Thule Financial Statements From 2010 to 2024
| THULE Stock | SEK 350.80 12.20 3.60% |
Check Thule Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thule Group's main balance sheet or income statement drivers, such as , as well as many indicators such as . Thule financial statements analysis is a perfect complement when working with Thule Group Valuation or Volatility modules.
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Thule Group AB Company Return On Equity Analysis
Thule Group's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Thule Group Return On Equity | 0.21 |
Most of Thule Group's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Thule Group AB is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Thule Group AB has a Return On Equity of 0.2062. This is 94.27% lower than that of the Leisure Products sector and 133.8% lower than that of the Consumer Discretionary industry. The return on equity for all Sweden stocks is 166.52% lower than that of the firm.
Thule Group AB Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Thule Group's current stock value. Our valuation model uses many indicators to compare Thule Group value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Thule Group competition to find correlations between indicators driving Thule Group's intrinsic value. More Info.Thule Group AB is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about 0.47 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Thule Group AB is roughly 2.11 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Thule Group's earnings, one of the primary drivers of an investment's value.About Thule Group Financial Statements
Thule Group shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Thule Group investors may analyze each financial statement separately, they are all interrelated. The changes in Thule Group's assets and liabilities, for example, are also reflected in the revenues and expenses on on Thule Group's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Thule Group AB operates in the sports and outdoor sector worldwide. Thule Group AB was founded in 1942 and is headquartered in Malm, Sweden. Thule Group operates under Sports Equipment Manufacturers And Retailers classification in Sweden and is traded on Stockholm Stock Exchange. It employs 2300 people.
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Additional Tools for Thule Stock Analysis
When running Thule Group's price analysis, check to measure Thule Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thule Group is operating at the current time. Most of Thule Group's value examination focuses on studying past and present price action to predict the probability of Thule Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thule Group's price. Additionally, you may evaluate how the addition of Thule Group to your portfolios can decrease your overall portfolio volatility.