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

NYSE:SHG • US8245961003

Current stock price

65.57 USD
-1.02 (-1.53%)
At close:
65.57 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.

3

1. SHG Profitability Analysis

1.1 Basic Checks

  • In the past year SHG was profitable.
  • In the past year SHG had a positive cash flow from operations.
  • In the past 5 years SHG has always been profitable.
  • In the past 5 years SHG always reported a positive cash flow from operatings.
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 2025 0 5T -5T

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.61%, SHG is doing worse than 79.79% of the companies in the same industry.
  • With a Return On Equity value of 8.24%, SHG is not doing good in the industry: 62.77% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 0.61%
ROE 8.24%
ROIC N/A
ROA(3y)0.6%
ROA(5y)0.61%
ROE(3y)7.88%
ROE(5y)8.16%
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 2025 2 4 6 8

1.3 Margins

  • With a Profit Margin value of 20.05%, SHG is not doing good in the industry: 71.28% of the companies in the same industry are doing better.
  • 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) 20.05%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-3.77%
PM growth 5Y5.57%
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 2025 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 less 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 2025 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 2025 200T 400T 600T

2.2 Solvency

  • SHG has a debt to FCF ratio of 17.39. This is a negative value and a sign of low solvency as SHG would need 17.39 years to pay back of all of its debts.
  • SHG has a Debt to FCF ratio of 17.39. This is amonst the worse of the industry: SHG underperforms 83.78% of its industry peers.
  • A Debt/Equity ratio of 2.73 is on the high side and indicates that SHG has dependencies on debt financing.
  • SHG has a Debt to Equity ratio of 2.73. This is amonst the worse of the industry: SHG underperforms 92.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.73
Debt/FCF 17.39
Altman-Z N/A
ROIC/WACCN/A
WACC7.09%
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 2025 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 2025 20T 40T 60T

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5

3. SHG Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 16.26% over the past year.
  • The Earnings Per Share has been growing slightly by 7.85% on average over the past years.
  • The Revenue has grown by 10.31% in the past year. This is quite good.
  • SHG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.81% yearly.
EPS 1Y (TTM)16.26%
EPS 3Y5.14%
EPS 5Y7.85%
EPS Q2Q%35.91%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y5.91%
Revenue growth 5Y1.81%
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 13.89% on average per year.
  • SHG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.04% yearly.
EPS Next Y17.97%
EPS Next 2Y13.51%
EPS Next 3Y13.89%
EPS Next 5YN/A
Revenue Next Year5.93%
Revenue Next 2Y4.9%
Revenue Next 3Y5.04%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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 25T
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

  • Based on the Price/Earnings ratio of 9.79, the valuation of SHG can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of SHG indicates a rather cheap valuation: SHG is cheaper than 83.78% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of SHG to the average of the S&P500 Index (27.50), we can say SHG is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 8.30, the valuation of SHG can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SHG indicates a rather cheap valuation: SHG is cheaper than 87.23% of the companies listed in the same industry.
  • SHG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.62.
Industry RankSector Rank
PE 9.79
Fwd PE 8.3
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

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SHG indicates a rather cheap valuation: SHG is cheaper than 91.49% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.06
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

  • The 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 13.89% in the coming years.
PEG (NY)0.54
PEG (5Y)1.25
EPS Next 2Y13.51%
EPS Next 3Y13.89%

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5

5. SHG Dividend Analysis

5.1 Amount

  • SHG has a Yearly Dividend Yield of 2.26%.
  • Compared to an average industry Dividend Yield of 2.57, SHG has a dividend in line with its industry peers.
  • SHG's Dividend Yield is a higher than the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 2.26%

5.2 History

  • The dividend of SHG has a limited annual growth rate of 5.98%.
  • SHG has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)5.98%
Div Incr Years0
Div Non Decr Years0
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 27.10% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of SHG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP27.1%
EPS Next 2Y13.51%
EPS Next 3Y13.89%
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 2025 0 5T -5T
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 (4/22/2026, 8:04:00 PM)

After market: 65.57 0 (0%)

