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KREDKRED
006730KOSDAQ

Seobu T&D

11,860
+40 (+0.34%)

Price chart

  • MA5
  • MA20
  • MA60

Adjusted prices rescale past bars with coefficients taken from the base prices the exchange itself published, correcting for corporate actions such as stock splits and reverse splits. Cash dividends are not reflected, and the risk measures on this page never use these adjusted figures.

Market capitalizationKRW 1T

Each day's close multiplied by the listed share count of this share class alone, sampled weekly. It is the figure for this issue only, not a combined total across common and preferred shares.

Overview

Summary

Seobu T&D was established in 1979 and is listed on the KOSDAQ market. Based in Seoul, the company operates as a corporate entity with several subsidiaries, including real estate investment companies and Corelle Brands Asia Holdings.

The company operates in tourism hotels, shopping malls, logistics facilities, and tableware manufacturing. Its main assets include the Seoul Dragon City hotel complex and the Square One shopping mall. It also manages logistics hubs and distributes tableware through its subsidiaries in the Asia-Pacific region.

Business overview as filed

당사는 사업부문을 관광호텔업, 쇼핑몰운영, 물류시설운영, 식기류 제조 및 판매, 석유류판매 및 부동산임대 등으로 구분하여 관리하고 있습니다.

매출현황 (*)2025년 3분기부터 기존의 석유류판매 부문은 중단영업으로 분류되어 재무제표상 매출에 반영되지 않습니다.

가. 관광호텔업2017년 서울의 중심, 용산에 문을 연 서울드래곤 시티는 1,700개 객실의 규모를 갖춘 국내 최초 호텔플렉스로 호텔, 쇼핑, 문화 공간, 레스토랑 & 바, 컨벤션 등 다양한 라이프스타일 시설을 모두 갖추고 있습니다. 총 4개의 아코르 호텔 그룹 브랜드로 구성되어 다양한 규모와 컨셉의 객실을 제공하고 있으며 각 호텔의 브랜드 컨셉을 살려 총 12개의 레스토랑과 바를 운영하고 있습니다. 이에 더해 미팅룸, 그랜드 볼룸, 프라이빗 다이닝 룸 등을 갖춰 세미나 및 비즈니스 미팅, 연회 및 회갑연 등 다양한 행사 장소로 매출을 창출하고 있습니다. 2022년 12월 31일에는 GKL이 운영하는 세븐럭 카지노를 오픈하여 해외고객들에게 한층 업그레이드 된 모습을 선보이고 있습니다. 아울러 2026년에는 스카이킹덤 31층에 신규 대연회장이 오픈될 예정으로, 서울 도심 전망을 갖춘 럭셔리 웨딩 및 프리미엄 연회 행사 개최가 가능해져 고부가가치 MICE 행사 유치 경쟁력을 한층 강화할 것으로 기대되며, 향후 연회 및 식음 매출 증대에도 긍정적인 영향을 미칠 것으로 전망됩니다.

나. 쇼핑몰운영업

당사는 인천 연수구에 스퀘어원이라는 복합 쇼핑몰을 운영중에 있습니다. 2012년 오픈 이후 안정적인 성장을 지속 중입니다. 지속적인 식음 매장의 개편, 라이프 스타일 매장의 보완, 사은행사와 가격 할인 행사, 포인트 카드(타사 적립률의 10배) 운영 등으로 경기변동에 적극 대응하고 있으며, 지속적인 시설 인테리어 리뉴얼, 전분야에 걸친 차별적인 MD개편추진, 특히 편의시설인 은행유치를 통한 차별화 도모 등의 도시형 라이프스타일을 제공하여 고객의 생활을 업그레이드 할 수 있는 고품격의 가치 실현, 고객 중심의 서비스, 문화 제공을 위한 다양한 프로모션 및 문화 컨텐츠, 차별화된 컨셉의 서비스 제공등으로 안정적인 성장을 위해 최선을 다하고 있습니다. 또한당사 직영의 베이커리 전문점을 오픈하여 운영중에 있으며 다양한 고객 니즈를 충족시키고자 노력하고 있습니다. 2024년 4월, 기업은행이 입점하며 스퀘어원은 금융 서비스까지 제공하는 토탈 생활 편의 공간으로의 역할을 하고 있습니다.

