Added to YB: 2024-01-17
Pitch date: 2024-01-17
IWG.L [bullish]
International Workplace Group plc
+28.05%
current return
Author Info
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 1.73
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
IWG.L - 175p
$IWG.L: Transition to capital-light model offering brands & flex office mgmt to landlords could drive EBITDA from £400M to £1B by '28. EV only £2.4B so upside seems huge, but need to verify key assumptions. CEO enthusiastic but overpromises? Legal risks from recent site bankruptcies?
Read full article (6 min)