Thule Group Financials
| THULE Stock | SEK 344.40 10.00 2.82% |
Thule |
Understanding current and past Thule Group Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Thule Group's financial statements are interrelated, with each one affecting the others. For example, an increase in Thule Group's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Thule Group's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Thule Group AB. Check Thule Group's Beneish M Score to see the likelihood of Thule Group's management manipulating its earnings.
Thule Group Stock Summary
Thule Group competes with MIPS AB, NIBE Industrier, Dometic Group, Husqvarna, and Lifco AB. 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.| Instrument | Sweden Stock View All |
| Exchange | Stockholm Exchange |
| ISIN | SE0006422390 |
| Business Address | Fosievgen 13, Malm, |
| Sector | Leisure Products |
| Industry | Consumer Discretionary |
| Benchmark | Dow Jones Industrial |
| Website | www.thulegroup.com |
| Phone | 46 4 06 35 90 00 |
| Currency | SEK - Swedish Kronor |
You should never invest in Thule Group without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Thule Stock, because this is throwing your money away. Analyzing the key information contained in Thule Group's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Thule Group Key Financial Ratios
There are many critical financial ratios that Thule Group's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Thule Group AB reports annually and quarterly.| Return On Equity | 0.21 | |||
| Return On Asset | 0.0975 | |||
| Target Price | 259.0 | |||
| Beta | 1.2 | |||
| Z Score | 11.8 |
Thule Financial Ratios 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.Thule Group AB Systematic Risk
Thule Group's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Thule Group volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Thule Group AB correlated with the market. If Beta is less than 0 Thule Group generally moves in the opposite direction as compared to the market. If Thule Group Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Thule Group AB is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Thule Group is generally in the same direction as the market. If Beta > 1 Thule Group moves generally in the same direction as, but more than the movement of the benchmark.
Thule Group November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Thule Group help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Thule Group AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of Thule Group AB based on widely used predictive technical indicators. In general, we focus on analyzing Thule Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Thule Group's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.0602 | |||
| Maximum Drawdown | 20.93 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.6 |
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.