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THG
(LSE:THG)
THG (THG) vs. iShares MSCI United Kingdom ETF (EWC)
THG Business Overview & Revenue Model
THG Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.75B | 2.05B | 2.24B | 2.18B | 1.61B |
| Gross Profit | 693.60M | 840.29M | 771.00M | 855.37M | 655.91M |
| EBITDA | -48.64M | 42.42M | -289.44M | 32.07M | -376.33M |
| Net Income | -326.14M | -248.37M | -539.96M | -138.07M | -532.63M |
Balance Sheet | |||||
| Total Assets | 2.55B | 2.78B | 3.09B | 3.42B | 2.45B |
| Cash, Cash Equivalents and Short-Term Investments | 309.35M | 416.16M | 473.78M | 536.83M | 773.58M |
| Total Debt | 645.94M | 995.01M | 1.01B | 839.04M | 762.34M |
| Total Liabilities | 2.24B | 1.76B | 1.79B | 1.67B | 1.30B |
| Stockholders Equity | 305.83M | 1.02B | 1.30B | 1.76B | 1.14B |
Cash Flow | |||||
| Free Cash Flow | 28.99M | 16.15M | -164.27M | -190.88M | -198.98M |
| Operating Cash Flow | 60.70M | 141.81M | 12.15M | -1.71M | 40.39M |
| Investing Cash Flow | -92.11M | -77.14M | -182.11M | -959.06M | -351.32M |
| Financing Cash Flow | -22.91M | -122.29M | 106.92M | 724.01M | 772.28M |
THG Technical Analysis
THG Risk Analysis
THG Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £315.03M | 6.60 | 14.43% | 5.84% | 7.75% | -21.78% | |
64 Neutral | £804.13M | ― | 890.75% | 0.39% | 5.32% | -152.26% | |
63 Neutral | £538.20M | 52.13 | 6.87% | ― | -0.39% | 2.68% | |
62 Neutral | $16.34B | 11.01 | -5.97% | 3.14% | 1.65% | -24.92% | |
58 Neutral | £489.25M | ― | -27.20% | ― | -14.37% | -28.78% | |
56 Neutral | £362.82M | ― | -62.59% | ― | -15.86% | -18.46% | |
48 Neutral | £275.47M | ― | -96.36% | ― | -16.32% | -202.39% |
THG Corporate Events
THG PLC, a company operating in the e-commerce and technology sector, announced the successful passage of all resolutions at its recent Annual General Meeting. The resolutions, which included both ordinary and special resolutions, were approved by the required majorities, indicating strong shareholder support. This outcome reflects positively on THG’s governance and strategic direction, potentially reinforcing its market position and stakeholder confidence.
The most recent analyst rating on (GB:THG) stock is a Sell with a £0.49 price target. To see the full list of analyst forecasts on THG stock, see the GB:THG Stock Forecast page.
THG PLC has reported a return to revenue growth in the second quarter of 2025, maintaining its full-year guidance. The Beauty division showed improvement, with a smaller revenue decline compared to the first quarter, driven by strong performance in the UK. The Nutrition segment experienced significant growth, with Myprotein expanding its offline presence globally, including notable retail partnerships in the US, Europe, and Asia. This expansion is expected to boost brand awareness and sales, despite challenges such as elevated milk and whey prices.
The most recent analyst rating on (GB:THG) stock is a Sell with a £0.45 price target. To see the full list of analyst forecasts on THG stock, see the GB:THG Stock Forecast page.
THG PLC, a UK-based company, has announced a change in its major holdings as Frasers Group Plc has increased its voting rights in the company. The acquisition has resulted in Frasers Group holding 12.61% of the voting rights, up from 11.07%, indicating a strategic move by Frasers Group to strengthen its influence within THG. This change in holdings could have implications for THG’s governance and strategic direction, reflecting Frasers Group’s growing interest and potential influence in the company’s future operations.
The most recent analyst rating on (GB:THG) stock is a Buy with a £75.00 price target. To see the full list of analyst forecasts on THG stock, see the GB:THG Stock Forecast page.
THG PLC has announced the publication of its Notice of Annual General Meeting (AGM) and associated Form of Proxy, which have been distributed to shareholders. The AGM is scheduled to take place on June 25, 2025, at THG Studios, with details on participation and resolutions available in the notice. This announcement ensures transparency and shareholder engagement, reinforcing THG’s commitment to corporate governance.
The most recent analyst rating on (GB:THG) stock is a Sell with a £0.49 price target. To see the full list of analyst forecasts on THG stock, see the GB:THG Stock Forecast page.
