Shinhan Financial Group Co., Ltd. (SHG) 10-Year Financial Performance & Capital Metrics

SHG • • Banking & Credit

Financial ServicesRegional BanksInternational & Latin American BankingInternational Trade Banking

AboutShinhan Financial Group Co., Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Life Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services. The company also provides corporate banking services, such as investment banking, real estate financing, overseas real estate and development project financing, infrastructure and structured financing, equity/venture investments, mergers and acquisitions consulting; securitization and derivatives services comprising securities and derivative products, and foreign exchange trading; and working capital loans and facilities loans. In addition, it is involved in treasury and investment activities in international capital markets consisting of foreign currency-denominated securities trading, foreign exchange trading and services, trade-related financial services, international factoring services, and foreign banking operations. Further, the company offers trust account management, securities brokerage, and asset management services, as well as leasing and equipment financing, savings banking, loan collection and credit reporting, collective investment administration, private equity investment, and financial system development services. As of December 31, 2021, it operated a network of 784 service centers; 5,234 ATMs; 7 cash dispensers; and 85 digital kiosks. Shinhan Financial Group Co., Ltd. was founded in 1982 and is headquartered in Seoul, South Korea.Show more

Net Interest Income $11402.3B +5.4%
Total Revenue $35375.5B +4.7%
Net Income $4450.18B +1.9%
Return on Equity 7.73% -2.9%
Net Interest Margin 1.54% -1.4%
Efficiency Ratio 26.98% +2.3%
ROA 0.62% -3.5%
Equity / Assets 7.95% -2.3%
Book Value per Share 116193.83 +7.1%
Tangible BV/Share 104104.24 +7.9%
Debt/Equity 2.55

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 27.0% efficiency ratio
✓Share count reduced 2.5% through buybacks
✓Trading near 52-week high
✓Trading at only 0.0x book value

✗Weaknesses

✗High debt to equity ratio of 2.6x
✗Weak NIM of 1.5%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.66%

5Y5.95%

3Y11.16%

TTM-

Profit (Net Income) CAGR

10Y7.9%

5Y5.51%

3Y3.45%

TTM5.95%

EPS CAGR

10Y7.24%

5Y3.81%

3Y4.92%

TTM9.61%

ROCE

10Y Avg3.54%

5Y Avg2.34%

3Y Avg2.43%

Latest2.26%

Peer Comparison

International Trade Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CATYCathay General Bancorp	3.46B	50.81	12.86	6.11%	20.56%	10.5%	9.42%	0.08
IBOCInternational Bancshares Corporation	4.39B	70.69	10.76	7.5%	39.23%	13.44%	10.46%	0.23
BLXBanco Latinoamericano de Comercio Exterior, S. A.	1.29B	44.99	8.03	18.61%	25.4%	15.57%		3.43
HDBHDFC Bank Limited	166.72B	32.51	0.23	19.15%	16.06%	12.21%	100%	0.86
IBNICICI Bank Limited	110.22B	30.82	0.22	25.19%	17.32%	15.31%		0.62
MFGMizuho Financial Group, Inc.	104.86B	8.49	0.12	9.47%	10.3%	9.11%		5.79
KBKB Financial Group Inc.	31.94B	89.08	0.01	3.73%	13.45%	9.46%	100%	2.35
SHGShinhan Financial Group Co., Ltd.	26.05B	54.10	0.01	4.66%	12.58%	8.03%	100%	2.55

