Workspace Group PLC
F:WRX1

Watchlist Manager
Workspace Group PLC Logo
Workspace Group PLC
F:WRX1
Watchlist
Price: 3.86 EUR 2.12%
Market Cap: €741.1m

P/OCF

9.2
Current
26%
Cheaper
vs 3-y average of 12.4

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
9.2
=
Market Cap
€798.1m
/
Operating Cash Flow
£71.2m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
9.2
=
Market Cap
€798.1m
/
Operating Cash Flow
£71.2m

Valuation Scenarios

Workspace Group PLC is trading below its 3-year average

If P/OCF returns to its 3-Year Average (12.4), the stock would be worth €5.19 (34% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-99%
Maximum Upside
+81%
Average Downside
21%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 9.2 €3.86
0%
3-Year Average 12.4 €5.19
+34%
5-Year Average 16.6 €6.97
+81%
Industry Average 0.2 €0.07
-98%
Country Average 0.1 €0.05
-99%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
UK
Workspace Group PLC
F:WRX1
Average P/E: 22.3
Negative Multiple: -8.6
129%
N/A
US
Boston Properties Inc
NYSE:BXP
33.2
9%
3.7
US
Alexandria Real Estate Equities Inc
NYSE:ARE
Negative Multiple: -5.4 N/A N/A
FR
Covivio SA
PAR:COV
8.5
-7%
N/A
JP
Nippon Building Fund Inc
TSE:8951
26.5
4%
6.6
US
COPT Defense Properties
NYSE:CDP
47.5
3%
15.8
US
Vornado Realty Trust
NYSE:VNO
6.8
-56%
N/A
JP
Japan Real Estate Investment Corp
TSE:8952
23
2%
11.5
AU
Dexus
ASX:DXS
12.7
64%
0.2
SG
Keppel REIT
SGX:K71U
Not Available
-21%
N/A
JP
Kenedix Office Investment Corp
TSE:8972
19.9
1%
19.9

Market Distribution

In line with most companies in United Kingdom
Percentile
48th
Based on 2 384 companies
48th percentile
0.1
Low
0 — 0.1
Typical Range
0.1 — 0.2
High
0.2 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0.1
Median 0.1
70th Percentile 0.2
Max 2 143.8

Workspace Group PLC
Glance View

Market Cap
741.1m EUR
Industry
Real Estate

Workspace Group PLC has carved out a distinct niche in the commercial property sector, focusing on providing flexible office spaces tailored to the needs of small and medium-sized enterprises (SMEs) and entrepreneurs. Founded in 1987, the company recognized early on that the business landscape was shifting towards more dynamic and adaptable work environments. In an era defined by technological advancements and changing work cultures, Workspace Group offers its clients the freedom to thrive in a setting that encourages innovation and agility. By investing in prime urban locations, particularly throughout London, the company has developed a unique portfolio that combines historic buildings with modern amenities, catering to a diverse range of industries. Each property is designed to be more than just a place of work; rather, they are vibrant communities that inspire collaboration and creativity among their tenants. Workspace Group generates its revenue primarily through leasing office spaces, but its business model goes beyond mere property rental. They adopt a customer-centric approach, providing a suite of services that enhance the tenant experience. This includes meeting rooms, virtual offices, and tailored business support, which can be adjusted to meet the changing needs of their clients. Moreover, by maintaining a hands-on approach in property management and continually investing in the development of their properties, Workspace ensures that each location remains not just relevant but also at the forefront of where business trends are heading. This commitment to quality and adaptability not only secures steady rental income but also positions Workspace Group at the leading edge of the flexible office space market.

WRX1 Intrinsic Value
7.3 EUR
Undervaluation 47%
Intrinsic Value
Price €3.86
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett