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South Korea's largest cosmetics maker, selling skincare and makeup brands like Sulwhasoo and Laneige.
South Korea's largest cosmetics maker, selling skincare and makeup brands like Sulwhasoo and Laneige.
Sells through department stores, duty-free shops, its own stores and online, with Laneige now the fastest-growing brand overseas, particularly in the US. China was long its biggest overseas market and demand there has weakened. The Suh family, which founded the group, controls it through a holding company, AmorePacific Group.
In one line: Korea's Estée Lauder.
Moat: narrow (brand, distribution). Portfolio of well-known K-beauty brands with strong domestic and export distribution.
Headquarters: Seoul, South Korea · Founded: 1945 · Employees: 4,748
Size Amorepacific (090430.KS) is a South Korea Consumer Staples company (Household/Personal Care) with a market value of $6.03B, the 69th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩133,300 on 6 Nov 2026.
Performance Over six months the shares fell 1.5%, against +12.5% for the median peer and -24.5% for the South Korea market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 10.1% over the last twelve months (peer median +6.2%); the operating margin is 8.9% (peer median 13.9%).
Valuation It trades at 23.8× forward earnings against a peer median of 19.9× (10th most expensive of 20).
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 -1%, so the hurdle is +5 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 0.1 points above its cost of capital (5.4% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩4.60T | ₩4.25T | ₩3.89T | ₩3.67T | ₩4.13T |
| Revenue growth | — | +9% | +6% | -11% | — |
| Gross profit | n/a | ₩2.87T | ₩2.56T | ₩2.34T | ₩2.59T |
| EBITDA | n/a | ₩604B | ₩478B | ₩360B | ₩503B |
| Net income | ₩278B | ₩236B | ₩593B | ₩180B | ₩134B |
| Free cash flow | n/a | ₩519B | ₩254B | ₩214B | ₩51.6B |
| Capital expenditure | n/a | ₩91.3B | ₩106B | ₩174B | ₩135B |
| Total debt | n/a | ₩350B | ₩440B | ₩350B | ₩357B |
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 |
|---|---|---|---|---|---|---|
| Amorepacific 090430.KS | $6.03B | -1% | +10% | 9% | 23.8× | 4.0% |
| LG H&h 051900.KS | $2.56B | -8% | -3% | 3% | 18.5× | -0.1% |
| Estée Lauder Companies (The) EL | $39.9B | +28% | +6% | 13% | 31.1× | 16.8% |
| Shiseido 4911.T | $9.52B | +20% | +5% | 4% | 32.8× | 17.5% |
| L'Oreal OR.PA | $268B | +25% | +3% | 21% | 32.8× | 18.1% |
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 | 090430.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.8% | +9.6% | 4th lowest of 21 |
| 6-month return | -1.5% | +12.5% | 8th lowest of 21 |
| Distance from 52-week high | -20.4% | -10.2% | 9th lowest of 21 |
| Revenue growth (TTM) | +10.1% | +6.2% | 7th highest of 21 |
| Operating margin | 8.9% | 13.9% | 5th lowest of 21 |
| Forward P/E | 23.8× | 19.9× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 4.0% | 4.7% | 10th least demanding of 20 |
| Growth delivered (Del g) | -0.8% | +6.6% | 2nd lowest of 20 |
| Hurdle (Req g minus delivered) | +4.8 pp | -5.9 pp | 8th most demanding of 20 |
| ROIC minus cost of capital | +0.1 pp | +4.8 pp | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Amorepacific 090430.KS | South Korea | $6.03B | -1% | +10% | 9% | 23.8× | 4.0% | -0.8% |
| e.l.f. Beauty ELF | United States | $6.85B | +91% | +31% | 12% | 35.4× | 27.9% | +38.8% |
| APR 278470.KS | South Korea | $7.04B | -40% | +119% | 23% | 17.4× | -1.4% | +47.3% |
| Dabur India DABUR.NS | India | $7.13B | -19% | +9% | 15% | 32.1× | 27.3% | +6.6% |
| Reynolds Consumer Products REYN | United States | $5.08B | +10% | +2% | 14% | 14.6× | -0.2% | +2.7% |
| Mao Geping Cosmetics 1318.HK | Hong Kong | $4.92B | -28% | +32% | 31% | 15.0× | 4.7% | +41.1% |
| Cupid CUPID.NS | India | $4.83B | +158% | +122% | 34% | n/a | n/a | n/a |
| Colgate-Palmolive (India) COLPAL.NS | India | $4.83B | -23% | +9% | 28% | 32.2× | 30.8% | +4.5% |
| Interparfums IPAR | United States | $4.34B | +43% | +3% | 17% | 29.0× | 10.9% | +22.5% |
| Rohto Pharmaceutical 4527.T | Japan | $3.97B | +17% | +10% | 12% | 16.7× | -2.1% | +13.7% |
| Godrej Consumer Products GODREJCP.NS | India | $9.19B | -18% | +12% | 18% | 37.0× | 31.7% | +6.6% |
| Shiseido 4911.T | Japan | $9.52B | +20% | +5% | 4% | 32.8× | 17.5% | +1.0% |
| Coty COTY | United States | $3.57B | +64% | -1% | 5% | 13.3× | 11.3% | +4.6% |
| Kobayashi Pharmaceutical 4967.T | Japan | $3.29B | +20% | +4% | 6% | 50.2× | 17.6% | +1.9% |
| Hengan Int'l 1044.HK | Hong Kong | $3.28B | -16% | +2% | 11% | 9.1× | -8.8% | -0.1% |
| Lion 4912.T | Japan | $3.19B | +21% | +6% | 8% | 19.9× | -2.4% | +3.5% |
| Clorox CLX | United States | $12.1B | +8% | +6% | 14% | 17.4× | 2.7% | -1.8% |
| Unicharm 8113.T | Japan | $12.1B | +15% | 0% | 12% | 24.5× | -2.0% | +5.4% |
| Proya Cosmetics 603605.SS | China | $2.97B | -19% | +2% | 13% | 11.1× | -4.8% | +23.1% |
| Marico MARICO.NS | India | $12.3B | +8% | +20% | 16% | 51.8× | 28.0% | +11.1% |
| Puig Brands PUIG.MC | Spain | $12.5B | +16% | +4% | 16% | 17.9× | -3.0% | +11.7% |