Added to YB: 2024-12-03
Pitch date: 2024-07-12
IWG.L [bullish]
International Workplace Group plc
+27.44%
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 1.74
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
growth
International Workplace Group: A Hidden Gem in Flexible Workspace Solutions
IWG.L: Global flex office leader, 7x WeWork locations. Shifting to capital-light model: 867 new locations in 2023, 1000/yr target. Lower capex, higher growth. Trades at 7x 2025 FCF. Capital-light growth not yet visible in financials. 16% industry CAGR to 2030. CEO owns 25%. Potential 12-15x FCF multiple as capital-light expands.
Read full article (3 min)