2026 1Q 기준평가 2026. 08. 19.근거 공시 새 창에서 열기
해자 세부 항목
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- 가격결정력
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규제 · 자본집약도 · 생산설비 보유
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寃곕줎: ?뚰겕?몄쭚 ?낆젏 珥앺뙋怨??ㅼ튂쨌愿由??쒕퉬?ㅺ? 媛뺤젏?댁?留? 釉뚮옖?쒖? ?섏슂瑜??몃????섏〈?쒕떎
媛ㅻ윮?쒖븘?먯뒪?좎? ?꾨━誘몄뾼 ?쇳듃?덉뒪 ?λ퉬 ?좏넻怨??꾪뙆??遺꾩뼇 愿묎퀬????ъ뾽???곸쐞?쒕떎. 2020?꾨????댄깉由ъ븘 Technogym??援?궡 ?낆젏 珥앺뙋?쇰줈???λ퉬 ?먮ℓ肉??꾨땲??怨듦컙 ?ㅺ퀎쨌?쒓났, ?붿????몃젅?대떇 肄섑뀗痢? ?ㅼ튂쨌A/S源뚯? ?쒓났?쒕떎. ?명뀛쨌怨좉툒 ?꾪뙆??而ㅻ??덊떚쨌湲곗뾽쨌蹂묒썝쨌怨듦났湲곌?怨??꾨━誘몄뾼 ?덊듃?덉씠???뚮퉬?먭? 二쇱슂 怨좉컼?대떎.
1. ?쇳듃?덉뒪 ?λ퉬媛 留ㅼ텧??以묒떖?대떎
2026??1遺꾧린 留ㅼ텧? 64.93?듭썝?쇰줈 ?ъ뒪湲곌뎄 ???꾨━誘몄뾼 ?쇳듃?덉뒪媛 49.36?듭썝, 留덉????쒕퉬?ㅺ? 15.57?듭썝?대떎. ?쇳듃?덉뒪 遺臾몄? 珥앸ℓ異쒖쓽 76.1%濡? 遺꾩뼇 愿묎퀬??됰낫???듭떖 ?ъ뾽??鍮꾩쨷???믩떎.
| 2026??1遺꾧린 留ㅼ텧 | 湲덉븸 | 鍮꾩쨷 |
|---|---|---|
| ?꾨━誘몄뾼 ?쇳듃?덉뒪 | 49.36?듭썝 | 76.1% |
| 留덉????쒕퉬?? | 15.57?듭썝 | 23.9% |
| ?⑷퀎 | 64.93?듭썝 | 100.0% |
Technogym ?λ퉬???꾩슜 ?붿????뚮옯?쇨낵 ?곌껐?섏뼱 ?대룞 ?곗씠?곕? ?섏쭛쨌遺꾩꽍?섍퀬 媛쒖씤?붾맂 ?몃젅?대떇 寃쏀뿕???쒓났?쒕떎. 怨좉툒 ?쒖꽕?먯꽌???쒗뭹 ?먯껜蹂대떎 ?붿옄?? 怨듦컙 ?ㅺ퀎, 肄섑뀗痢? ?좎?愿由ш퉴吏 ?ы븿???듯빀 寃쏀뿕??援щℓ ?댁쑀媛 ?????덈떎. ?뚯궗媛 ?쇰8쨌?⑤씪???뚮옯?셋룻뀛?덉꽭?쇱쫰瑜??곌퀎??B2C濡??뺤옣?섎뒗 ?먮룄 怨좉컼 ?묒젏???볧엺??
?ㅻ쭔 Technogym 釉뚮옖?쑣룹젣?댟룰났湲됱젙梨낆뿉 ????섏〈?꾧? ?믩떎. ?낆젏 珥앺뙋 怨꾩빟???좎??섎뒗 ?숈븞?먮뒗 釉뚮옖??吏꾩엯?λ꼍???쒖슜?????덉?留? 怨꾩빟議곌굔쨌?섏쑉쨌?섏엯?먭?쨌釉뚮옖???꾨왂 蹂?붽? ?뚯궗??媛寃⑷낵 留덉쭊??醫뚯슦?쒕떎. ?뚯궗 ?먯껜 釉뚮옖?쒕굹 ?낆젏 湲곗닠???댁옄濡?蹂닿린???대졄??