다. 물류시설운영업 및 석유류판매업

당사는 서울 서부권에 위치한 물류거점으로서 물류창고, 화물하치장 등 물류시설과 화물주선업자들이 사용하는 사무용 건물, 택배등 화물배송을 위한 차량의 주차시설등 국내 최대의 시설을 보유, 운영하였습니다. 국토교통부에서 주관한 도시첨단물류단지 사업에 적극 동참하여 고객에 대한 서비스를 한층 더 제고하고, 물류거점으로서의 역할을 강화하기 위해서 도시첨단물류 시범단지로서 지정을 받았고, 서울시로부터 2023년도 8월에 승인을 득하였습니다. 향후 물류센터뿐 아니라 상류시설 유치 등 복합개발을 통한 보유부동산의 가치를 증대시키기 위해 노력하고 있습니다. 2025년 9월 30일부로 석유류판매업은 영업을 중단하고 도시첨단물류단지 착공을 위해 철거를 시작하였습니다.

라. 임대사업

당사는 용산구 청파로에 위치한 원효상가 등 보유건물의 가치를 높히기 위해서 임대운영 중에 있으며, 이를 통해 수익증대에 기여하고 있습니다.

마. 주요 종속회사주요종속회사인 (주)신한서부티엔디위탁관리부동산투자회사 및 (주)신한서부티엔디제1호위탁관리부동산투자회사, (주)신한광화문지타워위탁관리부동산투자회사, (주)신한호텔마포위탁관리부동산투자회사는 공시 기준일 현재 투자 부동산을 4건 투자하고 있으며 종속회사인 (주)신한서부티엔디제2호위탁관리부동산투자회사는 부동산 1건을 투자하고 있습니다. 주요 종속회사에서는 투자 부동산을 통해 발생하는 임대수익 등을 재원으로 주요종속회사의 주주들에게 배당금을 지급하고자 합니다.2025년 종속회사로 편입된 코렐브랜드아시아홀딩스는 산하에 코렐브랜드코리아 및 코렐브랜드아시아, 코렐브랜드상하이 등 8개의 종속회사를 두고 아시아,태평양 지역 내 주방용품 제조 및 유통 사업을 영위하고 있습니다.본 사업의 개요에 요약된 내용의 세부사항 및 포함되지 않은 내용 등은 "II. 사업의 내용"의 "2. 주요 제품 및 서비스"부터 "7. 기타 참고사항"까지의 항목에 상세히 기재되어 있으며 이를 참고하여 주시기 바랍니다.

Company overview

1. 연결대상 종속회사 개황

연결대상 종속회사 현황(요약)

1-1. 연결대상회사의 변동내용 (*1) 당기 중 코렐브랜드아시아홀딩스(주)가 발행한 상환전환우선주를 취득하여 지배력을 획득하였습니다.(*2) 코렐브랜드아시아홀딩스의 종속기업입니다.

2. 회사의 법적ㆍ상업적 명칭당사의 명칭은 주식회사 서부티엔디이고 영문명은 Seobu T&D Co., Ltd 입니다.

3. 설립일자

당사는 공용 화물자동차정류장등을 사업목적으로 1979년 7월 12일에 설립되었습니다. 또한 1995년 9월 29일자로 코스닥증권시장에 상장한 주권상장법인입니다.

4. 본사의 주소, 전화번호, 홈페이지 주소

주소 : 서울시 양천구 신정로 167(신정동)전화번호 : 02 - 2689 - 0035홈페이지 : http://www.seobutnd.com

5. 중소기업 등 해당 여부

6. 주요 사업의 내용

당사는 관광호텔업, 쇼핑몰 운영업, 물류시설 운영업, 석유류 판매업, 식기류 제조 및 판매업을 주요사업으로 영위하고 있습니다. 다만 석유류 판매업의 경우 2025년 09월 30일부로 영업을 중단하고 2025년 3분기 부터 중단영업으로 회계처리를 하고 있습니다.

매출비중의 경우 2025년말 연결재무제표 기준 관광호텔업(68.97%), 쇼핑몰운영(14.89%), 식기류 제조 및 판매(14.11%)를 차지하고 있습니다. 종속회사 중 (주)신한서부티엔디위탁관리부동산투자회사를 포함한 종속회사 4개사는 부동산투자회사법에 따라 자산을 부동산 등에 투자·운용하여 수익을 주주에게 배당하는 것을 주요 사업으로 영위하고 있습니다.

7. 회사의 주권상장(또는 등록ㆍ지정) 및 특례상장에 관한 사항

Transcribed verbatim from the sentences the filer wrote in the fiscal 2025 business report (received 2026.03.19), tables and figures omitted.

  • The summary is written separately from the filed text and is not the filer's wording, so it may phrase things differently from or omit parts of the original, which is shown alongside for checking.
  • The company introduction reproduces the sentences the filer wrote in its business report, with tables, figures and the sentences that point to other sections of the report omitted, and the accuracy of their content has not been separately verified.

