Obermatt

Flags

Financial distress

THG Holdings

LSE:THG · GB00BMTV7393
Multiline RetailMedium

360

66
Profit price67
Owner Earnings Yield94
Dividend Yield1
Price/Sales86
EV / Gross Profit77
Price/Book69
Return on Capital14
Cash Return on Capital85
Return on Equity10
EBIT Margin15
Gross Profitability60
Cash Conversion7
Accruals35
Owner Earnings Margin70
Sales growth47
Profit growth4
Reinvestment45
Price momentum95
Debt load21
Refinancing8
Debt Payback56
Liquidity10
Analyst ratings48
Opinion Changes50
Price Target Upside94
Market mood3
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

THG Holdings clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUK
IndustryMultiline Retail
SizeMedium
TypePublic Company
ExchangeLSE
Founded2008
Employees2,108
Websitethg.com
ISINGB00BMTV7393
Last UpdateApr 2, 2026
Themes
NutraceuticalLifestyleFast-Moving Consumer GoodsBeautyE-CommerceFashionRetail

Description

THG PLC operates as an innovative digital commerce and technology company that specializes in the beauty, nutrition, and wellness industries. With a robust e-commerce platform, the company has positioned itself prominently within these sectors, offer…

Analysis

Bargain bin

THG Plc falls in the bargain bin: the price is low relative to peers, but the business metrics give reason to pause.

The price is attractive. You pay 4.2× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is stretched. The company scores 12/20 on our value-creation score: creating some value. Analysts lean positive.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
17
2023202420252026

All-time high

68

Jan 2024

All-time low

1

Mar 2026

Average rank

25

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
86
63
35
47
Price/Earnings
97
60
60
6
Price/Book
69
75
62
71
Dividend Yield
1
1
1
1
Value (overall)
81
46
32
29

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →