Workspace Group Plc

Workspace (WKP)

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Company name:Workspace Group Plc
Company Description:Letting small units of business accommodation located in the South East intended primarily for new and small businesses
EPIC:WKPTrading Currency:GBX
Market Sector:F25FISIN:GB00B67G5X01
Market Segment:STMMShare Type:DE
WWW Address:http://www.workspacegroup.co.ukDescription:ORD GBP1
Industry Sector:REAL ESTATE INVESTMENT TRUSTS
 Price Price Change [%] Bid Offer Open High Low Volume
 755.50 images.advfn.com/imagesnew/2/gb/up 27.5 [3.78] 751.50 753.00 744.50 756.00 721.00 635,673
 Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range
 1,368.26 181.11 0.35 40.00 36.16 18.89 4.79 1,317.00 - 422.80

Workspace Key Figures

(at previous day's close)
Market Cap.1,368.26m
Shares In Issue181.11m
Prev. Close728.00
PE Ratio18.89 
Dividend Yield4.79%
EPS - basic40.00p
Dividend PS36.16p
Dividend Cover1.11 
Cash Flow PS46.77p
Return On Equity (ROE)3.61%
Operating Margin44.92%
PEG Factor-0.38 
EPS Growth Rate-49.30%
Dividends PS Growth Rate10.01%
Net Debt658.30m
Gross Gearing26.96%
Quick Assets116.00m
Net Working Capital23.90m
Intangibles / Fixed Assets0.08%
Turnover PS89.12p
Pre-Tax Profit PS40.03p
Retained Profit PS6.13p
Cash PS43.73p
Net Cash PS-7.12p
Net Tangible Asset Value PS *1,102.11p
Net Asset Value PS1,103.22p
Spread1.50 (0.20%) 

Workspace Balance Sheet

LSE:WKP:Liabilities+EQLSE:WKP:Assets

Share Price Performance

Sample Period HighLow
1 week756.00683.00
4 weeks772.00618.00
12 weeks772.00472.40
1 year1,317.00422.80

Share Price Chart (5 years)

Workspace Historic Returns

Period OpenChange%Open Avg.Avg. Daily Vol [m]Total Vol [m]VWAP
1 week716.0039.505.52683.000.25705.25
4 weeks653.00102.5015.70618.000.32706.38
12 weeks550.00205.5037.36472.400.31616.96
26 weeks775.00-19.50-2.52472.400.31630.08
1 year1,083.00-327.50-30.24422.800.30766.05
3 years932.00-176.50-18.94422.800.24880.04
5 years951.50-196.00-20.60422.800.23845.48

Workspace Key Management Ratios

Workspace Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio4.36 
PE Ratio18.89 
Tobin's Q Ratio 0.51 
Tobin's Q Ratio (excl. intangibles)0.51 
Dividend Yield4.79%
Market-to-Book Ratio0.68 
Price-to-Pre-Tax Profit PS18.87 
Price-to-Retained Profit PS123.27 
Price-to-Cash Flow PS16.15 
Price-to-Sales PS8.48 
Price-to-Net Tangible Asset Value PS0.69 
Price-to-Cash PS17.28 
Net Working Capital PS13.20 
Price Pct to Working Capital PS57.25%
Earnings Yield5.29%
Average PE11.70 
Years in average5 
PE to PE average161.47%

Workspace Financial Ratios

(Leverage Ratios)
Debt Ratio24.42%
Debt-to-Equity Ratio0.32 
Debt-to-Equity Ratio (excl. Intgbl)0.32 
Debt-to-Equity Market Value0.47 
Net Gearing24.07%
Net Gearing (excl. Intangibles)24.08%
Gross Gearing26.96%
Gross Gearing (excl. Intangibles)26.98%
Gearing Under 1 Year3.37%
Gearing Under 1 Year (excl. Intgbl)3.37%
Assets/Equity1.37 
Cash/Equity3.96 
(Liquidity Ratios)
Net Working Capital to Total Assets0.87%
Current Ratio1.26 
Quick Ratio (Acid Test)1.26 
Liquidity Ratio0.86 
Cash & Equiv/Current Assets68.28%
(Solvency Ratios)
Enterprise Value1,934.46m
CFO/Sales0.52 
CFO/Attributable Profit1.17 
CFO/Assets0.03 
CFO/Debt0.11 
Total Debt/Equity Market Value0.54 
Total Debt/Sales4.57 
Total Debt/Pre-Tax Profit10.17 
Total Debt737.50m
Total Debt/Net Current Assets30.86%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth-%
5 yr Compound Earnings Growth-%
10 yr Compound Earnings Growth-%
Earn drops > 5% in 10yrs8 
Beta (60-Mnth)Beta (36-Mnth)
0.34640.4480

