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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 2020 KRWUSD
Revenue22,033.00B18,673.81M
Gross Profit4,924.70B4,173.87M
Operating income233,988.67M198.31M
Income before tax550,828.57M466.84M
Net income333,755.82M282.87M
EBITDA1,220.27B1,034.23M
Diluted EPS12,377.7410.49
Dividends Per Share2,0001.69
Total Assets22,340.42B20,565.61M
Total liabilities12,621.56B11,618.85M
Total equity8,295.96B7,636.89M
Operating cash flow1,355.15B1,148.54M
Currency in KRWCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 14,615.06B 15,514.90B 17,049.07B 19,062.87B 22,033.00B
Gross Profit 3,702.43B 3,949.99B 4,116.96B 4,094.31B 4,924.70B
Operating income 568,461.36M 584,195.80M 470,068.00M 150,570.50M 233,988.67M
Income before tax 506,754.59M 799,735.82M 584,966.73M 208,259.21M 550,828.57M
Net income 354,621.63M 582,513.91M 419,260.29M 210,361.24M 333,755.82M
EBITDA 1,019.74B 1,054.28B 997,799.00M 1,033.17B 1,220.27B
Diluted EPS 13,172.42 21,621.53 15,668 7,620.24 12,377.74
Dividends Per Share 1,500 1,750 2,000 2,000 2,000
Total Assets 15,430.09B 16,066.50B 16,753.86B 21,094.75B 22,340.42B
Total liabilities 7,684.89B 7,674.07B 8,275.33B 11,665.73B 12,621.56B
Total equity 7,317.20B 7,862.70B 7,793.34B 8,030.96B 8,295.96B
Operating cash flow 726,363.54M 882,119.77M 752,595.66M 790,348.85M 1,355.15B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 12,597.13M 13,723.80M 15,491.86M 16,346.36M 18,673.81M
Gross Profit 3,191.22M 3,493.98M 3,740.93M 3,510.86M 4,173.87M
Operating income 489.97M 516.75M 427.13M 129.11M 198.31M
Income before tax 436.78M 707.41M 531.53M 178.58M 466.84M
Net income 305.65M 515.26M 380.96M 180.38M 282.87M
EBITDA 878.94M 932.57M 906.66M 885.94M 1,034.23M
Diluted EPS 11.35 19.12 14.23 6.53 10.49
Dividends Per Share 1.29 1.54 1.81 1.71 1.69
Total Assets 12,775.37M 15,007.71M 15,015.11M 18,240.96M 20,565.61M
Total liabilities 6,362.72M 7,168.34M 7,416.50M 10,087.54M 11,618.85M
Total equity 6,058.29M 7,344.54M 6,984.53M 6,944.49M 7,636.89M
Operating cash flow 626.07M 780.28M 683.85M 677.72M 1,148.54M

Valuation Measures

Dec 2020
PER12.23
ROA1.53%
ROE4.08%
Operating margin1.06%
Profit margin1.51%

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%)
  • GIC Pte Ltd. (Investment Management) (4.1%)
  • Eastspring Investments (Singapore) Ltd. (2.0%)
  • BlackRock Fund Advisors (1.7%)
  • The Vanguard Group, Inc. (1.7%)
  • Norges Bank Investment Management (1.3%)
  • Dimensional Fund Advisors LP (0.8%)
  • Ninety One UK Ltd. (0.7%)

Contact Details

Related Companies

  • E Mart24 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 Property, Inc.
  • Kunshan E-Mart Shopping Center Co., Ltd.
  • Shinsegae Co. Ltd. /Discount Store Ops/
  • Shinsegae Youngrangho Resort, Inc.
  • SK Wyverns Co., Ltd.
  • Shanghai E-Mart Supercenter Co. Ltd.

Competitors

  • Lotte Shopping Co., Ltd
  • Walmart Inc.
  • Kroger Co.
  • Costco Wholesale Corporation
  • Amazon.com, Inc.
  • GS Retail Co., Ltd.
  • Savezone I & C Corp.
Last Updated on 17 Jun, 2021

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