Lotte Tour Dev (032350) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Lotte Tour Dev stock KRW 16,343, price KRW 10,060, upside +62.5%, quality 52 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 7,560 KRW – 26,550 KRW · fair‑value band 12,257 KRW – 21,034 KRW · the 10,060 KRW price screens below the 16,343 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.
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Lotte Tour Development Co., Ltd., together with its subsidiaries, engages in the provision of travel and tourism services in South Korea. It is involved in the development and operation of resorts, hotels, casinos, and shopping malls, as well as operation of chartered flights and cruise ships.
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The company was founded in 1971 and is based in Jeju-si, South Korea.
Stock analysis
Lotte Tour Dev (032350) currently trades at 10,060 KRW, while our model-based Fair Value estimate is 16,343 KRW, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 33,514 KRW per share, and 17 of the 23 models we run sit above the 10,060 KRW price.
Bear case: the Asset-Based group reads lowest at 2,737 KRW, and 6 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 12,257 KRW (bear) to 21,034 KRW (bull), the price of 10,060 KRW sits below 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 52/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Lotte Tour Dev reported revenue of 653B KRW in FY2025 versus 107B KRW in FY2021, a compound +57.2%/yr. Reported net income was 27.8B KRW in FY2025.
Key figures
Market cap 800B KRW (≈ $587M) Small · P/E ratio 14.9 · P/S ratio 1.09 · EPS (TTM) 660.55 KRW · Net margin 7.2% · Return on equity 14.9% · Return on assets (EBIT) −2.8% (5-year average) · Operating margin 25.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 62% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 34% fair-value upside, at 62%, 032350 screens cheaper than that median.
Fair Value models
Bear12,257 KRWFair Value 16,343 KRWBull21,034 KRW
Price 10,060 KRW · Upside +62.5%
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 (564.63 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.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+38.6%
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.
+52.7%
Revenue growth 14 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.
+18.9%
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Profit margin (trend) ⓘ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.
−425.7% (2020) → 21.5% (2025)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than 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).
+13.7%
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.
+10.4%
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 +11.4% a year for the price and +8.1% 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.Resorts & Casinos · 62 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+62.5% · Above median
Profitability
Return on equity (12 months)14.9% · Top 25%
Return on assets1.3% · Below median
Net margin (12 months)7.2% · Below median
Operating margin (12 months)25.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)28.9% · Top 25%
Balance sheet
Debt / equity2.39× · Highest 25%
Valuation Multiplesvs Resorts & Casinos median · lower = cheaper
P/E (12 months)14.9× · Cheaper than median
P/B2.15× · Pricier than median
P/S (12 months)1.09× · Cheaper than median
Price / free cash flow (fiscal year)9.0× · Cheaper than median
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 Tour Dev Fair Value". https://www.fairvalue-calculator.com/stock/032350
Frequently asked questions
Is Lotte Tour Dev (032350) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 16,343 KRW versus a price of 10,060 KRW, about +62% upside (undervalued).
What is the fair value of 032350?
Our model-based fair value for Lotte Tour Dev is 16,343 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 10,060 KRW.
What is the quality score of 032350?
Lotte Tour Dev has a Quality Score of 52/100. 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 Tour Dev (032350)?
Our model-based price target is the fair value of 16,343 KRW (as of Nov 5, 2026) from 24 valuation models. Cautious scenario 12,257 KRW, optimistic scenario 21,034 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Lotte Tour Dev stock forecast for 2026?
Our models put fair value at 16,343 KRW, about +62% upside versus a price of 10,060 KRW (undervalued). Cautious scenario 12,257 KRW, optimistic scenario 21,034 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Lotte Tour Dev (032350)?
Lotte Tour Dev reported trailing-twelve-month revenue of about 733B KRW (latest available figure, as of Nov 5, 2026).
What growth is priced into Lotte Tour Dev (032350)?
For today's price to be fair in a discounted-cash-flow model, Lotte Tour Dev would have to grow free cash flow by +13.7 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +108.0 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 032350 use?
