SHG Financial Statements

Balance sheet, income statement, cash flow, and dividends for Shinhan Financial Group Co Ltd (SHG).


₩16.86B Market Cap.

As of 04/23/2025 5:00 PM ET (MRY) • Disclaimer

SHG Market Cap. (MRY)


SHG Shares Outstanding (MRY)


SHG Assets (MRY)


Total Assets

₩739.76T

Total Liabilities

₩680.94T

Total Investments

₩661.92T

SHG Income (MRY)


Revenue

₩18.22T

Net Income

₩4.45T

Operating Expense

₩8.18T

SHG Cash Flow (MRY)


CF Operations

₩4.63T

CF Investing

₩148.53B

CF Financing

-₩182.65B

SHG Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$1.96

6.00%

64.40%

0.02%

4311.03

2023

$1.19

3.90%

33.37%

0.01%

6757.35

2022

$0.89

3.20%

307.76%

0.01%

9466.97

2021

$0.22

0.70%

0%

0.00%

33369.86

2020

$0

0%

-

0%

-

SHG Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

₩739,764,256,000,000 (6.93%)

₩691,795,333,000,000 (2.35%)

₩675,884,281,000,000 (4.28%)

₩648,152,185,000,000 (7.09%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

₩6,120,133,000,000 (-1.57%)

₩6,217,946,000,000 (7.06%)

₩5,807,836,000,000 (2.89%)

₩5,644,782,000,000 (3.00%)

Shareholders Equity

₩56,053,756,000,000 (4.34%)

₩53,720,537,000,000 (10.90%)

₩48,438,706,000,000 (2.43%)

₩47,291,150,000,000 (7.31%)

Property Plant & Equipment Net

₩4,157,592,000,000 (4.66%)

₩3,972,304,000,000 (-0.97%)

₩4,011,097,000,000 (-0.87%)

₩4,046,164,000,000 (1.42%)

Cash & Equivalents

₩40,525,712,000,000 (17.03%)

₩34,629,251,000,000 (17.26%)

₩29,532,235,000,000 (3.79%)

₩28,453,404,000,000 (-14.84%)

Accumulated Other Comprehensive Income

-₩1,824,440,000,000 (-69.80%)

-₩1,074,453,000,000 (70.01%)

-₩3,582,720,000,000 (-263.75%)

-₩984,936,000,000 (-143.69%)

Deferred Revenue

₩0 (0%)

₩0 (0%)

₩0 (0%)

₩0 (0%)

Total Investments

₩661,923,384,000,000 (7.35%)

₩616,615,850,000,000 (2.72%)

₩600,297,771,000,000 (4.64%)

₩573,697,639,000,000 (8.28%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

₩0 (0%)

₩0 (0%)

₩0 (0%)

₩0 (0%)

Trade & Non-Trade Receivables

₩0 (0%)

₩0 (0%)

₩0 (0%)

₩0 (0%)

Trade & Non-Trade Payables

₩0 (0%)

₩0 (0%)

₩0 (0%)

₩0 (0%)

Accumulated Retained Earnings (Deficit)

₩39,020,580,000,000 (7.24%)

₩36,387,314,000,000 (9.13%)

₩33,342,633,000,000 (9.17%)

₩30,541,300,000,000 (9.95%)

Tax Assets

₩260,164,000,000 (41.16%)

₩184,309,000,000 (-82.91%)

₩1,078,640,000,000 (619.03%)

₩150,013,000,000 (-43.87%)

Tax Liabilities

₩626,952,000,000 (-1.24%)

₩634,848,000,000 (-27.20%)

₩872,099,000,000 (-0.74%)

₩878,607,000,000 (-9.35%)

Total Debt

₩143,686,227,000,000 (3.77%)

₩138,463,077,000,000 (9.40%)

₩126,567,958,000,000 (2.64%)

₩123,316,428,000,000 (5.64%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

₩680,943,223,000,000 (7.16%)

₩635,473,468,000,000 (1.72%)

₩624,753,859,000,000 (4.37%)

₩598,613,763,000,000 (7.11%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

SHG Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

₩18,219,408,000,000 (0.10%)

₩18,201,084,000,000 (104.38%)

₩8,905,554,000,000 (-7.96%)

₩9,675,795,000,000 (2.05%)

Cost of Revenue

₩4,089,259,000,000 (1.77%)

₩4,018,167,000,000 (0%)

₩0 (0%)

₩0 (0%)

Selling General & Administrative Expense

₩6,116,240,000,000 (3.75%)

₩5,895,337,000,000 (-1.97%)

₩6,013,514,000,000 (4.71%)

₩5,743,088,000,000 (10.18%)

Research & Development Expense

₩0 (0%)

₩0 (0%)

₩0 (0%)

₩0 (0%)

Operating Expenses

₩8,182,464,000,000 (1.24%)

₩8,082,067,000,000 (-47.79%)

₩15,481,156,000,000 (6.82%)

₩14,493,024,000,000 (0.40%)

Interest Expense

₩0 (0%)

₩0 (0%)

₩0 (0%)

₩0 (0%)

Income Tax Expense

₩1,470,922,000,000 (-1.08%)

