SHINHAN FINANCIAL GROUP CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 46,650 KRW | -0.43% |
|
+5.30% | +16.19% |
| Apr. 26 | Asian Equities Traded in the US as American Depositary Receipts Trend Higher in Friday Trading, End Week Up 3.5% | MT |
| Apr. 26 | Shinhan Financial Group Co., Ltd. Announces Quarterly Dividend | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,712,609 | 17,114,857 | 19,653,967 | 18,524,370 | 20,587,038 | 23,762,897 | - | - |
| Enterprise Value (EV) 1 | 20,712,609 | 17,114,857 | 19,653,967 | 18,524,370 | 20,587,038 | 23,762,897 | 23,762,897 | 23,762,897 |
| P/E ratio | 6.19 x | 4.82 x | 5.04 x | 4.16 x | 4.99 x | 5.04 x | 4.68 x | 4.4 x |
| Yield | 4.27% | 4.68% | 3.8% | - | 5.23% | 4.69% | 5% | 5.43% |
| Capitalization / Revenue | 1.86 x | 1.48 x | 1.55 x | 1.4 x | 1.44 x | 1.59 x | 1.55 x | 1.51 x |
| EV / Revenue | 1.86 x | 1.48 x | 1.55 x | 1.4 x | 1.44 x | 1.59 x | 1.55 x | 1.51 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 0.55 x | 0.36 x | 0.42 x | 0.38 x | 0.41 x | 0.44 x | 0.4 x | 0.38 x |
| Nbr of stocks (in thousands) | 477,800 | 534,005 | 534,075 | 526,261 | 512,753 | 509,387 | - | - |
| Reference price 2 | 43,350 | 32,050 | 36,800 | 35,200 | 40,150 | 46,650 | 46,650 | 46,650 |
| Announcement Date | 2/5/20 | 2/5/21 | 2/9/22 | 2/8/23 | 2/8/24 | - | - | - |
1KRW in Million2KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,134 | 11,533 | 12,692 | 13,207 | 14,247 | 14,957 | 15,300 | 15,770 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 6,000 | 6,320 | 6,948 | 5,888 | 8,352 | 8,550 | 8,730 | 9,062 |
| Operating Margin | 53.88% | 54.8% | 54.75% | 44.58% | 58.62% | 57.16% | 57.06% | 57.46% |
| Earnings before Tax (EBT) 1 | 4,912 | 4,754 | 5,584 | 6,349 | 5,965 | 6,454 | 6,832 | 7,079 |
| Net income 1 | 3,404 | 3,415 | 4,019 | 4,642 | 4,368 | 4,688 | 4,972 | 5,189 |
| Net margin | 30.57% | 29.61% | 31.67% | 35.15% | 30.66% | 31.34% | 32.5% | 32.9% |
| EPS 2 | 7,000 | 6,654 | 7,308 | 8,454 | 8,048 | 9,247 | 9,965 | 10,595 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1,850 | 1,500 | 1,400 | - | 2,100 | 2,186 | 2,335 | 2,533 |
| Announcement Date | 2/5/20 | 2/5/21 | 2/9/22 | 2/8/23 | 2/8/24 | - | - | - |
1KRW in Billions2KRW
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,106 | 3,214 | 3,474 | 3,499 | 3,784 | 2,892 | 3,573 | 3,728 | 3,677 | 3,270 | 3,693 | 3,692 | 3,813 | 3,608 | 3,788 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,751 | 1,403 | 2,150 | 2,107 | 2,375 | 550 | 2,217 | 2,284 | 2,172 | 1,671 | 2,068 | 2,226 | 2,334 | 1,932 | - |
| Operating Margin | 56.36% | 43.66% | 61.88% | 60.22% | 62.78% | 19.02% | 62.05% | 61.29% | 59.07% | 51.11% | 62.86% | 60.3% | 61.21% | 53.55% | - |
| Earnings before Tax (EBT) 1 | 1,544 | 664.9 | 1,931 | 1,813 | 2,166 | 439.9 | 1,857 | 1,728 | 1,590 | 789.4 | 1,791 | 1,843 | 1,686 | 988.8 | 1,871 |
| Net income 1 | 1,116 | 459.8 | 1,400 | 1,320 | 1,595 | 326.9 | 1,388 | 1,238 | 1,192 | 549.7 | 1,322 | 1,308 | 1,318 | 627.3 | 1,388 |
| Net margin | 35.92% | 14.3% | 40.31% | 37.73% | 42.14% | 11.3% | 38.84% | 33.22% | 32.42% | 16.81% | 33.93% | 35.44% | 34.56% | 17.39% | 36.64% |
| EPS 2 | 2,020 | 808.0 | 2,552 | 2,423 | 2,921 | 558.0 | 2,552 | 2,295 | 2,210 | 991.0 | 2,121 | 2,541 | 2,478 | 1,265 | 2,799 |
| Dividend per Share | - | - | - | - | - | - | 525.0 | 525.0 | 525.0 | 525.0 | - | - | - | - | - |
| Announcement Date | 10/26/21 | 2/9/22 | 4/22/22 | 7/22/22 | 10/25/22 | 2/8/23 | 4/27/23 | 7/27/23 | 10/27/23 | 2/8/24 | 4/26/24 | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 9.09% | 8.4% | 9.17% | 9.7% | 8.61% | 8.83% | 8.84% | 8.86% |
| ROA (Net income/ Total Assets) | 0.73% | 0.6% | 0.66% | 0.7% | 0.66% | 0.68% | 0.68% | 0.69% |
| Assets 1 | 466,732 | 569,100 | 608,978 | 662,050 | 661,823 | 686,340 | 732,541 | 748,806 |
| Book Value Per Share 2 | 78,201 | 88,079 | 88,552 | 92,043 | 96,964 | 107,013 | 115,752 | 123,968 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/5/20 | 2/5/21 | 2/9/22 | 2/8/23 | 2/8/24 | - | - | - |
1KRW in Billions2KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
BUY
Number of Analysts
25
Last Close Price
46,650
KRW
Average target price
55,656
KRW
Spread / Average Target
+19.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.19% | 17.35B | |
| +12.72% | 555B | |
| +9.92% | 295B | |
| +10.73% | 247B | |
| +20.52% | 209B | |
| +18.46% | 172B | |
| +9.68% | 165B | |
| +9.46% | 156B | |
| -11.07% | 139B | |
| -0.60% | 139B |
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- Financials Shinhan Financial Group Co., Ltd.