Workspace Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)2.74%
Return On Assets (ROA)2.66%
Net Profit Margin44.67%
Assets Turnover0.06 
Return On Equity (ROE)3.61%
Return On Investment (ROI)2.75%
Dividend Payout Ratio90.40%
Plowback Ratio9.60%
Growth from Plowback Ratio0.35%
Net Income Of Revenues6.88%
(Asset Utilisation Multiples)
Shareholders Equity Turnover0.08 
Fixed Assets Turnover0.06 
Current Assets Turnover1.77 
Net Working Capital Turnover 
Inventory Turnover- 
(Other Operating Ratios)
Total Assets-to-Sales16.78 
Debtors-to-Sales12.24%
Debt Collection Period44.66Days

Workspace Dividends

Announcement DateTypeCurr.Dividend AmountPeriod StartPeriod EndEx DateRecord DatePayment DateTotal Dividend Amount
05 Jun 2020FinalGBX24.4931/03/201931/03/202002/07/202003/07/202007/08/202036.16
13 Nov 2019InterimGBX11.6731/03/201931/03/202009/01/202010/01/202005/02/2020-
05 Jun 2019FinalGBX22.2631/03/201831/03/201904/07/201905/07/201902/08/201932.87
14 Nov 2018InterimGBX10.6131/03/201831/03/201910/01/201911/01/201906/02/2019-
06 Jun 2018FinalGBX18.5531/03/201731/03/201805/07/201806/07/201803/08/201827.39
08 Nov 2017InterimGBX8.8431/03/201731/03/201811/01/201812/01/201806/02/2018-
07 Jun 2017FinalGBX14.2731/03/201631/03/201706/07/201707/07/201707/08/201721.07
09 Nov 2016InterimGBX6.8031/03/201631/03/201712/01/201713/01/201707/02/2017-
08 Jun 2016FinalGBX10.1931/03/201531/03/201607/07/201608/07/201605/08/201614.08
11 Nov 2015InterimGBX3.8931/03/201531/03/201607/01/201608/01/201602/02/2016-
03 Jun 2015FinalGBX8.1531/03/201431/03/201509/07/201510/07/201507/08/201512.04
12 Nov 2014InterimGBX3.8931/03/201431/03/201508/01/201509/01/201503/02/2015-
04 Jun 2014FinalGBX7.0931/03/201331/03/201409/07/201411/07/201401/08/201410.63
12 Nov 2013InterimGBX3.5431/03/201331/03/201408/01/201410/01/201404/02/2014-
11 Jun 2013FinalGBX6.4531/03/201231/03/201310/07/201312/07/201302/08/20139.67
13 Nov 2012InterimGBX3.2231/03/201231/03/201309/01/201311/01/201305/02/2013-
12 Jun 2012FinalGBX5.8631/03/201131/03/201211/07/201213/07/201203/08/20128.79
14 Nov 2011InterimGBX2.9331/03/201131/03/201211/01/201213/01/201207/02/2012-
06 Jun 2011FinalGBX0.5531/03/201031/03/201113/07/201115/07/201105/08/20110.83
15 Nov 2010InterimGBX0.2831/03/201031/03/201112/01/201114/01/201109/02/2011-
07 Jun 2010FinalGBX0.5031/03/200931/03/201016/06/201018/06/201006/08/20100.75
16 Nov 2009InterimGBX0.2530/03/200930/09/200913/01/201015/01/201011/02/2010-
09 Jun 2009FinalGBX0.5031/03/200831/03/200901/07/200903/07/200906/08/20092.02
17 Nov 2008InterimGBX1.5230/03/200830/09/200807/01/200909/01/200906/02/2009-
09 Jun 2008FinalGBX3.0431/03/200731/03/200809/07/200811/07/200806/08/20084.56
19 Nov 2007InterimGBX1.5230/03/200730/09/200702/01/200804/01/200804/02/2008-
04 Jun 2007FinalGBX2.7631/03/200631/03/200704/07/200706/07/200703/08/20074.14
17 Nov 2006InterimGBX1.3830/03/200630/09/200603/01/200705/01/200701/02/2007-
12 Jun 2006FinalGBX2.5131/03/200531/03/200605/07/200607/07/200604/08/20063.76
21 Nov 2005InterimGBX1.2530/03/200530/09/200504/01/200606/01/200601/02/2006-
13 Jun 2005FinalGBX2.2831/03/200431/03/200529/06/200501/07/200502/08/20053.41
22 Nov 2004InterimGBX1.1330/03/200430/09/200405/01/200507/01/200501/02/2005-
14 Jun 2004FinalGBX20.7031/03/200331/03/200430/06/200402/07/200402/08/20043.10
24 Nov 2003InterimGBX10.3030/03/200330/09/200303/01/200405/01/200402/02/2004-
23 Jun 2003FinalGBX20.6031/03/200231/03/200302/07/200304/07/200301/08/20032.81
25 Nov 2002InterimGBX7.5030/03/200230/09/200204/01/200306/01/200303/02/2003-
24 Jun 2002FinalGBX18.5031/03/200131/03/200203/07/200205/07/200201/08/20022.55
26 Nov 2001InterimGBX7.0030/03/200130/09/200102/01/200204/01/200201/02/2002-
25 Jun 2001FinalGBX16.6031/03/200031/03/200104/07/200106/07/200101/08/20012.31
27 Nov 2000InterimGBX6.5030/03/200030/09/200002/01/200108/01/200101/02/2001-
26 Jun 2000FinalGBX15.0031/03/199931/03/200003/07/200007/07/200001/08/20002.10
18 Nov 1999InterimGBX6.0030/03/199930/09/199904/01/200010/01/200001/02/2000-
22 Jun 1999FinalGBX13.5031/03/199831/03/199928/06/199902/07/199902/08/19991.90
16 Nov 1998InterimGBX5.5030/03/199830/09/199804/01/199908/01/199901/02/1999-
22 Jun 1998FinalGBX12.0031/03/199731/03/199829/06/199803/07/199814/08/19981.70

