Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩88,500, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Consumer Retailing industry in South Korea. Total returns to shareholders of 9.6% over the past three years. Major Estimate Revision • May 15
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₩29.5b to ₩28.9b. EPS estimate also fell from ₩8,147 per share to ₩7,330 per share. Net income forecast to grow 42% next year vs 50% growth forecast for Consumer Retailing industry in South Korea. Consensus price target broadly unchanged at ₩131,846. Share price fell 9.2% to ₩102,500 over the past week. Reported Earnings • Mar 20
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₩5,084 (up from ₩22,240 loss in FY 2024). Revenue: ₩29t (flat on FY 2024). Net income: ₩136.2b (up ₩726.2b from FY 2024). Profit margin: 0.5% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Consumer Retailing industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 11
E-MART Inc. (KOSE:A139480) agreed to acquire remaining 28.82% stake in SHINSEGAE FOOD Inc. (KOSE:A031440) for KRW 52.3 billion. E-MART Inc. (KOSE:A139480) entered into letter of intent to acquire remaining 28.82% stake in SHINSEGAE FOOD Inc. (KOSE:A031440) for KRW 52.3 billion on March 10, 2026. The consideration consists of Treasury stock common equity of E-MART Inc. having a value of KRW 52.3 billion to be issued for common equity of SHINSEGAE FOOD Inc. As part of consideration, KRW 52.3 billion is paid towards common equity of SHINSEGAE FOOD Inc. Agreement was signed on March 11, 2026.
The transaction is subject to approval of offer by target shareholders. The Board of Directors of SHINSEGAE FOOD Inc. formed a special committee for the transaction. The expected completion of the transaction is June 8, 2026. Aankondiging • Feb 27
E-MART Inc., Annual General Meeting, Mar 26, 2026 E-MART Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 70, sogong-ro, jung-gu, seoul South Korea Declared Dividend • Feb 13
Dividend increased to ₩2,500 Dividend of ₩2,500 is 25% higher than last year. Ex-date: 31st March 2026 Payment date: 1st January 1970 Dividend yield will be 2.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (10% cash payout ratio). The dividend has not increased over the past 6 years but payments have been stable during that time. Price Target Changed • Feb 13
Price target increased by 24% to ₩125,929 Up from ₩101,846, the current price target is an average from 14 analysts. New target price is 13% above last closing price of ₩111,700. Stock is up 56% over the past year. The company is forecast to post earnings per share of ₩9,610 next year compared to a net loss per share of ₩22,027 last year. Aankondiging • Feb 12
E-MART Inc. announces Annual dividend E-MART Inc. announced Annual dividend of KRW 2500.0000 per share, ex-date on March 31, 2026 and record date on April 01, 2026. Aankondiging • Jan 07
E-MART Inc. (KOSE:A139480) completed the acquisition of 11.76% stake in SHINSEGAE FOOD Inc. (KOSE:A031440) for KRW 20.5 billion. E-MART Inc. (KOSE:A139480) proposed to acquire remaining 40.58% stake in SHINSEGAE FOOD Inc. (KOSE:A031440) for KRW 70.6 billion on December 15, 2025. A cash consideration of KRW 70.61 billion will be paid by E-MART Inc. As part of consideration, KRW 70.61 billion is paid towards common equity of SHINSEGAE FOOD Inc. Upon completion, E-MART Inc. will own 99.99% stake in SHINSEGAE FOOD Inc. The transaction will be financed through equity investment of KRW 70.61 billion.
The expected completion of the transaction is January 5, 2026.
