[Market Feature] Nuriplan Hits Record High on Analysis of Scaling Up and Undervalued Corporate Value

Nuriplan is showing strong performance in early trading.

As of 9:03 a.m. on September 12, Nuriplan was trading at 2,890 won, up 12.89% (330 won) from the previous day. At one point during the session, it soared to 3,015 won, setting a new 52-week high.

The company's solid earnings growth, along with its push into new businesses such as small modular reactors (SMR) and data centers, has led to analysis that the company's value is undervalued, which appears to have stimulated investor sentiment.

Nuriplan specializes in architectural design and planning for urban environment improvement. The company has experience with projects such as the Pangyo pedestrian overpass, the Yongsan Station pedestrian bridge construction, and landscape lighting for Seoul City Hall, Gwangandaegyo Bridge in Busan, and the Seoul Museum of History. As of the first half of this year, Nuriplan posted cumulative sales of 56.4 billion won and operating profit of 6.1 billion won, marking a 258.8% year-on-year increase and signaling an improvement in performance.

Na Seungdoo, a researcher at SK Securities, stated, "With annual operating profit expected to exceed 10 billion won this year, the company has a solid foundation that goes beyond simply being a theme stock related to local government orders," adding, "It is also positive that the company is attempting to expand its business areas based on its technological capabilities and know-how."

Unison HKR, which Nuriplan acquired in 2019, is also being recognized for its potential as the uses for its main products, such as expansion joints and energy infrastructure module components, are diversifying.

Researcher Na commented, "Nuriplan's various plant products are now being applied not only to conventional petrochemical plants but also to combined cycle and nuclear power plants. The company has already secured orders worth more than 8 billion won from a domestic SMR pilot project, and further participation in both domestic and overseas SMR and data center projects is anticipated."