NCR vs SBW

https://seekingalpha.com/article/4368141-ncr-corp-undervalued-name

From a recent U.S. customer survey of Shekel Brainweigh Ltd., the provider of weighing technologies found that nearly two-thirds of consumers are changing their grocery shopping habits in response to the pandemic. Of these, 87% say they would prefer to shop in stores with touchless, robust self-checkout, or frictionless micro-markets to pay for groceries options with less than one-third are ordering groceries online. Although consumer sentiment changes monthly with the progression, or regression of respective regions' responses to COVID-19, we believe that the precaution and insurance-mindset generated by this event will largely drive better POS and SCO systems. Within the Retail segment, we see the 7% decline in hardware revenue a temporary weakness as retailers are gasping for air and shelling whatever capital they have left. Expressing our view of this shorter-term weakness through 2020, we project a 13.4% decline in topline for the Retail segment for Q3 and a continual impact remaining throughout 2021. This soft projection is based on our research of the market, coupling with the belief that, beyond 2020, the company will see increase intensity in price-based competition as many competitors have better leverage within the COVID-19 disruption. Yet, product mix-shift to software and services of NCR drive better-than-expected operating margin leverage, leaving room for NCR to match up its capability to the competitors. Still, we all project that the COVID-19 will intensifies the price-based competition, and NCR might not have trajectory to lead the market as comparable as other nascent players.

... here’s my take:

Sounds like NCR, listed on the NYSE at $21/share and a market cap of 2.75 billion USD is at risk of being disrupted by SBW.

Why do I think this?

Three of the top four players in the global market are customers of SBW.

Top players in global self-checkout market

1. NCR Corporation
2. Toshiba TEC Corporation*
3. Diebold Nixdorf Incorporated*
4. Fujitsu Limited*

*Customers of SBW

Why SBW over NCR you ask? Listen to Fujitsu on the matter.

https://www.fujitsu.com/global/solutions/industry/retail/self-checkout/

“Fujitsu SCO is evolving to meet customer needs in this version of U-Scan by employing several strategies to reduce the number of unnecessary interventions. Fujitsu is implementing a long-term intervention reduction strategy, but in this release we have taken the following first step. Simply enabling the existing “Remove Bags” feature in conjunction with applying a recent Shekel bag scale firmware upgrade can reduce weight security interventions by up to 40%.”