Woori Financial Group Inc.

DB:2WGA Stock Report

Market Cap: €7.7b

Woori Financial Group Past Earnings Performance

Past criteria checks 2/6

Woori Financial Group has been growing earnings at an average annual rate of 12.3%, while the Banks industry saw earnings growing at 17.8% annually. Revenues have been growing at an average rate of 9.1% per year. Woori Financial Group's return on equity is 7.8%, and it has net margins of 25.9%.

Key information

12.3%

Earnings growth rate

11.1%

EPS growth rate

Banks Industry Growth10.6%
Revenue growth rate9.1%
Return on equity7.8%
Net Margin25.9%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Woori Financial Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:2WGA Revenue, expenses and earnings (KRW Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 249,939,1692,573,6994,304,4360
30 Jun 2410,406,9762,579,9144,250,3250
31 Mar 249,755,1242,280,6184,201,8040
31 Dec 239,499,1142,375,1484,213,4420
30 Sep 239,946,6592,794,0694,425,5910
30 Jun 2310,066,2472,805,0884,416,1820
31 Mar 2310,317,8573,113,1584,389,1220
31 Dec 2210,022,2513,049,9244,333,8880
30 Sep 2210,106,1802,970,7954,104,2120
30 Jun 229,569,4842,854,0974,066,8600
31 Mar 229,178,3662,690,3964,031,2270
31 Dec 218,812,9502,521,6863,979,9980
30 Sep 218,241,6202,301,2633,892,2300
30 Jun 216,763,8411,985,9353,844,3790
31 Mar 216,756,4571,399,9763,818,9280
31 Dec 206,867,4811,258,3513,797,6850
30 Sep 208,024,2631,346,4833,745,2740
30 Jun 207,603,0221,348,7213,706,9570
31 Mar 207,296,8911,808,8593,661,3860
31 Dec 196,866,8331,867,8453,599,8810
30 Sep 196,829,9471,753,4983,650,1420
30 Jun 196,867,4181,831,4013,601,8130
31 Mar 196,957,6441,898,7963,567,3790
31 Dec 186,854,6231,881,9883,480,9310
30 Sep 186,601,3671,887,1063,127,0860
30 Jun 186,472,0051,567,8133,417,4990
31 Mar 186,003,2501,308,7503,378,3180
31 Dec 175,715,1091,345,0763,393,5700
30 Sep 175,895,0981,346,9283,582,6310
30 Jun 175,534,2161,412,2593,243,1860
31 Mar 175,463,9521,250,1513,328,1670
31 Dec 165,421,0251,054,7513,349,4880
30 Sep 165,468,0721,126,6133,145,1070
30 Jun 165,641,4461,090,7073,129,4040
31 Mar 165,346,1321,017,6733,068,8790
31 Dec 155,177,784875,8373,021,8420
30 Sep 154,558,495514,5062,959,5690
30 Jun 154,395,077417,7052,925,1850
31 Mar 154,435,332420,6812,874,0590
31 Dec 144,561,677385,1602,832,2560
30 Sep 143,829,917457,7422,482,4020
30 Jun 143,818,534326,2082,747,1410
31 Mar 143,676,402266,6322,756,3050
31 Dec 133,291,900132,6122,763,7470

Quality Earnings: 2WGA has high quality earnings.

Growing Profit Margin: 2WGA's current net profit margins (25.9%) are lower than last year (28.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 2WGA's earnings have grown by 12.3% per year over the past 5 years.

Accelerating Growth: 2WGA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2WGA had negative earnings growth (-7.9%) over the past year, making it difficult to compare to the Banks industry average (12.9%).

Return on Equity

High ROE: 2WGA's Return on Equity (7.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 05:14
End of Day Share Price 2024/12/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Woori Financial Group Inc. is covered by 44 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sunmok HaBarclays
Changhun KimBNP Paribas Securities (Asia)
Jeehoon ParkBofA Global Research