Epiroc AB Ordinary Shares - Class A
EPI A: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 841.00 | Bbkzxj | Pntywcltj |
Epiroc Shows No Signs of Slowing Down In 2023; Shares Look Rich Despite Raising Our FVE to SEK 156
Business Strategy and Outlook
Epiroc has managed to enjoy superior operating metrics and greater resilience than competitors within the mining supply chain through its track record of innovative mining solutions. By specializing in niche equipment, which has high aftermarket requirements, Epiroc is less dependent on uncontrollable and cyclical factors such as commodity prices to drive demand. Differentiation in drilling equipment and underground trucks has been achieved through specialized knowledge via investment into research and development, or R&D, and strong customer relationships.