# Iwg (IWG.LSE)

Canonical: https://gigainvestors.com/s/IWG.LSE

Analysis as of: 2026-10-16T07:40:17.968Z. 

Listing currency: GBX. Reporting currency: GBP.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: GBX 183.00 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 41% since Oct 2021

Story as of 2026-10-16T10:01:28.824Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Annual sales are GBP 3 billion.

- Source: https://filings.xbrl.org/2138003LWDII27UTAG52/2023-12-31/ESEF/GB/0/2138003LWDII27UTAG52-2023-12-31-T01.json (filed 2024-04-02); FY2023: revenue 2958000000; grossProfit 589000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); IWG.LSE: 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.

### Why customers stay

Margins ranged from 10.9% to 20.9% during 2021–23.

- Source: https://filings.xbrl.org/2138003LWDII27UTAG52/2022-12-31/ESEF/GB/0/2138003LWDII27UTAG52-2022-12-31-T01.json (filed 2024-04-02); FY2021: grossProfit / revenue = 10.9%.

- Source: https://filings.xbrl.org/2138003LWDII27UTAG52/2023-12-31/ESEF/GB/0/2138003LWDII27UTAG52-2023-12-31-T01.json (filed 2024-04-02); FY2022: grossProfit / revenue = 20.9%.

- Source: https://filings.xbrl.org/2138003LWDII27UTAG52/2023-12-31/ESEF/GB/0/2138003LWDII27UTAG52-2023-12-31-T01.json (filed 2024-04-02); FY2023: grossProfit / revenue = 19.9%.

### Where the cash goes

Paid no dividends in 4 years; bought back GBP 1 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2024-04-02); FY2020: growth capex 0; upkeep 273900000; owner earnings 274300000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2024-04-02); FY2021: growth capex 0; upkeep 255000000; owner earnings 650000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2024-04-02); Dividend observations: [[2020,0],[2021,0],[2022,0],[2023,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://filings.xbrl.org/2138003LWDII27UTAG52/2023-12-31/ESEF/GB/0/2138003LWDII27UTAG52-2023-12-31-T01.json (filed 2024-04-02); FY2023: cash repurchases 1000000 GBP.

### Are managers owners

Insiders own 27.4% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); IWG.LSE SharesStats.PercentInsiders = 27.412999999999997 percentage points; cache date 2026-10-16.

### What the price says

The price is 0.6 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2024-04-02); Closing price 183 GBX; reporting-to-trading FX 100; FY2023 annual sales per share 2.9442418604651164; price multiple 0.621552198062596. FY2021 cash earnings/share 0.6468292682926828. Closing-price date 2026-10-15.

