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THULE: Disciplined Add On Acquisitions Will Deliver Attractive Long Term Upside

THULE: Improved Margins And Lower Discount Rate Will Drive Future Upside

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THULE
AnalystConsensusTarget
Not Invested
Published 25 Dec 2024

Update shared on 22 Dec 2025

Fair value Decreased 2.01%
Previous
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AnalystConsensusTarget's Fair Value
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1Y
-30.3%
7D
-3.0%

Analysts have trimmed their price target on Thule Group by approximately SEK 6 to around SEK 284. This reflects slightly lower long term revenue growth and profit margin assumptions, as well as a marginally higher discount rate, even as future valuation multiples remain broadly unchanged.

What's in the News

  • Thule Group confirmed that mergers and acquisitions will be its third capital allocation priority, focusing on selective, clearly value creating add on deals that develop existing champions or build new ones (Capital Markets Day 2025)
  • Management emphasized strict financial discipline for any M&A, stating that transactions must be clearly accretive to Thule and demonstrably value creating before proceeding (Capital Markets Day 2025)
  • The company signaled ongoing interest in using available funds for strategic investments alongside organic growth, underlining M&A as a complementary tool rather than a primary growth driver (Capital Markets Day 2025)

Valuation Changes

  • Fair Value: Trimmed slightly from approximately SEK 290 to about SEK 284
  • Discount Rate: Risen marginally from roughly 5.52 percent to around 5.54 percent
  • Revenue Growth: Reduced modestly from about 5.30 percent to roughly 5.02 percent
  • Net Profit Margin: Eased slightly from around 14.80 percent to approximately 14.64 percent
  • Future P/E: Largely unchanged, edging down marginally from about 20.55x to roughly 20.53x

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Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.