THULE GROUP AB |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 302.8 SEK | +0.87% |
|
+2.37% | +10.31% |
| Apr. 26 | Thule Group AB Announces Board Appointments | CI |
| Apr. 26 | Thule Group AB Approves Dividend for the Year 2023, Payable on 6 May 2024 and 10 October 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 22,293 | 32,163 | 57,300 | 22,763 | 29,024 | 32,016 | - | - |
| Enterprise Value (EV) 1 | 24,412 | 32,547 | 58,767 | 25,631 | 31,030 | 33,814 | 33,300 | 32,675 |
| P/E ratio | 25.3 x | 27.4 x | 32.3 x | 18 x | 26.3 x | 24.3 x | 21 x | 18.9 x |
| Yield | - | 5.04% | 2.37% | 4.23% | 3.46% | 3.26% | 3.56% | 3.89% |
| Capitalization / Revenue | 3.17 x | 4.11 x | 5.52 x | 2.25 x | 3.18 x | 3.21 x | 3.04 x | 2.83 x |
| EV / Revenue | 3.47 x | 4.16 x | 5.66 x | 2.53 x | 3.4 x | 3.39 x | 3.17 x | 2.89 x |
| EV / EBITDA | 17.7 x | 18.7 x | 23.6 x | 13.4 x | 17.6 x | 16.5 x | 14.1 x | 12.7 x |
| EV / FCF | 27.6 x | 22.5 x | 94 x | 148 x | 19.4 x | 20.1 x | 21.6 x | 20.9 x |
| FCF Yield | 3.62% | 4.44% | 1.06% | 0.67% | 5.15% | 4.99% | 4.63% | 4.79% |
| Price to Book | 5.15 x | 6.12 x | 9.85 x | 3.47 x | 4.21 x | 4.48 x | 3.99 x | 3.84 x |
| Nbr of stocks (in thousands) | 103,209 | 104,562 | 104,562 | 104,562 | 105,733 | 105,733 | - | - |
| Reference price 2 | 216.0 | 307.6 | 548.0 | 217.7 | 274.5 | 302.8 | 302.8 | 302.8 |
| Announcement Date | 2/12/20 | 2/10/21 | 2/9/22 | 2/10/23 | 2/9/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,038 | 7,828 | 10,386 | 10,138 | 9,132 | 9,980 | 10,521 | 11,316 |
| EBITDA 1 | 1,383 | 1,737 | 2,493 | 1,906 | 1,763 | 2,050 | 2,359 | 2,566 |
| EBIT 1 | 1,245 | 1,593 | 2,341 | 1,706 | 1,505 | 1,777 | 2,084 | 2,289 |
| Operating Margin | 17.69% | 20.35% | 22.54% | 16.83% | 16.48% | 17.81% | 19.81% | 20.23% |
| Earnings before Tax (EBT) 1 | 1,146 | 1,527 | 2,303 | 1,647 | 1,420 | 1,702 | 2,003 | 2,220 |
| Net income 1 | 883 | 1,166 | 1,790 | 1,275 | 1,099 | 1,310 | 1,541 | 1,706 |
| Net margin | 12.55% | 14.9% | 17.23% | 12.58% | 12.03% | 13.13% | 14.65% | 15.07% |
| EPS 2 | 8.550 | 11.21 | 16.95 | 12.12 | 10.44 | 12.44 | 14.44 | 16.05 |
| Free Cash Flow 1 | 883 | 1,444 | 625 | 173 | 1,599 | 1,686 | 1,541 | 1,565 |
| FCF margin | 12.55% | 18.45% | 6.02% | 1.71% | 17.51% | 16.89% | 14.65% | 13.83% |
| FCF Conversion (EBITDA) | 63.85% | 83.13% | 25.07% | 9.08% | 90.7% | 82.26% | 65.32% | 60.99% |
| FCF Conversion (Net income) | 100% | 123.84% | 34.92% | 13.57% | 145.5% | 128.66% | 100.01% | 91.76% |
| Dividend per Share 2 | - | 15.50 | 13.00 | 9.200 | 9.500 | 9.875 | 10.77 | 11.77 |
