Financials E-MART Inc.

Equities

A139480

KR7139480008

Food Retail & Distribution

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
63,100 KRW +0.16% Intraday chart for E-MART Inc. +4.30% -17.62%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,473,633 4,085,073 4,196,042 2,625,259 2,051,988 1,690,345 - -
Enterprise Value (EV) 2 7,930 6,281 9,869 8,703 2,052 10,982 10,778 9,903
P/E ratio 16.7 x 12.2 x 2.69 x 2.61 x -19.8 x 16.5 x 7.23 x 6.87 x
Yield 1.57% 1.32% 1.33% 2.04% - 3.35% 3.64% 4.24%
Capitalization / Revenue 0.18 x 0.19 x 0.17 x 0.09 x 0.07 x 0.06 x 0.05 x 0.05 x
EV / Revenue 0.42 x 0.29 x 0.4 x 0.3 x 0.07 x 0.36 x 0.34 x 0.31 x
EV / EBITDA 7.67 x 5.13 x 6.79 x 5.13 x 1.32 x 7.01 x 6.41 x 6 x
EV / FCF -25.1 x 6.22 x 9.37 x 24.3 x - 20.5 x 15.8 x 21.3 x
FCF Yield -3.98% 16.1% 10.7% 4.12% - 4.89% 6.33% 4.69%
Price to Book 0.39 x 0.45 x 0.41 x 0.23 x - 0.15 x 0.15 x 0.15 x
Nbr of stocks (in thousands) 27,244 26,964 27,788 26,788 26,788 26,788 - -
Reference price 3 127,500 151,500 151,000 98,000 76,600 63,100 63,100 63,100
Announcement Date 2/5/20 2/9/21 2/10/22 2/28/23 2/14/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 19,063 21,395 24,933 29,332 29,472 30,227 31,375 32,394
EBITDA 1 1,033 1,223 1,454 1,696 1,549 1,567 1,681 1,652
EBIT 1 150.7 237.2 315.6 135.7 -46.9 179.5 362.5 421.5
Operating Margin 0.79% 1.11% 1.27% 0.46% -0.16% 0.59% 1.16% 1.3%
Earnings before Tax (EBT) 1 282.1 621.9 2,114 1,252 -212.3 123.8 295.9 381.4
Net income 1 233.9 362.6 1,571 1,029 -89.1 113.8 241.4 188.2
Net margin 1.23% 1.69% 6.3% 3.51% -0.3% 0.38% 0.77% 0.58%
EPS 2 7,620 12,378 56,152 37,528 -3,864 3,818 8,730 9,186
Free Cash Flow 3 -315,870 1,009,911 1,053,219 358,178 - 536,667 682,667 464,333
FCF margin -1,656.99% 4,720.33% 4,224.25% 1,221.1% - 1,775.47% 2,175.84% 1,433.38%
FCF Conversion (EBITDA) - 82,546.66% 72,437.39% 21,114.02% - 34,252.5% 40,609.31% 28,113.13%
FCF Conversion (Net income) - 278,533.74% 67,052.15% 34,798.78% - 471,417.08% 282,813.79% 246,723.34%
Dividend per Share 2 2,000 2,000 2,012 2,000 - 2,116 2,294 2,675
Announcement Date 2/5/20 2/9/21 2/10/22 2/28/23 2/14/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 6,312 6,860 7,004 7,147 7,707 7,474 7,135 7,271 7,710 7,356 7,309 7,398 7,956 7,649 -
EBITDA 1 458.6 344.3 413.9 374.9 1,449 414.8 403.3 346.4 483.4 315.9 357.5 289.8 453.9 424.2 -
EBIT 1 108.6 76.1 34.4 -12.3 100.7 12.79 13.7 -53 77.92 -85.5 25.79 -28.56 114.9 63.56 -
Operating Margin 1.72% 1.11% 0.49% -0.17% 1.31% 0.17% 0.19% -0.73% 1.01% -1.16% 0.35% -0.39% 1.44% 0.83% -
Earnings before Tax (EBT) 1 1,273 42.85 1,097 -82.4 181.4 56.77 5.3 -137.2 41.81 -122.2 13.32 -48.08 89.5 42.5 -
Net income 1 933.6 69.46 811.1 -61.1 106.4 172.9 11.2 -87.8 41.24 -53.7 9.306 -30.17 79.23 49.51 -
Net margin 14.79% 1.01% 11.58% -0.85% 1.38% 2.31% 0.16% -1.21% 0.53% -0.73% 0.13% -0.41% 1% 0.65% -
EPS 2 33,657 2,272 29,162 -1,790 4,100 6,056 284.0 -3,412 1,404 -2,140 385.6 102.8 843.2 97.77 -
Dividend per Share 2 - 2,012 - - - 2,000 - - - - - - - 2,000 -
Announcement Date 11/11/21 2/10/22 5/12/22 8/11/22 11/10/22 2/28/23 5/11/23 8/14/23 11/14/23 2/14/24 - - - - -
1KRW in Billions2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,456 2,196 5,673 6,078 - 9,292 9,088 8,212
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.313 x 1.795 x 3.902 x 3.583 x - 5.931 x 5.406 x 4.972 x
Free Cash Flow 2 -315,870 1,009,911 1,053,219 358,178 - 536,667 682,667 464,333
ROE (net income / shareholders' equity) 2.35% 3.5% 13.9% 7.85% - 0.97% 2.01% 2.06%
ROA (Net income/ Total Assets) 1.18% 1.67% 5.86% 3.1% - 0.3% 0.64% 0.83%
Assets 1 19,763 21,718 26,791 33,202 - 37,947 37,456 22,812
Book Value Per Share 3 329,988 336,509 369,202 418,373 - 417,426 422,714 413,795
Cash Flow per Share 3 28,754 60,964 49,583 52,493 - 47,882 49,807 61,808
Capex 1 1,132 634 1,133 1,154 - 839 839 830
Capex / Sales 5.94% 2.96% 4.55% 3.93% - 2.77% 2.68% 2.56%
Announcement Date 2/5/20 2/9/21 2/10/22 2/28/23 2/14/24 - - -
1KRW in Billions2KRW in Million3KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
14
Last Close Price
63,100 KRW
Average target price
84,214 KRW
Spread / Average Target
+33.46%
Consensus