VaR

4.71%
[2.97%, 7.47%] · As of 2026-10-02
VaR by window

The headline's measure for each of the three windows on one scale, the dot being the estimate and the bar its interval. The windows are nested and share their observations, so the three readings are not three independent measurements. The selected window is highlighted.

Daily return distribution

The issue's daily returns over the chosen window counted into equal-width bins. The vertical lines mark the VaR and cVaR above on the loss side. The published VaR sample applies exclusion rules for halts and first sessions that this raw daily series does not, so the bars and the marks can differ slightly at the edges.

Drawdown

Deepest drawdown 51.0% (2026-06-26). How far below its previous peak the issue stood each day over the chosen window, a description of the path already travelled.

If these numbers are unfamiliarThere is a guide that walks through VaR, cVaR and annualized volatility in plain language.Read the guide

Characteristic line

0.40
Beta [0.27, 0.54] · KOSDAQ150 · As of 2026-10-08
Intercept
+0.076%[-0.390%, +0.541%]
R squared
0.13
Observations
252
Trading-time corrected beta
0.26[0.04, 0.48]
252-day rolling beta

A 252-day window rolled one day at a time over the longest daily span of the characteristic line. It shows when the beta against the KOSDAQ150 and the annualized volatility of the issue's excess return rose and fell, and unlike the headline figures above it carries no interval.

252-day rolling annualized volatility

Each point is one period's index excess return and issue excess return, and the line is the regression fitted to those points. The risk-free rate is the certificate of deposit rate.

Financials

2015Consolidated basis2016Consolidated basis2017Separate basis2018Separate basis2019Separate basis2020Consolidated basis2021Consolidated basis2022Consolidated basis2023Consolidated basis2024Consolidated basis2025Consolidated basisTTMConsolidated basis
RevenueKRW 100M5505595751,0811,2798489671,3531,6921,8752,4833,045
Revenue growth%—1.63—87.8718.35—14.1339.8525.0410.8332.46—
Operating incomeKRW 100M121131-140-0144-227-53192372480703822
Operating income growth%—8.14——————94.0228.9146.58—
Net incomeKRW 100M-13228-266-1040-3523922541,4746471,1621,326
Net income growth%———————-35.18480.24-56.1579.72—
Attributable to ownersKRW 100M-13228———-3474021671,383344791982
Attributable to minoritiesKRW 100M00———-5-108791303371344
Operating margin%22.0523.46-24.35-0.0111.29-26.75-5.5114.1822.0025.6028.3226.99
Net margin%-24.025.03-46.15-9.600.04-41.5540.5318.7887.1634.4946.7943.55
ROE%-3.290.62———-5.546.042.4616.103.447.469.23
ROA%-1.500.25-1.77-0.600.00-1.781.901.236.282.233.574.11
Debt ratio%118.75145.26210.72165.97169.36213.98156.91152.90135.45133.26134.70130.98
Current ratio%16.8019.2656.6438.2317.4251.5269.2118.1333.0730.0046.5644.41
Quick ratio%16.7319.1956.4638.0817.3251.4069.0118.0232.8129.7421.9818.48
Reserve ratio%2,241.372,182.051,583.712,094.801,953.911,723.191,817.111,826.522,228.742,084.402,285.692,282.61
OCF conversion%—553.51——79,838.35—21.07152.2533.4697.2791.33—
Receivable daysdays—41.4——————————
Inventory daysdays—6.8—2.22.5—3.03.44.04.5473.4—
Payable daysdays—257.2——————————
Cash conversion cycledays—-208.9——————————
EPSKRW-40185———-6187062872,3365331,2091,513
PERx—216.47————12.6626.973.0810.1710.836.38
BPSKRW—13,181———10,76611,25111,24913,95815,14516,21916,395
PBRx—1.40———0.700.790.690.520.360.810.59
Dividend per shareKRW—100———50505050100100—
Payout ratio%—117.65————7.0817.422.1418.768.27—

Profit flowKRW 100M

Revenue
2,483
Gross profit
1,282
Cost of sales
1,201
Non-operating income
780
Operating income
703
Other
579
Profit before tax
1,484
Net income
1,162
Income tax expense
321
Other
1

This diagram traces where revenue goes at each step on its way to net income, using the filed amounts as they are. The non-operating result is taken as the difference between profit before tax and operating income and is shown as income or expense by its sign, and whatever a step's items leave unexplained is shown separately as other.

