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E-MART Inc (139480) Fair Value & Analysis

Consumer Defensive · KR · Market cap 2.2T KRW

EM E-MART Inc 139480 · KO
Price81,600 KRW
Fair Value106,764 KRW
Upside+30.8%
Quality51/100
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Mixed Growth
Thin margins · 0.4% net margin
Low debt · generates free cash flow
3.13% dividend yield
Trails peers (4/11)
Narrow moat 27/100
Evidence: Medium Range 80,073 KRW – 133,455 KRW Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 18 days ago

Share price +0.6% over the past month.

A solid business, screening 31% undervalued on our models.

What matters now

  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 80,073 KRW (bear) to 133,455 KRW (bull), base 106,764 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

162,563 KRW 52,750 KRW Fair Value 106,764 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 52,750 KRW – 162,563 KRW · fair‑value band 80,073 KRW – 133,455 KRW · the 81,600 KRW price screens below the 106,764 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

E-MART Inc (139480) currently trades at 81,600 KRW, while our model-based Fair Value estimate is 106,764 KRW, implying the stock looks roughly 30.8% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, E-MART Inc generated revenue of 28.9T KRW at a net margin of 0.4%. Revenue declined 1.3% year over year. It earns a return on equity of 1.8%. Net debt stands at 7.3T KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 80,073 KRW (bear case) to 133,455 KRW (bull case); at 81,600 KRW, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -10% fair-value upside, at 31%, 139480 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 92,317 KRW 226,887 KRW 431,958 KRW 80
Residual Income 286,825 KRW 269,035 KRW 204,567 KRW 76
Rev-Margin DCF 70,436 KRW 159,294 KRW 74
All 22 models by family
DCF Models
FCF DCF 87,902 KRW 240,383 KRW 488,548 KRW 38
Owner Earnings 227,074 KRW 466,518 KRW 856,218 KRW 31
5Y Revenue Exit 68,338 KRW 159,856 KRW 39
5Y EBITDA Exit 319,714 KRW 683,150 KRW 1,114,713 KRW 41
5Y P/E Exit 25,838 KRW 80,319 KRW 38
10Y Revenue Exit 21,441 KRW 97,614 KRW 197,323 KRW 36
10Y EBITDA Exit 237,698 KRW 537,263 KRW 951,681 KRW 37
10Y P/E Exit 10,286 KRW 67,223 KRW 134,486 KRW 35
Earnings-Based
Graham-Dodd 34,571 KRW 113,936 KRW 152,370 KRW 54
Lynch FV 25,659 KRW 36,656 KRW 47,652 KRW 50
PEG = 1.0 25,659 KRW 36,656 KRW 47,652 KRW 46
Multiples
P/E Multiple 80,073 KRW 106,764 KRW 133,455 KRW 63
P/S Multiple 64,821 KRW 86,428 KRW 108,035 KRW 58
P/B Multiple 64,821 KRW 86,428 KRW 108,035 KRW 55
EV/EBIT 48,826 KRW 100,062 KRW 53
EV/EBITDA 503,466 KRW 723,327 KRW 943,189 KRW 54
EV/Revenue 603.21 KRW 47,620 KRW 43
Asset-Based
NCAV (Graham) 205,296 KRW 275,096 KRW 410,591 KRW 50
Growth DCF
Growth DCF 92,317 KRW 226,887 KRW 431,958 KRW 80
Rev-Margin DCF 70,436 KRW 159,294 KRW 74
Economic Profit
Residual Income 286,825 KRW 269,035 KRW 204,567 KRW 76
Growth Earnings
Growth-Adj P/E 67,556 KRW 96,508 KRW 125,460 KRW 68

Widest divergence: Asset-Based (275,096 KRW) versus Earnings-Based (36,656 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 28.9T KRW
Revenue growth (YoY) -1.3%
Net margin 0.4%
Return on equity 1.8%
Free cash flow 537B KRW FY2025
Operating margin 2.5%
More key figures
Dividend yield 2.8%
EPS growth (YoY) -15.5%
Net debt 7.3T KRW FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 48 · Market factors (momentum, volatility) 35

Profitability 33
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

E-MART Inc., together with its subsidiaries, operates as a hypermarket retail company in South Korea. The company operates Emart, a discount store; Emart Traders, an everyday low-price store for small business owners; and Emart Mall and Traders Mall, the online shopping stores.

