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UPDATED: Nov 20, 2025

Stock Analysis

SHG Logo
$52.65
-$0.28 |-0.53%
Day Range:
$52.22 - $52.94
Market Cap:
25.49B
P/E Ratio:
7.9388
Avg Value:
$42.38
Year Range:
$28.76 - $56.00
1
General Information
Shinhan Financial Group Co Ltd is a Korean banking group. Along with its subsidiaries the company provides, comprehensive financial services which consist of commercial banking services, credit card services, securities services, insurance, credit services, and asset management services, including securities investment trust management, investment advisory, call transaction, domestic and foreign private equity fund business, and other services.

The majority of the revenue is generated from its Banking business which includes retail, corporate, international, and other banking services the company offers.

2
Shinhan Finl Gr (SHG) Stock Graph
3
How We Grade Shinhan Finl Gr (SHG)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Shinhan Finl Gr (SHG) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

40.09

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

99.36

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Past Performance
How has Shinhan Finl Gr (SHG) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Shinhan Finl Gr (SHG) sharpe ratio over the past 5 years is 1.0394 which is considered to be above average compared to the peer average of 0.9407

6
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is SHG's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Revenue
21,848.49
23,189.76
17,445.94
17,529.76
23,186.31
Operating Revenue
21,848.49
23,189.76
17,445.94
17,529.76
23,186.31
Cost Of Revenue
0.00
0.00
0.00
0.00
0.00
Gross Profit
0.00
0.00
0.00
0.00
0.00
Operating Expense
0.00
0.00
0.00
0.00
0.00
Selling General And Administration
12,144.59
12,773.55
5,252.81
4,927.10
0.00
Research and Development
0.00
0.00
0.00
0.00
0.00
Operating Income
0.00
0.00
0.00
0.00
0.00
Net Non-Operating Interest Income Expense
0.00
0.00
0.00
0.00
0.00
Other Income Expense
0.00
0.00
0.00
0.00
0.00
Other Non-Operating Income Expenses
-454.25
-140.22
-185.74
-207.70
0.00
Pre-Tax Income
5,583.66
6,349.25
5,964.96
6,029.09
6,131.65
Tax Provision
1,471.04
1,617.09
1,486.96
1,470.92
0.00
Net Income
4,019.25
4,642.29
4,368.03
4,450.18
4,867.04
Net Income Common Stockholders
3,902.87
4,486.01
4,178.36
4,273.23
4,715.36
Total Operating Income As Reported
0.00
0.00
0.00
0.00
0.00
Total Expenses
0.00
0.00
0.00
0.00
0.00
Net Income From Continuing And Discontinued Operation
4,019.25
4,642.29
4,368.03
4,450.18
4,867.04
Normalized Income
4,019.25
4,642.29
4,398.17
4,481.06
4,905.59
Interest Income
14,724.23
20,108.67
27,579.21
29,209.34
30,921.18
Interest Expense
3,954.90
7,644.99
16,761.29
17,807.04
0.00
Net Interest Income
10,769.33
12,463.68
10,817.92
11,402.30
18,143.27
EBIT
0.00
0.00
0.00
0.00
0.00
EBITDA
0.00
0.00
0.00
0.00
0.00
Reconciled Cost Of Revenue
0.00
0.00
0.00
0.00
0.00
Reconciled Depreciation
902.69
1,053.82
1,185.01
1,280.38
0.00
Normalized EBITDA
0.00
0.00
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.24
Tax Effect Of Unusual Items
0.00
0.00
-10.92
-8.95
-12.09
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Assets
648,152.19
675,884.28
691,795.33
739,764.26
0.00
Current Assets
0.00
0.00
0.00
0.00
