WOORI FINANCIAL GROUP INC.
WF · Commercial Banks, NEC · EDGAR filings ↗
Grade
C63Large Korean bank holding company with middling returns and very stale data.
Strengths
- Dominant scale with top-percentile cash and free cash flow (bank-accounting-flattered)
- Net income growth +13% (46th pct), broadly stable franchise
Risks
- ROE 9.2% (40th pct) and ROA 0.47% (28th pct) are unremarkable for a bank
- FY2010 data is over a decade stale; SME and chaebol credit concentration risk
Notable findings
- No interest coverageInterest coverage 0.32 (cannot cover interest)
- Cash burnNegative free cash flow (-4297.1M)
- Strong balance sheetStrong balance sheet — $18.5B cash & investments, ~17 quarters of runway
Key metrics
Return on equity
8.8%
Return on assets
0.6%
ROIC
5.1%
Net-income growth
6.1%
Debt / equity
0.8×
Interest coverage
0.3×
Free cash flow
-$4.3B
Tangible book value
$24.0B
Cash & investments
$18.5B
Cash runway
17q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-22 | 2025-12-31 | 0001193125-26-168715 ↗ |
| 20-F | 2025-04-28 | 2024-12-31 | 0001193125-25-098257 ↗ |
| 20-F | 2024-04-29 | 2023-12-31 | 0001193125-24-119661 ↗ |
| 20-F | 2023-04-21 | 2022-12-31 | 0001193125-23-109119 ↗ |
| 20-F | 2022-05-16 | 2021-12-31 | 0001193125-22-150789 ↗ |
| 20-F | 2021-04-30 | 2020-12-31 | 0001193125-21-142293 ↗ |
| 20-F | 2020-04-29 | 2019-12-31 | 0001193125-20-124619 ↗ |
| 20-F | 2019-04-30 | 2018-12-31 | 0001193125-19-128772 ↗ |
| 20-F | 2018-04-30 | 2017-12-31 | 0001193125-18-141139 ↗ |
| 20-F | 2017-04-27 | 2016-12-31 | 0001193125-17-140730 ↗ |
| 20-F | 2016-04-29 | 2015-12-31 | 0001193125-16-566548 ↗ |
| 20-F | 2015-04-30 | 2014-12-31 | 0001193125-15-159808 ↗ |