[Click eStock] "Furontieo, Record High Performance This Year... A Self-Driving Beneficiary Proven by Numbers"

Hanyang Securities analyzed on the 22nd that Purontier will record its highest annual performance this year, describing it as an autonomous driving beneficiary stock that can be proven by numbers.

Lee Joon-seok, a researcher at Hanyang Securities, stated in a report on the same day, “Purontier's Q3 standalone performance showed sales of 10.8 billion KRW and operating profit of 1.5 billion KRW, turning profitable compared to the previous year,” adding, “The continued quarterly decline since Q1 is estimated to be due to decreased performance of North American global electric vehicle companies and reduced investment in upstream industries caused by rising interest rates.”

He explained, “Although the downward trend in performance has continued since Q1, Purontier's scale growth should be viewed compared to the previous year,” and “Before autonomous driving is fully advanced, an excessive number of inspections are required, and to improve the accuracy of the technology, the types and frequency of inspections inevitably increase.”

He continued, “Purontier is a company that supplies sensing camera inspection equipment to global companies and possesses a diverse portfolio of inspection equipment,” and evaluated, “Whether viewed from a long-term or short-term perspective, the company is one of the few autonomous driving beneficiary stocks that can be proven by numbers.”

In particular, this year, Purontier's annual performance is expected to reach sales of 48.8 billion KRW and operating profit of 9.2 billion KRW, increasing by 81.3% and 466% respectively compared to the previous year. This is the highest annual performance on record.

He said, “Although the momentum of strong performance in the first half will temporarily slow down in the second half, 2024, the growth phase of autonomous driving, is an anticipated moment,” adding, “Most automakers have chosen autonomous driving as their future growth engine and are continuously investing in R&D, and 2024 is also expected to renew the highest annual performance due to market growth benefits.”

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