(SHG) Shinhan Financial - Ratings and Ratios
Banking, Credit Cards, Securities, Insurance, Lending
SHG EPS (Earnings per Share)
SHG Revenue
Description: SHG Shinhan Financial
Shinhan Financial Group Co., Ltd. (NYSE: SHG) is a South Korean diversified banking holding company that delivers a full suite of financial products and services domestically and abroad, operating across six primary segments: Commercial Banking, Credit Card, Securities, Insurance, Credit, and “Other” businesses.
The Commercial Banking arm provides retail deposits (demand, savings, and time deposits), mortgage and home-equity loans, and a broad digital banking platform (ATM, online banking, bill-pay, payroll, and foreign-exchange services). Its corporate franchise covers investment banking, real-estate and infrastructure financing, venture-capital equity investments, M&A advisory, securitization, derivatives, and working-capital facilities.
Beyond core banking, Shinhan’s “Other” segment encompasses treasury and international capital-market activities (FX and foreign-currency securities trading, trade finance, factoring, and foreign-bank operations), as well as asset-management, life and non-life insurance, securities brokerage, real-estate trusts, and venture-business investments.
Key recent metrics (2023 FY): net profit of KRW 3.1 trillion, return on equity (ROE) of 9.8 %, net interest margin (NIM) of 1.7 %, and loan-book growth of 4.2 % YoY, driven largely by a rebound in corporate lending and a modest rise in mortgage originations. The bank’s efficiency ratio improved to 62 % as digital channels captured ~30 % of retail transactions.
Sector-level drivers that will shape Shinhan’s outlook include the Bank of Korea’s policy-rate trajectory (currently near 4 % after a series of hikes to curb inflation), South Korea’s modest GDP growth forecast of 2.1 % for 2025, and the ongoing consolidation of fintech platforms that pressures traditional fee income. A rise in non-performing loan (NPL) ratios above the industry average of 1.1 % would be a red flag for credit quality.
For a deeper quantitative dive into Shinhan’s valuation dynamics, you may find it useful to explore the analytics available on ValueRay.
SHG Stock Overview
| Market Cap in USD | 24,619m |
| Sub-Industry | Diversified Banks |
| IPO / Inception | 2003-09-16 |
SHG Stock Ratings
| Growth Rating | 81.4% |
| Fundamental | 56.4% |
| Dividend Rating | 53.2% |
| Return 12m vs S&P 500 | 15.8% |
| Analyst Rating | 5.0 of 5 |
SHG Dividends
| Dividend Yield 12m | 2.29% |
| Yield on Cost 5y | 6.31% |
| Annual Growth 5y | 10.13% |
| Payout Consistency | 85.1% |
| Payout Ratio | 13.6% |
SHG Growth Ratios
| Growth Correlation 3m | 38.3% |
| Growth Correlation 12m | 67% |
| Growth Correlation 5y | 67% |
| CAGR 5y | 33.71% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.96 |
| CAGR/Mean DD 3y (Pain Ratio) | 2.39 |
| Sharpe Ratio 12m | 0.68 |
| Alpha | 17.39 |
| Beta | 0.608 |
| Volatility | 32.30% |
| Current Volume | 267.5k |
| Average Volume 20d | 201.8k |
| Stop Loss | 50.7 (-3.2%) |
| Signal | 1.18 |
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (4740.56b TTM) > 0 and > 6% of Revenue (6% = 1755.09b TTM) |
| FCFTA 0.01 (>2.0%) and ΔFCFTA 2.47pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -1037 % (prev -982.9%; Δ -53.91pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.01 (>3.0%) and CFO 4698.08b <= Net Income 4740.56b (YES >=105%, WARN >=100%) |
| Net Debt (104552.19b) to EBITDA (6833.95b) ratio: 15.30 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.31 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (487.4m) change vs 12m ago -4.72% (target <= -2.0% for YES) |
| Gross Margin 51.08% (prev 75.90%; Δ -24.82pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 3.95% (prev 4.22%; Δ -0.27pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.34 (EBITDA TTM 6833.95b / Interest Expense TTM 17325.56b) >= 6 (WARN >= 3) |
Altman Z'' -2.35
| (A) -0.40 = (Total Current Assets 137186.36b - Total Current Liabilities 440481.78b) / Total Assets 752691.46b |
| (B) 0.05 = Retained Earnings (Balance) 40511.75b / Total Assets 752691.46b |
| (C) 0.01 = EBIT TTM 5843.05b / Avg Total Assets 740185.67b |
| (D) 0.06 = Book Value of Equity 40591.80b / Total Liabilities 692495.60b |
| Total Rating: -2.35 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 56.42
| 1. Piotroski 3.0pt = -2.0 |
| 2. FCF Yield 9.69% = 4.84 |
| 3. FCF Margin 13.97% = 3.49 |
| 4. Debt/Equity 2.53 = -0.04 |
| 5. Debt/Ebitda 15.30 = -2.50 |
| 6. ROIC - WACC (= -0.99)% = -1.24 |
| 7. RoE 8.39% = 0.70 |
| 8. Rev. Trend 40.05% = 3.00 |
| 9. EPS Trend 3.26% = 0.16 |
What is the price of SHG shares?
