Thule Group AB (publ) operates in the sports and outdoor sector worldwide.
Proven track record with reasonable growth potential.
Share Price & News
How has Thule Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: THULE's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: THULE underperformed the Swedish Leisure industry which returned -22.3% over the past year.
Return vs Market: THULE underperformed the Swedish Market which returned -11.6% over the past year.
Price Volatility Vs. Market
How volatile is Thule Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Thule Group AB (publ) (STO:THULE) Excessively Paying Its CEO?
3 weeks ago | Simply Wall StWhat Is Thule Group's (STO:THULE) P/E Ratio After Its Share Price Tanked?
3 weeks ago | Simply Wall StHow Does Thule Group AB (publ)'s (STO:THULE) Earnings Growth Stack Up Against Industry Performance?
Is Thule Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: THULE (SEK151.3) is trading below our estimate of fair value (SEK195.91)
Significantly Below Fair Value: THULE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: THULE is poor value based on its PE Ratio (17.7x) compared to the Leisure industry average (10.4x).
PE vs Market: THULE is poor value based on its PE Ratio (17.7x) compared to the Swedish market (14.8x).
Price to Earnings Growth Ratio
PEG Ratio: THULE is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: THULE is overvalued based on its PB Ratio (3.6x) compared to the SE Leisure industry average (1.6x).
How is Thule Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: THULE's forecast earnings growth (9.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: THULE's earnings (9.3% per year) are forecast to grow faster than the Swedish market (8% per year).
High Growth Earnings: THULE's earnings are forecast to grow, but not significantly.
Revenue vs Market: THULE's revenue (4.5% per year) is forecast to grow faster than the Swedish market (4.1% per year).
High Growth Revenue: THULE's revenue (4.5% 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 (23.6%)
How has Thule Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: THULE has high quality earnings.
Growing Profit Margin: THULE's current net profit margins (12.5%) are lower than last year (12.9%).
Past Earnings Growth Analysis
Earnings Trend: THULE's earnings have grown by 17% per year over the past 5 years.
Accelerating Growth: THULE's earnings growth over the past year (5.5%) is below its 5-year average (17% per year).
Earnings vs Industry: THULE earnings growth over the past year (5.5%) exceeded the Leisure industry -6.9%.
Return on Equity
High ROE: THULE's Return on Equity (20.4%) is considered high.
How is Thule Group's financial position?
Financial Position Analysis
Short Term Liabilities: THULE's short term assets (SEK2.2B) exceed its short term liabilities (SEK1.1B).
Long Term Liabilities: THULE's short term assets (SEK2.2B) do not cover its long term liabilities (SEK2.8B).
Debt to Equity History and Analysis
Debt Level: THULE's debt to equity ratio (50.7%) is considered high.
Reducing Debt: THULE's debt to equity ratio has reduced from 89.3% to 50.7% over the past 5 years.
Debt Coverage: THULE's debt is well covered by operating cash flow (46.9%).
Interest Coverage: THULE's interest payments on its debt are well covered by EBIT (26.6x coverage).
Inventory Level: THULE has a high level of physical assets or inventory.
Debt Coverage by Assets: THULE's debt is covered by short term assets (assets are 1x debt).
What is Thule Group's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate THULE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate THULE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if THULE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if THULE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: THULE is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of THULE's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Magnus Welander (53yo)
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 ($USD1.12M) is above average for companies of similar size in the Swedish market ($USD835.04K).
Compensation vs Earnings: Magnus's compensation has been consistent with company performance over the past year.
|CEO & President||10yrs||kr11.29m||no data|
|Chief Financial Officer||0.083yr||no data||no data|
|Head of Group Accounting||no data||no data||no data|
|Senior Vice President of Communications & Investor Relations||10.25yrs||no data||0.10% SEK16.2m|
|Senior Vice President of Human Resources & Sustainability||15.25yrs||no data||0.067% SEK10.4m|
|President of Region Americas||17.25yrs||no data||0.35% SEK54.7m|
|Secretary||no data||no data||no data|
Experienced Management: THULE's management team is seasoned and experienced (10.3 years average tenure).
|Independent Director||13.25yrs||kr426.00k||0.019% SEK3.0m|
|Independent Chairman of the Board||2yrs||kr969.00k||0.035% SEK5.4m|
|Independent Director||3.92yrs||kr411.00k||0.0012% SEK186.9k|
|Independent Director||2.25yrs||kr270.00k||0.0014% SEK224.0k|
|Director||1yr||no data||no data|
Experienced Board: THULE's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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 company bio, employee growth, exchange listings and data sources
- Name: Thule Group AB (publ)
- Ticker: THULE
- Exchange: OM
- Founded: 1942
- Industry: Leisure Products
- Sector: Consumer Durables
- Market Cap: kr15.450b
- Shares outstanding: 103.21m
- Website: https://www.thulegroup.com
Number of Employees
- Thule Group AB (publ)
- Fosievägen 13
- Skåne County
- 214 31
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|THULE||OM (OMX Nordic Exchange Stockholm)||Yes||Ordinary Shares||SE||SEK||Nov 2014|
|THULEs||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||SEK||Nov 2014|
|0R3W||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||SEK||Nov 2014|
|TU0||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Nov 2014|
|THLP.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Nov 2014|
|THUP.Y||OTCPK (Pink Sheets LLC)||UNSPONSRED ADS||US||USD||Jun 2019|
Thule Group AB (publ) operates in the sports and outdoor sector worldwide. It offers roof racks, rooftop boxes, bike racks for vehicles, and racks for water and winter sports transported by car; computer and camera bags, hiking backpacks, and luggage; bike trailers, strollers, and child bike seats; and awnings, bike carriers, and tents for motor homes and caravans. The company offers its products primarily under the Thule and Case Logic brands to retailers and distributors. Thule Group AB (publ) was founded in 1942 and is headquartered in Malmö, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 04:43|
|End of Day Share Price||2020/04/03 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.