SHG
Shinhan Financial Group Co., Ltd.
Banks - Regional
Market Cap$33.76B
5Y Perf.+176.5%
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Stock Comparison
SHG vs MFG
Revenue, margins, valuation, and 5-year total return — side by side.
MFG
Mizuho Financial Group, Inc.
Banks - Regional
Market Cap$106.56B
5Y Perf.+247.8%
SHG vs MFG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | SHG | MFG |
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $33.76B | $106.56B |
| Revenue (TTM) | $39.77T | $8.60T |
| Net Income (TTM) | $5.00T | $1.01T |
| Gross Margin | 53.3% | 41.8% |
| Operating Margin | 17.9% | 13.8% |
| Forward P/E | 0.0x | 0.1x |
| Total Debt | $154.21T | $60.89T |
| Cash & Equiv. | $21.14T | $72.48T |
SHG vs MFG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
SHG
MFG
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Shinhan Financial G… (SHG) | 100 | 276.5 | +176.5% |
| Mizuho Financial Gr… (MFG) | 100 | 347.8 | +247.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SHG vs MFG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: SHG leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Mizuho Financial Group, Inc. is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. As sector peers, any of these can serve as alternatives in the same allocation.
SHG
Shinhan Financial Group Co., Ltd.
The Banking Pick
SHG carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.89, yield 2.7%
- Rev growth 12.4%, EPS growth 23.0%
- Lower volatility, beta 0.89, current ratio 0.36x
Best for: income & stability and growth exposure
MFG
Mizuho Financial Group, Inc.
The Banking Pick
MFG is the clearest fit if your priority is long-term compounding.
- 240.7% 10Y total return vs SHG's 148.9%
- Efficiency ratio 0.3% vs SHG's 0.4% (lower = leaner)
- Efficiency ratio 0.3% vs SHG's 0.4%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | SHG | 12.4% NII/revenue growth vs MFG's 9.5% |
| Value | SHG | Lower P/E (0.0x vs 0.1x), PEG 0.00 vs 0.01 |
| Quality / Margins | MFG | Efficiency ratio 0.3% vs SHG's 0.4% (lower = leaner) |
| Stability / Safety | SHG | Beta 0.89 vs MFG's 1.12, lower leverage |
| Dividends | SHG | 2.7% yield, 1-year raise streak, vs MFG's 1.8% |
| Momentum (1Y) | SHG | +89.9% vs MFG's +78.3% |
| Efficiency (ROA) | MFG | Efficiency ratio 0.3% vs SHG's 0.4% |
SHG vs MFG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2025
SHG vs MFG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLSHGLAGGINGMFG
MFGMizuho Financial Grou…
1leads
SHGShinhan Financial Gro…
4leads
6 Total Categories
CATEGORYLEADERvs MFGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
SHG5/5
Valuation MetricsMultiples, price ratios, and targets
SHG5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
SHG5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
MFG4/6
Risk & VolatilityBeta, volatility, and downside exposure
SHG2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
SHG leads this category, winning 5 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
SHG is the larger business by revenue, generating $39.77T annually — 4.6x MFG's $8.60T. Profitability is closely matched — net margins range from 12.7% (SHG) to 10.3% (MFG).
| Metric | SHGShinhan Financial… | MFGMizuho Financial … |
|---|---|---|
| RevenueTrailing 12 months | $39.77T | $8.60T |
| EBITDAEarnings before interest/tax | $8.41T | $1.30T |
| Net IncomeAfter-tax profit | $5.00T | $1.01T |
| Free Cash FlowCash after capex | -$10.55T | $0 |
| Gross MarginGross profit ÷ Revenue | +53.3% | +41.8% |
| Operating MarginEBIT ÷ Revenue | +17.9% | +13.8% |
| Net MarginNet income ÷ Revenue | +12.7% | +10.3% |
| FCF MarginFCF ÷ Revenue | +15.6% | -48.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +48.3% | +46.9% |
SHG leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
SHG leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 9.5x trailing earnings, SHG trades at a 51% valuation discount to MFG's 19.3x P/E. Adjusting for growth (PEG ratio), SHG offers better value at 1.02x vs MFG's 1.32x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | SHGShinhan Financial… | MFGMizuho Financial … |
|---|---|---|
| Market CapShares × price | $33.8B | $106.6B |
| Enterprise ValueMkt cap + debt − cash | $125.5B | $32.4B |
| Trailing P/EPrice ÷ TTM EPS | 9.47x | 19.33x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.01x | 0.09x |
| PEG RatioP/E ÷ EPS growth rate | 1.02x | 1.32x |
| EV / EBITDAEnterprise value multiple | 22.42x | 3.63x |
| Price / SalesMarket cap ÷ Revenue | 1.23x | 1.94x |
| Price / BookPrice ÷ Book value/share | 0.88x | 1.63x |
| Price / FCFMarket cap ÷ FCF | 7.91x | — |
SHG leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
SHG leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
MFG delivers a 9.1% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $8 for SHG. SHG carries lower financial leverage with a 2.77x debt-to-equity ratio, signaling a more conservative balance sheet compared to MFG's 5.79x. On the Piotroski fundamental quality scale (0–9), SHG scores 9/9 vs MFG's 6/9, reflecting strong financial health.
