SHG
Shinhan Financial Group Co Ltd
$71.91
▲ 4.1%Updated Today 3:42 PM ET
SHG at a glance — five pillars scored 0–100 from real filed financials.
Overall: Favorable · 59/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 52.7% over the last 12 months
Market Cap
$37.27B
P/E
9.91x
Forward P/E (est.)
8.59x
ROE
8.8%
Revenue Growth
48.6%
EPS Growth
15.4%
Profit Margin
18.7%
FCF Yield
—
Debt / Equity
2.73x
ROIC
5.0%
Interest Coverage
0.36x
Current Ratio
—
Dividend Yield
1.7%
Implied Growth (rev. DCF)
0.2%
Rating Score
59/100
Shinhan Financial Group Co Ltd (SHG) is a large-cap company in the Banking industry, part of the Financials sector of the S&P 500, with a market value around $37.27B.
In its latest reported year it generated about $21.91B in revenue and $3.34B in net profit.
Our model rates SHG Favorable (59/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
24.5% average over the last 3 years
±5.3 pts around 30.0% across 10 years
grew in 7 of the last 9 year-over-year periods
positive in 8 of 10 years
5.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what SHG's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. SHG trades near $71.91, above its 50-day average ($65.57) and 200-day average ($59.42). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 56 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. SHG's is $2.56 (~3.6% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month SHG found buyers near $59.78 (support) and sellers near $71.45 (resistance); its 52-week range is $46.18–$73.40. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.3× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
18.6%
Revenue moved from $8.35B in 2015 to $21.91B in 2024, a 11.3% compound annual growth rate. The most recent year grew a strong 48.6% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
—
Operating Margin
22.1%
Net Margin
15.2%
ROE
8.8%
Shinhan Financial Group Co Ltd keeps about 18.7% of each sales dollar as net profit. Return on equity is 8.8% and return on invested capital about 5.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$37.44B
Net Debt
$11.00B
Net Debt / EBITDA
2.27x
Debt / Equity
2.73x
Leverage: debt-to-equity is 2.7x, and operating profit covers interest about 0.4x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $37.44B of total debt against $26.44B of cash.
Operating CF
$3.47B
Free Cash Flow
$3.27B
FCF Margin
14.9%
In the latest year Shinhan Financial Group Co Ltd produced about $3.47B of operating cash flow and $3.27B of free cash flow after capital spending. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
1.7%
Per share (latest FY)
$1.20
Total paid (latest FY)
$950.36M
History on record
10 years
dividend uses 29% of free cash flow
28% of net income paid out
no current raise streak
payout was cut at least once in the last 10 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
9.91x
P/S
0.7x
P/B
0.64x
EV / EBITDA
8.32x
SHG trades at 9.9x trailing earnings (about 8.6x on estimated forward earnings), 0.7x sales, and 0.6x book value. Reverse-engineering today's price implies the market expects roughly 0.2% long-term free-cash-flow growth. That is an undemanding multiple — potentially cheap if the business is stable.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$283.95
Current price
$71.91
Starting FCF (latest 10-K)
$3.27B
Growth, years 1–5
20.0%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where SHG sits versus its Financials sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 141 Financials companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How SHG stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
In the Financials sector (289 S&P 500 companies), SHG ranks #90 of 289 by our overall rating. It trades at a discount versus the sector on earnings (9.9x P/E vs. 15.3x median) with a lower return on equity (8.8% vs. 13.6%) and faster revenue growth (48.6% vs. 15.9%).
P/E vs sector
9.9x
median 15.3x
ROE vs sector
8.8%
median 13.6%
Growth vs sector
48.6%
median 15.9%
Sector rank
#90
of 289 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size. Sector median is across all 289 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $71.91 today · expected CAGR 28% – 41%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $31.77B | $46.06B | $66.79B | $96.84B | $140.42B |
| Net income | $4.76B | $6.91B | $10.02B | $14.53B | $21.06B |
| EPS | $9.19 | $13.33 | $19.33 | $28.03 | $40.64 |
| Share price (low) | $55.16 | $79.98 | $115.98 | $168.17 | $243.84 |
| Share price (high) | $91.94 | $133.31 | $193.30 | $280.28 | $406.40 |
| CAGR (low–high) | -23% / 28% | 5% / 36% | 17% / 39% | 24% / 41% | 28% / 41% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for SHG:
- Revenue is growing 48.6% a year, a sign of real demand.
- High net margins (18.7%) point to pricing power or efficiency.
- Our model's overall read is Favorable (59/100).
The case against SHG:
- Elevated leverage (debt/equity 2.7x) adds financial risk.
- Interest coverage is thin (0.4x), so debt costs bite.
Balance-sheet risk — debt/equity of 2.7x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Shinhan Financial Group Co Ltd is a large-cap financials business still growing nicely, with solid profitability, and a heavier debt load to watch. It trades at 9.9x earnings, which our model scores Favorable (59/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 29 Wall Street analysts covering SHG recommend (July 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+3 pts of buy ratings).
Latest SEC Filings
SHG's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
SHG — frequently asked questions
Is SHG a good stock to buy?
We don't give buy or sell advice. Our model rates Shinhan Financial Group Co Ltd Favorable (59/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is SHG's rating on The Stocks School?
Shinhan Financial Group Co Ltd currently scores 59/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does SHG's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Shinhan Financial Group Co Ltd's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for SHG calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this SHG analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell SHG. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.