THULE Stock Overview
Thule Group AB (publ) operates as a sports and outdoor company.
Thule Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr286.10|
|52 Week High||kr556.50|
|52 Week Low||kr245.10|
|1 Month Change||-0.76%|
|3 Month Change||-8.74%|
|1 Year Change||-36.08%|
|3 Year Change||45.97%|
|5 Year Change||81.08%|
|Change since IPO||266.79%|
Recent News & Updates
Thule Group's (STO:THULE) Dividend Will Be Increased To SEK6.50
The board of Thule Group AB (publ) ( STO:THULE ) has announced that it will be paying its dividend of SEK6.50 on the...
Returns on Capital Paint A Bright Future For Thule Group (STO:THULE)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
Thule Group (STO:THULE) Is Paying Out A Larger Dividend Than Last Year
Thule Group AB (publ) ( STO:THULE ) has announced that it will be increasing its dividend from last year's comparable...
Thule Group (STO:THULE) Is Increasing Its Dividend To kr6.50
Thule Group AB (publ) ( STO:THULE ) will increase its dividend on the 11th of October to kr6.50. This will take the...
|THULE||SE Leisure||SE Market|
Return vs Industry: THULE matched the Swedish Leisure industry which returned -36.2% over the past year.
Return vs Market: THULE underperformed the Swedish Market which returned -23.1% over the past year.
|THULE Average Weekly Movement||7.0%|
|Leisure Industry Average Movement||8.5%|
|Market Average Movement||7.3%|
|10% most volatile stocks in SE Market||12.9%|
|10% least volatile stocks in SE Market||4.6%|
Stable Share Price: THULE is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: THULE's weekly volatility (7%) has been stable over the past year.
About the Company
Thule Group AB (publ) operates as a sports and outdoor company. It offers roof racks; roof boxes; carriers for transporting bikes, water, and winter sports equipment and rooftop tents; awnings, bike carriers, and tents for RVs and caravans; bike trailers, child bike seats, and strollers; luggage, backpacks, and laptop and sport bags; and hiking backpacks, camera bags, and cases for consumer electronics. The company offers its products primarily under the Thule and Case Logic brands.
Thule Group Fundamentals Summary
|THULE fundamental statistics|
Is THULE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|THULE income statement (TTM)|
|Cost of Revenue||kr6.60b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 27, 2022
|Earnings per share (EPS)||17.44|
|Net Profit Margin||16.63%|
How did THULE perform over the long term?See historical performance and comparison
4.5%Current Dividend Yield
Does THULE pay a reliable dividends?See THULE dividend history and benchmarks
|Thule Group dividend dates|
|Ex Dividend Date||Oct 05 2022|
|Dividend Pay Date||Oct 11 2022|
|Days until Ex dividend||57 days|
|Days until Dividend pay date||63 days|
Does THULE pay a reliable dividends?See THULE dividend history and benchmarks
Is THULE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for THULE?
Other financial metrics that can be useful for relative valuation.
|What is THULE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does THULE's PE Ratio compare to its peers?
|THULE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BOAT Nimbus Group
GJAB Gullberg & Jansson
ELUX B AB Electrolux
THULE Thule Group
Price-To-Earnings vs Peers: THULE is good value based on its Price-To-Earnings Ratio (16.4x) compared to the peer average (21.1x).
Price to Earnings Ratio vs Industry
How does THULE's PE Ratio compare vs other companies in the European Leisure Industry?
Price-To-Earnings vs Industry: THULE is expensive based on its Price-To-Earnings Ratio (16.4x) compared to the Swedish Leisure industry average (13.2x)
Price to Earnings Ratio vs Fair Ratio
What is THULE'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.
|Current PE Ratio||16.4x|
|Fair PE Ratio||19.3x|
Price-To-Earnings vs Fair Ratio: THULE is good value based on its Price-To-Earnings Ratio (16.4x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).
Share Price vs Fair Value
What is the Fair Price of THULE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: THULE (SEK286.1) is trading below our estimate of fair value (SEK432.9)
Significantly Below Fair Value: THULE is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Thule Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: THULE's forecast earnings growth (5.3% per year) is above the savings rate (0.4%).
Earnings vs Market: THULE's earnings (5.3% per year) are forecast to grow slower than the Swedish market (16.4% per year).
High Growth Earnings: THULE's earnings are forecast to grow, but not significantly.
Revenue vs Market: THULE's revenue (5.1% per year) is forecast to grow slower than the Swedish market (10.9% per year).
High Growth Revenue: THULE's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: THULE's Return on Equity is forecast to be high in 3 years time (27.7%)
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How has Thule Group performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: THULE has a high level of non-cash earnings.
Growing Profit Margin: THULE's current net profit margins (16.6%) are lower than last year (17.7%).
Past Earnings Growth Analysis
Earnings Trend: THULE's earnings have grown significantly by 22.7% per year over the past 5 years.
Accelerating Growth: THULE's earnings growth over the past year (5.3%) is below its 5-year average (22.7% per year).
Earnings vs Industry: THULE earnings growth over the past year (5.3%) underperformed the Leisure industry 15.5%.
Return on Equity
High ROE: THULE's Return on Equity (29.6%) is considered high.
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How is Thule Group's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: THULE's short term assets (SEK5.3B) exceed its short term liabilities (SEK2.9B).
Long Term Liabilities: THULE's short term assets (SEK5.3B) exceed its long term liabilities (SEK3.2B).
Debt to Equity History and Analysis
Debt Level: THULE's net debt to equity ratio (37.7%) is considered satisfactory.
Reducing Debt: THULE's debt to equity ratio has reduced from 74% to 39.7% over the past 5 years.
Debt Coverage: THULE's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: THULE's interest payments on its debt are well covered by EBIT (67.2x coverage).
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What is Thule Group current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: THULE's dividend (4.54%) is higher than the bottom 25% of dividend payers in the Swedish market (1.47%).
High Dividend: THULE's dividend (4.54%) is low compared to the top 25% of dividend payers in the Swedish market (5.37%).
Stability and Growth of Payments
Stable Dividend: THULE has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: THULE's dividend payments have increased, but the company has only paid a dividend for 7 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (74.5%), THULE's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: THULE is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Magnus Welander (56 yo)
Mr. Magnus Welander serves as the Chief Executive Officer and President of Thule Sweden AB. Mr. Welander has been the Chief Executive Officer and President of Thule Group AB since April 1, 2010. He served...
CEO Compensation Analysis
Compensation vs Market: Magnus's total compensation ($USD1.81M) is about average for companies of similar size in the Swedish market ($USD1.50M).
Compensation vs Earnings: Magnus's compensation has been consistent with company performance over the past year.
Experienced Management: THULE's management team is seasoned and experienced (7.5 years average tenure).
Experienced Board: THULE's board of directors are considered experienced (4.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: THULE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Thule Group AB (publ)'s employee growth, exchange listings and data sources
- Name: Thule Group AB (publ)
- Ticker: THULE
- Exchange: OM
- Founded: 1942
- Industry: Leisure Products
- Sector: Consumer Durables
- Implied Market Cap: kr29.915b
- Shares outstanding: 104.56m
- Website: https://www.thulegroup.com
Number of Employees
- Thule Group AB (publ)
- Fosievägen 13
- Skåne County
- 214 31
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/08 00:00|
|End of Day Share Price||2022/08/08 00:00|
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 here.