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THG
(LSE:THG)
THG (THG) vs. S&P 500 (SPY)
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 | EBIT |
| -147.90M | -185.39M | -174.81M | -10.23M | -308.91M | EBITDA |
| -48.64M | 42.42M | -289.44M | 32.07M | -376.33M | Net Income Common Stockholders |
| -326.14M | -248.37M | -539.96M | -138.07M | -532.63M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 309.35M | 416.16M | 473.78M | 536.83M | 773.58M | Total Assets |
| 2.55B | 2.78B | 3.09B | 3.42B | 2.45B | Total Debt |
| 645.94M | 995.01M | 1.01B | 839.04M | 762.34M | Net Debt |
| 337.31M | 578.85M | 539.78M | 302.21M | -11.24M | 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 | £321.90M | 6.67 | 14.43% | 6.20% | 7.75% | -21.78% | |
63 Neutral | £547.31M | 20.91 | 20.28% | ― | -0.39% | 2.68% | |
63 Neutral | £777.69M | ― | 890.75% | 0.43% | 5.32% | -152.26% | |
61 Neutral | $6.93B | 11.84 | 2.89% | 3.91% | 2.59% | -21.68% | |
49 Neutral | £409.04M | ― | -27.20% | ― | -14.37% | -28.78% | |
49 Neutral | £349.50M | ― | -62.59% | ― | -15.86% | -18.46% | |
48 Neutral | £274.83M | ― | -96.36% | ― | -16.32% | -202.39% |
THG Corporate Events
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.
THG PLC has successfully raised £90 million through an oversubscribed equity placing, with significant contributions from new investors and existing shareholders, including a £60 million investment from Matthew Moulding. This fundraise will be used to reduce the company’s debt, specifically by repaying the Term Loan A and downsizing the TLB. The move follows the Ingenuity demerger and inclusion in the FTSE 250, marking a significant step in THG’s strategy to simplify its debt and equity structure, enhancing its position as a cash-generative entity poised for further growth in consumer markets.
THG PLC is set to be included in the FTSE 250 Index following its transfer to the equity shares category in January 2025, with the inclusion expected to be effective around 21 March 2025. This development is seen as a significant step in enhancing the company’s visibility and supporting its strategic goals, particularly following the demerger of THG Ingenuity. The inclusion is anticipated to bolster THG’s position in the global beauty, health, and wellness market, reflecting its ongoing progress in strategic priorities.
THG PLC has announced its total voting rights in accordance with the FCA’s Disclosure Guidance and Transparency Rules. As of February 28, 2025, the company’s issued share capital consists of various classes of shares, with only the ordinary shares being voting shares, totaling 1,322,131,978 voting rights. This information is crucial for shareholders to determine their interest in the company under the relevant disclosure rules.
THG PLC has announced its total voting rights as of 28 February 2025, in compliance with the FCA’s Disclosure Guidance and Transparency Rules. The company’s issued share capital consists of various classes of shares, but only the ordinary shares carry voting rights, totaling 1,322,131,978 votes. This information is crucial for shareholders to determine their interests and obligations under the transparency rules.