Shinhan Financial Group Co., Ltd.

DB:KSF1 Stock Report

Market Cap: €16.7b

Shinhan Financial Group Past Earnings Performance

Past criteria checks 4/6

Shinhan Financial Group has been growing earnings at an average annual rate of 6.4%, while the Banks industry saw earnings growing at 17.8% annually. Revenues have been growing at an average rate of 4.9% per year. Shinhan Financial Group's return on equity is 8%, and it has net margins of 29.6%.

Key information

6.4%

Earnings growth rate

4.9%

EPS growth rate

Banks Industry Growth10.6%
Revenue growth rate4.9%
Return on equity8.0%
Net Margin29.6%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

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

Earnings and Revenue History

DB:KSF1 Revenue, expenses and earnings (KRW Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2414,933,5574,422,6505,734,8660
30 Jun 2414,677,7194,305,2995,743,1560
31 Mar 2414,506,1294,124,1255,714,4640
31 Dec 2314,182,9174,178,3635,698,1530
30 Sep 2313,905,8613,995,0465,914,1700
30 Jun 2313,656,4274,433,5185,720,2090
31 Mar 2312,599,7894,501,9735,680,2050
31 Dec 2213,250,0444,509,3665,490,1480
30 Sep 2213,388,1794,621,2115,683,3060
30 Jun 2213,232,2864,120,4915,675,9540
31 Mar 2224,720,2714,089,8175,287,3140
31 Dec 2123,827,0503,902,8665,400,4540
30 Sep 2112,895,2963,920,5015,569,4740
30 Jun 2112,752,4573,957,1445,484,5260
31 Mar 2112,173,9923,586,4885,335,7550
31 Dec 2011,588,6283,329,2685,212,4730
30 Sep 2011,433,6553,384,0245,032,6780
30 Jun 2011,318,9763,228,8015,006,5730
31 Mar 2011,418,4743,344,7424,967,0620
31 Dec 1911,380,2273,341,5044,936,9830
30 Sep 1911,165,5643,332,5214,876,1400
30 Jun 1910,688,7413,208,2384,741,1520
31 Mar 1910,349,6703,163,2404,645,2500
31 Dec 1810,078,9963,116,3654,565,4420
30 Sep 189,667,7322,829,4134,719,3020
30 Jun 189,544,0212,808,0764,708,9940
31 Mar 189,324,3282,763,3434,626,5460
31 Dec 179,135,9972,901,1384,645,5090
30 Sep 179,145,3053,298,1784,337,8000
30 Jun 179,011,7243,181,7184,328,5340
31 Mar 178,722,1232,964,3954,340,4000
31 Dec 168,410,5402,719,8514,344,3980
30 Sep 168,326,5282,493,5764,298,0310
30 Jun 164,459,4232,403,2464,353,5870
31 Mar 168,037,0052,447,7964,308,0440
31 Dec 157,981,5432,270,7454,279,3390
30 Sep 1513,617,6742,253,1094,289,3280
30 Jun 1511,742,8292,183,0074,266,7140
31 Mar 158,020,4892,022,8514,271,1460
31 Dec 148,035,6771,989,2324,265,4500
30 Sep 147,876,0732,015,2574,048,0740
30 Jun 147,948,6541,906,4674,032,2300
31 Mar 147,865,0331,884,1864,055,2700
31 Dec 137,729,7041,806,6994,037,6440

Quality Earnings: KSF1 has high quality earnings.

Growing Profit Margin: KSF1's current net profit margins (29.6%) are higher than last year (28.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: KSF1's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: KSF1's earnings growth over the past year (10.7%) exceeds its 5-year average (6.4% per year).

Earnings vs Industry: KSF1 earnings growth over the past year (10.7%) did not outperform the Banks industry 12.6%.

Return on Equity

High ROE: KSF1's Return on Equity (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 Analysis2024/12/19 13:03
End of Day Share Price 2024/12/18 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

Shinhan Financial Group Co., Ltd. is covered by 46 analysts. 21 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
Michelle ChoBNP Paribas Securities (Asia)
Jeehoon ParkBofA Global Research