THG Plc (THGHY) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
THG Plc (THGHY) trades at $0.2808. THG Plc is a global digital commerce and technology company operating across the UK, US, and Europe. Market cap: $446M, Sector: Consumer cyclical.
Price as of Aug 21, 2026 · Last analyzed: Jun 15, 2026Analyst Coverage for THGHY: THGHY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates THGHY against Consumer Cyclical peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
THGHY: 1/3 scored disciplines lean bearish. Dominant signal: Seth Klarman bearish.
How is this calculated? →THG Plc (THGHY) Consumer Business Overview
THG Plc is a global digital commerce and technology enterprise, integrating direct-to-consumer online retail platforms like Lookfantastic and Myprotein with its comprehensive B2B e-commerce solution, THG Ingenuity. The company operates internationally, offering a diverse portfolio spanning beauty, nutrition, and technology services within the specialty retail sector.
What Is the Investment Thesis for THGHY?
THG Plc presents an investment thesis centered on its integrated digital commerce ecosystem, combining a robust portfolio of direct-to-consumer (DTC) brands with a scalable B2B e-commerce technology platform. The company's P/E ratio of 9.4 and a gross margin of 38.5% indicate a business with established profitability and operational efficiency in its core segments. Key value drivers include the continued expansion of THG Ingenuity, which leverages its proprietary technology to serve external clients, offering a diversified revenue stream beyond its own retail brands. Growth catalysts are anticipated from the increasing global penetration of online beauty and sports nutrition markets, where THG's established brands like Lookfantastic and Myprotein hold significant positions. The company's extensive logistics and fulfillment infrastructure further support efficient scaling. However, investors must consider the inherent risks associated with its OTC listing, which can lead to lower liquidity and potential volatility, alongside currency fluctuation risks for ADR holders. The company's broad operational scope also presents execution challenges in managing diverse segments from luxury hospitality to film processing. Monitoring THG's financial performance, particularly its profit margin of 3.2%, and developments in its B2B platform adoption will be crucial for assessing its long-term value.
Based on FMP financials and quantitative analysis
THGHY Key Highlights
Market Capitalization of $446M, reflecting its current valuation as of 2026-06-15.
- Price-to-Earnings (P/E) ratio of 9.45, indicating its earnings multiple relative to its share price.
- Profit Margin of 3.2%, demonstrating the company's net profitability from its operations.
- Gross Margin of 38.5%, showcasing the efficiency of its core retail and product sales activities.
- A workforce of 6,797 employees, highlighting the scale of its global digital commerce and technology operations.
Who Are THGHY's Competitors?
THGHY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BBW Build-A-Bear Workshop, Inc. | $37.78 | -4.55% | $474M | 77 |
| BNED Barnes & Noble Education, Inc. | $12.03 | +0.59% | $417M | 72 |
| BWMX Betterware de México, S.A.P.I. de C.V. | $15.92 | -1.42% | $593M | 57 |
| YSG Yatsen Holding Limited | $2.96 | -3.27% | $277M | 56 |
| WOOF Petco Health and Wellness Company, Inc. | $2.85 | -3.39% | $814M | 62 |
| HEPS D-Market Elektronik Hizmetler ve Ticaret A.S. | $2.67 | +2.69% | $847M | 56 |
| GRUPF Fnac Darty S.A. | $66.00 | +0.00% | $1.01B | 54 |
| HZO MarineMax, Inc. | $52.25 | +0.06% | $1.15B | 67 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are THGHY's Key Strengths?
Integrated e-commerce technology platform (THG Ingenuity) supporting internal and external brands.
- Diverse portfolio of established direct-to-consumer brands in high-growth beauty and nutrition sectors.
- Extensive global logistics, warehousing, and fulfillment capabilities.
- Broad geographic reach across the UK, US, Europe, and other international markets.
What Are THGHY's Weaknesses?
OTC listing potentially leading to lower liquidity and wider bid-ask spreads.
- Exposure to currency fluctuations due to its ADR structure and international operations.
- Broad operational scope across multiple disparate segments, potentially diluting focus.
- Unknown disclosure status for its OTC listing, potentially limiting investor access to information.
What Could Drive THGHY Stock Higher?
THGHY catalyst: Potential improvements in the company's OTC disclosure status, which could enhance investor confidence and liquidity.
- Expansion of the THG Ingenuity platform's client base, driving B2B revenue growth and validating its technology offering.
