Company Valuation: E-MART Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,196,042 2,625,259 2,051,988 1,698,382 2,177,607 1,976,873 - -
Change - -37.43% -21.84% -17.23% 28.22% -9.22% - -
Enterprise Value (EV) 1 9,869 8,703 8,155 8,740 9,471 10,111 10,013 9,853
Change - -11.81% -6.3% 7.17% 8.37% 6.75% -0.96% -1.61%
P/E 2.69x 2.61x -19.8x -2.85x 16x -791x 8.45x 6.89x
PBR 0.41x 0.23x 0.18x 0.16x 0.2x 0.19x 0.18x 0.18x
PEG - -0.1x 0x -0x -0x 8x -0x 0.3x
Capitalization / Revenue 0.17x 0.09x 0.07x 0.06x 0.08x 0.07x 0.07x 0.06x
EV / Revenue 0.4x 0.3x 0.28x 0.3x 0.33x 0.35x 0.33x 0.32x
EV / EBITDA 6.79x 5.13x 5.26x 5.22x 5.23x 5.3x 5.06x 5.09x
EV / EBIT 31.3x 64.2x -174x 186x 29.4x 25.4x 16.7x 15.1x
EV / FCF 9.37x 24.3x 22.1x 10.8x 15.9x 10.6x 10.2x 10.6x
FCF Yield 10.7% 4.12% 4.53% 9.26% 6.3% 9.46% 9.8% 9.44%
Dividend per Share 3 2,012 2,000 2,000 2,000 2,500 2,600 2,655 2,771
Rate of return 1.33% 2.04% 2.61% 3.15% 3.08% 3.52% 3.6% 3.76%
EPS 3 56,152 37,528 -3,864 -22,240 5,084 -93.34 8,732 10,717
Distribution rate 3.58% 5.33% -51.8% -8.99% 49.2% -2,786% 30.4% 25.9%
Net sales 1 24,933 29,332 29,472 29,021 28,970 28,883 30,096 31,027
EBITDA 1 1,454 1,696 1,549 1,675 1,812 1,906 1,977 1,935
EBIT 1 315.6 135.7 -46.9 47.1 322.5 398.4 600.1 654
Net income 1 1,571 1,029 -89.1 -590 136.2 -23.72 238.7 292.5
Net Debt 1 5,673 6,078 6,103 7,041 7,294 8,134 8,037 7,876
Reference price 3 151,000.00 98,000.00 76,600.00 63,400.00 81,300.00 73,800.00 73,800.00 73,800.00
Nbr of stocks (in thousands) 27,788 26,788 26,788 26,788 26,785 26,787 - -
Announcement Date 2/10/22 2/28/23 2/14/24 2/11/25 2/11/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-781.01x0.35x5.29x3.57% 1.44B
19.98x0.86x5.82x6.3% 37.31B
35.26x1.45x18.18x0.34% 27.89B
16.92x0.6x6.81x2.93% 27.37B
69.89x3.09x40.53x-.--% 26.33B
27.22x0.84x9.08x3.52% 22.93B
16.84x0.39x5.73x3.64% 13.23B
11.45x0.24x4.39x6.43% 13.28B
7.31x1.63x5.57x2.74% 10.84B
20.82x0.8x8.77x2.74% 10.59B
Average -55.53x 1.03x 11.02x 3.22% 19.12B
Weighted average by Cap. 22.01x 1.18x 12.98x 3.15%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield