Shinhan Financial Group Co (SHG) financial statements

Financial Services · Banks - Regional · Market cap $35.0B

Shinhan Financial Group Co reported revenue of 74.06T KRW in fiscal 2024, up 12.2% a year over 2 years.

Net income was 4.45T KRW.

Free cash flow was 3.85T KRW, and the company returned 1.27T KRW in dividends and 700.0B KRW in net buybacks.

The diluted share count rose 7% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (KRW).

-10,000-5,00005,00010,000201520162017201820192020202158,815202261,333202374,0642024RevenueFree cash flow
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Income statement

Fiscal years, in KRW, from Shinhan Financial Group Co's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Revenue———————58.82T KRW61.33T KRW74.06T KRW
Research and development13.4B KRW14.1B KRW14.1B KRW13.9B KRW17.7B KRW20.3B KRW25.3B KRW20.7B KRW21.5B KRW23.9B KRW
Selling, general and admin4.48T KRW4.51T KRW4.81T KRW4.74T KRW5.13T KRW5.21T KRW5.74T KRW5.64T KRW5.90T KRW6.12T KRW
Operating income2.97T KRW3.11T KRW3.83T KRW4.50T KRW5.05T KRW4.93T KRW5.95T KRW5.91T KRW6.10T KRW6.46T KRW
Interest expense4.44T KRW4.03T KRW3.96T KRW4.99T KRW5.97T KRW4.89T KRW3.95T KRW9.50T KRW16.76T KRW17.81T KRW
Pre-tax income3.14T KRW3.17T KRW3.80T KRW4.47T KRW4.91T KRW4.75T KRW5.58T KRW6.37T KRW5.96T KRW6.03T KRW
Income tax694.6B KRW345.6B KRW848.4B KRW1.27T KRW1.27T KRW1.26T KRW1.47T KRW1.61T KRW1.49T KRW1.47T KRW
Net income2.37T KRW2.77T KRW2.92T KRW3.16T KRW3.40T KRW3.41T KRW4.02T KRW4.67T KRW4.37T KRW4.45T KRW
EPS (diluted)——————7,308.00 KRW8,498.00 KRW8,048.00 KRW8,441.00 KRW
Diluted shares474M474M474M474M477M500M534M531M519M506M
Operating margin———————10.0%9.9%8.7%
Net margin———————7.9%7.1%6.0%

Balance sheet

Fiscal years, in KRW, from Shinhan Financial Group Co's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Cash and short-term investments4.61T KRW5.63T KRW6.24T KRW8.18T KRW23.09T KRW26.86T KRW24.59T KRW24.41T KRW30.42T KRW35.25T KRW
Property, plant and equipment3.06T KRW3.15T KRW3.02T KRW3.58T KRW4.08T KRW3.99T KRW4.05T KRW4.01T KRW3.97T KRW4.16T KRW
Goodwill3.87T KRW3.87T KRW3.90T KRW3.90T KRW4.69T KRW4.69T KRW4.67T KRW4.68T KRW4.68T KRW4.67T KRW
Total assets—395.68T KRW426.31T KRW459.60T KRW552.42T KRW605.23T KRW648.15T KRW664.43T KRW691.80T KRW739.76T KRW
Total liabilities—363.94T KRW392.60T KRW422.95T KRW510.49T KRW558.88T KRW598.61T KRW611.01T KRW635.47T KRW680.94T KRW
Shareholders' equity—31.11T KRW32.82T KRW35.73T KRW39.18T KRW44.07T KRW47.29T KRW50.73T KRW53.72T KRW56.05T KRW
Net debt-4.61T KRW-5.63T KRW-6.24T KRW-8.18T KRW-23.09T KRW-26.86T KRW-24.59T KRW-24.41T KRW-30.42T KRW-35.25T KRW

Cash flow

Fiscal years, in KRW, from Shinhan Financial Group Co's 10-K filings with the SEC.

Fiscal year2015201620172018201920202021202220232024
Operating cash flow2.97T KRW3.80T KRW1.02T KRW-6.32T KRW7.18T KRW-1.04T KRW4.20T KRW7.19T KRW529.8B KRW4.63T KRW
Capital spending257.5B KRW341.0B KRW266.4B KRW300.1B KRW589.3B KRW642.1B KRW890.2B KRW943.1B KRW716.2B KRW778.8B KRW
Free cash flow2.71T KRW3.46T KRW754.9B KRW-6.62T KRW6.59T KRW-1.68T KRW3.31T KRW6.25T KRW-186.4B KRW3.85T KRW
Dividends paid546.2B KRW669.1B KRW706.6B KRW714.7B KRW830.8B KRW968.8B KRW1.22T KRW1.54T KRW1.46T KRW1.27T KRW
Share buybacks (net)—0 KRW0 KRW-152.0B KRW-444.1B KRW-150.2B KRW-79M KRW-300.0B KRW-485.9B KRW-700.0B KRW
Free cash flow margin———————10.6%-0.3%5.2%
Dividends per share1,151.75 KRW1,411.02 KRW1,490.02 KRW1,508.93 KRW1,740.40 KRW1,936.36 KRW2,282.11 KRW2,903.80 KRW2,814.62 KRW2,503.10 KRW
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Questions

What was Shinhan Financial Group Co's revenue in 2024?

74.06T KRW in fiscal 2024, from its 10-K filing.

How much free cash flow does Shinhan Financial Group Co generate?

3.85T KRW in fiscal 2024 (operating cash flow minus capital spending).

From Shinhan Financial Group Co's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.