SHG

Shinhan Financial Group Co Ltd

NYSE: SHG · FINANCIAL SERVICES · BANKS - REGIONAL

$67.77

+1.66% today

Updated 2026-06-05

Market cap

$31.07B

P/E ratio

10.04

P/S ratio

0.00x

EPS (TTM)

$6.57

Dividend yield

2.84%

52W range

$42 – $72

Volume

0.2M

Market cap

$31.07B

P/E ratio

10.04

P/S ratio

0.00x

EPS (TTM)

$6.57

Dividend yield

2.84%

52W range

$42 – $72

Volume

0.2M

Shinhan Financial Group Co Ltd (SHG) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

SHG · Shinhan Financial Group Co Ltd · Price target summary

Current

$67.77

Consensus

$64.00

-5.56%

2030 Target

$509.71

+652.12%

DCF

—

Current price

$67.77

Analyst consensus

$64.00

-5.56%

2030 Target

$509.71

+652.12%

Intrinsic (DCF)

—

12 analysts:

7 Buy4 Hold1 Sell

Management guidance

No specific revenue targets or growth guidance found in available materials. Most recent guidance focuses on 2025 results approval and 2026 Corporate Value-up Plan announcement (details pending board resolution). Company emphasizes shareholder returns with KRW 2,590 per share dividend and inclusive finance initiatives.

Sources: Management guidance, analyst consensus, sector analysismedium confidence

SHG · Shinhan Financial Group Co Ltd · Revenue & price projection · 2023–2030E

Actual revenue Projected revenue Base case Bull to bear range

Bear case (2030)

$341.88

$21.2B Rev × 8x P/S

Base case (2030)

$509.71

$21.2B Rev × 12x P/S

Bull case (2030)

$851.59

$21.2B Rev × 20x P/S

WallStSmart.com

Financial forecast — research-backed

Metric	2025	2026 (E)	2027 (E)	2029 (E)	2030 (E)
Revenue	$34685.2B	$16.9B	$18.0B	$20.2B	$21.2B
Revenue growth	-2.0%	7.7%	6.5%	5.5%	5.3%
EPS	$9.10	$7.15	$7.65	$8.70	$9.25
P/S ratio	—	12.0x	12.0x	12.0x	12.0x
Implied price	—	$410.26	$435.12	$484.85	$509.71

SHG · Shinhan Financial Group Co Ltd · Catalysts & risks

Growth catalysts

+ 2026 Corporate Value-up Plan release and execution

+ Korean regulatory Value-up initiatives and capital optimization

+ Jeju Bank stake optimization (64.04% ownership) and profitability enhancement

+ Productive finance expansion targeting K-beauty and high-growth sectors

+ AI and digital banking infrastructure investments returning to revenue growth

Key risks

- South Korean macroeconomic volatility, currency pressures, and foreign capital outflows

- Regulatory capital requirements and Basel III compliance constraints on growth

- Potential net interest margin compression in low-rate environment

- Rising leverage (Debt/Eq 2.90) and cash flow volatility limiting flexibility

- Q4 2025 revenue growth deceleration (7.59% YoY vs historical 9.1% 5Y CAGR) suggests normalization

Methodology

Shinhan Financial Group Co Ltd's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.