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International Workplace Group plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office space, coworking, membership, virtual offices, meeting rooms, and workplace recovery products. It provides its services franchise partners, landlords, and property owners under the Regus, Signature, Spaces, HQ, Basepoint, Stop & Work, The Office Operators, The Clubhouse, BizDojo, Open Office, No18, Central Working, and Copernico brand names. It also operates Home to work, Easy Offices, Worka, Rovva, Meetingo, and Managed Office Solutions. The company was formerly known as IWG plc and changed its name to International Workplace Group plc in May 2024. International Workplace Group plc was founded in 1989 and is headquartered in Zug, Switzerland.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
IWG PLC operates a global network of flexible workspaces under brands such as Regus and Spaces, offering serviced offices and coworking through company-run centers and franchise partners. Long-term growth may be supported by structural shifts to hybrid work and rising corporate demand for flexibility, while increased franchising could reduce capital intensity. Investors may find recurring membership revenue and global scale attractive.
Key risks include large lease and property obligations, earnings sensitivity to occupancy and economic cycles, strong competition and execution risk in growing the franchise model.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 47.99M | 53.00M | -189.00M | -105.00M | -259.40M |
| Minority interest | 3.00M | 1.00M | -1.00M | 3.00M | 5.60M |
| Net income | 18.38M | 20.00M | -215.00M | -121.00M | -269.70M |
| Selling general administrative | 546.00M | 587.00M | 447.00M | 406.00M | 294.70M |
| Selling and marketing expenses | - | - | 15.00M | - | - |
| Gross profit | 688.14M | 1104.00M | 589.00M | 575.00M | 342.10M |
| Reconciled depreciation | 357.00M | 1344.00M | 1182.00M | 1189.00M | 1109.40M |
| Ebit | 112.31M | 492.00M | 160.00M | 147.00M | -18.50M |
| Ebitda | 476.80M | 1836.00M | 1342.00M | 1374.00M | 1090.90M |
| Depreciation and amortization | 364.49M | 1344.00M | 1182.00M | 1227.00M | 1109.40M |
| Operating income | 112.31M | 510.00M | 145.00M | 147.00M | -18.50M |
| Other operating expenses | 3728.62M | 3180.00M | 2753.35M | 2582.00M | 2280.00M |
| Interest expense | 110.27M | 64.95M | 348.00M | 269.00M | 207.80M |
| Tax provision | 32.00M | 34.00M | 27.00M | 16.00M | 10.30M |
| Interest income | - | 10.00M | 7.00M | 8.00M | 3.50M |
| Net interest income | -108.00M | -447.00M | -334.00M | -252.00M | -194.50M |
| Income tax expense | 32.67M | 34.00M | 27.00M | 16.00M | 10.30M |
| Total revenue | 3840.93M | 3690.00M | 2958.00M | 2751.00M | 2227.90M |
| Total operating expenses | 575.83M | 594.00M | 568.71M | 406.00M | 394.20M |
| Cost of revenue | 3152.79M | 2586.00M | 2184.64M | 2176.00M | 1885.80M |
| Total other income expense net | -64.32M | -457.00M | -334.00M | -252.00M | -240.90M |
| Discontinued operations | - | - | - | 1.00M | 59.30M |
| Net income from continuing ops | 15.00M | 19.00M | -216.00M | -121.00M | -269.70M |
| Net income applicable to common shares | - | - | - | -117.00M | -204.80M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-06-30 | 2022-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-06-30 | 2022-12-31 |
| Total assets | 9319.39M | 9633.00M | 8202.00M | - | 9081.00M |
| Intangible assets | 156.06M | 227.00M | 209.00M | - | 214.00M |
| Other current assets | 316.12M | 284.20M | 550.00M | - | 997.00M |
| Total liab | 9624.50M | 9490.00M | 8117.00M | - | 8846.00M |
| Total stockholder equity | -305.11M | 93.00M | 34.00M | - | 183.00M |
| Other current liab | 1396.51M | 1755.00M | 1524.00M | - | 1513.00M |
| Common stock | 12.00M | 10.38M | 10.00M | - | 10.00M |
| Capital stock | 12.00M | 13.00M | 10.00M | - | 10.00M |
| Retained earnings | -264.10M | 128.00M | -168.00M | - | -35.00M |
| Other liab | - | - | - | - | 201.00M |
| Good will | 1245.45M | 1148.00M | 919.00M | - | 934.00M |
| Other assets | - | - | - | - | 502.00M |
| Cash | 304.11M | 137.00M | 110.00M | - | 154.00M |
| Total current liabilities | 3345.22M | 3563.00M | 2747.00M | - | 3020.00M |
| Current deferred revenue | 334.12M | - | 433.00M | - | - |
| Net debt | 7107.59M | 6858.00M | 5985.00M | - | 6758.00M |
| Short term debt | 1317.48M | 1335.00M | 937.00M | - | 1287.00M |
| Short long term debt | 17.00M | 204.00M | 13.00M | - | 285.00M |
| Short long term debt total | 7411.70M | 6995.00M | 6095.00M | - | 6912.00M |
| Other stockholder equity | 257.09M | 217.00M | 135.00M | - | 208.00M |
