WKP Stock Overview
Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages some 4 million sq.
Workspace Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£6.67|
|52 Week High||UK£9.79|
|52 Week Low||UK£5.93|
|1 Month Change||-4.65%|
|3 Month Change||-11.60%|
|1 Year Change||-24.42%|
|3 Year Change||-26.62%|
|5 Year Change||-22.62%|
|Change since IPO||98.51%|
Recent News & Updates
|WKP||GB REITs||GB Market|
Return vs Industry: WKP underperformed the UK REITs industry which returned 1.5% over the past year.
Return vs Market: WKP underperformed the UK Market which returned -2.5% over the past year.
|WKP Average Weekly Movement||5.1%|
|REITs Industry Average Movement||3.6%|
|Market Average Movement||6.1%|
|10% most volatile stocks in GB Market||11.6%|
|10% least volatile stocks in GB Market||3.2%|
Stable Share Price: WKP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: WKP's weekly volatility (5%) has been stable over the past year.
About the Company
Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages some 4 million sq. ft. of business space in London. We are home to London’s brightest businesses, including fast growing and established brands across a wide range of sectors.
Workspace Group Fundamentals Summary
|WKP fundamental statistics|
Is WKP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WKP income statement (TTM)|
|Cost of Revenue||UK£42.00m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jun 08, 2022
|Earnings per share (EPS)||-0.64|
|Net Profit Margin||-95.23%|
How did WKP perform over the long term?See historical performance and comparison
2.1%Current Dividend Yield
Is Workspace Group undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WKP (£6.67) is trading below our estimate of fair value (£9.02)
Significantly Below Fair Value: WKP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WKP is unprofitable, so we can't compare its PE Ratio to the UK REITs industry average.
PE vs Market: WKP is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WKP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WKP is good value based on its PB Ratio (0.8x) compared to the GB REITs industry average (0.9x).
How is Workspace Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WKP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).
Earnings vs Market: WKP is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: WKP's is expected to become profitable in the next 3 years.
Revenue vs Market: WKP's revenue (5.3% per year) is forecast to grow faster than the UK market (4.1% per year).
High Growth Revenue: WKP's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if WKP's Return on Equity is forecast to be high in 3 years time
How has Workspace Group performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WKP is currently unprofitable.
Growing Profit Margin: WKP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: WKP is unprofitable, and losses have increased over the past 5 years at a rate of 53.4% per year.
Accelerating Growth: Unable to compare WKP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WKP is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (129.6%).
Return on Equity
High ROE: WKP has a negative Return on Equity (-7.21%), as it is currently unprofitable.
How is Workspace Group's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: WKP's short term assets (£103.1M) exceed its short term liabilities (£100.3M).
Long Term Liabilities: WKP's short term assets (£103.1M) do not cover its long term liabilities (£623.0M).
Debt to Equity History and Analysis
Debt Level: WKP's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: WKP's debt to equity ratio has increased from 16.6% to 35.3% over the past 5 years.
Debt Coverage: WKP's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: WKP's interest payments on its debt are well covered by EBIT (3x coverage).
What is Workspace Group current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WKP's dividend (2.1%) is higher than the bottom 25% of dividend payers in the UK market (1.81%).
High Dividend: WKP's dividend (2.1%) is low compared to the top 25% of dividend payers in the UK market (4.85%).
Stability and Growth of Payments
Stable Dividend: WKP's dividend payments have been volatile in the past 10 years.
Growing Dividend: WKP's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (51.6%), WKP's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (42.3%), WKP's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Graham Clemett (60 yo)
Mr. Graham Clemett, BSc., ACA, has been the Chief Executive Officer of Workspace Group plc since September 24, 2019 and served as its Interim Chief Executive Officer since June 2019 until September 24, 201...
CEO Compensation Analysis
Compensation vs Market: Graham's total compensation ($USD955.68K) is below average for companies of similar size in the UK market ($USD1.89M).
Compensation vs Earnings: Graham's compensation has been consistent with company performance over the past year.
Experienced Management: WKP's management team is considered experienced (2.1 years average tenure).
Experienced Board: WKP's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.
Workspace Group plc's employee growth, exchange listings and data sources
- Name: Workspace Group plc
- Ticker: WKP
- Exchange: LSE
- Founded: 1987
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: UK£1.277b
- Shares outstanding: 191.48m
- Website: https://www.workspace.co.uk
Number of Employees
- Workspace Group plc
- Canterbury Court, Kennington Park
- Business Centre, 1-3 Brixton Road
- East Lothian
- SW9 6DE
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/19 00:00|
|End of Day Share Price||2022/05/19 00:00|
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.