Lotte Tour Dev (032350) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Lotte Tour Dev KRW 16,205, price KRW 11,730, upside +38.2%, quality 51 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 7,560 KRW – 26,550 KRW · fair‑value band 11,344 KRW – 21,067 KRW · the 11,730 KRW price screens below the 16,205 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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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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.
Stock analysis
Lotte Tour Dev (032350) currently trades at 11,730 KRW, while our model-based Fair Value estimate is 16,205 KRW, implying the stock looks roughly 27.6% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 30,253 KRW per share, and 16 of the 23 models we run sit above the 11,730 KRW price.
Bear case: the Asset-Based group reads lowest at 3,131 KRW, and 7 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: 11,344 KRW (bear) to 21,067 KRW (bull), the price of 11,730 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 51/100 (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 933B KRW (≈ $653M) · P/S ratio 1.28 · Net margin 4.2% · Return on equity 13.5% · Return on assets (EBIT) −2.8% · Operating margin 18.4% · Revenue (TTM) 688B KRW · Revenue growth (YoY) +28.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 56% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 46% fair-value upside, at 38%, 032350 screens richer than that median.
Fair Value models
Bear 11,344 KRWFair Value 16,205 KRWBull 21,067 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
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).
+14.3%
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.
+10.2%
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 +12.0% a year for the price and +7.9% 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 · 70 stocks
Beats the industry median on 9/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+38% · Above median
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets5% · Above median
Net margin (TTM)6% · Above median
Operating margin (TTM)18% · Top 25%
Growth and dividend
Revenue growth28% · Top 25%
Balance sheet
Debt / equity2.39× · Highest 25%
Valuation Multiplesvs Resorts & Casinos 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 Tour Dev Fair Value". https://www.fairvalue-calculator.com/stock/032350
Frequently asked questions
Is Lotte Tour Dev (032350) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 16,205 KRW versus a price of 11,730 KRW, about +38% upside (undervalued).
What is the fair value of 032350?
Our model-based fair value for Lotte Tour Dev is 16,205 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 11,730 KRW.
What is the quality score of 032350?
Lotte Tour Dev 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 price target for Lotte Tour Dev (032350)?
Our model-based price target is the fair value of 16,205 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 11,344 KRW, optimistic scenario 21,067 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 16,205 KRW, about +38% upside versus a price of 11,730 KRW (undervalued). Cautious scenario 11,344 KRW, optimistic scenario 21,067 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 688B KRW (latest available figure, as of Sep 24, 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 +14.3 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +108.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 032350 use?
Our models discount Lotte Tour Dev at 11.4 %: a base by market capitalisation (small), damped by beta 0.90, 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 +14.3 % per year a year over ten years, using the same discount rate (11.4 %) 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 +14.3 % per year free-cash-flow growth a 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 +2.6 % a year. That is the yardstick for the growth priced into Lotte Tour Dev (+14.3 % per year a 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 9.50 %: that much free cash flow Lotte Tour Dev produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), 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 16,205 KRW per share (as of Sep 24, 2026), against a price of 11,730 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Lotte Tour Dev stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 032350 trades below its calculated fair value: price 11,730 KRW, fair value 16,205 KRW, a gap of about +38% (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 (11,730 KRW); the fair value is what the company's own numbers justify (16,205 KRW). For Lotte Tour Dev the two are 4,475 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 933B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 11,730 KRW; our models calculate a fair value of 16,205 KRW per share.
What do the bullish and bearish scenarios say about 032350?
Our models span a range for Lotte Tour Dev: cautious scenario 11,344 KRW, base 16,205 KRW, optimistic 21,067 KRW per share (as of Sep 24, 2026, price 11,730 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 032350?
The PEG ratio of Lotte Tour Dev is 0.19 (P/E divided by earnings growth, as of Sep 24, 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 Sep 24, 2026): return on equity 13.5%, debt of 2.39 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 032350 from its 52-week high?
Lotte Tour Dev trades at 11,730 KRW, about 56% below its 52-week high of 26,550 KRW and 7% above the low of 10,990 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 16,205 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, MGM Resorts International, through its subsidiaries,, 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 Sep 24, 2026: price 11,730 KRW, calculated fair value 16,205 KRW (+38%), Quality Score 51/100, 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 16,205 KRW, 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 14.1 % 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 Sep 23, 2026 was 11,730 KRW. Our model-based fair value is 16,205 KRW, about +38% 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?
Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (11,344 KRW to 21,067 KRW) leaves room in how you read the outcome.
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 933B KRW (≈ $653M). 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 1.28 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Lotte Tour Dev (032350)?
The net margin of Lotte Tour Dev is 4.2% (fiscal year 2025). 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 13.5% (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 18.4% (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 +28.1% 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 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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