0.00
Total Non-Current Assets
0.00
0.00
0.00
0.00
0.00
Total Liabilities Net Minority Interest
598,613.76
624,753.86
635,473.47
680,943.22
0.00
Current Liabilities
0.00
0.00
0.00
0.00
0.00
Other Non-Current Liabilities
0.00
0.00
0.00
0.00
0.00
Total Equity Gross Minority Interest
49,538.42
51,130.42
56,321.86
58,821.03
0.00
Stockholders Equity
0.00
0.00
0.00
0.00
0.00
Total Capitalization
159,769.60
166,893.19
179,067.20
193,849.63
0.00
Common Stock Equity
46,929.68
48,077.24
53,446.48
55,779.70
0.00
Net Tangible Assets
41,646.37
42,630.87
47,502.59
49,933.62
0.00
Working Capital
0.00
0.00
0.00
0.00
0.00
Invested Capital
159,450.57
166,579.80
178,827.22
193,606.41
0.00
Tangible Book Value
41,284.90
42,269.40
47,228.54
49,659.57
0.00
Total Debt
113,133.57
119,125.89
125,994.65
138,717.40
0.00
Net Debt
82,989.84
87,953.57
89,749.37
96,154.41
0.00
Share Issued
0.52
0.51
0.51
0.50
0.00
Ordinary Shares Number
0.52
0.51
0.51
0.50
0.00
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
11,080.11
7,592.56
529.85
4,626.30
Net Income from Continuing Operations
5,583.66
6,349.25
4,478.00
4,558.17
Depreciation and Amortization
902.69
1,053.82
1,185.01
1,280.38
Deferred Tax
1,470.92
Deferred Income Tax
1,470.92
Stock-Based Compensation
Other Non-Cash Items
-8,384.28
-11,942.56
-10,048.53
-10,944.09
Change in Working Capital
3,586.36
-256.37
-8,821.66
-5,309.76
Change in Receivables
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
Change in Payable
Change in Account Payable
Change in Other Current Assets
-6,920.94
152.67
-6,394.74
2,036.97
Change in Other Current Liabilities
-4,489.46
211.71
13,479.46
-8,626.43
Change in Other Working Capital
43,396.16
24,210.45
-10,874.86
36,370.30
Cash Flow from Continuing Investing Activities
-12,030.51
-11,031.46
-4,271.71
148.53
Net PPE Purchase and Sale
-314.81
-233.04
-245.29
-257.18
Net Business Purchase and Sale
Purchase of Business
Net Investment Purchase and Sale
-10,995.37
-10,815.58
-3,763.68
878.73
Purchase of Investment
-50,970.88
-43,411.40
-49,022.03
-57,567.12
Sale of Investment
39,975.51
32,595.83
45,258.34
58,445.85
Net Other Investing Changes
-172.84
385.97
5.62
31.74
Financing Cash Flow
4,961.74
3,394.72
9,760.17
-182.65
Cash Flow from Continuing Financing Activities
4,961.74
3,394.72
9,760.17
-182.65
Net Issuance Payments of Debt
4,991.77
3,629.38
11,756.61
1,074.15
Net Long-Term Debt Issuance
4,991.77
3,629.38
11,756.61
1,074.15
Long-Term Debt Issuance
29,410.29
45,667.24
55,827.11
54,660.58
Long-Term Debt Payments
-24,418.53
-42,037.85
-44,070.50
-53,586.43
Net Short-Term Debt Issuance
Net Common Stock Issuance
23.51
-300.06
-486.03
-699.80
Common Stock Issuance
23.59
Common Stock Payments
-0.08
-300.06
-486.03
-700.10
Cash Dividends Paid
-1,218.76
-1,540.87
-1,461.37
-1,267.15
Net Other Financing Charges
1,165.23
1,606.26
-49.05
710.15
End Cash Position
45,974.35
60,611.04
122,740.01
136,164.18
Changes in Cash
4,011.35
-44.18
6,018.30
4,592.18
Beginning Cash Position
41,853.45
49,693.50
116,737.07
131,333.52
Capital Expenditure
-890.21
-943.13
-716.24
-778.77
Issuance of Capital Stock
23.59
Issuance of Debt
29,410.29
45,667.24
55,827.11
54,660.58
Repayment of Debt
-24,418.53
-42,037.85
-44,070.50
-53,586.43
Repurchase of Capital Stock
-0.08
-300.06
-486.03
-700.10
Free Cash Flow
10,189.90
6,649.43
-186.39
3,847.52