WH Smith PLC risk profile
46 Elevated one input has moved against it
Measured 1 September 2026 from SMWH's filed statements. Recomputed nightly.
46 (Elevated), driven by Leverage and coverage at 68, over 5 weighted categories on the MANUFACTURER profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 63 | Stretched | Stable | Drawdown from the 52-week high — 41.9% |
| Operating pressure | 42 | Elevated | Worsening | Costs outgrowing revenue — +1.1 percentage points |
| Cash conversion | 25 | Normal | Worsening | Capital spending against operating cash — 0.29x |
| Leverage and coverage | 68 | Stretched | Worsening | Net debt to EBITDA — 4.80x |
| Competitive position | 44 | Elevated | Stable | Operating-margin gap against peers — +3.9 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.