65.57

-1.02 (-1.53%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-05
Earnings (Next)04-23
Inst Owners47.49%
Inst Owner Change0%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap31.12B
Revenue(TTM)23.81T
Net Income(TTM)4.77T
Analysts84.14
Price Target80.33 (22.51%)
Short Float %0.08%
Short Ratio1.07
Dividend
Industry RankSector Rank
Dividend Yield 2.26%
Yearly Dividend1.81
Dividend Growth(5Y)5.98%
DP27.1%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-16.01%
Min EPS beat(2)-35.29%
Max EPS beat(2)3.27%
EPS beat(4)3
Avg EPS beat(4)-6.66%
Min EPS beat(4)-35.29%
Max EPS beat(4)3.76%
EPS beat(8)4
Avg EPS beat(8)-15.98%
EPS beat(12)4
Avg EPS beat(12)-13.65%
EPS beat(16)5
Avg EPS beat(16)-13.98%
Revenue beat(2)1
Avg Revenue beat(2)6.25%
Min Revenue beat(2)-7.96%
Max Revenue beat(2)20.46%
Revenue beat(4)3
Avg Revenue beat(4)13.97%
Min Revenue beat(4)-7.96%
Max Revenue beat(4)37.09%
Revenue beat(8)7
Avg Revenue beat(8)10.42%
Revenue beat(12)8
Avg Revenue beat(12)5.1%
Revenue beat(16)12
Avg Revenue beat(16)13.44%
PT rev (1m)8.67%
PT rev (3m)23.88%
EPS NQ rev (1m)-1.81%
EPS NQ rev (3m)-3.73%
EPS NY rev (1m)-0.95%
EPS NY rev (3m)4.39%
Revenue NQ rev (1m)0.49%
Revenue NQ rev (3m)1.37%
Revenue NY rev (1m)0.63%
Revenue NY rev (3m)2.17%
Valuation
Industry RankSector Rank
PE 9.79
Fwd PE 8.3
P/S 1.93
P/FCF 5.06
P/OCF 4.73
P/B 0.79
P/tB 0.88
EV/EBITDA N/A
EPS(TTM)6.7
EY10.22%
EPS(NY)7.9
Fwd EY12.05%
FCF(TTM)12.96
FCFY19.76%
OCF(TTM)13.87
OCFY21.15%
SpS33.94
BVpS82.61
TBVpS74.21
PEG (NY)0.54
PEG (5Y)1.25
Graham Number111.598 (70.2%)
Profitability
Industry RankSector Rank
ROA 0.61%
ROE 8.24%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 20.05%
GM N/A
FCFM 38.17%
ROA(3y)0.6%
ROA(5y)0.61%
ROE(3y)7.88%
ROE(5y)8.16%
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 3Y-3.77%
PM growth 5Y5.57%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 2.73
Debt/FCF 17.39
Debt/EBITDA N/A
Cap/Depr 49.19%
Cap/Sales 2.68%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 190.43%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC7.09%
ROIC/WACCN/A
Cap/Depr(3y)56.82%
Cap/Depr(5y)72.68%
Cap/Sales(3y)3.02%
Cap/Sales(5y)3.42%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)16.26%
EPS 3Y5.14%
EPS 5Y7.85%
EPS Q2Q%35.91%
EPS Next Y17.97%
EPS Next 2Y13.51%
EPS Next 3Y13.89%
EPS Next 5YN/A
Revenue 1Y (TTM)10.31%
Revenue growth 3Y5.91%
Revenue growth 5Y1.81%
Sales Q2Q%14.45%
Revenue Next Year5.93%
Revenue Next 2Y4.9%
Revenue Next 3Y5.04%
Revenue Next 5YN/A
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 1Y136.27%
FCF growth 3Y13.33%
FCF growth 5YN/A
OCF growth 1Y110.27%
OCF growth 3Y10.61%
OCF growth 5YN/A

SHINHAN FINANCIAL GROUP-ADR / SHG Fundamental Analysis FAQ

What is the fundamental rating for SHG stock?

ChartMill assigns a fundamental rating of 4 / 10 to SHG.


What is the valuation status for SHG stock?

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


What is the profitability of SHG stock?

SHINHAN FINANCIAL GROUP-ADR (SHG) has a profitability rating of 3 / 10.


What are the PE and PB ratios of SHINHAN FINANCIAL GROUP-ADR (SHG) stock?

The Price/Earnings (PE) ratio for SHINHAN FINANCIAL GROUP-ADR (SHG) is 9.79 and the Price/Book (PB) ratio is 0.79.


How sustainable is the dividend of SHINHAN FINANCIAL GROUP-ADR (SHG) stock?

The dividend rating of SHINHAN FINANCIAL GROUP-ADR (SHG) is 5 / 10 and the dividend payout ratio is 27.1%.