SHG
Shinhan Financial Group Co., Ltd.
Banks - Regional
Market Cap$33.76B
5Y Perf.+176.5%
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Stock Comparison
SHG vs HDB
Revenue, margins, valuation, and 5-year total return — side by side.
HDB
HDFC Bank Limited
Banks - Regional
Market Cap$196.43B
5Y Perf.+22.7%
SHG vs HDB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | SHG | HDB |
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $33.76B | $196.43B |
| Revenue (TTM) | $39.77T | $4.19T |
| Net Income (TTM) | $5.00T | $692.23B |
| Gross Margin | 53.3% | 52.2% |
| Operating Margin | 17.9% | 20.5% |
| Forward P/E | 0.0x | 0.2x |
| Total Debt | $154.21T | $7.46T |
| Cash & Equiv. | $21.14T | $3.22T |
SHG vs HDB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
SHG
HDB
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Shinhan Financial G… (SHG) | 100 | 276.5 | +176.5% |
| HDFC Bank Limited (HDB) | 100 | 122.7 | +22.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SHG vs HDB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: HDB leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Shinhan Financial Group Co., Ltd. is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
SHG
Shinhan Financial Group Co., Ltd.
The Banking Pick
SHG is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 1 yrs, beta 0.89, yield 2.7%
- 148.9% 10Y total return vs HDB's 93.1%
- PEG 0.00 vs HDB's 0.01
Best for: income & stability and long-term compounding
HDB
HDFC Bank Limited
The Banking Pick
HDB carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 19.1%, EPS growth 2.6%
- Lower volatility, beta 0.70, Low D/E 86.5%, current ratio 0.34x
- NIM 2.9% vs SHG's 1.5%
Best for: growth exposure and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | HDB | 19.1% NII/revenue growth vs SHG's 12.4% |
| Value | SHG | Lower P/E (0.0x vs 0.2x), PEG 0.00 vs 0.01 |
| Quality / Margins | HDB | Efficiency ratio 0.3% vs SHG's 0.4% (lower = leaner) |
| Stability / Safety | HDB | Beta 0.70 vs SHG's 0.89, lower leverage |
| Dividends | SHG | 2.7% yield, 1-year raise streak, vs HDB's 1.3% |
| Momentum (1Y) | SHG | +89.9% vs HDB's -26.4% |
| Efficiency (ROA) | HDB | Efficiency ratio 0.3% vs SHG's 0.4% |
SHG vs HDB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2012
SHG vs HDB — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLSHGLAGGINGHDB
HDBHDFC Bank Limited
2leads
SHGShinhan Financial Gro…
3leads
6 Total Categories
CATEGORYLEADERvs HDBMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
HDB3/5
Valuation MetricsMultiples, price ratios, and targets
SHG7/7
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
HDB8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
SHG6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
SHG1/1
Income & Cash Flow (Last 12 Months)
HDB leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
SHG is the larger business by revenue, generating $39.77T annually — 9.5x HDB's $4.19T. Profitability is closely matched — net margins range from 16.1% (HDB) to 12.7% (SHG).
| Metric | SHGShinhan Financial… | HDBHDFC Bank Limited |
|---|---|---|
| RevenueTrailing 12 months | $39.77T | $4.19T |
| EBITDAEarnings before interest/tax | $8.41T | $873.8B |
| Net IncomeAfter-tax profit | $5.00T | $692.2B |
| Free Cash FlowCash after capex | -$10.55T | $0 |
| Gross MarginGross profit ÷ Revenue | +53.3% | +52.2% |
| Operating MarginEBIT ÷ Revenue | +17.9% | +20.5% |
| Net MarginNet income ÷ Revenue | +12.7% | +16.1% |
| FCF MarginFCF ÷ Revenue | +15.6% | +26.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +48.3% | +14.6% |
HDB leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
SHG leads this category, winning 7 of 7 comparable metrics.
