High-Margin Fulfillment Automation Leader That the Market is Mispricing

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Company Overview

AutoStore (OSE:AUTO) is an innovative robotics company and a pioneer in the field of cubic storage automation, which operates in the rapidly growing fulfillment warehouse automation industry. AutoStore develops order-fulfillment solutions to help businesses achieve efficiency gains with the storage and retrieval of goods. The AutoStore System consists of an aluminum grid, robots, bins, ports and a controller. Driven by proprietary software, robots ride on rails along the top of the grid, retrieving bins as needed, bringing them to ports where operators pack orders. This solution provides better use of available space by direct stacking of bins on top of each other and storage of multiple SKUs in a single bin. Over time, the system naturally learns which products have a higher rotation, storing them on the top layer to ensure faster picking times. AutoStore has seen broad adoption from over 1,000 unique customers across a growing number of verticals. AutoStore is traded on the Oslo exchange under the ticker AUTO.OL and is headquartered in Norway.

Below is an overview video of AutoStore’s cubic storage automation solution.

Below we present our updated core investment thesis on AutoStore, reflecting our latest analysis of the company's growth trajectory and overall profitability outlook. We include access to our downloadable 5-year financial model and our latest price target assessment.