Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
WH Smith plc is a British public limited company specializing in travel retail, operating a chain of convenience stores in railway stations, airports, ports, hospitals, and motorway service areas across the United Kingdom and internationally. Its primary function is to provide travelers with essential products including books, magazines, newspapers, stationery, entertainment items, confectionery, and convenience goods. The company, incorporated in 2004 and headquartered in Swindon, Wiltshire, has strategically focused on this high-traffic segment following the 2025 divestiture of its UK high-street operations to Modella Capital, which were rebranded as TGJones. WH Smith plc maintains a global presence with outlets in North America, Australia, Ireland, Spain, and other regions, bolstered by acquisitions like InMotion in the US for airport electronics retail. As a FTSE 250 constituent listed on the London Stock Exchange, it plays a key role in the travel retail market, emphasizing convenience and diverse product offerings for on-the-go consumers in transportation and healthcare hubs.
£4.14
£0.01 (-0.34%)
EOD Jul 3, 2026
Operating margin is thin at 9.34%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 5.4%, steady but not accelerating.
Net debt of £874M represents 4.5x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£1.55B
▲ +5.4% YoY
Net Income (TTM)
-£137M
▼ -328.3% YoY
Op. Margin
9.34%
▼ -0.9pp YoY
ROIC
5.56%
▼ -1.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£195M
▲ +21.9% YoY
Op. Cash Flow (TTM)
£272M
▲ +5.8% YoY
Net Debt
£874M
Cash & Equiv.
£71M
3Y CAGR: +3.5%
3Y CAGR: +23.3%
Continue Research
WH Smith (SMWH.XLON) trades below a two-stage DCF intrinsic value of about £70.62 per share, so at £4.14 the stock looks undervalued (1,607.5% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, WH Smith scores 61/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 8.2%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £70.62 per share for SMWH.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £52.97. At today's £4.14, that puts the stock about 1,607.5% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
WH Smith scores 61 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 9.3% operating margin and a 5.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, WH Smith pays a regular dividend of about £0.34 per share per year (typically in quarterly installments), a yield of roughly 8.2% at the current price. WH Smith has grown the dividend at roughly 39.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For SMWH.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. SMWH.XLON currently trades below its estimated intrinsic value and scores 61/100 on quality (solid). It also yields about 8.2%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.