| Announcement Date | 2/12/20 | 2/10/21 | 2/9/22 | 2/10/23 | 2/9/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,846 | 3,034 | 3,314 | 2,139 | 1,651 | 2,226 | 3,029 | 2,311 | 1,566 | 2,420 | 3,343 | 2,551 | 1,763 |
| EBITDA 1 | 232 | 738 | 865 | 243 | 59 | 441 | 776 | 427 | 119 | 479 | 850 | 543 | 168 |
| EBIT 1 | 190 | 692 | 817 | 193 | 4 | 382 | 711 | 359 | 53 | 412 | 782 | 480 | 100 |
| Operating Margin | 10.29% | 22.81% | 24.65% | 9.02% | 0.24% | 17.16% | 23.47% | 15.53% | 3.38% | 17.02% | 23.39% | 18.82% | 5.67% |
| Earnings before Tax (EBT) 1 | 180 | 682 | 806 | 177 | -17 | 358 | 702 | 329 | 31 | 393 | 762 | 461 | 82 |
| Net income 1 | 154 | 527 | 626 | 137 | -16 | 275 | 539 | 262 | 24 | 300 | 617.6 | 340.9 | 59.57 |
| Net margin | 8.34% | 17.37% | 18.89% | 6.4% | -0.97% | 12.35% | 17.79% | 11.34% | 1.53% | 12.4% | 18.47% | 13.37% | 3.38% |
| EPS 2 | 1.460 | 4.990 | 5.950 | 1.310 | -0.1500 | 2.620 | 5.140 | 2.470 | 0.2300 | 2.830 | 5.953 | 3.594 | 0.5406 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/9/22 | 4/26/22 | 7/21/22 | 10/27/22 | 2/10/23 | 4/27/23 | 7/19/23 | 10/27/23 | 2/9/24 | 4/26/24 | - | - | - |
1SEK in Million2SEK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,119 | 384 | 1,467 | 2,868 | 2,006 | 1,798 | 1,284 | 659 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.532 x | 0.2211 x | 0.5884 x | 1.505 x | 1.138 x | 0.8774 x | 0.5444 x | 0.2568 x |
| Free Cash Flow 1 | 883 | 1,444 | 625 | 173 | 1,599 | 1,686 | 1,541 | 1,565 |
| ROE (net income / shareholders' equity) | 21.2% | 24.3% | 32.3% | 20.6% | 15.1% | 18.4% | 20.2% | 21.4% |
| ROA (Net income/ Total Assets) | 11.1% | 13.9% | 19.2% | 11.7% | 9.71% | 11.7% | 13.4% | 14.2% |
| Assets 1 | 7,991 | 8,367 | 9,320 | 10,935 | 11,322 | 11,172 | 11,467 | 12,006 |
| Book Value Per Share 2 | 42.00 | 50.20 | 55.60 | 62.70 | 65.20 | 67.60 | 75.80 | 78.80 |
| Cash Flow per Share 2 | 9.970 | 15.50 | 10.80 | 5.890 | 17.60 | 18.10 | 20.00 | 18.70 |
| Capex 1 | 147 | 170 | 503 | 443 | 251 | 227 | 291 | 326 |
| Capex / Sales | 2.09% | 2.17% | 4.84% | 4.37% | 2.75% | 2.27% | 2.77% | 2.88% |
| Announcement Date | 2/12/20 | 2/10/21 | 2/9/22 | 2/10/23 | 2/9/24 | - | - | - |
1SEK in Million2SEK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
302.8
SEK
Average target price
312
SEK
Spread / Average Target
+3.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.31% | 2.92B | |
| +6.28% | 8.03B | |
| -1.98% | 5.07B | |
| +2.97% | 2.61B | |
| -16.34% | 2.78B | |
| -3.12% | 2.27B | |
| +28.26% | 1.77B | |
| +3.15% | 1.49B | |
| +35.33% | 1.62B | |
| -22.93% | 1.43B |
- Stock Market
- Equities
- THULE Stock
- Financials Thule Group AB
