NEL (Nel ASA) vs Oslo OBX Comparison

NEL

Oslo OBX

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NEL

Oslo OBX

Difference

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NEL

Oslo OBX

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Oslo OBX

NEL

ENR

6503

600406

CXGH

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Nel ASA
Glance View

Market Cap

5B NOK

Industry

Electrical Equipment

NEL ASA operates as a hydrogen company, which provides solutions to produce, store and distribute hydrogen from renewable energy. The company is headquartered in Oslo, Oslo and currently employs 486 full-time employees. The company went IPO on 2004-08-27. The firm delivers solutions to produce, store and distribute hydrogen from renewable energy. Nel ASA serves industries, energy and gas companies with hydrogen technology. The Company’s hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing fuel cell electric vehicles with the same fueling and long range as conventional vehicles. The Company’s subsidiaries are: H2 Logic A/S in Denmark; Hyme AS, Nel Fuel AS, New Nel Hydrogen Holding AS and RotoBoost H2 AS in Norway, as well as Proton Energy Systems Inc based in the United States.

View NEL Analysis

NEL Intrinsic Value

What is Intrinsic Value?

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.

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JP		Mitsubishi Electric Corp TSE:6503	Add
CN		NARI Technology Co Ltd SSE:600406	Add
CN	G	Goldwind Science & Technology Co Ltd XMUN:CXGH	Add
IN		ABB India Ltd NSE:ABB	Add
DK		Vestas Wind Systems A/S CSE:VWS	Add
CN		Shanghai Electric Group Co Ltd SSE:601727	Add
CN	H	Hangzhou Steam Turbine Co Ltd SZSE:200771	Add
KR		Hyundai Electric & Energy Systems Co Ltd KRX:267260	Add
IN		Suzlon Energy Ltd NSE:SUZLON	Add

DE		Siemens Energy AG XETRA:ENR	Select
JP		Mitsubishi Electric Corp TSE:6503	Select
CN		NARI Technology Co Ltd SSE:600406	Select
CN	G	Goldwind Science & Technology Co Ltd XMUN:CXGH	Select
IN		ABB India Ltd NSE:ABB	Select
DK		Vestas Wind Systems A/S CSE:VWS	Select
CN		Shanghai Electric Group Co Ltd SSE:601727	Select
CN	H	Hangzhou Steam Turbine Co Ltd SZSE:200771	Select
KR		Hyundai Electric & Energy Systems Co Ltd KRX:267260	Select
IN		Suzlon Energy Ltd NSE:SUZLON	Select

DE		Siemens Energy AG XETRA:ENR	Add
JP		Mitsubishi Electric Corp TSE:6503	Add
CN		NARI Technology Co Ltd SSE:600406	Add
CN	G	Goldwind Science & Technology Co Ltd XMUN:CXGH	Add
IN		ABB India Ltd NSE:ABB	Add
DK		Vestas Wind Systems A/S CSE:VWS	Add
CN		Shanghai Electric Group Co Ltd SSE:601727	Add
CN	H	Hangzhou Steam Turbine Co Ltd SZSE:200771	Add
KR		Hyundai Electric & Energy Systems Co Ltd KRX:267260	Add
IN		Suzlon Energy Ltd NSE:SUZLON	Add

HR	C	CROBEX INDX:CRBEX	Add
SA	T	Tadawul All Share INDX:TASI	Add
TH	S	SET Index INDX:SET	Add
ID	J	Jakarta Composite Index INDX:JKSE	Add
GR	A	Athens General Composite INDX:ATG	Add
BR	B	BOVESPA INDX:BVSP	Add
AR	S	S&P Merval INDX:MERV	Add
MX	M	Mexico S&P/BMV IPC INDX:MXX	Add
CZ	P	PX Prague Stock Index INDX:PX	Add
RU	M	MOEX Russia INDX:IMOEX	Add

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NEL

vs

Oslo OBX

Stocks Performance
NEL vs Oslo OBX

Performance Gap
NEL vs Oslo OBX

Performance By Year
NEL vs Oslo OBX

Competitors Performance
Nel ASA vs Peers

Nel ASA
Glance View

Company

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NEL vs Oslo OBX

Stocks Performance NEL vs Oslo OBX

Performance Gap NEL vs Oslo OBX

Performance By Year NEL vs Oslo OBX

Competitors Performance Nel ASA vs Peers

Nel ASA Glance View

Company

Help

Tools

Stocks

NEL

vs

Oslo OBX

Stocks Performance
NEL vs Oslo OBX

Performance Gap
NEL vs Oslo OBX

Performance By Year
NEL vs Oslo OBX

Competitors Performance
Nel ASA vs Peers

Nel ASA
Glance View