SHINHAN FINANCIAL GROUP-ADR (SHG) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:SHG • US8245961003

69.45 USD
+2.75 (+4.12%)
Last: Feb 11, 2026, 09:42 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Taking everything into account, SHG scores 3 out of 10 in our fundamental rating. SHG was compared to 381 industry peers in the Banks industry. SHG may be in some trouble as it scores bad on both profitability and health. SHG is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year SHG was profitable.
  • In the past year SHG had a positive cash flow from operations.
  • Each year in the past 5 years SHG has 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

  • The Return On Assets of SHG (0.60%) is worse than 72.18% of its industry peers.
  • SHG's Return On Equity of 8.07% is in line compared to the rest of the industry. SHG outperforms 43.31% 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

  • With a Profit Margin value of 20.29%, SHG is not doing good in the industry: 66.93% of the companies in the same industry are doing better.
  • SHG's Profit Margin has improved in the last couple of years.
  • SHG does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • SHG does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, SHG has less shares outstanding
  • Compared to 5 years ago, SHG has more shares outstanding
  • The debt/assets ratio for SHG has been reduced compared to a year ago.
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

  • The Debt to FCF ratio of SHG is 10.50, which is on the high side as it means it would take SHG, 10.50 years of fcf income to pay off 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 78.48% 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.
  • SHG's Debt to Equity ratio of 2.63 is on the low side compared to the rest of the industry. SHG is outperformed by 91.34% 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

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 9.70% over the past year.
  • Measured over the past 5 years, SHG shows a small growth in Earnings Per Share. The EPS has been growing by 3.81% on average per year.
  • Looking at the last year, SHG shows a small growth in Revenue. The Revenue has grown by 4.43% in the last year.
  • SHG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.73% yearly.
EPS 1Y (TTM)9.7%
EPS 3Y2.1%
EPS 5Y3.81%
EPS Q2Q%14.1%
Revenue 1Y (TTM)4.43%
Revenue growth 3Y-1.74%
Revenue growth 5Y-0.73%
Sales Q2Q%-7.07%

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 13.07% on average per year.
  • Based on estimates for the next years, SHG will show a small growth in Revenue. The Revenue will grow by 3.97% on average per year.
EPS Next Y23.61%
EPS Next 2Y15.16%
EPS Next 3Y13.07%
EPS Next 5YN/A
Revenue Next Year4.72%
Revenue Next 2Y4.31%
Revenue Next 3Y3.97%
Revenue Next 5YN/A

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 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 2K 4K 6K 8K 10K

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7

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.41, which indicates a very decent valuation of SHG.
  • SHG's Price/Earnings ratio is rather cheap when compared to the industry. SHG is cheaper than 83.99% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.03. SHG is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 8.89, which indicates a very decent valuation of SHG.
  • SHG's Price/Forward Earnings ratio is rather cheap when compared to the industry. SHG is cheaper than 89.50% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of SHG to the average of the S&P500 Index (27.97), we can say SHG is valued rather cheaply.
Industry RankSector Rank
PE 10.41
Fwd PE 8.89
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

  • Based on the Price/Free Cash Flow ratio, SHG is valued cheaply inside the industry as 96.33% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 3.32
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.
  • SHG's earnings are expected to grow with 13.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.44
PEG (5Y)2.73
EPS Next 2Y15.16%
EPS Next 3Y13.07%

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

6

5. Dividend

5.1 Amount

  • SHG has a Yearly Dividend Yield of 2.30%.
  • SHG's Dividend Yield is comparable with the industry average which is at 2.53.
  • Compared to an average S&P500 Dividend Yield of 1.80, SHG pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.3%

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 2Y15.16%
EPS Next 3Y13.07%
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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SHINHAN FINANCIAL GROUP-ADR

NYSE:SHG (2/11/2026, 9:42:55 AM)

69.45

+2.75 (+4.12%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-05
Earnings (Next)04-23
Inst Owners42.05%
Inst Owner Change0.8%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap32.96B
Revenue(TTM)23.02T
Net Income(TTM)4.67T
Analysts84.14
Price Target68.32 (-1.63%)
Short Float %0.06%
Short Ratio1.35
Dividend
Industry RankSector Rank
Dividend Yield 2.3%
Yearly Dividend1.75
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)7.1%
PT rev (3m)5.75%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.2%
EPS NY rev (1m)-0.17%
EPS NY rev (3m)-1.13%
Revenue NQ rev (1m)0.25%
Revenue NQ rev (3m)-0.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE 10.41
Fwd PE 8.89
P/S 2.09
P/FCF 3.32
P/OCF 3.18
P/B 0.83
P/tB 0.93
EV/EBITDA N/A
EPS(TTM)6.67
EY9.6%
EPS(NY)7.81
Fwd EY11.25%
FCF(TTM)20.92
FCFY30.13%
OCF(TTM)21.87
OCFY31.49%
SpS33.18
BVpS83.41
TBVpS74.9
PEG (NY)0.44
PEG (5Y)2.73
Graham Number111.89
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)9.7%
EPS 3Y2.1%
EPS 5Y3.81%
EPS Q2Q%14.1%
EPS Next Y23.61%
EPS Next 2Y15.16%
EPS Next 3Y13.07%
EPS Next 5YN/A
Revenue 1Y (TTM)4.43%
Revenue growth 3Y-1.74%
Revenue growth 5Y-0.73%
Sales Q2Q%-7.07%
Revenue Next Year4.72%
Revenue Next 2Y4.31%
Revenue Next 3Y3.97%
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 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 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 3 / 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 10.41 and the Price/Book (PB) ratio is 0.83.


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 23.61% in the next year.