2. ?ㅼ튂쨌?쒓났쨌A/S媛 ?⑥닚 ?좏넻怨쇱쓽 李⑥씠??
?명뀛쨌?꾪뙆??而ㅻ??덊떚쨌湲곗뾽쨌蹂묒썝쨌怨듦났湲곌?? 怨듦컙怨??ъ슜紐⑹쟻??留욌뒗 ?λ퉬 諛곗튂, ?쒓났, ?좎?愿由ъ? ?댁쁺 吏?먯쓣 ?꾩슂濡??쒕떎. ?뚯궗??援щℓ怨좉컼??吏곸젒 媛쒕컻쨌愿由ы븯怨? ?λ퉬 怨듦툒遺???ы썑愿由ш퉴吏 One-Stop ?쒕퉬?ㅻ? ?쒓났?쒕떎. ?대윭???꾨줈?앺듃 寃쏀뿕怨??ㅼ튂 湲곕컲? ?ㅻⅨ ?좏넻?ш? ?⑥닚???쒗뭹留??쒖븞?섎뒗 寃껊낫???좊━?섎떎.
洹몃윭???쇳듃?덉뒪 ?λ퉬???닿뎄?щ씪 怨좉컼??援먯껜二쇨린媛 湲멸퀬, ?좉퇋 ?쒖꽕 ?ъ옄???곕씪 留ㅼ텧???ш쾶 ?吏곸씤?? ?뺢린 ?먭?쨌A/S? ?붿???肄섑뀗痢좉? 諛섎났留ㅼ텧濡??쇰쭏???꾩쟻?섎뒗吏??怨듭떆?먯꽌 異⑸텇???뺤씤?섏? ?딅뒗?? 遺꾩뼇 愿묎퀬???꾨줈?앺듃蹂??섏< ?깃낵???곕씪 蹂?숉븯硫??쇳듃?덉뒪 ?λ퉬? 蹂꾨룄??寃쎄린쨌遺?숈궛 ?ъ씠?댁쓣 媛吏꾨떎.
3. 留ㅼ텧? ?섏뿀吏留?遺꾧린 留덉쭊? ??떎
2025??留ㅼ텧? 403.44?듭썝, ?곸뾽?댁씡? 39.88?듭썝?댁뿀?? 2025??1遺꾧린? 2026??1遺꾧린瑜?諛섏쁺??TTM 留ㅼ텧? ??416.54?듭썝, ?곸뾽?댁씡? ??40.48?듭썝, ?곸뾽?댁씡瑜좎? ??9.72%??
| 援щ텇 | 2025??1遺꾧린 | 2026??1遺꾧린 | 蹂?? |
|---|---|---|---|
| 留ㅼ텧 | 51.83?듭썝 | 64.93?듭썝 | +25.3% |
| ?곸뾽?댁씡 | 0.11?듭썝 | 0.71?듭썝 | 媛쒖꽑 |
| ?곸뾽?댁씡瑜? | 0.22% | 1.10% | +0.88%p |
遺꾧린 留ㅼ텧? 利앷??덉?留??곸뾽?댁씡瑜좎? 1.1%濡???떎. ?섏엯?먭?쨌?섏쑉쨌?λ퉬 誘뱀뒪쨌?꾨줈?앺듃 ?쒓났鍮꾩? 留덉???鍮꾩슜???곹뼢??以ъ쓣 ???덈떎. TTM ?댁씡? ?묒옄吏留? ?좉퇋 ?λ퉬 ?먮ℓ媛 怨좎젙?곸씤 ?쒕퉬???댁씡?쇰줈 ?꾪솚?섎뒗吏媛 以묒슂?섎떎.
