Thule Group AB (publ)

OM:THULE Aktierapport

Börsvärde: SEK 24.3b

Thule Group Tidigare resultatutveckling

Tidigare kriterier kontrolleras 3/6

Thule Group s intäkter har minskat med en genomsnittlig årlig takt på -11.3%, medan Leisure -branschen såg intäkter på växande på 16.3% årligen. Intäkterna har varit växande med en genomsnittlig takt på 0.1% per år. Thule Group s avkastning på eget kapital är 14.6% och den har en nettomarginal på 11%.

Viktig information

-11.35%

Tillväxttakt i vinsten

-12.00%

Tillväxttakt för EPS

Leisure Tillväxt i branschen15.52%
Intäkternas tillväxttakt0.12%
Avkastning på eget kapital14.56%
Nettomarginal11.03%
Nästa resultatuppdatering20 Jul 2026

Senaste uppdateringar av tidigare prestationer

Recent updates

Uppdatering av berättelse May 03

THULE: Recent Upgrade And Revised Assumptions Will Support Constructive Future Upside

Analysts have nudged their price target for Thule Group higher from SEK 271.43 to SEK 276.88. They cited updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E in the wake of more constructive Street research, including the recent SEB Equities upgrade.
Uppdatering av berättelse Apr 18

THULE: Refined Assumptions And Constructive Research Will Shape Balanced Future Upside

Analysts have lifted their price target on Thule Group to SEK 271.43 per share, citing slightly adjusted assumptions around the discount rate, revenue growth, profit margins and future P/E, along with a more constructive stance in recent Street research. Analyst Commentary Recent Street research has become more constructive on Thule Group, with bullish analysts pointing to a stronger investment case under the updated assumptions on discount rate, revenue growth, profit margins and future P/E.
Uppdatering av berättelse Apr 04

THULE: Revised Assumptions And Constructive Research Will Support Long Term Upside

Analysts have lowered their average price target for Thule Group to SEK 271 from SEK 283. They cite updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E after recent Street research turned more constructive on the shares.
Uppdatering av berättelse Mar 21

THULE: Unchanged Fair Value And Stable Assumptions Will Support Long Term Upside

Analysts have kept their SEK 282.86 price target for Thule Group broadly unchanged, citing only very small adjustments to the discount rate, long term revenue growth, profit margin assumptions and future P/E expectations. Valuation Changes Fair Value: SEK 282.86 remains unchanged, indicating no adjustment to the estimated intrinsic value per share.
Uppdatering av berättelse Mar 06

THULE: Steady Assumptions Will Support Long Term Upside Potential

Analysts have kept their SEK 282.86 price target on Thule Group broadly unchanged, citing only marginal adjustments in their discount rate, long term revenue growth, profit margin and future P/E assumptions, rather than any change in their overall view of the shares. Valuation Changes Fair Value: SEK 282.86 remains unchanged, indicating no adjustment to the analysts' central estimate for Thule Group's shares.
Uppdatering av berättelse Feb 20

THULE: Add On M&A Will Support Long Term Upside Potential

Analysts have lifted their price target on Thule Group by SEK 5 to SEK 282.86, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E multiples. Valuation Changes Fair Value: updated slightly higher to SEK 282.86 from SEK 277.86.
Uppdatering av berättelse Feb 05

THULE: Add On M&A Will Support Long Term Upside Potential

Analysts have trimmed their fair value estimate for Thule Group to SEK 277.86 from SEK 282.14, reflecting updated views on the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Thule Group plans to pursue add on M&A using available funds, focusing on opportunities that support existing product champions or help build new ones (Capital Markets Day 2025).
Uppdatering av berättelse Jan 22

THULE: Selective Add On Deals Will Drive Long Term Upside

Analysts have made a small downward adjustment to their fair value estimate for Thule Group to SEK 282.14 from SEK 282.50, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Thule Group highlighted M&A as its third capital allocation priority at its Capital Markets Day 2025, focusing on selective add on deals that support existing product champions or build new ones (Capital Markets Day 2025).
Uppdatering av berättelse Jan 08

