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Retail Trade

E-Mart Co., Ltd.

  • 110,000.00 KRW
  • -2,000.00
  • -1.79%
  • South Korea
    Aug 20, 2019
  • Ticker
    KRX(139480)
  • Prev. close
    112,000
  • Market cap (KRW)
    3,122.09B
  • Market cap (USD)
    2,584.51M
  • Shares
    27.87M

Company Background

Emart belongs to South Korea's Shinsegae group and operates a chain of hypermarkets. It had 154 stores across the country as of June 2015. The company maintains its leading market share in the domestic hypermarket sector, outstripping its competitors like Lotte Mart and Homeplus. Shinsegae group's high-profile businesses includes Shinsegae Chosun Hotel, which runs upscale Westin Chosun hotels.

In 2011, Emart was created through the spinoff of Shinsegae's hypermarket division. For a while, it tried advancing overseas, as shown by its aggressive store openings in China beginning in the mid-2000s. But it is now downsizing its store network there and focusing on domestic expansion.

South Korea's business environment for large-scale retailers has become increasingly severe since the government enacted regulations meant to protect small retailers. Under the rules, big-box retailers are required to close at midnight and on public holidays as well as refrain from opening new stores near smaller retailers.

Emart has reacted by setting up emart everyday supermarkets in a small retail trading zone.

The group's consolidated subsidiaries include hotel and duty-free shop divisions. Emart intends to obtain a license for operating duty-free shops and ride an expected wave of tourism.

Business Summary

E-Mart, Inc. distributes and sells products through online shopping, specialty stores and supermarkets. It offers groceries, general household goods, consumer electronics, shoes, sports, pet, beauty and healthcare products. The company was founded in 1993 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2018 KRWUSD
Revenue17,049.07B15,491.86M
Gross Profit4,116.96B3,740.93M
Operating income470,068.00M427.13M
Income before tax584,966.73M531.53M
Net income419,260.29M380.96M
EBITDA997,799.00M906.66M
Diluted EPS15,66814.23
Dividends Per Share2,0001.81
Total Assets16,753.86B15,015.11M
Total liabilities8,275.33B7,416.50M
Total equity7,793.34B6,984.53M
Operating cash flow752,595.66M683.85M
Currency in KRWCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 13,153.60B 13,639.99B 14,615.06B 15,514.90B 17,049.07B
Gross Profit 3,300.47B 3,404.29B 3,702.43B 3,949.99B 4,116.96B
Operating income 581,555.45M 503,290.00M 568,461.36M 584,195.80M 470,068.00M
Income before tax 404,330.33M 684,534.44M 506,754.59M 799,735.82M 584,966.73M
Net income 290,023.62M 454,709.17M 354,621.63M 582,513.91M 419,260.29M
EBITDA 995,434.45M 937,121.00M 1,019.74B 1,054.28B 997,799.00M
Diluted EPS 10,408 16,319 13,172.42 21,622 15,668
Dividends Per Share 1,500 1,500 1,500 1,750 2,000
Total Assets 13,827.45B 14,493.75B 15,430.09B 16,066.50B 16,753.86B
Total liabilities 6,767.73B 7,254.38B 7,684.89B 7,674.07B 8,275.33B
Total equity 6,907.82B 6,986.05B 7,317.20B 7,862.70B 7,793.34B
Operating cash flow 700,957.66M 700,300.33M 726,363.54M 882,119.77M 752,595.66M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 12,495.60M 12,051.55M 12,597.13M 13,723.80M 15,491.86M
Gross Profit 3,135.37M 3,007.85M 3,191.22M 3,493.98M 3,740.93M
Operating income 552.46M 444.67M 489.97M 516.75M 427.13M
Income before tax 384.10M 604.81M 436.78M 707.41M 531.53M
Net income 275.51M 401.75M 305.65M 515.26M 380.96M
EBITDA 945.63M 827.98M 878.94M 932.57M 906.66M
Diluted EPS 9.88 14.41 11.35 19.12 14.23
Dividends Per Share 1.42 1.32 1.29 1.54 1.81
Total Assets 12,580.13M 12,360.88M 12,775.37M 15,007.71M 15,015.11M
Total liabilities 6,157.24M 6,186.84M 6,362.72M 7,168.34M 7,416.50M
Total equity 6,284.69M 5,957.99M 6,058.29M 7,344.54M 6,984.53M
Operating cash flow 665.89M 618.74M 626.07M 780.28M 683.85M

Valuation Measures

Dec 2018
PER11.64
ROA2.55%
ROE5.35%
Operating margin2.75%
Profit margin2.45%

Key executives

  • Chief Executive Officer & Director: Gab-Soo Lee
  • Head-Finance: Seok-Bong Kim
  • Vice Chairman-Executive Board: Yong-Jin Chung
  • Chairman-Executive Board: Myung-Hee Lee
  • Managing Director: Dong-Hyuk Jung

Shareholders

  • LEE MYUNG-HEE (18.2%)
  • National Pension Service of Korea (10.4%)
  • CHUNG YONG-JIN (10.3%)
  • GIC Pte Ltd. (Investment Management) (5.1%)
  • BlackRock Fund Advisors (2.0%)
  • The Vanguard Group, Inc. (1.9%)
  • Matthews International Capital Management LLC (1.6%)
  • Dimensional Fund Advisors LP (1.6%)
  • Norges Bank Investment Management (1.1%)
  • Invesco Asset Management Ltd. (1.0%)

Contact Details

Related Companies

  • PK Retail Holdings, Inc.
  • Gwangju Shinsegae Co. Ltd. /Supermarket Bus/
  • E-Mart, Inc. /Shanghai 5 Stores/
  • Shinsegae Youngrangho Resort Co., Ltd.
  • Jeju Soju Co., Ltd.
  • Shinsegae Property, Inc.
  • Kunshan E-Mart Shopping Center Co., Ltd.
  • Shinsegae Co. Ltd. /Discount Store Ops/
  • Tong Yang Resort Co., Ltd.
  • Shanghai E-Mart Supercenter Co. Ltd.

Competitors

  • GS Retail Co., Ltd.
  • Lotte Shopping Co., Ltd
  • Gwangju Shinsegae Co., Ltd.
  • Savezone I & C Corp.
  • GOLFZON NEWDIN HOLDINGS Co., Ltd.
Last Updated on 20 Aug, 2019

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