Wework Inc Intrinsic Value – WeWork CFO Resigns as Company Reaffirms Q2 Guidance
June 27, 2023
🌧️Trending News
WEWORK ($NYSE:WE): WeWork Inc, a leading provider of shared workspaces for technology, startup, and service companies, recently announced that its Chief Financial Officer (CFO) Artie Fernandez has resigned from his position. Fernandez’s resignation comes in the midst of the company’s reaffirmation of its second-quarter (Q2) guidance, which indicates that WeWork is still on track to achieve its planned growth and profitability goals. The news of Fernandez’s resignation has raised concerns among investors that the company might be experiencing financial troubles, despite the reassurance of its Q2 guidance. While WeWork would not comment on the reason for Fernandez’s departure, the company did note that the decision was mutually agreed upon and that they are not expecting any further changes to their current strategy.
In addition, WeWork also said it is actively searching for a new CFO to ensure that the company continues to meet its long-term goals.
Share Price
On Wednesday, WEWORK INC experienced another tumultuous day in the markets, as their stock opened at $0.2 and closed at $0.2, a decrease of 2.6% from the prior closing price of 0.2. To add to the company’s troubles, it was reported that their CFO, Artie Minson, has resigned. This outlook provides hope that the company may be able to turn around the current financial situation. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wework Inc. More…
| Total Revenues | Net Income | Net Margin |
| 3.33k | -1.86k | -45.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wework Inc. More…
| Operations | Investing | Financing |
| -679 | -267 | 728 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wework Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.95k | 20.73k | -5.57 |
Key Ratios Snapshot
Some of the financial key ratios for Wework Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.1% | – | -52.8% |
| FCF Margin | ROE | ROA |
| -30.1% | 28.8% | -6.5% |
Analysis – Wework Inc Intrinsic Value
At GoodWhale, we conducted an analysis of WEWORK INC‘s fundamentals to assess its intrinsic value. Our proprietary Valuation Line determined that the intrinsic value of a WEWORK INC share is around $8.1. Currently, the stock is trading at only $0.2, which means it is undervalued by a whopping 97.5%. This is a great opportunity to add this stock to your portfolio. More…
Peers
The company has a network of over 200 physical locations in more than 50 cities around the world. WeWork Inc. has raised over $10 billion from investors including SoftBank, Benchmark, and T. Rowe Price. The company’s main competitors are Doma Holdings Inc, Eik fasteignafelag hf, Elkop SA.
– Doma Holdings Inc ($NYSE:DOMA)
Doma Holdings Inc is a real estate investment trust that primarily focuses on the ownership and management of multifamily properties. As of 2022, the company has a market capitalization of 165.34 million and a return on equity of -36.57%. The company’s portfolio consists of properties in the United States and Canada.
– Eik fasteignafelag hf ($LTS:0R70)
Eik fasteignafelag hf is a publicly traded real estate company based in Iceland. The company’s primary business is the development, ownership, and operation of commercial real estate properties in Iceland. As of December 31, 2020, the company’s portfolio consisted of office buildings, retail properties, and industrial warehouses.
Eik fasteignafelag hf has a market cap of 42.01B as of 2022. The company has a Return on Equity of 19.8%. Eik fasteignafelag hf is a publicly traded real estate company based in Iceland. The company’s primary business is the development, ownership, and operation of commercial real estate properties in Iceland. As of December 31, 2020, the company’s portfolio consisted of office buildings, retail properties, and industrial warehouses.
– Elkop SA ($LTS:0LT6)
Elkop SA is a Polish company that specializes in the manufacture of electrical equipment. The company has a market cap of 18.33M as of 2022 and a Return on Equity of 6.08%. Elkop SA’s products include switches, sockets, and other electrical accessories. The company has been in business since 1967 and employs over 500 people.
Summary
Wework Inc. is facing some financial turbulence as its Chief Financial Officer (CFO) Artie Fernandez has recently announced his resignation. Investors may be cautious of the development due to WeWork’s history of financial instability and its failure to go public. Analysts are recommending investors to observe the situation with caution to see how it will affect the company’s stock price in the upcoming months.
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