That is correct.
A “1 stone handicap” actually only accounts for a 0.5 stone difference in strength: stone handicap games being played with -7 komi would be more consistent.
Imagine a no-komi game between equal players: Alice and Bob. Alice takes Black and wins the first game by 7 points, as expected. They switch sides with Bob taking Black and winning by 7 points. The swing between these two results is not komi, as would be implied by taking a full stone difference in strength to be worth a “1 stone handicap”, but twice komi.
Katago also gives roughly twice komi as the value for an extra handicap stone when evaluating in Japanese rules: