# International Workplace Group plc (IWG.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Professional Services. Price 185p, market value 1.8 billionp.

## Valuation
- **P/E (trailing): 185.4×**. International Workplace Group plc trades at 185.4× trailing earnings. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 13.1×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **EV / EBITDA: 5.3×**. Enterprise value is 5.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 28.7%** (5-yr avg 0.4%). Free cash flow equals 28.7% of the market value, above its five-year average of 0.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 0.5%**. The inverse of the P/E: 0.5% of the price is earned each year.

## Profitability
- **Gross margin: 24.8%**. International Workplace Group plc keeps 24.8% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 9.6%**. 9.6% of revenue is left after running the business.
- **Net margin: 0.5%**. 0.5% of each dollar of sales reaches the bottom line.
- **Return on equity: -6.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 6.6%**. Return on all capital, debt included, is 6.6%.
- **Return on assets: 0.3%**. Each dollar of assets produces 0.3% of profit.

## Growth
- **Revenue growth (1 yr): -16.8%** (3-yr 11.8%/yr, 5-yr 9.6%/yr). Revenue fell 16.8% over the last year, against 9.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -9.1%**. Earnings per share fell 9.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -41.6%/yr**. Free cash flow has compounded at -41.6% a year over three years.

## Financial health
- **Net debt / EBITDA: 3.9×**. It would take 3.9 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 1.4×**. Operating profit covers interest only 1.4×: fragile.
- **Current ratio: 0.38** (quick 0.38). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 0.22**. A Z-score of 0.22 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.55%** (0p per share, trailing). International Workplace Group plc yields 0.55%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 78%** (4% of free cash flow). 78% of earnings goes out as dividends, leaving a thin cushion.
- **Shareholder yield: 5.3%**. Dividends plus net buybacks return 5.3% of the market value a year.

## Analyst view
- **Analyst consensus: strong_buy** (10 analysts). 10 analysts cover International Workplace Group plc; the consensus is strong_buy, with an average price target of 275p (+48% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -6.6%** (YTD -18.8%, 3-mo 6.6%). The shares are down 6.6% over twelve months including dividends.
- **From 52-week high: -26.0%** (13.4% above the low). Trading 26% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 1.14** (volatility 31%). Beta of 1.14 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IWG.L · Page: https://foliofundamentals.com/stocks/iwg.l

Not investment advice.