Workspace Group Plc

BATS-CHIXE:WKPL Stock Report

Market Cap: UK£865.3m

Workspace Group Valuation

Is WKPL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WKPL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
UK£7.27
Fair Value
38.2% undervalued intrinsic discount
11
Number of Analysts

Below Fair Value: WKPL (£4.5) is trading below our estimate of fair value (£7.27)

Significantly Below Fair Value: WKPL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WKPL?

Key metric: As WKPL is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for WKPL. This is calculated by dividing WKPL's market cap by their current revenue.
What is WKPL's PS Ratio?
PS Ratio4.7x
SalesUK£186.00m
Market CapUK£865.35m

Price to Sales Ratio vs Peers

How does WKPL's PS Ratio compare to its peers?

The above table shows the PS ratio for WKPL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5x
GPE Great Portland Estates
7.3x3.2%UK£1.1b
GWI Globalworth Real Estate Investments
3.2xn/a€730.1m
DLN Derwent London
7.5x-1.4%UK£2.1b
CLI CLS Holdings
2x-0.6%UK£312.0m
WKPL Workspace Group
4.7x-1.9%UK£865.3m

Price-To-Sales vs Peers: WKPL is good value based on its Price-To-Sales Ratio (4.7x) compared to the peer average (5x).

Price to Sales Ratio vs Industry

How does WKPL's PS Ratio compare vs other companies in the European Office REITs Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
No. of Companies4PS048121620+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: WKPL is good value based on its Price-To-Sales Ratio (4.7x) compared to the European Office REITs industry average (7.4x).

Price to Sales Ratio vs Fair Ratio

What is WKPL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WKPL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.7x
Fair PS Ratio6.1x

Price-To-Sales vs Fair Ratio: WKPL is good value based on its Price-To-Sales Ratio (4.7x) compared to the estimated Fair Price-To-Sales Ratio (6.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WKPL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£4.50
UK£6.70
+49.1%
5.6%UK£7.55UK£6.30n/a11
Jan ’26UK£4.94
UK£6.70
+35.7%
5.6%UK£7.55UK£6.30n/a11
Dec ’25UK£5.64
UK£6.81
+20.8%
5.2%UK£7.55UK£6.40n/a10
Nov ’25UK£5.54
UK£6.85
+23.8%
4.8%UK£7.55UK£6.40n/a10
Oct ’25UK£6.57
UK£6.83
+4.0%
5.2%UK£7.55UK£6.30n/a10
Sep ’25UK£6.19
UK£6.70
+8.2%
5.9%UK£7.20UK£5.70n/a10
Aug ’25UK£6.19
UK£6.70
+8.2%
5.9%UK£7.20UK£5.70n/a10
Jul ’25UK£5.94
UK£6.51
+9.7%
6.9%UK£7.00UK£5.70n/a10
Jun ’25UK£5.37
UK£6.23
+16.0%
7.9%UK£6.95UK£5.17n/a11
May ’25UK£4.99
UK£6.17
+23.8%
8.4%UK£6.95UK£5.17n/a11
Apr ’25UK£5.12
UK£6.27
+22.5%
10.6%UK£7.72UK£5.17n/a11
Mar ’25UK£4.97
UK£6.25
+25.6%
10.9%UK£7.72UK£5.17n/a11
Feb ’25UK£5.13
UK£6.26
+22.0%
10.5%UK£7.72UK£5.32n/a11
Jan ’25UK£5.64
UK£6.14
+8.8%
12.6%UK£7.72UK£4.70UK£4.9410
Dec ’24UK£5.41
UK£6.09
+12.7%
13.7%UK£7.72UK£4.70UK£5.6410
Nov ’24UK£4.97
UK£6.06
+21.8%
13.6%UK£7.00UK£4.40UK£5.5410
Oct ’24UK£4.91
UK£6.04
+22.8%
13.5%UK£7.00UK£4.40UK£6.5710
Sep ’24UK£4.95
UK£6.21
+25.4%
17.2%UK£8.34UK£4.40UK£6.1910
Aug ’24UK£4.93
UK£6.21
+26.0%
17.2%UK£8.34UK£4.40UK£6.1910
Jul ’24UK£4.71
UK£6.19
+31.4%
18.2%UK£8.34UK£4.40UK£5.9410
Jun ’24UK£5.10
UK£6.19
+21.5%
18.2%UK£8.34UK£4.40UK£5.3710
May ’24UK£4.77
UK£6.05
+26.7%
15.7%UK£8.34UK£4.40UK£4.9911
Apr ’24UK£4.40
UK£6.05
+37.6%
15.7%UK£8.34UK£4.40UK£5.1211
Mar ’24UK£5.02
UK£6.05
+20.5%
15.7%UK£8.34UK£4.40UK£4.9711
Feb ’24UK£5.16
UK£5.87
+13.8%
18.2%UK£8.34UK£4.14UK£5.1311
Jan ’24UK£4.47
UK£5.83
+30.4%
18.2%UK£8.34UK£4.14UK£5.6411
Analyst Price Target
Consensus Narrative from 11 Analysts
UK£6.69
Fair Value
32.8% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/09 03:23
End of Day Share Price 2025/01/09 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Workspace Group Plc is covered by 26 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paul MayBarclays
Paul MayBarclays
Miranda CockburnBerenberg