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Lotte Group's retail arm — department stores, Lotte Mart discount stores, supermarkets, cinemas and e-commerce.
Lotte Group's retail arm — department stores, Lotte Mart discount stores, supermarkets, cinemas and e-commerce.
Department stores earn commissions on what brands sell on their floors, while hypermarkets and supermarkets buy and resell goods on thinner margins, so mix matters. Controlled by the Lotte family group, it has closed weaker stores since 2020, exited China hypermarkets and kept mart operations in Vietnam and Indonesia.
Moat: narrow (scale, brand). Large multi-format retail network, though losing share to e-commerce and convenience formats.
Headquarters: Seoul, South Korea · Founded: 1970 · Employees: 17,712
Size Lotte Shopping (023530.KS) is a South Korea Consumer Discretionary company (Department Stores) with a market value of $1.87B, the 143rd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩89,700 on 6 Nov 2026.
Performance Over six months the shares fell 33.2%, against -9.1% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 1.1% over the last twelve months (peer median -0.7%); the operating margin is 4.7% (peer median 5.5%).
Valuation It trades at 7.9× forward earnings against a peer median of 15.3× (4th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.4 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩14.0T | ₩13.7T | ₩14.0T | ₩14.6T | ₩15.5T |
| Revenue growth | — | -2% | -4% | -6% | — |
| Gross profit | ₩5.83T | ₩5.66T | ₩5.65T | ₩5.70T | ₩5.67T |
| EBITDA | ₩1.75T | ₩1.56T | ₩1.55T | ₩1.69T | ₩1.61T |
| Net income | ₩181B | ₩51.6B | -₩980B | ₩164B | -₩333B |
| Free cash flow | ₩1.06T | ₩749B | ₩360B | ₩548B | ₩783B |
| Capital expenditure | ₩624B | ₩698B | ₩927B | ₩863B | ₩576B |
| Total debt | ₩14.2T | ₩13.8T | ₩14.9T | ₩14.4T | ₩15.3T |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Lotte Shopping 023530.KS | $1.87B | -33% | +1% | 5% | 7.9× | 5.8% |
| Shinsegae 004170.KS | $1.59B | -38% | +7% | 9% | 5.8× | -2.2% |
| emart 139480.KS | $1.45B | -31% | -1% | 1% | 22.6× | 20.4% |
| Hyundaideptst 069960.KS | $1.29B | -23% | -3% | 9% | 7.0× | -17.1% |
| Coupang CPNG | $29.2B | -4% | +7% | -3% | 55.9× | n/a |
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 | 023530.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.4% | -1.2% | 3rd lowest of 21 |
| 6-month return | -33.2% | -9.1% | 3rd lowest of 21 |
| Distance from 52-week high | -57.2% | -41.6% | 5th lowest of 21 |
| Revenue growth (TTM) | +1.1% | -0.7% | 8th highest of 21 |
| Operating margin | 4.7% | 5.5% | 8th lowest of 21 |
| Forward P/E | 7.9× | 15.3× | 4th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 5.8% | 1.0% | 4th most demanding of 18 |
| Growth delivered (Del g) | -3.2% | +0.8% | 4th lowest of 18 |
| Hurdle (Req g minus delivered) | +9.0 pp | +0.9 pp | 4th most demanding of 18 |
| ROIC minus cost of capital | -3.4 pp | -1.3 pp | 5th lowest of 21 |
| EV / EBITDA | 9.3× | 8.0× | 3rd most expensive of 9 |
| Net debt / EBITDA | 6.9× | 3.4× | most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lotte Shopping 023530.KS | South Korea | $1.87B | -33% | +1% | 5% | 7.9× | 5.8% | -3.2% |
| Seria 2782.T | Japan | $1.91B | +18% | +13% | 9% | 15.2× | -2.1% | +5.0% |
| Easyhome New Retail 000785.SZ | China | $1.97B | -18% | -23% | 3% | 19.3× | 1.0% | +4.4% |
| Beijing United Information Technology 603613.SS | China | $2.05B | -30% | -4% | 5% | n/a | n/a | n/a |
| H2O Retailing 8242.T | Japan | $2.10B | +17% | 0% | 5% | 12.3× | -9.7% | -1.6% |
| Wangfujing 600859.SS | China | $1.65B | -21% | -10% | 5% | 244.5× | -13.6% | -2.4% |
| Shinsegae 004170.KS | South Korea | $1.59B | -38% | +7% | 9% | 5.8× | -2.2% | +7.8% |
| Anhui Anfu Battery Technology 603031.SS | China | $1.43B | -39% | +4% | 23% | 23.0× | -0.2% | +21.9% |
| Ceconomy CEC.DE | Germany | $2.47B | +9% | +4% | 1% | 7.8× | 2.9% | +2.1% |
| Kohl's KSS | United States | $2.61B | +59% | -3% | 4% | 15.3× | 0.0% | -0.5% |
| Hyundaideptst 069960.KS | South Korea | $1.29B | -23% | -3% | 9% | 7.0× | -17.1% | +13.2% |
| Izumi 8273.T | Japan | $1.28B | -1% | +1% | 5% | 11.2× | n/a | n/a |
| Hunan Friendship & Apollo Commercial 002277.SZ | China | $1.23B | -5% | -20% | -60% | n/a | 21.6% | -15.5% |
| Maoye Commercial 600828.SS | China | $1.13B | -13% | -22% | -3% | n/a | 12.9% | -8.4% |
| Fujian Dongbai (Group) 600693.SS | China | $1.11B | -23% | -1% | 32% | 62.6× | 4.1% | +0.9% |
| Nanjing Xinjiekou Department Store 600682.SS | China | $1.07B | -22% | -11% | -16% | n/a | 5.7% | +2.4% |
| CCOOP 000564.SZ | China | $3.55B | -23% | +19% | -46% | n/a | n/a | n/a |
| Far Eastern Department Stores 2903.TW | Taiwan | $910M | -5% | -1% | 13% | n/a | 0.5% | -1.8% |
| Harvey Norman HVN.AX | Australia | $3.84B | +2% | +5% | 18% | 13.8× | 4.7% | +0.8% |
| Takashimaya 8233.T | Japan | $3.98B | +14% | +2% | 11% | 15.6× | 2.4% | -6.3% |
| Matsuya 8237.T | Japan | $869M | +54% | -1% | 6% | 149.2× | 35.3% | -2.8% |