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

NYSE:SHG • US8245961003

Current stock price

67.75 USD
-0.16 (-0.24%)
Last:

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

  • SHG had positive earnings in the past year.
  • SHG had a positive operating cash flow in the past year.
  • SHG had positive earnings in each of the past 5 years.
  • SHG had a positive operating cash flow in each 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 2025 0 5T -5T

1.2 Ratios

  • SHG has a worse Return On Assets (0.61%) than 79.84% of its industry peers.
  • With a Return On Equity value of 8.24%, SHG is not doing good in the industry: 62.60% 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

  • SHG has a worse Profit Margin (20.05%) than 71.35% of its industry peers.
  • In the last couple of years the Profit Margin of SHG has grown nicely.
  • 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) 20.05%
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.
  • Compared to 1 year ago, SHG has less shares outstanding
  • The number of shares outstanding for SHG has been reduced compared to 5 years ago.
  • 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 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 83.55% 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.
  • The Debt to Equity ratio of SHG (2.73) is worse than 92.57% 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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4

3. SHG Growth Analysis

3.1 Past

  • SHG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.87%.
  • 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.
  • SHG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.31%.
  • The Revenue has been decreasing by -0.73% on average over the past years.
EPS 1Y (TTM)4.87%
EPS 3Y2.1%
EPS 5Y3.81%
EPS Q2Q%35%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y-1.74%
Revenue growth 5Y-0.73%
Sales Q2Q%14.45%

3.2 Future

  • SHG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.48% yearly.
  • Based on estimates for the next years, SHG will show a small growth in Revenue. The Revenue will grow by 7.77% on average per year.
EPS Next Y23.54%
EPS Next 2Y17.11%
EPS Next 3Y14.42%
EPS Next 5Y14.48%
Revenue Next Year4.95%
Revenue Next 2Y5.29%
Revenue Next 3Y4.74%
Revenue Next 5Y7.77%

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 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

  • With a Price/Earnings ratio of 11.84, the valuation of SHG can be described as very reasonable.
  • The rest of the industry has a similar Price/Earnings ratio as SHG.
  • SHG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.18.
  • The Price/Forward Earnings ratio is 8.64, 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 88.33% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 37.96, SHG is valued rather cheaply.
Industry RankSector Rank
PE 11.84
Fwd PE 8.64
SHG Price Earnings VS Forward Price EarningsSHG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • SHG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SHG is cheaper than 91.25% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.27
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 14.42% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.5
PEG (5Y)3.11
EPS Next 2Y17.11%
EPS Next 3Y14.42%

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5

5. SHG Dividend Analysis

5.1 Amount

  • SHG has a Yearly Dividend Yield of 2.28%.
  • SHG's Dividend Yield is comparable with the industry average which is at 2.53.
  • SHG's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.28%

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

  • 27.10% of the earnings are spent on dividend by SHG. This is a low number and sustainable payout ratio.
  • The dividend of SHG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP27.1%
EPS Next 2Y17.11%
EPS Next 3Y14.42%
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 (4/14/2026, 12:13:21 PM)

67.75

-0.16 (-0.24%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-05
Earnings (Next)04-23
Inst Owners47.49%
Inst Owner Change-0.02%
Ins Owners0%
Ins Owner ChangeN/A
Market Cap32.16B
Revenue(TTM)23.81T
Net Income(TTM)4.77T
Analysts84.14
Price Target78.97 (16.56%)
Short Float %0.08%
Short Ratio1.07
Dividend
Industry RankSector Rank
Dividend Yield 2.28%
Yearly Dividend1.8
Dividend Growth(5Y)5.98%
DP27.1%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
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)6.83%
PT rev (3m)23.79%
EPS NQ rev (1m)-1.48%
EPS NQ rev (3m)-3.4%
EPS NY rev (1m)-0.95%
EPS NY rev (3m)4.39%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)1.1%
Revenue NY rev (1m)0.34%
Revenue NY rev (3m)1.88%
Valuation
Industry RankSector Rank
PE 11.84
Fwd PE 8.64
P/S 2.01
P/FCF 5.27
P/OCF 4.93
P/B 0.83
P/tB 0.92
EV/EBITDA N/A
EPS(TTM)5.72
EY8.44%
EPS(NY)7.84
Fwd EY11.57%
FCF(TTM)12.85
FCFY18.97%
OCF(TTM)13.75
OCFY20.3%
SpS33.67
BVpS81.95
TBVpS73.62
PEG (NY)0.5
PEG (5Y)3.11
Graham Number102.7
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)4.87%
EPS 3Y2.1%
EPS 5Y3.81%
EPS Q2Q%35%
EPS Next Y23.54%
EPS Next 2Y17.11%
EPS Next 3Y14.42%
EPS Next 5Y14.48%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y-1.74%
Revenue growth 5Y-0.73%
Sales Q2Q%14.45%
Revenue Next Year4.95%
Revenue Next 2Y5.29%
Revenue Next 3Y4.74%
Revenue Next 5Y7.77%
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 3 / 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 11.84 and the Price/Book (PB) ratio is 0.83.


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%.