Lotte Shopping (023530) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Lotte Shopping stock KRW 111,575, price KRW 89,700, upside +24.4%, quality 47 out of 100. Rating: undervalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 46,900 KRW – 201,986 KRW · fair‑value band 83,743 KRW – 140,342 KRW · the 89,700 KRW price screens below the 111,575 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Lotte Shopping Co., Ltd., together with its subsidiaries, owns and manages department stores in South Korea. It also operates outlets, discount stores, electronics stores, supermarkets, e-commerce, and movie theaters.
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In addition, the company is involved in the TV home shopping, clothing manufacturing and sales, home appliance retail, and movie screening businesses; provision of building management service; real estate, new technology investment, financial, and film investment production activities.
The company was formerly known as Hyupwoo Industrial Co., Ltd. and changed its name to Lotte Shopping Co., Ltd. in November 1979. Lotte Shopping Co., Ltd. was founded in 1970 and is headquartered in Seoul, South Korea.
Stock analysis
Lotte Shopping (023530) currently trades at 89,700 KRW, while our model-based Fair Value estimate is 111,575 KRW, implying the stock looks roughly 20% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 341,196 KRW per share, and 13 of the 21 models we run sit above the 89,700 KRW price.
Bear case: the Earnings-Based group reads lowest at 15,157 KRW, and 8 of the 21 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 83,743 KRW (bear) to 140,342 KRW (bull), the price of 89,700 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Lotte Shopping reported revenue of 13.7T KRW in FY2025 versus 15.6T KRW in FY2021, a compound −3.1%/yr. Reported net income was 51.6B KRW in FY2025.
Key figures
Market cap 2.5T KRW (≈ $1.9B) Small · P/E ratio 14.2 · P/S ratio 0.26 · EPS (TTM) 6,406 KRW · Dividend yield 4.6% · Net margin 1.3% · Return on equity 1.3% · Return on assets (EBIT) 1.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 56% below its 52-week high and 39% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 24%, 023530 screens cheaper than that median.
Fair Value models
Bear83,743 KRWFair Value 111,575 KRWBull140,342 KRW
Price 89,700 KRW · Upside +24.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,971 KRW per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−1.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.2%
Start year 2020 (pandemic). Over 10 years: −7.2% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.9%
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What shareholders gained per year (last 3 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−28.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.4%
Dividend (yield on the price)4.6%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 4%
⚠ Revenue per share shrinking 3.8%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −0.8% a year for the price and +0.6% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Department Stores · 107 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Bottom 25%
Fair Value upside+24.4% · Above median
Profitability
Return on equity (12 months)1.3% · Below median
Return on assets0.2% · Below median
Net margin (12 months)1.8% · Below median
Operating margin (12 months)2.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)4.0% · Above median
Dividend yield (12 months)4.6% · Top 25%
Balance sheet
Debt / equity0.35× · Highest 25%
Valuation Multiplesvs Department Stores median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Lotte Shopping Fair Value". https://www.fairvalue-calculator.com/stock/023530
Frequently asked questions
Is Lotte Shopping (023530) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 111,575 KRW versus a price of 89,700 KRW, about +24% upside (undervalued).
What is the fair value of 023530?
Our model-based fair value for Lotte Shopping is 111,575 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 89,700 KRW.
What is the quality score of 023530?
Lotte Shopping has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Lotte Shopping (023530)?
Our model-based price target is the fair value of 111,575 KRW (as of Nov 8, 2026) from 23 valuation models. Cautious scenario 83,743 KRW, optimistic scenario 140,342 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Lotte Shopping stock forecast for 2026?
Our models put fair value at 111,575 KRW, about +24% upside versus a price of 89,700 KRW (undervalued). Cautious scenario 83,743 KRW, optimistic scenario 140,342 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Lotte Shopping (023530)?
Lotte Shopping reported trailing-twelve-month revenue of about 14.0T KRW (latest available figure, as of Nov 8, 2026).
Does Lotte Shopping pay a dividend?
Lotte Shopping currently shows a dividend yield of 4.57% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Lotte Shopping (023530) and when is the ex-dividend date?
