Professional
Added to YB: 2024-01-15
Pitch date: 2024-01-15
IWG.L [bullish]
International Workplace Group plc
+26.67%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund 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 1.75
Price Target
225.00 (+10063%)
Dividend
0.33%
EV/EBITDA
5.77
P/E
125.82
EV/Sales
2.76
Sector
Real Estate Management and Development
Category
value
RBC upgrades $IWG.L with 225 price target
IWG.L: Solid outlook-meeting expectations amidst macro headwinds. Capital-light shift+service growth to boost cashflow. Worka shows potential to be top flexible work marketplace. US GAAP switch improves financials. WeWork fall may aid pricing power. 4.5x EV/EBITDA, 11% FCF yield. PT 225p
Read full article (1 min)