Thule Group AB (publ)
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-117.9347.0033.5429.0926.9726.0528.9632.3917.5113.0330.0526.97
Price/Sales ratio
3.513.924.043.503.483.264.315.582.201.563.843.48
Price/Book Value ratio
5.566.465.925.935.625.316.429.973.402.094.995.31
Price/Cash Flow ratio
46.5031.5225.8221.1537.2622.3420.9251.4036.247.7416.1522.34
Price/Free Cash Flow ratio
90.7137.0630.3124.8352.8826.4723.4393.37129.818.9518.7726.47
Price/Earnings Growth ratio
0.42-0.120.658.121.584.800.920.61-0.600.180.024.80
Dividend Yield
N/A0.95%1.11%5.41%2.74%3.14%N/A2.79%6.08%6.75%2.95%2.74%
Profitability Indicator Ratios
Gross Profit Margin
39.03%38.55%40.22%41.16%40.49%40.18%41.24%40.05%38.06%40.92%41.98%40.49%
Operating Profit Margin
12.76%15.50%17.05%18.17%17.93%16.98%20.32%22.53%16.82%16.48%17.09%16.98%
Pretax Profit Margin
5.85%14.37%16.41%17.28%17.18%16.28%19.50%22.17%16.24%15.54%16.21%16.28%
Net Profit Margin
-2.98%8.34%12.04%12.04%12.90%12.54%14.89%17.23%12.57%12.03%12.54%12.54%
Effective Tax Rate
27.27%23.26%26.60%32.01%24.86%22.94%23.64%22.27%22.64%22.60%22.69%22.94%
Return on Assets
-2.01%6.43%8.57%9.70%10.87%10.65%13.80%17.56%10.91%10.02%10.22%10.65%
Return On Equity
-4.72%13.75%17.66%20.39%20.86%20.39%22.19%30.77%19.45%16.04%16.58%20.39%
Return on Capital Employed
10.63%13.99%14.54%17.53%17.75%16.73%23.24%29.29%16.91%15.85%17.12%16.73%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.87N/A
Quick Ratio
0.741.061.331.090.880.981.060.590.760.921.110.88
Cash ratio
0.080.270.580.480.160.230.440.060.110.060.390.16
Days of Sales Outstanding
58.6441.8537.9836.0536.8737.7036.2231.4127.0733.73N/A37.70
Days of Inventory outstanding
101.4280.6189.7886.52101.9894.6984.76147.14181.88155.60108.96101.98
Operating Cycle
160.06122.46127.77122.57138.85132.40120.99178.56208.96189.34108.96132.40
Days of Payables Outstanding
63.4050.1356.8054.8253.3545.8752.3861.9633.4843.9040.0345.87
Cash Conversion Cycle
96.6672.3370.9667.7485.5086.5368.61116.60175.48145.4368.9286.53
Debt Ratios
Debt Ratio
0.380.340.310.310.280.260.110.140.240.170.130.26
Debt Equity Ratio
0.890.730.640.660.530.500.170.240.430.280.210.50
Long-term Debt to Capitalization
0.440.420.390.390.340.330.140.190.300.210.170.33
Total Debt to Capitalization
0.470.420.390.390.340.330.150.190.300.220.170.33
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A62N/A
Cash Flow to Debt Ratio
0.130.280.350.420.280.461.700.780.210.951.450.28
Company Equity Multiplier
2.342.132.062.101.911.911.601.751.781.601.621.91
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.070.120.150.160.090.140.200.100.060.200.230.09
Free Cash Flow / Operating Cash Flow Ratio
0.510.850.850.850.700.840.890.550.270.860.870.70
Cash Flow Coverage Ratio
0.130.280.350.420.280.461.700.780.210.951.450.28
Short Term Coverage Ratio
1.2350.9231.3544.1831.8985.8347.4780.572250N/A85.83
Dividend Payout Ratio
N/A45.04%37.42%157.42%73.95%81.88%N/A90.55%106.58%87.98%83.43%73.95%