What FreshFin is
Research briefs on 200+ Norwegian and US companies
FreshFin publishes research briefs on 200+ companies listed on Oslo Børs and in the US. An AI drafts each brief, and we check every figure against the company's own filings before it goes out. A brief covers what the business sells, what it earns, what could go wrong and what we think it is worth. It makes no buy or sell calls.
Stay informed
Follow the companies you care about
Put the companies you follow on a watchlist and FreshFin tells you when something happens to one of them: a filing, an earnings report, a change in guidance. Each one comes with the context from our last brief and a short note on what it means for the business.
Earnings summaries, same day
When a company we cover reports, we publish an earnings summary the same trading day. It works from the release the company filed and sets the reported figures against what our previous brief expected. A summary takes about two minutes to read.
Every filing, and who reports next
We collect every official disclosure from Oslo Børs and the SEC in one searchable feed: results, guidance changes, insider trades and buybacks. Next to it is a calendar of which companies report next, and when.
Watchlists with the numbers on them
Each watchlist row shows a price sparkline, the analyst target range, a short company snapshot and how many filings you have not read yet. Keep as many lists as you like, split them into sections and drag rows into any order. Prices are end-of-day.
Every refresh starts with what changed
We refresh a brief when the company reports, when guidance changes, or when a shift in the macro picture affects the case. Each new version starts with a list of what changed since the last one and how much it matters.
Macro scans
Our macro scans cover indices, rates, currencies, commodities and sector rotation, and end with the odds we put on a few scenarios. They explain what those moves mean for equities. Every scan uses the same panels, so you can compare this month with last month.
Keep learning
Learn as you read
The briefs are written for people reading their first annual report and for people who have read hundreds. Financial terms are explained where they appear, and the longer versions show how each number was worked out.
Three lengths of the same brief
The FreshFin Brief is the standard version: the thesis, the numbers, the risks and a fair value. The Summary is the short version. The Extended Report adds the full workings and every table.
Terminology explained on the spot
We underline 144 financial terms in the text of every brief. Click one and its definition opens next to the text, so you keep your place. A switch rewrites every definition in plainer language.
Old briefs stay published
Every earlier brief on a company stays online, with its date and the score it had at the time. Read them in order to see which of our arguments held up and which did not.
Education In development
A course on reading financial statements, valuing a company and how markets work, written in the same plain style as the glossary and with interactive figures. Four tracks are planned, and the first lessons are being written now.
How a brief is made
Drafted by AI, checked against company filings
Every figure traced back
We check the numbers in every brief against the company's own reporting: investor material and regulatory filings. If we cannot find a source for a figure, it stays out. Sources are cited, so you can check any number yourself.
One score from six areas
We score every company in six areas and combine them into one composite, on a scale from Excellent down to Dumpster Fire. The six sub-scores are shown next to it, so you can see which area pulled the score down.
Our own fair value
We build our own bear, base and bull cases with several valuation methods and compare the results. Analyst price targets are shown separately and labelled as such, so you see our number and theirs side by side.
No trade calls
A brief describes the business and what could go wrong with it. There is no buy, sell or hold rating, no entry price and no position size. What you do with the research is your decision.
Where AI can go wrong
An AI drafts our research, and AI makes mistakes. That is why every figure is checked against a source, every brief is dated, and every refresh lists what changed.
See a real one
What a brief looks like
Every brief opens with a dashboard: the composite score, the fair value range, revenue and margin trends, and a peer table. Below it is the full written report, with the reasoning behind each number.
One full brief is public. You do not need an account to read it.
Tomra Systems ASA is the global dominant provider of reverse vending machines (RVMs) used in deposit-return schemes (DRS) for beverage containers, and a leading supplier of sensor-based sorting technology for waste recycling and food processing. The thesis rests on the legislated rollout of deposit-return systems across new geographies — combined with tightening EU packaging regulation (PPWR) — creating a captive equipment market where Tomra holds an industry-estimated 70–80% share of installed RVMs globally (the company itself says it has been the global market leader in reverse vending for more than 50 years; the share figure is not stated in its filings). Two recent developments have moved this thesis from "plausible, contingent on execution" toward "converting into revenue and announced orders."
Read the full brief →
Also in the app
The smaller features
Notes
Keep a running note on any company and save the versions you want to come back to. Your notes sit next to our research.
Request a brief
Ask us to cover a company that is not in the catalogue yet. You get a notification when the brief is published.
Notifications
One in-app feed covers new briefs on your lists, earnings summaries, upcoming reports and your own requests.
Catalogue filters
Filter the catalogue by name, country, exchange, sector or industry, and add score filters on top.
English and Norwegian
Briefs publish in English, and many have a full Norwegian version.
PDF export
Download any brief as a PDF.
Light and dark
The app has a light and a dark theme.
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