Shinhan Financial Group (055550) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Shinhan Financial Group stock KRW 100,463, price KRW 88,700, upside +13.3%, quality 66 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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The stock costs 12% less than our calculation considers fair.
Fair value 100,463 KRW · Undervalued (12%)
Quality 66/100
Highly profitable · 26.2% net margin (TTM)
3.3% dividend yield · Low payout
Costs just 7.8 times its yearly profit.
Mixed vs. peers(8/14)
Wide moat65/100 · thin data
Some data
Weak Growth(revenue 5y −2.5 %/yr in KRW)
Risks from the AI analysis
🚩Lotte Non-Life acquisition and capital commitment concerns🚩Digital banks KakaoBank and Toss Bank erode retail customers🚩FSS governance probes constrain operations
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 26,799 KRW – 114,600 KRW · fair‑value band 75,347 KRW – 125,579 KRW · the 88,700 KRW price screens below the 100,463 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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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.
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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.
Stock analysis
Shinhan Financial Group (055550) currently trades at 88,700 KRW, while our model-based Fair Value estimate is 100,463 KRW, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 117,767 KRW per share, and 2 of the 6 models we run sit above the 88,700 KRW price.
Bear case: the Dividend Discount group reads lowest at 40,454 KRW, and 4 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 75,347 KRW (bear) to 125,579 KRW (bull), the price of 88,700 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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.
Key figures
Market cap 42.3T KRW (≈ $31.1B) Large · P/E ratio 7.8 · P/S ratio 2.06 · EPS (TTM) 11,347 KRW · Dividend yield 3.3% · Net margin 26.2% · Return on equity 8.9% · Return on assets (EBIT) 0.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at 13%, 055550 screens cheaper than that median.
Fair Value models
Bear75,347 KRWFair Value 100,463 KRWBull125,579 KRW
Price 88,700 KRW · Upside +13.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (7,148 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−6.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−2.5%
Start year 2020 (pandemic). Over 10 years: +8.7% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.7%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
+10.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.1%
Dividend (yield on the price)3.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.1% vs 6.1%, steady
AI conclusion: Limited evidence of a durable moat stands as the key weakness for this regional bank, offset by potential synergies in non-life insurance from the controlling stake in Lotte Non-Life Insurance.
Main risk: KakaoBank and Toss Bank could draw away retail banking customers from Shinhan through superior digital platforms and convenience, pressuring fees and deposit margins in consumer lending and payments.
Bull case: Shinhan could leverage its SuperSOL super app and AI agents to match or exceed digital rivals in user experience and retain core customers while improving efficiency.
Bear case: If digital banks continue gaining ground and regulatory interventions intensify, Shinhan could lose significant retail market share and face restricted decision-making that slows adaptation.
Shinhan Financial Group is moving to strengthen its non-life insurance presence through the acquisition of a controlling stake in Lotte Non-Life Insurance. The deal could create meaningful synergies across the group yet has sparked concern over the capital commitment and the investments needed to turn around the target's performance. Does the potential improvement in the insurance business outweigh the near-term strain on capital efficiency?
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Peer Groupⓘ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.Banks - Regional · 1002 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+13.3% · Top 25%
Profitability
Return on equity (12 months)8.9% · Below median
Return on assets0.6% · Bottom 25%
Net margin (12 months)26.2% · Below median
Operating margin (12 months)44.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)5.7% · Below median
Dividend yield (12 months)3.3% · Above median
Balance sheet
Debt / equity2.43× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Shinhan Financial Group Fair Value". https://www.fairvalue-calculator.com/stock/055550
Frequently asked questions
Is Shinhan Financial Group (055550) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 100,463 KRW versus a price of 88,700 KRW, about +13% upside (undervalued).
What is the fair value of 055550?
Our model-based fair value for Shinhan Financial Group is 100,463 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 88,700 KRW.
What is the quality score of 055550?
Shinhan Financial Group has a Quality Score of 66/100. 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 price target for Shinhan Financial Group (055550)?
Our model-based price target is the fair value of 100,463 KRW (as of Nov 4, 2026) from 6 valuation models. Cautious scenario 75,347 KRW, optimistic scenario 125,579 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Shinhan Financial Group stock forecast for 2026?
