Switch theme
Sign up to access all valuation multiples
Thule Group AB is a manufacturer of sports and outdoor products. It develops and manufactures premium products that facilitate an active outdoor life. Its product categories; Sport&Cargo Carriers (roof racks, roof boxes, and carriers for transporting cycling, water, and winter sports equipment, and rooftop tents mounted on a car), Juvenile & Pet Products (strollers, bike trailers, and child bike seats), RV Products (awnings, bike carriers and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage, and camera bags). It has two operating segments: Region Europe and ROW, and Region Americas. Geographic markets: Sweden, Other Nordic countries, Germany, Other Europe, the USA, Other North America, Central/South America, Asia/Pacific Rim, and the Rest of the world.
1942
2.9K+
LTM Revenue $994M
LTM EBITDA $193M
$3.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Thule has a last 12-month revenue of $994M and a last 12-month EBITDA of $193M.
In the most recent fiscal year, Thule achieved revenue of $947M and an EBITDA of $188M.
Thule expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Thule valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $907M | $947M | XXX | XXX | XXX |
| Gross Profit | $383M | $371M | XXX | XXX | XXX |
| Gross Margin | 42% | 39% | XXX | XXX | XXX |
| EBITDA | $186M | $188M | XXX | XXX | XXX |
| EBITDA Margin | 21% | 20% | XXX | XXX | XXX |
| Net Profit | $127M | $109M | XXX | XXX | XXX |
| Net Margin | 14% | 12% | XXX | XXX | XXX |
| Net Debt | $262M | $180M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of April 15, 2025, Thule's stock price is SEK 254 (or $25).
Thule has current market cap of SEK 27.3B (or $2.7B), and EV of SEK 31.3B (or $3.1B).
See Thule trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.1B | $2.7B | XXX | XXX | XXX | XXX | $1.17 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Sign UpAs of April 15, 2025, Thule has market cap of $2.7B and EV of $3.1B.
Thule's trades at 3.1x LTM EV/Revenue multiple, and 16.1x LTM EBITDA.
Analysts estimate Thule's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Thule and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $3.1B | XXX | XXX | XXX |
| EV/Revenue | 3.3x | XXX | XXX | XXX |
| EV/EBITDA | 16.5x | XXX | XXX | XXX |
| P/E | 24.4x | XXX | XXX | XXX |
| P/E/Growth | 1.0x | XXX | XXX | XXX |
| EV/FCF | 15.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpThule's NTM/LTM revenue growth is 14%
Thule's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Thule's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Thule's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Thule and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 34% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 21% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 27% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Cambuci | XXX | XXX | XXX | XXX | XXX | XXX |
| Knaus Tabbert | XXX | XXX | XXX | XXX | XXX | XXX |
| Alumexx | XXX | XXX | XXX | XXX | XXX | XXX |
| HanseYachts | XXX | XXX | XXX | XXX | XXX | XXX |
| Harvia | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Thule acquired XXX companies to date.
Last acquisition by Thule was XXXXXXXX, XXXXX XXXXX XXXXXX . Thule acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Sign Up| When was Thule founded? | Thule was founded in 1942. |
| Where is Thule headquartered? | Thule is headquartered in Sweden. |
| How many employees does Thule have? | As of today, Thule has 2.9K+ employees. |
| Who is the CEO of Thule? | Thule's CEO is Mr. Mattias Ankarberg. |
| Is Thule publicy listed? | Yes, Thule is a public company listed on STO. |
| What is the stock symbol of Thule? | Thule trades under THULE ticker. |
| When did Thule go public? | Thule went public in 2014. |
| Who are competitors of Thule? | Similar companies to Thule include e.g. Cambuci, Knaus Tabbert, Alumexx, HanseYachts. |
| What is the current market cap of Thule? | Thule's current market cap is $2.7B |
| What is the current revenue of Thule? | Thule's last 12-month revenue is $994M. |
| What is the current EBITDA of Thule? | Thule's last 12-month EBITDA is $193M. |
| What is the current EV/Revenue multiple of Thule? | Current revenue multiple of Thule is 3.1x. |
| What is the current EV/EBITDA multiple of Thule? | Current EBITDA multiple of Thule is 16.1x. |
| What is the current revenue growth of Thule? | Thule revenue growth between 2023 and 2024 was 4%. |
| Is Thule profitable? | Yes, Thule is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
