Shinhan Financial Group Co Ltd (SHG)

NYSE: SHG · National Commercial Banks · Seoul100-102, KR · filing with the SEC since 2003

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Grade5.2

◀ Past 7.5● Present 3.2▶ Future 4.1

2 est.

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The grade of Shinhan Financial Group Co Ltd

Nine metrics read from its own filings, by tense

Headline grade

5.2/10

◀ Past7.540% of the headline

● Present3.235% of the headline

▶ Future4.125% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.5/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.5/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 75th percentile among 83 sector filers · read for itself

From the record

Shinhan Financial Group Co Ltd's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

7.2/10

What has it actually done, year after year?

+12.2% a year over 3 filed years; profitable in 3 of 3.

weight 22% of this tense · 72nd percentile among 79 sector filers · read for its customers

From the record

Shinhan Financial Group Co Ltd's 3 filed years say what it did: revenue went from KRW 58815 billion in fiscal 2022 to KRW 74064 billion in fiscal 2024, up 12.2% a year; it rose in 2 of 2 years; it never fell from a peak; net income was positive in 3 of 3 of those years (its annual reports).

What it rests on

revenue growth over the filed span12.2%bottom 47% of its family
the share of years revenue rosetop 9% of its family
the share of filed years with a profittop 42% of its family
the deepest fall from a revenue peak0.0%top 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

7.7/10

How has it treated the people who own it?

Share count shrank 1.8% a year. 47% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 77th percentile among 81 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2024-12-31, Shinhan Financial Group Co Ltd's diluted share count shrank about 1.8% a year, and dividends and buybacks returned about 47% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearstop 13% of its family
cash returned against operating cash flowtop 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

3.8/10

Is it financially healthy right now?

ROE 8%: 8¢ of profit per shareholder dollar. Leverage 92%: owes 92¢ per asset dollar.

weight 45% of this tense · 37th percentile among 83 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Shinhan Financial Group Co Ltd earned about 8 cents of profit for every dollar of shareholders' money. Leverage: it owed about 92 cents per dollar of assets, and net share issuance: its share count shrank 2.5% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 5% of its family
return on equitybottom 21% of its family
the share count against the year beforetop 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

1.1/10

How strong is its position in its industry?

bottom 11% of 79 in its family; net margin 6.2%.

weight 33% of this tense · 11th percentile among 79 sector filers · read for its customers

From the record

Shinhan Financial Group Co Ltd's standing among 79 graded names in its industry family: revenue of KRW 74064 billion in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of 6.2% ranks in the bottom 4%; revenue growth of 12.2% a year over the last 2 filed years ranks in the bottom 18% (its annual reports).

What it rests on

net margin6.2%bottom 4% of its family
three-year revenue growth12.2%bottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.3/10

What are the people in charge doing?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 80 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 80 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 80 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Shinhan Financial Group Co Ltd's leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 80 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.1/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed

2.5/10

How much room does it have to grow?

bottom 24% of 71 in its family for room to expand.

weight 33% of this tense · 24th percentile among 71 sector filers · read for itself

From the record

Shinhan Financial Group Co Ltd's room to grow, from the newest filed statements (fiscal 2024): cash of KRW 35248 billion against debt of KRW 49920 billion leaves -2% of its assets as net cash, bottom 13% of its family; cash from operations less capital spending is 5.9% of revenue (bottom 11%); research spending of 0% of revenue (top 50%) (its annual report).

What it rests on

cash less debt against assets-2.0%bottom 13% of its family
cash from operations less capital spending against revenue5.9%bottom 11% of its family
research spending against revenue0.0%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.7/10

What could actually drive growth from here?

bottom 47% of 79 in its family for growth drivers.

weight 33% of this tense · 47th percentile among 79 sector filers · read for its customers

From the record

Shinhan Financial Group Co Ltd's growth drivers, from the filed years to fiscal 2024: revenue grew 12.2% a year over the last three filed years against 12.2% over all 3, speeding up (bottom 27% of its family); the newest year grew 20.7% (top 12%); research spending grew -1.9% a year (top 50%); capital spending grew -7.6% a year (bottom 24%) (its annual reports). Shinhan Financial Group Co Ltd tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+0.0 points a yearbottom 27% of its family
the newest year's revenue growth20.7%top 12% of its family
three-year growth of research spending-1.9%top 50% of its family
three-year growth of capital spending-7.6%bottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate

5.2/10

Did its newest year beat what its own record pointed to?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 76 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 76 members with one.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: family median, 76 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Shinhan Financial Group Co Ltd's expectations vs reality is put at 5.2 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 76 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SHG · research, not advice