[Click eStock] "Intellian Technologies to Start Mass Production of Flat Panel Antennas from May"

Meritz Securities analyzed on the 25th that Intellian Tech has the highest valuation attractiveness among domestic space-related companies.

Researcher Jeong Jisoo of Meritz Securities explained, "With the global market entry of low Earth orbit (LEO) satellite communication operators, demand for ground network antennas will steadily increase," adding, "Starting next month, production of Phased Array antennas will begin, serving as a new growth engine." He continued, "From this year, production of Phased Array antennas for land and maritime use will start," and "from 2026, the scope will expand to military and aviation sectors."

He stated, "As major clients begin commercial services from the second half of this year, previously delayed sales will normalize," and analyzed, "Consolidated sales and operating profit for this year are estimated at 371.1 billion KRW and 20.3 billion KRW, respectively." He added, "This represents an increase of 21.7% and 89.0% compared to last year," and "next year, sales and operating profit are expected to increase by 39.3% and 187.9%, respectively."

Researcher Jeong emphasized, "Based on next year's expected performance, the price-to-earnings ratio (PER) is around 12.8 times," and "it has the highest valuation attractiveness among domestic space-related companies."

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