82
EV/Sales
2.76
Sector
Real Estate Management and Development
Category
value
Symmetry Invest A/S Portfolio Holding: International Workplace Group plc
IWG.F (holding update): Leading flex office platform trading at 7-8x FCF. Three segments: 1) Managed & Franchise (asset-light growth engine, +30% fee income, +79% management fees) 2) Owned & Leased (cash cow, +11% contribution, +20% FCF) 3) Worka digital marketplace (potential Booking.com for flex offices). Healthy 1x EBITDA leverage enables buybacks + dividends.
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