Financials Shinhan Financial Group Co., Ltd.

Equities

A055550

KR7055550008

Banks

End-of-day quote Korea S.E. 23:00:00 28/04/2024 BST 5-day change 1st Jan Change
46,850 KRW +0.21% Intraday chart for Shinhan Financial Group Co., Ltd. +12.22% +16.69%

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 23,864,774 - -
Enterprise Value (EV) 1 20,712,609 17,114,857 19,653,967 18,524,370 20,587,038 23,864,774 23,864,774 23,864,774
P/E ratio 6.19 x 4.82 x 5.04 x 4.16 x 4.99 x 5.08 x 4.74 x 4.43 x
Yield 4.27% 4.68% 3.8% - 5.23% 4.71% 5.02% 5.4%
Capitalization / Revenue 1.86 x 1.48 x 1.55 x 1.4 x 1.44 x 1.59 x 1.56 x 1.51 x
EV / Revenue 1.86 x 1.48 x 1.55 x 1.4 x 1.44 x 1.59 x 1.56 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 0.41 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 46,850 46,850 46,850
Announcement Date 05/02/20 05/02/21 09/02/22 08/02/23 08/02/24 - - -
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 15,048 15,296 15,787
EBITDA - - - - - - - -
EBIT 1 6,000 6,320 6,948 5,888 8,352 8,520 8,740 9,078
Operating Margin 53.88% 54.8% 54.75% 44.58% 58.62% 56.62% 57.14% 57.5%
Earnings before Tax (EBT) 1 4,912 4,754 5,584 6,349 5,965 6,433 6,829 7,018
Net income 1 3,404 3,415 4,019 4,642 4,368 4,630 4,946 5,152
Net margin 30.57% 29.61% 31.67% 35.15% 30.66% 30.77% 32.34% 32.63%
EPS 2 7,000 6,654 7,308 8,454 8,048 9,215 9,892 10,570
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1,850 1,500 1,400 - 2,100 2,205 2,350 2,528
Announcement Date 05/02/20 05/02/21 09/02/22 08/02/23 08/02/24 - - -
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 3,788 3,787 3,577 3,788
EBITDA - - - - - - - - - - - - - - -
EBIT 1 1,751 1,403 2,150 2,107 2,375 550 2,217 2,284 2,172 1,671 2,322 2,257 2,219 1,667 -
Operating Margin 56.36% 43.66% 61.88% 60.22% 62.78% 19.02% 62.05% 61.29% 59.07% 51.11% 62.86% 59.58% 58.6% 46.6% -
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 1,780 1,790 959.7 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 1,284 1,277 560.8 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% 33.9% 33.72% 15.68% 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 2 - - - - - - 525.0 525.0 525.0 525.0 556.3 556.3 556.3 700.0 592.2
Announcement Date 26/10/21 09/02/22 22/04/22 22/07/22 25/10/22 08/02/23 27/04/23 27/07/23 27/10/23 08/02/24 26/04/24 - - - -
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% 8.7% 8.77% 8.8%
ROA (Net income/ Total Assets) 0.73% 0.6% 0.66% 0.7% 0.66% 0.69% 0.68% 0.69%
Assets 1 466,732 569,100 608,978 662,050 661,823 667,355 728,724 745,064
Book Value Per Share 2 78,201 88,079 88,552 92,043 96,964 107,314 115,619 123,959
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 05/02/20 05/02/21 09/02/22 08/02/23 08/02/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
25
Last Close Price
46,850 KRW
Average target price
53,916 KRW
Spread / Average Target
+15.08%
Consensus
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  4. Financials Shinhan Financial Group Co., Ltd.