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	6.69T	7.21T	7.84T	8.58T	9.74T	9.88T	10.77T	10.6T	10.82T	11.4T
NII Growth %	-0.01%	0.08%	0.09%	0.09%	0.13%	0.01%	0.09%	-0.02%	0.02%	0.05%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	11.13T	11.24T	11.8T	13.57T	15.71T	14.77T	14.72T	20.11T	27.58T	29.21T
Interest Expense	4.44T	4.03T	3.96T	4.99T	5.97T	4.89T	3.95T	9.5T	16.76T	17.81T
Loan Loss Provision	-4.44T	-4.03T	-3.96T	-4.99T	968.7B	1.36T	962.65B	1.29T	2.16T	1.99T
Non-Interest Income+	2.27T	2.26T	2.8T	2.32T	10.79T	10.95T	11.03T	4.45T	6.22T	6.17T
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	13.4T	13.49T	14.6T	15.89T	26.5T	25.72T	25.75T	24.56T	33.8T	35.38T
Revenue Growth %	0.04%	0.01%	0.08%	0.09%	0.67%	-0.03%	0%	-0.05%	0.38%	0.05%
Non-Interest Expense	9.04T	9.15T	9.41T	9.2T	14.65T	14.72T	15.25T	7.42T	8.91T	9.55T
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	7.5T	7.15T	4.49T	9.42T	4.91T	4.75T	5.58T	6.37T	5.96T	6.03T
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.06%	-0.05%	-0.37%	1.1%	-0.48%	-0.03%	0.17%	0.14%	-0.06%	0.01%
Pretax Income+	3.14T	3.17T	3.8T	4.47T	4.91T	4.75T	5.58T	6.37T	5.96T	6.03T
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	694.62B	345.55B	848.13B	1.27T	1.27T	1.26T	1.47T	1.61T	1.49T	1.47T
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.37T	2.77T	2.92T	3.16T	3.4T	3.41T	4.02T	4.67T	4.37T	4.45T
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.14%	0.17%	0.05%	0.08%	0.08%	0%	0.18%	0.16%	-0.06%	0.02%
Net Income (Continuing)	2.45T	2.82T	2.95T	3.2T	3.64T	3.5T	4.11T	4.76T	4.48T	4.56T
EPS (Diluted)+	4789.00	5736.00	6118.00	6664.69	7000.16	6653.97	7308.05	8498.00	8047.57	8441.26
EPS Growth %	0.14%	0.2%	0.07%	0.09%	0.05%	-0.05%	0.1%	0.16%	-0.05%	0.05%
EPS (Basic)	4789.00	5736.00	6118.00	6664.69	7000.16	6653.97	7308.05	9123.81	8048.00	8441.00
Diluted Shares Outstanding	474.2M	474.2M	474.2M	473.65M	477.35M	500.34M	534.05M	508.78M	519.21M	506.23M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	23.24T	20.35T	23.83T	18.5T	29.61T	34.56T	29.05T	31.07T	35.77T	41.67T
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	302.24T	323.26T	350.29T	412.41T	485.68T	529.26T	576.79T	597.64T	616.26T	665.41T
Investments Growth %	0.11%	0.07%	0.08%	0.18%	0.18%	0.09%	0.09%	0.04%	0.03%	0.08%
Long-Term Investments	268.27T	285.59T	308.17T	374.09T	426.3T	470.94T	485.9T	512.17T	525.95T	571.61T
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	3.87T	3.87T	3.9T	3.9T	4.69T	4.69T	4.67T	4.68T	4.68T	4.67T
Intangible Assets	394.86B	353.45B	372.06B	416.62B	868.66B	790.83B	974.65B	1.12T	1.54T	1.45T
PP&E (Net)	3.06T	3.15T	3.02T	3T	4.08T	5.01T	4.05T	5.94T	6.05T	4.16T
Other Assets	28.84T	36.98T	35.97T	10.52T	14.7T	15.21T	25.49T	7.18T	5.65T	3.85T
Total Current Assets	65.96T	65.09T	74.27T	67.23T	101.56T	108.38T	120.66T	132.41T	147.78T	153.82T
