Shinhan Financial Group Co., Ltd. (SHG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Shinhan Financial Group Co., Ltd. (SHG) stock price & volume — 10-year historical chart
Shinhan Financial Group Co., Ltd. (SHG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Shinhan Financial Group Co., Ltd. (SHG) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $2.21vs $2.15+2.8% | $2.8Bvs $2.8B+1.4% |
| Q2 2026 | Mar 3, 2026 | $0.68vs $0.82-17.4% | $6.6Bvs $2.7B+144.5% |
| Q1 2026 | Feb 5, 2026 | $0.68vs $0.82-17.4% | $2.5Bvs $2.4B+2.9% |
| Q4 2025 | Nov 14, 2025 | $2.05vs $1.96+4.6% | $2.8Bvs $2.8B+0.7% |
Shinhan Financial Group Co., Ltd. (SHG) competitors in Non-US regional and universal banks — business model, growth, and fundamentals comparison
Shinhan Financial Group Co., Ltd. (SHG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Shinhan Financial Group Co., Ltd. (SHG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 7.84T | 8.58T | 9.74T | 9.88T | 10.77T | 10.6T | 10.82T | 11.4T | 12.07T |
| NII Growth % | 8.85% | 9.4% | 13.49% | 1.49% | 8.97% | -1.6% | 2.09% | 5.4% | 5.82% |
| Net Interest Margin % | 1.84% | 1.87% | 1.76% | 1.63% | 1.68% | 1.59% | 1.56% | 1.54% | 1.54% |
| Interest Income | 11.8T | 13.57T | 15.71T | 14.77T | 14.72T | 20.11T | 27.58T | 29.21T | 28.58T |
| Interest Expense | 3.96T | 4.99T | 5.97T | 4.89T | 3.95T | 9.5T | 16.76T | 17.81T | 16.52T |
| Loan Loss Provision | -3.96T | -4.99T | 968.7B | 1.36T | 962.65B | 1.29T | 2.16T | 1.99T | 2.04T |
| Non-Interest Income | 2.8T | 2.32T | 10.79T | 10.95T | 11.03T | 4.45T | 6.22T | 6.17T | 11.19T |
| Non-Interest Income % | 19.17% | 14.58% | 40.72% | 42.56% | 42.83% | 18.14% | 18.41% | 17.43% | 28.14% |
| Total Revenue | 14.6T▲ 0% | 15.89T▲ 8.9% | 26.5T▲ 66.8% | 25.72T▼ 2.9% | 25.75T▲ 0.1% | 24.56T▼ 4.6% | 33.8T▲ 37.6% | 35.38T▲ 4.7% | 39.77T▲ 12.4% |
| Revenue Growth % | 8.18% | 8.86% | 66.75% | -2.92% | 0.12% | -4.62% | 37.61% | 4.66% | 12.42% |
| Non-Interest Expense | 9.41T | 9.2T | 14.65T | 14.72T | 15.25T | 7.42T | 8.91T | 9.55T | 14.67T |
| Efficiency Ratio | 64.48% | 57.89% | 55.28% | 57.22% | 59.22% | 30.19% | 26.37% | 26.98% | 36.9% |
| Operating Income | 4.49T▲ 0% | 9.42T▲ 109.7% | 4.91T▼ 47.8% | 4.75T▼ 3.2% | 5.58T▲ 17.5% | 6.37T▲ 14.0% | 5.96T▼ 6.3% | 6.03T▲ 1.1% | 7.12T▲ 18.1% |
| Operating Margin % | 30.76% | 59.27% | 18.54% | 18.48% | 21.68% | 25.92% | 17.65% | 17.04% | 17.9% |
| Operating Income Growth % | -37.21% | 109.72% | -47.85% | -3.21% | 17.46% | 14.02% | -6.31% | 1.08% | 18.07% |
