[Click eStock] "Estraffic Gains Attention with U.S. Project Achievements"

On August 29, Yuanta Securities analyzed that Estraffic is drawing attention for its stable performance growth in the first half of this year and its project achievements in the U.S. market.

In the second quarter of this year, Estraffic recorded sales of 38.78 billion won and operating profit of 3.92 billion won, marking increases of 12.8% and 18.4% respectively compared to the same period last year. Cumulative sales for the first half reached 75.51 billion won, and operating profit was 6.33 billion won, up 29.0% and 854.0% respectively year-on-year.

Kwon Myungjun, a researcher at Yuanta Securities, stated, "The company shows a clear distinction between peak and off-peak seasons by quarter. The fourth quarter is the peak season, while the first quarter is the off-peak season. However, this year, with the increased proportion of overseas sales, especially to the U.S., the results for the first and second quarters have been similar."

In particular, large-scale projects underway in the U.S. market are cited as future growth drivers. Researcher Kwon commented, "The replacement project for subway fare gates between Washington and San Francisco has demonstrated Estraffic's technological capabilities and short construction periods," adding, "The company is expected to maintain a comparative advantage in future replacement projects as well."

Currently, Estraffic is carrying out three major projects. First, in the LA Gateway project, the company independently conducted pilot projects at four stations and subsequently secured contracts for an additional sixteen stations. There are plans for orders for eleven more stations in the second half of the year. Researcher Kwon noted, "Since LA will host major sporting events from 2026 to 2028, additional orders are also expected next year."

Second, the New York Gateway project is scheduled to establish pilot stations in the second half of this year. Kwon explained, "The company plans to complete construction at a faster pace than competitors and has secured references through the Washington-San Francisco-LA projects." He added, "After a certain period of testing, the selection of companies will proceed, and full-scale business operations and revenue generation are expected to begin in the second half of 2026."

Third, the WC Vending Machine project, which involves replacing approximately 470 out of about 800 ticket vending machines (FVMs) installed in the Washington Metro (WMATA), is also drawing attention. Kwon added, "The results of company selection for this project are also expected to be announced in the second half of the year."

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