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Korea's largest discount-store/hypermarket chain, part of Shinsegae Group, also runs SSG.com e-commerce and a Starbucks Korea stake.
Korea's largest discount-store/hypermarket chain, part of Shinsegae Group, also runs SSG.com e-commerce and a Starbucks Korea stake.
Sells groceries and household goods from large stores and discount warehouses, earning the gap between purchase and shelf prices. It belongs to Shinsegae Group, which also runs department stores and food service. In 2021 it bought eBay Korea, owner of Gmarket and Auction, and combined it with its online business.
Moat: narrow (scale, brand). Largest hypermarket network in Korea, though pressured by online grocery competition.
Headquarters: Seoul, South Korea · Founded: 1993 · Employees: 23,075
Size emart (139480.KS) is a South Korea Consumer Staples company (Department Stores) with a market value of $1.45B, the 175th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩73,700 on 6 Nov 2026.
Performance Over six months the shares fell 30.9%, against -2.9% for the median peer and -24.5% for the South Korea market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 0.9% over the last twelve months (peer median +5.1%); the operating margin is 0.8% (peer median 5.8%).
Valuation It trades at 22.6× forward earnings against a peer median of 11.2× (2nd most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.4 points below its cost of capital (5.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩28.8T | ₩29.0T | ₩29.0T | ₩29.5T | ₩29.3T |
| Revenue growth | — | 0% | -2% | 0% | — |
| Gross profit | ₩7.70T | ₩7.84T | ₩7.64T | ₩7.37T | ₩7.02T |
| EBITDA | ₩1.71T | ₩1.77T | ₩1.67T | ₩1.55T | ₩1.70T |
| Net income | ₩21.2B | ₩136B | -₩596B | -₩104B | ₩1.01T |
| Free cash flow | ₩870B | ₩601B | ₩744B | ₩492B | -₩456B |
| Capital expenditure | ₩692B | ₩781B | ₩704B | ₩854B | ₩1.23T |
| Total debt | ₩12.8T | ₩11.9T | ₩12.4T | ₩11.9T | ₩11.4T |
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 |
|---|---|---|---|---|---|---|
| emart 139480.KS | $1.45B | -31% | -1% | 1% | 22.6× | 20.4% |
| Lotte Shopping 023530.KS | $1.87B | -33% | +1% | 5% | 7.9× | 5.8% |
| Coupang CPNG | $29.2B | -4% | +7% | -3% | 55.9× | n/a |
| BGF Retail 282330.KS | $1.82B | +9% | +5% | 3% | 10.8× | -18.3% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 139480.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.4% | +0.2% | 6th highest of 21 |
| 6-month return | -30.9% | -2.9% | 2nd lowest of 21 |
| Distance from 52-week high | -44.5% | -24.2% | 2nd lowest of 21 |
| Revenue growth (TTM) | -0.9% | +5.1% | 5th lowest of 21 |
| Operating margin | 0.8% | 5.8% | 2nd lowest of 21 |
| Forward P/E | 22.6× | 11.2× | 2nd most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 20.4% | -5.1% | most demanding of 17 |
| Growth delivered (Del g) | +5.6% | +7.6% | 6th lowest of 17 |
| Hurdle (Req g minus delivered) | +14.7 pp | -15.6 pp | most demanding of 17 |
| ROIC minus cost of capital | -4.4 pp | +0.8 pp | 2nd lowest of 21 |
| EV / EBITDA | 9.4× | 6.2× | 7th most expensive of 18 |
| Net debt / EBITDA | 6.7× | 2.4× | 2nd most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| emart 139480.KS | South Korea | $1.45B | -31% | -1% | 1% | 22.6× | 20.4% | +5.6% |
| AMOREPACIFIC 002790.KS | South Korea | $1.55B | -3% | +9% | 9% | 8.4× | -17.9% | -1.3% |
| d'Alba Global 483650.KS | South Korea | $1.32B | -37% | +55% | 21% | 13.6× | -2.2% | +53.0% |
| Nongshim 004370.KS | South Korea | $1.74B | +8% | +5% | 6% | 11.8× | -16.1% | +5.9% |
| Lotte 004990.KS | South Korea | $1.18B | -27% | +1% | 2% | 69.5× | n/a | n/a |
| DongwonInd 006040.KS | South Korea | $1.17B | -6% | +8% | 6% | 4.6× | -11.4% | +27.4% |
| BGF Retail 282330.KS | South Korea | $1.82B | +9% | +5% | 3% | 10.8× | -18.3% | +7.9% |
| Kolmar Korea 161890.KS | South Korea | $1.89B | +23% | +13% | 10% | 13.0× | -0.9% | +15.5% |
| ORION 001800.KS | South Korea | $1.06B | -4% | +15% | 15% | n/a | -16.5% | +8.3% |
| NATURECELL 007390.KS | South Korea | $1.04B | +14% | -15% | -18% | n/a | n/a | n/a |
| Dongsuh 026960.KS | South Korea | $2.06B | +6% | +6% | 8% | n/a | 16.2% | +1.6% |
| CJ CheilJedang 097950.KS | South Korea | $2.06B | -26% | -7% | 4% | 10.8× | 3.3% | +2.4% |
| Cosmax 192820.KS | South Korea | $2.13B | +21% | +16% | 8% | 16.6× | n/a | n/a |
| Otoki 007310.KS | South Korea | $879M | -13% | +4% | 5% | 9.4× | -6.5% | +7.2% |
| Hitejinro 000080.KS | South Korea | $846M | -3% | -5% | 7% | 13.2× | -4.6% | +2.1% |
| LG H&h 051900.KS | South Korea | $2.56B | -8% | -3% | 3% | 18.5× | -0.1% | -4.1% |
| Cosmecca Korea 241710.KS | South Korea | $798M | +25% | +44% | 13% | 14.4× | -5.9% | +13.6% |
| Lotte Wellfood 280360.KS | South Korea | $796M | +2% | +7% | 4% | 8.8× | 0.4% | +15.2% |
| LotteChilsung 005300.KS | South Korea | $791M | -9% | +1% | 5% | 11.2× | -2.0% | +12.0% |
| Binggrae 005180.KS | South Korea | $472M | +9% | +4% | 9% | 6.3× | n/a | n/a |
| Daesang 001680.KS | South Korea | $459M | -16% | +2% | 4% | 8.1× | -5.6% | +7.2% |