THULE: Disciplined Add On M&A Will Support Long Term Upside

Analysts have slightly adjusted their price view on Thule Group, trimming the fair value estimate from SEK 284.17 to SEK 282.50 as they fine tune assumptions around revenue growth, profit margins, and the future P/E multiple. What's in the News Thule Group plans to pursue selective add on M&A using available funds, as outlined at its Capital Markets Day 2025, with a focus on supporting existing product champions or building new ones (Key Developments).
Uppdatering av berättelse Dec 22

THULE: Disciplined Add On Acquisitions Will Deliver Attractive Long Term Upside

Analysts have trimmed their price target on Thule Group by approximately SEK 6 to around SEK 284. This reflects slightly lower long term revenue growth and profit margin assumptions, as well as a marginally higher discount rate, even as future valuation multiples remain broadly unchanged.
Uppdatering av berättelse Dec 07

THULE: Future Add-On Acquisitions Will Drive Attractive Long-Term Upside Potential

Analysts have modestly raised their price target on Thule Group to SEK 290.00. This reflects slightly higher discount rate assumptions while maintaining largely unchanged expectations for revenue growth, profit margins, and future valuation multiples.
Uppdatering av berättelse Nov 23

THULE: Future Mergers And Acquisitions Will Drive Long-Term Value

Narrative Update on Thule Group: Analyst Price Target Revision Analysts have maintained Thule Group's fair value estimate at SEK 290.00 per share. This reflects stable expectations, as modest improvements in profit margin are offset by a slightly lower forward price-to-earnings multiple.
Uppdatering av berättelse Nov 03

THULE: Improved Margins And Lower Discount Rate Will Drive Future Upside

Analysts have raised their fair value estimate for Thule Group from SEK 288 to SEK 290. They cite modestly improved profit margins and a slightly lower discount rate as key factors in the upward revision.
Uppdatering av berättelse Oct 20

Quad Lock And North America Focus Will Secure Future Success

Analysts have revised their fair value estimate for Thule Group downward from SEK 294 to SEK 288. This change reflects modest adjustments to revenue growth and profit margin expectations.
Uppdatering av berättelse Oct 05

Quad Lock And North America Focus Will Secure Future Success

Analysts have lowered their fair value estimate for Thule Group from SEK 317 to SEK 294, citing moderating revenue growth and profit margin forecasts. They acknowledge improving conditions after recent results.
Uppdatering av berättelse Sep 20

Quad Lock And North America Focus Will Secure Future Success

Analysts have modestly lowered Thule Group’s price target to SEK317, citing recent Q2 results as an inflection point with margin pressures now easing and a more constructive outlook for H2 2024, supporting expectations for improved operating leverage and near-term recovery. Analyst Commentary Q2 results indicate a turning point in company performance for 2025.
Analysartikel Apr 10

Thule Group AB (publ) (STO:THULE) Shares May Have Slumped 31% But Getting In Cheap Is Still Unlikely

The Thule Group AB (publ) ( STO:THULE ) share price has fared very poorly over the last month, falling by a substantial...
Analysartikel Mar 27

Thule Group (STO:THULE) Is Reducing Its Dividend To SEK4.15

Thule Group AB (publ) ( STO:THULE ) is reducing its dividend from last year's comparable payment to SEK4.15 on the 7th...
Analysartikel Mar 17

Estimating The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)

Key Insights Thule Group's estimated fair value is kr393 based on 2 Stage Free Cash Flow to Equity Current share price...
Analysartikel Mar 05

Is Thule Group (STO:THULE) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysartikel Feb 21

Thule Group's (STO:THULE) Shareholders Will Receive A Smaller Dividend Than Last Year

Thule Group AB (publ) ( STO:THULE ) is reducing its dividend from last year's comparable payment to SEK4.15 on the 7th...
Analysartikel Feb 21

Is Now An Opportune Moment To Examine Thule Group AB (publ) (STO:THULE)?