Lotte Shopping pays a dividend of 4,100 KRW per share a year, a dividend yield of 4.6%. The last ex-dividend date was Jun 29, 2026. The payout ratio is 64.0% of earnings. Free cash flow covers the dividend 8.85 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Lotte Shopping (023530)?
For today's price to be fair in a discounted-cash-flow model, Lotte Shopping would have to grow free cash flow by +1.3 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 023530 use?
Our models discount Lotte Shopping at 10.5 %: a base by market capitalisation (small), damped by beta 0.62, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Lotte Shopping that is +1.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Lotte Shopping (023530) delivered so far?
Over the past 5 years revenue at Lotte Shopping grew -3.2 % a year. The price currently implies free-cash-flow growth of +1.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Lotte Shopping (023530) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Lotte Shopping (+1.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lotte Shopping (023530)?
The free-cash-flow yield on the price is 40.46 %: that much free cash flow Lotte Shopping produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lotte Shopping (023530)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lotte Shopping it is 111,575 KRW per share (as of Nov 8, 2026), against a price of 89,700 KRW. It is the blended result of 23 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Lotte Shopping stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 023530 trades below its calculated fair value: price 89,700 KRW, fair value 111,575 KRW, a gap of about +24% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 023530?
No. The price is what the market pays today (89,700 KRW); the fair value is what the company's own numbers justify (111,575 KRW). For Lotte Shopping the two are 21,875 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Lotte Shopping worth?
The market values Lotte Shopping at about 2.5T KRW (market capitalisation, as of Nov 8, 2026). Per share that is 89,700 KRW; our models calculate a fair value of 111,575 KRW per share.
What do the bullish and bearish scenarios say about 023530?
Our models span a range for Lotte Shopping: cautious scenario 83,743 KRW, base 111,575 KRW, optimistic 140,342 KRW per share (as of Nov 8, 2026, price 89,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 023530?
Lotte Shopping trades at a price-to-earnings ratio of 14.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 111,575 KRW is built from several models across several years. Other multiples: P/B 0.2, P/S 0.3, EV/EBITDA 5.9.
How solid is the balance sheet of Lotte Shopping (023530)?
Balance-sheet figures for Lotte Shopping (as of Nov 8, 2026): return on equity 1.3%, debt of 0.35 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 023530 from its 52-week high?
Lotte Shopping trades at 89,700 KRW, about 56% below its 52-week high of 201,986 KRW and 39% above the low of 64,390 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 111,575 KRW is for.
Which stocks are comparable to Lotte Shopping?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lotte Shopping stock attractive at the current price?
The data as of Nov 8, 2026: price 89,700 KRW, calculated fair value 111,575 KRW (+24%), Quality Score 47/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 023530 calculated?
We run Lotte Shopping through 23 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 111,575 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Lotte Shopping currently trades 20% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lotte Shopping (023530)?
The closing price on Nov 6, 2026 was 89,700 KRW. Our model-based fair value is 111,575 KRW, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lotte Shopping right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Lotte Shopping
How large is the market capitalisation of Lotte Shopping (023530)?
The market capitalisation of Lotte Shopping is 2.5T KRW (≈ $1.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lotte Shopping (023530)?
The price-to-sales ratio of Lotte Shopping is 0.26 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lotte Shopping (023530)?
Earnings per share at Lotte Shopping are 6,406 KRW (price ÷ EPS = P/E 14.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lotte Shopping (023530)?
The dividend yield of Lotte Shopping is 4.6% (payout 64.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lotte Shopping (023530)?
The net margin of Lotte Shopping is 1.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lotte Shopping (023530)?
The return on equity (ROE) of Lotte Shopping is 1.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lotte Shopping (023530)?
On an EBIT basis the return on assets of Lotte Shopping is 1.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lotte Shopping (023530)?
The operating margin of Lotte Shopping is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lotte Shopping (023530)?
Revenue at Lotte Shopping is growing +4.0% versus a year earlier (3y avg −3.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Lotte Shopping (023530)?
Earnings per share at Lotte Shopping are growing +692% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lotte Shopping (023530) carry?
The net debt of Lotte Shopping is 9.3T KRW (fiscal year 2025, ≈ 9.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 8, 2026