JONBUR Research · Update note
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Hotel Shilla · 008770 · Retail & Trade
Hotel Shilla Reports Q3 Operating Profit of ₩55.2B, Up 382.4% Year on Year
Why this report
Written after:
Hotel Shilla's Q3 operating profit came in at ₩55.2B, up 382.4% from the same period last year, according to a Yonhap News Agency report. This is the first sign in our data of a sharp earnings improvement, but one quarter does not yet change the longer record of thin margins and net losses.
Written Oct 28, 2026 · Data as of Oct 27, 2026 · 0 views
This is not financial advice. The report does not recommend buying or selling anything.
What happened
On 2026-10-28, Yonhap News Agency reported that Hotel Shilla's Q3 operating profit was ₩55.2B, up 382.4% from a year earlier. A preliminary consolidated earnings filing was also made the same day, but no excerpt of it was provided, so revenue, net income and the Q3 operating margin are not available to us.
For context, trailing twelve-month operating income to H1 2026 was ₩88.9B on revenue of ₩4.1T, a 2.2% margin, with a net loss of ₩138.3B. A single quarter of ₩55.2B is large relative to that trailing figure. The Q3 2025 base implied by the growth rate is small, which helps explain the large percentage.
The shares closed at ₩35,500 on 2026-10-27, down 11.6% over one month and 23.5% over three months. The price is close to the 52-week low of ₩34,800.
Every earlier JONBUR Research report and update note on Hotel Shilla, with Pro.
Unlock with ProModel estimate of fair value
- Bear
- ₩0
- -100%
- Base
- ₩4,353
- -88%
- Bull
- ₩57,889
- +63%
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 6.3%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions
Filings and data used
- Hotel Shilla Q3 Operating Profit at ₩55.2B, Up 382.4% from Same Period Last YearOct 28, 2026
- Preliminary earnings (consolidated)Oct 28, 2026
- Advance Notice of Earnings Results Disclosure (Informational Disclosure)Oct 21, 2026
- Amended: Treasury share sale decisionOct 6, 2026
- Change in largest shareholder's holdingsOct 2, 2026
- 5%+ holding reportOct 2, 2026
- Investor relations (IR) eventSep 11, 2026
- 5%+ holding reportSep 8, 2026
- Change in largest shareholder's holdingsSep 4, 2026
- Disclosure on Large Business Group Status [Quarterly Disclosure (For Individual Company)]Aug 31, 2026
- Investor relations (IR) eventAug 20, 2026
- Investor relations (IR) eventAug 20, 2026
- Half-year report (Jun 2026)Aug 14, 2026
- Hotel Shilla Q3 Operating Profit at ₩55.2B, Up 382.4% from Same Period Last YearOct 28, 2026
- Daily prices up to 2026-10-27
- Financial statements, trailing 12 months as of H1 2026
- Our fair value model, statements as of TTM to H1 2026
Report history
- Oct 28, 2026Update noteEarningsHotel Shilla Q3 Preliminary Results: Operating Profit ₩55.2B and Return to Net Profit
- Oct 28, 2026Update noteNewsHotel Shilla Reports Q3 Operating Profit of ₩55.2B, Up 382.4% Year on Year
- Oct 13, 2026InitiationStart of coverage (300 largest)Hotel Shilla: Thin Margins, Losses and a Share Price Near Its 52-Week Low
Source: KRX statistical information