Professional
Added to YB: 2024-04-01
Pitch date: 2024-03-28
IWG.L [bullish]
International Workplace Group plc
+15.69%
current return
Author Info
Symmetry Invest is a portfolio that focuses on Small- and Mid-cap stocks primarily in Europe and the USA. The long-term objective is to deliver the highest possible growth in net asset value per share at the lowest possible risk. Visit their 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 1.91
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
Symmetry Invest A/S Portfolio Holding: IWG plc
IWG.L: Asset-light expansion accelerates w/ 867 new locations (+88% YoY) in 2023, set to grow further in 2024. Asset-light revenue +50%, total EBITDA +32%, FCF doubled. Simplifying biz w/ USD reporting, relevant KPIs, likely US GAAP & listing. Legacy biz at 10% FCF yield + asset-light & Worka. Complicated financials but solid underlying biz in future of work.
Read full article (2 min)