Company Valuation: Workspace Group Plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,448 1,240 836.4 982.8 797.2 724.2 - -
Change - -14.37% -32.53% 17.51% -18.89% -9.16% - -
Enterprise Value (EV) 1 2,012 1,797 1,738 1,838 1,617 1,511 1,465 1,499
Change - -10.69% -3.28% 5.72% -12.02% -6.57% -3.02% 2.35%
P/E ratio -6.14x 10.1x -21.9x -5.1x 148x -9.47x 10.1x 7.16x
PBR 0.85x - - 0.63x 0.54x 0.53x 0.52x 0.51x
PEG - -0x 0x -0x -1x 0x -0x 0.2x
Capitalization / Revenue 10.2x 9.33x 4.8x 7.79x 6.53x 6.2x 6.13x 5.79x
EV / Revenue 14.1x 13.5x 9.98x 14.6x 13.2x 12.9x 12.4x 12x
EV / EBITDA 30.8x 25.6x 17.8x 17.8x 16.4x 15.9x 15.1x 14.4x
EV / EBIT 32.2x 26.7x 18.3x 18.2x 16.4x 16.3x 15.5x 15.1x
EV / FCF 86x 26.8x -14.3x - 91.3x 28.5x 30.2x 250x
FCF Yield 1.16% 3.73% -6.98% - 1.09% 3.51% 3.31% 0.4%
Dividend per Share 2 0.1775 0.215 0.258 0.28 0.284 0.2844 0.2873 0.2898
Rate of return 2.22% 3.14% 5.91% 5.46% 6.84% 7.55% 7.63% 7.69%
EPS 2 -1.303 0.681 -0.199 -1.004 0.028 -0.3978 0.3742 0.5259
Distribution rate -13.6% 31.6% -130% -27.9% 1,014% -71.5% 76.8% 55.1%
Net sales 1 142.3 132.9 174.2 126.2 122.1 116.8 118.2 125.1
EBITDA 1 65.4 70.1 97.4 103.2 98.8 94.87 97.06 104.3
EBIT 1 62.5 67.4 95.1 100.9 98.8 92.85 94.63 99.59
Net income 1 -235.7 123.9 -37.8 -192.5 5.4 -61.42 87.95 115.2
Net Debt 1 564.9 557.7 902 854.9 819.7 786.5 740.8 775.3
Reference price 2 8.000 6.850 4.368 5.125 4.150 3.766 3.766 3.766
Nbr of stocks (in thousands) 180,949 180,963 191,478 191,775 192,086 192,289 - -
Announcement Date 6/3/21 6/8/22 5/25/23 6/5/24 6/5/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-9.47x12.94x15.92x7.55% 976M
38.95x16.25x16.23x5.16% 59.44B
9.22x12.34x15.41x5.39% 17.34B
19.81x16.3x23.97x5.08% 14.08B
8.66x20.04x22.47x4.72% 12.67B
9.25x13.14x15.65x5.66% 11.7B
9.76x22.58x30.57x2.85% 10.92B
16.43x12.19x18.96x6.11% 9.7B
36.6x10.64x16.71x4.17% 9.42B
233.44x6.42x10.54x6.76% 7.38B
Average 37.27x 14.29x 18.64x 5.34% 15.36B
Weighted average by Cap. 34.47x 15.25x 18.26x 5.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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