[Click eStock] "Trueen, the Most Undervalued Among On-Device AI Companies"

Stunning Value Research analyzed on the 2nd that Trueen is the most undervalued among on-device AI product manufacturers. No investment opinion or target price was provided.

Stunning Value Research predicted that Trueen's B2G (business-to-government) sales will rapidly increase. Namgung Jun, a researcher at Stunning Value Research, said, "In March last year, the National Intelligence Service issued a notice stating that all video surveillance devices used in the public sector must be products certified by TTA." He added, "Trueen has obtained certification every time a product was launched since 2016." He further stated, "Compared to competitors who face technical and time limitations in obtaining TTA certification, outstanding B2G sales growth is expected."

In particular, he forecasted continuous performance growth this year and next year. He said, "Based on AI technology, sales and operating profit have grown annually by an average of 16.8% and 26.9%, respectively, over the past eight years since its founding." He emphasized, "Sales and operating profit are expected to increase annually by 20.3% and 25.0%, respectively, over the next two years, continuing the company's best performance since its establishment."

He stated, "Compared to the industry average price-to-earnings ratio (PER) of 24.8 times based on FnGuide, Trueen's expected PER for this year and next year are trading at 7.2 times and 5.9 times, respectively, indicating that the current stock price is significantly undervalued."