Added to YB: 2024-07-05
Pitch date: 2024-07-03
IWG.L [bullish]
International Workplace Group plc
+25.72%
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 1.76
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
special_situation
IWG.L: Buyback Strategy and Low Valuation Could Lead to Substantial Gains
IWG.L: Buyback catalyst started; intends to repurchase converts (7% share count reduction) & targets 1x net debt/EBITDA. Est. $450M for 2025 buybacks (20% mkt cap). Trading at 6x 2025 FCF/share. If no re-rating, continued buybacks at 6x FCF could lead to 45% FCF/share CAGR, 2x FCF/share by 2028.
Read full article (1 min)