- Continued strong performance and market share gains in the global online beauty and sports nutrition markets.
- Strategic partnerships or acquisitions that enhance THG's brand portfolio or technological capabilities.
What Are the Key Risks for THGHY?
Financial-distress signal — its Altman Z-Score of 0.37 sits in the distress zone (elevated bankruptcy risk).
- Exposure to currency fluctuations between GBP and USD, impacting the value of ADRs for U.S. investors.
- Lower liquidity and wider bid-ask spreads inherent with its OTC Other listing, potentially affecting trading efficiency.
- Intense competition across its diverse segments, including online retail, sports nutrition, and e-commerce technology.
- Regulatory changes in digital commerce, data privacy, or international trade that could impact operations and profitability.
- Supply chain disruptions or increases in input costs, which could compress gross margins in its retail segments.
What Are the Growth Opportunities for THGHY?
- **Expansion of THG Ingenuity Platform**: THG Ingenuity, the company's comprehensive technology platform, represents a significant growth driver. As businesses increasingly seek robust, scalable e-commerce solutions, Ingenuity offers web hosting, analytics, fraud detection, logistics, and digital brand management. The global e-commerce platform market is projected to continue its strong growth trajectory, with market sizes reaching hundreds of billions of dollars. By securing new enterprise clients and expanding its service offerings, THG can capitalize on the growing demand for integrated digital commerce infrastructure, potentially diversifying its revenue streams and improving margin profiles over the next 3-5 years.
- **Global E-commerce Penetration for Beauty & Nutrition**: Leveraging its established brands like Lookfantastic, Cult Beauty, and Myprotein, THG has substantial opportunities for geographic expansion. The global online beauty and sports nutrition markets are experiencing sustained growth, particularly in emerging markets where digital penetration is still accelerating. By strategically entering new countries and enhancing its localized marketing and logistics capabilities, THG can capture a larger share of these expanding markets. This involves optimizing its supply chain for international delivery and tailoring product assortments to regional preferences, driving revenue growth over the medium term (2-4 years).
- **Direct-to-Consumer (DTC) Brand Portfolio Growth**: THG can continue to develop and acquire new direct-to-consumer brands within its core beauty, nutrition, and lifestyle categories. The DTC model allows for higher margins, direct customer relationships, and rapid product innovation. By identifying niche markets or underserved consumer segments, THG can launch or integrate new brands into its existing Ingenuity ecosystem, benefiting from shared infrastructure and marketing expertise. This strategy enables agile response to market trends and strengthens its overall brand equity, contributing to organic and inorganic growth over the long term (3-5+ years).
- **Luxury and Hospitality Segment Development**: The THG Experience and THG Luxury segments, encompassing luxury hotels and high-end fashion retail websites, offer avenues for growth by targeting affluent consumers. The global luxury market, including hospitality and premium goods, demonstrates resilience and growth, particularly in post-pandemic recovery. By enhancing the unique experiences offered at its venues and expanding its curated selection of luxury brands online, THG can capture a larger share of this high-value market. Strategic partnerships and exclusive offerings could further elevate these segments, contributing to brand prestige and incremental revenue over the next 2-5 years.
- **Data-Driven Personalization and Customer Engagement**: Utilizing the advanced analytics capabilities embedded within THG Ingenuity, the company has a significant opportunity to enhance personalization across all its retail platforms. By leveraging customer data to offer tailored product recommendations, personalized marketing campaigns, and optimized user experiences, THG can increase conversion rates, customer loyalty, and average order values. This data-driven approach allows for more efficient marketing spend and a deeper understanding of consumer behavior, leading to sustained organic growth and competitive advantage in the highly competitive e-commerce landscape over the next 1-3 years.
What Threats Does THGHY Face?
- Intense competition from established e-commerce giants and emerging DTC brands.
- Potential regulatory changes impacting digital commerce and international trade.
- Supply chain disruptions and increasing input costs affecting gross margins.
- Economic downturns impacting consumer discretionary spending on beauty, luxury, and nutrition products.
What Are THGHY's Competitive Advantages?
- Proprietary THG Ingenuity platform, offering an integrated, end-to-end e-commerce solution for both internal brands and external clients.
- Extensive global logistics and warehousing infrastructure, enabling efficient international fulfillment and delivery.
- Diverse portfolio of established direct-to-consumer brands (e.g., Myprotein, Lookfantastic) with strong brand recognition and customer loyalty.
- Data-driven capabilities for personalization and customer engagement, enhancing user experience and marketing effectiveness.
