Added to YB: 2026-07-17
Pitch date: 2026-07-15
SMWH.L [neutral]
WH Smith PLC
+0.59%
current return
Author Info
No bio for this author
Company Info
WH Smith PLC operates as a travel retailer in the United Kingdom, North America, Australia, Ireland, Spain, and internationally.
Market Cap
GBP 496.3M
Pitch Price
GBP 4.08
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.91
P/E
-10.19
EV/Sales
0.97
Sector
Specialty Retail
Category
turnaround
WHSmith (LON:SMWH): Down 64% in a Year. Too Cheap to Ignore?
SMWH.L (watchlist): Down 64% YoY to 396p after pivot to pure-play travel retail. Bear: £30m NA accounting scandal, FCA probe, CEO exit, dividend cut, 2 profit warnings, £150m impairment, dilutive £104m raise. Net debt £496m (2.9x EBITDA), £1,010m incl leases vs £600m mkt cap; H1 EPS -0.8p. Bull: NA Travel Essentials +22%, turnaround chief Quinn, insider buys at 410p. Watch summer trading, deleveraging to £420m. No reliable multiple—balance-sheet story, watch don't buy.
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