SHINHAN FINANCIAL GROUP-ADR (SHG) Fundamental Analysis & Valuation

NYSE:SHG • US8245961003

Current stock price

58.79 USD
-0.44 (-0.74%)
At close:
58.79 USD
0 (0%)
After Hours:

This SHG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. SHG Profitability Analysis

1.1 Basic Checks

  • In the past year SHG was profitable.
  • SHG had a positive operating cash flow in the past year.
  • In the past 5 years SHG has always been profitable.
  • SHG had a positive operating cash flow in 4 of the past 5 years.
SHG Yearly Net Income VS EBIT VS OCF VS FCFSHG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2T -2T 4T -4T 6T -6T

1.2 Ratios

  • SHG has a worse Return On Assets (0.60%) than 75.85% of its industry peers.
  • SHG has a worse Return On Equity (8.07%) than 60.10% of its industry peers.
Industry RankSector Rank
ROA 0.6%
ROE 8.07%
ROIC N/A
ROA(3y)0.62%
ROA(5y)0.6%
ROE(3y)8.1%
ROE(5y)8.02%
ROIC(3y)N/A
ROIC(5y)N/A
SHG Yearly ROA, ROE, ROICSHG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • The Profit Margin of SHG (20.29%) is worse than 68.24% of its industry peers.
  • SHG's Profit Margin has improved in the last couple of years.
  • The Operating Margin and Gross Margin are not available for SHG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 20.29%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.9%
PM growth 5Y5.81%
GM growth 3YN/A
GM growth 5YN/A
SHG Yearly Profit, Operating, Gross MarginsSHG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

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1

2. SHG Health Analysis

2.1 Basic Checks

  • SHG does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for SHG has been reduced compared to 1 year ago.
  • SHG has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, SHG has an improved debt to assets ratio.
SHG Yearly Shares OutstandingSHG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
SHG Yearly Total Debt VS Total AssetsSHG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200T 400T 600T

2.2 Solvency

  • SHG has a debt to FCF ratio of 10.50. This is a negative value and a sign of low solvency as SHG would need 10.50 years to pay back of all of its debts.
  • SHG's Debt to FCF ratio of 10.50 is on the low side compared to the rest of the industry. SHG is outperformed by 77.95% of its industry peers.
  • A Debt/Equity ratio of 2.63 is on the high side and indicates that SHG has dependencies on debt financing.
  • The Debt to Equity ratio of SHG (2.63) is worse than 91.60% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.63
Debt/FCF 10.5
Altman-Z N/A
ROIC/WACCN/A
WACC7.67%
SHG Yearly LT Debt VS Equity VS FCFSHG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20T 40T 60T 80T 100T

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SHG Yearly Current Assets VS Current LiabilitesSHG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20T 40T 60T

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. SHG Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.87% over the past year.
  • The Earnings Per Share has been growing slightly by 3.81% on average over the past years.
  • SHG shows a small growth in Revenue. In the last year, the Revenue has grown by 2.30%.
  • Measured over the past years, SHG shows a decrease in Revenue. The Revenue has been decreasing by -0.73% on average per year.
EPS 1Y (TTM)4.87%
EPS 3Y2.1%
EPS 5Y3.81%
EPS Q2Q%N/A
Revenue 1Y (TTM)2.3%
Revenue growth 3Y-1.74%
Revenue growth 5Y-0.73%
Sales Q2Q%14.45%

3.2 Future

  • Based on estimates for the next years, SHG will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.78% on average per year.
  • The Revenue is expected to grow by 9.16% on average over the next years. This is quite good.
EPS Next Y23.54%
EPS Next 2Y17.02%
EPS Next 3Y14.24%
EPS Next 5Y14.78%
Revenue Next Year4.95%
Revenue Next 2Y5.11%
Revenue Next 3Y4.55%
Revenue Next 5Y9.16%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
SHG Yearly Revenue VS EstimatesSHG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5T 10T 15T 20T
SHG Yearly EPS VS EstimatesSHG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5K 10K

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7

4. SHG Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.19 indicates a reasonable valuation of SHG.
  • Compared to the rest of the industry, the Price/Earnings ratio of SHG indicates a somewhat cheap valuation: SHG is cheaper than 71.13% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.71. SHG is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 7.44, the valuation of SHG can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, SHG is valued cheaply inside the industry as 91.60% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 23.83. SHG is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.19
Fwd PE 7.44
SHG Price Earnings VS Forward Price EarningsSHG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • SHG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SHG is cheaper than 96.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.87
EV/EBITDA N/A
SHG Per share dataSHG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • SHG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as SHG's earnings are expected to grow with 14.24% in the coming years.
PEG (NY)0.43
PEG (5Y)2.67
EPS Next 2Y17.02%
EPS Next 3Y14.24%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. SHG Dividend Analysis

5.1 Amount

  • SHG has a Yearly Dividend Yield of 2.45%.
  • SHG's Dividend Yield is slightly below the industry average, which is at 2.90.
  • SHG's Dividend Yield is a higher than the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 2.45%

5.2 History

  • On average, the dividend of SHG grows each year by 7.01%, which is quite nice.
  • SHG has paid a dividend for at least 10 years, which is a reliable track record.
  • SHG has decreased its dividend recently.
Dividend Growth(5Y)7.01%
Div Incr Years1
Div Non Decr Years1
SHG Yearly Dividends per shareSHG Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100 200 300 400 500