| Pretax Income | 3.8T▲ 0% | 4.47T▲ 17.7% | 4.91T▲ 10.0% | 4.75T▼ 3.2% | 5.58T▲ 17.5% | 6.37T▲ 14.0% | 5.96T▼ 6.3% | 6.03T▲ 1.1% | 7.02T▲ 16.5% |
| Pretax Margin % | 26.01% | 28.11% | 18.54% | 18.48% | 21.68% | 25.92% | 17.65% | 17.04% | 17.66% |
| Income Tax | 848.13B | 1.27T | 1.27T | 1.26T | 1.47T | 1.61T | 1.49T | 1.47T | 1.61T |
| Effective Tax Rate % | 22.34% | 28.4% | 25.84% | 26.42% | 26.35% | 25.31% | 24.93% | 24.4% | 22.94% |
| Net Income | 2.92T▲ 0% | 3.16T▲ 8.2% | 3.4T▲ 7.8% | 3.41T▲ 0.3% | 4.02T▲ 17.7% | 4.67T▲ 16.1% | 4.37T▼ 6.4% | 4.45T▲ 1.9% | 5.04T▲ 13.2% |
| Net Margin % | 19.99% | 19.87% | 12.85% | 13.27% | 15.61% | 18.99% | 12.92% | 12.58% | 12.67% |
| Net Income Growth % | 5.15% | 8.19% | 7.82% | 0.33% | 17.71% | 16.08% | -6.38% | 1.88% | 13.23% |
| Net Income (Continuing) | 2.95T | 3.2T | 3.64T | 3.5T | 4.11T | 4.76T | 4.48T | 4.56T | 4.93T |
| EPS (Diluted) | 6118.00▲ 0% | 6664.69▲ 8.9% | 7000.16▲ 5.0% | 6653.97▼ 4.9% | 7308.05▲ 9.8% | 8498.00▲ 16.3% | 8047.57▼ 5.3% | 8441.26▲ 4.9% | 10379.00▲ 23.0% |
| EPS Growth % | 6.66% | 8.94% | 5.03% | -4.95% | 9.83% | 16.28% | -5.3% | 4.89% | 22.96% |
| EPS (Basic) | 6118.00 | 6664.69 | 7000.16 | 6653.97 | 7308.05 | 9123.81 | 8048.00 | 8441.00 | 9939.38 |
| Diluted Shares Outstanding | 474.2M | 473.65M | 477.35M | 500.34M | 534.05M | 508.78M | 519.21M | 506.23M | 496.53M |
Shinhan Financial Group Co., Ltd. (SHG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 65.94T | 56.82T | 88.99T | 92.87T | 119.94T | 116.54T | 126.08T | 135.48T | 27.68T |
| Cash & Due from Banks | 23.83T | 18.5T | 29.61T | 34.56T | 29.05T | 31.07T | 35.77T | 41.67T | 21.14T |
| Short Term Investments | 42.12T | 38.31T | 59.38T | 58.32T | 90.89T | 85.47T | 90.31T | 93.81T | 6.54T |
| Total Investments | 350.29T | 412.41T | 485.68T | 529.26T | 576.79T | 597.64T | 616.26T | 665.41T | 706.96T |
| Investments Growth % | 8.36% | 17.73% | 17.77% | 8.97% | 8.98% | 3.62% | 3.12% | 7.98% | 6.24% |
| Long-Term Investments | 308.17T | 374.09T | 426.3T | 470.94T | 485.9T | 512.17T | 525.95T | 571.61T | 700.43T |
| Accounts Receivables | 6.3T | 7.67T | 9.36T | 12.51T | 0 | 11.49T | 17.05T | 13.61T | 0 |
| Goodwill & Intangibles | 4.27T | 4.32T | 5.56T | 5.48T | 5.64T | 5.81T | 6.22T | 6.12T | 5.89T |
| Goodwill | 3.9T | 3.9T | 4.69T | 4.69T | 4.67T | 4.68T | 4.68T | 4.67T | 4.66T |
| Intangible Assets | 372.06B | 416.62B | 868.66B | 790.83B | 974.65B | 1.12T | 1.54T | 1.45T | 1.24T |
| PP&E (Net) | 3.02T | 3T | 4.08T | 5.01T | 4.05T | 5.94T | 6.05T | 4.16T | 6.04T |