Valuation Metrics
At 9.5x trailing earnings, SHG trades at a 46% valuation discount to HDB's 17.6x P/E. Adjusting for growth (PEG ratio), SHG offers better value at 1.02x vs HDB's 1.32x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | SHGShinhan Financial… | HDBHDFC Bank Limited |
|---|---|---|
| Market CapShares × price | $33.8B | $196.4B |
| Enterprise ValueMkt cap + debt − cash | $125.5B | $241.1B |
| Trailing P/EPrice ÷ TTM EPS | 9.47x | 17.57x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.01x | 0.17x |
| PEG RatioP/E ÷ EPS growth rate | 1.02x | 1.32x |
| EV / EBITDAEnterprise value multiple | 22.42x | 24.73x |
| Price / SalesMarket cap ÷ Revenue | 1.23x | 4.44x |
| Price / BookPrice ÷ Book value/share | 0.88x | 1.44x |
| Price / FCFMarket cap ÷ FCF | 7.91x | 16.50x |
SHG leads this category, winning 7 of 7 comparable metrics.
Profitability & Efficiency
HDB leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
HDB delivers a 12.3% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $8 for SHG. HDB carries lower financial leverage with a 0.86x debt-to-equity ratio, signaling a more conservative balance sheet compared to SHG's 2.77x. On the Piotroski fundamental quality scale (0–9), SHG scores 9/9 vs HDB's 5/9, reflecting strong financial health.
| Metric | SHGShinhan Financial… | HDBHDFC Bank Limited |
|---|---|---|
| ROE (TTM)Return on equity | +8.5% | +12.3% |
| ROA (TTM)Return on assets | +0.7% | +1.5% |
| ROICReturn on invested capital | +2.5% | +4.0% |
| ROCEReturn on capital employed | +1.4% | +4.6% |
| Piotroski ScoreFundamental quality 0–9 | 9 | 5 |
| Debt / EquityFinancial leverage | 2.77x | 0.86x |
| Net DebtTotal debt minus cash | $133.07T | $4.23T |
| Cash & Equiv.Liquid assets | $21.14T | $3.22T |
| Total DebtShort + long-term debt | $154.21T | $7.46T |
| Interest CoverageEBIT ÷ Interest expense | 0.41x | 0.47x |
HDB leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
SHG leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SHG five years ago would be worth $20,350 today (with dividends reinvested), compared to $8,071 for HDB. Over the past 12 months, SHG leads with a +89.9% total return vs HDB's -26.4%. The 3-year compound annual growth rate (CAGR) favors SHG at 39.0% vs HDB's -5.5% — a key indicator of consistent wealth creation.
| Metric | SHGShinhan Financial… | HDBHDFC Bank Limited |
|---|---|---|
| YTD ReturnYear-to-date | +26.3% | -29.6% |
| 1-Year ReturnPast 12 months | +89.9% | -26.4% |
| 3-Year ReturnCumulative with dividends | +168.8% | -15.6% |
| 5-Year ReturnCumulative with dividends | +103.5% | -19.3% |
| 10-Year ReturnCumulative with dividends | +148.9% | +93.1% |
| CAGR (3Y)Annualised 3-year return | +39.0% | -5.5% |
SHG leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — SHG and HDB each lead in 1 of 2 comparable metrics.
Risk & Volatility
HDB is the less volatile stock with a 0.70 beta — it tends to amplify market swings less than SHG's 0.89 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SHG currently trades 92.3% from its 52-week high vs HDB's 64.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | SHGShinhan Financial… | HDBHDFC Bank Limited |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.89x | 0.70x |
| 52-Week HighHighest price in past year | $73.40 | $39.81 |
| 52-Week LowLowest price in past year | $35.96 | $23.91 |
| % of 52W HighCurrent price vs 52-week peak | +92.3% | +64.5% |
| RSI (14)Momentum oscillator 0–100 | 58.2 | 45.4 |
| Avg Volume (50D)Average daily shares traded | 304K | 9.1M |
Evenly matched — SHG and HDB each lead in 1 of 2 comparable metrics.
Analyst Outlook
SHG leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates SHG as "Buy" and HDB as "Hold". For income investors, SHG offers the higher dividend yield at 2.69% vs HDB's 1.27%.
| Metric | SHGShinhan Financial… | HDBHDFC Bank Limited |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | — | — |
| # AnalystsCovering analysts | 2 | 6 |
| Dividend YieldAnnual dividend ÷ price | +2.7% | +1.3% |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | $2641.09 | $30.94 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.6% | 0.0% |
SHG leads this category, winning 1 of 1 comparable metric.
