Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩19,910, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 11x in the Hospitality industry in South Korea. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩34,064 per share. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩16,130, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Hospitality industry in South Korea. Total returns to shareholders of 22% over the past three years. New Risk • Mar 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risk Large one-off items impacting financial results. Aankondiging • Mar 04
Lotte Tour Development Co., Ltd., Annual General Meeting, Mar 27, 2026 Lotte Tour Development Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 12, noyeon-ro, jeju-do, jeju South Korea Price Target Changed • Dec 09
Price target increased by 7.9% to ₩27,167 Up from ₩25,167, the current price target is an average from 6 analysts. New target price is 18% above last closing price of ₩23,000. Stock is up 188% over the past year. The company is forecast to post a net loss per share of ₩15.00 next year compared to a net loss per share of ₩1,531 last year. Price Target Changed • Dec 03
Price target increased by 8.2% to ₩26,500 Up from ₩24,500, the current price target is an average from 6 analysts. New target price is 19% above last closing price of ₩22,350. Stock is up 163% over the past year. The company is forecast to post a net loss per share of ₩125 next year compared to a net loss per share of ₩1,531 last year. New Risk • Nov 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 07
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₩82.00 (up from ₩368 loss in 3Q 2024). Revenue: ₩186.7b (up 34% from 3Q 2024). Net income: ₩6.50b (up ₩35.5b from 3Q 2024). Profit margin: 3.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 86%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Hospitality industry in South Korea. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 03
Price target increased by 11% to ₩24,000 Up from ₩21,571, the current price target is an average from 6 analysts. New target price is 36% above last closing price of ₩17,640. Stock is up 77% over the past year. The company is forecast to post a net loss per share of ₩530 next year compared to a net loss per share of ₩1,531 last year. Price Target Changed • Sep 11
Price target increased by 7.1% to ₩22,143 Up from ₩20,667, the current price target is an average from 7 analysts. New target price is 33% above last closing price of ₩16,660. Stock is up 79% over the past year. The company is forecast to post a net loss per share of ₩551 next year compared to a net loss per share of ₩1,531 last year. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: ₩78.00 (vs ₩33.00 loss in 2Q 2024) Second quarter 2025 results: EPS: ₩78.00 (up from ₩33.00 loss in 2Q 2024). Revenue: ₩157.7b (up 36% from 2Q 2024). Net income: ₩5.95b (up ₩8.44b from 2Q 2024). Profit margin: 3.8% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in South Korea. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 08
Price target increased by 15% to ₩18,000 Up from ₩15,667, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₩17,840. Stock is up 83% over the past year. The company is forecast to post a net loss per share of ₩582 next year compared to a net loss per share of ₩1,531 last year. Breakeven Date Change • Jul 07
Forecast breakeven date moved forward to 2026 The 6 analysts covering Lotte Tour Development previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 100% to 2025. The company is expected to make a profit of ₩4.68b in 2026. Average annual earnings growth of 109% is required to achieve expected profit on schedule. Major Estimate Revision • Jul 04
Consensus estimates of losses per share improve by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩573.4m to ₩582.4m. EPS estimate increased from -₩775 per share to -₩697 per share. Hospitality industry in South Korea expected to see average net income growth of 46% next year. Consensus price target up from ₩15,667 to ₩16,667. Share price rose 2.6% to ₩17,380 over the past week. Major Estimate Revision • Jun 18
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -₩688 to -₩775 per share. Revenue forecast of ₩573.4m unchanged since last update. Hospitality industry in South Korea expected to see average net income growth of 46% next year. Consensus price target up from ₩14,200 to ₩15,667. Share price rose 19% to ₩15,450 over the past week. New Risk • Jun 17
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: ₩102b Forecast net loss in 2 years: ₩1.2b This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Price Target Changed • Jun 13