Workspace Fundamentals

 31 Mar 2017 (GBP)31 Mar 2018 (GBP)31 Mar 2019 (GBP)31 Mar 2020 (GBP)
turnover108.80100.00%128.90100.00%149.40100.00%161.40100.00%m
pre tax profit88.8081.62%170.40132.20%137.3091.90%72.5044.92%m
attributable profit88.7081.53%171.40132.97%137.3091.90%72.1044.67%m
retained profit61.3056.34%134.00103.96%85.2057.03%11.106.88%m
eps - basic (p)54.50 104.80 78.90 40.00 
eps - diluted (p)53.50 104.00 78.30 39.70 
dividends per share21.07 27.39 32.87 36.16 

Workspace Balance Sheet

 31 Mar 2017 (GBP)31 Mar 2018 (GBP)31 Mar 2019 (GBP)31 Mar 2020 (GBP)
LSE:WKP:Liabilities+EQLSE:WKP:AssetsLSE:WKP:Liabilities+EQLSE:WKP:AssetsLSE:WKP:Liabilities+EQLSE:WKP:AssetsLSE:WKP:Liabilities+EQLSE:WKP:Assets
 31 Mar 2017 (GBP)31 Mar 2018 (GBP)31 Mar 2019 (GBP)31 Mar 2020 (GBP)
ASSETS
fixed assets fixed assets2.900.15%2.900.12%3.400.13%4.800.18%m
intangibles intangibles0.700.04%1.400.06%1.600.06%2.000.07%m
fixed investments fixed investments1,854.5097.75%2,294.5098.09%2,611.3097.36%2,612.7095.51%m
current assets - other current assets - other--%--%25.500.95%11.000.40%m
stocks stocks--%--%--%--%m
debtors debtors32.501.71%22.400.96%13.700.51%25.800.94%m
cash & securities cash & securities6.500.34%18.000.77%26.701.00%79.202.90%m
TOTAL1,897.10100%2,339.20100%2,682.20100%2,735.50100%m
LIABILITIES
creditors - short creditors - short53.102.80%75.503.23%77.002.87%92.103.37%m
creditors - long creditors - long265.5014.00%550.8023.55%623.2023.23%645.4023.59%m
creditors - other creditors - other--%--%--%--%m
subordinated loans subordinated loans--%--%--%--%m
insurance funds insurance funds--%--%--%--%m
TOTAL318.6016.79%626.3026.77%700.2026.11%737.5026.96%m
EQUITY
ord cap, reserves ord cap, reserves1,578.5083.21%1,712.9073.23%1,982.0073.89%1,998.0073.04%m
prefs, minorities prefs, minorities--%--%--%--%m
TOTAL1,578.5083.21%1,712.9073.23%1,982.0073.89%1,998.0073.04%m
OTHER
NAV Basic- - - - 
NAV Diluted- - - - 

Workspace Cash Flow Statement

31 Mar 2017 (GBP)31 Mar 2018 (GBP)31 Mar 2019 (GBP)31 Mar 2020 (GBP)
Operating CF53.4074.2076.1084.70m
Pre-Financing CF62.10-235.20-178.5099.30m
Retained CF-21.3011.508.7052.50m

Workspace Brokers

NameActivityTypeMnemonicCode
J.P. Morgan Cazenove LimitedMarket Maker(MME)Broker/DealerCAZRCAZEGB2L
Deutsche Bank AG London BranchMarket Maker(MME)Broker/DealerDEUTDEUTGB2L
Evolution Securities LimitedMarket Maker(MME)Broker/DealerEVOEVBGGB21MMT
Investec Bank PlcMarket Maker(MME)Broker/DealerINV.IHCSGB21002
HSBC Bank plcMarket Maker(MME)Broker/DealerHSBCJCAPGB2L
J.P. Morgan Securities LtdMarket Maker(MME)Broker/DealerJPMSJPMSGB2L
Morgan Stanley Securities LtdMarket Maker(MME)Broker/DealerMOSTMSSEGB21
Panmure Gordon (UK) LimitedMarket Maker(MME)Broker/DealerPMURPMURGB2L
Merrill Lynch InternationalMarket Maker(MME)Broker/DealerMLSBSNCSGB2LBIC
UBS AGMarket Maker(MME)Broker/DealerUBS.UBSWGB2LEQU
Winterflood Securities LtdMarket Maker(MME)Broker/DealerWINSWNTSGB2LBIC
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P: V:gb D:20201203 22:48:45