SHG Stock Analysis: Shinhan Financial | NYSE

Banks - Regional | NYSE, USA | Market Cap: 31.491m USD | 12M Return: 58% | Charts, Fundamentals & Technical Analysis

Banking, Credit Cards, Securities, Insurance
Total Rating 42
Safety 25
Buy Signal 0.02
Banks - Regional
Industry Rotation: +3.8
Market Cap: 31.5B
Avg Turnover: 20.4M
Risk 3d forecast
Volatility40.9%
VaR 5th Pctl6.71%
VaR vs Median-0.38%
Reward TTM
Sharpe Ratio1.43
Rel. Str. IBD81.6
Rel. Str. Peer Group55.8
Character TTM
Beta0.866
Beta Downside0.732
Hurst Exponent0.531
Drawdowns 3y
Max DD35.19%
CAGR/Max DD1.32
CAGR/Mean DD5.56
EPS (Earnings per Share) EPS (Earnings per Share) of SHG over the last years for every Quarter: "2021-06": 1.98, "2021-09": 1.81, "2021-12": 0.72, "2022-03": 2.02, "2022-06": 1.87, "2022-09": 2.2, "2022-12": 0.44, "2023-03": 1.9, "2023-06": 1.79, "2023-09": 1.69, "2023-12": 0.74, "2024-03": 1.87, "2024-06": 2, "2024-09": 1.78, "2024-12": 0.59, "2025-03": 2.01, "2025-06": 4.43, "2025-09": 1.99, "2025-12": 0.67, "2026-03": 2.24,
EPS CAGR: 19.71%
EPS Trend: 86.0%
Last SUE: 0.07
Qual. Beats: 0
Revenue Revenue of SHG over the last years for every Quarter: 2021-06: 6369855, 2021-09: 6170421, 2021-12: 5833093, 2022-03: 5750689, 2022-06: 6083091, 2022-09: 6089273, 2022-12: 4918849, 2023-03: 7942937, 2023-06: 8253436, 2023-09: 8347184, 2023-12: 9635130, 2024-03: 8635731, 2024-06: 8821073, 2024-09: 8818272, 2024-12: 3045609, 2025-03: 8559662, 2025-06: 8828009, 2025-09: 8413675, 2025-12: 9557714.99, 2026-03: 8731104,
Rev. CAGR: 2.45%
Rev. Trend: 20.6%
Last SUE: 0.73
Qual. Beats: 0

Warnings

Extended 1w

Tailwinds

No distinct edge detected

Seasonality 10.5 years of data

Jan +2.6% 32
Feb +0.0% 0
Mar -0.7% 23
Apr +2.2% 26
May +1.3% 17
Jun -1.9% 0
Jul +2.7% 22
Aug -3.5% 57
Sep -1.4% 9
Oct -1.8% 12
Nov +0.0% 8
Dec +3.6% 6

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: SHG Shinhan Financial

Shinhan Financial Group Co., Ltd. is a South Korea-based financial holding company that provides a broad range of financial products and services across South Korea, Vietnam, and Japan. Founded in 1982 and headquartered in Seoul, the company is listed on the NYSE under the ticker SHG and operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. Its offerings span deposit-taking and lending, card loans and installment financing, securities trading and underwriting, life and non-life insurance, equipment leasing, and asset management services including real estate trusts and venture investment.

As a member of the Diversified Banks sub-industry, Shinhan follows the financial holding company model common among large Korean banking groups, where a single parent oversees separately regulated subsidiaries in banking, brokerage, and insurance. This structure allows cross-selling across customer segments while subjecting each subsidiary to its own capital and licensing requirements.

Headlines to Watch Out For
  • BOK rate cuts weigh on net interest margins
  • Vietnam and Japan expansion accelerates revenue diversification
  • Capital return program through dividends and buybacks continues
Piotroski VR-10 (Strict) 4.0
Net Income: 5130b TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.03 > 1.0
NWC/Revenue: -941.5% < 20% (prev -1.02k%; Δ 79.27% < -1%)
CFO/TA 0.02 > 3% & CFO 16673b > Net Income 5130b
Net Debt (1099b) to EBITDA (7738b): 0.14 < 3
Current Ratio: 0.31 > 1.5 & < 3
Outstanding Shares: last quarter (482.4m) vs 12m ago -2.65% < -2%
Gross Margin: 48.93% > 18% (prev 32.29%; Δ 16.64% > 0.5%)
Asset Turnover: 4.55% > 50% (prev 3.92%; Δ 0.63% > 0%)
Interest Coverage Ratio: 0.41 > 6 (EBIT TTM 6756b / Interest Expense TTM 16350b)
Altman Z'' -2.34
A: -0.41 (Total Current Assets 148704b - Total Current Liabilities 483227b) / Total Assets 816719b
B: 0.06 (Retained Earnings 52017b / Total Assets 816719b)
C: 0.01 (EBIT TTM 6756b / Avg Total Assets 781470b)
D: 0.08 (Book Value of Equity 59059b / Total Liabilities 755244b)
Altman-Z'' = -2.34 = D
Beneish M -1.53
DSRI: 3.0 (Receivables 27442b/63.5b, Revenue 35531b/29245b)
GMI: 0.66 (GM 32.29% / 48.93%)
AQI: 1.00 (AQ_t 0.81 / AQ_t-1 0.81)
SGI: 1.21 (Revenue 35531b / 29245b)
TATA: -0.01 (NI 5130b - CFO 16673b) / TA 816719b)
Beneish M = -1.53 (Cap -4..+1) = CCC
What is the price of SHG shares?

