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Lotte Tour Development Co (032350) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 880B KRW

LT Lotte Tour Development Co 032350 · KO
Price13,030 KRW
Fair Value15,909 KRW
Upside+22.1%
Quality51/100
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Mixed Growth
Thin margins · 6.4% net margin
High debt · generates free cash flow
Ranks above peers (9/11)
Moderate moat 48/100
Evidence: High Range 5,842 KRW – 21,067 KRW Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 16,205 KRW to 15,909 KRW (−1.8%) since Jul 6, 2026. Share price −15.8% over the past month.

A solid business, screening 22% undervalued on our models.

What matters now

  • The model range is unusually wide (5,842 KRW to 21,067 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

26,550 KRW 7,560 KRW Fair Value 15,909 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 7,560 KRW – 26,550 KRW · fair‑value band 5,842 KRW – 21,067 KRW · the 13,030 KRW price screens below the 15,909 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

Lotte Tour Development Co (032350) currently trades at 13,030 KRW, while our model-based Fair Value estimate is 15,909 KRW, implying the stock looks roughly 22.1% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Lotte Tour Development Co generated revenue of 688B KRW at a net margin of 6.4%. Revenue grew 28.1% year over year. It earns a return on equity of 13.5%. Net debt stands at 912B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 5,842 KRW (bear case) to 21,067 KRW (bull case); at 13,030 KRW, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at 22%, 032350 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 8,359 KRW 28,678 KRW 62,803 KRW 80
Rev-Margin DCF 1,588 KRW 9,861 KRW 27,270 KRW 74
ROIC Compounder 6,759 KRW 14,497 KRW 22,628 KRW 72
All 24 models by family
DCF Models
FCF DCF 9,503 KRW 21,680 KRW 61,498 KRW 38
Owner Earnings 11,525 KRW 40,948 KRW 105,479 KRW 31
5Y Revenue Exit 524.89 KRW 7,293 KRW 21,360 KRW 39
5Y EBITDA Exit 14,823 KRW 36,215 KRW 78,246 KRW 41
5Y P/E Exit 8,164 KRW 19,777 KRW 38
10Y Revenue Exit 2,928 KRW 16,094 KRW 23,587 KRW 36
10Y EBITDA Exit 13,928 KRW 47,609 KRW 107,562 KRW 37
10Y P/E Exit 2,314 KRW 13,313 KRW 30,190 KRW 35
Earnings-Based
Graham-Dodd 2,372 KRW 16,541 KRW 23,213 KRW 54
Lynch FV 8,546 KRW 12,208 KRW 15,870 KRW 50
PEG = 1.0 8,546 KRW 12,208 KRW 15,870 KRW 46
EPV 5,508 KRW 8,312 KRW 10,804 KRW 59
Multiples
P/E Multiple 5,755 KRW 7,674 KRW 9,592 KRW 63
P/S Multiple 4,447 KRW 5,930 KRW 7,412 KRW 58
P/B Multiple 4,447 KRW 5,930 KRW 7,412 KRW 55
EV/EBIT 13,453 KRW 21,397 KRW 29,342 KRW 53
EV/EBITDA 15,513 KRW 24,145 KRW 32,777 KRW 54
EV/Revenue 2,424 KRW 43
Asset-Based
NCAV (Graham) 2,337 KRW 3,131 KRW 4,673 KRW 50
Growth DCF
Growth DCF 8,359 KRW 28,678 KRW 62,803 KRW 80
Rev-Margin DCF 1,588 KRW 9,861 KRW 27,270 KRW 74
Economic Profit
Residual Income 3,898 KRW 4,163 KRW 4,657 KRW 61
ROIC Compounder 6,759 KRW 14,497 KRW 22,628 KRW 72
Growth Earnings
Growth-Adj P/E 11,344 KRW 16,205 KRW 21,067 KRW 68

Widest divergence: Growth Earnings (16,205 KRW) versus Asset-Based (3,131 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 688B KRW
Revenue growth (YoY) +28.1%
Net margin 6.4%
Return on equity 13.5%
Free cash flow 88.6B KRW FY2025
Operating margin 18.4%
More key figures
Net debt 912B KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 49 · Market factors (momentum, volatility) 15

Profitability 31
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 45
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. The company was founded in 1971 and is based in Jeju-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lotte Tour Development Co 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.

Growth Quality 87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
653B KRW
Latest YoY
+38.6%
Avg. growth/yr (3Y)
+52.7%
Avg. growth/yr (14Y)
+18.9%
Revenue +57.2%/yr
FY21 107B KRW
FY22 184B KRW
FY23 314B KRW
FY24 471B KRW
FY25 653B KRW
Net income
FY21 −201B KRW
FY22 −225B KRW
FY23 −202B KRW
FY24 −117B KRW
FY25 27.8B KRW

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Cite: Fair Value Calculator (2026). "Lotte Tour Development Co Fair Value". https://www.fairvalue-calculator.com/stock/032350

Peer Group

Resorts & Casinos · 76 stocks

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.

Quality Score 51 · Below median
Fair Value upside +22% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 18% · Top 25%
Revenue growth 28% · Top 25%
Debt / equity 2.39× · Higher than 75% of peers

Valuation Multiples vs Resorts & Casinos median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.3× · Cheaper than 75% of peers
PEG 0.19× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 63 · sector 19
FUTURE 100 · sector 33
PAST 54 · sector 19
HEALTH 0 · sector 84
DIVIDEND 0 · sector 52

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Gambling

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Las Vegas Sands Corp LVS $44.79 $52.27 +17%
Galaxy Entertainment Group 0027 HK$34.20 HK$41.44 +21%
Sands China Ltd 1928 HK$13.08 HK$2.05 -84%
MGM Resorts International, through its subsidiaries, MGM $46.13 $13.70 -70%
Wynn Resorts, Limited WYNN $97.05 $69.39 -29%
Red Rock Resorts, Inc RRR $64.75 $17.09 -74%
Boyd Gaming Corporation BYD $87.64 $151.24 +73%
Caesars Entertainment, Inc CZR $29.91 $80.92 +171%
Genting Singapore Limited G13 0.6200 SGD 0.6900 SGD +11%
Vail Resorts, Inc MTN $150.14 $125.02 -17%

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Frequently asked questions

Is Lotte Tour Development Co (032350) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 15,909 KRW versus a price of 13,030 KRW, about +22% (undervalued).
What is the fair value of 032350?
Our model-based fair value for Lotte Tour Development Co is 15,909 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 13,030 KRW.
What is the quality score of 032350?
Lotte Tour Development Co has a Quality Score of 51/100. 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 revenue of Lotte Tour Development Co (032350)?
Lotte Tour Development Co reported trailing-twelve-month revenue of about 688B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 032350?
The net profit margin of Lotte Tour Development Co is about 6.4%, meaning it keeps roughly 6.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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