South Korean (KOSPI) Banks Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies12
- 7D-1.6%
- 3M13.5%
- 1Y19.0%
- YTD8.9%
Over the last 7 days, the Banks industry has dropped 4.3%, driven by a pullback from KB Financial Group of 4.1%. This takes the industry's 12 month performance to a gain of 19%. Earnings are forecast to grow by 8.5% annually.
Industry Valuation and Performance
Has the South Korean Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | ₩99.4t | ₩68.2t | ₩18.6t | 4.4x | 5.3x | 1.5x |
| Thu, 21 Mar 2024 | ₩114.1t | ₩67.7t | ₩18.9t | 5x | 6x | 1.7x |
| Sat, 17 Feb 2024 | ₩107.9t | ₩146.4t | ₩20.0t | 4.3x | 5.4x | 0.7x |
| Mon, 15 Jan 2024 | ₩88.9t | ₩133.3t | ₩19.8t | 3.5x | 4.5x | 0.7x |
| Wed, 13 Dec 2023 | ₩88.9t | ₩133.3t | ₩19.7t | 3.5x | 4.5x | 0.7x |
| Fri, 10 Nov 2023 | ₩86.3t | ₩136.7t | ₩21.5t | 3.5x | 4x | 0.6x |
| Sun, 08 Oct 2023 | ₩87.6t | ₩97.8t | ₩19.8t | 3.4x | 4.4x | 0.9x |
| Tue, 05 Sep 2023 | ₩86.8t | ₩97.8t | ₩20.1t | 3.2x | 4.3x | 0.9x |
| Thu, 03 Aug 2023 | ₩85.8t | ₩134.4t | ₩21.4t | 3.2x | 4x | 0.6x |
| Sat, 01 Jul 2023 | ₩81.1t | ₩96.6t | ₩20.0t | 3.2x | 4.1x | 0.8x |
| Mon, 29 May 2023 | ₩82.7t | ₩129.6t | ₩20.1t | 3.4x | 4.1x | 0.6x |
| Wed, 26 Apr 2023 | ₩82.8t | ₩92.6t | ₩19.8t | 3.6x | 4.2x | 0.9x |
| Fri, 24 Mar 2023 | ₩83.9t | ₩92.5t | ₩19.9t | 3.1x | 4.2x | 0.9x |
| Sun, 19 Feb 2023 | ₩88.4t | ₩193.3t | ₩19.6t | 3.8x | 4.5x | 0.5x |
| Tue, 17 Jan 2023 | ₩100.0t | ₩69.5t | ₩19.8t | 4.1x | 5x | 1.4x |
| Thu, 15 Dec 2022 | ₩91.1t | ₩69.5t | ₩19.8t | 3.8x | 4.6x | 1.3x |
| Sat, 12 Nov 2022 | ₩86.0t | ₩69.3t | ₩21.0t | 3.5x | 4.1x | 1.2x |
| Mon, 10 Oct 2022 | ₩77.4t | ₩66.1t | ₩18.9t | 3.5x | 4.1x | 1.2x |
| Wed, 07 Sep 2022 | ₩81.1t | ₩66.1t | ₩19.0t | 3.4x | 4.3x | 1.2x |
| Fri, 05 Aug 2022 | ₩84.2t | ₩65.0t | ₩19.0t | 3.3x | 4.4x | 1.3x |
| Sun, 03 Jul 2022 | ₩85.0t | ₩65.0t | ₩18.9t | 3.4x | 4.5x | 1.3x |
| Tue, 31 May 2022 | ₩104.6t | ₩64.3t | ₩18.6t | 4.3x | 5.6x | 1.6x |
| Thu, 28 Apr 2022 | ₩102.7t | ₩63.9t | ₩18.5t | 4.4x | 5.6x | 1.6x |
| Sat, 26 Mar 2022 | ₩108.3t | ₩63.4t | ₩18.0t | 4.5x | 6x | 1.7x |
| Mon, 21 Feb 2022 | ₩110.2t | ₩69.5t | ₩17.5t | 4.8x | 6.3x | 1.6x |
| Wed, 19 Jan 2022 | ₩103.2t | ₩69.8t | ₩17.3t | 4.6x | 6x | 1.5x |
| Fri, 17 Dec 2021 | ₩108.6t | ₩69.8t | ₩17.3t | 4.4x | 6.3x | 1.6x |
| Sun, 14 Nov 2021 | ₩107.9t | ₩71.4t | ₩18.3t | 4.5x | 5.9x | 1.5x |
| Tue, 12 Oct 2021 | ₩104.6t | ₩67.1t | ₩16.3t | 4.4x | 6.4x | 1.6x |
| Thu, 09 Sep 2021 | ₩108.6t | ₩67.2t | ₩16.4t | 4.3x | 6.6x | 1.6x |
| Sat, 07 Aug 2021 | ₩107.8t | ₩67.2t | ₩16.4t | 4.4x | 6.6x | 1.6x |
| Fri, 30 Apr 2021 | ₩76.0t | ₩63.9t | ₩14.4t | 5.2x | 5.3x | 1.2x |
Price to Earnings Ratio
5.3x
Current Industry PE
- Investors are relatively neutral on the South Korean Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 5.0x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 8.9% per year over the last three years.
- Revenues for these companies have grown 2.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the South Korean Financials industry?
| KR Market | -3.28% | |
| Financials | -2.02% | |
| Banks | -1.58% | |
| Regional Banks | 3.21% | |
| Diversified Banks | -1.80% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 5.1x.
- Analysts are expecting annual earnings growth of 8.4%, which is higher than its past year's earnings decline of 3.2% per year.
- Investors are most pessimistic about the Regional Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.8x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.8% over the next 5 years.
- This is better than its past earnings decline of 19% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 8.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| A105560 KB Financial Group | ₩70.20k | 9.0% +₩2.2t | 41.1% | PB0.5x | |
| A055550 Shinhan Financial Group | ₩43.90k | 6.9% +₩1.5t | 23.1% | PB0.4x | |
| A086790 Hana Financial Group | ₩57.60k | 7.5% +₩1.2t | 36.8% | PB0.4x | |
| A024110 Industrial Bank of Korea | ₩13.70k | 7.7% +₩781.5b | 34.7% | PB0.3x | |
| A316140 Woori Financial Group | ₩14.20k | 6.0% +₩594.0b | 19.1% | PB0.3x |