E-MART Inc. (KOSE:A139480) completed the acquisition of 11.76% stake in SHINSEGAE FOOD Inc. (KOSE:A031440) for KRW 20.5 billion on January 5, 2026. Aankondiging • Dec 15
E-MART Inc. (KOSE:A139480) proposed to acquire remaining 40.58% stake in SHINSEGAE FOOD Inc. (KOSE:A031440) for KRW 70.6 billion. E-MART Inc. (KOSE:A139480) proposed to acquire remaining 40.58% stake in SHINSEGAE FOOD Inc. (KOSE:A031440) for KRW 70.6 billion on December 15, 2025. A cash consideration of KRW 70.61 billion will be paid by E-MART Inc. As part of consideration, KRW 70.61 billion is paid towards common equity of SHINSEGAE FOOD Inc. Upon completion, E-MART Inc. will own 99.99% stake in SHINSEGAE FOOD Inc. The transaction will be financed through equity investment of KRW 70.61 billion.
The expected completion of the transaction is January 5, 2026. Price Target Changed • Jul 15
Price target increased by 9.4% to ₩102,985 Up from ₩94,129, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of ₩99,400. Stock is up 75% over the past year. The company is forecast to post earnings per share of ₩7,040 next year compared to a net loss per share of ₩22,027 last year. Reported Earnings • Mar 21
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: ₩22,240 loss per share (further deteriorated from ₩3,864 loss in FY 2023). Revenue: ₩29t (down 1.5% from FY 2023). Net loss: ₩590.0b (loss widened ₩500.9b from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Consumer Retailing industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 13
E-MART Inc., Annual General Meeting, Mar 26, 2025 E-MART Inc., Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 70, sogong-ro, jung-gu, seoul South Korea Price Target Changed • Mar 10
Price target increased by 7.7% to ₩80,750 Up from ₩75,000, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of ₩84,600. Stock is up 20% over the past year. The company is forecast to post a net loss per share of ₩233 next year compared to a net loss per share of ₩3,864 last year. Aankondiging • Feb 05
E-MART Inc. (KOSE:A139480) completed the acquisition of remaining 11.79% stake in Shinsegae Engineering & Construction Inc. (KOSE:A034300). E-MART Inc. (KOSE:A139480) made an offer to acquire remaining 11.79% stake in Shinsegae Engineering & Construction Inc. (KOSE:A034300) for KRW 16.7 billion on November 14, 2024. As per the transaction, E-MART Inc will acquire 0.92 million shares at KRW 18300 per share. The transaction is expected to close on February 4, 2025. As of February 4, 2025, Shinsegae E&C's common stock shares will be delisted after consultation with the relevant authorities. The specific delisting date will be determined after consultation with related institutions.
The deal has been approved by the board of directors of E-MART Inc. and Shinsegae Engineering & Construction Inc.
E-MART Inc. (KOSE:A139480) completed the acquisition of remaining 11.79% stake in Shinsegae Engineering & Construction Inc. (KOSE:A034300) on February 3, 2025. Shinsegae E&C's common stock shares will be delisted after consultation with the relevant authorities. The specific delisting date will be determined after consultation with related institutions. Aankondiging • Oct 02
E-MART Inc. (KOSE:A139480) proposed to acquire remaining 27.9% stake in Shinsegae Engineering & Construction Inc. (KOSE:A034300) for KPW 38.8 billion. E-MART Inc. (KOSE:A139480) proposed to acquire remaining 27.9% stake in Shinsegae Engineering & Construction Inc. (KOSE:A034300) for KPW 38.8 billion on September 30, 2024. A cash consideration valued at KPW 18300 per share will be paid by E-MART for 2,120,661 shares. Upon completion, E-MART Inc. will own 100% stake in Shinsegae Engineering & Construction Inc. The expected completion of the transaction is October 29, 2024. Shinhan Investment & Securities acted as tender offer agent to E-MART. Aankondiging • Jun 05
E-MART Inc. (KOSE:A139480) and SHINSEGAE Inc. (KOSE:A004170) agreed to acquire 30% stake in Ssg.Com Corp. from Braxa Asia Fund I, L.P., Braxa Asia Two Co., Ltd., Commercial TradeGroup L.P. and Convergent TradeChannels Kft. E-MART Inc. (KOSE:A139480) and SHINSEGAE Inc. (KOSE:A004170) agreed to acquire 30% stake in Ssg.Com Corp. from Braxa Asia Fund I, L.P., Braxa Asia Two Co., Ltd., Commercial TradeGroup L.P. and Convergent TradeChannels Kft. on June 4, 2024. The deal is expected to be completed by December 31, 2024. Aankondiging • Feb 29
