EN DE

Shinhan Financial Group (055550) Fair Value & Analysis

Financial Services · KR · Market cap 50.8T KRW (≈ $35.6B) · ISIN KR7055550008

What is Shinhan Financial Group really worth?

SF Shinhan Financial Group 055550 · KO
Price110,300 KRW
Fair Value146,032 KRW
Upside+32.4%
Quality63/100

A solid business, trading 24% below our fair value of 146,032 KRW.

Watch Shinhan Financial Group for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Highly profitable · 32.0% net margin
Wide moat 65/100

Risks

!Weak Growth (revenue 5y −2.5 %/yr)
!High debt · generates free cash flow
!Mixed vs. peers (6/11)
!Evidence only medium, so the estimate is less certain

For context

·2.50% dividend yield
Evidence: Medium Range 109,524 KRW – 182,540 KRW

Fair value as of: Aug 27, 2026

From 6 valuation models · updated 9 days ago

Share price +7.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

114,500 KRW 26,992 KRW Fair Value 146,032 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range 26,992 KRW – 114,500 KRW · fair‑value band 109,524 KRW – 182,540 KRW · the 110,300 KRW price screens below the 146,032 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Shinhan Financial Group (055550) currently trades at 110,300 KRW, while our model-based Fair Value estimate is 146,032 KRW, implying the stock looks roughly 24.5% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of 137,259 KRW per share, and 3 of the 6 models we run sit above the 110,300 KRW price. Bear case: the Dividend Discount group reads lowest at 41,006 KRW, and 3 of the 6 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Shinhan Financial Group generated revenue of 16.0T KRW at a net margin of 32.0%. Revenue grew 6.6% year over year. It earns a return on equity of 8.6%. Net debt stands at 99.4T KRW. Fundamentals as of Aug 27, 2026

Our scenario range runs from 109,524 KRW (bear case) to 182,540 KRW (bull case); at 110,300 KRW, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 97% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −10% fair-value upside, at 32%, 055550 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence 105,736 KRW 115,357 KRW 158,436 KRW 76
DDM Multi-Stage 26,431 KRW 41,006 KRW 57,505 KRW 66
Gordon GGM 26,431 KRW 53,019 KRW 95,580 KRW 65
All 6 models by family
Dividend Discount
Gordon GGM 26,431 KRW 53,019 KRW 95,580 KRW 65
DDM Multi-Stage 26,431 KRW 41,006 KRW 57,505 KRW 66
Multiples
P/E Multiple 102,944 KRW 137,259 KRW 171,574 KRW 63
P/B Multiple 129,246 KRW 172,328 KRW 215,410 KRW 55
Asset-Based
NCAV (Graham) 61,546 KRW 82,471 KRW 123,091 KRW 54
Economic Profit
Residual Income best evidence 105,736 KRW 115,357 KRW 158,436 KRW 76

Widest divergence: Multiples (137,259 KRW) versus Dividend Discount (41,006 KRW). Highest evidence: Residual Income (76).

Notify me when 055550 reaches fair value

Put 055550 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/S ratio 3.17 TTM
Dividend yield 2.5%
Net margin 27.0% FY2025
Return on equity 8.6% TTM
Return on assets (EBIT) 0.9% avg 5y
Operating margin 51.5% TTM
More key figures
Growth
Revenue (TTM) 16.0T KRW TTM
Revenue growth (YoY) +6.6% 3y avg −6.6%
EPS growth (YoY) +14.0%
Balance sheet & cash flow
Free cash flow 9.1T KRW FY2025
Net debt 99.4T KRW FY2025 · ≈ 10.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 78

Profitability 33
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 97
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea, Vietnam, and Japan. The company operates in six segments: Banking, Credit card, Securities, Insurance, Credit, and Others.

Full company description

Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea, Vietnam, and Japan. The company operates in six segments: Banking, Credit card, Securities, Insurance, Credit, and Others. It offers credit, lending and receiving deposits; credit cards, short-term and long-term card loan services, installment financing, and leases; securities trading, consignment trading, and underwriting; life and non-life insurance business; facility rental and new technology business financing; and real estate trust, investment advisory services, venture business investment, and other businesses. Shinhan Financial Group Co., Ltd. was founded in 1982 and is based in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shinhan Financial Group reported revenue of 18.4T KRW in FY2025 versus 21.9T KRW in FY2021, a compound −4.2%/yr. Reported net income was 5.0T KRW in FY2025, compounding +5.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
18.4T KRW
Latest YoY
+4.7%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−6.6%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.5%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.7%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+9.6% (7.1 + 2.5)
Revenue −4.2%/yr
FY21 21.9T KRW
FY22 22.6T KRW
FY23 17.1T KRW
FY24 17.6T KRW
FY25 18.4T KRW
Net income +5.5%/yr
FY21 4.0T KRW
FY22 4.6T KRW
FY23 4.4T KRW
FY24 4.5T KRW
FY25 5.0T KRW

Watch 055550: get an alert when its fair value changes →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Shinhan Financial Group Fair Value". https://www.fairvalue-calculator.com/stock/055550

Peer Group

Banks - Regional · 1071 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 65 · Top 25%
Fair Value upside +32% · Top 25%
Return on equity (TTM) 9% · Below median
Return on assets 1% · Below median
Net margin (TTM) 32% · Above median
Operating margin (TTM) 51% · Top 25%
Revenue growth 7% · Below median
Dividend yield (TTM) 2.5% · Below median
Debt / equity 2.43× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
PEG 0.99× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE77 · sector 33
FUTURE33 · sector 45
PAST35 · sector 41
HEALTH0 · sector 85
DIVIDEND50 · sector 51

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
DBS Group D05 75.65 SGD 40.48 SGD −46%
China Merchants Bank Co 3968 HK$47.96 HK$76.51 +60%
Intesa Sanpaolo S.p.A ISP €6.78 €5.66 −17%
HDFC Bank Limited HDB $23.17 $24.12 +4%
BNP Paribas SA BNP €102.56 €144.64 +41%
UniCredit S.p.A UCG €84.71 €77.62 −8%
Mizuho Financial Group MFG $10.74 $9.69 −10%
ICICI Bank Limited ICICIBANK ₹1,443 ₹835.21 −42%
Oversea-Chinese Banking Corporation O39 31.07 SGD 19.80 SGD −36%
CaixaBank, S.A CABK €13.52 €8.85 −35%

Compare Shinhan Financial Group with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Shinhan Financial Group (055550) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of 146,032 KRW versus a price of 110,300 KRW, about +32% upside (undervalued).
What is the fair value of 055550?
Our model-based fair value for Shinhan Financial Group is 146,032 KRW (as of Aug 27, 2026), built from audited fundamentals. The current price: 110,300 KRW.
What is the quality score of 055550?
Shinhan Financial Group has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Shinhan Financial Group (055550)?
Shinhan Financial Group reported trailing-twelve-month revenue of about 16.0T KRW (latest available figure, as of Aug 27, 2026).
What is the net profit margin of 055550?
The net profit margin of Shinhan Financial Group is about 32.0%, meaning it keeps roughly 32.0% of revenue as net income. Based on the latest reported figures.
Does Shinhan Financial Group pay a dividend?
Shinhan Financial Group currently shows a dividend yield of about 2.50% relative to its recent price (as of Aug 27, 2026).
Free · no account needed

Watch Shinhan Financial Group in the live analysis

One click puts Shinhan Financial Group on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.