Thule Group Valuation
Is THULE 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 THULE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: THULE (SEK296.2) is trading below our estimate of fair value (SEK336.15)
Significantly Below Fair Value: THULE 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 THULE?
Other financial metrics that can be useful for relative valuation.
| What is THULE's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | SEK 31.32b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.6x |
| Enterprise Value/EBITDA | 19.6x |
| PEG Ratio | 1.9x |
Price to Earnings Ratio vs Peers
How does THULE's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 57.3x | ||
MIPS Mips | 175.3x | 49.6% | SEK 10.9b |
BOAT Nimbus Group | 13.3x | 46.9% | SEK 513.7m |
JM JM | 26.1x | 27.7% | SEK 13.9b |
NEWA B New Wave Group | 14.7x | 12.1% | SEK 15.0b |
THULE Thule Group | 27.9x | 14.9% | SEK 31.3b |
Price-To-Earnings vs Peers: THULE is good value based on its Price-To-Earnings Ratio (27.9x) compared to the peer average (57.3x).
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 (27.9x) compared to the Global Leisure industry average (18.1x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 27.9x |
| Fair PE Ratio | 23.4x |
Price-To-Earnings vs Fair Ratio: THULE is expensive based on its Price-To-Earnings Ratio (27.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.4x).
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 296.20 | SEK 313.00 +5.7% | 10.1% | SEK 350.00 | SEK 270.00 | n/a | 5 |
| Jul ’25 | SEK 278.60 | SEK 313.00 +12.3% | 10.1% | SEK 350.00 | SEK 270.00 | n/a | 5 |
| Jun ’25 | SEK 316.00 | SEK 312.00 -1.3% | 9.9% | SEK 350.00 | SEK 270.00 | n/a | 5 |
| May ’25 | SEK 314.00 | SEK 312.00 -0.6% | 9.9% | SEK 350.00 | SEK 270.00 | n/a | 5 |
| Apr ’25 | SEK 322.70 | SEK 304.00 -5.8% | 8.3% | SEK 335.00 | SEK 270.00 | n/a | 5 |
| Mar ’25 | SEK 282.80 | SEK 304.00 +7.5% | 8.3% | SEK 335.00 | SEK 270.00 | n/a | 5 |
| Feb ’25 | SEK 265.20 | SEK 291.00 +9.7% | 8.0% | SEK 320.00 | SEK 250.00 | n/a | 5 |
| Jan ’25 | SEK 274.50 | SEK 300.00 +9.3% | 9.8% | SEK 340.00 | SEK 250.00 | n/a | 5 |
| Dec ’24 | SEK 267.20 | SEK 300.00 +12.3% | 9.8% | SEK 340.00 | SEK 250.00 | n/a | 5 |
| Nov ’24 | SEK 253.80 | SEK 332.50 +31.0% | 7.8% | SEK 370.00 | SEK 300.00 | n/a | 4 |
| Oct ’24 | SEK 286.90 | SEK 350.00 +22.0% | 5.6% | SEK 370.00 | SEK 320.00 | n/a | 4 |
| Sep ’24 | SEK 314.00 | SEK 356.25 +13.5% | 5.9% | SEK 370.00 | SEK 320.00 | n/a | 4 |
| Aug ’24 | SEK 328.70 | SEK 343.75 +4.6% | 12.4% | SEK 370.00 | SEK 270.00 | n/a | 4 |
| Jul ’24 | SEK 317.10 | SEK 323.75 +2.1% | 9.9% | SEK 350.00 | SEK 270.00 | SEK 278.60 | 4 |
| Jun ’24 | SEK 277.40 | SEK 305.00 +9.9% | 10.0% | SEK 340.00 | SEK 270.00 | SEK 316.00 | 4 |
| May ’24 | SEK 295.70 | SEK 272.50 -7.8% | 16.0% | SEK 340.00 | SEK 225.00 | SEK 314.00 | 4 |
| Apr ’24 | SEK 254.70 | SEK 242.50 -4.8% | 5.2% | SEK 260.00 | SEK 225.00 | SEK 322.70 | 4 |
| Mar ’24 | SEK 228.50 | SEK 242.50 +6.1% | 5.2% | SEK 260.00 | SEK 225.00 | SEK 282.80 | 4 |
| Feb ’24 | SEK 251.90 | SEK 245.00 -2.7% | 5.6% | SEK 260.00 | SEK 225.00 | SEK 265.20 | 4 |
| Jan ’24 | SEK 217.70 | SEK 241.00 +10.7% | 7.6% | SEK 265.00 | SEK 220.00 | SEK 274.50 | 5 |
| Dec ’23 | SEK 250.10 | SEK 243.00 -2.8% | 8.5% | SEK 270.00 | SEK 220.00 | SEK 267.20 | 5 |
| Nov ’23 | SEK 220.20 | SEK 243.00 +10.4% | 8.5% | SEK 270.00 | SEK 220.00 | SEK 253.80 | 5 |
| Oct ’23 | SEK 223.50 | SEK 275.00 +23.0% | 17.6% | SEK 350.00 | SEK 230.00 | SEK 286.90 | 4 |
| Sep ’23 | SEK 248.50 | SEK 378.33 +52.2% | 0.6% | SEK 380.00 | SEK 375.00 | SEK 314.00 | 3 |
| Aug ’23 | SEK 290.50 | SEK 385.00 +32.5% | 2.8% | SEK 400.00 | SEK 375.00 | SEK 328.70 | 3 |
| Jul ’23 | SEK 259.40 | SEK 415.00 +60.0% | 9.7% | SEK 470.00 | SEK 375.00 | SEK 317.10 | 3 |
Analyst Forecast: Target price is less than 20% higher than the current share price.