THG PLC has released its Annual Report & Accounts for the financial year ending December 31, 2024. The report is now available on the company’s website and will soon be distributed to shareholders. Additionally, the report has been submitted to the National Storage Mechanism for public inspection. The company’s Annual General Meeting is scheduled for June 25, 2025, at THG Studios in Altrincham. This release marks a significant step in THG’s corporate governance and transparency efforts, providing stakeholders with comprehensive insights into the company’s financial performance and strategic direction.
THG PLC reported its preliminary FY 2024 results, highlighting a transformative year marked by strategic progress, operational resilience, and balance sheet deleveraging. The company completed the demerger of its technology division, THG Ingenuity, and refinanced its long-term capital structure. Despite a slight decline in overall revenue, THG Beauty showed strong growth, while THG Nutrition faced challenges due to high whey commodity prices but returned to growth in early 2025. The company remains focused on sustainable growth and cash generation, with plans to enhance market share through strategic initiatives in both beauty and nutrition sectors.
THG PLC has rejected an unsolicited proposal from Selkirk to acquire Myprotein, citing the offer as undervaluing the brand and lacking sufficient funding details. Following a recent demerger and refinancing, THG is focused on reducing debt and executing its growth strategy, with upcoming financial results expected soon.
THG PLC has announced a change in the breakdown of its voting rights, with VG Corporate Trustee Limited now holding 3.68% of the voting rights, down from a previous 4.62%. This adjustment in voting rights could impact the company’s governance structure and influence in decision-making processes, potentially affecting stakeholders’ interests.
THG PLC, a UK-based company, has announced a change in its major holdings. Frasers Group Plc has increased its voting rights in THG PLC to 11.071980% as of April 2, 2025, up from a previous position of 10.925527%. This acquisition of voting rights signifies a strategic move by Frasers Group, potentially impacting THG’s operations and stakeholder dynamics.
THG PLC has successfully completed a debt refinancing exercise, extending the maturity of its Term Loan B and RCF to 2029, and partially repaying Term Loan A and TLB. This refinancing reduces the company’s net total leverage and aligns with its goal of achieving a neutral net cash/net debt position, highlighting its cash-generative nature. The move is expected to strengthen THG’s financial stability and support its strategic objectives, with further performance details to be released in the upcoming financial results.
The Qatar Investment Authority has been diluted in its voting rights in THG PLC from 7.197% to 6.842%, as reported in a recent notification. This change in voting rights could impact THG’s shareholder dynamics and influence within the company, reflecting a shift in investment strategy by a major stakeholder.
THG PLC announced a change in the breakdown of its voting rights, with Balderton Capital IV, L.P. crossing a threshold on March 28, 2025. The new position reflects a decrease in voting rights from 7.333069% to 6.971154%, impacting the company’s shareholder structure and potentially its decision-making process.
THG PLC announced the completion of a non-pre-emptive equity issue, raising approximately £22.13 million through the issuance of 68,527,697 new Ordinary Shares, representing about 5.18% of the existing shares. The proceeds are earmarked for a comprehensive refinancing exercise, and the allocation process adhered to pre-emption principles, with major shareholders consulted prior to the equity placing.
The Qatar Investment Authority has been diluted in its voting rights in THG PLC from 7.197% to 6.842%, as reported in a recent notification. This change in voting rights could impact THG’s shareholder dynamics and influence within the company, reflecting a shift in investment strategy by a major stakeholder.
THG PLC has announced its total voting rights as of March 31, 2025, in compliance with the FCA’s Disclosure Guidance and Transparency Rules. The company’s issued share capital includes various classes of shares, with only the ordinary shares carrying voting rights, totaling 1,390,694,730 votes. This information is crucial for shareholders to determine their notification obligations under the relevant rules.
THG PLC, a UK-based company, has announced a significant change in its shareholder structure. Frasers Group Plc, led by Michael Ashley, has increased its stake in THG PLC to 10.93% from a previous 6.10%, marking a notable acquisition of voting rights. This move could potentially impact THG’s strategic decisions and influence its market positioning, given Frasers Group’s substantial voting power.
THG PLC has successfully completed an oversubscribed equity fundraise, significantly supported by founder and CEO Matthew Moulding’s £60 million contribution. Moulding’s equity interest in the company now stands at approximately 25% on a fully diluted basis, with a substantial portion of shares being transferred to satisfy investor demand. This strategic move is expected to bolster THG’s financial position and enhance its market presence, potentially benefiting stakeholders by increasing the company’s operational capabilities and competitiveness.
THG PLC has successfully completed an oversubscribed equity fundraise, securing £90 million in gross proceeds. This includes a £22 million placing of new Ordinary Shares and a £68 million Convertible Loan. The Convertible Loan’s conversion date is deferred to December 2025, subject to shareholder approval, with potential for earlier conversion under specific conditions. This financial move is expected to enhance THG’s market positioning and operational capacity, with the board affirming the fairness and reasonableness of the Convertible Loan Agreement.