| Other Assets | 35.97T | 10.52T | 14.7T | 15.21T | 25.49T | 7.18T | 5.65T | 3.85T | 45.73T |
| Total Current Assets | 74.27T | 67.23T | 101.56T | 108.38T | 120.66T | 132.41T | 147.78T | 153.82T | 27.68T |
| Total Non-Current Assets | 352.03T | 392.37T | 450.86T | 496.86T | 521.21T | 532.02T | 544.02T | 585.94T | 758.3T |
| Total Assets | 426.31T▲ 0% | 459.6T▲ 7.8% | 552.42T▲ 20.2% | 605.23T▲ 9.6% | 641.86T▲ 6.1% | 664.43T▲ 3.5% | 691.8T▲ 4.1% | 739.76T▲ 6.9% | 785.98T▲ 6.2% |
| Asset Growth % | 7.74% | 7.81% | 20.2% | 9.56% | 6.05% | 3.52% | 4.12% | 6.93% | 6.25% |
| Return on Assets (ROA) | 0.71% | 0.71% | 0.67% | 0.59% | 0.64% | 0.71% | 0.64% | 0.62% | 0.66% |
| Accounts Payable | 8.52T | 9.75T | 11.89T | 14.57T | 14.04T | 12.34T | 18.92T | 15.14T | 0 |
| Total Debt | 110.57T | 93.72T | 114.25T | 117.06T | 134.68T | 128.72T | 143.78T | 150.26T | 154.21T |
| Net Debt | 86.74T | 75.21T | 84.64T | 82.5T | 105.63T | 97.65T | 108.02T | 108.59T | 133.07T |
| Long-Term Debt | 82.99T | 86.02T | 103.97T | 105.33T | 123.32T | 118.5T | 125.82T | 137.8T | 75.99T |
| Short-Term Debt | 27.59T | 7.69T | 9.18T | 11.14T | 10.75T | 9.59T | 17.35T | 11.57T | 77.71T |
| Other Liabilities | 9.4T | 40.14T | 72.04T | 84.48T | 64.39T | 69.16T | 74.59T | 76.3T | 575.26T |
| Total Current Liabilities | 299.69T | 296.39T | 332.45T | 367.42T | 402.33T | 421.28T | 433.24T | 464.88T | 77.71T |
| Total Non-Current Liabilities | 92.91T | 126.56T | 178.04T | 191.46T | 189.31T | 189.73T | 202.24T | 216.06T | 652.65T |
| Total Liabilities | 392.6T | 422.95T | 510.49T | 558.88T | 591.65T | 611.01T | 635.47T | 680.94T | 730.36T |
| Total Equity | 33.7T▲ 0% | 36.65T▲ 8.7% | 41.93T▲ 14.4% | 46.36T▲ 10.6% | 50.22T▲ 8.3% | 53.42T▲ 6.4% | 56.32T▲ 5.4% | 58.82T▲ 4.4% | 55.62T▼ 5.4% |
| Equity Growth % | 6.17% | 8.75% | 14.4% | 10.56% | 8.32% | 6.39% | 5.43% | 4.44% | -5.44% |
| Equity / Assets (Capital Ratio) | 7.91% | 7.97% | 7.59% | 7.66% | 7.82% | 8.04% | 8.14% | 7.95% | 7.08% |
| Return on Equity (ROE) | 8.92% | 8.97% | 8.66% | 7.74% | 8.32% | 9% | 7.96% | 7.73% | 8.81% |
| Book Value per Share | 71074.69 | 77380.99 | 87840.46 | 92650.16 | 94028.56 | 105003.47 | 108476.50 | 116193.83 | 112018.42 |
| Tangible BV per Share | 62063.05 | 68260.03 | 76195.44 | 81696.43 | 83458.79 | 93588.22 | 96500.67 | 104104.24 | 100150.16 |
| Common Stock | 2.37T | 2.37T | 2.37T | 2.61T | 2.97T | 2.61T | 2.7T | 2.7T | 2.97T |
| Additional Paid-in Capital | 9.89T | 9.9T | 10.57T | 12.23T | 12.1T | 12.1T | 12.09T | 12.09T | 12.1T |
