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WH Smith PLC (SMWH) Fair Value & Analysis

Consumer Cyclical · GB · Market cap 640M GBX

WS WH Smith PLC SMWH · LSE
Price£3.83
Fair Value£8.85
Upside+130.9%
Quality92/100
Evidence: High Range £8.85 – £13.69

Fair value as of: Jun 25, 2026

From 15 valuation models · updated 5 days ago

Share price −20.6% over the past month.

Price vs Fair Value (12 months)

£10.80 £3.74 Fair Value £8.85 Jul 2025 Jun 2026

12‑month range £3.74 – £10.80 · fair‑value band £8.85 – £13.69 · the £3.83 price screens below the £8.85 fair value. As of Jun 25, 2026.

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Analysis

WH Smith PLC (SMWH) currently trades at £3.83, while our model-based Fair Value estimate is £8.85 — implying the stock looks roughly 130.9% undervalued today. We read business quality at 92/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, WH Smith PLC generated revenue of £1.6B at a net margin of -7.7%. Revenue grew 4.5% year over year. It earns a return on equity of -14.8%. Net debt stands at £1.3B. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) 1.6B GBX
Revenue growth (YoY) +4.5%
Net margin -7.7%
Return on equity -14.8%
Free cash flow 199M GBX FY2025
Operating margin 3.6%
More key figures
EPS (TTM) £-0.3900
Dividend yield 1.2%
EPS growth (YoY) +6.5%
Net debt 1.3B GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

WH Smith PLC operates as a travel retailer in the United Kingdom, North America, Australia, Ireland, Spain, and internationally. It offers news, books, and convenience for travelling customers. It operates stores in airports, hospitals, railway stations, and motorway service areas. The company is also involved in International Travel Retail, UK Travel Retail, and North America. The company was formerly known as New WH Smith PLC. WH Smith PLC was founded in 1792 and is based in Swindon, the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WH Smith PLC reported revenue of £1.6B in FY2025 versus £886M in FY2021, a compound +15.1%/yr. Reported net income was −£144M in FY2025.

Revenue +15.1%/yr
FY21 £886M
FY22 £1.4B
FY23 £1.8B
FY24 £1.9B
FY25 £1.6B
Net income
FY21 −£82.0M
FY22 £47.0M
FY23 £79.0M
FY24 £67.0M
FY25 −£144M

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Similar stocks

6 more Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jun 25, 2026).

Stock Price Fair Value vs Fair Value
Alimentation Couche-Tard Inc ANCTF $57.91 $61.82 +7%
Casey's General Stores, Inc CASY $915.60 $264.78 -71%
Williams-Sonoma, Inc WSM $204.98 $115.47 -44%
Ulta Beauty, Inc U1LT34 R$120.20 R$94.67 -21%
DICK'S Sporting Goods, Inc DKS $217.60 $313.58 +44%
China Tourism Group 601888 ¥57.20 ¥40.60 -29%

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Frequently asked questions

Is WH Smith PLC (SMWH) undervalued?
As of Jun 25, 2026, our model estimates a fair value of £8.85 versus a price of £3.83 — about +131% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SMWH?
Our 21-model fair value for WH Smith PLC is £8.85 (as of Jun 25, 2026), built from audited fundamentals. The current price is £3.83.
What is the quality score of SMWH?
WH Smith PLC has a Quality Score of 92/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of WH Smith PLC (SMWH)?
WH Smith PLC reported trailing-twelve-month revenue of about £1.6B (latest available figure, as of Jun 25, 2026).
What is the net profit margin of SMWH?
The net profit margin of WH Smith PLC is about -7.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does WH Smith PLC pay a dividend?
WH Smith PLC currently shows a dividend yield of about 1.21% relative to its recent price (as of Jun 25, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.