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Korean retail conglomerate operating department stores, Starbucks Korea (JV), duty-free and fashion, sister company to E-Mart.
Korean retail conglomerate operating department stores, Starbucks Korea (JV), duty-free and fashion, sister company to E-Mart.
Takes sales from goods it buys and sells itself and a commission on goods sold by brands inside its stores, which is how Korean department stores usually earn. Duty-free is a separate stream tied to inbound tourists and group travellers.
Moat: narrow (brand, scale). Premium department-store brand and exclusive Starbucks Korea license drive high foot traffic.
Headquarters: Seoul, South Korea · Founded: 1955 · Employees: 2,634
Size Shinsegae (004170.KS) is a South Korea Consumer Discretionary company (Department Stores) with a market value of $1.59B, the 158th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩251,500 on 6 Nov 2026.
Performance Over six months the shares fell 38.0%, against -11.5% for the median peer and -24.5% for the South Korea market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 7.1% over the last twelve months (peer median -2.9%); the operating margin is 8.8% (peer median 5.2%).
Valuation It trades at 5.8× forward earnings against a peer median of 15.2× (cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points below its cost of capital (5.6% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩7.20T | ₩6.93T | ₩6.57T | ₩6.36T | ₩7.81T |
| Revenue growth | — | +5% | +3% | -19% | — |
| Gross profit | ₩3.90T | ₩3.72T | ₩3.60T | ₩3.39T | ₩4.52T |
| EBITDA | ₩1.16T | ₩981B | ₩954B | ₩1.14T | ₩1.22T |
| Net income | ₩169B | ₩13.9B | ₩108B | ₩225B | ₩406B |
| Free cash flow | ₩821B | ₩500B | -₩120B | ₩191B | ₩522B |
| Capital expenditure | ₩438B | ₩501B | ₩909B | ₩617B | ₩398B |
| Total debt | ₩4.96T | ₩5.33T | ₩4.48T | ₩4.80T | ₩4.57T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shinsegae 004170.KS | $1.59B | -38% | +7% | 9% | 5.8× | -2.2% |
| Lotte Shopping 023530.KS | $1.87B | -33% | +1% | 5% | 7.9× | 5.8% |
| Hyundaideptst 069960.KS | $1.29B | -23% | -3% | 9% | 7.0× | -17.1% |
| emart 139480.KS | $1.45B | -31% | -1% | 1% | 22.6× | 20.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 004170.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.3% | -1.2% | 2nd lowest of 21 |
| 6-month return | -38.0% | -11.5% | 2nd lowest of 21 |
| Distance from 52-week high | -68.2% | -34.5% | lowest of 21 |
| Revenue growth (TTM) | +7.1% | -2.9% | 2nd highest of 21 |
| Operating margin | 8.8% | 5.2% | 8th highest of 21 |
| Forward P/E | 5.8× | 15.2× | cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -2.2% | 0.3% | 7th least demanding of 19 |
| Growth delivered (Del g) | +7.8% | -1.1% | 3rd highest of 19 |
| Hurdle (Req g minus delivered) | -10.0 pp | -1.4 pp | 6th least demanding of 19 |
| ROIC minus cost of capital | -1.9 pp | -0.8 pp | 7th lowest of 21 |
| EV / EBITDA | 7.1× | 8.2× | 3rd cheapest of 7 |
| Net debt / EBITDA | 3.4× | 4.3× | 4th least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shinsegae 004170.KS | South Korea | $1.59B | -38% | +7% | 9% | 5.8× | -2.2% | +7.8% |
| Wangfujing 600859.SS | China | $1.65B | -21% | -10% | 5% | 244.5× | -13.6% | -2.4% |
| Anhui Anfu Battery Technology 603031.SS | China | $1.43B | -39% | +4% | 23% | 23.0× | -0.2% | +21.9% |
| Lotte Shopping 023530.KS | South Korea | $1.87B | -33% | +1% | 5% | 7.9× | 5.8% | -3.2% |
| Seria 2782.T | Japan | $1.91B | +18% | +13% | 9% | 15.2× | -2.1% | +5.0% |
| Hyundaideptst 069960.KS | South Korea | $1.29B | -23% | -3% | 9% | 7.0× | -17.1% | +13.2% |
| Easyhome New Retail 000785.SZ | China | $1.97B | -18% | -23% | 3% | 19.3× | 1.0% | +4.4% |
| Izumi 8273.T | Japan | $1.28B | -1% | +1% | 5% | 11.2× | n/a | n/a |
| Beijing United Information Technology 603613.SS | China | $2.05B | -30% | -4% | 5% | n/a | n/a | n/a |
| Hunan Friendship & Apollo Commercial 002277.SZ | China | $1.23B | -5% | -20% | -60% | n/a | 21.6% | -15.5% |
| H2O Retailing 8242.T | Japan | $2.10B | +17% | 0% | 5% | 12.3× | -9.7% | -1.6% |
| Maoye Commercial 600828.SS | China | $1.13B | -13% | -22% | -3% | n/a | 12.9% | -8.4% |
| Fujian Dongbai (Group) 600693.SS | China | $1.11B | -23% | -1% | 32% | 62.6× | 4.1% | +0.9% |
| Nanjing Xinjiekou Department Store 600682.SS | China | $1.07B | -22% | -11% | -16% | n/a | 5.7% | +2.4% |
| Ceconomy CEC.DE | Germany | $2.47B | +9% | +4% | 1% | 7.8× | 2.9% | +2.1% |
| Kohl's KSS | United States | $2.61B | +59% | -3% | 4% | 15.3× | 0.0% | -0.5% |
| Far Eastern Department Stores 2903.TW | Taiwan | $910M | -5% | -1% | 13% | n/a | 0.5% | -1.8% |
| Matsuya 8237.T | Japan | $869M | +54% | -1% | 6% | 149.2× | 35.3% | -2.8% |
| Dashang 600694.SS | China | $827M | -10% | -4% | 12% | 12.2× | -18.9% | -5.1% |
| Rainbow Digital Commercial 002419.SZ | China | $793M | -15% | -4% | 0% | 52.1× | -5.8% | -0.4% |
| Hangzhou Jiebai 600814.SS | China | $776M | -9% | -3% | 25% | 14.7× | -21.8% | -1.6% |