ScoreWhy is Thule Group AB ?
1
High Management Efficiency with a high ROCE of 20.28%
2
Flat results in Jun 26
- OPERATING CASH FLOW(Y) Lowest at SEK 1,571 MM
- DIVIDEND PAYOUT RATIO(Y) Lowest at 0%
- DIVIDEND PER SHARE(HY) Lowest at SEK 5.58
3
With ROE of 14.54%, it has a very expensive valuation with a 3.19 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -21.27%, its profits have risen by 4.8% ; the PEG ratio of the company is 4.6
- At the current price, the company has a high dividend yield of 2102.8
4
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -21.27% returns in the last 1 year, the stock has also underperformed OMX Stockholm 30 in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Thule Group AB should be less than 10%
- Overall Portfolio exposure to Automobiles should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Automobiles)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Thule Group AB for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Thule Group AB
-21.27%
-0.88
37.09%
OMX Stockholm 30
26.99%
1.74
15.47%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
5.90%
EBIT Growth (5y)
0.79%
EBIT to Interest (avg)
24.28
Debt to EBITDA (avg)
1.57
Net Debt to Equity (avg)
0.53
Sales to Capital Employed (avg)
0.93
Tax Ratio
24.30%
Dividend Payout Ratio
80.35%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
17.20%
ROE (avg)
19.17%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
22
Industry P/E
Price to Book Value
3.19
EV to EBIT
17.48
EV to EBITDA
14.34
EV to Capital Employed
2.45
EV to Sales
2.81
PEG Ratio
4.60
Dividend Yield
2102.76%
ROCE (Latest)
14.03%
ROE (Latest)
14.54%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
Bullish
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend8What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -2.19% (YoY
INVENTORY TURNOVER RATIO(HY)
Highest at 3.08 times
NET SALES(Q)
Highest at SEK 3,421 MM
OPERATING PROFIT(Q)
Highest at SEK 847 MM
OPERATING PROFIT MARGIN(Q)
Highest at 24.76 %
PRE-TAX PROFIT(Q)
Highest at SEK 721 MM
NET PROFIT(Q)
Highest at SEK 537 MM
EPS(Q)
Highest at SEK 4.98
-6What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at SEK 1,571 MM
DIVIDEND PAYOUT RATIO(Y)
Lowest at 0%
DIVIDEND PER SHARE(HY)
Lowest at SEK 5.58
INTEREST(Q)
Highest at SEK 45 MM
Here's what is working for Thule Group AB
Net Sales
Highest at SEK 3,421 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (SEK MM)
Operating Profit
Highest at SEK 847 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (SEK MM)
Operating Profit Margin
Highest at 24.76 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at SEK 721 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (SEK MM)
Net Profit
Highest at SEK 537 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (SEK MM)
EPS
Highest at SEK 4.98
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (SEK)
Inventory Turnover Ratio
Highest at 3.08 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Raw Material Cost
Fallen by -2.19% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Thule Group AB
Operating Cash Flow
Lowest at SEK 1,571 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (SEK MM)
Interest
Highest at SEK 45 MM
in the last five periods and Increased by 9.76% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (SEK MM)
Dividend per share
Lowest at SEK 5.58
in the last five yearsMOJO Watch
Company is distributing lower dividend than previous years
DPS (SEK)
Dividend Payout Ratio
Lowest at 0%
in the last five yearsMOJO Watch
Company is distributing lower proportion of profits generated as dividend
DPR (%)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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