Key Takeaway
SHG leads in 3 of 6 categories (Valuation Metrics, Total Returns). HDB leads in 2 (Income & Cash Flow, Profitability & Efficiency). 1 tied.
Best OverallShinhan Financial Group Co.… (SHG)Leads 3 of 6 categories
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SHG vs HDB: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is SHG or HDB a better buy right now?
For growth investors, HDFC Bank Limited (HDB) is the stronger pick with 19.
1% revenue growth year-over-year, versus 12. 4% for Shinhan Financial Group Co. , Ltd. (SHG). Shinhan Financial Group Co. , Ltd. (SHG) offers the better valuation at 9. 5x trailing P/E (0. 0x forward), making it the more compelling value choice. Analysts rate Shinhan Financial Group Co. , Ltd. (SHG) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SHG or HDB?
On trailing P/E, Shinhan Financial Group Co.
, Ltd. (SHG) is the cheapest at 9. 5x versus HDFC Bank Limited at 17. 6x. On forward P/E, Shinhan Financial Group Co. , Ltd. is actually cheaper at 0. 0x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Shinhan Financial Group Co. , Ltd. wins at 0. 00x versus HDFC Bank Limited's 0. 01x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — SHG or HDB?
Over the past 5 years, Shinhan Financial Group Co.
, Ltd. (SHG) delivered a total return of +103. 5%, compared to -19. 3% for HDFC Bank Limited (HDB). Over 10 years, the gap is even starker: SHG returned +148. 9% versus HDB's +93. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SHG or HDB?
By beta (market sensitivity over 5 years), HDFC Bank Limited (HDB) is the lower-risk stock at 0.
70β versus Shinhan Financial Group Co. , Ltd. 's 0. 89β — meaning SHG is approximately 28% more volatile than HDB relative to the S&P 500. On balance sheet safety, HDFC Bank Limited (HDB) carries a lower debt/equity ratio of 86% versus 3% for Shinhan Financial Group Co. , Ltd. — giving it more financial flexibility in a downturn.
05Which is growing faster — SHG or HDB?
By revenue growth (latest reported year), HDFC Bank Limited (HDB) is pulling ahead at 19.
1% versus 12. 4% for Shinhan Financial Group Co. , Ltd. (SHG). On earnings-per-share growth, the picture is similar: Shinhan Financial Group Co. , Ltd. grew EPS 23. 0% year-over-year, compared to 2. 6% for HDFC Bank Limited. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SHG or HDB?
HDFC Bank Limited (HDB) is the more profitable company, earning 16.
1% net margin versus 12. 7% for Shinhan Financial Group Co. , Ltd. — meaning it keeps 16. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HDB leads at 20. 5% versus 17. 9% for SHG. At the gross margin level — before operating expenses — SHG leads at 53. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SHG or HDB more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Shinhan Financial Group Co. , Ltd. (SHG) is the more undervalued stock at a PEG of 0. 00x versus HDFC Bank Limited's 0. 01x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Shinhan Financial Group Co. , Ltd. (SHG) trades at 0. 0x forward P/E versus 0. 2x for HDFC Bank Limited — 0. 2x cheaper on a one-year earnings basis.
08Which pays a better dividend — SHG or HDB?
All stocks in this comparison pay dividends.
Shinhan Financial Group Co. , Ltd. (SHG) offers the highest yield at 2. 7%, versus 1. 3% for HDFC Bank Limited (HDB).
09Is SHG or HDB better for a retirement portfolio?
For long-horizon retirement investors, HDFC Bank Limited (HDB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
70), 1. 3% yield). Both have compounded well over 10 years (HDB: +93. 1%, SHG: +148. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SHG and HDB?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: SHG is a mid-cap deep-value stock; HDB is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(SHG: 12.4% · HDB: 19.1%)Net Margin>
%
(SHG: 12.7% · HDB: 16.1%)P/E Ratio<
x
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