Full company description

E-MART Inc., together with its subsidiaries, operates as a hypermarket retail company in South Korea. The company operates Emart, a discount store; Emart Traders, an everyday low-price store for small business owners; and Emart Mall and Traders Mall, the online shopping stores. It operates specialty stores, including Electro Mart, an electronics and appliance store; Molly's Pet Shop, a pet store; No Brand, a private label hard discount store; PK Market, a food store; Toy Kingdom, a toy store; and Marie's Baby Circle, an infant and toddler product store, as well as SSG Food Market, an urban-style supermarket. The company was founded in 1993 and is headquartered in Seoul, South Korea. E-MART Inc. operates as a subsidiary of SHINSEGAE Inc.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

E-MART Inc reported revenue of 29.0T KRW in FY2025 versus 24.9T KRW in FY2021, a compound +3.8%/yr. Reported net income was 136B KRW in FY2025, compounding −45.7%/yr from FY2021.

Growth Quality 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
29.0T KRW
Latest YoY
−0.2%
Avg. growth/yr (3Y)
−0.4%
Avg. growth/yr (5Y)
+5.6%
Avg. growth/yr (14Y)
+9.7%
Revenue +3.8%/yr
FY21 24.9T KRW
FY22 29.3T KRW
FY23 29.5T KRW
FY24 29.0T KRW
FY25 29.0T KRW
Net income −45.7%/yr
FY21 1.6T KRW
FY22 1.0T KRW
FY23 −89.1B KRW
FY24 −590B KRW
FY25 136B KRW

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Cite: Fair Value Calculator (2026). "E-MART Inc Fair Value". https://www.fairvalue-calculator.com/stock/139480

Peer Group

Discount Stores · 25 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Bottom 25%
Fair Value upside +31% · Top 25%
Return on equity (TTM) 2% · Bottom 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 3% · Bottom 25%
Revenue growth -1% · Bottom 25%
Dividend yield (TTM) 3.1% · Above median
Debt / equity 0.50× · Higher than median

Valuation Multiples vs Discount Stores median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 2.4× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 74 · sector 11
FUTURE 0 · sector 37
PAST 7 · sector 76
HEALTH 75 · sector 89
DIVIDEND 63 · sector 21

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Discount Stores stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Walmart Inc WMT $113.90 $48.65 -57%
Costco Wholesale Corporation COST $916.25 $383.51 -58%
Target Corporation TGT $139.60 $118.22 -15%
Wal-Mart de México, S.A. WALMEX 49.49 MXN 60.59 MXN +22%
Dollarama Inc DOL C$188.95 C$92.38 -51%
Avenue Supermarts Limited DMART ₹4,081 ₹1,066 -74%
Dollar General Corporation DG $125.75 $116.55 -7%
Dollar Tree, Inc DLTR $124.91 $125.92 +1%
BJ's Wholesale Club Holdings BJ $90.24 $80.99 -10%
Pepco Group PCO 40.64 PLN 54.90 PLN +35%

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Frequently asked questions

Is E-MART Inc (139480) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 106,764 KRW versus a price of 81,600 KRW, about +31% (undervalued).
What is the fair value of 139480?
Our model-based fair value for E-MART Inc is 106,764 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 81,600 KRW.
What is the quality score of 139480?
E-MART Inc has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of E-MART Inc (139480)?
E-MART Inc reported trailing-twelve-month revenue of about 28.9T KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 139480?
The net profit margin of E-MART Inc is about 0.4%, meaning it keeps roughly 0.4% of revenue as net income. Based on the latest reported figures.
Does E-MART Inc pay a dividend?
E-MART Inc currently shows a dividend yield of about 2.83% relative to its recent price (as of Jul 22, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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