WH Smith Future Growth

Future criteria checks 5/6

WH Smith is forecast to grow earnings and revenue by 23.5% and 5.7% per annum respectively. EPS is expected to grow by 24.5% per annum. Return on equity is forecast to be 26.7% in 3 years.

Key information

23.5%

Earnings growth rate

24.5%

EPS growth rate

Specialty Retail earnings growth	35.8%
Revenue growth rate	5.7%
Future return on equity	26.7%
Analyst coverage	Good
Last updated	25 Sep 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:21Q - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
8/31/2027	2,283	N/A	N/A	N/A	2
8/31/2026	2,180	138	102	370	10
8/31/2025	2,059	128	85	348	11
8/31/2024	1,931	115	46	307	11
2/29/2024	1,860	64	135	262	N/A
11/30/2023	1,827	72	132	257	N/A
8/31/2023	1,793	79	129	251	N/A
5/31/2023	1,722	73	110	223	N/A
2/28/2023	1,651	67	90	195	N/A
11/30/2022	1,526	57	97	191	N/A
8/31/2022	1,400	47	104	187	N/A
5/31/2022	1,237	6	80	152	N/A
2/28/2022	1,074	-35	56	116	N/A
11/30/2021	980	-58	56	108	N/A
8/31/2021	886	-82	56	100	N/A
5/31/2021	790	-201	16	68	N/A
2/28/2021	694	-321	-25	35	N/A
11/30/2020	858	-280	-11	58	N/A
8/31/2020	1,021	-239	2	81	N/A
5/31/2020	1,235	-68	54	128	N/A
2/29/2020	1,449	102	105	174	N/A
11/30/2019	1,423	104	98	162	N/A
8/31/2019	1,397	106	90	149	N/A
5/31/2019	1,356	99	80	139	N/A
2/28/2019	1,314	92	70	128	N/A
11/30/2018	1,288	100	80	136	N/A
8/31/2018	1,262	108	90	143	N/A
5/31/2018	1,248	111	93	145	N/A
2/28/2018	1,234	114	95	146	N/A
11/30/2017	1,234	115	N/A	147	N/A
8/31/2017	1,234	116	N/A	148	N/A
5/31/2017	1,228	114	N/A	141	N/A
2/28/2017	1,222	111	N/A	134	N/A
11/30/2016	1,217	110	N/A	134	N/A
8/31/2016	1,212	108	N/A	134	N/A
5/31/2016	1,206	108	N/A	135	N/A
2/29/2016	1,200	107	N/A	135	N/A
11/30/2015	1,189	104	N/A	140	N/A
8/31/2015	1,178	101	N/A	144	N/A
5/31/2015	1,169	99	N/A	135	N/A
2/28/2015	1,159	96	N/A	125	N/A
11/30/2014	1,160	94	N/A	121	N/A
8/31/2014	1,161	92	N/A	116	N/A
5/31/2014	1,161	89	N/A	113	N/A
2/28/2014	1,161	85	N/A	109	N/A
11/30/2013	1,174	83	N/A	114	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 21Q's forecast earnings growth (23.5% per year) is above the savings rate (0.8%).

Earnings vs Market: 21Q's earnings (23.5% per year) are forecast to grow faster than the German market (20% per year).

High Growth Earnings: 21Q's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 21Q's revenue (5.7% per year) is forecast to grow faster than the German market (5.5% per year).

High Growth Revenue: 21Q's revenue (5.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 21Q's Return on Equity is forecast to be high in 3 years time (26.7%)

WH Smith Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Recent updates

WH Smith PLC (LSE:SMWH) announces an Equity Buyback for £25 million worth of its shares.

Upcoming dividend of UK£0.11 per share

WH Smith PLC Announces Board and Audit Committee Changes

First half dividend of UK£0.11 announced

WH Smith PLC Declares an Interim Dividend in Respect of the Period Ending 29 February 2024, Payable on 1 August 2024

First half 2024 earnings released: EPS: UK£0.13 (vs UK£0.25 in 1H 2023)

WH Smith PLC Announces CFO Changes

WH Smith Announces Board Changes

Full year 2023 earnings released: EPS: UK£0.61 (vs UK£0.36 in FY 2022)

Full year 2023 earnings released: EPS: UK£0.61 (vs UK£0.36 in FY 2022)

Now 21% undervalued after recent price drop

WH Smith PLC, Annual General Meeting, Jan 26, 2024

WH Smith PLC Announces Board Changes

WH Smith PLC to Report Fiscal Year 2023 Results on Nov 09, 2023

Upcoming dividend of UK£0.081 per share at 1.1% yield

WH Smith PLC Appoints Colette Burke as Non-Executive Director, Effective July 1, 2023

First half 2023 earnings released: EPS: UK£0.25 (vs UK£0.092 in 1H 2022)

Less than half of directors are independent

WH Smith PLC to Report First Half, 2023 Results on Apr 20, 2023

WH Smith PLC Announces Not Stand for Re-Election of Maurice Thompson, Non-Executive Director

Upcoming dividend of UK£0.091 per share

Full year 2022 earnings released: EPS: UK£0.36 (vs UK£0.63 loss in FY 2021)

Less than half of directors are independent

WH Smith PLC Proposes Final Dividend, Payable on 26 January 2023

Full year 2022 earnings released: EPS: UK£0.36 (vs UK£0.63 loss in FY 2021)

WH Smith PLC to Report Q4, 2022 Results on Nov 10, 2022

WH Smith PLC Announces Board Changes

First half 2022 earnings released

Less than half of directors are independent

WH Smith PLC Appoints Marion Sears as Non-Executive Director and Chair of the Remuneration Committee

Group Chief Executive & Director recently sold €171k worth of stock

Full year 2021 earnings released: UK£0.63 loss per share (vs UK£1.99 loss in FY 2020)

High number of new directors

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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