Added to YB: 2026-06-04
Pitch date: 2026-06-02
SMWH.L [bearish]
WH Smith PLC
Author Info
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Company Info
WH Smith PLC operates as a travel retailer in the United Kingdom, North America, Australia, Ireland, Spain, and internationally.
Market Cap
GBP 639.7M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.46
P/E
-13.14
EV/Sales
1.06
Sector
Specialty Retail
Category
special_situation
Show full summary:
UK Shorts - Top 5 disclosed shorts going into June 2026: WH Smith
SMWH.L (short): UK travel retailer with active short interest. Accounting scandal (NA division overstated income ~£50m + inventory), CEO resigned, live FCA probe. Net debt £496m, H1 FCF -£61m, costly refinancing. Air travel hit by Iran war/fuel/cancellations. ~£1.1bn+ EV, 6x trailing EBITDA—not cheap given precarious balance sheet & lack of trust.
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