## Monthly share-price history (GBX per share)

- 2016-10: GBX 248.90 per share

- 2016-11: GBX 233.00 per share

- 2016-12: GBX 246.00 per share

- 2017-01: GBX 249.70 per share

- 2017-02: GBX 283.00 per share

- 2017-03: GBX 319.00 per share

- 2017-04: GBX 324.90 per share

- 2017-05: GBX 332.30 per share

- 2017-06: GBX 323.40 per share

- 2017-07: GBX 328.00 per share

- 2017-08: GBX 300.60 per share

- 2017-09: GBX 309.50 per share

- 2017-10: GBX 215.40 per share

- 2017-11: GBX 197.00 per share

- 2017-12: GBX 257.40 per share

- 2018-01: GBX 265.60 per share

- 2018-02: GBX 234.50 per share

- 2018-03: GBX 228.70 per share

- 2018-04: GBX 247.80 per share

- 2018-05: GBX 311.00 per share

- 2018-06: GBX 319.60 per share

- 2018-07: GBX 303.40 per share

- 2018-08: GBX 240.00 per share

- 2018-09: GBX 242.90 per share

- 2018-10: GBX 230.00 per share

- 2018-11: GBX 232.40 per share

- 2018-12: GBX 209.00 per share

- 2019-01: GBX 223.90 per share

- 2019-02: GBX 230.30 per share

- 2019-03: GBX 249.20 per share

- 2019-04: GBX 339.90 per share

- 2019-05: GBX 338.10 per share

- 2019-06: GBX 340.50 per share

- 2019-07: GBX 378.90 per share

- 2019-08: GBX 417.20 per share

- 2019-09: GBX 408.90 per share

- 2019-10: GBX 383.40 per share

- 2019-11: GBX 408.60 per share

- 2019-12: GBX 435.50 per share

- 2020-01: GBX 441.60 per share

- 2020-02: GBX 351.70 per share

- 2020-03: GBX 172.40 per share

- 2020-04: GBX 238.00 per share

- 2020-05: GBX 295.80 per share

- 2020-06: GBX 265.00 per share

- 2020-07: GBX 230.80 per share

- 2020-08: GBX 281.60 per share

- 2020-09: GBX 260.00 per share

- 2020-10: GBX 253.40 per share

- 2020-11: GBX 322.80 per share

- 2020-12: GBX 343.20 per share

- 2021-01: GBX 313.40 per share

- 2021-02: GBX 360.00 per share

- 2021-03: GBX 340.60 per share

- 2021-04: GBX 366.70 per share

- 2021-05: GBX 360.00 per share

- 2021-06: GBX 300.60 per share

- 2021-07: GBX 313.60 per share

- 2021-08: GBX 299.10 per share

- 2021-09: GBX 293.00 per share

- 2021-10: GBX 309.50 per share

- 2021-11: GBX 279.50 per share

- 2021-12: GBX 291.00 per share

- 2022-01: GBX 283.80 per share

- 2022-02: GBX 280.10 per share

- 2022-03: GBX 261.80 per share

- 2022-04: GBX 244.00 per share

- 2022-05: GBX 251.30 per share

- 2022-06: GBX 187.10 per share

- 2022-07: GBX 192.60 per share

- 2022-08: GBX 160.90 per share

- 2022-09: GBX 126.25 per share

- 2022-10: GBX 132.00 per share

- 2022-11: GBX 159.35 per share

- 2022-12: GBX 166.00 per share

- 2023-01: GBX 185.55 per share

- 2023-02: GBX 183.30 per share

- 2023-03: GBX 164.45 per share

- 2023-04: GBX 169.70 per share

- 2023-05: GBX 145.40 per share

- 2023-06: GBX 137.80 per share

- 2023-07: GBX 152.90 per share

- 2023-08: GBX 179.20 per share

- 2023-09: GBX 141.50 per share

- 2023-10: GBX 132.00 per share

- 2023-11: GBX 142.80 per share

- 2023-12: GBX 189.30 per share

- 2024-01: GBX 187.90 per share

- 2024-02: GBX 185.80 per share

- 2024-03: GBX 192.90 per share

- 2024-04: GBX 185.90 per share

- 2024-05: GBX 182.60 per share

- 2024-06: GBX 172.90 per share

- 2024-07: GBX 172.80 per share

- 2024-08: GBX 180.10 per share

- 2024-09: GBX 177.80 per share

- 2024-10: GBX 159.60 per share

- 2024-11: GBX 166.80 per share

- 2024-12: GBX 159.10 per share

- 2025-01: GBX 172.20 per share

- 2025-02: GBX 199.40 per share

- 2025-03: GBX 180.70 per share

- 2025-04: GBX 184.90 per share

- 2025-05: GBX 192.60 per share

- 2025-06: GBX 208.80 per share

- 2025-07: GBX 221.40 per share

- 2025-08: GBX 202.40 per share

- 2025-09: GBX 223.20 per share

- 2025-10: GBX 226.40 per share

- 2025-11: GBX 231.80 per share

- 2025-12: GBX 231.40 per share

- 2026-01: GBX 247.20 per share

- 2026-02: GBX 222.60 per share

- 2026-03: GBX 174.90 per share

- 2026-04: GBX 184.80 per share

- 2026-05: GBX 189.20 per share

- 2026-06: GBX 185.00 per share

- 2026-07: GBX 197.10 per share

- 2026-08: GBX 190.00 per share

- 2026-09: GBX 178.60 per share

- 2026-10: GBX 183.00 per share

## Annual estimated value (GBX per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:46:04.874Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original ESEF filing](https://filings.xbrl.org/2138003LWDII27UTAG52/2023-12-31/ESEF/GB/0/2138003LWDII27UTAG52-2023-12-31/reports/2138003LWDII27UTAG52-2023-12-31-T01.xhtml); period 2023-12-31, filed 2024-04-02.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.