WH Smith PLC (SMWH) - Net Assets
Based on the latest financial reports, WH Smith PLC (SMWH) has net assets worth GBX195.00 Million GBX (≈ $23.73K USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.46 Billion ≈ $177.64K USD) and total liabilities (GBX1.26 Billion ≈ $153.91K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of WH Smith PLC to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX195.00 Million |
| % of Total Assets | 13.36% |
| Annual Growth Rate | -4.42% |
| 5-Year Change | 36.36% |
| 10-Year Change | 16.07% |
| Growth Volatility | 34.71 |
WH Smith PLC - Net Assets Trend (2000–2025)
This chart illustrates how WH Smith PLC's net assets have evolved over time, based on quarterly financial data. Also explore total assets of WH Smith PLC for the complete picture of this company's asset base.
Annual Net Assets for WH Smith PLC (2000–2025)
The table below shows the annual net assets of WH Smith PLC from 2000 to 2025. For live valuation and market cap data, see market value of WH Smith PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | GBX195.00 Million ≈ $23.73K |
-56.28% |
| 2024-08-31 | GBX446.00 Million ≈ $54.27K |
+31.18% |
| 2023-08-31 | GBX340.00 Million ≈ $41.37K |
+25.46% |
| 2022-08-31 | GBX271.00 Million ≈ $32.97K |
+89.51% |
| 2021-08-31 | GBX143.00 Million ≈ $17.40K |
-37.00% |
| 2020-08-31 | GBX227.00 Million ≈ $27.62K |
-4.22% |
| 2019-08-31 | GBX237.00 Million ≈ $28.84K |
+11.79% |
| 2018-08-31 | GBX212.00 Million ≈ $25.79K |
+13.37% |
| 2017-08-31 | GBX187.00 Million ≈ $22.75K |
+11.31% |
| 2016-08-31 | GBX168.00 Million ≈ $20.44K |
+14.29% |
| 2015-08-31 | GBX147.00 Million ≈ $17.89K |
+45.54% |
| 2014-08-31 | GBX101.00 Million ≈ $12.29K |
-0.98% |
| 2013-08-31 | GBX102.00 Million ≈ $12.41K |
-31.54% |
| 2012-08-31 | GBX149.00 Million ≈ $18.13K |
-4.49% |
| 2011-08-31 | GBX156.00 Million ≈ $18.98K |
-16.13% |
| 2010-08-31 | GBX186.00 Million ≈ $22.63K |
-1.06% |
| 2009-08-31 | GBX188.00 Million ≈ $22.87K |
+16.77% |
| 2008-08-31 | GBX161.00 Million ≈ $19.59K |
-29.07% |
| 2007-08-31 | GBX227.00 Million ≈ $27.62K |
+35.12% |
| 2006-08-31 | GBX168.00 Million ≈ $20.44K |
+60.00% |
| 2005-08-31 | GBX105.00 Million ≈ $12.78K |
-58.98% |
| 2004-08-31 | GBX256.00 Million ≈ $31.15K |
-41.15% |
| 2003-08-31 | GBX435.00 Million ≈ $52.93K |
-29.15% |
| 2002-08-31 | GBX614.00 Million ≈ $74.71K |
-2.69% |
| 2001-08-31 | GBX631.00 Million ≈ $76.77K |
+4.47% |
| 2000-08-31 | GBX604.00 Million ≈ $73.49K |
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Equity Component Analysis
This analysis shows how different components contribute to WH Smith PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 67.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX69.00 Million | 43.67% |
| Common Stock | GBX28.00 Million | 17.72% |
| Other Comprehensive Income | GBX-1.00 Million | -0.63% |
| Other Components | GBX62.00 Million | 39.24% |
| Total Equity | GBX158.00 Million | 100.00% |
WH Smith PLC Competitors by Market Cap
The table below lists competitors of WH Smith PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Theriva Biologics Inc.
NYSE MKT:TOVX
|
$7.83 Million |
|
Forum Energy Metals Corp
V:FMC
|
$7.83 Million |
|
Widad Group Bhd
KLSE:0162
|
$7.84 Million |
|
Durango Resources Inc.
V:DGO
|
$7.84 Million |
|
Renoworks Software Inc
V:RW
|
$7.82 Million |
|
Ajooni Biotech Limited
NSE:AJOONI
|
$7.82 Million |
|
Intertainment AG
XETRA:ITN
|
$7.82 Million |
|
Kibo Energy PLC
JSE:KBO
|
$7.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WH Smith PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 416,000,000 to 158,000,000, a change of -258,000,000 (-62.0%).
- Net loss of 144,000,000 reduced equity.
- Dividend payments of 43,000,000 reduced retained earnings.
- Share repurchases of 50,000,000 reduced equity.
- Other comprehensive income decreased equity by 1,000,000.
