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Korea's largest logistics/parcel-delivery company, providing e-commerce fulfillment, contract logistics and global freight forwarding.
Korea's largest logistics/parcel-delivery company, providing e-commerce fulfillment, contract logistics and global freight forwarding.
Is paid per parcel for delivery and under multi-year contracts to run warehouses for retailers and manufacturers, so parcel income tracks online-shopping volumes while contract logistics is steadier. CJ Corp, the group's holding company, is its controlling shareholder.
Moat: narrow (scale, installed base). Largest domestic parcel network and warehouse footprint, hard to replicate quickly.
Headquarters: Seoul, South Korea · Founded: 1930 · Employees: 6,847
Size Cj Logistics (000120.KS) is a South Korea Industrials company (Marine Shipping) with a market value of $1.01B, the 232nd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩68,600 on 6 Nov 2026.
Performance Over six months the shares fell 32.1%, against +0.4% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 5.4% over the last twelve months (peer median +6.2%); the operating margin is 3.9% (peer median 33.3%).
Valuation It trades at 7.8× forward earnings against a peer median of 9.5× (6th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.7 points below its cost of capital (5.0% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩12.8T | ₩12.3T | ₩12.1T | ₩11.8T | ₩12.1T |
| Revenue growth | — | +1% | +3% | -3% | — |
| Gross profit | ₩1.28T | ₩1.28T | ₩1.31T | ₩1.23T | ₩1.13T |
| EBITDA | ₩1.19T | ₩1.16T | ₩1.14T | ₩1.06T | ₩912B |
| Net income | ₩223B | ₩242B | ₩241B | ₩207B | ₩163B |
| Free cash flow | ₩173B | ₩308B | ₩403B | ₩556B | ₩344B |
| Capital expenditure | ₩631B | ₩610B | ₩239B | ₩318B | ₩305B |
| Total debt | ₩4.23T | ₩4.27T | ₩3.90T | ₩3.57T | ₩4.15T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000120.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.4% | -5.4% | 6th highest of 21 |
| 6-month return | -32.1% | +0.4% | lowest of 20 |
| Distance from 52-week high | -55.1% | -15.4% | 2nd lowest of 21 |
| Revenue growth (TTM) | +5.4% | +6.2% | 9th lowest of 20 |
| Operating margin | 3.9% | 33.3% | 3rd lowest of 20 |
| Forward P/E | 7.8× | 9.5× | 6th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -4.0% | -2.5% | 5th least demanding of 12 |
| Growth delivered (Del g) | +2.6% | +9.6% | 2nd lowest of 12 |
| Hurdle (Req g minus delivered) | -6.7 pp | -12.6 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | -0.7 pp | +2.4 pp | 6th lowest of 19 |
| EV / EBITDA | 4.6× | 6.8× | 4th cheapest of 19 |
| Net debt / EBITDA | 3.2× | 1.3× | 5th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cj Logistics 000120.KS | South Korea | $1.01B | -32% | +5% | 4% | 7.8× | -4.0% | +2.6% |
| Iino Kaiun Kaisha,Ltd 9119.T | Japan | $1.04B | -6% | +1% | 11% | 11.6× | n/a | n/a |
| Odfjell ODF.OL | Norway | $960M | +3% | -10% | 18% | 6.9× | -12.7% | +5.6% |
| d'Amico International Shipping DIS.MI | Italy | $1.09B | -3% | -15% | 36% | 8.0× | -7.3% | +2.3% |
| 2020 Bulkers 2020.OL | Norway | $1.10B | +20% | +256% | 92% | 170.2× | 9.2% | +7.3% |
| Evergreen International Storage & Transport 2607.TW | Taiwan | $897M | +18% | -15% | 11% | n/a | n/a | n/a |
| Genco Shipping & Trading GNK | United States | $1.13B | 0% | +26% | 17% | 10.2× | n/a | n/a |
| Volare Shipping VLCC.OL | Norway | $1.17B | n/a | n/a | n/a | n/a | n/a | n/a |
| Gujarat Pipavav Port GPPL.NS | India | $851M | +4% | +25% | 52% | 14.7× | 16.2% | +9.6% |
| Algoma Central ALC.TO | Canada | $846M | +30% | +18% | 34% | 13.6× | n/a | n/a |
| Capital Clean Energy Carriers CCEC | United States | $1.24B | +3% | +5% | 50% | 8.1× | n/a | n/a |
| Safe Bulkers SB | United States | $809M | +1% | +11% | 33% | 9.4× | 3.6% | +6.8% |
| MPC Container Ships MPCC.OL | Norway | $1.26B | 0% | -15% | 37% | 7.8× | -13.3% | +27.1% |
| Rizhao Port 600017.SS | China | $1.26B | -7% | +3% | 13% | 17.1× | n/a | n/a |
| Dfds A/s DFDS.CO | Denmark | $1.33B | +8% | +3% | 3% | 17.0× | 4.6% | +17.2% |
| Solstad Maritime SOMA.OL | Norway | $1.36B | -6% | +17% | 40% | 5.5× | -2.5% | +22.7% |
| Himalaya Shipping HSHP.OL | Norway | $729M | -2% | +36% | 61% | 7.5× | -3.3% | +36.0% |
| Global Ship Lease GSL | United States | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% | +22.1% |
| Dampskibsselskabet NORDEN A/S DNORD.CO | Denmark | $1.46B | +15% | +7% | 3% | 9.6× | n/a | n/a |
| MITSUI-SOKO 9302.T | Japan | $1.52B | -22% | +6% | 7% | 17.8× | -1.6% | +3.4% |
| Klaveness Combination Carriers KCC.OL | Norway | $661M | 0% | +21% | 26% | 5.8× | n/a | n/a |