Thule Group (OM:THULE): Valuation Insights Following Strong Q2 Sales Growth and Strategic Product Expansion

Thule Group (OM:THULE) just released its Q2 2025 results, showing 16% sales growth thanks to several new product launches and gains in direct-to-consumer sales. The company is navigating continued challenges in North America, but recent innovations and strategic adjustments appear to be resonating with customers.

See our latest analysis for Thule Group.

After a big lift from new products and direct-to-consumer strategies, Thule Group’s share price has been volatile and is down 32% year-to-date. However, its three-year total shareholder return remains positive at over 20%, suggesting long-term investors have still been rewarded despite recent turbulence.

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With Thule trading at a significant discount to analysts' targets despite strong sales growth, the question remains: is the stock undervalued, or is the market already factoring in the company's future prospects?

Most Popular Narrative: 20.3% Undervalued

With Thule Group last closing at SEK234.2, the most followed narrative argues for a fair value around SEK294, highlighting a notable gap between market pricing and projected fundamentals.

"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."

Read the complete narrative.

Want to know the growth blueprint behind this high valuation? The narrative is betting on improved profits, operational efficiencies, and a bold future multiple. Uncover which key assumptions power this ambitious target and what could drive the next price surge.

Result: Fair Value of $294 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, continued weakness in North America or cautious retailer inventories could quickly challenge the optimistic outlook for Thule’s recovery and future growth.

Find out about the key risks to this Thule Group narrative.

Build Your Own Thule Group Narrative

If you’re not convinced by this take or want to dig into the numbers yourself, you can craft your own story in just a few minutes. Do it your way

A great starting point for your Thule Group research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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