E-MART Inc., Annual General Meeting, Mar 28, 2024 E-MART Inc., Annual General Meeting, Mar 28, 2024, at 09:01 Korea Standard Time. Location: Convention Hall of Booyoung Taepyeong Building | Seoul South Korea Agenda: To Approval of Separate and Consolidated Financial Statements for the 13th fiscal year; to discuss Resolution on the Amendments to Articles of Incorporation; to discuss Resolution on the Appointment of Directors; to discuss Resolution on the Appointment of External Director, Appointment of Audit Committee Members; and to discuss Resolution on the Remuneration Limit for Directors. Price Target Changed • Feb 15
Price target decreased by 9.5% to ₩85,933 Down from ₩94,933, the current price target is an average from 15 analysts. New target price is 13% above last closing price of ₩75,800. Stock is down 35% over the past year. The company is forecast to post earnings per share of ₩474 for next year compared to ₩37,528 last year. Major Estimate Revision • Feb 15
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩30.9b to ₩30.5b. EPS estimate also fell from ₩7,467 per share to ₩5,561 per share. Net income forecast to shrink 8.0% next year vs 25% growth forecast for Consumer Retailing industry in South Korea . Consensus price target down from ₩94,933 to ₩85,933. Share price fell 11% to ₩75,800 over the past week. Major Estimate Revision • Feb 06
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩536 to ₩474 per share. Revenue forecast steady at ₩29.7b. Net income forecast to grow 26% next year vs 26% growth forecast for Consumer Retailing industry in South Korea. Consensus price target broadly unchanged at ₩94,933. Share price rose 6.4% to ₩82,800 over the past week. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩87,200, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Consumer Retailing industry in Asia. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩126,489 per share. Major Estimate Revision • Jan 25
Consensus EPS estimates fall by 51% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩1,093 to ₩536 per share. Revenue forecast steady at ₩29.7b. Net income forecast to grow 26% next year vs 14% growth forecast for Consumer Retailing industry in South Korea. Consensus price target broadly unchanged at ₩95,600. Share price rose 4.7% to ₩70,700 over the past week. Major Estimate Revision • Jan 13
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩2,655 to ₩2,051 per share. Revenue forecast steady at ₩29.7b. Net income forecast to grow 32% next year vs 18% growth forecast for Consumer Retailing industry in South Korea. Consensus price target of ₩96,867 unchanged from last update. Share price fell 3.6% to ₩68,800 over the past week. New Risk • Nov 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Major Estimate Revision • Nov 15
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩29.9b to ₩29.6b. EPS estimate also fell from ₩4,287 per share to ₩3,155 per share. Net income forecast to shrink 8.1% next year vs 19% growth forecast for Consumer Retailing industry in South Korea . Consensus price target down from ₩103,063 to ₩99,813. Share price fell 5.0% to ₩76,700 over the past week. Major Estimate Revision • Oct 25
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩5,331 to ₩4,656 per share. Revenue forecast steady at ₩29.9b. Net income forecast to grow 3.0% next year vs 19% growth forecast for Consumer Retailing industry in South Korea. Consensus price target of ₩103,063 unchanged from last update. Share price rose 2.8% to ₩74,100 over the past week. Price Target Changed • Aug 23
Price target decreased by 7.1% to ₩106,471 Down from ₩114,611, the current price target is an average from 17 analysts. New target price is 45% above last closing price of ₩73,200. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₩5,304 for next year compared to ₩37,528 last year. Major Estimate Revision • Aug 17
Consensus EPS estimates fall by 29% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩7,446 to ₩5,253 per share. Revenue forecast steady at ₩30.2b. Net income forecast to shrink 17% next year vs 16% growth forecast for Consumer Retailing industry in South Korea . Consensus price target down from ₩114,611 to ₩108,529. Share price fell 9.3% to ₩73,500 over the past week. Major Estimate Revision • Jul 21
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩8,519 to ₩7,565 per share. Revenue forecast steady at ₩30.2b. Net income forecast to grow 9.0% next year vs 17% growth forecast for Consumer Retailing industry in South Korea. Consensus price target down from ₩119,833 to ₩115,444. Share price fell 2.4% to ₩77,100 over the past week. Price Target Changed • Jun 05
