[Click e Stocks] "Aton, No.1 Fintech Security Solution in Korea"

Daishin Securities analyzed on the 22nd that Aton's stock price is undervalued, considering it is the number one fintech security solution company in Korea.

Aton is a company that provides fintech security solutions and authentication services. Its sales are mainly generated from financial institutions. It offers security solutions that simplify certificates and electronic signatures, which were previously authenticated through public certificates, allowing users to access financial services via simple passwords and fingerprint authentication.

Jangwook Park, a researcher at Daishin Securities, explained, "Aton expects an increase in sales due to the growth in the number of service users following the overseas expansion of existing clients such as Shinhan Bank and Korea Investment & Securities." He added, "Sales to corporate clients, which have a higher average selling price (ASP) compared to before, are expected to increase."

He analyzed, "It is estimated that last year's sales reached 55 billion KRW and operating profit exceeded 10 billion KRW," and "Given the limited downside risk to earnings decline, performance improvement is expected this year as well." Furthermore, he stated, "The current market capitalization is around 94 billion KRW, which is judged to be in the undervalued range."