| Retained Earnings | 20.79T | 22.96T | 25.53T | 27.78T | 31.14T | 33.96T | 36.39T | 39.02T | 41.79T |
| Accumulated OCI | -529.73B | -753.22B | -260.16B | -404.18B | -905.22B | -1.91T | -1.07T | -1.82T | -2.47T |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.18T |
| Preferred Stock | 274.06B | 274.06B | 361.46B | 361.46B | 361.46B | 361.46B | 274.06B | 274.06B | 0 |
Shinhan Financial Group Co., Ltd. (SHG) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.02T | -6.32T | 7.18T | -4.41T | 11.08T | 7.59T | 529.85B | 4.63T | 6.46T |
| Operating CF Growth % | -73.1% | -718.82% | 213.59% | -161.42% | 351.29% | -31.48% | -93.02% | 773.14% | 39.6% |
| Net Income | 3.8T | 4.47T | 4.91T | 4.75T | 5.58T | 4.76T | 4.48T | 4.56T | 4.84T |
| Depreciation & Amortization | 253.34B | 301.92B | 677.15B | 768.49B | 902.69B | 999.68B | 1.19T | 1.28T | 0 |
| Deferred Taxes | 0 | 0 | -37.3B | 4.21B | 1.47T | 1.61T | 1.49T | 1.47T | 0 |
| Other Non-Cash Items | 3.07T | 1.53T | 2.14T | 1.16T | 40.44T | 28.1T | 2.2T | 2.61T | 4.76T |
| Working Capital Changes | -6.1T | -12.62T | -544.94B | -11.1T | -37.31T | -27.88T | -8.82T | -5.31T | -3.14T |
| Cash from Investing | -10.7T | -5.51T | -22.69T | -3.03T | -12.03T | -11.03T | -4.27T | 148.53B | -32.62T |
| Purchase of Investments | -42.14T | -36.42T | -66.7T | -66.25T | -50.97T | -43.41T | -49.02T | 0 | -78.97T |
| Sale/Maturity of Investments | 31.6T | 31.58T | 46.95T | 63.8T | 39.98T | 32.6T | 45.26T | 0 | 65.25T |
| Net Investment Activity | -10.54T | -4.84T | -19.75T | -2.45T | -11T | -10.82T | -3.76T | 0 | -13.72T |
| Acquisitions | 83.63B | -4.5B | -2.25T | -73.08B | -527.42B | -27.84B | 0 | 0 | -978.34B |
| Other Investing | -87.74B | -521.47B | -104.03B | 135.85B | 382.5B | 755.09B | -246.58B | 412.37B | -17.27T |
| Cash from Financing | 10.33T | 13.81T | 15.88T | 7.88T | 4.96T | 3.39T | 9.76T | -182.65B | 26.24T |
| Dividends Paid | -706.57B | -714.71B | -830.77B | -968.85B | -1.22T | -1.54T | -1.46T | -1.27T | -1.31T |
| Share Repurchases | 0 | -151.99B | -444.08B | -150.18B | -79M | -300.06B | -486.03B | -700.1B | -1.27T |
| Stock Issued | 0 | 0 | 0 | 161.86B | 23.59B | 0 | 0 | 297M | -69.93M |
| Net Stock Activity | 0 | -151.99B | -444.08B | 11.68B | 23.51B | -300.06B | -486.03B | -699.8B | -1.27T |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | 207.03B | 1.1T | 456.29B | 2.18T | 1.17T | 1.61T | -49.05B | 710.15B | 24.24T |
| Net Change in Cash | 604.11B▲ 0% | 1.94T▲ 221.6% | 399.42B▼ 79.4% | 383.81B▼ 3.9% | 4.12T▲ 973.7% | -102.02B▼ 102.5% | 6T▲ 5984.2% | 4.83T▼ 19.5% | 0▼ 100.0% |
