Goodwill - Strongpoint ASA (OSE:STRO)

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Price: 10.8 NOK Market Closed

Market Cap: kr484.8m

Strongpoint ASA
Goodwill

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Strongpoint ASA
Goodwill Peer Comparison

Company		Goodwill	CAGR 3Y	CAGR 5Y	CAGR 10Y
	Strongpoint ASA OSE:STRO	Goodwill kr182m	CAGR 3-Years 4%	CAGR 5-Years 4%	CAGR 10-Years 2%
	Next Biometrics Group ASA OSE:NEXT	Goodwill N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
	Airthings ASA OSE:AIRX	Goodwill $0	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
	Norbit ASA OSE:NORBT	Goodwill kr495.1m	CAGR 3-Years 82%	CAGR 5-Years N/A	CAGR 10-Years N/A
X	Xplora Technologies AS OSE:XPLRA	Goodwill kr119m	CAGR 3-Years -11%	CAGR 5-Years N/A	CAGR 10-Years N/A
I	Inin Group AS OSE:ININ	Goodwill kr307.7m	CAGR 3-Years 48%	CAGR 5-Years N/A	CAGR 10-Years N/A

Strongpoint ASA
Glance View

Market Cap

484.8m NOK

Industry

Electrical Equipment

StrongPoint ASA engages in the development, production, integration and marketing of technology solutions. The company is headquartered in Raelingen, Akershus and currently employs 400 full-time employees. The company went IPO on 2001-06-11. The firm offers in-store cash management and payment solutions, electronic shelf labels, self-checkouts, task and labor management software, click & collect temperature-controlled grocery lockers, in-store and drive-thru grocery pickup solutions and, grocery order picking solutions. The group is divided into two business areas. Retail Technology develops and sells technology solutions that aim to streamline store operations, enable E-commerce logistics, and simplify the shopping experience. Labels is involved in the design and production of adhesive labels. The firm operates in over 20 countries.

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Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Strongpoint ASA
OSE:STRO

Strongpoint ASA
Goodwill

Strongpoint ASA
Goodwill Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Strongpoint ASA
Glance View

See Also

What is Strongpoint ASA's Goodwill?

Goodwill
182m NOK

What is Strongpoint ASA's Goodwill growth rate?

Goodwill CAGR 10Y
2%

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Strongpoint ASA OSE:STRO

Strongpoint ASA Goodwill

Strongpoint ASA Goodwill Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Strongpoint ASA Glance View

See Also

What is Strongpoint ASA's Goodwill? Goodwill 182m NOK

What is Strongpoint ASA's Goodwill growth rate? Goodwill CAGR 10Y 2%

Company

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Tools

Stocks

Strongpoint ASA
OSE:STRO

Strongpoint ASA
Goodwill

Strongpoint ASA
Goodwill Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Strongpoint ASA
Glance View

What is Strongpoint ASA's Goodwill?

Goodwill
182m NOK

What is Strongpoint ASA's Goodwill growth rate?

Goodwill CAGR 10Y
2%