International Workplace Group plc

OTCPK:IWGF.F Stock Report

Market Cap: US$1.9b

International Workplace Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 IWGF.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IWGF.F ($1.95) is trading above our estimate of fair value ($1.06)

Significantly Below Fair Value: IWGF.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IWGF.F?

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

The above table shows the Price to Sales ratio for IWGF.F. This is calculated by dividing IWGF.F's market cap by their current revenue.
What is IWGF.F's PS Ratio?
PS Ratio0.5x
SalesUS$3.74b
Market CapUS$1.95b

Price to Sales Ratio vs Peers

How does IWGF.F's PS Ratio compare to its peers?

The above table shows the PS ratio for IWGF.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.4x
KW Kennedy-Wilson Holdings
2.9xn/aUS$1.4b
LB LandBridge
11.2x29.3%US$4.3b
FRPH FRP Holdings
18.2xn/aUS$571.9m
CPPT.L Copper Property CTL Pass Through Trust
9.2xn/aUS$929.3m
IWGF.F International Workplace Group
0.5x3.2%US$1.5b

Price-To-Sales vs Peers: IWGF.F is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (10.4x).

Price to Sales Ratio vs Industry

How does IWGF.F's PS Ratio compare vs other companies in the US Real Estate Industry?

36 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.2.0x11.6%
IWGF.F International Workplace Group
 0.5x3.2%US$1.95b
JLL Jones Lang LaSalle
0.5x6.5%US$11.99b
COMP Compass
0.6x12.2%US$3.18b
IWGF.F 0.5xIndustry Avg. 2.0xNo. of Companies35PS03.67.210.814.418+
36 CompaniesEstimated GrowthMarket Cap
Industry Avg.2.0x38.4%
IWGF.F International Workplace Group
 0.5x118.8%US$1.95b
No more companies

Price-To-Sales vs Industry: IWGF.F is good value based on its Price-To-Sales Ratio (0.5x) compared to the US Real Estate industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is IWGF.F'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.

IWGF.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: IWGF.F is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

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 IWGF.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.95
US$2.90
+48.9%
14.4%US$3.32US$2.04n/a8
Dec ’25US$2.12
US$2.98
+40.6%
14.4%US$3.41US$2.10n/a8
Nov ’25US$2.08
US$2.92
+40.2%
13.3%US$3.32US$2.04n/a8
Oct ’25US$2.32
US$2.92
+25.8%
13.3%US$3.32US$2.04n/a8
Sep ’25US$2.40
US$2.92
+21.7%
13.3%US$3.32US$2.04n/a8
Aug ’25US$2.17
US$2.87
+32.1%
13.3%US$3.27US$2.01n/a8
Jul ’25US$2.17
US$2.87
+32.1%
13.3%US$3.27US$2.01n/a8
Jun ’25US$2.34
US$2.87
+22.7%
13.3%US$3.27US$2.01n/a8
May ’25US$2.46
US$2.91
+18.4%
13.3%US$3.32US$2.04n/a8
Apr ’25US$2.46
US$2.88
+17.1%
16.2%US$3.37US$2.07n/a8
Mar ’25US$2.36
US$2.82
+19.5%
16.3%US$3.32US$2.04n/a8
Feb ’25US$2.39
US$2.72
+13.7%
17.5%US$3.33US$2.05n/a8
Jan ’25US$2.47
US$2.58
+4.5%
22.8%US$3.31US$1.59n/a8
Dec ’24US$1.98
US$2.43
+23.1%
21.8%US$3.22US$1.55US$2.128
Nov ’24US$1.77
US$2.76
+55.9%
23.5%US$3.82US$1.72US$2.088
Oct ’24US$1.78
US$2.76
+55.0%
23.5%US$3.82US$1.72US$2.328
Sep ’24US$2.24
US$2.76
+23.2%
23.5%US$3.82US$1.72US$2.408
Aug ’24US$2.04
US$2.78
+36.4%
23.5%US$3.86US$1.93US$2.178
Jul ’24US$1.68
US$2.78
+65.4%
21.1%US$3.78US$1.89US$2.178
Jun ’24US$1.81
US$2.81
+55.6%
19.1%US$3.72US$1.86US$2.348
May ’24US$2.10
US$2.66
+26.6%
15.7%US$3.25US$1.86US$2.468
Apr ’24US$2.03
US$2.75
+35.6%
11.2%US$3.23US$2.34US$2.467
Mar ’24US$2.20
US$2.52
+14.4%
24.7%US$3.64US$1.82US$2.368
Feb ’24US$2.32
US$2.40
+3.6%
18.5%US$3.10US$1.83US$2.398
Jan ’24US$1.98
US$2.40
+21.4%
18.5%US$3.10US$1.83US$2.478
Dec ’23US$2.15
US$2.28
+5.9%
18.5%US$2.94US$1.73US$1.988

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 Analysis2024/12/23 12:11
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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

International Workplace Group plc is covered by 23 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James ZarembaBarclays
Paul MayBarclays
Calum BattersbyBerenberg