| Exchange Rate Effect | -46.03B | -30.64B | 29.43B | -61.52B | 109.55B | -57.84B | -15.36B | 238.48B | -78.8B |
| Cash at Beginning | 5.63T | 6.24T | 8.18T | 8.58T | 8.96T | 24.1T | 24.41T | 30.42T | 0 |
| Cash at End | 6.24T | 8.18T | 8.58T | 8.96T | 13.08T | 24T | 30.42T | 35.25T | 0 |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.22T | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 754.89B▲ 0% | -6.62T▼ 977.0% | 6.59T▲ 199.5% | -5.05T▼ 176.7% | 10.19T▲ 301.7% | 6.65T▼ 34.7% | -186.39B▼ 102.8% | 3.85T▲ 2164.2% | 6.2T▲ 61.0% |
| FCF Growth % | -78.16% | -976.99% | 199.54% | -176.66% | 301.72% | -34.74% | -102.8% | 2164.21% | 61.04% |
Shinhan Financial Group Co., Ltd. (SHG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 8.73% | 8.92% | 8.97% | 8.66% | 7.74% | 8.32% | 9% | 7.96% | 7.73% | 8.81% |
| Return on Assets (ROA) | 0.72% | 0.71% | 0.71% | 0.67% | 0.59% | 0.64% | 0.71% | 0.64% | 0.62% | 0.66% |
| Net Interest Margin | 1.82% | 1.84% | 1.87% | 1.76% | 1.63% | 1.68% | 1.59% | 1.56% | 1.54% | 1.54% |
| Efficiency Ratio | 67.81% | 64.48% | 57.89% | 55.28% | 57.22% | 59.22% | 30.19% | 26.37% | 26.98% | 36.9% |
| Equity / Assets | 8.02% | 7.91% | 7.97% | 7.59% | 7.66% | 7.82% | 8.04% | 8.14% | 7.95% | 7.08% |
| Book Value / Share | 66.94K | 71.07K | 77.38K | 87.84K | 92.65K | 94.03K | 105K | 108.48K | 116.19K | 112.02K |
| NII Growth | 7.66% | 8.85% | 9.4% | 13.49% | 1.49% | 8.97% | -1.6% | 2.09% | 5.4% | 5.82% |
| Dividend Payout | 24.11% | 24.22% | 22.64% | 24.41% | 28.37% | 30.32% | 33.03% | 33.46% | 28.47% | 26.02% |
Shinhan Financial Group Co., Ltd. (SHG) stock FAQ — growth, dividends, profitability & financials explained
Shinhan Financial Group Co., Ltd. (SHG) grew revenue by 12.4% over the past year. This is steady growth.
Yes, Shinhan Financial Group Co., Ltd. (SHG) is profitable, generating $5.00T in net income for fiscal year 2025 (12.7% net margin).
Yes, Shinhan Financial Group Co., Ltd. (SHG) pays a dividend with a yield of 2.65%. This makes it attractive for income-focused investors.
Shinhan Financial Group Co., Ltd. (SHG) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.
Shinhan Financial Group Co., Ltd. (SHG) has a net interest margin (NIM) of 1.5%. NIM has been under pressure due to interest rate environment.
Shinhan Financial Group Co., Ltd. (SHG) has an efficiency ratio of 36.9%. This is excellent, indicating strong cost control.
Shinhan Financial Group Co., Ltd. (SHG) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates