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THG Plc (THG) Fair Value & Analysis

Consumer Cyclical · GB · Market cap 528M GBX

TP THG Plc THG · LSE
Price£0.3086
Fair Value£0.5800
Upside+87.9%
Quality95/100
Evidence: Medium Range £0.4300 – £0.7200

Fair value as of: Jun 25, 2026

From 13 valuation models · updated 4 days ago

Fair value updated Jun 25, 2026 — revised from £0.7500 to £0.5800 (−22.7%) since Jun 24, 2026. Share price −12.1% over the past month.

Price vs Fair Value (12 months)

£0.5124 £0.2828 Fair Value £0.5800 Jun 2025 Jun 2026

12‑month range £0.2828 – £0.5124 · fair‑value band £0.4300 – £0.7200 · the £0.3086 price screens below the £0.5800 fair value. As of Jun 25, 2026.

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Analysis

THG Plc (THG) currently trades at £0.3086, while our model-based Fair Value estimate is £0.5800 — implying the stock looks roughly 87.9% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, THG Plc generated revenue of £1.7B at a net margin of 3.2%. Revenue grew 3.4% year over year. It earns a return on equity of -17.4%. Net debt stands at £378M. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) 1.7B GBX
Revenue growth (YoY) +3.4%
Net margin 3.2%
Return on equity -17.4%
Free cash flow −14.1M GBX FY2025
Operating margin 0.4%
More key figures
EPS (TTM) £-0.0400
Net debt 378M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

THG Plc reported revenue of £1.7B in FY2025 versus £2.2B in FY2021, a compound −5.8%/yr. Reported net income was £54.1M in FY2025.

Revenue −5.8%/yr
FY21 £2.2B
FY22 £2.2B
FY23 £2.0B
FY24 £1.8B
FY25 £1.7B
Net income
FY21 −£138M
FY22 −£540M
FY23 −£248M
FY24 −£326M
FY25 £54.1M

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Frequently asked questions

Is THG Plc (THG) undervalued?
As of Jun 25, 2026, our model estimates a fair value of £0.5800 versus a price of £0.3086 — about +88% (undervalued). Model-based estimate, not financial advice.
What is the fair value of THG?
Our 21-model fair value for THG Plc is £0.5800 (as of Jun 25, 2026), built from audited fundamentals. The current price is £0.3086.
What is the quality score of THG?
THG Plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of THG Plc (THG)?
THG Plc reported trailing-twelve-month revenue of about £1.7B (latest available figure, as of Jun 25, 2026).
What is the net profit margin of THG?
The net profit margin of THG Plc is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.