While Thule Group AB (publ) ( STO:THULE ) might not have the largest market cap around , it saw a decent share price...
Analysartikel Jan 23

What Thule Group AB (publ)'s (STO:THULE) P/E Is Not Telling You

Thule Group AB (publ)'s ( STO:THULE ) price-to-earnings (or "P/E") ratio of 31.9x might make it look like a sell right...
Analysartikel Jan 11

Slowing Rates Of Return At Thule Group (STO:THULE) Leave Little Room For Excitement

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
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Ny berättelse Dec 25

Award-Winning Premium Products And D2C Expansion Will Drive Sustained Revenue And Profit Growth

New product launches, particularly in premium bike carriers and juvenile/pet segments, are key drivers of Thule's revenue growth.
Analysartikel Nov 16

Analysts Are Betting On Thule Group AB (publ) (STO:THULE) With A Big Upgrade This Week

Thule Group AB (publ) ( STO:THULE ) shareholders will have a reason to smile today, with the analysts making...
Analysartikel Nov 07

Thule Group (STO:THULE) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysartikel Oct 26

Results: Thule Group AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

Shareholders of Thule Group AB (publ) ( STO:THULE ) will be pleased this week, given that the stock price is up 14% to...
Analysartikel Oct 17

Calculating The Fair Value Of Thule Group AB (publ) (STO:THULE)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Thule Group fair value estimate is kr333 With kr302 share...
Analysartikel Sep 18

Investors Met With Slowing Returns on Capital At Thule Group (STO:THULE)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Analysartikel Aug 31

Getting In Cheap On Thule Group AB (publ) (STO:THULE) Is Unlikely

Thule Group AB (publ)'s ( STO:THULE ) price-to-earnings (or "P/E") ratio of 28.6x might make it look like a sell right...
Analysartikel Aug 19

Thule Group (STO:THULE) Is Due To Pay A Dividend Of SEK4.75

Thule Group AB (publ) ( STO:THULE ) has announced that it will pay a dividend of SEK4.75 per share on the 10th of...
Analysartikel Aug 16

At kr290, Is It Time To Put Thule Group AB (publ) (STO:THULE) On Your Watch List?

While Thule Group AB (publ) ( STO:THULE ) might not have the largest market cap around , it received a lot of attention...
Analysartikel Aug 04

Is Thule Group (STO:THULE) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysartikel Jul 22

Thule Group (STO:THULE) Has Announced A Dividend Of SEK4.75

Thule Group AB (publ) ( STO:THULE ) has announced that it will pay a dividend of SEK4.75 per share on the 10th of...
Analysartikel Jul 20

Analysts Are Updating Their Thule Group AB (publ) (STO:THULE) Estimates After Its Second-Quarter Results

As you might know, Thule Group AB (publ) ( STO:THULE ) last week released its latest quarterly, and things did not turn...
Analysartikel Jul 02

Calculating The Fair Value Of Thule Group AB (publ) (STO:THULE)

Key Insights The projected fair value for Thule Group is kr329 based on 2 Stage Free Cash Flow to Equity Current share...
Analysartikel Jun 20

Thule Group (STO:THULE) Will Pay A Dividend Of SEK4.75

Thule Group AB (publ)'s ( STO:THULE ) investors are due to receive a payment of SEK4.75 per share on 10th of October...
Analysartikel May 25

Thule Group (STO:THULE) Will Pay A Dividend Of SEK4.75

Thule Group AB (publ) ( STO:THULE ) will pay a dividend of SEK4.75 on the 10th of October. This takes the annual...
Analysartikel May 21

The Returns At Thule Group (STO:THULE) Aren't Growing

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysartikel May 09

Thule Group's (STO:THULE) Dividend Will Be SEK4.75

The board of Thule Group AB (publ) ( STO:THULE ) has announced that it will pay a dividend on the 10th of October, with...
Analysartikel May 01

Thule Group AB (publ) (STO:THULE) Just Released Its First-Quarter Earnings: Here's What Analysts Think

Investors in Thule Group AB (publ) ( STO:THULE ) had a good week, as its shares rose 3.3% to close at kr314 following...
Analysartikel Apr 25

Thule Group's (STO:THULE) Upcoming Dividend Will Be Larger Than Last Year's

Thule Group AB (publ)'s ( STO:THULE ) dividend will be increasing from last year's payment of the same period to...
Analysartikel Apr 20

Thule Group AB (publ)'s (STO:THULE) Price Is Out Of Tune With Earnings

When close to half the companies in Sweden have price-to-earnings ratios (or "P/E's") below 21x, you may consider Thule...

