Added to YB: 2025-06-24
Pitch date: 2025-06-21
THG.L [bullish]
THG Plc
+77.14%
current return
Author Info
The Boon Fund writes about their investments in UK shares. Outperforming the FTSE All-Share, every year, for the last three years. 49% total return vs 15% over three years. They transparently publish their entire portfolio, as well as all buys and sells that they do. Sign up for the newsletter.
Company Info
THG Plc operates as an online retailer in the United Kingdom, the United States, Europe, and internationally.
Market Cap
GBP 646.4M
Pitch Price
GBP 0.26
Price Target
0.62 (+36%)
Dividend
N/A
EV/EBITDA
16.27
P/E
-3.15
EV/Sales
0.66
Sector
Broadline Retail
Category
turnaround
THG - Am I buying a cardboard hut and about to lose my shirt?
THG.L: Undervalued at 0.35x EV/Sales with #1 sites in UK Beauty (LookFantastic) & Fitness (MyProtein). Successful transformation: jettisoned cash-burning Ingenuity, completed MyProtein rebrand, reduced debt/EBITDA from 3.2x to 2.2x. Expect 5.4% EBITDA margins to reach 7-10%. 62p price target (7x EBITDA), 50%+ upside as protein demand grows.
Read full article (7 min)