They have customers who cost them money on an incremental basis. More customers, less money. They don't deserve to be valued any differently than like Regus, approximately 8X their annual profits or 1X their annual revenue. In this space, net margins are approximately 15%.
That values WeWork somewhere between -15.2B and 1.8B based on their 2018 performance data.
Measured against their competitors, they're still about 5X over-valued.
That values WeWork somewhere between -15.2B and 1.8B based on their 2018 performance data.
Measured against their competitors, they're still about 5X over-valued.