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JONBUR Research · Initiation

You're reading an earlier report from Oct 13, 2026. See the latest report

CJ Logistics · 000120 · Transport & Logistics

CJ Logistics: Shares Near 52-Week Low While Earnings Stay Steady and Multiples Sit Below Peers

Why this report

Start of coverage: one of the 300 largest companies, written once its financial statements were in.

CJ Logistics closed at ₩69,500 on 2026-10-12, down 16.1% over one year and just above its 52-week low of ₩69,200. Filed statements show stable revenue and thin margins, with a P/E of 7.1 and a P/B of 0.4.

Written Oct 13, 2026 · Data as of Oct 12, 2026 · 0 views

This is not financial advice. The report does not recommend buying or selling anything.

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Thesis

The data supports a picture of a large, steady business whose share price has fallen while reported earnings have moved only modestly. Revenue has grown from ₩11.3T in 2021 to ₩12.8T over the trailing twelve months to H1 2026, and net income has risen from ₩54.7B to ₩222.9B. Against that, operating margin slipped from 4.4% in 2024 to 3.9% in the TTM, and ROE is 5.5%, below the 6.6% of 2024. The share price is 54.9% below its 52-week high of ₩154,000, but the data does not explain why. No news headlines, investor flow, foreign ownership or short balance data are available, so the cause of the decline cannot be assessed from this data.

Business overview

CJ Logistics is listed on KOSPI in the Transport & Logistics sector. It was founded on 1930-11-15 and listed on 1956-07-02. It is led by co-CEOs 신영수 and 민영학. It has 22,812,344 listed shares and a market capitalisation of about ₩1.59T. Enterprise value is about ₩2.85T. Annual revenue has been in a range of ₩11.3T to ₩12.3T over 2021-2025, with growth of 1.4% in 2025, 3.0% in 2024, -3.0% in 2023 and 6.9% in 2022. The data does not break revenue down by business line.

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Model estimate of fair value

Bear
₩156,146
+141%
Base
₩580,866
+796%
Bull
₩1,660,593
+2463%

Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal.

Base case of the 5-year discounted cash flow model on the stock's Valuation tab (statements TTM to H1 2026; discount rate 4.7%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions

Filings and data used

Report history

  1. Oct 29, 2026Update noteNewsCJ Logistics Decides on In-Kind Dividend of Treasury Shares, About 5% of Shares
  2. Oct 13, 2026InitiationStart of coverage (300 largest)CJ Logistics: Shares Near 52-Week Low While Earnings Stay Steady and Multiples Sit Below Peers

Built only from jonbur's own data: prices and investor flows, filed financial statements and filings, and news headlines. Disclosed (filed) data is labelled as such. Written by AI and may contain mistakes.

This is not financial advice. The report does not recommend buying or selling anything.

Source: KRX statistical information