As of July 08, 2026, the stock is trading at USD 71.34 with a total of 150,848 shares traded. Over the past week, the price has changed by +13.45%, over one month by +11.63%, over three months by +14.72% and over the past year by +58.00%.

Current recommended Stop Loss: 67.10 (which is 5.9% or 1.7 ATR below the current price).

Is SHG a buy, sell or hold?

Shinhan Financial has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy SHG.

  • StrongBuy: 1
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the SHG price?
Analysts Target Price 91.7 28.6%
Shinhan Financial (SHG) - Fundamental Data Overview as of 04 July 2026
Market Cap USD = 31.5b (31.5b USD * 1.0 USD.USD)
Market Cap KRW = 47754b (31.5b USD * 1516.42 USD.KRW)
P/E Trailing = 10.0571
P/E Forward = 4.0833
P/S = 0.002
P/B = 0.7698
P/EG = 5.1048
Revenue TTM = 35531b KRW
EBIT TTM = 6756b KRW
EBITDA TTM = 7738b KRW
Long Term Debt = 132875b KRW (from longTermDebt, last quarter)
Short Term Debt = 12425b KRW (from shortTermDebt, last quarter)
Debt = 146090b KRW (from shortLongTermDebtTotal, last quarter) + Leases 790b
Net Debt = 1099b KRW (calculated: Debt 146090b - CCE 144992b)
Enterprise Value = 48853b KRW (47754b + Debt 146090b - CCE 144992b)
Interest Coverage Ratio = 0.41 (Ebit TTM 6756b / Interest Expense TTM 16350b)
EV/FCF = 3.07x (Enterprise Value 48853b / FCF TTM 15893b)
FCF Yield = 32.53% (FCF TTM 15893b / Enterprise Value 48853b)
FCF Margin = 44.73% (FCF TTM 15893b / Revenue TTM 35531b)
Net Margin = 14.44% (Net Income TTM 5130b / Revenue TTM 35531b)
Gross Margin = 48.93% ((Revenue TTM 35531b - Cost of Revenue TTM 18146b) / Revenue TTM)
Gross Margin QoQ = 47.96% (prev 52.89%)
Tobins Q-Ratio = 0.06 (Enterprise Value 48853b / Total Assets 816719b)
Interest Expense / Debt = 11.19% (Interest Expense 16350b / Debt 146090b)
Taxrate = 26.91% (1888b / 7018b)
NOPAT = 4938b (EBIT 6756b * (1 - 26.91%))
Current Ratio = 0.31 (Total Current Assets 148704b / Total Current Liabilities 483227b)
Debt / Equity = 2.47 (Debt 146090b / totalStockholderEquity, last quarter 59059b)
Debt / EBITDA = 0.14 (Net Debt 1099b / EBITDA 7738b)
Debt / FCF = 0.07 (Net Debt 1099b / FCF TTM 15893b)
Total Stockholder Equity = 58020b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.66% (Net Income 5130b / Total Assets 816719b)
RoE = 8.84% (Net Income TTM 5130b / Total Stockholder Equity 58020b)
RoCE = 3.54% (EBIT 6756b / Capital Employed (Equity 58020b + L.T.Debt 132875b))
RoIC = 1.44% (NOPAT 4938b / Invested Capital 344140b)
WACC = 8.39% (E(47754b)/V(193844b) * Re(9.03%) + D(146090b)/V(193844b) * Rd(11.19%) * (1-Tc(0.27)))
Discount Rate = 9.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -67.42 | Cagr: -2.57%
[DCF] Terminal Value 77.84% ; FCFF base≈12282b ; Y1≈14079b ; Y5≈20720b
[DCF] Fair Price = 655k (EV 309643b - Net Debt 1099b = Equity 308544b / Shares 470.9m; r=8.39% [WACC]; 5y FCF grow 15.0% → 2.50% )
 [DCF] Fair Price = 655k (out of range, set to none)
 EPS Correlation: 86.03 | EPS CAGR: 19.71% | SUE: 0.07 | # QB: 0
Revenue Correlation: 20.59 | Revenue CAGR: 2.45% | SUE: 0.73 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.34 | Chg30d=+0.00% | Revisions=+0% | Analysts=1
EPS next Quarter (2026-09-30): EPS=2.14 | Chg30d=+0.00% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=7.96 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=+18.8% | GrowthRev=+5.8%
EPS next Year (2027-12-31): EPS=8.91 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+11.9% | GrowthRev=+4.3%