Revenue compositionKRW 100M

Margins%

Cash flow by activityKRW 100M

Balance sheet compositionKRW 100M

Debt ratio%

The left bar splits assets into current and non-current and the right bar splits the financing of those assets into liabilities and equity, so the two bars stand at the same height.

Quarterly resultsKRW 100M

Year-on-year growth%

Each quarterly bar is that quarter's three months and is never mixed with an annual figure. The growth rate is computed only where the same quarter a year earlier is also shown here, and is left blank when the base was a loss.

Cash conversion cycledays

Inventory days and receivable days stack upward, payable days hang downward, and the cash conversion cycle they net to is drawn as the line. Each day count uses the average balance with the prior year, so the oldest year is not drawn. A day count whose line was not filed is left out, and the cycle is shown only for years that carry all three.

Owners' net margin%

Asset turnoverx

Financial leveragex

ROE%

ROE is the product of the owners' net margin, asset turnover and financial leverage. All three use period-end balances as denominators, and profit and equity are on the owners' basis, so the product matches the ROE in the table.

Financial statements

Balance sheet

20152016201720182019202020212022202320242025
8,78611,09915,026*17,24718,11219,78920,58320,65723,48028,94532,551
4,770*6,57410,190*10,76211,38813,48712,57112,48913,50716,53618,682
4,016*4,5254,836*6,4846,7246,3038,0128,1689,97212,40913,869

Income statement

20152016201720182019202020212022202320242025
5505595751,0811,2798489671,3531,6921,875*2,483
121131-140*-0144-227-53192372480*703
-11339-281*-65218-3623613051,768571*1,484
-13228-266*-1040-3523922541,4746471,162
Basic earnings per shareKRW-40185Not applicableNot applicableNot applicable-618*706*287*2,336*533Not applicable
Diluted earnings per shareKRW-40185Not applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicable533Not applicable
-133665-252*-102279-3924012541,9691,8231,159

Cash flow statement

20152016201720182019202020212022202320242025
Net incomefrom the income statement-13228-266-1040-3523922541,4746471,162
Total adjustments to operating cash flowcomputed129128364464376256-309133-981-18-101
-315699360376-96833874936291,061
-765-1,554-2,571-279-316-772-190157-57232*-2,798
7651,3782,776-285-84914351-550106-1141,773
Cash at beginning of periodKRW 100M615837341136112158401395422971
58373411361121584013954229711,019
Net change in cash and cash equivalentsKRW 100M-3-21304Not applicableNot applicableNot applicableNot applicableNot applicableNot applicable549*49

In the latest fiscal year operating and financing activities brought cash in while investing activities spent it.

A year whose own filing is absent is filled from the restated comparative in the following filing, and is marked as such. Operating indicators outside the statements, such as order backlogs, and audit opinions are not covered here, and per-share figures follow the filed values without retroactive adjustment for share splits.

Transcribed verbatim from the sentences the filer wrote in the fiscal {year} business report (received {date}), with tables, figures and cross-references to other sections omitted.

The newest annual filing shown was received on 2026.03.19.

Audit opinion

Fiscal yearOpinionAuditorFiscal year end
2026적정의견Term 46삼일회계법인2025-12-31
2025적정의견Term 45삼일회계법인2025-12-31
2024적정의견Term 44우리회계법인2025-12-31
2022적정Term 43우리회계법인2022-12-31
2021적정Term 42우리회계법인2022-12-31
2020적정Term 41삼일회계법인2022-12-31
2019적정Term 40삼일회계법인(*1)2019-12-31
2018적정Term 39삼정회계법인2019-12-31
2017적정Term 38삼일회계법인2019-12-31

The auditor's name and the opinion are transcribed verbatim from the filed audit report, and the wording follows the filer. A fiscal year shown twice means the filing carried two entries that the source does not distinguish.

Korean audit opinions come in four kinds, where an unqualified opinion (적정) finds the statements fairly presented, a qualified opinion (한정) does so except for a stated matter, an adverse opinion (부적정) finds them not fairly presented, and a disclaimer of opinion (의견거절) means the auditor could not obtain enough evidence to form a view.

Valuation

Valuation multiplesx

PER and PBR divide each period's closing price by the per-share figure filed for that same period, and a loss period is left blank. The quarterly view is a multiple of quarterly EPS.

Dividend historyKRW

The dividend-per-share bars are restated onto the current share basis for splits and par-value changes. The payout ratio and the dividend yield divide figures filed for the same period and are left unadjusted.

Payout ratio and dividend yield%

PER bandKRW

The price is the adjusted close and each band line multiplies the EPS of the latest completed fiscal year by a fixed multiple. The previous year's EPS stays in force until the next fiscal year ends, and the multiples divide the range between the lowest and highest annual PER on record into equal steps.

