Skip to main content
KREDKRED
089860KOSPI

Lotte Rental

51,400
+100 (+0.19%)

Price chart

  • MA5
  • MA20
  • MA60
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

Lotte Rental is a KOSPI listed company established in 2005 and headquartered in Anyang, Gyeonggi Province. It operates as a corporate entity within its group structure.

The company provides auto rental services including short and long term vehicle rentals and used car distribution. It also operates a Biz rental segment for office equipment and industrial tools. Through subsidiaries, it provides auto lease and installment finance services.

Business overview as filed

당사는 수익을 창출하는 서비스 상품의 성격을 고려하여 경영의 다각화 실태를 적절히 반영할 수 있도록 렌탈 사업부문(차량렌탈 및 중고차 매각 등 차량관련 사업과 O/A사무기기, 계측장비 등 Biz렌탈 등)과 종속회사가 사업을 영위하고 있는 오토리스 및 할부금융부문으로 사업을 구분하고 있습니다.

당사와 종속회사의 사업부문별 현황을 요약하면 아래와 같습니다.

가. 차량렌탈 부문

렌터카의 서비스 형태는 크게 단기대여와 장기대여로 나눌 수 있습니다. 단기대여의 경우 대여기간이 1년 미만인 차량렌탈을 의미하며, 주요 고객층은 만 21세 이상의 개인이나 업무를 위해 단기간 비정기적으로 차량을 사용하는 법인 등입니다. 장기대여는 대여사업자가 신차를 구매한 후 기간을 1년 이상으로 하여 대여하는 형태로, 최근 차량관리의 편의성 등을 이유로 장기대여 계약이 증가하는 추세입니다. 또한 렌탈기간이 종료된 중고차 등을 당사가 보유한 중고차 경매장과 해외 법인을 통해 매각하고 있습니다.

나. Biz렌탈 부문

렌탈업은 임대차계약으로 특정물건에 대한 수요에 부응하여 임대인이 특정물건을 구입하여 이에 대한 일체의 유지관리 책임을 지며, 동 물건의 사용자(임차인)에게 일정기간 대여하고 렌탈료를 수수하는 서비스업입니다. 당사의 Biz렌탈 사업부문은 법인 및 개인사업자 고객을 대상으로 OA기기, 계측장비 및 산업설비 렌탈에 주력하고 있습니다.

다. 오토리스 및 할부금융부문

당사는 연결종속회사 롯데오토리스㈜를 통해 자동차 시설대여업과 자동차 할부금융업 등을 운영하고 있습니다. 특히 상용차량(화물차, 승합차, 특수차량) 리스와 메인터넌스 오토리스(Maintenance Autolease), 중고차 할부금융을 주력 사업으로 영위하고 있습니다.

라 사업부문 별 매출 요약 2025년 말 기준 롯데렌탈 및 종속회사의 매출총액은 2,918,752백만 원이며, 사업부문 별 매출 비중은 차량렌탈 부문이 1,900,164백만 원으로 65.1%, 중고차 부문이 809,087백만 원으로 27.7%, Biz렌탈 등 기타 부문이 209,501백만 원으로 7.2%를 차지하고 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

가. 연결대상 종속회사 개황가-1. 연결대상 종속회사 현황(요약)

가-2. 연결대상회사의 변동내용

나. 회사의 법적·상업적 명칭당사의 명칭은 롯데렌탈 주식회사이며, 영문으로는 LOTTE rental co.,ltd.라고 표기합니다. 단, 약식으로 표기할 경우에는 롯데렌탈㈜라고 표기합니다.

다. 설립일자 및 존속기간당사의 공식적인 설립일은 회사의 등기부등본 상 2005년 10월 20일이나, 사실상 1986년 05월 통신장비 렌탈업을 위하여 설립된 한국통신진흥㈜가 전신입니다. 당사는 2010년 06월 01일 금호렌터카㈜와 분할 합병하였으며, 2011년 03월 자회사인 ㈜케이티알과 합병하였습니다. 그리고 2011년 12월 자회사인 ㈜케이티오토리스[현 롯데오토리스㈜]를 물적분할하였으며, 2013년 03월 자회사인 ㈜케이티렌탈오토케어[현 롯데오토케어㈜]를 물적분할하여 현재의 회사가 되었습니다.

