Professional
Added to YB: 2022-10-15
Pitch date: 2022-10-15
IWG.L [bullish]
International Workplace Group plc
+83.73%
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 1.21
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
1 Main Holdings added to position: IWG (IWG.L)
IWG: Global flex office leader w/ 3K locations, shifting to capital-light franchising for 10x growth to 30K. Instant Group platform for landlord listings, targeting $100M EBITDA run-rate. Recession-resistant w/ strong pricing & occupancy. 5x EBITDA, multibagger potential on margin expansion & re-rating.
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