SHG Stock Analysis: Shinhan Financial | NYSE
Banks - Regional | NYSE, USA | Market Cap: 38.399m USD | 12M Return: 68.9% | US8245961003 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.0M
EPS Trend: 81.6%
Qual. Beats: 0
Rev. Trend: 15.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 years of data
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.
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.
- BOK rate cuts weigh on net interest margins
- Vietnam and Japan expansion accelerates revenue diversification
- Capital return program through dividends and buybacks continues
| Net Income: 5428b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.82 > 1.0 |
| NWC/Revenue: -1.19k% < 20% (prev -1.04k%; Δ -152.9% < -1%) |
| CFO/TA 0.03 > 3% & CFO 22057b > Net Income 5428b |
| Net Debt (109865b) to EBITDA (9147b): 12.01 < 3 |
| Current Ratio: 0.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (481.6m) vs 12m ago -1.20% < -2% |
| Gross Margin: 52.08% > 18% (prev 32.31%; Δ 19.77% > 0.5%) |
| Asset Turnover: 4.60% > 50% (prev 3.89%; Δ 0.71% > 0%) |
| Interest Coverage Ratio: 0.51 > 6 (EBIT TTM 8282b / Interest Expense TTM 16395b) |
| A: -0.52 (Total Current Assets 47236b - Total Current Liabilities 483227b) / Total Assets 840894b |
| B: 0.06 (Retained Earnings 53448b / Total Assets 840894b) |
| C: 0.01 (EBIT TTM 8282b / Avg Total Assets 796793b) |
| D: 0.08 (Book Value of Equity 60101b / Total Liabilities 778375b) |
| Altman-Z'' = -3.04 = D |
As of September 22, 2026, the stock is trading at USD 82.29 with a total of 116,843 shares traded. Over the past week, the price has changed by -2.16%, over one month by +10.26%, over three months by +25.16% and over the past year by +68.92%.
Current recommended Stop Loss: 78.50 (which is 4.6% or 1.7 ATR below the current price).
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
| Analysts Target Price | 100 | 21.5% |
Market Cap KRW = 52430b (38.4b USD * 1365.4 USD.KRW)
P/E Trailing = 10.0928
P/E Forward = 4.0833
P/S = 0.0019
P/B = 0.8731
P/EG = 5.1048
Revenue TTM = 36645b KRW
EBIT TTM = 8282b KRW
EBITDA TTM = 9147b KRW
Long Term Debt = 137777b KRW (from longTermDebt, last quarter)
Short Term Debt = 81485b KRW (from shortTermDebt, last quarter)
Debt = 157100b KRW (from shortLongTermDebtTotal, last quarter) + Leases 790b
Net Debt = 109865b KRW (calculated: Debt 157100b - CCE 47236b)
Enterprise Value = 162295b KRW (52430b + Debt 157100b - CCE 47236b)
Interest Coverage Ratio = 0.51 (Ebit TTM 8282b / Interest Expense TTM 16395b)
EV/FCF = 8.18x (Enterprise Value 162295b / FCF TTM 19845b)
FCF Yield = 12.23% (FCF TTM 19845b / Enterprise Value 162295b)
FCF Margin = 54.16% (FCF TTM 19845b / Revenue TTM 36645b)
Net Margin = 14.81% (Net Income TTM 5428b / Revenue TTM 36645b)
Gross Margin = 52.08% ((Revenue TTM 36645b - Cost of Revenue TTM 17561b) / Revenue TTM)
Gross Margin QoQ = 58.28% (prev 47.96%)
Tobins Q-Ratio = 0.19 (Enterprise Value 162295b / Total Assets 840894b)
Interest Expense / Debt = 10.44% (Interest Expense 16395b / Debt 157100b)
Taxrate = 36.80% (3144b / 8543b)
NOPAT = 5234b (EBIT 8282b * (1 - 36.80%))
Current Ratio = 0.10 (Total Current Assets 47236b / Total Current Liabilities 483227b)
Debt / Equity = 2.61 (Debt 157100b / totalStockholderEquity, last quarter 60101b)
Debt / EBITDA = 12.01 (Net Debt 109865b / EBITDA 9147b)
Debt / FCF = 5.54 (Net Debt 109865b / FCF TTM 19845b)
Total Stockholder Equity = 58747b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.68% (Net Income 5428b / Total Assets 840894b)
RoE = 9.24% (Net Income TTM 5428b / Total Stockholder Equity 58747b)
RoCE = 4.21% (EBIT 8282b / Capital Employed (Equity 58747b + L.T.Debt 137777b))
RoIC = 0.62% (NOPAT 5234b / Invested Capital 839062b)
WACC = 7.05% (E(52430b)/V(209530b) * Re(8.41%) + D(157100b)/V(209530b) * Rd(10.44%) * (1-Tc(0.37)))
Discount Rate = 8.41% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -72.55 | Cagr: -2.65%
[DCF] Terminal Value 77.97% ; FCFF base≈13542b ; Y1≈15523b ; Y5≈22846b
[DCF] Fair Price = 497k (EV 343799b - Net Debt 109865b = Equity 233934b / Shares 470.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
[DCF] Fair Price = 497k (out of range, set to none)
EPS Correlation: 81.57 | EPS CAGR: 18.32% | SUE: 0.19 | # QB: 0
Revenue Correlation: 15.07 | Revenue CAGR: 1.69% | SUE: 0.83 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.28 | Chg30d=+0.00% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=8.52 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=+27.1% | GrowthRev=+10.4%
EPS next Year (2027-12-31): EPS=9.34 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=+9.6% | GrowthRev=+4.6%