[Click e-Stock] "Cowintech Reassessed as an Autonomous Mobile Robot Company"

On September 10, Yuanta Securities introduced Cowintech as a company capable of operating both smart factories and automation robots simultaneously.

Kwon Myungjun, a researcher at Yuanta Securities, stated, "Cowintech is widely viewed as a secondary battery equipment company," adding, "Although it owns subsidiaries related to secondary battery materials, it is more reasonable to regard it as a company specializing in automation systems when considering its standalone business."

He continued, "Cowintech supplies autonomous mobile robots (AMR) to secondary battery companies," and added, "It is reasonable to compare Cowintech to factory automation (FA) and robotics companies, as competition among secondary battery equipment firms is intensifying."

He analyzed, "Based on quarterly results, Cowintech has been showing signs of recovery since the fourth quarter of last year," and noted, "The current stock price is at its lowest level since listing."

Researcher Kwon explained, "A representative company related to factory and logistics automation is Hyundai Movex," and added, "Robotics is a company that manufactures robots capable of autonomous driving using radar and LiDAR." He further emphasized, "Hyundai Movex's estimated price-to-earnings ratio (PER) for 2025 is 43.2 times."