Workspace Group PLC (WKP) - Net Assets
Based on the latest financial reports, Workspace Group PLC (WKP) has net assets worth GBX1.40 Billion GBX (≈ $169.84K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX2.35 Billion ≈ $286.09K USD) and total liabilities (GBX955.40 Million ≈ $116.24K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of Workspace Group PLC to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX1.40 Billion |
| % of Total Assets | 59.37% |
| Annual Growth Rate | 12.01% |
| 5-Year Change | -12.64% |
| 10-Year Change | -1.01% |
| Growth Volatility | 26.74 |
Workspace Group PLC - Net Assets Trend (1989–2025)
This chart illustrates how Workspace Group PLC's net assets have evolved over time, based on quarterly financial data. See Workspace Group PLC liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Workspace Group PLC (1989–2025)
The table below shows the annual net assets of Workspace Group PLC from 1989 to 2025. For live valuation and market cap data, see how much is Workspace Group PLC worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX1.50 Billion ≈ $182.77K |
-3.02% |
| 2024-03-31 | GBX1.55 Billion ≈ $188.46K |
-13.36% |
| 2023-03-31 | GBX1.79 Billion ≈ $217.51K |
-0.66% |
| 2022-03-31 | GBX1.80 Billion ≈ $218.96K |
+4.66% |
| 2021-03-31 | GBX1.72 Billion ≈ $209.21K |
-13.94% |
| 2020-03-31 | GBX2.00 Billion ≈ $243.10K |
+0.81% |
| 2019-03-31 | GBX1.98 Billion ≈ $241.15K |
+15.71% |
| 2018-03-31 | GBX1.71 Billion ≈ $208.41K |
+8.51% |
| 2017-03-31 | GBX1.58 Billion ≈ $192.06K |
+4.01% |
| 2016-03-31 | GBX1.52 Billion ≈ $184.65K |
+32.39% |
| 2015-03-31 | GBX1.15 Billion ≈ $139.47K |
+57.87% |
| 2014-03-31 | GBX726.10 Million ≈ $88.35K |
+45.10% |
| 2013-03-31 | GBX500.40 Million ≈ $60.88K |
+14.93% |
| 2012-03-31 | GBX435.40 Million ≈ $52.98K |
+30.44% |
| 2011-03-31 | GBX333.80 Million ≈ $40.61K |
+16.19% |
| 2010-03-31 | GBX287.30 Million ≈ $34.96K |
+14.05% |
| 2009-03-31 | GBX251.90 Million ≈ $30.65K |
-53.07% |
| 2008-03-31 | GBX536.80 Million ≈ $65.31K |
-7.86% |
| 2007-03-31 | GBX582.60 Million ≈ $70.89K |
+49.27% |
| 2006-03-31 | GBX390.30 Million ≈ $47.49K |
+35.29% |
| 2005-03-31 | GBX288.50 Million ≈ $35.10K |
-2.42% |
| 2004-03-31 | GBX295.66 Million ≈ $35.97K |
+19.41% |
| 2003-03-31 | GBX247.61 Million ≈ $30.13K |
+11.88% |
| 2002-03-31 | GBX221.32 Million ≈ $26.93K |
+17.44% |
| 2001-03-31 | GBX188.45 Million ≈ $22.93K |
+31.77% |
| 2000-03-31 | GBX143.02 Million ≈ $17.40K |
+31.87% |
| 1999-03-31 | GBX108.45 Million ≈ $13.20K |
+30.60% |
| 1998-03-31 | GBX83.05 Million ≈ $10.10K |
+28.55% |
| 1997-03-31 | GBX64.60 Million ≈ $7.86K |
+21.22% |
| 1996-03-31 | GBX53.29 Million ≈ $6.48K |
+3.09% |
| 1995-03-31 | GBX51.69 Million ≈ $6.29K |
+75.37% |
| 1994-03-31 | GBX29.48 Million ≈ $3.59K |
+80.30% |
| 1993-03-31 | GBX16.35 Million ≈ $1.99K |
-7.30% |
| 1992-03-31 | GBX17.64 Million ≈ $2.15K |
-30.71% |
| 1991-03-31 | GBX25.45 Million ≈ $3.10K |
-16.58% |
| 1990-03-31 | GBX30.51 Million ≈ $3.71K |
+20.35% |
| 1989-03-31 | GBX25.35 Million ≈ $3.08K |
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Equity Component Analysis
This analysis shows how different components contribute to Workspace Group PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 315485.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX943.60 Million | 62.81% |
| Common Stock | GBX191.90 Million | 12.77% |
| Other Components | GBX366.70 Million | 24.41% |
| Total Equity | GBX1.50 Billion | 100.00% |
Workspace Group PLC Competitors by Market Cap
The table below lists competitors of Workspace Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
General Engineering Public Company Limited
BK:GEL
|
$8.05 Million |
|
Gulf & Pacific Equities Corp
V:GUF
|
$8.05 Million |
|
Golden Matrix Group Inc
NASDAQ:GMGI
|
$8.05 Million |
|
Enthusiast Gaming Holdings Inc
TO:EGLX
|
$8.06 Million |
|
Nagambie Resources Ltd
AU:NAG
|
$8.05 Million |
|
GCP Infrastructure Investments Limited
LSE:GCP
|
$8.05 Million |
|
Slam Exploration Ltd.
