Update shared on05 Oct 2025
Fair value Decreased 7.26%Analysts have lowered their fair value estimate for Thule Group from SEK 317 to SEK 294, citing moderating revenue growth and profit margin forecasts. They acknowledge improving conditions after recent results.
Analyst Commentary
Following recent results and the updated outlook for Thule Group, analysts have provided detailed perspectives highlighting both strengths and ongoing challenges for the company.
Bullish Takeaways- Bullish analysts see the latest quarterly results as a pivotal moment. They suggest the most significant margin pressure is now in the past and a more favorable environment is emerging for the remainder of the year.
- High conviction is evident in the raised price targets, reflecting enhanced confidence in Thule Group's ability to execute on its growth strategy through 2025.
- Expectations for improving profit margins and operational efficiencies are seen as key catalysts that could support renewed momentum in the share price.
- The constructive setup for the second half is underpinned by anticipated recovery in market demand and stabilization in input costs.
- Some analysts remain cautious, noting that while front-loaded margin pressures may have subsided, sustained improvement is dependent on the pace of revenue growth and broader market conditions.
- There are ongoing concerns regarding the company's ability to consistently deliver on profit margin expansion, especially if underlying demand softens or inflationary pressures return.
- The recent fair value estimate revision suggests tempering of growth projections. This signals that the road to recovery is not without risks.
What's in the News
- Thule Group recently held an Analyst/Investor Day to update stakeholders on business developments and strategic priorities (Key Developments).
Valuation Changes
- Fair Value Estimate has been lowered from SEK 317 to SEK 294, reflecting a decrease of roughly 7%.
- The discount rate has been reduced slightly from 5.65% to 5.63%.
- Revenue growth has decreased from 6.79% to 6.03% as projections moderate.
- The net profit margin has been adjusted down from 14.78% to 14.19%.
- The future P/E ratio has been marginally decreased from 23.47x to 23.15x.
Disclaimer
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