₩1,486,960,000,000 (-8.05%)

₩1,617,088,000,000 (9.93%)

₩1,471,036,000,000 (17.14%)

Net Loss Income from Discontinued Operations

₩0 (0%)

₩0 (0%)

₩0 (0%)

₩0 (0%)

Consolidated Income

₩4,558,170,000,000 (1.79%)

₩4,478,000,000,000 (-5.37%)

₩4,732,163,000,000 (15.06%)

₩4,112,628,000,000 (17.57%)

Net Income to Non-Controlling Interests

₩107,993,000,000 (-1.79%)

₩109,965,000,000 (22.36%)

₩89,871,000,000 (-3.75%)

₩93,374,000,000 (11.85%)

Net Income

₩4,450,177,000,000 (1.88%)

₩4,368,035,000,000 (-5.91%)

₩4,642,292,000,000 (15.50%)

₩4,019,254,000,000 (17.71%)

Preferred Dividends Income Statement Impact

₩0 (0%)

₩0 (0%)

₩0 (0%)

₩0 (0%)

Net Income Common Stock

₩4,450,177,000,000 (1.88%)

₩4,368,035,000,000 (-5.91%)

₩4,642,292,000,000 (15.50%)

₩4,019,254,000,000 (17.71%)

Weighted Average Shares

₩512,759,471 (0.78%)

₩508,784,869 (-1.51%)

₩516,599,554 (0.14%)

₩515,894,758 (12.07%)

Weighted Average Shares Diluted

-

-

-

-

Earning Before Interest & Taxes (EBIT)

₩5,921,099,000,000 (1.13%)

₩5,854,995,000,000 (-6.46%)

₩6,259,380,000,000 (14.01%)

₩5,490,290,000,000 (17.56%)

Gross Profit

₩14,130,149,000,000 (-0.37%)

₩14,182,917,000,000 (59.26%)

₩8,905,554,000,000 (-7.96%)

₩9,675,795,000,000 (2.05%)

Operating Income

₩5,947,685,000,000 (-2.51%)

₩6,100,850,000,000 (192.78%)

-₩6,575,602,000,000 (-36.50%)

-₩4,817,229,000,000 (2.74%)

SHG Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

₩148,533,000,000 (103.48%)

-₩4,271,713,000,000 (0%)

₩0 (0%)

₩0 (0%)

Net Cash Flow from Financing

-₩182,650,000,000 (-101.87%)

₩9,760,166,000,000 (187.51%)

₩3,394,715,000,000 (-31.58%)

₩4,961,745,000,000 (-37.04%)

Net Cash Flow from Operations

₩4,626,299,000,000 (773.14%)

₩529,846,000,000 (-93.02%)

₩7,592,560,000,000 (80.78%)

₩4,199,954,000,000 (505.37%)

Net Cash Flow / Change in Cash & Cash Equivalents

₩4,830,659,000,000 (-19.53%)

₩6,002,938,000,000 (5984.19%)

-₩102,018,000,000 (96.30%)

-₩2,755,957,000,000 (-173.16%)

Net Cash Flow - Business Acquisitions and Disposals

-₩335,667,000,000 (-559.11%)

-₩50,927,000,000 (0%)

₩0 (0%)

₩0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

-₩4,631,823,000,000 (38.72%)

-₩7,558,536,000,000 (0%)

₩0 (0%)

₩0 (0%)

Capital Expenditure

-₩247,003,000,000 (-319.67%)

-₩58,856,000,000 (0%)

₩0 (0%)

₩0 (0%)

Issuance (Repayment) of Debt Securities

₩1,672,020,000,000 (-85.67%)

₩11,668,679,000,000 (156.93%)

₩4,541,497,000,000 (-26.11%)

₩6,146,366,000,000 (-13.47%)

Issuance (Purchase) of Equity Shares

-₩699,805,000,000 (-43.98%)

-₩486,028,000,000 (-61.98%)

-₩300,060,000,000 (-1382.09%)

₩23,404,000,000 (-97.99%)

Payment of Dividends & Other Cash Distributions

-₩1,267,146,000,000 (13.29%)

-₩1,461,371,000,000 (5.16%)

-₩1,540,871,000,000 (-26.43%)

-₩1,218,761,000,000 (-25.79%)

Effect of Exchange Rate Changes on Cash

₩238,477,000,000 (1652.48%)

-₩15,361,000,000 (73.44%)

-₩57,837,000,000 (-151.25%)

₩112,854,000,000 (319.62%)

Share Based Compensation

₩0 (0%)

₩0 (0%)

₩0 (0%)

₩0 (0%)

Depreciation Amortization & Accretion

₩1,280,382,000,000 (8.05%)

₩1,185,006,000,000 (12.45%)

₩1,053,820,000,000 (16.74%)

₩902,692,000,000 (17.46%)

SHG Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

77.60% (-0.39%)

77.90% (-22.10%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

24.40% (1.67%)

24.00% (-53.93%)

52.10% (25.54%)

41.50% (15.28%)

EBITDA Margin

39.50% (2.07%)

38.70% (-52.86%)

82.10% (24.21%)

66.10% (15.16%)

