Shinhan Financial Group (SHG) Stock Price, News & Analysis

Company Overview

Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, 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; business expansion financing and consulting services; 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 real estate trust, investment advisory, venture business investment, life and non-life insurance, 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. Additionally, it provides transaction history inquiries and fund transfers, opening letters of credit, trade finance, payment and collection management, sales and acquisition settlement, business-to-business settlement, sweeping, pooling, ERP interface, host-to-host banking, SWIFT SCORE, and cash and liquidity management service. Shinhan Financial Group Co., Ltd. was founded in 1982 and is headquartered in Seoul, South Korea.

Key Stats

• Today's Range: $39.61 to $39.86
• 50-Day Range: $37.82 to $44.45
• 52-Week Range: $27.09 to $46.05
• Volume: 26,158 shs
• Average Volume: 128,339 shs
• Market Capitalization: $20.28 billion
• P/E Ratio: 6.25
• Dividend Yield: 3.04%
• Price Target: N/A
• Consensus Rating: Buy

Shinhan Financial Group Stock Analysis - MarketRank™

Shinhan Financial Group scored higher than 93% of companies evaluated by MarketBeat, and ranked 103rd out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Shinhan Financial Group.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 12.34%

Earnings Growth

Earnings for Shinhan Financial Group are expected to grow by 12.34% in the coming year, from $6.32 to $7.10 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Shinhan Financial Group is 6.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Shinhan Financial Group is 6.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.52.

Price to Earnings Growth Ratio

Shinhan Financial Group has a PEG Ratio of 0.63. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Shinhan Financial Group has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.09% of the float of Shinhan Financial Group has been sold short.

Short Interest Ratio / Days to Cover

Shinhan Financial Group has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shinhan Financial Group has recently decreased by 11.24%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Shinhan Financial Group pays a meaningful dividend of 3.13%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Shinhan Financial Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Shinhan Financial Group is 19.00%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Shinhan Financial Group will have a dividend payout ratio of 17.04% next year. This indicates that Shinhan Financial Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.09% of the float of Shinhan Financial Group has been sold short.

Short Interest Ratio / Days to Cover

Shinhan Financial Group has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shinhan Financial Group has recently decreased by 11.24%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.47

News Sentiment

Shinhan Financial Group has a news sentiment score of 1.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Shinhan Financial Group this week, compared to 1 article on an average week.

MarketBeat Follows

1 people have added Shinhan Financial Group to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Shinhan Financial Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Shinhan Financial Group is held by insiders.

Percentage Held by Institutions

Only 7.76% of the stock of Shinhan Financial Group is held by institutions.

SHG Stock Analysis - Frequently Asked Questions

How have SHG shares performed this year?

Shinhan Financial Group's stock was trading at $30.78 at the beginning of 2024. Since then, SHG shares have increased by 28.7% and is now trading at $39.62.
View the best growth stocks for 2024 here.

How were Shinhan Financial Group's earnings last quarter?

Shinhan Financial Group Co., Ltd. (NYSE:SHG) announced its quarterly earnings results on Friday, October, 25th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.02. The bank had revenue of $3.11 billion for the quarter. Shinhan Financial Group had a trailing twelve-month return on equity of 7.34% and a net margin of 12.21%.

Who are Shinhan Financial Group's major shareholders?

Top institutional shareholders of Shinhan Financial Group include Pzena Investment Management LLC (0.21%), Connor Clark & Lunn Investment Management Ltd. (0.10%), Wellington Management Group LLP (0.05%) and Sanders Capital LLC (0.04%).

How do I buy shares of Shinhan Financial Group?

Shares of SHG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Shinhan Financial Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Shinhan Financial Group investors own include Deckers Outdoor (DECK), NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Eli Lilly and Company (LLY), Phillips 66 (PSX) and EMCOR Group (EME).

Company Calendar

• Last Earnings: 10/25/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 4/17/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Banking
• Current Symbol: NYSE:SHG
• CUSIP: N/A
• CIK: 1263043
• Web: www.shinhangroup.com
• Phone: (226) 360-3000
• Fax: 82-2-6360-3098
• Employees: 190
• Year Founded: 1982

Profitability

• EPS (Most Recent Fiscal Year): $6.37
• Trailing P/E Ratio: 6.21
• Forward P/E Ratio: 6.26
• P/E Growth: 0.63
• Net Income: $3.49 billion
• Net Margins: 12.21%
• Pretax Margin: 17.84%
• Return on Equity: 7.34%
• Return on Assets: 0.59%

Debt

• Debt-to-Equity Ratio: 1.53
• Current Ratio: 1.04
• Quick Ratio: 1.04

Sales & Book Value

• Annual Sales: $25.42 billion
• Price / Sales: 0.79
• Cash Flow: $8.59 per share
• Price / Cash Flow: 4.61
• Book Value: $80.76 per share
• Price / Book: 0.49

Miscellaneous

• Outstanding Shares: 509,390,000
• Free Float: 504,299,000
• Market Cap: $20.16 billion
• Optionable: Optionable
• Beta: 0.93