Our models discount Lotte Tour Dev at 11.7 %: a base by market capitalisation (small), damped by beta 1.03, 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 Tour Dev that is +13.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has Lotte Tour Dev (032350) delivered so far?
Over the past 5 years revenue at Lotte Tour Dev grew +108.0 % a year. The price currently implies free-cash-flow growth of +13.7 % 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 Tour Dev (032350) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Lotte Tour Dev (+13.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lotte Tour Dev (032350)?
The free-cash-flow yield on the price is 11.08 %: that much free cash flow Lotte Tour Dev produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), 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 Tour Dev (032350)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lotte Tour Dev it is 16,343 KRW per share (as of Nov 5, 2026), against a price of 10,060 KRW. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Lotte Tour Dev stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 032350 trades below its calculated fair value: price 10,060 KRW, fair value 16,343 KRW, a gap of about +62% (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 032350?
No. The price is what the market pays today (10,060 KRW); the fair value is what the company's own numbers justify (16,343 KRW). For Lotte Tour Dev the two are 6,283 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Lotte Tour Dev worth?
The market values Lotte Tour Dev at about 800B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 10,060 KRW; our models calculate a fair value of 16,343 KRW per share.
What do the bullish and bearish scenarios say about 032350?
Our models span a range for Lotte Tour Dev: cautious scenario 12,257 KRW, base 16,343 KRW, optimistic 21,034 KRW per share (as of Nov 5, 2026, price 10,060 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 032350?
Lotte Tour Dev trades at a price-to-earnings ratio of 14.9 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 16,343 KRW is built from several models across several years. Other multiples: PEG 0.1, P/B 2.2, P/S 1.1, EV/EBITDA 6.1.
What is the PEG ratio of 032350?
The PEG ratio of Lotte Tour Dev is 0.12 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Lotte Tour Dev (032350)?
Balance-sheet figures for Lotte Tour Dev (as of Nov 5, 2026): return on equity 14.9%, debt of 2.39 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 032350 from its 52-week high?
Lotte Tour Dev trades at 10,060 KRW, about 62% below its 52-week high of 26,550 KRW and at the low of 10,040 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 16,343 KRW is for.
Which stocks are comparable to Lotte Tour Dev?
From the same area (Consumer Cyclical) we also value Las Vegas Sands Corp, Galaxy Entertainment Group, Sands China Ltd, Wynn Resorts, Limited, 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 Tour Dev stock attractive at the current price?
The data as of Nov 5, 2026: price 10,060 KRW, calculated fair value 16,343 KRW (+62%), Quality Score 52/100, from 24 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 032350 calculated?
We run Lotte Tour Dev through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 16,343 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 Tour Dev currently trades 38% 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 Tour Dev (032350)?
The closing price on Nov 6, 2026 was 10,060 KRW. Our model-based fair value is 16,343 KRW, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lotte Tour Dev right now?
The price is below even our cautious bear case (12,257 KRW). The market is more pessimistic than our downside scenario. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Lotte Tour Dev
How large is the market capitalisation of Lotte Tour Dev (032350)?
The market capitalisation of Lotte Tour Dev is 800B KRW (≈ $587M). 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 Tour Dev (032350)?
The price-to-sales ratio of Lotte Tour Dev is 1.09 (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 Tour Dev (032350)?
Earnings per share at Lotte Tour Dev are 660.55 KRW (price ÷ EPS = P/E 14.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Lotte Tour Dev (032350)?
The net margin of Lotte Tour Dev is 7.2% (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 Tour Dev (032350)?
The return on equity (ROE) of Lotte Tour Dev is 14.9% (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 Tour Dev (032350)?
On an EBIT basis the return on assets of Lotte Tour Dev is −2.8% (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 Tour Dev (032350)?
The operating margin of Lotte Tour Dev is 25.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lotte Tour Dev (032350)?
Revenue at Lotte Tour Dev is growing +28.9% versus a year earlier (3y avg +52.7%). 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 Tour Dev (032350)?
Earnings per share at Lotte Tour Dev are growing +136% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lotte Tour Dev (032350) carry?
The net debt of Lotte Tour Dev is 912B KRW (fiscal year 2025, ≈ 10.3 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 5, 2026