Header cover image

South Korean (KOSPI) Banks Industry Analysis

UpdatedFeb 25, 2024
DataAggregated Company Financials
Companies12
  • 7D-0.006%
  • 3M22.5%
  • 1Y22.8%
  • YTD18.0%

Over the last 7 days, the Banks industry has remained flat, although notably Hana Financial Group gained 5.7%. The past year has been better, since the industry has gained 23% in that time. As for the next few years, earnings are expected to grow by 7.1% per annum.

Industry Valuation and Performance

Has the South Korean Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Feb 2024₩107.9t₩146.4t₩20.0t4.6x5.4x0.7x
Tue, 23 Jan 2024₩87.8t₩133.3t₩19.8t3.5x4.4x0.7x
Thu, 21 Dec 2023₩91.4t₩133.3t₩19.7t3.5x4.6x0.7x
Sat, 18 Nov 2023₩87.6t₩137.1t₩21.2t3.5x4.1x0.6x
Mon, 16 Oct 2023₩88.9t₩97.8t₩19.8t3.6x4.5x0.9x
Wed, 13 Sep 2023₩87.2t₩97.8t₩19.8t3.4x4.4x0.9x
Fri, 11 Aug 2023₩84.0t₩134.4t₩21.4t3.1x3.9x0.6x
Sun, 09 Jul 2023₩78.3t₩96.6t₩20.0t3.1x3.9x0.8x
Tue, 06 Jun 2023₩84.7t₩96.6t₩20.0t3.3x4.2x0.9x
Thu, 04 May 2023₩81.7t₩134.7t₩20.1t3.5x4.1x0.6x
Sat, 01 Apr 2023₩82.6t₩92.6t₩19.8t3.4x4.2x0.9x
Mon, 27 Feb 2023₩88.6t₩193.3t₩19.6t3.8x4.5x0.5x
Wed, 25 Jan 2023₩97.1t₩69.5t₩19.8t4.2x4.9x1.4x
Fri, 23 Dec 2022₩89.7t₩69.5t₩19.8t3.8x4.5x1.3x
Sun, 20 Nov 2022₩85.4t₩69.7t₩21.0t3.4x4.1x1.2x
Tue, 18 Oct 2022₩78.0t₩66.1t₩18.9t3.6x4.1x1.2x
Thu, 15 Sep 2022₩82.7t₩66.1t₩18.9t3.5x4.4x1.3x
Sat, 13 Aug 2022₩87.8t₩65.0t₩19.0t3.5x4.6x1.4x
Mon, 11 Jul 2022₩83.3t₩65.0t₩18.9t3.2x4.4x1.3x
Wed, 08 Jun 2022₩101.5t₩65.0t₩18.9t4x5.4x1.6x
Fri, 06 May 2022₩104.5t₩63.9t₩18.5t4.4x5.7x1.6x
Sun, 03 Apr 2022₩108.9t₩63.4t₩18.0t4.5x6x1.7x
Tue, 01 Mar 2022₩105.0t₩69.5t₩17.5t4.5x6x1.5x
Thu, 27 Jan 2022₩99.2t₩69.8t₩17.3t4.4x5.7x1.4x
Sat, 25 Dec 2021₩108.1t₩69.8t₩17.3t4.5x6.3x1.6x
Mon, 22 Nov 2021₩108.8t₩72.0t₩18.5t4.2x5.9x1.5x
Wed, 20 Oct 2021₩107.9t₩67.1t₩16.3t4.5x6.6x1.6x
Fri, 17 Sep 2021₩107.0t₩67.1t₩16.3t4.4x6.5x1.6x
Sun, 15 Aug 2021₩111.9t₩67.2t₩16.4t4.4x6.8x1.7x
Thu, 10 Jun 2021₩80.7t₩63.9t₩14.4t5.7x5.6x1.3x
Wed, 03 Mar 2021₩62.5t₩62.2t₩13.1t4.8x4.8x1x
Price to Earnings Ratio

4.8x


Total Market Cap: ₩62.5tTotal Earnings: ₩13.1tTotal Revenue: ₩62.2tTotal Market Cap vs Earnings and Revenue0%0%0%
South Korean Banks Industry Price to Earnings3Y Average 5x202220232024
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 higher than the industry's current PS ratio of 0.74x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 33% 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 Market0.76%
Financials1.93%
Banks-0.0061%
Regional Banks0.69%
Diversified Banks-0.039%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 5.0x.
    • Analysts are expecting annual earnings growth of 7.1%, which is higher than its past year's earnings growth of 4.0% 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 3.7x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 7.5% over the next 5 years.
  • This is better than its past earnings decline of 0.8% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
A086790 Hana Financial Group₩58.90k5.7%
+₩921.7b
30.0%PB0.4x
A175330 JB Financial Group₩13.39k9.0%
+₩215.8b
44.1%PB0.5x
A316140 Woori Financial Group₩14.92k1.2%
+₩125.6b
21.2%PB0.3x
A024110 Industrial Bank of Korea₩13.76k0.3%
+₩31.9b
34.9%PB0.3x
A138930 BNK Financial Group₩7.95k0.8%
+₩19.3b
17.4%PB0.3x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

A006220

₩12,310.00

Jeju Bank

7D

4.9%

1Y

-43.1%

A055550

₩43,300.00

Shinhan Financial Group

7D

-2.7%

1Y

11.7%

A105560

₩65,800.00

KB Financial Group

7D

-2.8%

1Y

29.8%

A175330

₩13,390.00

JB Financial Group

7D

9.0%

1Y

44.1%

A316140

₩14,920.00

Woori Financial Group

7D

1.2%

1Y

21.2%

A138930

₩7,950.00

BNK Financial Group

7D

0.8%

1Y

17.4%

A086790

₩58,900.00

Hana Financial Group

7D

5.7%

1Y

30.0%

A024110

₩13,760.00

Industrial Bank of Korea

7D

0.3%

1Y

34.9%

A007330

₩10,130.00

Pureun Mutual Savings Bank

7D

-6.0%

1Y

-7.9%

A038540

₩3,560.00

Sangsangin

7D

1.6%

1Y

-39.5%