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Retail Trade

E-Mart, Inc.

Company Background

E-mart 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, E-mart 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.

 

E-mart 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. E-mart 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 2021 KRWUSD
Revenue24,932.68B21,772.23M
Gross Profit5,749.17B5,020.41M
Operating income314,501.90M274.63M
Income before tax2,029.75B1,772.46M
Net income1,550.86B1,354.27M
EBITDA1,451.68B1,267.66M
Diluted EPS56,152.0449.03
Dividends Per Share2,0001.74
Total Assets31,242.08B26,281.45M
Total liabilities19,240.57B16,185.55M
Total equity9,860.77B8,295.08M
Operating cash flow973,107.33M849.75M
Currency in KRWCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 15,514.90B 17,049.07B 19,062.87B 22,033.00B 24,932.68B
Gross Profit 3,949.99B 4,116.96B 4,094.31B 4,924.70B 5,749.17B
Operating income 584,195.80M 470,068.00M 150,570.50M 233,988.67M 314,501.90M
Income before tax 799,735.82M 584,966.73M 208,259.21M 550,828.57M 2,029.75B
Net income 582,513.91M 419,260.29M 210,361.24M 333,755.82M 1,550.86B
EBITDA 1,054.28B 997,799.00M 1,033.17B 1,220.27B 1,451.68B
Diluted EPS 21,621.53 15,668 7,620.24 12,377.74 56,152.04
Dividends Per Share 1,750 2,000 2,000 2,000 2,000
Total Assets 16,066.50B 16,753.86B 21,094.75B 22,340.42B 31,242.08B
Total liabilities 7,674.07B 8,275.33B 11,665.73B 12,621.56B 19,240.57B
Total equity 7,862.70B 7,793.34B 8,030.96B 8,295.96B 9,860.77B
Operating cash flow 882,119.77M 752,595.66M 790,348.85M 1,355.15B 973,107.33M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 13,723.80M 15,491.86M 16,346.36M 18,673.81M 21,772.23M
Gross Profit 3,493.98M 3,740.93M 3,510.86M 4,173.87M 5,020.41M
Operating income 516.75M 427.13M 129.11M 198.31M 274.63M
Income before tax 707.41M 531.53M 178.58M 466.84M 1,772.46M
Net income 515.26M 380.96M 180.38M 282.87M 1,354.27M
EBITDA 932.57M 906.66M 885.94M 1,034.23M 1,267.66M
Diluted EPS 19.12 14.23 6.53 10.49 49.03
Dividends Per Share 1.54 1.81 1.71 1.69 1.74
Total Assets 15,007.71M 15,015.11M 18,240.96M 20,565.61M 26,281.45M
Total liabilities 7,168.34M 7,416.50M 10,087.54M 11,618.85M 16,185.55M
Total equity 7,344.54M 6,984.53M 6,944.49M 7,636.89M 8,295.08M
Operating cash flow 780.28M 683.85M 677.72M 1,148.54M 849.75M

Valuation Measures

Dec 2021
PER2.68
ROA5.78%
ROE17.08%
Operating margin1.26%
Profit margin6.22%

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

  • CHUNG YONG-JIN (18.5%)
  • LEE MYUNG-HEE (10%)
  • National Pension Service of Korea (9.9%)
  • E-Mart, Inc. (3.9%)
  • The Vanguard Group, Inc. (1.8%)
  • BlackRock Fund Advisors (1.5%)
  • Norges Bank Investment Management (1.1%)
  • Eastspring Investments (Singapore) Ltd. (1.1%)
  • Dimensional Fund Advisors LP (0.7%)
  • Samsung Asset Management Co., Ltd. (0.6%)

Contact Details

Related Companies

  • Shanghai E-MART Trading Co., Ltd.
  • Electroman Limited Company Specializing in the Cultural
  • E-MART24, Inc.
  • E-Mart America, Inc.
  • 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 L&B Co., Ltd.
  • Shinsegae Property, Inc.
  • Shinsegae Chosun Hotel
  • eBay Korea Co., Ltd.
  • Kunshan E-Mart Shopping Center Co., Ltd.
  • Shinsegae Co. Ltd. /Discount Store Ops/
  • Shinsegae Youngrangho Resort, Inc.
  • SK Wyverns Co., Ltd.
  • Starbucks Coffee Korea Co., Ltd.
  • Shanghai E-Mart Supercenter Co. Ltd.

Competitors

  • Walmart Inc.
  • Pan Pacific International Holdings Corporation
  • Kroger Co.
  • Costco Wholesale Corporation
  • Amazon.com, Inc.
  • Lotte Shopping Co., Ltd
  • GS Retail Co., Ltd.
  • Savezone I & C Corp.
  • CUROHOLDINGS Co., Ltd.
  • Ilshin Spinning Co., Ltd
  • Woongjin Thinkbig Co., Ltd
Last Updated on 17 Aug, 2022

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