- Other factors decreased equity by 20,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-144.00 Million | -91.14% |
| Dividends Paid | GBX43.00 Million | -27.22% |
| Share Repurchases | GBX50.00 Million | -31.65% |
| Other Comprehensive Income | GBX-1.00 Million | -0.63% |
| Other Changes | GBX-20.00 Million | -12.66% |
| Total Change | GBX- | -62.02% |
Book Value vs Market Value Analysis
This analysis compares WH Smith PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 414.76x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 139.15x to 414.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-08-31 | GBX3.71 | GBX516.00 | x |
| 2001-08-31 | GBX3.86 | GBX516.00 | x |
| 2002-08-31 | GBX3.77 | GBX516.00 | x |
| 2003-08-31 | GBX2.67 | GBX516.00 | x |
| 2004-08-31 | GBX1.58 | GBX516.00 | x |
| 2005-08-31 | GBX0.65 | GBX516.00 | x |
| 2006-08-31 | GBX1.05 | GBX516.00 | x |
| 2007-08-31 | GBX1.39 | GBX516.00 | x |
| 2008-08-31 | GBX0.96 | GBX516.00 | x |
| 2009-08-31 | GBX1.21 | GBX516.00 | x |
| 2010-08-31 | GBX1.23 | GBX516.00 | x |
| 2011-08-31 | GBX1.10 | GBX516.00 | x |
| 2012-08-31 | GBX1.11 | GBX516.00 | x |
| 2013-08-31 | GBX0.80 | GBX516.00 | x |
| 2014-08-31 | GBX0.83 | GBX516.00 | x |
| 2015-08-31 | GBX1.25 | GBX516.00 | x |
| 2016-08-31 | GBX1.46 | GBX516.00 | x |
| 2017-08-31 | GBX1.67 | GBX516.00 | x |
| 2018-08-31 | GBX1.93 | GBX516.00 | x |
| 2019-08-31 | GBX2.16 | GBX516.00 | x |
| 2020-08-31 | GBX1.85 | GBX516.00 | x |
| 2021-08-31 | GBX1.02 | GBX516.00 | x |
| 2022-08-31 | GBX1.93 | GBX516.00 | x |
| 2023-08-31 | GBX2.10 | GBX516.00 | x |
| 2024-08-31 | GBX3.18 | GBX516.00 | x |
| 2025-08-31 | GBX1.24 | GBX516.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WH Smith PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -91.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.27%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 9.24x
- Recent ROE (-91.14%) is below the historical average (25.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 20.95% | 1.55% | 2.63x | 5.16x | GBX11.50 Million |
| 2006 | 19.05% | 2.39% | 2.55x | 3.13x | GBX15.20 Million |
| 2007 | 26.43% | 4.62% | 2.51x | 2.28x | GBX37.30 Million |
| 2008 | 36.65% | 4.36% | 2.77x | 3.03x | GBX42.90 Million |
| 2009 | 33.51% | 4.70% | 2.71x | 2.63x | GBX44.20 Million |
| 2010 | 37.10% | 5.26% | 2.56x | 2.76x | GBX50.40 Million |
| 2011 | 46.79% | 5.73% | 2.67x | 3.06x | GBX57.40 Million |
| 2012 | 53.69% | 6.44% | 2.66x | 3.13x | GBX65.10 Million |
| 2013 | 85.29% | 7.34% | 2.56x | 4.54x | GBX76.80 Million |
| 2014 | 91.09% | 7.92% | 2.54x | 4.52x | GBX81.90 Million |
| 2015 | 68.71% | 8.57% | 2.58x | 3.10x | GBX86.30 Million |
| 2016 | 64.29% | 8.91% | 2.58x | 2.80x | GBX91.20 Million |
| 2017 | 62.03% | 9.40% | 2.53x | 2.61x | GBX97.30 Million |
| 2018 | 50.94% | 8.56% | 2.39x | 2.49x | GBX86.80 Million |
| 2019 | 45.11% | 7.59% | 1.87x | 3.17x | GBX82.50 Million |
| 2020 | -107.66% | -23.41% | 0.71x | 6.52x | GBX-261.20 Million |
| 2021 | -61.65% | -9.26% | 0.66x | 10.15x | GBX-95.30 Million |
| 2022 | 18.43% | 3.36% | 0.83x | 6.64x | GBX21.50 Million |
| 2023 | 28.52% | 4.41% | 1.09x | 5.96x | GBX51.30 Million |
| 2024 | 16.11% | 3.49% | 1.03x | 4.49x | GBX25.40 Million |
| 2025 | -91.14% | -9.27% | 1.06x | 9.24x | GBX-159.80 Million |
Industry Comparison
This section compares WH Smith PLC's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $441,275,124
- Average return on equity (ROE) among peers: 49.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WH Smith PLC (SMWH) | GBX195.00 Million | 20.95% | 6.49x | $7.83 Million |
| Angling Direct PLC (ANG) | $37.29 Million | 1.45% | 0.56x | $435.30K |
| Ao World (AO) | $40.50 Million | -16.30% | 4.01x | $5.99 Million |
| Card Factory PLC (CARD) | $282.90 Million | 11.74% | 0.78x | $2.84 Million |
| Currys PLC (CURY) | $2.07 Billion | 7.96% | 1.56x | $16.12 Million |
| DFS Furniture PLC (DFS) | $229.00 Million | -1.92% | 3.57x | $3.50 Million |
| Dunelm Group PLC (DNLM) | $99.60 Million | 102.71% | 2.48x | $18.52 Million |
| Frasers Group PLC (FRAS) | $1.21 Billion | -6.85% | 2.13x | $34.20 Million |
| Halfords Group PLC (HFD) | $409.30 Million | 10.24% | 0.78x | $3.95 Million |
| IG Design Group plc (IGR) | $28.74 Million | 30.38% | 1.85x | $805.94K |
| musicMagpie PLC (MMAG) | $2.42 Million | 354.13% | 10.73x | $8.10K |
About WH Smith PLC
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 fo… Read more