SHINHAN FINANCIAL GROUP CO LTD
SHG · National Commercial Banks · EDGAR filings ↗
Grade
C61Leading diversified Korean financial group, but sparse and dated metrics limit conviction.
Strengths
- One of Korea's largest financial groups with ~21M customers and broad banking/insurance/card diversification
- Top-percentile cash and investment base; strong franchise scale
Risks
- Only one usable metric (no ROE/ROA/margin disclosed), and FY2019 period data is stale
- Heavy exposure to Korean SMEs, real-estate project finance and Korea/North-Korea macro risk
Notable findings
- No interest coverageInterest coverage 0.36 (cannot cover interest)
- Strong balance sheetStrong balance sheet — $23.9B cash & investments
Key metrics
Operating margin
8.7%
Net margin
6.2%
Return on equity
7.7%
Return on assets
0.6%
ROIC
4.7%
Revenue growth (QoQ)
6.5%
Net-income growth
-10.2%
Debt / equity
0.8×
Interest coverage
0.4×
Free cash flow
$3.0B
Tangible book value
$36.8B
Cash & investments
$23.9B
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-22 | 2025-12-31 | 0001193125-26-168235 ↗ |
| 20-F | 2025-04-23 | 2024-12-31 | 0001193125-25-089950 ↗ |
| 20-F | 2024-04-18 | 2023-12-31 | 0001193125-24-100756 ↗ |
| 20-F | 2023-04-20 | 2022-12-31 | 0001193125-23-107490 ↗ |
| 20-F | 2022-04-20 | 2021-12-31 | 0001193125-22-110321 ↗ |
| 20-F | 2021-04-28 | 2020-12-31 | 0001193125-21-135311 ↗ |
| 20-F | 2020-04-29 | 2019-12-31 | 0001193125-20-124824 ↗ |
| 20-F | 2019-04-30 | 2018-12-31 | 0001193125-19-127582 ↗ |
| 20-F | 2018-04-30 | 2017-12-31 | 0001193125-18-141173 ↗ |
| 20-F | 2017-04-28 | 2016-12-31 | 0001193125-17-145077 ↗ |
| 20-F | 2016-04-29 | 2015-12-31 | 0001193125-16-565915 ↗ |
| 20-F | 2015-04-30 | 2014-12-31 | 0001193125-15-160206 ↗ |