Thule Group AB Unsponsored ADR stock analysis
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Thule Group AB Unsponsored ADR (THUPY) Stock Price & Analysis
THUPY Stock Chart & Stats
- Day’s Range
- $10.73 - $10.73
- 52-Week Range
- $9.31 - $13.94
- Previous Close
- $10.83
- Volume
- N/A
- Average Volume (3M)
- 10
- Market Cap
- $2.32B
- Enterprise Value
- $2.50B
- Total Cash (Recent Filing)
- $944.74M
- Total Debt (Recent Filing)
- $4.49B
- Price to Earnings (P/E)
- 18.6
- Beta
- 0.98
- Next Earnings
- Feb 10, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Oct 05, 2026
- Dividend Yield
- 3.74%
Bulls Say, Bears Say
Bulls Say
Organic Growth And Margin Expansion
Repeated organic growth alongside higher EBIT margins indicates improving operating execution rather than a single-quarter benefit. Continued profitability gains can strengthen internal funding, support investment in innovation, and improve resilience across Thule’s product portfolio over the next several quarters.
Category Innovation And Portfolio Expansion
Strong growth in Active with Kids & Dogs, supported by new products and the curli acquisition, broadens Thule’s earnings base beyond vehicle carriers. Expansion into attractive Champion categories and adjacent outdoor products can support durable growth and reduce reliance on mature lines.
Cash Flow And Deleveraging
Healthy operating cash generation and lower net debt demonstrate capacity to fund operations while improving financial flexibility. Deleveraging reduces balance-sheet strain and gives Thule greater room to invest in capacity, product development, and strategic growth as conditions change.
Bears Say
Higher Leverage And Uneven Cash Conversion
Leverage is materially above the low levels seen in 2021–2023, while cash conversion has weakened versus 2023–2024. This combination can constrain capital allocation and make earnings less dependable if working-capital needs rise or demand softens.
Persistent RV Market Weakness
A prolonged decline in motorhome and caravan registrations is directly affecting Thule’s RV-related sales and dealer channel. Continued weakness, particularly during an RV-heavy quarter, can weigh on near-term growth and delay recovery in an established product area.
Underlying Gross-Margin Pressure
Underlying gross-margin pressure shows that reported profitability benefited from a non-recurring tariff refund while input and freight costs remained elevated. Price increases had not fully offset inflation in Q3, creating a risk that margin gains will be harder to sustain.
Thule Group AB Unsponsored ADR News
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Thule Group AB Unsponsored ADR Stock Smart Score
Company Description
Thule Group AB Unsponsored ADR
Thule Group AB (publ) is a prominent company specializing in sports and outdoor equipment. Their extensive product portfolio includes vehicle-mounted solutions such as roof racks, cargo boxes, and specialized carriers for bicycles, water sports gear, and winter sports equipment, alongside innovative rooftop tents. For recreational vehicles and caravans, Thule provides awnings, bike transport systems, and compatible tents. The company also caters to families with products like bike trailers, child bike seats, and various strollers. Furthermore, their offerings extend to personal carrying solutions, including a wide array of luggage, general backpacks, specialized laptop and sports bags, hiking backpacks, camera bags, and protective cases for consumer electronics. These products are primarily marketed and sold under their flagship Thule brand, as well as the Case Logic brand. Thule Group maintains a significant global presence, with operations spanning its home country of Sweden, other Nordic nations, Germany, and the broader European continent. Beyond Europe, they serve markets across the United States, the wider North American region, Central and South America, and the Asia/Pacific Rim, truly operating on an international scale. Established in 1942, Thule Group AB (publ) is headquartered in Malmö, Sweden.
- Sector
- Consumercyclical
- Industry
- Leisure
- CEO
- Mattias Ankarberg
- Employees
- 2,880
- Website
- www.thulegroup.com
- Address
- Dockgatan 1, Malmö, SN, 211 12, SE
Thule Group AB Unsponsored ADR (THUPY) Earnings & Revenues
THUPY Company Deck
THUPY Earnings Call
Earnings Call SentimentPositive
The call was predominantly positive. Thule reported three consecutive quarters of organic growth, improved profitability, strong cash flow, deleveraging, progress toward its financial targets, and accelerating growth in Active with Kids & Dogs. These positives were partly offset by a declining RV market, continued North American and retailer weakness, underlying gross-margin pressure from materials and freight costs, and phasing-related weakness in Bags & Mounts. Overall, the highlights significantly outweighed the lowlights.
View all THUPY earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 10 | 6 | 6 |
| Technical Analysis | 3 | 6 | 1 |
| Moving Averages | 7 | 0 | 5 |