| Property plant equipment | - | - | - | - | 6234.00M |
| Total current assets | 1276.46M | 1339.00M | 1062.00M | - | 1152.00M |
| Net tangible assets | - | - | - | - | -965.00M |
| Short term investments | - | - | 117.00M | - | - |
| Net receivables | 656.24M | 917.00M | 401.00M | - | 395.00M |
| Long term debt | 1069.00M | 629.00M | 705.00M | - | 588.00M |
| Inventory | - | 0.80M | 1.00M | - | 1.00M |
| Accounts payable | 297.11M | 232.00M | 243.00M | - | 220.00M |
| Accumulated other comprehensive income | -310.11M | -249.92M | 31.00M | - | - |
| Non currrent assets other | 147.05M | 1398.38M | 234.00M | - | 197.00M |
| Non current assets total | 8042.93M | 8294.00M | 7140.00M | - | 7929.00M |
| Capital lease obligations | 6322.00M | 6162.00M | 5377.00M | - | 6039.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -183.00M | -163.00M | -538.00M | -0.30M |
| Change to liabilities | - | - | - | 191.00M | -38.50M |
| Total cashflows from investing activities | -221.55M | -183.00M | -193.07M | -538.00M | 61.90M |
| Net borrowings | 138.00M | -48.00M | -206.00M | -611.00M | -828.40M |
| Total cash from financing activities | 4.08M | -1125.00M | -172.96M | -532.00M | -791.70M |
| Change to operating activities | - | - | - | 19.00M | 19.70M |
| Net income | 18.38M | 15.65M | -215.00M | -121.00M | -265.70M |
| Change in cash | 148.33M | 7.00M | -55.89M | 83.00M | 6.80M |
| Begin period cash flow | 155.78M | 141.00M | 161.00M | 78.00M | 71.00M |
| End period cash flow | 304.11M | 148.00M | 110.00M | 161.00M | 77.80M |
| Total cash from operating activities | 371.64M | 1329.00M | 320.98M | 1147.00M | 734.80M |
| Issuance of capital stock | 15.00M | 0.00M | 0.00M | 0.00M | 0.80M |
| Depreciation | 364.49M | 1344.00M | 1182.00M | 1189.00M | 1109.40M |
| Other cashflows from investing activities | 6.13M | -36.09M | -85.07M | 8.00M | 304.80M |
| Dividends paid | 14.29M | 17.00M | - | - | - |
| Change to inventory | - | - | -22.00M | - | - |
| Change to account receivables | 248.10M | -22.00M | -19.00M | -97.00M | -127.30M |
| Sale purchase of stock | -132.73M | 0.00M | -1.00M | -5.00M | 0.00M |
| Other cashflows from financing activities | - | -1060.00M | -7.96M | 427.00M | 154.20M |
| Change to netincome | - | - | - | -38.00M | -8.60M |
| Capital expenditures | 199.09M | 237.00M | 215.00M | 282.00M | 255.50M |
| Change in working capital | -1407.93M | -24.00M | 125.00M | 94.00M | -165.80M |
| Stock based compensation | 6.00M | 2.00M | 8.00M | 4.00M | 5.80M |
| Other non cash items | 1405.89M | -8.65M | -779.02M | -19.00M | 158.00M |
| Free cash flow | 172.55M | 1092.00M | 983.00M | 865.00M | 479.30M |
Sector: Real Estate Industry: Real Estate Services
|
Stock Name
|
Change
(GBX) |
Price
(GBX) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| IWG IWG PLC |
3.30 1.78% |
189.00 | 184.90 | 12.17 | 0.47 | 29.39 | 2.50 | 19.27 |
| SRE Sirius Real Estate Limited |
1.60 1.68% |
97.00 | 8.27 | 12.77 | 4.80 | 1.01 | 8.63 | 11.67 |
| GRI Grainger PLC |
1.20 0.67% |
180.90 | 6.31 | 20.33 | 4.79 | 0.60 | 10.55 | 18.77 |
| SVS Savills |
10.00 0.95% |
1062.00 | 16.69 | 9.62 | 0.44 | 1.50 | 0.49 | 5.45 |
| GWI Globalworth REIT |
-0.06 3.55% |
1.63 | 0.56 | 12.18 | 2.07 | 0.34 | 25.48 | - |
International Workplace Group plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office space, coworking, membership, virtual offices, meeting rooms, and workplace recovery products. It provides its services franchise partners, landlords, and property owners under the Regus, Signature, Spaces, HQ, Basepoint, Stop & Work, The Office Operators, The Clubhouse, BizDojo, Open Office, No18, Central Working, and Copernico brand names. It also operates Home to work, Easy Offices, Worka, Rovva, Meetingo, and Managed Office Solutions. The company was formerly known as IWG plc and changed its name to International Workplace Group plc in May 2024. International Workplace Group plc was founded in 1989 and is headquartered in Zug, Switzerland.
| Name | Title | Year Born |
|---|---|---|
| Mr. Mark Dixon | Founder, CEO & Exec. Director | 1959 |
| Mr. Charlie Steel | Chief Financial Officer | 1985 |
| Mr. Wayne Gerry | Group Investor Relations Director | NA |
| Simon Condon | Group Head of Communications | NA |
| Samir Amad | Exec. VP of Latin America | NA |
| Mr. Pelle Persson | Head of Devel. in Nordics | NA |
| Mr. Guillermo E. Rotman | Pres of the Regus Group Americas | NA |
| Mr. Timothy Sean James Donovan Regan BEc, FCA, FAPI, MAICD | Company Sec. | 1966 |
| Mr. Filippo Sarti | Chief Exec. Officer of Middle East & Africa | NA |
| Mr. Paulo Dias | Chief Exec. Officer of Europe, Middle East & Africa | NA |
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