Price target decreased by 7.3% to ₩122,056 Down from ₩131,667, the current price target is an average from 18 analysts. New target price is 46% above last closing price of ₩83,800. Stock is down 28% over the past year. The company is forecast to post earnings per share of ₩8,153 for next year compared to ₩37,528 last year. Major Estimate Revision • May 21
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩9,247 to ₩8,153 per share. Revenue forecast steady at ₩30.3b. Net income forecast to shrink 76% next year vs 14% growth forecast for Consumer Retailing industry in South Korea . Consensus price target down from ₩131,667 to ₩122,944. Share price rose 2.2% to ₩88,200 over the past week. Price Target Changed • May 18
Price target decreased by 8.9% to ₩125,722 Down from ₩138,056, the current price target is an average from 18 analysts. New target price is 45% above last closing price of ₩86,900. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₩8,699 for next year compared to ₩37,528 last year. Major Estimate Revision • May 13
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩30.9b to ₩30.3b. EPS estimate also fell from ₩9,547 per share to ₩6,757 per share. Net income forecast to shrink 74% next year vs 12% growth forecast for Consumer Retailing industry in South Korea . Consensus price target down from ₩138,056 to ₩131,667. Share price fell 12% to ₩86,300 over the past week. Reported Earnings • Mar 23
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: ₩37,528 (down from ₩56,152 in FY 2021). Revenue: ₩29t (up 18% from FY 2021). Net income: ₩1.03t (down 35% from FY 2021). Profit margin: 3.5% (down from 6.3% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Retailing industry in South Korea. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Major Estimate Revision • Mar 15
Consensus EPS estimates fall by 36% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩30.7b to ₩29.7b. EPS estimate also fell from ₩11,500 per share to ₩7,360 per share. Net income forecast to shrink 52% next year vs 13% growth forecast for Consumer Retailing industry in South Korea . Consensus price target of ₩139,737 unchanged from last update. Share price fell 5.7% to ₩108,400 over the past week. Upcoming Dividend • Dec 21
Upcoming dividend of ₩2,000 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 6.0% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.6%). Price Target Changed • Dec 14
Price target decreased to ₩125,056 Down from ₩134,526, the current price target is an average from 18 analysts. New target price is 23% above last closing price of ₩102,000. Stock is down 33% over the past year. The company is forecast to post earnings per share of ₩33,990 for next year compared to ₩56,152 last year. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Chairman of the Board Heui-seok Kang was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Sep 16
Price target decreased to ₩145,824 Down from ₩157,263, the current price target is an average from 18 analysts. New target price is 58% above last closing price of ₩92,200. Stock is down 47% over the past year. The company is forecast to post earnings per share of ₩33,636 for next year compared to ₩56,152 last year. Reported Earnings • Aug 20
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: ₩1,790 loss per share (down from ₩17,189 profit in 2Q 2021). Revenue: ₩7.15t (up 22% from 2Q 2021). Net loss: ₩61.1b (down 113% from profit in 2Q 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the Consumer Retailing industry in South Korea. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • May 24
Price target decreased to ₩179,909 Down from ₩193,773, the current price target is an average from 20 analysts. New target price is 56% above last closing price of ₩115,500. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₩35,154 for next year compared to ₩56,152 last year. Price Target Changed • May 19
Price target decreased to ₩183,591 Down from ₩198,864, the current price target is an average from 20 analysts. New target price is 59% above last closing price of ₩115,500. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₩34,009 for next year compared to ₩56,152 last year. Major Estimate Revision • May 13