Price target increased by 7.5% to ₩14,833 Up from ₩13,800, the current price target is an average from 6 analysts. New target price is 11% above last closing price of ₩13,400. Stock is up 33% over the past year. The company is forecast to post a net loss per share of ₩775 next year compared to a net loss per share of ₩1,531 last year. Major Estimate Revision • May 24
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₩560.1m to ₩569.8m. Forecast EPS reduced from -₩624 to -₩688 per share. Hospitality industry in South Korea expected to see average net income growth of 59% next year. Consensus price target up from ₩13,800 to ₩14,200. Share price was steady at ₩11,280 over the past week. Breakeven Date Change • May 24
Forecast breakeven date pushed back to 2027 The 5 analysts covering Lotte Tour Development previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 99% per year to 2026. The company is expected to make a profit of ₩26.0b in 2027. Average annual earnings growth of 107% is required to achieve expected profit on schedule. Major Estimate Revision • Apr 03
Consensus EPS estimates fall by 69%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₩577.9m to ₩590.9m. Forecast EPS reduced from -₩154 to -₩261 per share. Hospitality industry in South Korea expected to see average net income growth of 21% next year. Consensus price target of ₩14,333 unchanged from last update. Share price rose 4.9% to ₩8,410 over the past week. Price Target Changed • Mar 13
Price target decreased by 19% to ₩14,000 Down from ₩17,300, the current price target is an average from 4 analysts. New target price is 83% above last closing price of ₩7,670. Stock is down 16% over the past year. The company is forecast to post a net loss per share of ₩1,073 next year compared to a net loss per share of ₩2,721 last year. Aankondiging • Mar 01
Lotte Tour Development Co., Ltd., Annual General Meeting, Mar 28, 2025 Lotte Tour Development Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 12, noyeon-ro, jeju-do, jeju South Korea Aankondiging • Dec 14
Lotte Tour Development Co., Ltd.(KOSE:A032350) dropped from KOSPI 200 Index Lotte Tour Development Co., Ltd. has been dropped from the the KOSPI 200 Index. Breakeven Date Change • Dec 03
Forecast breakeven date pushed back to 2026 The 4 analysts covering Lotte Tour Development previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 99% per year to 2025. The company is expected to make a profit of ₩40.7b in 2026. Average annual earnings growth of 104% is required to achieve expected profit on schedule. Breakeven Date Change • Jul 19
Forecast to breakeven in 2025 The 4 analysts covering Lotte Tour Development expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 100% to 2024. The company is expected to make a profit of ₩12.3b in 2025. Average annual earnings growth of 110% is required to achieve expected profit on schedule. Major Estimate Revision • Jul 09
Consensus estimates of losses per share improve by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩437.0m to ₩457.3m. EPS estimate increased from -₩1,395 per share to -₩943 per share. Hospitality industry in South Korea expected to see average net income growth of 21% next year. Consensus price target of ₩18,375 unchanged from last update. Share price was steady at ₩9,780 over the past week. Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩455.5m to ₩437.0m. Losses expected to increase from ₩1,122 per share to ₩1,395. Hospitality industry in South Korea expected to see average net income growth of 21% next year. Consensus price target of ₩18,375 unchanged from last update. Share price was steady at ₩9,980 over the past week. New Risk • Jun 05
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: ₩147b Forecast net loss in 2 years: ₩1.5b This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (₩1.5b net loss in 2 years). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Breakeven Date Change • Jun 05
No longer forecast to breakeven The 4 analysts covering Lotte Tour Development no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₩47.7m in 2025. New consensus forecast suggests the company will make a loss of ₩14.5m in 2025. Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 291%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩436.6m to ₩455.5m. Forecast EPS reduced from -₩287 to -₩1,122 per share. Hospitality industry in South Korea expected to see average net income growth of 30% next year. Consensus price target down from ₩20,500 to ₩18,375. Share price fell 6.0% to ₩9,450 over the past week. Buy Or Sell Opportunity • Apr 23
