Workspace Group (WKP)

Sector:

Property Investment Trusts

Index:

FTSE 250

486.50p
   
  • Change Today:
    -8.50p
  • 52 Week High: 604.00
  • 52 Week Low: 454.40
  • Currency: UK Pounds
  • Shares Issued: 191.91m
  • Volume: 31,442
  • Market Cap: £933.64m
  • RiskGrade: 166

Dividend Data

  31-Mar-2331-Mar-2231-Mar-2131-Mar-2031-Mar-19
Interim Dividend8.40p7.00pn/a11.67p10.61p
Final Dividend17.40p14.50p17.75p24.49p22.26p
Total Dividend25.80p21.50p17.75p36.16p10.61p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 174.20 132.90 142.30 161.40 149.40
Operating Profit/(Loss) (2.50) 144.50 (195.50) 95.80 161.90
Net Interest (35.00) (20.50) (40.20) (23.30) (21.50)
Profit Before Tax (37.50) 124.00 (235.70) 72.50 137.30
Profit After Tax (37.80) 123.90 (235.70) 72.10 137.30
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (37.80) 123.90 (235.70) 72.10 137.30
Attributable to:          
Equity Holders of Parent Company (37.80) 123.90 (235.70) 72.10 137.30
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (19.90p) 68.50p (130.30p) 40.00p 78.90p
Earnings per Share - Diluted (19.90p) 68.10p (130.30p) 39.70p 78.30p
Earnings per Share - Adjusted 31.70p 25.80p 21.30p 44.60p 40.60p
Continuing and Discontinued EPS          
Earnings per Share - Basic (19.90p) 68.50p (130.30p) 40.00p 78.90p
Earnings per Share - Diluted (19.90p) 68.10p (130.30p) 39.70p 78.30p
Earnings per Share - Adjusted 31.70p 25.80p 21.30p 44.60p 40.60p
           
Dividend per Share 25.80p 21.50p 17.75p 36.16p 32.87p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 4.40 2.90 4.00 4.80 3.40
Intangible Assets 2.00 1.90 2.40 2.00 1.60
Investment Properties 2,643.30 2,366.70 2,349.90 2,586.30 2,591.40
Investments 2.10 1.70 7.90 7.90 9.80
Other Financial Assets n/a n/a n/a n/a 10.10
Other Non-Current Assets n/a 0.30 9.10 19.10 n/a
  2,651.80 2,373.50 2,373.30 2,620.10 2,616.30
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 45.80 23.50 29.30 25.20 13.70
Cash at Bank & in Hand 18.50 49.00 191.00 79.20 26.70
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 123.00 65.90 n/a 11.00 25.50
  187.30 138.40 220.30 115.40 65.90
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 2,839.10 2,511.90 2,593.60 2,735.50 2,682.20
           
Liabilities          
Current Liabilities          
Borrowings 49.80 n/a 156.60 9.00 n/a
Other Current Liabilities 107.80 85.80 95.00 83.10 77.00
  157.60 85.80 251.60 92.10 77.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 893.80 626.50 622.50 645.40 623.20
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities n/a n/a n/a n/a n/a
  893.80 626.50 622.50 645.40 623.20
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 1,051.40 712.30 874.10 737.50 700.20
           
Net Assets 1,787.70 1,799.60 1,719.50 1,998.00 1,982.00
           
Capital & Reserves          
Share Capital 191.60 181.10 181.10 180.70 180.40
Share Premium Account 295.50 295.50 295.50 295.40 295.10
Other Reserves 81.10 22.70 23.50 22.60 18.10
Retained Earnings 1,219.50 1,300.30 1,219.40 1,499.30 1,488.40
Shareholders Funds 1,787.70 1,799.60 1,719.50 1,998.00 1,982.00
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 1,787.70 1,799.60 1,719.50 1,998.00 1,982.00
Cash Flow 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Net Cash Flow From Operating Activities 78.80 57.90 38.40 84.70 76.10
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (200.20) 9.20 (14.90) 14.60 (254.40)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities 90.90 (209.10) 88.30 (46.80) 187.00
Net Increase/Decrease In Cash (30.50) (142.00) 111.80 52.50 8.70
Ratios - based on IFRS 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
PE Ratio - Adjusted 13.8 26.6 37.6 17.0 24.0
PEG - Adjusted 0.6 1.3 n/a 1.7 2.4
Earnings per Share Growth - Adjusted 23% 21% -52% 10% 10%
Dividend Cover 1.23 1.20 1.20 1.23 1.24
Revenue per Share 91.46p 73.43p 0.79p 89.44p 84.34p
Pre-Tax Profit per Share (19.69p) 68.51p (1.32p) 40.17p 77.51p
Operating Margin (1.44%) 108.73% (137.39%) 59.36% 108.37%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 13.8 26.6 3,720.9 17.0 24.0
PEG - Adjusted 0.6 0.0 n/a 1.7 2.4
Earnings per Share Growth - Adjusted 23% 11,900% -100% 10% 10%
Dividend Cover 1.23 1.20 0.01 1.23 1.24
           
Dividend Yield 5.9% 3.1% 2.2% 4.8% 3.4%
Dividend per Share Growth 20.00% 21.13% (50.91%) 10.01% 20.01%
Operating Cash Flow per Share 41.37p 31.99p 21.23p 46.93p 42.96p
Cash Incr/Decr per Share (16.01p) (78.46p) 0.62p 29.09p 4.91p
Net Asset Value per Share (exc. Intangibles) 937.52p 993.29p 949.51p 1,106.03p 1,118.00p
Net Gearing 51.75% 32.09% 34.20% 28.79% 30.10%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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