(SHG) Shinhan Financial - Overview
Stock: Banking, Card, Securities, Insurance, Credit
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.65% |
| Yield on Cost 5y | 6.43% |
| Yield CAGR 5y | -2.14% |
| Payout Consistency | 84.7% |
| Payout Ratio | 17.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 33.1% |
| Relative Tail Risk | -9.61% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.24 |
| Alpha | 80.12 |
| Character TTM | |
|---|---|
| Beta | 0.685 |
| Beta Downside | 0.496 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.19% |
| CAGR/Max DD | 0.91 |
Description: SHG Shinhan Financial December 17, 2025
Shinhan Financial Group Co., Ltd. (NYSE: SHG) is a diversified South Korean financial services firm operating across six segments: Commercial Banking, Credit Card, Securities, Insurance, Credit, and Others. Its retail banking suite includes demand deposits, savings, mortgages, and electronic banking, while its corporate arm delivers investment banking, real-estate financing, structured finance, and M&A advisory. The group also runs treasury and investment activities in global capital markets, offering foreign-currency securities trading, FX services, trade finance, and asset-management solutions.
Key performance indicators from the latest quarter (Q3 2024) show a net profit of KRW 2.1 trillion, a return on equity (ROE) of 9.3 %, and a net interest margin (NIM) of 1.7 %, reflecting modest earnings growth amid a flattening Korean yield curve. The bank’s loan-to-deposit ratio remains near 90 %, indicating ample liquidity, while its digital banking users grew 12 % YoY, underscoring the sector-wide shift toward fintech channels. Macro-drivers such as South Korea’s gradual interest-rate normalization and tightening housing-market regulations are likely to pressure credit-growth margins but also create opportunities in wealth-management and insurance cross-selling.
For a deeper dive into Shinhan’s valuation dynamics and scenario analysis, you might find ValueRay’s data platform a useful next step.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 4867.04b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -0.92 > 1.0 |
| NWC/Revenue: -1273 % < 20% (prev -841.1%; Δ -432.3% < -1%) |
| CFO/TA -0.01 > 3% & CFO -6154.13b > Net Income 4867.04b |
| Net Debt (86607.92b) to EBITDA (4736.34b): 18.29 < 3 |
| Current Ratio: 0.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (484.2m) vs 12m ago -3.93% < -2% |
| Gross Margin: 61.66% > 18% (prev 0.88%; Δ 6078 % > 0.5%) |
| Asset Turnover: 3.20% > 50% (prev 4.82%; Δ -1.62% > 0%) |
| Interest Coverage Ratio: 0.24 > 6 (EBITDA TTM 4736.34b / Interest Expense TTM 16733.09b) |
Altman Z'' -2.33
| A: -0.40 (Total Current Assets 153819.85b - Total Current Liabilities 464882.72b) / Total Assets 782940.31b |
| B: 0.05 (Retained Earnings 41615.68b / Total Assets 782940.31b) |
| C: 0.01 (EBIT TTM 4077.68b / Avg Total Assets 764168.41b) |
| D: 0.06 (Book Value of Equity 45768.51b / Total Liabilities 722362.70b) |
| Altman-Z'' Score: -2.33 = D |
Beneish M 1.00
| DSRI: 650.5 (Receivables 17476.26b/39.50b, Revenue 24426.97b/35910.21b) |
| GMI: 1.43 (GM 61.66% / 88.28%) |
| AQI: 0.98 (AQ_t 0.80 / AQ_t-1 0.81) |
| SGI: 0.68 (Revenue 24426.97b / 35910.21b) |
| TATA: 0.01 (NI 4867.04b - CFO -6154.13b) / TA 782940.31b) |
| Beneish M-Score: 531.6 (Cap -4..+1) = D |
What is the price of SHG shares?
Over the past week, the price has changed by +11.71%, over one month by +17.53%, over three months by +18.34% and over the past year by +95.58%.
Is SHG a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SHG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 70.7 | 8.5% |
| Analysts Target Price | 70.7 | 8.5% |
| ValueRay Target Price | 90.2 | 38.4% |
SHG Fundamental Data Overview February 05, 2026
P/E Trailing = 9.1963
P/E Forward = 4.0833
P/S = 0.0019
P/B = 0.7243
P/EG = 5.1048
Revenue TTM = 24426.97b KRW
EBIT TTM = 4077.68b KRW
EBITDA TTM = 4736.34b KRW
Long Term Debt = 129486.81b KRW (from longTermDebt, last quarter)
Short Term Debt = 11573.79b KRW (from shortTermDebt, last fiscal year)
Debt = 129788.11b KRW (from shortLongTermDebtTotal, last quarter)
Net Debt = 86607.92b KRW (from netDebt column, last quarter)
Enterprise Value = 128938.44b KRW (42330.52b + Debt 129788.11b - CCE 43180.19b)
Interest Coverage Ratio = 0.24 (Ebit TTM 4077.68b / Interest Expense TTM 16733.09b)
EV/FCF = -19.40x (Enterprise Value 128938.44b / FCF TTM -6647.87b)
FCF Yield = -5.16% (FCF TTM -6647.87b / Enterprise Value 128938.44b)
FCF Margin = -27.22% (FCF TTM -6647.87b / Revenue TTM 24426.97b)
Net Margin = 19.92% (Net Income TTM 4867.04b / Revenue TTM 24426.97b)
Gross Margin = 61.66% ((Revenue TTM 24426.97b - Cost of Revenue TTM 9364.09b) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 46.39%)
Tobins Q-Ratio = 0.16 (Enterprise Value 128938.44b / Total Assets 782940.31b)
Interest Expense / Debt = 3.05% (Interest Expense 3955.18b / Debt 129788.11b)
Taxrate = 25.55% (498.43b / 1950.62b)
NOPAT = 3035.73b (EBIT 4077.68b * (1 - 25.55%))
Current Ratio = 0.33 (Total Current Assets 153819.85b / Total Current Liabilities 464882.72b)
Debt / Equity = 2.24 (Debt 129788.11b / totalStockholderEquity, last quarter 57870.56b)
Debt / EBITDA = 18.29 (Net Debt 86607.92b / EBITDA 4736.34b)
Debt / FCF = -13.03 (negative FCF - burning cash) (Net Debt 86607.92b / FCF TTM -6647.87b)
Total Stockholder Equity = 56983.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.64% (Net Income 4867.04b / Total Assets 782940.31b)
RoE = 8.54% (Net Income TTM 4867.04b / Total Stockholder Equity 56983.02b)
RoCE = 2.19% (EBIT 4077.68b / Capital Employed (Equity 56983.02b + L.T.Debt 129486.81b))
RoIC = 1.60% (NOPAT 3035.73b / Invested Capital 189188.91b)
WACC = 3.79% (E(42330.52b)/V(172118.63b) * Re(8.44%) + D(129788.11b)/V(172118.63b) * Rd(3.05%) * (1-Tc(0.26)))
Discount Rate = 8.44% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.72%
Fair Price DCF = unknown (Cash Flow -6647.87b)
EPS Correlation: -12.31 | EPS CAGR: -48.22% | SUE: -1.20 | # QB: 0
Revenue Correlation: 4.08 | Revenue CAGR: -9.61% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.07 | Chg30d=-0.056 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=7.56 | Chg30d=-0.204 | Revisions Net=-1 | Growth EPS=+4.7% | Growth Revenue=+3.4%