Over the past week, the price has changed by +5.46%, over one month by +5.50%, over three months by +5.98% and over the past year by +33.37%.
Is Shinhan Financial a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SHG is around 61.31 USD . This means that SHG is currently undervalued and has a potential upside of +17.07% (Margin of Safety).
Is SHG a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the SHG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 65.7 | 25.4% |
| Analysts Target Price | 65.7 | 25.4% |
| ValueRay Target Price | 65.2 | 24.5% |
Last update: 2025-10-08 02:24
SHG Fundamental Data Overview
P/E Trailing = 7.7454
P/E Forward = 4.0833
P/S = 0.0016
P/B = 0.6022
P/EG = 5.1048
Beta = 0.608
Revenue TTM = 29251.55b KRW
EBIT TTM = 5843.05b KRW
EBITDA TTM = 6833.95b KRW
Long Term Debt = 129764.37b KRW (from longTermDebt, last quarter)
Short Term Debt = 14671.03b KRW (from shortTermDebt, last quarter)
Debt = 144435.40b KRW (from shortLongTermDebtTotal, last quarter)
Net Debt = 104552.19b KRW (from netDebt column, last quarter)
Enterprise Value = 42184.13b KRW (34899.20b + Debt 144435.40b - CCE 137150.47b)
Interest Coverage Ratio = 0.34 (Ebit TTM 5843.05b / Interest Expense TTM 17325.56b)
FCF Yield = 9.69% (FCF TTM 4086.30b / Enterprise Value 42184.13b)
FCF Margin = 13.97% (FCF TTM 4086.30b / Revenue TTM 29251.55b)
Net Margin = 16.21% (Net Income TTM 4740.56b / Revenue TTM 29251.55b)
Gross Margin = 51.08% ((Revenue TTM 29251.55b - Cost of Revenue TTM 14309.78b) / Revenue TTM)
Gross Margin QoQ = 46.39% (prev 45.89%)
Tobins Q-Ratio = 0.06 (Enterprise Value 42184.13b / Total Assets 752691.46b)
Interest Expense / Debt = 2.84% (Interest Expense 4103.23b / Debt 144435.40b)
Taxrate = 23.88% (494.89b / 2072.12b)
NOPAT = 4447.54b (EBIT 5843.05b * (1 - 23.88%))
Current Ratio = 0.31 (Total Current Assets 137186.36b / Total Current Liabilities 440481.78b)
Debt / Equity = 2.53 (Debt 144435.40b / totalStockholderEquity, last quarter 57189.89b)
Debt / EBITDA = 15.30 (Net Debt 104552.19b / EBITDA 6833.95b)
Debt / FCF = 25.59 (Net Debt 104552.19b / FCF TTM 4086.30b)
Total Stockholder Equity = 56515.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.63% (Net Income 4740.56b / Total Assets 752691.46b)
RoE = 8.39% (Net Income TTM 4740.56b / Total Stockholder Equity 56515.75b)
RoCE = 3.14% (EBIT 5843.05b / Capital Employed (Equity 56515.75b + L.T.Debt 129764.37b))
RoIC = 2.36% (NOPAT 4447.54b / Invested Capital 188456.19b)
WACC = 3.35% (E(34899.20b)/V(179334.60b) * Re(8.26%) + D(144435.40b)/V(179334.60b) * Rd(2.84%) * (1-Tc(0.24)))
Discount Rate = 8.26% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.39%
[DCF Debug] Terminal Value 69.50% ; FCFE base≈4086.30b ; Y1≈2682.85b ; Y5≈1226.88b
Fair Price DCF = 47.9k (DCF Value 23245.94b / Shares Outstanding 485.5m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 3.26 | EPS CAGR: -36.36% | SUE: -2.28 | # QB: 0
Revenue Correlation: 40.05 | Revenue CAGR: 19.01% | SUE: 0.86 | # QB: 7
Additional Sources for SHG Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle