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Trades about 5% below its sector, cheaper than its peers on earnings.
Thule Group AB (publ) is a prominent company specializing in sports and outdoor equipment. Its comprehensive product range includes vehicle-mounted solutions such as roof racks, storage boxes, and specialized carriers for bicycles, water sports gear, winter sports equipment, and rooftop tents. For recreational vehicles and caravans, they offer awnings, bike carriers, and dedicated tents. The company also manufactures child transportation items like bike trailers, child seats for bicycles, and strollers. Additionally, their diverse offerings encompass various bags, including luggage, general backpacks, laptop and sport bags, hiking backpacks, camera bags, and protective cases for electronic devices. These goods are primarily marketed under their well-known Thule and Case Logic brands. Operating with a significant global presence, Thule Group conducts business throughout Sweden, the Nordic region, Germany, the broader European continent, the United States, other North American territories, Central and South America, and the Asia-Pacific Rim. The company was established in 1942 and its corporate headquarters are located in Malmö, Sweden.
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Market cap is shares times price. A simple formula that produces wildly unequal numbers: a single US tech name can be worth more than every company on a LATAM exchange combined.
