Risk factor
Very high price volatility
Profitability factor
Very strong margins and returns
About
Operating on a global scale, HENNGE K.K. specializes in providing various cloud-based security services. Their core product, HENNGE One, serves as a cloud-native identity and access management (IAM) platform, enabling streamlined single sign-on (SSO) capabilities. Complementing this, the company provides the HENNGE Secure Browser, which allows users to safely access cloud services integrated with HENNGE One using their existing HENNGE One accounts. Furthermore, they offer the HENNGE OTP Generator, a virtual application for multi-factor authentication that produces time-based one-time passwords compliant with RFC 6238. Founded in 1996, the enterprise was initially known as HDE, Inc. before rebranding to HENNGE K.K. in February 2019, and it is headquartered in Tokyo, Japan.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBI