# THG Holdings (THG.LSE)

Canonical: https://gigainvestors.com/s/THG.LSE

Analysis as of: 2026-10-16T07:45:40.010Z. 

Listing currency: GBX. Reporting currency: GBP.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: GBX 32.00 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 86% since Dec 2021

Story as of 2026-10-16T10:01:29.517Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in internet retail; annual sales are GBP 1.7 billion.

- Source: https://filings.xbrl.org/21380066N3SV9O8IDP37/2025-12-31/ESEF/GB/0/21380066N3SV9O8IDP37-2025-12-31-T01.json (filed 2026-04-09); FY2025: revenue 1717877000; grossProfit 687998000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); THG.LSE: THG Plc operates as an online retailer in the United Kingdom, the United States, Europe, and internationally. It operates through the THG Beauty and THG Nutrition segments. The THG Beauty segment manufactures and retails skincare, haircare, cosmetics, body care, and fragrance products; also operates spa and experience venues, as well as clothing lines. This segment offers its products through websites such as Lookfantastic, Dermstore, and Cult Beauty. The THG Nutrition segment offers sports nutrition, protein powders, vegan, supplements, vitamins, drinks, ready-to-drink, and single-serve offerings, bars, snacks, and sportswear under the Myprotein, Myvegan, Myvitamins, MP Activewear, and MyPRO brands. The company was formerly known as THG Holdings plc and changed its name to THG Plc in January 2021. THG Plc was founded in 2004 and is headquartered in Altrincham, United Kingdom.

### Why customers stay

Margins ranged from 39.6% to 42.4% during 2023–25.

- Source: https://filings.xbrl.org/21380066N3SV9O8IDP37/2024-12-31/ESEF/GB/0/21380066N3SV9O8IDP37-2024-12-31-T01.json (filed 2026-04-09); FY2023: grossProfit / revenue = 42.4%.

- Source: https://filings.xbrl.org/21380066N3SV9O8IDP37/2025-12-31/ESEF/GB/0/21380066N3SV9O8IDP37-2025-12-31-T01.json (filed 2026-04-09); FY2024: grossProfit / revenue = 39.6%.

- Source: https://filings.xbrl.org/21380066N3SV9O8IDP37/2025-12-31/ESEF/GB/0/21380066N3SV9O8IDP37-2025-12-31-T01.json (filed 2026-04-09); FY2025: grossProfit / revenue = 40%.

### Where the cash goes

Paid no dividends in 5 years.

- Source: https://query2.finance.yahoo.com/ws/fundamentals-timeseries/v1/finance/timeseries/THG.L (filed 2026-04-09); FY2025: growth capex 0; upkeep 21154000; cash acquisitions 0; owner earnings 97673400. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-09); Dividend observations: [[2021,0],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 42.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); THG.LSE SharesStats.PercentInsiders = 42.169000000000004 percentage points; cache date 2026-10-16.

### What the price says

The price is 0.3 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-09); Closing price 32 GBX; reporting-to-trading FX 100; FY2025 annual sales per share 1.238088340984729; price multiple 0.2584629782923923. FY2025 cash earnings/share 0.070394037387041. Closing-price date 2026-10-15.

## Monthly share-price history (GBX per share)

- 2020-09: GBX 598.20 per share

- 2020-10: GBX 659.60 per share

- 2020-11: GBX 628.80 per share

- 2020-12: GBX 780.00 per share

- 2021-01: GBX 721.00 per share

- 2021-02: GBX 708.00 per share

- 2021-03: GBX 623.50 per share

- 2021-04: GBX 620.00 per share

- 2021-05: GBX 609.00 per share

- 2021-06: GBX 610.00 per share

- 2021-07: GBX 585.50 per share

- 2021-08: GBX 615.50 per share

- 2021-09: GBX 507.00 per share

- 2021-10: GBX 216.60 per share

- 2021-11: GBX 176.80 per share

- 2021-12: GBX 229.20 per share

- 2022-01: GBX 131.80 per share

- 2022-02: GBX 107.00 per share

- 2022-03: GBX 92.00 per share

- 2022-04: GBX 107.65 per share

- 2022-05: GBX 146.55 per share

- 2022-06: GBX 82.44 per share

- 2022-07: GBX 68.46 per share

- 2022-08: GBX 55.00 per share

- 2022-09: GBX 37.72 per share

- 2022-10: GBX 53.20 per share

- 2022-11: GBX 67.88 per share

- 2022-12: GBX 43.90 per share

- 2023-01: GBX 57.98 per share

- 2023-02: GBX 57.94 per share

- 2023-03: GBX 67.50 per share

- 2023-04: GBX 99.98 per share

- 2023-05: GBX 61.78 per share

- 2023-06: GBX 81.50 per share

- 2023-07: GBX 103.10 per share

- 2023-08: GBX 98.50 per share

- 2023-09: GBX 69.84 per share

- 2023-10: GBX 69.92 per share

- 2023-11: GBX 76.18 per share

- 2023-12: GBX 85.16 per share

- 2024-01: GBX 66.34 per share

- 2024-02: GBX 62.82 per share

- 2024-03: GBX 69.02 per share

- 2024-04: GBX 63.50 per share

- 2024-05: GBX 69.10 per share

- 2024-06: GBX 62.20 per share

- 2024-07: GBX 66.45 per share

- 2024-08: GBX 59.45 per share

- 2024-09: GBX 55.00 per share

- 2024-10: GBX 46.74 per share

- 2024-11: GBX 47.82 per share

- 2024-12: GBX 44.98 per share

- 2025-01: GBX 40.92 per share

- 2025-02: GBX 33.22 per share

- 2025-03: GBX 32.38 per share

- 2025-04: GBX 24.60 per share

- 2025-05: GBX 24.28 per share

- 2025-06: GBX 32.28 per share

- 2025-07: GBX 30.32 per share

- 2025-08: GBX 28.54 per share

- 2025-09: GBX 37.52 per share

- 2025-10: GBX 46.48 per share

- 2025-11: GBX 45.16 per share

- 2025-12: GBX 45.74 per share

- 2026-01: GBX 37.20 per share

- 2026-02: GBX 34.90 per share

- 2026-03: GBX 29.08 per share

- 2026-04: GBX 31.12 per share

- 2026-05: GBX 33.48 per share

- 2026-06: GBX 30.08 per share

- 2026-07: GBX 30.30 per share

- 2026-08: GBX 34.58 per share

- 2026-09: GBX 26.16 per share

- 2026-10: GBX 32.00 per share

## Annual estimated value (GBX per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original ESEF filing](https://filings.xbrl.org/21380066N3SV9O8IDP37/2025-12-31/ESEF/GB/0/21380066N3SV9O8IDP37-2025-12-31/reports/21380066N3SV9O8IDP37-2025-12-31-T01.xhtml); period 2025-12-31, filed 2026-04-09.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.