라. 본사의 주소, 번화번호, 홈페이지 주소1) 주소 : 경기도 안양시 동안구 전파로 88 신원비젼타워 8층2) 대표전화번호 : 1588-12303) 홈페이지 : www.lotterental.com

마. 회사사업 영위의 근거가 되는 법률롯데렌탈 주식회사(이하 "당사")의 차량렌탈 사업은 여객자동차 운수사업법을 근거로하며, 종속회사인 롯데오토리스 주식회사는 여신전문금융업법을 근거로 오토리스 및할부금융업을 영위하고 있습니다.

바. 중소기업 등 해당 여부

사. 주요 사업의 내용당사는 장/단기 차량렌탈, 중고차 매매 등을 포괄하는 오토렌탈 사업과 OA사무기기, 측정계측장비, 로봇, 건설장비 등의 Biz렌탈 사업을 영위하고 있습니다.

연결 종속회사의 사업현황은 다음과 같습니다. 여신전문금융업법 상 여신전문회사 롯데오토리스㈜를 통해 차량 중심의 시설대여업과 할부금융업을 운영하고 있으며, 롯데오토케어㈜는 당사 차량 중심의 차량 정비 사업을 영위 중입니다. ㈜그린카는 카셰어링 사업을 운영 중이며, LOTTE RENTAL(VIETNAM) COMPANY LIMITED와 Lotte Rent-A-Car(Thailand)Co.,Ltd. 그리고 LOTTE AUTO GLOBAL MIDDLE EAST FZE를 통해 차량 대여업 및 중고차 판매업을 영위 중입니다. 당사의 정관상에 규정된 목적사업은 다음과 같습니다.

아. 신용평가에 관한 사항

본 보고서 작성 기준일 현재, 당사의 국내 회사채 신용등급은 A+, 국내 기업어음 신용등급은 A2+이며, 해외 기업신용등급(ICR)은 Baa3(Moody's)/BBB-(Fitch)입니다.(1) 신용등급 현황 【국내 등급(회사채/기업어음/전자단기사채)】 【해외등급】

(2) 신용등급체계 및 부여 의미【국내 신용등급 체계 및 등급정의】

【국제 신용평가 체계 및 등급정의】

자. 회사의 주권상장(또는 등록ㆍ지정) 및 특례상장에 관한 사항

Transcribed verbatim from the sentences the filer wrote in the fiscal 2025 business report (received 2026.03.16), 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

3.28%
[1.99%, 5.58%] · 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 20.5% (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

0.10
Beta [-0.00, 0.20] · KOSPI200 · As of 2026-10-08
Intercept
+0.192%[-0.085%, +0.470%]
R squared
0.03
Observations
252
Trading-time corrected beta
0.03[-0.20, 0.26]
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 KOSPI200 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

202020212022202320242025TTM
RevenueKRW 100M———27,52327,92429,18829,810
Revenue growth%————1.464.53—
Operating incomeKRW 100M22,52124,22727,3893,0522,8483,1253,366
Operating income growth%—7.5713.06-88.86-6.689.72—
Net incomeKRW 100M4151,1368831,1521,0271,2671,154
Net income growth%—173.59-22.2330.43-10.8523.37—
Attributable to ownersKRW 100M———1,2001,0681,2761,184
Attributable to minoritiesKRW 100M———-48-41-9-30
Operating margin%———11.0910.2010.7111.29
Net margin%———4.193.684.343.87
ROE%———8.777.238.157.49
ROA%0.781.851.281.711.471.721.44
Debt ratio%657.31395.02434.42392.07377.10372.31412.63
Current ratio%39.8343.8247.7945.1429.9322.9225.59
Quick ratio%37.8442.6045.4643.6228.9221.9223.97
Reserve ratio%1,103.18577.21611.99652.73681.14731.89735.97
OCF conversion%60.2034.02-474.59432.55316.93-404.56—
Receivable daysdays———29.828.426.7—
EPSKRW1,5623,6872,5773,2752,9243,5143,262
PERx—10.3310.738.4710.248.968.62
BPSKRW———37,35140,68343,12543,521
PBRx———0.740.740.730.65
Dividend per shareKRW—9009001,200—1,200—
Payout ratio%—24.4134.9236.64—34.15—

