THG Holdings PLC
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 web… Read more
THG Holdings PLC (THG) - Net Assets
Latest net assets as of June 2025: GBX424.12 Million GBX
Based on the latest financial reports, THG Holdings PLC (THG) has net assets worth GBX424.12 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.62 Billion) and total liabilities (GBX1.20 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX424.12 Million |
| % of Total Assets | 26.11% |
| Annual Growth Rate | 13.38% |
| 5-Year Change | -73.28% |
| 10-Year Change | 383.12% |
| Growth Volatility | 71.34 |
THG Holdings PLC - Net Assets Trend (2013–2024)
This chart illustrates how THG Holdings PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for THG Holdings PLC (2013–2024)
The table below shows the annual net assets of THG Holdings PLC from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX305.83 Million | -70.07% |
| 2023-12-31 | GBX1.02 Billion | -21.52% |
| 2022-12-31 | GBX1.30 Billion | -25.86% |
| 2021-12-31 | GBX1.76 Billion | +53.40% |
| 2020-12-31 | GBX1.14 Billion | +183.40% |
| 2019-12-31 | GBX403.85 Million | +6.41% |
| 2018-12-31 | GBX379.52 Million | +42.78% |
| 2017-12-31 | GBX265.81 Million | +85.19% |
| 2016-12-31 | GBX143.53 Million | +126.74% |
| 2015-12-31 | GBX63.30 Million | -7.56% |
| 2014-12-31 | GBX68.48 Million | -10.89% |
| 2013-12-31 | GBX76.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to THG Holdings PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 183214600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX8.22 Million | 2.69% |
| Other Comprehensive Income | GBX25.62 Million | 8.38% |
| Other Components | GBX2.12 Billion | 692.47% |
| Total Equity | GBX305.83 Million | 100.00% |
THG Holdings PLC Competitors by Market Cap
The table below lists competitors of THG Holdings PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Turn Cloud Technology Service Inc.
TWO:6870
|
$59.04K |
|
Beroni Group Limited
OTCQB:BNIGF
|
$59.06K |
|
Tae Kyung Chemical Co. Ltd.
KQ:006890
|
$59.06K |
|
GOODYEAR T & RUBBER
DU:GTR
|
$59.11K |
|
QINETIQ GROUP - Dusseldorf Stock Exchang
DU:QY6
|
$58.97K |
|
RYOTF
PINK:RYOTF
|
$58.95K |
|
Viromed Medical AG
DU:Q11
|
$58.92K |
|
Signet EV Inc
KO:260870
|
$58.90K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in THG Holdings PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,021,667,000 to 305,827,000, a change of -715,840,000 (-70.1%).
- Net loss of 326,140,000 reduced equity.
- New share issuances of 93,319,000 increased equity.
- Other comprehensive income increased equity by 3,619,001.
- Other factors decreased equity by 486,638,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-326.14 Million | -106.64% |
| Share Issuances | GBX93.32 Million | +30.51% |
| Other Comprehensive Income | GBX3.62 Million | +1.18% |
| Other Changes | GBX-486.64 Million | -159.12% |
| Total Change | GBX- | -70.07% |
Book Value vs Market Value Analysis
This analysis compares THG Holdings PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 138.73x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.22x to 138.73x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | GBX25.46 | GBX31.00 | x |
| 2014-12-31 | GBX23.79 | GBX31.00 | x |
| 2015-12-31 | GBX23.36 | GBX31.00 | x |
| 2016-12-31 | GBX46.97 | GBX31.00 | x |
| 2017-12-31 | GBX0.27 | GBX31.00 | x |
| 2018-12-31 | GBX0.39 | GBX31.00 | x |
| 2019-12-31 | GBX0.41 | GBX31.00 | x |
| 2020-12-31 | GBX1.18 | GBX31.00 | x |
| 2021-12-31 | GBX1.60 | GBX31.00 | x |
| 2022-12-31 | GBX1.05 | GBX31.00 | x |
| 2023-12-31 | GBX0.79 | GBX31.00 | x |
| 2024-12-31 | GBX0.22 | GBX31.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently THG Holdings PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -106.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.62%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 8.32x
- Recent ROE (-106.64%) is below the historical average (-16.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 7.22% | 3.01% | 1.14x | 2.10x | GBX-2.13 Million |
| 2014 | 6.48% | 1.79% | 1.12x | 3.22x | GBX-2.41 Million |
| 2015 | 21.31% | 4.04% | 0.96x | 5.51x | GBX7.16 Million |
| 2016 | 7.53% | 2.15% | 0.80x | 4.36x | GBX-3.55 Million |
| 2017 | -3.87% | -1.40% | 0.85x | 3.25x | GBX-36.88 Million |
| 2018 | -2.68% | -1.11% | 0.74x | 3.28x | GBX-48.11 Million |
| 2019 | -11.93% | -4.23% | 0.67x | 4.19x | GBX-88.58 Million |
| 2020 | -46.54% | -33.01% | 0.66x | 2.14x | GBX-647.08 Million |
| 2021 | -7.86% | -6.33% | 0.64x | 1.95x | GBX-313.65 Million |
| 2022 | -41.48% | -24.11% | 0.72x | 2.37x | GBX-670.13 Million |
| 2023 | -24.31% | -12.14% | 0.74x | 2.72x | GBX-350.54 Million |
| 2024 | -106.64% | -18.62% | 0.69x | 8.32x | GBX-356.72 Million |
Industry Comparison
This section compares THG Holdings PLC's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $1,366,357,143
- Average return on equity (ROE) among peers: -16.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| THG Holdings PLC (THG) | GBX424.12 Million | 7.22% | 2.83x | $58.98K |
| Boohoo.com PLC (BOO) | $270.40 Million | 13.97% | 0.63x | $44.78K |
| N Brown Group PLC (BWNG) | $64.03 Million | 16.66% | 1.01x | $22.54K |
| BOOHOO GROUP PLC (DEBS) | $400.00 Million | -18.90% | 2.06x | $21.46 |
| Gear4music (Holdings) Plc (G4M) | $397.00K | -78.09% | 20.03x | $7.53K |
| Just Eat Takeaway.com N.V (JET) | $7.89 Billion | -71.78% | 0.57x | $286.07K |
| Sosandar Plc (SOS) | $18.37 Million | 10.24% | 0.49x | $1.93K |
| Unbound Group plc (UBG) | $916.30 Million | 10.39% | 0.36x | $0.82 |