Return on Average Equity (ROAE)

8.10% (-3.57%)

8.40% (-13.40%)

9.70% (10.23%)

8.80% (7.32%)

Return on Average Assets (ROAA)

0.60% (0.00%)

0.60% (-14.29%)

0.70% (16.67%)

0.60% (0.00%)

Return on Sales (ROS)

32.50% (0.93%)

32.20% (-54.20%)

70.30% (23.99%)

56.70% (15.01%)

Return on Invested Capital (ROIC)

0.70% (-12.50%)

0.80% (0.00%)

0.80% (0.00%)

0.80% (14.29%)

Dividend Yield

6.00% (53.85%)

3.90% (21.87%)

3.20% (357.14%)

0.70% (0%)

Price to Earnings Ratio (P/E)

5.59 (12.92%)

4.95 (18.89%)

4.17 (-17.24%)

5.04 (3.43%)

Price to Sales Ratio (P/S)

1.33 (19.30%)

1.11 (-45.47%)

2.04 (4.13%)

1.96 (24.73%)

Price to Book Ratio (P/B)

0.43 (14.29%)

0.38 (0.53%)

0.38 (-6.23%)

0.4 (18.64%)

Debt to Equity Ratio (D/E)

12.15 (2.70%)

11.83 (-8.29%)

12.9 (1.90%)

12.66 (-0.19%)

Earnings Per Share (EPS)

8,441 (4.88%)

8,048 (-4.80%)

8,454 (15.68%)

7,308 (9.83%)

Sales Per Share (SPS)

24.74 (-10.41%)

27.62 (102.06%)

13.67 (-13.25%)

15.76 (-16.74%)

Free Cash Flow Per Share (FCFPS)

8,540.64 (822.60%)

925.72 (-93.70%)

14,697.19 (80.53%)

8,141.11 (461.70%)

Book Value Per Share (BVPS)

109,317.84 (3.53%)

105,585.96 (12.61%)

93,764.51 (2.29%)

91,668.21 (-4.25%)

Tangible Assets Book Value Per Share (TABVPS)

1,430,776.35 (6.18%)

1,347,479.91 (3.88%)

1,297,090.64 (4.15%)

1,245,423.4 (-4.41%)

Enterprise Value Over EBIT (EV/EBIT)

22 (10.00%)

20 (5.26%)

19 (-5.00%)

20 (5.26%)

Enterprise Value Over EBITDA (EV/EBITDA)

18.34 (10.50%)

16.59 (4.59%)

15.87 (-6.12%)

16.9 (5.34%)

Asset Turnover

0.03 (-7.41%)

0.03 (107.69%)

0.01 (-13.33%)

0.01 (-6.25%)

Current Ratio

-

-

-

-

Dividends

₩1.96 (64.40%)

₩1.19 (33.37%)

₩0.89 (307.76%)

₩0.22 (0%)

Free Cash Flow (FCF)

₩4,379,296,000,000 (829.81%)

₩470,990,000,000 (-93.80%)

₩7,592,560,000,000 (80.78%)

₩4,199,954,000,000 (505.37%)

Enterprise Value (EV)

₩91,959,940,780 (1.95%)

₩90,200,053,361 (-1.97%)

₩92,013,498,366 (1.36%)

₩90,778,277,510 (13.22%)

Earnings Before Tax (EBT)

₩5,921,099,000,000 (1.13%)

₩5,854,995,000,000 (-6.46%)

₩6,259,380,000,000 (14.01%)

₩5,490,290,000,000 (17.56%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

₩7,201,481,000,000 (2.29%)

₩7,040,001,000,000 (-3.74%)

₩7,313,200,000,000 (14.39%)

₩6,392,982,000,000 (17.54%)

Invested Capital

₩836,804,638,000,000 (6.00%)

₩789,411,213,000,000 (2.91%)

₩767,112,168,000,000 (4.03%)

₩737,370,427,000,000 (7.95%)

Working Capital

-

-

-

-

Tangible Asset Value

₩733,644,123,000,000 (7.01%)

₩685,577,387,000,000 (2.31%)

₩670,076,445,000,000 (4.29%)

₩642,507,403,000,000 (7.13%)

Market Capitalization

₩16,859,531,406 (7.66%)

₩15,660,398,268 (8.54%)

₩14,428,625,543 (-9.52%)

₩15,946,306,970 (16.40%)

Average Equity

₩54,887,146,500,000 (5.10%)

₩52,226,189,500,000 (9.11%)

₩47,864,928,000,000 (4.78%)

₩45,680,358,500,000 (9.75%)

Average Assets

₩715,779,794,500,000 (5.55%)

₩678,114,281,500,000 (2.43%)

₩662,018,233,000,000 (5.64%)

₩626,693,144,500,000 (8.27%)

Invested Capital Average

₩813,107,925,500,000 (5.29%)

₩772,276,862,500,000 (2.66%)

₩752,241,297,500,000 (5.92%)

₩710,220,914,000,000 (8.29%)

Shares

512,759,471 (0.78%)

508,784,869 (-1.51%)

516,599,554 (0.14%)

515,894,758 (12.07%)