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ₩29.2b to ₩28.6b. EPS estimate rose from ₩19,475 to ₩21,658. Net income forecast to shrink 46% next year vs 4.8% growth forecast for Consumer Retailing industry in South Korea . Consensus price target down from ₩198,864 to ₩193,773. Share price fell 3.6% to ₩122,000 over the past week. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Chairman of the Board Heui-seok Kang was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 26
E-MART Inc., Annual General Meeting, Mar 29, 2022 E-MART Inc., Annual General Meeting, Mar 29, 2022, at 09:00 Korea Standard Time. Location: at the Auditorium on the 6th floor of Emart headquarter 377, Ttukseom-ro, Seongdong-gu Seoul South Korea Agenda: To consider the presentation of the separate and consolidated financial statements for the 11th fiscal year; to consider the remuneration limit for directors; and to consider the other matters. Major Estimate Revision • Feb 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₩28.4b to ₩28.8b. EPS estimate fell from ₩17,786 to ₩12,471 per share. Net income forecast to shrink 52% next year vs 15% growth forecast for Consumer Retailing industry in South Korea . Consensus price target broadly unchanged at ₩217,652. Share price fell 2.9% to ₩135,500 over the past week. Upcoming Dividend • Dec 22
Upcoming dividend of ₩2,000 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 21 April 2022. Payout ratio is a comfortable 3.9% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.0%). Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₩33,719 (vs ₩3,931 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩6.31t (up 6.8% from 3Q 2020). Net income: ₩937.0b (up ₩824.0b from 3Q 2020). Profit margin: 15% (up from 1.9% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ₩17,381 (vs ₩11,340 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₩5.87t (up 13% from 2Q 2020). Net income: ₩483.0b (up 53% from 2Q 2020). Profit margin: 8.2% (up from 6.1% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 13
Consensus EPS estimates increase to ₩27,436 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from ₩24.3b to ₩24.5b. EPS estimate increased from ₩12,625 to ₩27,436 per share. Net income forecast to grow 78% next year vs 13% growth forecast for Consumer Retailing industry in South Korea. Consensus price target up from ₩213,280 to ₩218,600. Share price rose 3.2% to ₩175,500 over the past week. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS ₩12,378 (vs ₩7,620 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩22t (up 16% from FY 2019). Net income: ₩361.8b (up 55% from FY 2019). Profit margin: 1.6% (up from 1.2% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 15% per year and the company’s share price has also fallen by 15% per year. Aankondiging • Feb 25
E-MART Inc., Annual General Meeting, Mar 24, 2021 E-MART Inc., Annual General Meeting, Mar 24, 2021, at 09:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₩183,000, the stock is trading at a trailing P/E ratio of 8.4x, up from the previous P/E ratio of 7.2x. This compares to an average P/E of 18x in the Consumer Retailing industry in South Korea. Total return to shareholders over the past three years is a loss of 26%. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 18% share price gain to ₩179,000, the stock is trading at a trailing P/E ratio of 8.2x, up from the previous P/E ratio of 6.9x. This compares to an average P/E of 17x in the Consumer Retailing industry in South Korea. Total return to shareholders over the past three years is a loss of 31%. Is New 90 Day High Low • Jan 07
New 90-day high: ₩168,500 The company is up 13% from its price of ₩148,500 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩118,084 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩2,000 Per Share Will be paid on the 20th of April to those who are registered shareholders by the 29th of December. The trailing yield of 1.3% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.9%). Price Target Changed • Nov 13
Price target raised to ₩185,000 Up from ₩170,464, the current price target is an average from 24 analysts. The new target price is 13% above the current share price of ₩164,000. As of last close, the stock is up 24% over the past year. Is New 90 Day High Low • Nov 11
New 90-day high: ₩162,000 The company is up 32% from its price of ₩122,500 on 13 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩97,250 per share. Is New 90 Day High Low • Oct 12
New 90-day high: ₩152,000 The company is up 33% from its price of ₩114,500 on 14 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩111,102 per share.