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Norwegian maker of cube-based robotic warehouse storage and retrieval systems for e-commerce and logistics.
Norwegian maker of cube-based robotic warehouse storage and retrieval systems for e-commerce and logistics.
Makes the grid, robots and software, but sells through integrator partners who design and install the warehouse project and deal with the end customer. After the first install it earns a continuing stream from software, service and spares. SoftBank holds a large stake, and the company listed in Oslo in 2021.
In one line: A Norwegian Kiva Systems/Amazon Robotics competitor.
Moat: narrow (IP / patents, installed base, switching costs). Patented cube-storage design and integrator/partner network create switching costs once installed.
Headquarters: Nedre Vats, Norway · Founded: 1996 · Employees: 1,032
Size AutoStore (AUTO.OL) is a Norway Information Technology company (Packaged Software) with a market value of $5.20B, the 19th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 14.15 on 6 Nov 2026.
Performance Over six months the shares gained 8.4%, against +21.6% for the median peer and +2.7% for the Norway market (cap-weighted) — 8th lowest of 19 in its peer set.
Growth Revenue grew 16.7% over the last twelve months (peer median +13.7%); the operating margin is 33.3% (peer median 15.6%).
Valuation It trades at 27.4× forward earnings against a peer median of 22.4× (6th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.4 points below its cost of capital (10.5% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 6.64B | NOK 5.62B | NOK 6.48B | NOK 6.83B | NOK 5.63B |
| Revenue growth | — | -13% | -5% | +21% | — |
| Gross profit | NOK 2.97B | NOK 2.25B | NOK 3.18B | NOK 3.15B | NOK 2.36B |
| EBITDA | NOK 2.86B | NOK 2.31B | NOK 3.08B | NOK 3.04B | NOK 2.46B |
| Net income | NOK 1.61B | NOK 849M | NOK 1.47B | -NOK 345M | NOK 959M |
| Free cash flow | NOK 1.71B | NOK 702M | NOK 1.15B | NOK 1.21B | NOK 783M |
| Capital expenditure | NOK 541M | NOK 579M | NOK 621M | NOK 545M | NOK 415M |
| Total debt | NOK 1.93B | NOK 2.72B | NOK 5.47B | NOK 4.98B | NOK 4.52B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| AutoStore AUTO.OL | $5.20B | +8% | +17% | 33% | 27.4× | 18.5% |
| Ocado OCDO.L | $3.73B | +77% | -42% | 3% | n/a | 39.1% |
| Kion KGX.DE | $5.05B | -25% | +3% | 6% | 10.4× | n/a |
| Daifuku 6383.T | $10.9B | -33% | +21% | 15% | 18.9× | 14.7% |
| SYM SYM | $22.3B | -30% | +20% | 1% | 101.9× | n/a |
| Kardex KARN.SW | $2.35B | -9% | +3% | 9% | 30.3× | 11.8% |
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.
| Measure | AUTO.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.3% | +4.6% | lowest of 21 |
| 6-month return | +8.4% | +21.6% | 8th lowest of 19 |
| Distance from 52-week high | -19.8% | -28.8% | 8th highest of 21 |
| Revenue growth (TTM) | +16.7% | +13.7% | 9th highest of 21 |
| Operating margin | 33.3% | 15.6% | 4th highest of 21 |
| Forward P/E | 27.4× | 22.4× | 6th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 18.5% | 7.5% | 5th most demanding of 16 |
| Growth delivered (Del g) | +27.0% | +16.0% | 5th highest of 16 |
| Hurdle (Req g minus delivered) | -8.5 pp | -8.7 pp | 8th most demanding of 16 |
| ROIC minus cost of capital | -0.4 pp | +1.0 pp | 8th lowest of 19 |
| EV / EBITDA | 17.2× | 16.5× | 6th cheapest of 11 |
| Net debt / EBITDA | 0.3× | -0.4× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AutoStore AUTO.OL | Norway | $5.20B | +8% | +17% | 33% | 27.4× | 18.5% | +27.0% |
| BlackBerry BB.TO | Canada | $5.16B | +48% | +14% | 16% | 40.8× | 33.6% | -8.6% |
| Mphasis MPHASIS.NS | India | $5.15B | +15% | +14% | 15% | 22.4× | 28.7% | +10.6% |
| Lumine LMN.V | Canada | $5.14B | +38% | +15% | 21% | 18.1× | 15.6% | +36.8% |
| iSoftStone Information Technology (Group) 301236.SZ | China | $5.13B | -16% | +13% | 0% | 105.2× | n/a | n/a |
| 37 Interactive Entertainment Network Technology 002555.SZ | China | $5.29B | -24% | -10% | 14% | 14.2× | 5.0% | +2.1% |
| Baige Online Digital Technology 2672.HK | Hong Kong | $5.07B | n/a | +34% | -3% | n/a | n/a | n/a |
| Sezzle SEZL | United States | $5.05B | +146% | +43% | 40% | 22.4× | 28.8% | +50.3% |
| Trend Micro 4704.T | Japan | $5.39B | +18% | +7% | 18% | 27.4× | -4.1% | +9.7% |
| Beijing HyperStrong Technology 688411.SS | China | $4.99B | -29% | +38% | 12% | 16.7× | n/a | n/a |
| Waystar WAY | United States | $5.45B | +33% | +21% | 24% | 15.8× | 7.5% | +16.0% |
| Kingnet Network 002517.SZ | China | $5.47B | -4% | +62% | 29% | 13.7× | 6.3% | +28.1% |
| Asseco Poland ACP.WA | Poland | $4.85B | +31% | +2% | 11% | 23.5× | 4.0% | +6.6% |
| Octave Intelligence OCTV | United States | $5.60B | n/a | +1% | 20% | 14.7× | 17.0% | +1.3% |
| Giant Network 002558.SZ | China | $5.61B | -35% | +105% | 48% | 10.0× | -2.1% | +17.9% |
| Varonis Systems VRNS | United States | $5.63B | +71% | +18% | -25% | 138.0× | 23.0% | +16.3% |
| Shanghai Stonehill Technology 002195.SZ | China | $4.77B | -34% | +11% | -25% | 284.5× | n/a | n/a |
| OBIC Business Consultants 4733.T | Japan | $4.74B | +62% | +12% | 47% | 36.1× | 3.2% | +11.9% |
| Yonyou Network Technology 600588.SS | China | $4.72B | -21% | +4% | -16% | n/a | n/a | n/a |
| Doximity DOCS | United States | $5.79B | +25% | +11% | 31% | 23.3× | 16.3% | +25.5% |
| Klaviyo KVYO | United States | $5.90B | +36% | +29% | -2% | 19.7× | 7.0% | +37.7% |