Consolidated basis

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

202020212022202320242025
53,49461,250*69,27267,18170,06673,483
46,43048,87756,31053,52855,38057,925
7,06412,37312,96213,65314,68615,558

Income statement

202020212022202320242025
Not applicableNot applicableNot applicable27,52327,92429,188
22,52124,22727,389*3,0522,8483,125
5761,5041,3761,6141,3341,670
4151,1368831,1521,0271,267
Basic earnings per shareKRW1,5623,6872,5773,2752,9243,514
Diluted earnings per shareKRWNot applicableNot applicableNot applicable3,2752,9243,514
4021,1469181,0201,5711,315

Cash flow statement

202020212022202320242025
Net incomefrom the income statement4151,1368831,1521,0271,267
Total adjustments to operating cash flowcomputed-165-749-5,0753,8312,228-6,394
250386-4,1924,9833,255-5,126
-467-1,757-749-364-2,074-242
-6981,6407,751-3,746-1,8583,471
Cash at beginning of periodKRW 100M2,1241,2021,4694,2985,1734,506
1,2021,4694,2985,1734,5062,606
Net change in cash and cash equivalentsKRW 100M-9142702,810Not applicableNot applicableNot applicable

In the latest fiscal year operations and investing consumed cash raised through financing activities.

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 2026.03.16.

Audit opinion

Fiscal yearOpinionAuditorFiscal year end
2025적정의견Term 21삼일회계법인2025-12-31
2024적정의견Term 20삼정회계법인2025-12-31
2023적정의견Term 19삼정회계법인2025-12-31
2022적정Term 18삼정회계법인2022-12-31
2021적정Term 17삼일회계법인2022-12-31
2020적정Term 16삼정회계법인2022-12-31
2019적정Term 15삼정회계법인2019-12-31
2018적정Term 14삼정회계법인2019-12-31
2017적정Term 13삼정회계법인2019-12-31
2016적정Term 12삼일회계법인2016-12-31
2015적정Term 11삼일회계법인2016-12-31
2014적정Term 10한영회계법인2016-12-31

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 3Y0.16
%
%
Cost of equity5.17%
Weighted average cost of capital—
Initial growth5.4%
Effective tax rate24.1%
Base fiscal year2025
Current priceKRW51,400

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 model38,566-25.0%
Dividend discount model DDM41,741-18.8%
Discounted cash flow FCFFNo cash flow lines
Discounted cash flow FCFENo cash flow lines
Residual income model RIM88,746+72.7%
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% + 0.16 × 5.00% = 5.17%

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(8.15% × (1 − 34.15%), 0) = 5.37%

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 = 1,200 × (1 + 2.00%) / (5.17% − 2.00%) = 1,224 / 0.0317 = 38,566 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 = 1,200, g_1 = 5.37%, g_T = 2.00%, r = 5.17%

YearGrowthDividend KRWDiscount factorPresent value KRW
15.37%1,2640.95081,202
24.52%1,3220.90401,195
33.68%1,3700.85961,178
42.84%1,4090.81731,152
52.00%1,4370.77711,117
Terminal value2.00%46,1950.777135,897
Total41,741

P_0 = 41,741 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 = 43,125 KRW, ROE = 8.15%, payout ratio = 34.15%, r = 5.17%, g_T = 2.00%

YearOpening book valueEarningsEquity chargeResidual incomeDiscount factorPresent value
143,1253,5142,2311,2830.95081,220
245,4403,7032,3511,3520.90401,222
347,8783,9022,4771,4250.85961,225
450,4474,1112,6101,5010.81731,227
553,1554,3322,7501,5820.77711,229
Terminal value50,8290.777139,498

P_0 = 43,125 + 6,123 + 39,498 = 88,746 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.

Other issues on the same market

Neighbours in the market capitalisation order.

See the full KOSPI list