?먯닔 洹쇨굅
| ??ぉ | ?먯닔 | ?먮떒 |
|---|---|---|
| 吏꾩엯?λ꼍 | 49 | ?낆젏 珥앺뙋쨌?ㅼ튂쨌?쒓났쨌怨좉컼 ?덊띁?곗뒪媛 ?덉쑝???먯껜 湲곗닠? ?쒗븳?? |
| ?꾪솚鍮꾩슜 | 44 | 怨듦컙 ?ㅺ퀎쨌?ㅼ튂쨌?붿????뚮옯?셋텮/S媛 援먯껜 遺?댁쓣 留뚮벀 |
| 釉뚮옖??IP | 58 | 湲濡쒕쾶 Technogym 釉뚮옖?쒖? ?붿????몃젅?대떇 寃쏀뿕 |
| ?ㅽ듃?뚰겕?④낵 | 12 | ?ㅼ튂 怨좉컼쨌肄섑뀗痢??ъ슜 ?곗씠?곌? ?뺤궛???꾩???二쇰굹 吏곸젒 ?④낵???쏀븿 |
| 媛寃⑷껐?뺣젰 | 41 | ?꾨━誘몄뾼 釉뚮옖?쒓? 諛⑹뼱?μ쓣 二쇱?留??섏엯?먭?쨌怨좉컼 ?묒긽 議댁옱 |
| 留덉쭊異붿꽭 | 45 | TTM ?묒옄?대굹 理쒓렐 遺꾧린 留덉쭊??1% ?섏? |
理쒖쥌 51?먯? ?낆젏 ?좏넻쨌?듯빀 ?쒕퉬?ㅼ? 釉뚮옖?쒕? ?몄젙?섎㈃?쒕룄, 怨듦툒?먃룹닔?붋룻솚???섏〈怨???? 遺꾧린 留덉쭊??諛섏쁺???먯닔??
비판적으로 봐야 할 것
?듭떖 由ъ뒪?? ?낆젏 釉뚮옖?쒓? 媛뺤젏??留뚰겮 怨듦툒?먯? ?ъ옄 ?ъ씠?댁뿉 痍⑥빟?섎떎
- 1.珥앺뙋 ?섏〈: Technogym??怨꾩빟議곌굔, 怨듦툒媛寃? ?섏쑉, 援?궡 ?좏넻?뺤콉 蹂?붽? 留ㅼ텧怨?留덉쭊??吏곸젒 ?곹뼢??以??
- 2.?닿뎄???섏슂: ?쇳듃?덉뒪 ?λ퉬??援щℓ二쇨린媛 湲멸퀬 ?명뀛쨌?꾪뙆?맞룰린?낆쓽 ?좉퇋 ?쒖꽕?ъ옄? 遺?숈궛 寃쎄린??誘쇨컧?섎떎.
- 3.??? 遺꾧린 留덉쭊: 2026??1遺꾧린 ?곸뾽?댁씡瑜좎? 1.1%?? ?섏엯?먭?쨌?쒓났鍮꽷룻뙋愿鍮꾧? ?명삎 ?깆옣蹂대떎 鍮좊Ⅴ寃??????덈떎.
- 4.*?쒕퉬??諛섎났??: ?ㅼ튂쨌A/S쨌?붿???肄섑뀗痢좉? 異⑸텇??諛섎났留ㅼ텧濡??볦씠?붿? 怨듦컻 ?뺣낫媛 ?쒗븳?곸씠??
- 5.*留덉????ъ뾽 蹂??: 遺꾩뼇 愿묎퀬??됱? ?꾨줈?앺듃蹂??섏<? 遺?숈궛 遺꾩뼇?쒖옣??醫뚯슦?섎ʼn ?쇳듃?덉뒪? ?ㅻⅨ 蹂?숈꽦??媛吏꾨떎.
?ㅼ쓬 ?됯??먯꽌??珥앺뙋怨꾩빟 湲곌컙쨌媛깆떊議곌굔, ?λ퉬쨌?ㅼ튂쨌A/S蹂?留덉쭊, ?붿???援щ룆쨌諛섎났 ?쒕퉬??留ㅼ텧, ?ш퀬? ?섏쑉, 留덉????섏<?붽퀬瑜??뺤씤?댁빞 ?쒕떎.
