Professional
Added to YB: 2024-09-12
Pitch date: 2024-09-12
IWG.L [bullish]
International Workplace Group plc
+28.75%
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 1.72
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
turnaround
International Workplace Group ($IWG.L)
IWG.L: Flexible office leader transitioning to capital-light M&F model (50% YoY growth). Core biz recovering, 1H24 EBITDA +13%. 5x 2025 EV/EBITDA, 12% FCF yield. Targets $1Bn EBITDA, 60%+ upside potential. Risks: M&F failure, WFH impact. 600% upside in 4yrs possible. 22% FCF CAGR 2025-2028. Landlords satisfied with managed segment.