Added to YB: 2025-05-21
Pitch date: 2025-04-02
IWG.L [bullish]
International Workplace Group plc
+23.66%
current return
Author Info
No bio for this author
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 1.79
Price Target
6.00 (+171%)
Dividend
0.33%
EV/EBITDA
5.77
P/E
125.82
EV/Sales
2.76
Sector
Real Estate Management and Development
Category
growth
International Workplace Group plc - $IWG.L
IWG.L: Global flex workspace leader w/ 4K centers (vs WeWork's 500). Trades at 5x 2025E EBITDA ($600M) with $710M net debt (1.3x EBITDA). Shifting to capital-light model driving FCF growth. 3 segments: Co-owned, Managed/Franchised, Digital. Hybrid work megatrend. Target: $6/share (10x 2027E EBITDA of $650M) vs current $2.40.
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