Added to YB: 2024-09-06
Pitch date: 2024-09-05
IWG.L [bullish]
International Workplace Group plc
+32.1%
current return
Author Info
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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 1.68
Price Target
2.64 (+19%)
Dividend
0.33%
EV/EBITDA
5.77
P/E
125.82
EV/Sales
2.76
Sector
Real Estate Management and Development
Category
turnaround
International Workplace Group plc - $IWG.L
IWG.L: Shifting to capital-light M&F model, 50% YoY growth. Core biz recovering, 1H24 EBITDA +13%. 5x 2025 EV/EBITDA, 12% FCF yield. Capital returns in 1H25. Risks: M&F model failure, WFH impact. Upside: 60%+ as transition proves successful. Secular tailwinds from hybrid work trend.
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