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STOCK COMPARISON

ANTA Sports Products vs Thule Group AB: Fair Value & Quality

Both stocks run through our valuation models. Here is how ANTA Sports Products (2020) and Thule Group AB (THULE) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees ANTA Sports Products as the more attractively valued of the two: ANTA Sports Products trades at HK$71.80 versus a fair value of HK$167 (+132%), while Thule Group AB trades at SEK 199 versus SEK 142 (-29%).
ANTA Sports Products
2020.HK · HKD · Consumer Discretionary
+132%
upside to fair value
undervalued
PriceHK$71.80
Fair ValueHK$167
Quality64/100
Thule Group AB
THULE.ST · SEK · Consumer Discretionary
-29%
upside to fair value
overvalued
PriceSEK 199
Fair ValueSEK 142
Quality63/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

ANTA Sports ProductsThule Group AB
Valuation
13.4×P/E (TTM)18.7×
2.60×P/S (TTM)2.07×
3.25×P/B2.96× · book value is mostly goodwill
10.1×EV/EBITDA13.1×
1.74×PEGn/a
+132.3%Fair value upside−28.7%
3.6%Dividend yield4.2%
HK$2.59Dividend per shareSEK 8.30
Profitability
21%Operating margin16%
0.92×EBIT margin trend (5Y)0.77×
23%Return on equity15%
10%Return on assets7%
Growth
12%Revenue growth (YoY)-3%
14.3%Avg. growth/yr (3Y)0.9%
17.7%Avg. growth/yr (5Y)5.9%
+22.4%Value creation/yr+2.6%
Balance & size
22.9×Interest coverage (EBIT/interest)10.2×
0.18×Debt / equity0.55×
$27BMarket cap$2B
healthyGrowth qualitymixed

ANTA Sports Products leads: 12 to 2 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

ANTA Sports Productsof which business quality 66 · market factors 42 Thule Group ABof which business quality 61 · market factors 36
ProfitabilityMargins and returns on capital today
66
56
Quality GrowthAre margins and returns improving?
38
59
CashflowEarnings quality: real cash, not paper profit
83
45
Fin. StrengthBalance sheet, leverage, solvency risk
78
65
InvestmentDisciplined investing over empire-building
31
83
Low VolatilityCalm price path (market factor)
82
49
MomentumPrice trend over the last 3–12 months (market factor)
32
37
52W MomentumDistance to the 52-week high (market factor)
12
19
Net IssuanceShare count: buybacks or dilution?
75
69

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyANTA Sports ProductsPrice HK$71.80Thule Group ABPrice SEK 199
DCF Models+148%above the priceHK$178-23%below the priceSEK 153
Earnings-Based+45%above the priceHK$104-59%below the priceSEK 81.96
Dividend Discount-43%below the priceHK$40.74n/a
Multiples+33%above the priceHK$95.64-9%close to the priceSEK 181
Asset-Based-78%below the priceHK$15.51-77%below the priceSEK 44.91
Growth DCF+95%above the priceHK$140-50%below the priceSEK 99.66
Economic Profit-11%close to the priceHK$63.63-52%below the priceSEK 94.71
Growth Earnings+99%above the priceHK$143+3%close to the priceSEK 204
Minimum-78%below the priceHK$15.51-77%below the priceSEK 44.91
Maximum+148%above the priceHK$178+3%close to the priceSEK 204
Median+39%above the priceHK$99.98-50%below the priceSEK 99.66
Geometric mean+9%close to the priceHK$78.45-45%below the priceSEK 110

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

ANTA Sports Products: 7 of 26 models see the stock below the current price.

Thule Group AB: 20 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

ANTA Sports Products
Price HK$71.80
Fair Value HK$167
Bear HK$104Bull HK$217
Thule Group AB
Price SEK 199
Fair Value SEK 142
Bear SEK 73.66Bull SEK 232

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

ANTA Sports Products · Consumer Discretionary

Quality score64 · Top 25%
Fair value upside+132% · Top 25%

Thule Group AB · Consumer Discretionary

Quality score63 · Top 25%
Fair value upside-29% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees ANTA Sports Products as the more attractively valued of the two: ANTA Sports Products trades at HK$71.80 versus a fair value of HK$167 (+132%), while Thule Group AB trades at SEK 199 versus SEK 142 (-29%).

ANTA Sports Products has the higher quality score (64/100).

Open ANTA Sports Products live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.