- Broad operational scope across beauty, nutrition, technology, and luxury, providing diversified revenue streams and market reach.
What Does THGHY Do?
Established in Manchester, United Kingdom, in 2004, THG Plc, formerly known as THG Holdings plc until January 2021, has evolved into a prominent global digital commerce and technology enterprise. The company's operations span the United Kingdom, the United States, Europe, and other international markets, underpinned by a multifaceted business model. At its core, THG operates several dedicated online retail platforms, including well-known names like Lookfantastic, Cult Beauty, and Dermstore. These platforms collectively curate and offer products from over 1,300 high-end brands, encompassing a wide array of categories such as skincare, haircare, cosmetics, and fragrances, catering to a global consumer base seeking premium beauty products. Beyond beauty, THG owns Myprotein, a leading direct-to-consumer brand focused on sports nutrition. Myprotein's extensive product line includes vegan options, various protein supplements, vitamins, athleisure apparel, and healthy snacks, addressing the growing demand for health and wellness products. A critical differentiator and cornerstone of THG's strategy is THG Ingenuity, a proprietary, comprehensive technology platform. This platform is not only utilized for THG's internal brands but is also offered as a full suite of services to empower other businesses and brands. THG Ingenuity provides essential e-commerce infrastructure, including web hosting, advanced analytics for data-driven insights, robust fraud detection mechanisms, end-to-end logistics, sophisticated warehousing solutions, and extensive digital brand management services. These management services encompass marketing, translation capabilities for global reach, and comprehensive customer support. In addition to these primary divisions, THG's diverse portfolio extends to THG OnDemand, which supplies entertainment items and manages subscription services for categories like clothing, gadgets, and vinyl records. The company also ventures into luxury hospitality under the THG Experience banner, operating high-end venues such as King Street Townhouse Hotel, Great John Street Hotel, and Hale Country Club & Spa. THG Luxury further manages websites dedicated to retailing high-end fashion and lifestyle brands. Ancillary activities include operating hairdressing salons, offering various business services like website development, franchising, consultancy, warehousing, distribution, environmental consulting, and motion picture distribution, showcasing THG's broad operational footprint in the digital and physical retail landscape.
What Products and Services Does THGHY Offer?
- Operates online retail platforms for beauty products, including Lookfantastic, Cult Beauty, and Dermstore, offering over 1,300 high-end brands.
- Owns and operates Myprotein, a direct-to-consumer brand specializing in sports nutrition, supplements, and athleisure.
- Provides THG Ingenuity, a comprehensive B2B technology platform offering web hosting, analytics, fraud detection, logistics, and digital brand management services.
- Manages THG OnDemand, supplying entertainment items and subscription services for clothing, gadgets, and vinyl records.
- Operates luxury hospitality venues under THG Experience, such as King Street Townhouse Hotel and Hale Country Club & Spa.
- Manages THG Luxury websites for retailing high-end fashion and lifestyle brands.
- Offers various business services including website development, franchising, consultancy, warehousing, and environmental consulting.
- Engages in ancillary ventures like motion picture distribution, film processing, and visual content production.
How Does THGHY Make Money?
- Direct-to-consumer (DTC) sales of beauty, nutrition, and lifestyle products through proprietary online platforms.
- Provision of B2B e-commerce technology and services via the THG Ingenuity platform to external brands and businesses.
- Revenue generation from luxury hospitality services and sales of high-end fashion and lifestyle goods.
- Subscription-based services for entertainment items and other categories through THG OnDemand.
- Fees from various business services, including logistics, marketing, and web development.
What Industry Does THGHY Operate In?
THG Plc operates within the dynamic Consumer Cyclical sector, specifically positioned in Specialty Retail, with a significant footprint in e-commerce and technology solutions. The company's dual model, encompassing direct-to-consumer beauty and nutrition brands alongside its B2B THG Ingenuity platform, places it at the intersection of several high-growth market trends. The global e-commerce market continues to expand rapidly, driven by increasing digital adoption and evolving consumer preferences for online shopping convenience. Within this, online beauty and sports nutrition segments are experiencing robust growth, fueled by health consciousness and personalized product demand. THG competes with established online retailers and emerging DTC brands in its consumer segments, while THG Ingenuity faces competition from other e-commerce platform providers and logistics solutions. Its ability to integrate technology, logistics, and brand management offers a comprehensive value proposition, differentiating it in a competitive landscape characterized by continuous innovation and evolving customer expectations.