| Metric | SHGShinhan Financial… | MFGMizuho Financial … |
|---|---|---|
| ROE (TTM)Return on equity | +8.5% | +9.1% |
| ROA (TTM)Return on assets | +0.7% | +0.3% |
| ROICReturn on invested capital | +2.5% | +1.3% |
| ROCEReturn on capital employed | +1.4% | +2.1% |
| Piotroski ScoreFundamental quality 0–9 | 9 | 6 |
| Debt / EquityFinancial leverage | 2.77x | 5.79x |
| Net DebtTotal debt minus cash | $133.07T | -$11.60T |
| Cash & Equiv.Liquid assets | $21.14T | $72.48T |
| Total DebtShort + long-term debt | $154.21T | $60.89T |
| Interest CoverageEBIT ÷ Interest expense | 0.41x | 0.28x |
SHG leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
MFG leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MFG five years ago would be worth $30,912 today (with dividends reinvested), compared to $20,350 for SHG. Over the past 12 months, SHG leads with a +89.9% total return vs MFG's +78.3%. The 3-year compound annual growth rate (CAGR) favors MFG at 45.3% vs SHG's 39.0% — a key indicator of consistent wealth creation.
| Metric | SHGShinhan Financial… | MFGMizuho Financial … |
|---|---|---|
| YTD ReturnYear-to-date | +26.3% | +16.9% |
| 1-Year ReturnPast 12 months | +89.9% | +78.3% |
| 3-Year ReturnCumulative with dividends | +168.8% | +206.8% |
| 5-Year ReturnCumulative with dividends | +103.5% | +209.1% |
| 10-Year ReturnCumulative with dividends | +148.9% | +240.7% |
| CAGR (3Y)Annualised 3-year return | +39.0% | +45.3% |
MFG leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
SHG leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
SHG is the less volatile stock with a 0.89 beta — it tends to amplify market swings less than MFG's 1.12 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 MFG's 84.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | SHGShinhan Financial… | MFGMizuho Financial … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.89x | 1.12x |
| 52-Week HighHighest price in past year | $73.40 | $10.28 |
| 52-Week LowLowest price in past year | $35.96 | $4.89 |
| % of 52W HighCurrent price vs 52-week peak | +92.3% | +84.2% |
| RSI (14)Momentum oscillator 0–100 | 58.2 | 60.9 |
| Avg Volume (50D)Average daily shares traded | 304K | 4.6M |
SHG leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — SHG and MFG each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates SHG as "Buy" and MFG as "Hold". For income investors, SHG offers the higher dividend yield at 2.69% vs MFG's 1.78%.
| Metric | SHGShinhan Financial… | MFGMizuho Financial … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | — | $10.00 |
| # AnalystsCovering analysts | 2 | 5 |
| Dividend YieldAnnual dividend ÷ price | +2.7% | +1.8% |
| Dividend StreakConsecutive years of raises | 1 | 8 |
| Dividend / ShareAnnual DPS | $2641.09 | $24.08 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.6% | +0.6% |
Evenly matched — SHG and MFG each lead in 1 of 2 comparable metrics.
Key Takeaway
SHG leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). MFG leads in 1 (Total Returns). 1 tied.
Best OverallShinhan Financial Group Co.… (SHG)Leads 4 of 6 categories
Loading custom metrics...
SHG vs MFG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is SHG or MFG a better buy right now?
For growth investors, Shinhan Financial Group Co.
, Ltd. (SHG) is the stronger pick with 12. 4% revenue growth year-over-year, versus 9. 5% for Mizuho Financial Group, Inc. (MFG). 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 MFG?
On trailing P/E, Shinhan Financial Group Co.
, Ltd. (SHG) is the cheapest at 9. 5x versus Mizuho Financial Group, Inc. at 19. 3x. 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 Mizuho Financial Group, Inc. '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 MFG?
Over the past 5 years, Mizuho Financial Group, Inc.
(MFG) delivered a total return of +209. 1%, compared to +103. 5% for Shinhan Financial Group Co. , Ltd. (SHG). Over 10 years, the gap is even starker: MFG returned +240. 7% versus SHG's +148. 9%. 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 MFG?
By beta (market sensitivity over 5 years), Shinhan Financial Group Co.
, Ltd. (SHG) is the lower-risk stock at 0. 89β versus Mizuho Financial Group, Inc. 's 1. 12β — meaning MFG is approximately 25% more volatile than SHG relative to the S&P 500. On balance sheet safety, Shinhan Financial Group Co. , Ltd. (SHG) carries a lower debt/equity ratio of 3% versus 6% for Mizuho Financial Group, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — SHG or MFG?
By revenue growth (latest reported year), Shinhan Financial Group Co.
, Ltd. (SHG) is pulling ahead at 12. 4% versus 9. 5% for Mizuho Financial Group, Inc. (MFG). On earnings-per-share growth, the picture is similar: Mizuho Financial Group, Inc. grew EPS 30. 7% year-over-year, compared to 23. 0% for Shinhan Financial Group Co. , Ltd.. 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 MFG?
Shinhan Financial Group Co.
, Ltd. (SHG) is the more profitable company, earning 12. 7% net margin versus 10. 3% for Mizuho Financial Group, Inc. — meaning it keeps 12. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SHG leads at 17. 9% versus 13. 8% for MFG. 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 MFG 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 Mizuho Financial Group, Inc. '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. 1x for Mizuho Financial Group, Inc. — 0. 1x cheaper on a one-year earnings basis.
08Which pays a better dividend — SHG or MFG?
All stocks in this comparison pay dividends.
Shinhan Financial Group Co. , Ltd. (SHG) offers the highest yield at 2. 7%, versus 1. 8% for Mizuho Financial Group, Inc. (MFG).
09Is SHG or MFG better for a retirement portfolio?
For long-horizon retirement investors, Shinhan Financial Group Co.
, Ltd. (SHG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 89), 2. 7% yield, +148. 9% 10Y return). Both have compounded well over 10 years (SHG: +148. 9%, MFG: +240. 7%), 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 MFG?
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; MFG is a mid-cap quality compounder 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% · MFG: 9.5%)Net Margin>
%
(SHG: 12.7% · MFG: 10.3%)P/E Ratio<
x
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