V:SXL
|
$8.05 Million |
|
Major Development Public Company Limited
BK:MJD
|
$8.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Workspace Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,548,900,000 to 1,502,200,000, a change of -46,700,000 (-3.0%).
- Net income of 5,400,000 contributed positively to equity growth.
- Dividend payments of 56,300,000 reduced retained earnings.
- Share repurchases of 400,000 reduced equity.
- Other comprehensive income decreased equity by 93,000,000.
- Other factors increased equity by 97,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX5.40 Million | +0.36% |
| Dividends Paid | GBX56.30 Million | -3.75% |
| Share Repurchases | GBX400.00K | -0.03% |
| Other Comprehensive Income | GBX-93.00 Million | -6.19% |
| Other Changes | GBX97.60 Million | +6.5% |
| Total Change | GBX- | -3.02% |
Book Value vs Market Value Analysis
This analysis compares Workspace Group PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 44.40x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 172.80x to 44.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-03-31 | GBX1.99 | GBX344.20 | x |
| 1990-03-31 | GBX2.40 | GBX344.20 | x |
| 1991-03-31 | GBX2.00 | GBX344.20 | x |
| 1992-03-31 | GBX1.39 | GBX344.20 | x |
| 1993-03-31 | GBX1.28 | GBX344.20 | x |
| 1994-03-31 | GBX3.05 | GBX344.20 | x |
| 1995-03-31 | GBX3.05 | GBX344.20 | x |
| 1996-03-31 | GBX2.32 | GBX344.20 | x |
| 1997-03-31 | GBX3.02 | GBX344.20 | x |
| 1998-03-31 | GBX3.80 | GBX344.20 | x |
| 1999-03-31 | GBX4.69 | GBX344.20 | x |
| 2000-03-31 | GBX6.21 | GBX344.20 | x |
| 2001-03-31 | GBX8.05 | GBX344.20 | x |
| 2002-03-31 | GBX9.42 | GBX344.20 | x |
| 2003-03-31 | GBX10.63 | GBX344.20 | x |
| 2004-03-31 | GBX12.69 | GBX344.20 | x |
| 2005-03-31 | GBX12.38 | GBX344.20 | x |
| 2006-03-31 | GBX16.56 | GBX344.20 | x |
| 2007-03-31 | GBX7.28 | GBX344.20 | x |
| 2008-03-31 | GBX6.71 | GBX344.20 | x |
| 2009-03-31 | GBX3.15 | GBX344.20 | x |
| 2010-03-31 | GBX2.55 | GBX344.20 | x |
| 2011-03-31 | GBX2.75 | GBX344.20 | x |
| 2012-03-31 | GBX3.15 | GBX344.20 | x |
| 2013-03-31 | GBX3.41 | GBX344.20 | x |
| 2014-03-31 | GBX4.91 | GBX344.20 | x |
| 2015-03-31 | GBX7.43 | GBX344.20 | x |
| 2016-03-31 | GBX9.26 | GBX344.20 | x |
| 2017-03-31 | GBX9.52 | GBX344.20 | x |
| 2018-03-31 | GBX10.39 | GBX344.20 | x |
| 2019-03-31 | GBX11.11 | GBX344.20 | x |
| 2020-03-31 | GBX11.01 | GBX344.20 | x |
| 2021-03-31 | GBX9.51 | GBX344.20 | x |
| 2022-03-31 | GBX9.89 | GBX344.20 | x |
| 2023-03-31 | GBX9.39 | GBX344.20 | x |
| 2024-03-31 | GBX8.08 | GBX344.20 | x |
| 2025-03-31 | GBX7.75 | GBX344.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Workspace Group PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.92%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.64x
- Recent ROE (0.36%) is below the historical average (4.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 2.28% | 19.52% | 0.07x | 1.68x | GBX-1.96 Million |
| 1990 | 3.74% | 28.47% | 0.07x | 1.86x | GBX-1.91 Million |
| 1991 | 4.20% | 24.43% | 0.08x | 2.15x | GBX-1.48 Million |
| 1992 | 2.89% | 11.75% | 0.09x | 2.64x | GBX-1.25 Million |
