WeWork Investor Day Presentation Deck
Public peer valuation benchmarking
TEV / 2022E Revenue
2.1x
wework
7.3x
2.5x
TEV / 2023E EBITDA
wework
FirstService
Create slapatate
23.8x
Median: 1.3x
1.5x
ING
International
Workplace
11.4 x
1.1x
Median: 9.4x
FirstService CBRE
Creatm
CBRE
7.4x
0.7x
CUSHMAN &
WAKEFIELD
7.4x
CUSHMAN & IMG
WAKEFIELD
International.
Workplace
Group
Source: Company filings, Wall Street Research, Capital IQ. Market data as of 10/1/2021.
Note: "NM" reflects multiples above 100x.
Median: 11.3x
11.7x 11.3x
&
Hilton Marriott IHG RESORTS
Real Estate Services
Median: 15.5x
17.3x 15.8x
8.1x
14.5x
Hilton Marriott IHG HOTELS &
RESORTS
Lodging Operators
15.9x
airbnb A
90.9x
5.9x
Real Estate Technology
Median: 3.6x
3.6x 3.6x
Porch Sonder
Group
SOHO HOUSE
Median: 74.2x
79.7x
68.7x
lii
Sonder INSPIRATO Opendoor airbnb
54.6x
3.0 x
INSPIRATO Opendoor
19.7x
1.2x
SOHO HOUSE
NM
Porch
Group
44 | wework
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