Our models put fair value at 100,463 KRW, about +13% upside versus a price of 88,700 KRW (undervalued). Cautious scenario 75,347 KRW, optimistic scenario 125,579 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Shinhan Financial Group (055550)?
Shinhan Financial Group reported trailing-twelve-month revenue of about 20.6T KRW (latest available figure, as of Nov 4, 2026).
Does Shinhan Financial Group pay a dividend?
Shinhan Financial Group currently shows a dividend yield of 3.30% relative to its recent price (as of Nov 4, 2026).
What is the intrinsic value of Shinhan Financial Group (055550)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shinhan Financial Group it is 100,463 KRW per share (as of Nov 4, 2026), against a price of 88,700 KRW. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Shinhan Financial Group stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 055550 trades below its calculated fair value: price 88,700 KRW, fair value 100,463 KRW, a gap of about +13% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 055550?
No. The price is what the market pays today (88,700 KRW); the fair value is what the company's own numbers justify (100,463 KRW). For Shinhan Financial Group the two are 11,763 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Shinhan Financial Group worth?
The market values Shinhan Financial Group at about 42.3T KRW (market capitalisation, as of Nov 4, 2026). Per share that is 88,700 KRW; our models calculate a fair value of 100,463 KRW per share.
What do the bullish and bearish scenarios say about 055550?
Our models span a range for Shinhan Financial Group: cautious scenario 75,347 KRW, base 100,463 KRW, optimistic 125,579 KRW per share (as of Nov 4, 2026, price 88,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 055550?
Shinhan Financial Group trades at a price-to-earnings ratio of 7.8 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 100,463 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 5.6. Other multiples: PEG 5.1, P/B 0.7, P/S 2.1.
What is the PEG ratio of 055550?
The PEG ratio of Shinhan Financial Group is 5.14 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Shinhan Financial Group (055550)?
Balance-sheet figures for Shinhan Financial Group (as of Nov 4, 2026): return on equity 8.9%, debt of 2.43 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 055550 from its 52-week high?
Shinhan Financial Group trades at 88,700 KRW, about 23% below its 52-week high of 114,600 KRW and 21% above the low of 73,557 KRW (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 100,463 KRW is for.
Which stocks are comparable to Shinhan Financial Group?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shinhan Financial Group stock attractive at the current price?
The data as of Nov 4, 2026: price 88,700 KRW, calculated fair value 100,463 KRW (+13%), Quality Score 66/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 055550 calculated?
We run Shinhan Financial Group through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 100,463 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Shinhan Financial Group currently trades 12% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shinhan Financial Group (055550)?
The closing price on Nov 5, 2026 was 88,700 KRW. Our model-based fair value is 100,463 KRW, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shinhan Financial Group right now?
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Shinhan Financial Group
How large is the market capitalisation of Shinhan Financial Group (055550)?
The market capitalisation of Shinhan Financial Group is 42.3T KRW (≈ $31.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shinhan Financial Group (055550)?
The price-to-sales ratio of Shinhan Financial Group is 2.06 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shinhan Financial Group (055550)?
Earnings per share at Shinhan Financial Group are 11,347 KRW (price ÷ EPS = P/E 7.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shinhan Financial Group (055550)?
The dividend yield of Shinhan Financial Group is 3.3% (payout 25.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shinhan Financial Group (055550)?
The net margin of Shinhan Financial Group is 26.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shinhan Financial Group (055550)?
The return on equity (ROE) of Shinhan Financial Group is 8.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shinhan Financial Group (055550)?
On an EBIT basis the return on assets of Shinhan Financial Group is 0.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shinhan Financial Group (055550)?
The operating margin of Shinhan Financial Group is 44.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shinhan Financial Group (055550)?
Revenue at Shinhan Financial Group is growing +5.7% versus a year earlier (3y avg −6.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shinhan Financial Group (055550)?
Earnings per share at Shinhan Financial Group are growing +22.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shinhan Financial Group (055550) generate?
The free cash flow of Shinhan Financial Group is 9.1T KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shinhan Financial Group (055550) carry?
The net debt of Shinhan Financial Group is 99.4T KRW (fiscal year 2025, ≈ 10.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 4, 2026