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코스메카코리아는 내부 인당/시간당 생산성을 지속적으로 개선하고 내년 하반기 오창공장 가동을 통해 외주 의존도를 낮추고 자체 생산역량 확대를 통한 이익 개선 전략을 제시했다.
A commitment by 현대차증권. Statements are as reported by the cited publishers — not verified by DecisionGateway.
향후, 코스메카코리아 지속적으로 내부 인당/시간당 생산성을 개선 및 내년 하반기 오창공장 가동을 통해 외주의존도를 낮추고 자체 생산역량 확대통한 이익 개선 전략 제시
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Cosmax, known for aggressive sales, expanded outsourcing capacity relative to production growth even as 2025 exports rose 10% YoY, selecting about 10 key outsourcing partners and resolving QC issues considerably through production process management and training support.하나증권 유통/화장품 박종대 · statementCosmecca Korea's revenue grew excessively; despite profitability decline, it focused on meeting customer delivery deadlines, and domestic revenue exceeded 200 billion won for the first time while OPM fell to the 11% range, showing willingness to expand business scale despite short-term profitability damage.하나증권 유통/화장품 박종대 · statement국내(코스메카코리아) 매출은 2,011억원(+54.9%yoy), 영업이익 234억원(+61.3%yoy, OPM 11.6%)을 기록했다.현대차증권 · prediction3Q26F 코스메카코리아 연결 기준 매출액은 2,475억원(+35.7%yoy), 영업이익 272억원(+0.1%yoy, OPM 11.0%)로 시장 컨센서스를 하회하는 실적을 기록했다.현대차증권 · prediction코스메카코리아 투자의견 BUY, 목표주가 기존 140,000원을 유지하며, 목표주가는 12M Fwd EPS 8,474원(기존 8,160원)에 글로벌ODM Peer 12M Fwd P/E 16배(직전 동일 P/E 17배)를 적용하여 산정했다.현대차증권 · commitmentCosmecca Korea's revenue grew 4x from 2021 to 2026, averaging 32% annual growth, exceeding Cosmax (CAGR 21%) and Korea Kolmar (CAGR 25%).하나증권 유통/화장품 박종대 · statement
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