Thule Group (1THUL) Stock Overview

Operates as a sports and outdoor company. More details

1THUL fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	1/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 29.3% below our estimate of its fair value

Earnings are forecast to grow 16.21% per year

Analysts in good agreement that stock price will rise by 25.5%

Risk Analysis

Unstable dividend track record

Has a high level of debt

Volatile share price over the past 3 months compared to the Italian market

1THUL Community Fair Values

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Thule Group AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Thule Group
Historical stock prices
Current Share Price	SEK 21.48
52 Week High	SEK 25.06
52 Week Low	SEK 24.36
Beta	1.11
1 Month Change	-5.79%
3 Month Change	-14.49%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-30.26%

Recent updates

Shareholder Returns

	1THUL	IT Leisure	IT Market
7D	4.8%	0.05%	-0.2%
1Y	n/a	20.5%	24.7%

Return vs Industry: Insufficient data to determine how 1THUL performed against the Italian Leisure industry.

Return vs Market: Insufficient data to determine how 1THUL performed against the Italian Market.

Price Volatility

Is 1THUL's price volatile compared to industry and market?
1THUL volatility
1THUL Average Weekly Movement	5.9%
Leisure Industry Average Movement	4.5%
Market Average Movement	4.3%
10% most volatile stocks in IT Market	7.8%
10% least volatile stocks in IT Market	2.5%

Stable Share Price: 1THUL's share price has been volatile over the past 3 months compared to the Italian market.

Volatility Over Time: 1THUL's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

Founded	Employees	CEO	Website
1942	2,800	Mattias Ankarberg	www.thulegroup.com

Thule Group AB (publ) operates as a sports and outdoor company. The company offers roof racks and boxes, as well as carriers for transporting cycling, and water and winter sports equipment; rooftop tents mounted on a car; awnings, bike carriers, and tents for recreational vehicles and caravans; and bike trailers, child bike seats, strollers, car seats, and dog transportation crates. It also provides duffel bags, backpacks, luggage, and laptop bags for everyday use; hiking backpacks; camera bags; and cases for consumer electronics through its website and retailers.

Thule Group AB (publ) Fundamentals Summary

How do Thule Group's earnings and revenue compare to its market cap?
1THUL fundamental statistics
Market cap	€2.24b
Earnings (TTM)	€94.27m
Revenue (TTM)	€912.62m

23.7x

P/E Ratio

2.5x

P/S Ratio

Is 1THUL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1THUL income statement (TTM)
Revenue	SEK 10.09b
Cost of Revenue	SEK 5.62b
Gross Profit	SEK 4.47b
Other Expenses	SEK 3.43b
Earnings	SEK 1.04b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Oct 22, 2025

Earnings per share (EPS)	9.66
Gross Margin	44.31%
Net Profit Margin	10.33%
Debt/Equity Ratio	59.6%

How did 1THUL perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

85%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/10 23:11
End of Day Share Price	2025/10/10 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Thule Group AB (publ) is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Lars Topholm	Carnegie Investment Bank AB
Daniel Schmidt	Danske Bank

Thule Group AB (publ)BIT:1THUL Stock Report