Asia300

E-Mart, Inc.

South Korea

  • 1m
  • 3m
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Aug 21, 2017
Prev close: 222,000
Aug 21, 2017
Market cap:
Market cap(USD):
6,188.43B
5,433.93M
Shares: 27.87M

Currency in KRW

Company profile

Market(Ticker): KRX(139480)
Sector:
Industry:
Retail Trade
Discount Stores
Full time employees: --

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, and sports, pet, beauty and healthcare products. The company was founded on May 3, 2011 and is headquartered in Seoul, South Korea.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 14,777.87B
Gross profit 3,742.25B
Operating income 546,717.59M
Income before tax 463,330.51M
Net income 376,226.99M
EBITDA 1,003.18B
Diluted EPS 13,502
Dividends per share 1,500
Total assets 15,428.18B
Total liabilities 7,682.98B
Total equity 7,317.20B
Operating cash flow 734,317.54M

Currency in KRW

Revenue 12,737.46M
Gross profit 3,225.55M
Operating income 471.23M
Income before tax 399.35M
Net income 324.28M
EBITDA 864.67M
Diluted EPS 11.63
Dividends per share 1.29
Total assets 12,773.78M
Total liabilities 6,361.13M
Total equity 6,058.29M
Operating cash flow 632.92M

Currency in USD

Valuation measures

Dec 2016

PER 13.55
ROA 2.51%
ROE 5.26%
Operating margin 3.69%
Profit margin 2.54%

Key executive

  • Chief Executive Officer & Director: Gab-Soo Lee
  • Head-Finance: Seok-Bong Kim
  • Vice President & Head-Online Business: Woo-Jeung Choi
  • Vice President & Head-Overseas Sourcing: Christopher Callahan
  • Vice Chairman-Executive Board: Yong-Jin Chung

Share holders

  • LEE MYUNG-HEE(18.2%)
  • CHUNG YONG-JIN(9.8%)
  • National Pension Service of Korea(9.3%)
  • Aberdeen Asset Management (Asia) Ltd.(4.4%)
  • The Vanguard Group, Inc.(1.6%)
  • BlackRock Fund Advisors(1.6%)
  • Dimensional Fund Advisors LP(1.4%)
  • Genesis Investment Management LLP(1.2%)
  • Norges Bank Investment Management(0.9%)
  • Schroder Investment Management Ltd.(0.8%)

Address

  • Website: http://www.emartcompany.com
  • Address: 377 Ttukseom-ro, Seongdong-gu, Seoul, 04781, South Korea
  • Phone: +82.2.380.5678

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