Who Are THGHY's Key Customers?
- Individual consumers globally seeking beauty, skincare, haircare, and fragrance products.
- Health-conscious individuals and athletes purchasing sports nutrition, supplements, and athleisure wear.
- Businesses and brands requiring comprehensive e-commerce technology, logistics, and digital marketing solutions.
- Guests and patrons of luxury hotels and spas seeking premium hospitality experiences.
- Subscribers to various entertainment and lifestyle product services.
Forward Outlook
Wall Street analysts project THG Plc revenue of about $1.80B for fiscal 2026, with EPS near $0.00. The estimate reflects 4 contributing analysts.
Financial Health
THG Plc's Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.37 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on equity for THG Plc stands at 12.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.4%, showing how much profit it generates from its asset base. THGHY trades at a trailing price-to-earnings ratio of 9.43, below the Consumer Cyclical sector average of ~34x. Its free cash flow yield is 0.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.92 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 10.3%, the inverse of the P/E and a quick read on earnings relative to price.
THG Plc (THGHY) Valuation Context
Valued at $446M, THGHY is classified as a small-cap stock.
THGHY Revenue & Earnings Trend
In Q4 2025, THGHY generated $928.7M in top-line revenue, marking a sequential increase of 18.5%. The company recorded a net loss of $22.0M, with diluted EPS of $-0.01. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Consumer Cyclical. Across the four most recent quarters, THGHY averaged $-0.08 in diluted EPS.
Company Profile
THG Plc operates in the Specialty Retail industry within the Consumer Cyclical sector. It is headquartered in Altrincham, GB. The company is led by CEO Matthew John Moulding. THGHY has traded publicly since 2022.
THGHY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in THG's future prospects, indicating that key stakeholders believe in the company's potential.
- Community sentiment has turned increasingly positive as discussions around THG's strategic partnerships gain traction, enhancing its market position.
- The company has made strides in diversifying its product offerings, appealing to a broader customer base and potentially boosting revenue streams.
- Market perception is improving as THG continues to focus on sustainability, aligning with consumer trends and enhancing brand loyalty.
Bear Case
- Despite recent positive sentiment, there are concerns over THG's operational efficiency, with some analysts questioning the sustainability of its current growth trajectory.
- The competitive landscape remains fierce, with rivals aggressively targeting THG's market share, raising doubts about its ability to maintain profitability.
- Recent social media discussions have highlighted skepticism regarding THG's long-term strategy, with some community members expressing concerns over management decisions.
- Economic uncertainties and potential regulatory changes could impact THG's business model, leading to increased caution among investors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 2025 | $929M | -$22M | -$0.01 |
| Q2 2025 | $783M | $76M | -$0.05 |
| Q4 2024 | $817M | -$205M | -$0.16 |
| Q2 2024 | $934M | -$121M | -$0.08 |
Based on FMP financials and quantitative analysis
THGHY Latest News
No recent news available for THGHY.
THGHY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for THGHY.
Price Targets
Wall Street price target analysis for THGHY.
THGHY MoonshotScore
What does this score mean?
The MoonshotScore rates THGHY 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Matthew John Moulding
CEO
Matthew John Moulding is the founder and CEO of THG Plc, a company he established in 2004. Under his leadership, THG has grown from a small online retailer into a global digital commerce and technology enterprise. Moulding's vision has been instrumental in developing THG's unique integrated business model, combining proprietary technology, global logistics, and a diverse portfolio of direct-to-consumer brands. His career has been marked by a focus on e-commerce innovation and strategic acquisitions, building a comprehensive ecosystem that supports both THG's own brands and external clients through the THG Ingenuity platform. He oversees a significant workforce of 6,797 employees.
Track Record: Under Matthew Moulding's leadership, THG Plc has achieved significant milestones, including the successful launch and scaling of key brands like Myprotein and Lookfantastic into global market leaders. He spearheaded the development of THG Ingenuity, transforming the company into a B2B technology provider. Moulding also oversaw the company's rebranding to THG Plc in 2021 and its expansion into luxury hospitality and diverse business services, demonstrating a track record of strategic diversification and robust operational growth since the company's inception.
THG Plc ADR Information Unsponsored
THGHY is an American Depositary Receipt (ADR), specifically a Level 1 ADR. This means it represents shares of THG Plc, a foreign company, that are held by a U.S. depositary bank. These ADRs trade on the U.S. over-the-counter (OTC) market, allowing U.S. investors to buy and sell shares of the UK-based company without directly trading on a foreign exchange. Level 1 ADRs typically have fewer regulatory requirements compared to higher levels.
