THG Holdings PLC (THG) - Net Assets

Latest as of December 2025: GBX425.22 Million GBX ≈ $51.74K USD

Based on the latest financial reports, THG Holdings PLC (THG) has net assets worth GBX425.22 Million GBX (≈ $51.74K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.60 Billion ≈ $194.57K USD) and total liabilities (GBX1.17 Billion ≈ $142.83K USD). 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. Check THG tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX425.22 Million
% of Total Assets 26.59%
Annual Growth Rate 15.32%
5-Year Change -75.78%
10-Year Change 196.25%
Growth Volatility 68.32

THG Holdings PLC - Net Assets Trend (2013–2025)

This chart illustrates how THG Holdings PLC's net assets have evolved over time, based on quarterly financial data. See THG days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for THG Holdings PLC (2013–2025)

The table below shows the annual net assets of THG Holdings PLC from 2013 to 2025. For live valuation and market cap data, see market value of THG Holdings PLC.

Year Net Assets Change
2025-12-31 GBX425.22 Million
≈ $51.74K		 +39.04%
2024-12-31 GBX305.83 Million
≈ $37.21K		 -70.07%
2023-12-31 GBX1.02 Billion
≈ $124.31K		 -21.52%
2022-12-31 GBX1.30 Billion
≈ $158.38K		 -25.86%
2021-12-31 GBX1.76 Billion
≈ $213.62K		 +53.40%
2020-12-31 GBX1.14 Billion
≈ $139.26K		 +183.40%
2019-12-31 GBX403.85 Million
≈ $49.14K		 +6.41%
2018-12-31 GBX379.52 Million
≈ $46.18K		 +42.78%
2017-12-31 GBX265.81 Million
≈ $32.34K		 +85.19%
2016-12-31 GBX143.53 Million
≈ $17.46K		 +126.74%
2015-12-31 GBX63.30 Million
≈ $7.70K		 -7.56%
2014-12-31 GBX68.48 Million
≈ $8.33K		 -10.89%
2013-12-31 GBX76.85 Million
≈ $9.35K		 --

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 177265900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Common Stock GBX9.61 Million 2.26%
Other Comprehensive Income GBX-5.59 Million -1.32%
Other Components GBX2.21 Billion 519.14%
Total Equity GBX425.22 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
Betacom S.A.
WAR:BCM
 $6.16 Million
Safello Group AB
ST:SFL
 $6.16 Million
Novavis Group SA
WAR:NVG
 $6.17 Million
Ao World
LSE:AO
 $6.17 Million
Minaean SP Construction Corp
V:MSP
 $6.16 Million
Senmiao Technology Ltd
NASDAQ:AIHS
 $6.15 Million
Djasa Ubersakti Tbk
JK:PTDU
 $6.15 Million
INC S.A.
WAR:INC
 $6.14 Million

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 2024 to 2025, total equity changed from 305,827,000 to 425,222,000, a change of 119,395,000 (39.0%).
  • Net income of 54,125,000 contributed positively to equity growth.
  • New share issuances of 21,417,000 increased equity.
  • Other comprehensive income decreased equity by 31,216,000.
  • Other factors increased equity by 75,069,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX54.12 Million +12.73%
Share Issuances GBX21.42 Million +5.04%
Other Comprehensive Income GBX-31.22 Million -7.34%
Other Changes GBX75.07 Million +17.65%
Total Change GBX- 39.04%

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: 104.09x
  • 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 1.25x to 104.09x 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 GBX31.90 x
2014-12-31 GBX23.79 GBX31.90 x
2015-12-31 GBX23.36 GBX31.90 x
2016-12-31 GBX46.97 GBX31.90 x
2017-12-31 GBX0.27 GBX31.90 x
2018-12-31 GBX0.39 GBX31.90 x
2019-12-31 GBX0.41 GBX31.90 x
2020-12-31 GBX1.18 GBX31.90 x
2021-12-31 GBX1.60 GBX31.90 x
2022-12-31 GBX1.05 GBX31.90 x
2023-12-31 GBX0.79 GBX31.90 x
2024-12-31 GBX0.22 GBX31.90 x
2025-12-31 GBX0.31 GBX31.90 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): 12.73%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.15%
  • • Asset Turnover: 1.07x
  • • Equity Multiplier: 3.76x
  • Recent ROE (12.73%) is above the historical average (-14.62%), indicating improving 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
2025 12.73% 3.15% 1.07x 3.76x GBX11.60 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: $128,148,761
  • Average return on equity (ROE) among peers: -20.52%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
THG Holdings PLC (THG) GBX425.22 Million 7.22% 2.76x $6.16 Million
ASOS Plc (ASC) $438.80 Million 18.78% 1.29x $4.02 Million
BOOHOO GROUP PLC (DEBS) $66.37 Million 12.66% 0.29x $4.43 Million
Gear4music (Holdings) Plc (G4M) $37.23 Million -1.73% 1.27x $650.83K
Deliveroo Holdings PLC (ROO) $90.43 Million -33.31% 0.12x $32.33 Million
Sosandar Plc (SOS) $7.90 Million -98.99% 0.34x $299.00K

About THG Holdings PLC

LSE:THG UK Internet Retail
Market Cap
$6.16 Million
GBX50.62 Billion GBX
Market Cap Rank
#28163 Global
#436 in UK
Share Price
GBX31.90
Change (1 day)
+0.25%
52-Week Range
GBX26.50 - GBX48.88
All Time High
GBX799.40
Categories
Companies in UK Internet Retail Technology AI & Machine Learning
About

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