---
title: "코스메카코리아는 내부 인당/시간당 생산성을 지속적으로 개선하고 내년 하반기 오창공장 가동을 통해 외주 의존도를 낮추고 자체 생산역량 확대를 통한 이익 개선 전략을 제시했다. — 현대차증권 — DecisionGateway"
description: "commitment by 현대차증권, recorded recently — verbatim quote and source citation."
canonical_url: "https://dgw.tmarket.io/claims/01a1d934-670e-7ef0-82aa-456b7a92b291"
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  "og:title": "코스메카코리아는 내부 인당/시간당 생산성을 지속적으로 개선하고 내년 하반기 오창공장 가동을 통해 외주 의존도를 낮추고 자체 생산역량 확대를 통한 이익 개선 전략을 제시했다. — 현대차증권 — DecisionGateway"
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> Index of every page on this site: [llms.txt](https://dgw.tmarket.io/llms.txt)

commitment

# **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**](https://dgw.tmarket.io/actors/01a1d932-6310-7a5a-b231-0d6923a65b47). 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*

hmsecresearchPublished 2026-11-08 [ Read source](https://t.me/hmsecresearch/6162)

[**현대차증권 dossier **](https://dgw.tmarket.io/actors/01a1d932-6310-7a5a-b231-0d6923a65b47)

## **Discussion**

## **Related claims**

[**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 · statement](https://dgw.tmarket.io/claims/01a1ceb1-967e-797c-a140-b66f5f344000) [**Cosmecca 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 · statement](https://dgw.tmarket.io/claims/01a1ceb1-95d3-7cda-bb6a-1e79f52fe08b) [**국내(코스메카코리아) 매출은 2,011억원(+54.9%yoy), 영업이익 234억원(+61.3%yoy, OPM 11.6%)을 기록했다.**현대차증권 · prediction](https://dgw.tmarket.io/claims/01a1d934-66e4-784f-bda0-7ab88a42682f) [**3Q26F 코스메카코리아 연결 기준 매출액은 2,475억원(+35.7%yoy), 영업이익 272억원(+0.1%yoy, OPM 11.0%)로 시장 컨센서스를 하회하는 실적을 기록했다.**현대차증권 · prediction](https://dgw.tmarket.io/claims/01a1d934-66cf-7918-9832-842321fe0519) [**코스메카코리아 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 · commitment](https://dgw.tmarket.io/claims/01a1d934-6739-707f-b277-05c8f140c304) [**Cosmecca 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](https://dgw.tmarket.io/claims/01a1ceb1-9618-7a5c-ae26-cf54c06a4ee8)

## **More claims by 현대차증권**

[**The next-generation platform order from a US EV OEM expected in 3Q has slipped to early 2027, and 3rd-generation humanoid robot mass production may be delayed versus the 2028 guidance.**prediction](https://dgw.tmarket.io/claims/01a1d93d-7771-7fe8-8ff2-0b8086d02659) [**2026 guidance targets revenue of 9.6 trillion KRW (+1.8%) and an OPM in the low 4% range, with the 2026 order target set at 13.0 trillion KRW (2025 orders 11.9 trillion KRW).**statement](https://dgw.tmarket.io/claims/01a1d93d-775f-7d3f-bf5d-352fa558d17a) [**Cumulative 3Q26 new orders reached 7.6 trillion KRW, 56% of the annual target, with electrified components at 76% of the mix.**statement](https://dgw.tmarket.io/claims/01a1d93d-774a-73e0-a9fa-ea798ac0b6ab) [**3Q26 revenue was 2.3 trillion KRW (-0.0% yoy, -7.0% qoq) and net profit attributable to owners was -47.1 billion KRW (turn to loss yoy and qoq).**statement](https://dgw.tmarket.io/claims/01a1d93d-772b-7a46-a36e-111d93942be1) [**The target price applies the past 3-year average P/E band of 11.9x and 12-month forward EPS of 4,695 KRW (previously 4,885 KRW), considering entry into the Physical AI value chain including robotaxi and robotics actuators.**statement](https://dgw.tmarket.io/claims/01a1d93d-7719-700c-8dc5-07d1ef2f2eef)

[All claims by 현대차증권](https://dgw.tmarket.io/claims?claimant_id=01a1d932-6310-7a5a-b231-0d6923a65b47)

[All claims](https://dgw.tmarket.io/claims)

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```

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