| 1993 | 4.52% | 12.69% | 0.13x | 2.76x | GBX-895.90K |
| 1994 | 2.55% | 10.94% | 0.12x | 2.02x | GBX-2.20 Million |
| 1995 | 4.40% | 23.12% | 0.11x | 1.66x | GBX-2.90 Million |
| 1996 | 6.18% | 23.49% | 0.13x | 2.01x | GBX-2.04 Million |
| 1997 | 5.92% | 22.30% | 0.13x | 2.02x | GBX-2.64 Million |
| 1998 | 5.88% | 23.01% | 0.12x | 2.06x | GBX-3.42 Million |
| 1999 | 6.03% | 28.74% | 0.12x | 1.78x | GBX-4.31 Million |
| 2000 | 4.56% | 22.25% | 0.09x | 2.26x | GBX-7.78 Million |
| 2001 | 7.05% | 36.68% | 0.10x | 2.02x | GBX-5.56 Million |
| 2002 | 4.05% | 22.93% | 0.09x | 1.95x | GBX-13.17 Million |
| 2003 | 4.19% | 23.06% | 0.09x | 2.13x | GBX-14.39 Million |
| 2004 | 3.56% | 20.63% | 0.08x | 2.16x | GBX-19.03 Million |
| 2005 | 20.28% | 106.36% | 0.08x | 2.52x | GBX29.65 Million |
| 2006 | 27.31% | 168.67% | 0.06x | 2.50x | GBX67.57 Million |
| 2007 | 33.20% | 322.87% | 0.06x | 1.78x | GBX135.14 Million |
| 2008 | -6.46% | -51.87% | 0.06x | 1.92x | GBX-88.38 Million |
| 2009 | -143.07% | -516.33% | 0.10x | 2.70x | GBX-385.59 Million |
| 2010 | 8.42% | 36.39% | 0.09x | 2.54x | GBX-4.53 Million |
| 2011 | 16.03% | 77.76% | 0.09x | 2.22x | GBX20.12 Million |
| 2012 | 11.25% | 72.81% | 0.08x | 1.87x | GBX5.46 Million |
| 2013 | 15.27% | 109.93% | 0.08x | 1.76x | GBX26.36 Million |
| 2014 | 33.25% | 306.73% | 0.07x | 1.54x | GBX168.79 Million |
| 2015 | 30.61% | 381.41% | 0.06x | 1.32x | GBX236.27 Million |
| 2016 | 25.63% | 368.98% | 0.06x | 1.24x | GBX237.14 Million |
| 2017 | 5.62% | 81.45% | 0.06x | 1.20x | GBX-69.15 Million |
| 2018 | 10.01% | 132.97% | 0.06x | 1.37x | GBX110.00K |
| 2019 | 6.93% | 91.90% | 0.06x | 1.35x | GBX-60.90 Million |
| 2020 | 3.61% | 44.67% | 0.06x | 1.37x | GBX-127.70 Million |
| 2021 | -13.71% | -165.64% | 0.05x | 1.51x | GBX-407.65 Million |
| 2022 | 6.88% | 93.23% | 0.05x | 1.40x | GBX-56.06 Million |
| 2023 | -2.11% | -21.70% | 0.06x | 1.59x | GBX-216.57 Million |
| 2024 | -12.43% | -104.45% | 0.07x | 1.63x | GBX-347.39 Million |
| 2025 | 0.36% | 2.92% | 0.07x | 1.64x | GBX-144.82 Million |
Industry Comparison
This section compares Workspace Group PLC's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,601,709,750
- Average return on equity (ROE) among peers: 6.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Workspace Group PLC (WKP) | GBX1.40 Billion | 2.28% | 0.68x | $8.05 Million |
| CLS Holdings plc (CLI) | $1.12 Billion | 11.07% | 0.97x | $2.41 Million |
| Derwent London PLC (DLN) | $4.19 Billion | 7.49% | 0.20x | $25.93 Million |
| GREAT PORTLAND ESTATES PLC (GPE) | $798.90 Million | 4.36% | 0.75x | $15.98 Million |
| Regional REIT Ltd (RGL) | $291.74 Million | 4.60% | 0.83x | $1.79 Million |
About Workspace Group PLC
Workspace Group Plc is London's leading owner and operator of flexible workspace, currently managing 3.8 million sq. ft. of sustainable space at 57 locations in London and the Southeast. The firm is home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Their purpose, to give businesses the freedom to grow, is based on the belief that in the right s… Read more