Valuation models

Five models priced under one set of assumptions, set beside the current price, with how each has moved by fiscal year.

Assumptions

Risk-free rate10-year treasury yield · 2026-10-084.40%
BetaDaily 5Y0.47
%
%
Cost of equity6.74%
Weighted average cost of capital—
Initial growth6.8%
Effective tax rate21.6%
Base fiscal year2025
Current priceKRW11,860

The risk premium and the terminal growth rate are adjustable assumptions, and the rest follow from the data and the formulas.

ModelModel priceKRWVersus current price
Gordon growth model2,150-81.9%
Dividend discount model DDM2,404-79.7%
Discounted cash flow FCFFNo cash flow lines
Discounted cash flow FCFENo cash flow lines
Residual income model RIM19,105+61.1%
The table prices the newest fiscal year's accounts at today's treasury yield and the current price.

Dividend and residual income familyKRW

Discounted cash flow familyKRW

Each fiscal year's figures use that year's accounts and the treasury yield at its period end, with beta held at its current value, and splits or par changes are restated to the current share basis.

How the figures are calculated

Each model's formula is shown in symbols and then with this issue's own numbers substituted, step by step. Changing a value in the assumptions panel changes the numbers here too. Firm-level amounts are in hundred million won and per-share values in won.

Cost of equity

r=rf+β×ERPr = r_f + \beta \times \mathit{ERP}

r = 4.40% + 0.47 × 5.00% = 6.74%

Initial growth

g1=max⁡{ROE×(1−payout), 0},gt=g1+(gT−g1) t−1N−1g_1 = \max\{\mathit{ROE} \times (1 - \text{payout}),\,0\},\qquad g_t = g_1 + (g_T - g_1)\,\frac{t-1}{N-1}

g_1 = max(7.46% × (1 − 8.27%), 0) = 6.84%

Growth starts at this value in the first year and falls by equal steps each year to reach the terminal rate in the fifth

Gordon growth model

P0=D0 (1+gT)r−gTP_0 = \frac{D_0\,(1 + g_T)}{r - g_T}

P_0 = 100 × (1 + 2.00%) / (6.74% − 2.00%) = 102 / 0.0474 = 2,150 KRW

Dividend discount model DDM

P0=∑t=1NDt(1+r)t+DN(1+gT)(r−gT) (1+r)N,Dt=Dt−1(1+gt)P_0 = \sum_{t=1}^{N} \frac{D_t}{(1+r)^t} + \frac{D_N (1+g_T)}{(r - g_T)\,(1+r)^N},\qquad D_t = D_{t-1}(1+g_t)

D_0 = 100, g_1 = 6.84%, g_T = 2.00%, r = 6.74%

YearGrowthDividend KRWDiscount factorPresent value KRW
16.84%1070.9368100
25.63%1130.877699
34.42%1180.822297
43.21%1220.770394
52.00%1240.721690
Terminal value2.00%2,6680.72161,925
Total2,404

P_0 = 2,404 KRW

Residual income model RIM

P0=B0+∑t=1NRIt(1+r)t+RIN(1+gT)(r−gT) (1+r)N,RIt=(ROE−r) Bt−1P_0 = B_0 + \sum_{t=1}^{N} \frac{\mathit{RI}_t}{(1+r)^t} + \frac{\mathit{RI}_N (1+g_T)}{(r - g_T)\,(1+r)^N},\qquad \mathit{RI}_t = (\mathit{ROE} - r)\,B_{t-1}

B_0 = 16,219 KRW, ROE = 7.46%, payout ratio = 8.27%, r = 6.74%, g_T = 2.00%

YearOpening book valueEarningsEquity chargeResidual incomeDiscount factorPresent value
116,2191,2091,0941160.9368109
217,3281,2921,1681240.8776109
318,5131,3811,2481320.8222109
419,7801,4751,3341410.7703109
521,1331,5761,4251510.7216109
Terminal value3,2460.72162,342

P_0 = 16,219 + 544 + 2,342 = 19,105 KRW

The cost of equity is the risk-free rate plus beta times the equity risk premium. Initial growth is the newest fiscal year's return on equity times its retention ratio, floored at zero, and falls by equal steps from that value in the first year to the terminal rate in the fifth. Only the Gordon model grows at the terminal rate from the start. Discounted cash flow starts from operating cash flow less capital expenditure, where FCFF adds after-tax interest paid and discounts at the weighted average cost of capital, and FCFE adds net borrowing and discounts at the cost of equity. The residual income model adds to book value per share the present value of earnings above the equity charge.

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