WallStSmart

ICICI Bank Limited (IBN)vsShinhan Financial Group Co Ltd (SHG)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shinhan Financial Group Co Ltd generates 717% more annual revenue ($15.72T vs $1.92T). SHG leads profitability with a 31.6% profit margin vs 27.5%. IBN appears more attractively valued with a PEG of 0.53. SHG earns a higher WallStSmart Score of 76/100 (B+).

IBN

Strong Buy

69

out of 100

Grade: B-

Growth: 5.3Profit: 8.0Value: 7.3Quality: 5.0

SHG

Strong Buy

76

out of 100

Grade: B+

Growth: 8.7Profit: 7.5Value: 7.3Quality: 4.5
Piotroski: 5/9Altman Z: -0.30
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

IBNSignificantly Overvalued (-191.4%)

Margin of Safety

-191.4%

Fair Value

$10.68

Current Price

$26.31

$15.63 premium

UndervaluedFair: $10.68Overvalued
SHGUndervalued (+77.6%)

Margin of Safety

+77.6%

Fair Value

$304.67

Current Price

$61.74

$242.93 discount

UndervaluedFair: $304.67Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IBN5 strengths · Avg: 8.8/10
Operating MarginProfitability
34.0%10/10

Strong operational efficiency at 34.0%

Market CapQuality
$95.10B9/10

Large-cap with strong market position

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

PEG RatioValuation
0.538/10

Growing faster than its price suggests

P/E RatioValuation
16.6x8/10

Attractively priced relative to earnings

SHG6 strengths · Avg: 9.3/10
P/E RatioValuation
9.4x10/10

Attractively priced relative to earnings

Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Profit MarginProfitability
31.6%10/10

Keeps 32 of every $100 in revenue as profit

Operating MarginProfitability
36.7%10/10

Strong operational efficiency at 36.7%

Revenue GrowthGrowth
21.6%8/10

Revenue surging 21.6% year-over-year

EPS GrowthGrowth
35.0%8/10

Earnings expanding 35.0% YoY

Areas to Watch

IBN2 concerns · Avg: 3.0/10
Revenue GrowthGrowth
3.0%4/10

3.0% revenue growth

EPS GrowthGrowth
-3.7%2/10

Earnings declined 3.7%

SHG3 concerns · Avg: 2.0/10
PEG RatioValuation
5.102/10

Expensive relative to growth rate

Free Cash FlowQuality
$-8.35T2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
-0.302/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : IBN

The strongest argument for IBN centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 27.5% and operating margin at 34.0%. PEG of 0.53 suggests the stock is reasonably priced for its growth.

Bull Case : SHG

The strongest argument for SHG centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 31.6% and operating margin at 36.7%. Revenue growth of 21.6% demonstrates continued momentum.

Bear Case : IBN

The primary concerns for IBN are Revenue Growth, EPS Growth.

Bear Case : SHG

The primary concerns for SHG are PEG Ratio, Free Cash Flow, Altman Z-Score.

Key Dynamics to Monitor

IBN profiles as a value stock while SHG is a growth play — different risk/reward profiles.

SHG carries more volatility with a beta of 0.71 — expect wider price swings.

SHG is growing revenue faster at 21.6% — sustainability is the question.

Monitor BANKS - REGIONAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SHG scores higher overall (76/100 vs 69/100), backed by strong 31.6% margins and 21.6% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

ICICI Bank Limited

FINANCIAL SERVICES · BANKS - REGIONAL · USA

ICICI Bank Limited offers various banking products and financial services in India and internationally. The company is headquartered in Mumbai, India.

Visit Website →

Shinhan Financial Group Co Ltd

FINANCIAL SERVICES · BANKS - REGIONAL · China

Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and internationally. The company is headquartered in Seoul, South Korea.

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