SHG Stock Analysis: Shinhan Financial | NYSE
Banks - Regional | NYSE, USA | Market Cap: 29.404m USD | 12M Return: 22.4% | US8245961003 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 14.9M
EPS Trend: 73.9%
Qual. Beats: 0
Rev. Trend: -12.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 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 has been listed on the NYSE under the ticker SHG since September 2003 and is classified within the GICS Diversified Banks sub-industry.
The company operates through six business segments: Banking (credit, lending, and deposits), Credit Card (card loans, installment financing, and leases), Securities (trading and underwriting), Insurance (life and non-life), Credit (facility rental and new technology financing), and Others (including real estate trust, investment advisory, and venture investment). As a diversified financial group, Shinhan combines traditional banking activities with non-bank financial services under a single holding company structure, a common organizational model among large Korean financial institutions.
- Bank of Korea rate cuts pressure net interest margins
- Korean consumer credit growth boosts card segment revenue
- KOSPI trading volumes drive securities segment income
| Net Income: 5608b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.22 > 1.0 |
| NWC/Revenue: -1.44k% < 20% (prev -1.05k%; Δ -385.9% < -1%) |
| CFO/TA 0.01 > 3% & CFO 9731b > Net Income 5608b |
| Net Debt (109865b) to EBITDA (10075b): 10.90 < 3 |
| Current Ratio: 0.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (481.6m) vs 12m ago -1.20% < -2% |
| Gross Margin: 39.88% > 18% (prev 31.36%; Δ 8.52% > 0.5%) |
| Asset Turnover: 3.81% > 50% (prev 3.83%; Δ -0.03% > 0%) |
| Interest Coverage Ratio: 0.53 > 6 (EBIT TTM 8780b / Interest Expense TTM 16515b) |
| 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 8780b / Avg Total Assets 796793b) |
| D: 0.08 (Book Value of Equity 60101b / Total Liabilities 778375b) |
| Altman-Z'' = -3.04 = D |
As of November 12, 2026, the stock is trading at USD 64.52 with a total of 138,118 shares traded. Over the past week, the price has changed by -0.83%, over one month by -14.21%, over three months by -11.80% and over the past year by +22.43%.
Current recommended Stop Loss: 61.70 (which is 4.4% or 1.5 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 | 98.4 | 52.4% |
Market Cap KRW = 39294b (29.4b USD * 1336.34 USD.KRW)
P/E Trailing = 7.9799
P/E Forward = 4.0833
P/S = 0.0014
P/B = 0.6596
P/EG = 5.1048
Revenue TTM = 30335b KRW
EBIT TTM = 8780b KRW
EBITDA TTM = 10075b 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 = 149159b KRW (39294b + Debt 157100b - CCE 47236b)
Interest Coverage Ratio = 0.53 (Ebit TTM 8780b / Interest Expense TTM 16515b)
EV/FCF = 16.40x (Enterprise Value 149159b / FCF TTM 9094b)
FCF Yield = 6.10% (FCF TTM 9094b / Enterprise Value 149159b)
FCF Margin = 29.98% (FCF TTM 9094b / Revenue TTM 30335b)
Net Margin = 18.49% (Net Income TTM 5608b / Revenue TTM 30335b)
Gross Margin = 39.88% ((Revenue TTM 30335b - Cost of Revenue TTM 18238b) / Revenue TTM)
Gross Margin QoQ = none% (prev 58.28%)
Tobins Q-Ratio = 0.18 (Enterprise Value 149159b / Total Assets 840894b)
Interest Expense / Debt = 10.51% (Interest Expense 16515b / Debt 157100b)
Taxrate = 36.17% (3145b / 8696b)
NOPAT = 5604b (EBIT 8780b * (1 - 36.17%))
Current Ratio = 0.10 (Total Current Assets 47236b / Total Current Liabilities 483227b)
Debt / Equity = 2.61 (Debt 157100b / totalStockholderEquity, last quarter 60101b)
Debt / EBITDA = 10.90 (Net Debt 109865b / EBITDA 10075b)
Debt / FCF = 12.08 (Net Debt 109865b / FCF TTM 9094b)
Total Stockholder Equity = 58747b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.70% (Net Income 5608b / Total Assets 840894b)
RoE = 9.55% (Net Income TTM 5608b / Total Stockholder Equity 58747b)
RoCE = 4.47% (EBIT 8780b / Capital Employed (Equity 58747b + L.T.Debt 137777b))
RoIC = 0.67% (NOPAT 5604b / Invested Capital 839378b)
WACC = 6.99% (E(39294b)/V(196394b) * Re(8.12%) + D(157100b)/V(196394b) * Rd(10.51%) * (1-Tc(0.36)))
Discount Rate = 8.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -70.75 | Cagr: -2.60%
[DCF] Terminal Value 74.45% ; FCFF base≈9363b ; Y1≈8859b ; Y5≈8331b
[DCF] Fair Price = 46.3k (EV 131299b - Net Debt 109865b = Equity 21434b / Shares 462.9m; r=8.35% [WACC [floored]]; 5y FCF grow -6.89% → 2.50% )
EPS Correlation: 73.88 | EPS CAGR: 15.46% | SUE: -0.21 | # QB: 0
Revenue Correlation: -12.54 | Revenue CAGR: -1.35% | SUE: -0.31 | # QB: 0
EPS current Quarter (2027-03-31): EPS=2.69 | Chg30d=+6.48% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=9.38 | Chg30d=+10.12% | Revisions=+25% | GrowthEPS=+40.0% | GrowthRev=+7.8%
EPS next Year (2027-12-31): EPS=10.29 | Chg30d=+10.23% | Revisions=+25% | GrowthEPS=+9.7% | GrowthRev=+5.2%