5.3 Sustainability

  • SHG pays out 27.66% of its income as dividend. This is a sustainable payout ratio.
  • SHG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP27.66%
EPS Next 2Y17.02%
EPS Next 3Y14.24%
SHG Yearly Income VS Free CF VS DividendSHG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2T -2T 4T -4T 6T -6T
SHG Dividend Payout.SHG Dividend Payout, showing the Payout Ratio.SHG Dividend Payout.PayoutRetained Earnings

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SHG Fundamentals: All Metrics, Ratios and Statistics

SHINHAN FINANCIAL GROUP-ADR

NYSE:SHG (3/13/2026, 8:04:00 PM)

After market: 58.79 0 (0%)

58.79

-0.44 (-0.74%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-05
Earnings (Next)04-23
Inst Owners46.99%
Inst Owner Change7.83%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap27.90B
Revenue(TTM)22.98T
Net Income(TTM)4.67T
Analysts84.14
Price Target73.93 (25.75%)
Short Float %0.07%
Short Ratio1.24
Dividend
Industry RankSector Rank
Dividend Yield 2.45%
Yearly Dividend1.71
Dividend Growth(5Y)7.01%
DP27.66%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.51%
Min EPS beat(2)3.27%
Max EPS beat(2)3.76%
EPS beat(4)3
Avg EPS beat(4)-9.06%
Min EPS beat(4)-44.89%
Max EPS beat(4)3.76%
EPS beat(8)4
Avg EPS beat(8)-14.55%
EPS beat(12)4
Avg EPS beat(12)-15.6%
EPS beat(16)6
Avg EPS beat(16)-11.63%
Revenue beat(2)1
Avg Revenue beat(2)-0.83%
Min Revenue beat(2)-7.96%
Max Revenue beat(2)6.31%
Revenue beat(4)3
Avg Revenue beat(4)10.58%
Min Revenue beat(4)-7.96%
Max Revenue beat(4)37.09%
Revenue beat(8)7
Avg Revenue beat(8)8.05%
Revenue beat(12)8
Avg Revenue beat(12)5.61%
Revenue beat(16)12
Avg Revenue beat(16)17.02%
PT rev (1m)8.2%
PT rev (3m)16.86%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.46%
EPS NY rev (1m)-0.06%
EPS NY rev (3m)1.23%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)0.27%
Valuation
Industry RankSector Rank
PE 10.19
Fwd PE 7.44
P/S 1.81
P/FCF 2.87
P/OCF 2.74
P/B 0.72
P/tB 0.8
EV/EBITDA N/A
EPS(TTM)5.77
EY9.81%
EPS(NY)7.9
Fwd EY13.44%
FCF(TTM)20.5
FCFY34.87%
OCF(TTM)21.43
OCFY36.45%
SpS32.51
BVpS81.73
TBVpS73.39
PEG (NY)0.43
PEG (5Y)2.67
Graham Number103.01
Profitability
Industry RankSector Rank
ROA 0.6%
ROE 8.07%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 20.29%
GM N/A
FCFM 63.06%
ROA(3y)0.62%
ROA(5y)0.6%
ROE(3y)8.1%
ROE(5y)8.02%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.9%
PM growth 5Y5.81%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 2.63
Debt/FCF 10.5
Debt/EBITDA N/A
Cap/Depr 50.43%
Cap/Sales 2.86%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 310.75%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC7.67%
ROIC/WACCN/A
Cap/Depr(3y)71.87%
Cap/Depr(5y)79.56%
Cap/Sales(3y)3.65%
Cap/Sales(5y)3.48%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.87%
EPS 3Y2.1%
EPS 5Y3.81%
EPS Q2Q%N/A
EPS Next Y23.54%
EPS Next 2Y17.02%
EPS Next 3Y14.24%
EPS Next 5Y14.78%
Revenue 1Y (TTM)2.3%
Revenue growth 3Y-1.74%
Revenue growth 5Y-0.73%
Sales Q2Q%14.45%
Revenue Next Year4.95%
Revenue Next 2Y5.11%
Revenue Next 3Y4.55%
Revenue Next 5Y9.16%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y145.44%
FCF growth 3Y5.15%
FCF growth 5Y-10.2%
OCF growth 1Y125.27%
OCF growth 3Y3.28%
OCF growth 5Y-8.41%

SHINHAN FINANCIAL GROUP-ADR / SHG Fundamental Analysis FAQ

What is the fundamental rating for SHG stock?

ChartMill assigns a fundamental rating of 3 / 10 to SHG.


What is the valuation status of SHINHAN FINANCIAL GROUP-ADR (SHG) stock?

ChartMill assigns a valuation rating of 7 / 10 to SHINHAN FINANCIAL GROUP-ADR (SHG). This can be considered as Undervalued.


Can you provide the profitability details for SHINHAN FINANCIAL GROUP-ADR?

SHINHAN FINANCIAL GROUP-ADR (SHG) has a profitability rating of 2 / 10.


What is the valuation of SHINHAN FINANCIAL GROUP-ADR based on its PE and PB ratios?

The Price/Earnings (PE) ratio for SHINHAN FINANCIAL GROUP-ADR (SHG) is 10.19 and the Price/Book (PB) ratio is 0.72.


Can you provide the expected EPS growth for SHG stock?

The Earnings per Share (EPS) of SHINHAN FINANCIAL GROUP-ADR (SHG) is expected to grow by 23.54% in the next year.