Now 21% undervalued Over the last 90 days, the stock has risen 1.9% to ₩9,430. The fair value is estimated to be ₩11,992, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 108% per annum over the same time period. Major Estimate Revision • Jan 05
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -₩1,212 to -₩1,419 per share. Revenue forecast of ₩339.4m unchanged since last update. Hospitality industry in South Korea expected to see average net income growth of 8.1% next year. Consensus price target of ₩20,500 unchanged from last update. Share price rose 3.9% to ₩9,750 over the past week. Breakeven Date Change • Nov 18
Forecast breakeven date pushed back to 2025 The 3 analysts covering Lotte Tour Development previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 99% per year to 2024. The company is expected to make a profit of ₩40.1b in 2025. Average annual earnings growth of 120% is required to achieve expected profit on schedule. Price Target Changed • Nov 18
Price target decreased by 15% to ₩20,500 Down from ₩24,000, the current price target is an average from 3 analysts. New target price is 89% above last closing price of ₩10,850. Stock is down 3.6% over the past year. The company is forecast to post a net loss per share of ₩945 next year compared to a net loss per share of ₩3,136 last year. New Risk • Oct 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Aankondiging • Aug 31
Lotte Tour Development Co., Ltd. announced that it has received KRW 16.3 billion in funding On August 29, 2023, Lotte Tour Development Co., Ltd. closed the transaction. New Risk • Aug 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩54b). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Buying Opportunity • Aug 11
Now 21% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be ₩16,277, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 104% in a year. Earnings is forecast to grow by 78% in the next year. Major Estimate Revision • Aug 03
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -₩974 to -₩1,082 per share. Revenue forecast unchanged at ₩352.1m. Hospitality industry in South Korea expected to see average net income growth of 34% next year. Consensus price target of ₩22,500 unchanged from last update. Share price rose 3.4% to ₩10,100 over the past week. Buying Opportunity • Jul 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ₩11,607, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 104% in a year. Earnings is forecast to grow by 82% in the next year. Major Estimate Revision • Jun 15
Consensus EPS estimates fall by 60% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩396.0m to ₩360.1m. Losses expected to increase from ₩574 per share to ₩919. Hospitality industry in South Korea expected to see average net income growth of 37% next year. Consensus price target of ₩22,500 unchanged from last update. Share price fell 3.6% to ₩11,440 over the past week. Reported Earnings • May 18
First quarter 2023 earnings released: ₩1,285 loss per share (vs ₩695 loss in 1Q 2022) First quarter 2023 results: ₩1,285 loss per share (further deteriorated from ₩695 loss in 1Q 2022). Revenue: ₩47.1b (up 9.3% from 1Q 2022). Net loss: ₩93.7b (loss widened 94% from 1Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target decreased by 21% to ₩19,000 Down from ₩24,000, the current price target is an average from 2 analysts. New target price is 74% above last closing price of ₩10,950. Stock is down 33% over the past year. The company is forecast to post a net loss per share of ₩315 next year compared to a net loss per share of ₩3,136 last year. Breakeven Date Change • Mar 17
Forecast breakeven date moved forward to 2023 The 2 analysts covering Lotte Tour Development previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of ₩5.35b in 2023. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Breakeven Date Change • Nov 16
Forecast breakeven date pushed back to 2024 The 3 analysts covering Lotte Tour Development previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 99% per year to 2023. The company is expected to make a profit of ₩10.0b in 2024. Average annual earnings growth of 93% is required to achieve expected profit on schedule. Breakeven Date Change • Aug 17
No longer forecast to breakeven The 3 analysts covering Lotte Tour Development no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₩15.5m in 2023. New consensus forecast suggests the company will make a loss of ₩18.0m in 2024. Buying Opportunity • Jun 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be ₩18,017, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has declined by 68%. Revenue is forecast to grow by 140% in a year. Earnings is forecast to grow by 85% in the next year. Breakeven Date Change • May 19
Forecast breakeven date pushed back to 2023 The 3 analysts covering Lotte Tour Development previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 100% to 2022. The company is expected to make a profit of ₩18.8b in 2023. Average annual earnings growth of 93% is required to achieve expected profit on schedule. Price Target Changed • Apr 27
Price target decreased to ₩24,000 Down from ₩28,000, the current price target is an average from 3 analysts. New target price is 45% above last closing price of ₩16,600. Stock is down 6.7% over the past year. The company is forecast to post a net loss per share of ₩404 next year compared to a net loss per share of ₩2,895 last year. Breakeven Date Change • Apr 27
Forecast breakeven date pushed back to 2023 The 3 analysts covering Lotte Tour Development previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 100% to 2022. The company is expected to make a profit of ₩36.1b in 2023. Average annual earnings growth of 119% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 31
Forecast breakeven date pushed back to 2023 The 2 analysts covering Lotte Tour Development previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 100% to 2022. The company is expected to make a profit of ₩56.0b in 2023. Average annual earnings growth of 132% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 17
Forecast breakeven date pushed back to 2023 The 2 analysts covering Lotte Tour Development previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of ₩56.0b in 2023. Average annual earnings growth of 105% is required to achieve expected profit on schedule. Major Estimate Revision • Aug 19
Consensus revenue estimates fall to ₩145.0m The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from ₩261.3m to ₩145.0m. Forecast losses increased from -₩1,120 to -₩2,015 per share. Hospitality industry in South Korea expected to see average net income growth of 54% next year. Consensus price target of ₩28,500 unchanged from last update. Share price fell 8.5% to ₩17,650 over the past week. Aankondiging • Mar 13
Lotte Tour Development Co., Ltd. announced that it has received KRW 57.26 billion in funding On March 11, 2021, Lotte Tour Development Co., Ltd. (KOSE:A032350) closing the transaction. The company amended the terms of the transaction received KRW 57,260,000,000 in the transaction. The transaction included participation from CCG Investment Asia Limited. Aankondiging • Feb 27
Lotte Tour Development Co., Ltd., Annual General Meeting, Mar 26, 2021 Lotte Tour Development Co., Ltd., Annual General Meeting, Mar 26, 2021, at 09:01 Korea Standard Time. Is New 90 Day High Low • Feb 17
New 90-day high: ₩18,350 The company is up 17% from its price of ₩15,700 on 19 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is up 8.0% over the same period. Aankondiging • Jan 17
Lotte Tour Development Co., Ltd. announced that it expects to receive KRW 63 billion in funding Lotte Tour Development Co., Ltd. (KOSE:A032350) announced a private placement of round 7 non-guaranteed, unsecured, privately held convertible bonds for gross proceeds of KRW 63,000,000,000 on January 15, 2021. The transaction will involve participation from new investor CCG Investment Asia Limited. The bonds bear fixed coupon rate of 2.5% per annum, yield to maturity rate of 4.5% per annum, and will mature on January 14, 2025. The bonds are fully convertible at a conversion price of KRW 15,550 per share into 4,051,446 shares for 5.5% of total shares. The conversion period starts from March 11, 2022 and ends on January 07, 2025. The transaction has been approved by the board of directors of the company. The transaction is expected to close on March 11, 2021. Is New 90 Day High Low • Dec 28
New 90-day low: ₩14,300 The company is down 7.0% from its price of ₩15,400 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 7.0% over the same period. Aankondiging • Nov 28
Lotte Tour Development Co., Ltd. announced that it expects to receive KRW 100 billion in funding Lotte Tour Development Co., Ltd. (KOSE:A032350) announced a private placement of round 7 non-guaranteed, unsecured, privately held convertible bonds for gross proceeds of KRW 100,000,000,000 on November 26, 2020. The transaction will involve participation from new investor CCG Investment Asia Limited. The bonds bear fixed coupon rate of 2.5% per annum, yield to maturity rate of 4.5% per annum, and will mature on January 14, 2025. The bonds are fully convertible at a conversion price of KRW 17,100 per share into 5,847,953 shares for 7.8% of total shares. The conversion period starts from January 15, 2022 and ends on January 13, 2025. The transaction has been approved by the board of directors of the company. The transaction is expected to close on January 15, 2021.