Company Valuation: THG Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,798 555.5 1,107 686.3 731.7 453.7 - -
Change - -80.15% 99.24% -37.99% 6.62% -37.99% - -
Enterprise Value (EV) 1 2,754 1,095 1,670 1,032 1,096 733.9 679.6 627.4
Change - -60.23% 52.47% -38.21% 6.17% -33.01% -7.4% -7.68%
P/E -17.6x -1x -4.48x -1.87x 11.4x -10x -17x -63.4x
PBR 1.43x 0.42x 1.23x 2.01x 1.49x 1.38x 1.38x 1.32x
PEG - -0x 0.1x -0.1x -0x 0x 0.4x 0.9x
Capitalization / Revenue 1.28x 0.25x 0.54x 0.35x 0.43x 0.25x 0.24x 0.23x
EV / Revenue 1.26x 0.49x 0.82x 0.53x 0.64x 0.41x 0.36x 0.32x
EV / EBITDA 17.1x 17.1x 14.6x 9.02x 14.3x 7.21x 5.59x 4.61x
EV / EBIT -334x -7.31x -12.4x -6.98x -49.4x 565x 36.9x 18x
EV / FCF -31.2x -19.2x -1,471x -11.7x -21.1x 24.7x 13.8x 9.95x
FCF Yield -3.2% -5.22% -0.07% -8.53% -4.73% 4.05% 7.26% 10.1%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.13 -0.44 -0.19 -0.24 0.04 -0.0317 -0.0186 -0.005
Distribution rate - - - - - - - -
Net sales 1 2,180 2,239 2,045 1,943 1,718 1,800 1,886 1,985
EBITDA 1 161.3 64.11 114.1 114.4 76.59 101.8 121.5 136.1
EBIT 1 -8.235 -149.8 -134.8 -147.9 -22.18 1.3 18.4 34.9
Net income 1 -138.1 -540 -248.4 -326.1 - -48 -28.77 -8.171
Net Debt 1 -44.41 539.8 563.2 345.6 363.8 280.2 225.9 173.7
Reference price 2 2.2920 0.4390 0.8516 0.4498 0.4574 0.3170 0.3170 0.3170
Nbr of stocks (in thousands) 1,220,898 1,265,340 1,299,619 1,525,765 1,599,781 1,640,393 - -
Announcement Date 4/21/22 A 4/18/23 A 4/10/24 A 4/29/25 A 3/26/26 A - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.16x1.54x10.67x1.01% 272B
79.07x10.32x55.34x-.--% 163B
8.03x0.88x3.8x-.--% 112B
49.01x2.01x20.73x-.--% 95.12B
-96.55x0.73x28.22x-.--% 61.23B
23.33x4.07x13.54x1.19% 46.06B
20.25x5.43x13.15x - 29.65B
29.07x3.38x11.35x1.59% 15.06B
4.51x0.22x2.51x4.5% 6.92B
Average 15.32x 3.18x 17.70x 1.04% 89B
Weighted average by Cap. 25.52x 3.54x 21.55x 0.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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