Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Established in Seoul, South Korea in 1971, MiraeING.Co.,Ltd. operates globally, specializing in both defense technology and IT services. The company designs and delivers critical security solutions for the defense sector, including advanced command systems for self-propelled artillery and a variety of other military firepower equipment. Beyond its defense operations, MiraeING provides an extensive suite of technological offerings. These include secure messaging platforms for financial institutions like banks and brokerage firms, as well as for corporate clients. It also manages internal open account transactions through its proprietary Trade Services Utility. The firm's software portfolio features SafeWatch Filtering, an anti-money laundering system; Summit, a solution for optimizing derivative products; and comprehensive internet banking systems supporting customer and asset management, alongside corporate services. Additionally, MiraeING offers cloud computing services as part of its diverse portfolio.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. Specifically, the stock is neutral on EV/EBITDA, underpriced on P/FC.