[Click eStock] "Genieons, Record High Performance Expected by 2025"

NH Investment & Securities analyzed on the 19th that it is time to pay attention to Genieonce as its performance continues to improve.

Shim Eui-seop, a researcher at NH Investment & Securities, explained, "On the 7th of last month, suspicious circumstances of a breach incident were discovered regarding the 'Genian NAC' product," adding, "While conducting an investigation together with the Korea Internet & Security Agency, multiple media outlets reported the fact starting from the 30th of last month."

He continued, "There were rumors that a hacking group stole cryptocurrency worth around 10 billion KRW from a cryptocurrency exchange and that they might have exploited vulnerabilities in the NAC update server."

He explained, "Investment sentiment toward Genieonce was dampened due to misleading news reports," adding, "Although a breach incident occurred, no damage has been confirmed so far." Furthermore, he emphasized, "Additional investigations into the breach are ongoing in cooperation with relevant authorities," and "Proactive technical measures such as equipment replacement and recurrence prevention plans have been completed."

Researcher Shim analyzed, "The impact on new sales and business is also expected to be minimal," and "On the 5th, the company announced a share repurchase to enhance shareholder value and alleviate investor concerns."

Genieonce is estimated to achieve sales of 43.5 billion KRW and operating profit of 9.3 billion KRW this year, representing increases of 13.1% and 34.9%, respectively, compared to last year.

Researcher Shim forecasted, "Along with the stable growth of Genian NAC, which has established itself as the No. 1 standard solution domestically, the EDR business, emerging as the next-generation endpoint security solution, is also entering a full-fledged growth trajectory." He analyzed, "It is expected to set record-high performance every year until 2025," and "The price-to-earnings ratio (PER) based on this year's expected performance is around 14.3 times."

This content was produced with the assistance of AI translation services.