Workspace Group (WKP) Share Price, News & Analysis

Company Overview

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential. We have a unique combination of a highly effective and scalable operating platform, a portfolio of distinctive properties, and an ownership model that allows us to offer true flexibility. We provide customers with blank canvas space to create a home for their business, alongside leases that give them the freedom to easily scale up and down within our well-connected, extensive portfolio. We are inherently sustainable - we invest across the capital, breathing new life into old buildings and creating hubs of economic activity that help flatten London's working map. We work closely with our local communities to ensure we make a positive and lasting environmental and social impact, creating value over the long term. Workspace was established in 1987, has been listed on the London Stock Exchange since 1993, is a FTSE 250 listed Real Estate Investment Trust (REIT) and a member of the European Public Real Estate Association (EPRA). Workspace is a registered trademark of Workspace Group PLC, London, UK.

Key Stats

• Today's Range: 488.50 to 499
• 50-Day Range: 491.50 to 626
• 52-Week Range: 473 to 664
• Volume: 558,662 shs
• Average Volume: 285,477 shs
• Market Capitalization: £955.20 million
• P/E Ratio: N/A
• Dividend Yield: 5.63%
• Price Target: GBX 647.50
• Consensus Rating: Buy

Workspace Group Stock Analysis - MarketRank™

Workspace Group scored higher than 77% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Workspace Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Workspace Group has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Workspace Group is -497.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Workspace Group is -497.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Workspace Group has a PEG Ratio of 1.54. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Workspace Group has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for WKP.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Workspace Group is a leading dividend payer. It pays a dividend yield of 4.38%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Workspace Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for WKP.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.34

News Sentiment

Workspace Group has a news sentiment score of 1.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Workspace Group this week, compared to 1 article on an average week.

Company Ownership

• Score: 5.0 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Workspace Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought £3,992.88 in company stock and sold GBX 0 in company stock.

Percentage Held by Insiders

32.24% of the stock of Workspace Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

63.13% of the stock of Workspace Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WKP Stock Analysis - Frequently Asked Questions

How have WKP shares performed this year?

Workspace Group's stock was trading at GBX 568 at the beginning of the year. Since then, WKP stock has decreased by 12.4% and is now trading at GBX 497.50.
View the best growth stocks for 2024 here.

How were Workspace Group's earnings last quarter?

Workspace Group Plc (LON:WKP) announced its quarterly earnings results on Friday, June, 5th. The company reported $44.60 EPS for the quarter, topping analysts' consensus estimates of $44.50 by $0.10. Workspace Group had a negative trailing twelve-month return on equity of 11.54% and a negative net margin of 104.45%.

How do I buy shares of Workspace Group?

Shares of WKP stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
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What other stocks do shareholders of Workspace Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Workspace Group investors own include Lloyds Banking Group (LLOY), Bellway (BWY), Vodafone Group Public (VOD), BP (BP), Barclays (BARC), QUALCOMM (QCOM) and Aviva (AV).

Company Calendar

• Last Earnings: 6/05/2020
• Today: 12/21/2024
• Ex-Dividend for 2/3 Dividend: 1/09/2025
• Dividend Payable: 2/03/2025

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Real Estate
• Industry: REIT - Office
• Sub-Industry: N/A
• Current Symbol: LON:WKP
• CUSIP: N/A
• CIK: N/A
• Web: www.workspacegroupplc.co.uk
• Phone: +44-20-71383300
• Fax: N/A
• Employees: 293
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 647.50
• High Stock Price Target: GBX 700
• Low Stock Price Target: GBX 595
• Potential Upside/Downside: +30.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX (1)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 13.53
• P/E Growth: 1.54
• Net Income: £-192,500,000.00
• Net Margins: -104.45%
• Pretax Margin: N/A
• Return on Equity: -11.54%
• Return on Assets: 2.35%

Debt

• Debt-to-Equity Ratio: 57.43
• Current Ratio: 1.23
• Quick Ratio: 0.11

Sales & Book Value

• Annual Sales: £184.30 million
• Price / Sales: 5.18
• Cash Flow: GBX 12.09 per share
• Price / Cash Flow: 41.15
• Book Value: GBX 808 per share
• Price / Book: 0.62

Miscellaneous

• Outstanding Shares: 192,000,000
• Free Float: N/A
• Market Cap: £955.20 million
• Optionable: Not Optionable
• Beta: 1.04