총평
珥앺룊: 51?????꾨━誘몄뾼 釉뚮옖?쒖? ?듯빀 ?ㅼ튂 ??웾? ?덉?留? ?먯껜 ?댁옄? 諛섎났?깆씠 ?쒗븳?곸씠??
媛ㅻ윮?쒖븘?먯뒪?좎? Technogym 援?궡 ?낆젏 珥앺뙋?쇰줈??怨좉툒 ?λ퉬瑜??명뀛쨌?꾪뙆?맞룰린?끒룸퀝?먃룰났怨듦린愿怨?媛쒖씤?먭쾶 ?먮ℓ?섍퀬, ?ㅺ퀎쨌?쒓났쨌肄섑뀗痢졖텮/S源뚯? ?쒓났?쒕떎. ?대뒗 ?⑥닚 ?섏엯 ?좏넻蹂대떎 怨좉컼 寃쏀뿕怨??ㅼ튂 ?덊띁?곗뒪瑜??볦쓣 ???덈뒗 援ъ“?? 2026??1遺꾧린 留ㅼ텧???꾨뀈 ?숆린 ?鍮?25.3% 利앷??덈떎.
洹몃윭???듭떖 釉뚮옖?쒖? 怨듦툒留앹쓣 ?몃????섏〈?섍퀬, ?λ퉬???닿뎄?щ씪 留ㅼ텧 諛섎났?깆씠 ??떎. 1遺꾧린 ?곸뾽?댁씡瑜좎씠 1.1%??洹몄튇 ?먯? ?섏쑉쨌?섏엯?먭?쨌?꾨줈?앺듃 鍮꾩슜???뺤씤?섍쾶 ?쒕떎. 遺꾩뼇 愿묎퀬??됰룄 蹂꾨룄 ?ъ뾽?쇰줈 ?섏씡 ?덉젙?깆쓣 ?먮룞?쇰줈 蹂댁셿?섏? ?딅뒗?? ?낆젏 怨꾩빟??吏?띿꽦怨?A/S쨌?붿????쒕퉬?ㅼ쓽 諛섎났 ?섏씡???뺤씤?섍린 ?꾧퉴吏 以묐┰?곸씤 ?먯닔瑜?遺?ы뻽??
?먯닔媛 ?щ씪媛?議곌굔
- Technogym 珥앺뙋怨꾩빟???κ린媛?媛깆떊?섍퀬 怨듦툒議곌굔???덉젙??寃?- ?ㅼ튂 怨좉컼 湲곕컲?먯꽌 A/S쨌肄섑뀗痢졖룸뵒吏??援щ룆 留ㅼ텧???꾩쟻??寃?- ?λ퉬 留ㅼ텧 ?깆옣怨??④퍡 ?곸뾽?댁씡瑜좎씠 5~10% ?댁긽?쇰줈 媛쒖꽑??寃?- B2B ?쒖꽕怨?B2C ?덊듃?덉씠?앹쓽 怨좉컼 湲곕컲??洹좏삎 ?덇쾶 ?뺣???寃?
?먯닔媛 ?대젮媛?議곌굔
- 珥앺뙋怨꾩빟 議곌굔 蹂寃쎌씠??寃쎌웳 釉뚮옖??吏꾩엯?쇰줈 ?④?? 怨듦툒???낇솕??寃?- 遺?숈궛쨌?쒖꽕?ъ옄 ?뷀솕濡?????꾨줈?앺듃媛 媛먯냼??寃?- ?ш퀬쨌?섏쑉쨌?쒓났鍮?遺?댁쑝濡?留ㅼ텧 利앷?媛 ?댁씡?쇰줈 ?댁뼱吏吏 ?딆쓣 寃?- 留덉????ъ뾽 ?섏< 媛먯냼媛 ?쇳듃?덉뒪 ?λ퉬 怨듬갚???ㅼ슱 寃?
?꾩옱??釉뚮옖?쒖? ?좏넻 ?ㅽ뻾?μ쓣 ?몄젙??51?먯쑝濡??됯??섎릺, ?먯껜 湲곗닠怨?諛섎났 ?쒕퉬?ㅺ? ?뺤씤?섍린 ?꾧퉴吏???꾨━誘몄뾼???쒗븳?쒕떎.