Fördelning av intäkter och kostnader

Hur Thule Group tjänar och spenderar pengar. Baserat på senast rapporterade resultat, på rullande tolvmånadersbasis.


Resultat- och intäktshistorik

OM:THULE Intäkter, kostnader och resultat (SEK Millions )
DatumIntäkterIntäkterG+A KostnaderFoU-kostnader
31 Mar 2610,3401,1413,0700
31 Dec 2510,4291,1143,1300
30 Sep 2510,2721,0553,0190
30 Jun 2510,0871,0422,8620
31 Mar 259,7831,0882,6640
31 Dec 249,5411,1222,4580
30 Sep 249,4291,1832,3540
30 Jun 249,3961,1442,3220
31 Mar 249,3261,1242,2880
31 Dec 239,1321,0992,2380
30 Sep 239,2171,0592,2230
30 Jun 239,0459352,1950
31 Mar 239,3301,0232,1690
31 Dec 2210,1381,2752,1570
30 Sep 2210,3331,4452,0710
30 Jun 2210,9661,8241,9940
31 Mar 2210,8821,8701,9030
31 Dec 2110,3861,7901,8370
30 Sep 2110,1451,8001,8070
30 Jun 219,8091,7321,8020
31 Mar 218,6221,3721,7090
31 Dec 207,8281,1661,6410
30 Sep 207,4341,0311,6570
30 Jun 206,6807631,6070
31 Mar 206,9488711,6220
31 Dec 197,0388831,6380
30 Sep 196,9848971,5950
30 Jun 196,8639051,5400
31 Mar 196,7078701,5100
31 Dec 186,4848371,4670
30 Sep 186,3337541,4270
30 Jun 186,1577501,3950
31 Mar 185,9577131,3640
31 Dec 175,8726901,3570
30 Sep 175,8497601,3460
30 Jun 175,7597321,3420
31 Mar 175,5296871,3090
31 Dec 165,3046531,2730
30 Sep 165,3006451,2450
30 Jun 165,3496361,2390
31 Mar 165,3126111,2350
31 Dec 155,3205871,2290
30 Sep 155,2414631,2530
30 Jun 155,0793961,2220

Kvalitetsintäkter: THULE har inkomster av hög kvalitet.

Växande vinstmarginal: THULE s nuvarande netto vinstmarginaler (11%) är lägre än förra året (11.1%).


Fritt kassaflöde vs resultatanalys


Analys av tidigare vinsttillväxt

Resultatutveckling: THULE s intäkter har minskat med 11.3% per år under de senaste 5 åren.

Accelererande tillväxt: THULE s intäktstillväxt under det senaste året ( 4.9% ) överstiger sitt 5-åriga genomsnitt ( -11.3% per år).

Resultat vs industri: THULE vinsttillväxt under det senaste året ( 4.9% ) översteg Leisure branschen 2.4%.


Avkastning på eget kapital

Hög ROE: THULE s avkastning på eget kapital ( 14.6% ) anses vara låg.


Avkastning på tillgångar


Avkastning på sysselsatt kapital


Upptäck starka bolag som tidigare presterat bra

Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2026/05/22 17:32
Aktiekurs vid dagens slut2026/05/22 00:00
Intäkter2026/03/31
Årlig intjäning2025/12/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som användes för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och tutorials på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

Thule Group AB (publ) bevakas av 15 analytiker. 8 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
null nullABG Sundal Collier
Lars TopholmCarnegie Investment Bank AB
Daniel SchmidtDanske Bank