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← CockpitCompetitor Analysis › THEP.PA Thermador GroupeOpen in the cockpit ↗

Thermador GroupeTHEP.PACompetitor analysis, valuation and peers

France · EUR·Industrials›Wholesale Distributors
Momentum weak 22
Mkt cap
$646M
US dollars, full cap
Free float
67%
of shares outstanding
$/day
$424,222
20-day average traded
Fwd P/E
11.7×
forward earnings
ROIC−WACC
+3.6 pp
WACC 9.7%
Hurdle
-7 pp
Req g minus delivered
Next earnings
108 days
22 Feb 2027
Close · EUR€62.60
1D-1.3%
1W+3.8%
1M-3.7%
3M-20.6%
6M-8.8%
YTD-19.2%
1Y-15.9%
ATR %2.3%
52w lowhigh23.6% off high

What Thermador Groupe does

Employees: 903

Thermador Groupe at a glance

Size Thermador Groupe (THEP.PA) is a France Industrials company (Wholesale Distributors) with a market value of $646M, the 160th largest of 206 France companies the cockpit tracks. Shares closed at €62.60 on 6 Nov 2026.

Performance Over six months the shares fell 8.8%, against -7.2% for the median peer and -0.4% for the France market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 8.1% over the last twelve months (peer median +4.7%); the operating margin is 12.2% (peer median 4.7%).

Valuation It trades at 11.7× forward earnings against a peer median of 15.6× (3rd cheapest of 15).

Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -7 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 3.6 points above its cost of capital (9.7% WACC).

Next results Next results expected around 22 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026Peer median 94THEP.PA 92
Six months, rebased to 100: Thermador Groupe against the median of its 20 peers (local-currency closes).

Thermador Groupe financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€531M€502M€504M€581M€554M
Revenue growth—0%-13%+5%—
Gross profit€69.8M€64.0M€65.6M€86.8M€84.1M
EBITDA€76.6M€71.2M€71.4M€91.4M€87.8M
Net income€48.0M€44.1M€44.7M€58.3M€58.9M
Free cash flow€70.6M€63.6M€70.2M€48.9M€14.1M
Capital expenditure€8.94M€5.70M€4.06M€7.66M€11.0M
Total debtn/a€51.7M€34.0M€46.9M€53.1M

Quarterly statements and history in the cockpit →

Thermador Groupe competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%-20%0%+20%MMGR-B688320DBM81596033258125001316000652ADENMTG603353301052ALLIGO-B80616010618117VSLSGLLV300022THEP.PA6-month return →1-month return →
Up and to the right = strong over both horizons. Thermador Groupe is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%+40%20×40×MMGR-B688320DBM8159001316ADENMTG3010528061601061VSLSGLLVTHEP.PARevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Thermador Groupe is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%MMGR-BDBM81598125001316ADENMTG6010618117VSLSGLLV300022THEP.PAGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Thermador Groupe is the large dot.

Thermador Groupe competitors and peer comparison

How Thermador Groupe compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Thermador Groupe against its 20 peers (data as of 6 Nov 2026)
MeasureTHEP.PAPeer medianRank in peer set
1-month return-3.7%-2.8%10th lowest of 21
6-month return-8.8%-7.2%11th highest of 21
Distance from 52-week high-23.6%-24.5%11th highest of 21
Revenue growth (TTM)+8.1%+4.7%8th highest of 21
Operating margin12.2%4.7%4th highest of 21
Forward P/E11.7×15.6×3rd cheapest of 15
Growth the price implies (Req g, 7 yrs)-2.4%1.3%4th least demanding of 15
Growth delivered (Del g)+4.9%+10.3%4th lowest of 15
Hurdle (Req g minus delivered)-7.3 pp-10.5 pp7th most demanding of 15
ROIC minus cost of capital+3.6 pp-1.0 pp4th highest of 21
EV / EBITDA6.8×8.1×3rd cheapest of 11
Net debt / EBITDA-0.7×1.3×3rd least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Thermador Groupe THEP.PAFrance$646M-9%+8%12%11.7×-2.4%+4.9%
Momentum MMGR-B.STSweden$650M+14%+6%10%29.4×3.8%+21.2%
Zhejiang He Chuan Technology 688320.SSChina$638M-15%+45%-10%46.2×n/an/a
Doman Building Materials DBM.TOCanada$633M-1%+2%5%13.6×2.0%+14.1%
Tachibana Eletech 8159.TJapan$629M+43%+10%4%12.2×3.0%+7.1%
Shanghai Bloom Technology 603325.SSChina$628M-19%-34%14%n/an/an/a
Wakita & 8125.TJapan$621M+4%+4%6%n/a0.1%+4.7%
Lubair Aviation Technology 001316.SZChina$672M-25%+32%20%17.5×-0.8%+11.0%
Tianjin TEDA Resources Recycling 000652.SZChina$683M-27%-66%3%n/an/an/a
ADENTRA ADEN.TOCanada$610M+2%+1%4%9.1×-0.4%+20.3%
Meier Tobler MTG.SWSwitzerland$610M+41%+2%4%22.6×5.5%+0.4%
Hunan Heshun Petroleum 603353.SSChina$684M-38%-10%-2%n/an/an/a
Guomai Culture & Media 301052.SZChina$603M+26%-34%-19%29.4×n/an/a
Alligo ALLIGO-B.STSweden$600M-15%+5%6%13.2×0.5%+9.7%
CITIC Niya Wine 600084.SSChina$701M-22%+5%-17%n/an/an/a
Seika 8061.TJapan$594M-13%+12%8%12.2×4.2%+8.6%
CITIC Metal 601061.SSChina$706M-32%+19%1%12.4×-22.1%+13.0%
Central Automotive Products 8117.TJapan$716M+7%+14%24%11.2×-3.4%+11.1%
Vulcan Steel VSL.AXAustralia$573M-1%+15%6%26.1×16.3%+8.0%
Ricegrowers SGLLV.AXAustralia$730M+24%-2%6%19.8×-4.4%+12.0%
Gifore Agricultural Science & Technology Service 300022.SZChina$571M-21%+8%0%n/a39.8%+2.1%

Questions

Which companies are Thermador Groupe's closest peers?
The cockpit's peer set: Momentum (MMGR-B.ST), Zhejiang He Chuan Technology (688320.SS), Doman Building Materials (DBM.TO), Tachibana Eletech (8159.T), Shanghai Bloom Technology (603325.SS), Wakita & (8125.T), Lubair Aviation Technology (001316.SZ), Tianjin TEDA Resources Recycling (000652.SZ).
Is Thermador Groupe expensive compared with its peers?
On forward p/e it trades at 11.7× against a peer median of 15.6×, 3rd cheapest of 15 in its peer set. For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -7 pp: the price already allows for a slowdown.
How has Thermador Groupe stock performed?
Over six months to 6 Nov 2026 the shares returned -8.8% against -7.2% for the median peer; over one year -15.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.