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WH Smith PLC SMWH.L

GB · London Stock Exchange · XLON · stock · Consumer Cyclical · website

WH Smith PLC statistics & valuation

Market cap£622.5M
P / S0.4×
P / B3.9×
P / FCF3.2×
Dividend yield6.91%
Net margin-9.3%
Return on equity-91.1%
FCF margin12.6%
Net debt£874.0M
Enterprise value USD$2.0B
Earnings yield EBIT/EV9.7%
Return on capital24.6%

Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
3.40% 4.40% 3.70% -9.30% 2022202320242025
Gross margin (%)
61.60% 62.00% 57.80% 57.20% 2022202320242025
Operating margin (%)
8.30% 10.00% 10.30% 9.30% 2022202320242025
Return on equity (%)
15.90% 25.50% 13.60% -91.10% 2022202320242025
Shares outstanding
150.5M 150.5M 150.5M 150.5M 2022202320242025
Net debt (£)
£869.0M £895.0M £997.0M £874.0M 2022202320242025
Share buybacks (£)
£7.0M £0 £50.0M 2022202320242025
Return on assets (%)
2.80% 4.80% 2.90% -9.90% 2022202320242025
Free cash flow margin (%)
7.40% 7.20% 10.90% 12.60% 2022202320242025
Debt / equity (×)
3.39× 3.07× 2.66× 5.98× 2022202320242025
EPS (£)
£0.36 £0.60 £0.51 -£1.13 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin57.2%57.8%62.0%61.6%
Operating margin9.3%10.3%10.0%8.3%
Net margin-9.3%3.7%4.4%3.4%
FCF margin12.6%10.9%7.2%7.4%
Return on assets-9.9%2.9%4.8%2.8%
Return on equity-91.1%13.6%25.5%15.9%
Debt / equity0.00×0.78×0.97×1.37×
Current ratio0.390.790.660.81

Computed from company filings · GB · as of 2025-08-31. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.