- Home Market Ticker: London Stock Exchange, United Kingdom
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: THGH
THGHY OTC Market Information
THGHY trades on the OTC market, specifically classified as 'OTC Other.' This tier is for companies that do not meet the disclosure requirements for OTCQX or OTCQB, or choose not to provide financial information to OTC Markets Group. Unlike stocks listed on major exchanges like NYSE or NASDAQ, which have strict listing and reporting standards, OTC Other companies have significantly less stringent disclosure obligations. This can result in limited publicly available financial data and company news, making it more challenging for investors to conduct comprehensive due diligence compared to higher-tier OTC or exchange-listed securities. It often implies a higher risk profile due to reduced transparency.
- OTC Tier: OTC Other
- Limited transparency due to unknown disclosure status and less stringent reporting requirements compared to major exchanges.
- Lower liquidity and wider bid-ask spreads, making it difficult to trade shares efficiently.
- Increased price volatility due to lower trading volumes and less analyst coverage.
- Potential for less reliable or timely financial information, hindering informed investment decisions.
- Higher susceptibility to market manipulation due to less regulatory oversight and lower trading activity.
- Verify the company's official filings with its home country regulator (e.g., Companies House in the UK).
- Scrutinize any available financial statements for consistency and auditor's reports.
- Research independent news sources and reputable financial publications for company updates and performance.
- Assess the company's business operations, market position, and competitive landscape independently.
- Understand the specific risks associated with its ADR structure and currency exposure.
- Evaluate the management team's track record and corporate governance practices.
- Consult with a financial advisor experienced in OTC and international equities.
- Established operations since 2004 with a clear business description and diverse segments.
- Global presence across the UK, US, and Europe, indicating significant operational scale.
- Ownership of recognizable brands like Myprotein, Lookfantastic, and Cult Beauty.
- Development and operation of a comprehensive B2B technology platform, THG Ingenuity.
- Management by a known CEO, Matthew John Moulding, who also founded the company.
Common Questions About THGHY (Consumer Cyclical)
What does THG Plc do?
THG Plc functions as a global digital commerce and technology enterprise with a diversified portfolio. The company primarily operates dedicated online retail platforms such as Lookfantastic, Cult Beauty, and Dermstore, offering products from over 1,300 high-end beauty brands. It also owns Myprotein, a direct-to-consumer brand specializing in sports nutrition.
How does THG Plc manage supply chain and input cost risks?
THG Plc, operating across diverse retail and manufacturing segments, faces ongoing supply chain and input cost risks. The company manages these through its integrated THG Ingenuity platform, which includes extensive logistics and warehousing solutions. This infrastructure aims to provide greater control over the supply chain, from sourcing to last-mile delivery.
What are the main risks for THGHY, particularly as an OTC-listed ADR?
As an OTC-listed American Depositary Receipt (ADR), THGHY carries several distinct risks. Firstly, its OTC Other tier classification implies significantly less stringent disclosure requirements compared to major exchanges, with an 'Unknown' disclosure status, making comprehensive due diligence challenging. This can lead to lower transparency and potentially less reliable financial information.
What is THGHY's dividend and shareholder return track record?
Based on the provided financial data, THGHY currently has no dividend yield, indicating that the company does not distribute regular cash dividends to its shareholders.
What are the key factors to evaluate for THGHY?
Evaluate THGHY on fundamentals, analyst consensus, and risk factors. P/E: 9.4x vs the S&P 500's ~20-25x. THG Plc presents an investment thesis centered on its integrated digital commerce ecosystem, combining a robust portfolio of direct-to-consumer (DTC) brands with a scalable B2B e-commerce technology platform. Not financial advice.
How frequently does THGHY data refresh on this page?
THGHY's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven THGHY's recent stock price performance?
THG Plc (THGHY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Integrated e-commerce technology platform (THG Ingenuity) supporting internal and external brands. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider THGHY overvalued or undervalued right now?
THG Plc (THGHY) trades at 9.4x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- No FMP PEER TICKERS were provided in the source data, so the 'competitors' array is empty.
- Specific tax implications for ADR holders regarding foreign dividend withholding tax rates are not detailed in the provided data.
- The OTC disclosure status is explicitly stated as 'Unknown' in the source data.