Added to YB: 2024-01-22
Pitch date: 2024-01-22
IWG.L [bullish]
International Workplace Group plc
+28.12%
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 1.73
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
value
Show full summary:
Modern Value Investing top holding - IWG.L
IWG shifts to asset-light model, EBITDA +48% 1H23 to £198M, FY23 £400M+ expected. £1.8B mkt cap & £643M debt = 6x EV/EBITDA. US listing mulled as most revs from US. $1B EBITDA goal = 2.2x EV/EBITDA @ current levels. Capex to fall, FCF to rise w/ new strategy.
Read full article (1 min)