Total Non-Current Assets	304.59T	330.59T	352.03T	392.37T	450.86T	496.86T	521.21T	532.02T	544.02T	585.94T
Total Assets+	370.55T	395.68T	426.31T	459.6T	552.42T	605.23T	641.86T	664.43T	691.8T	739.76T
Asset Growth %	0.1%	0.07%	0.08%	0.08%	0.2%	0.1%	0.06%	0.04%	0.04%	0.07%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	8.54T	7.26T	8.52T	9.75T	11.89T	14.57T	14.04T	12.34T	18.92T	15.14T
Total Debt+	65.93T	73.07T	110.57T	93.72T	114.25T	117.06T	134.68T	128.72T	143.78T	150.26T
Net Debt	42.69T	52.72T	86.74T	75.21T	84.64T	82.5T	105.63T	97.65T	108.02T	108.59T
Long-Term Debt	65.93T	73.07T	82.99T	86.02T	103.97T	105.33T	123.32T	118.5T	125.82T	137.8T
Short-Term Debt	0	0	27.59T	7.69T	9.18T	11.14T	10.75T	9.59T	17.35T	11.57T
Other Liabilities	31.38T	33.1T	9.4T	40.14T	72.04T	84.48T	64.39T	69.16T	74.59T	76.3T
Total Current Liabilities	240.89T	257.2T	299.69T	296.39T	332.45T	367.42T	402.33T	421.28T	433.24T	464.88T
Total Non-Current Liabilities	97.84T	106.73T	92.91T	126.56T	178.04T	191.46T	189.31T	189.73T	202.24T	216.06T
Total Liabilities	338.73T	363.94T	392.6T	422.95T	510.49T	558.88T	591.65T	611.01T	635.47T	680.94T
Total Equity+	31.81T	31.74T	33.7T	36.65T	41.93T	46.36T	50.22T	53.42T	56.32T	58.82T
Equity Growth %	0.04%	-0%	0.06%	0.09%	0.14%	0.11%	0.08%	0.06%	0.05%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.09%	0.09%	0.09%	0.09%	0.08%	0.08%	0.09%	0.08%	0.08%
Book Value per Share	67087.84	66944.29	71074.69	77380.99	87840.46	92650.16	94028.56	105003.47	108476.50	116193.83
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	2.37T	2.37T	2.37T	2.37T	2.37T	2.61T	2.97T	2.61T	2.7T	2.7T
Additional Paid-in Capital	9.89T	9.89T	9.89T	9.9T	10.57T	12.23T	12.1T	12.1T	12.09T	12.09T
Retained Earnings	17.69T	18.64T	20.79T	22.96T	25.53T	27.78T	31.14T	33.96T	36.39T	39.02T
Accumulated OCI	304.77B	-102.58B	-529.73B	-753.22B	-260.16B	-404.18B	-905.22B	-1.91T	-1.07T	-1.82T
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	274.06B	274.06B	274.06B	274.06B	361.46B	361.46B	361.46B	361.46B	274.06B	274.06B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.97T	3.8T	1.02T	-6.32T	7.18T	-4.41T	11.08T	7.59T	529.85B	4.63T
Operating CF Growth %	2.43%	0.28%	-0.73%	-7.19%	2.14%	-1.61%	3.51%	-0.31%	-0.93%	7.73%
Net Income	3.14T	3.17T	3.8T	4.47T	4.91T	4.75T	5.58T	4.76T	4.48T	4.56T
Depreciation & Amortization	278.88B	259.94B	253.34B	301.92B	677.15B	768.49B	902.69B	999.68B	1.19T	1.28T
Deferred Taxes	0	0	0	0	-37.3B	4.21B	1.47T	1.61T	1.49T	1.47T
Other Non-Cash Items	1.95T	3T	3.07T	1.53T	2.14T	1.16T	40.44T	28.1T	2.2T	2.61T
Working Capital Changes	-2.4T	-2.63T	-6.1T	-12.62T	-544.94B	-11.1T	-37.31T	-27.88T	-8.82T	-5.31T
Cash from Investing+	-5.29T	-7.59T	-10.7T	-5.51T	-22.69T	-3.03T	-12.03T	-11.03T	-4.27T	148.53B
