[Special Stock] Genieons, Foreign Ownership Already 24%... A Must-Have 'AI Era' Item Recognized Worldwide

Genians is showing strength. As cybersecurity becomes increasingly important in the era of artificial intelligence (AI), an analysis report suggesting that Genians, which has secured 143 clients across 27 countries overseas, will continue to grow seems to have had an impact.

As of 10:16 AM on the 2nd, Genians was trading at 14,260 KRW, up 2,200 KRW (18.24%) compared to the previous trading day.

Independent research firm Valuefinder analyzed that the importance of the cybersecurity market will be further highlighted in the AI era for Genians. They also explained that the recent acquisition of a 5% stake by a Morgan Stanley subsidiary is a well-founded purchase.

Researcher Lee Choongheon of Valuefinder said, "Genians' main products consist of NAC, which manages internal corporate networks, and EDR, which monitors user behavior and inside PCs to detect and respond to unknown threats." According to the 2024 Public Procurement Service data, the company's NAC and EDR hold market shares of 75% and 49%, respectively, ranking first in the market.

Lee explained, "Recently, Morgan Stanley & Co. International PLC, a subsidiary of the global investment bank Morgan Stanley, disclosed the acquisition of a 5.04% stake in the company. Including the 15.12% stake held by the second-largest shareholder Miri Capital Management LLC, the total foreign ownership reaches 24%." Genians' largest shareholder, CEO Lee Dongbeom, and related parties hold 39.36% of the shares.

Lee analyzed, "It is uncommon for foreign investors to hold 24% of shares in a domestic small-cap company, which indicates attention to the company's growth potential."

He also mentioned, "Currently, it is known that more than 300,000 new malicious codes are created daily worldwide. Vaccines can only be developed after new malware appears, which clearly limits their effectiveness, but EDR can respond to unknown malware, making it highly regarded globally at present."

Lee added, "For the first time since its founding, the company canceled treasury shares equivalent to 3.9% of issued shares last year," and forecasted, "This trend will continue in line with the growth in performance." He continued, "The company holds approximately 35.7 billion KRW in cash assets and maintains a debt-free management, resulting in very high financial stability," and analyzed, "The current price-to-earnings ratio (PER) is about 8.8 times, and considering the historical PER bottom is 8 times, it can be seen as undervalued."