Thule Group Valuation
Is THULES undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of THULES when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: THULES (SEK353.4) is trading below our estimate of fair value (SEK393.49)
Significantly Below Fair Value: THULES is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for THULES?
Key metric: As THULES is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is THULES's PE Ratio? | |
|---|---|
| PE Ratio | 30.7x |
| Earnings | SEK 1.18b |
| Market Cap | SEK 36.33b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.9x |
| Enterprise Value/EBITDA | 20.7x |
| PEG Ratio | 1.4x |
Price to Earnings Ratio vs Peers
How does THULES's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 34.7x | ||
GAW Games Workshop Group | 25.7x | 3.1% | UK£3.9b |
CCT Character Group | 9.5x | n/a | UK£51.8m |
BWY Bellway | 22.8x | 21.9% | UK£3.0b |
BRBY Burberry Group | 80.8x | 37.2% | UK£3.1b |
THULES Thule Group | 30.7x | 22.0% | SEK 36.3b |
Price-To-Earnings vs Peers: THULES is good value based on its Price-To-Earnings Ratio (30.7x) compared to the peer average (34.7x).
Price to Earnings Ratio vs Industry
How does THULES's PE Ratio compare vs other companies in the European Leisure Industry?
| 0 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 0 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: THULES is expensive based on its Price-To-Earnings Ratio (30.7x) compared to the Global Leisure industry average (17.2x).
Price to Earnings Ratio vs Fair Ratio
What is THULES's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 30.7x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate THULES's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | SEK 353.40 | SEK 371.25 +5.1% | 4.9% | SEK 400.00 | SEK 350.00 | n/a | 4 |
| Nov ’25 | SEK 356.40 | SEK 321.25 -9.9% | 8.0% | SEK 350.00 | SEK 285.00 | n/a | 4 |
| Oct ’25 | n/a | SEK 317.50 0% | 6.9% | SEK 340.00 | SEK 285.00 | n/a | 4 |
| Sep ’25 | n/a | SEK 310.00 0% | 9.5% | SEK 345.00 | SEK 270.00 | n/a | 5 |
| Aug ’25 | n/a | SEK 310.00 0% | 9.5% | SEK 345.00 | SEK 270.00 | n/a | 5 |
| Jul ’25 | SEK 282.40 | SEK 313.00 +10.8% | 10.1% | SEK 350.00 | SEK 270.00 | n/a | 5 |
| Jun ’25 | SEK 315.10 | SEK 312.00 -1.0% | 9.9% | SEK 350.00 | SEK 270.00 | n/a | 5 |
| May ’25 | n/a | SEK 312.00 0% | 9.9% | SEK 350.00 | SEK 270.00 | n/a | 5 |
| Apr ’25 | n/a | SEK 304.00 0% | 8.3% | SEK 335.00 | SEK 270.00 | n/a | 5 |
| Mar ’25 | n/a | SEK 304.00 0% | 8.3% | SEK 335.00 | SEK 270.00 | n/a | 5 |
| Feb ’25 | n/a | SEK 291.00 0% | 8.0% | SEK 320.00 | SEK 250.00 | n/a | 5 |
| Jan ’25 | n/a | SEK 300.00 0% | 9.8% | SEK 340.00 | SEK 250.00 | n/a | 5 |
| Dec ’24 | SEK 268.45 | SEK 300.00 +11.8% | 9.8% | SEK 340.00 | SEK 250.00 | n/a | 5 |
| Nov ’24 | n/a | SEK 332.50 0% | 7.8% | SEK 370.00 | SEK 300.00 | SEK 356.40 | 4 |
| Oct ’24 | SEK 269.90 | SEK 350.00 +29.7% | 5.6% | SEK 370.00 | SEK 320.00 | n/a | 4 |
| Sep ’24 | n/a | SEK 356.25 0% | 5.9% | SEK 370.00 | SEK 320.00 | n/a | 4 |
| Aug ’24 | n/a | SEK 343.75 0% | 12.4% | SEK 370.00 | SEK 270.00 | n/a | 4 |
| Jul ’24 | SEK 315.50 | SEK 323.75 +2.6% | 9.9% | SEK 350.00 | SEK 270.00 | SEK 282.40 | 4 |
| Jun ’24 | n/a | SEK 305.00 0% | 10.0% | SEK 340.00 | SEK 270.00 | SEK 315.10 | 4 |
| May ’24 | SEK 258.90 | SEK 272.50 +5.3% | 16.0% | SEK 340.00 | SEK 225.00 | n/a | 4 |
| Apr ’24 | SEK 228.60 | SEK 242.50 +6.1% | 5.2% | SEK 260.00 | SEK 225.00 | n/a | 4 |
| Mar ’24 | SEK 221.80 | SEK 242.50 +9.3% | 5.2% | SEK 260.00 | SEK 225.00 | n/a | 4 |
| Feb ’24 | SEK 245.45 | SEK 245.00 -0.2% | 5.6% | SEK 260.00 | SEK 225.00 | n/a | 4 |
| Jan ’24 | n/a | SEK 241.00 0% | 7.6% | SEK 265.00 | SEK 220.00 | n/a | 5 |
| Dec ’23 | SEK 249.60 | SEK 243.00 -2.6% | 8.5% | SEK 270.00 | SEK 220.00 | SEK 268.45 | 5 |
| Nov ’23 | SEK 224.85 | SEK 243.00 +8.1% | 8.5% | SEK 270.00 | SEK 220.00 | n/a | 5 |
Analyst Forecast: Target price is less than 20% higher than the current share price.