Purchase of Investments	-39T	-38.34T	-42.14T	-36.42T	-66.7T	-66.25T	-50.97T	-43.41T	-49.02T	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-163.17B	-4.28B	83.63B	-4.5B	-2.25T	-73.08B	-527.42B	-27.84B	0	0
Other Investing	-46.48B	-177.75B	-87.74B	-521.47B	-104.03B	135.85B	382.5B	755.09B	-246.58B	412.37B
Cash from Financing+	1.31T	4.84T	10.33T	13.81T	15.88T	7.88T	4.96T	3.39T	9.76T	-182.65B
Dividends Paid	-546.16B	-669.1B	-706.57B	-714.71B	-830.77B	-968.85B	-1.22T	-1.54T	-1.46T	-1.27T
Share Repurchases	0	0	0	-151.99B	-444.08B	-150.18B	-79M	-300.06B	-486.03B	-700.1B
Stock Issued	0	0	0	0	0	161.86B	23.59B	0	0	297M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Financing	-228.68B	-678.1B	207.03B	1.1T	456.29B	2.18T	1.17T	1.61T	-49.05B	710.15B
Net Change in Cash+	-997.16B	1.03T	604.11B	1.94T	399.42B	383.81B	4.12T	-102.02B	6T	4.83T
Exchange Rate Effect	1000K	-1000K	-1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K
Cash at Beginning	5.6T	4.61T	5.63T	6.24T	8.18T	8.58T	8.96T	24.1T	24.41T	30.42T
Cash at End	4.61T	5.63T	6.24T	8.18T	8.58T	8.96T	13.08T	24T	30.42T	35.25T
Interest Paid	0	0	0	0	0	0	0	0	0	15.22T
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	2.71T	3.46T	754.89B	-6.62T	6.59T	-5.05T	10.19T	6.65T	-186.39B	3.85T
FCF Growth %	2.17%	0.27%	-0.78%	-9.77%	2%	-1.77%	3.02%	-0.35%	-1.03%	21.64%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.6%	8.73%	8.92%	8.97%	8.66%	7.74%	8.32%	9%	7.96%	7.73%
Return on Assets (ROA)	0.67%	0.72%	0.71%	0.71%	0.67%	0.59%	0.64%	0.71%	0.64%	0.62%
Net Interest Margin	1.81%	1.82%	1.84%	1.87%	1.76%	1.63%	1.68%	1.59%	1.56%	1.54%
Efficiency Ratio	67.42%	67.81%	64.48%	57.89%	55.28%	57.22%	59.22%	30.19%	26.37%	26.98%
Equity / Assets	8.59%	8.02%	7.91%	7.97%	7.59%	7.66%	7.82%	8.04%	8.14%	7.95%
Book Value / Share	67.09K	66.94K	71.07K	77.38K	87.84K	92.65K	94.03K	105K	108.48K	116.19K
NII Growth	-1.43%	7.66%	8.85%	9.4%	13.49%	1.49%	8.97%	-1.6%	2.09%	5.4%
Dividend Payout	23.07%	24.11%	24.22%	22.64%	24.41%	28.37%	30.32%	33.03%	33.46%	28.47%

Frequently Asked Questions

Valuation & Price

Shinhan Financial Group Co., Ltd. (SHG) has a price-to-earnings (P/E) ratio of 0.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Shinhan Financial Group Co., Ltd. (SHG) grew revenue by 4.7% over the past year. Growth has been modest.

Yes, Shinhan Financial Group Co., Ltd. (SHG) is profitable, generating $4.87T in net income for fiscal year 2024 (12.6% net margin).

Dividend & Returns

Yes, Shinhan Financial Group Co., Ltd. (SHG) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Shinhan Financial Group Co., Ltd. (SHG) has a return on equity (ROE) of 7.7%. This is below average, suggesting room for improvement.

Industry Metrics

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 27.0%. This is excellent, indicating strong cost control.

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