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Shinhan Financial Group Co Ltd (SHG) Financials

SHG
FY2010 annual
Revenue $10.6B +13.0% YoY
Net Income $2.5B +158.2% YoY
EPS (Diluted) $4.73 +183.2% YoY
Free Cash Flow $5.4B +372.2% YoY
Market Cap $32.7B as of Oct 20, 2026
Price / Sales 3.1x on $10.6B revenue, FY2010
Price / Earnings 13.0x on $2.5B net income, FY2010
Price / Book 1.6x on $20.2B equity, Q4 FY2010

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 20, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2010, ended Dec 31, 2010 Reported Currency USD FYE December

Newest figures come from the 10-K for FY2010, filed Jul 15, 2011. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SHG SEC filings page.

Shinhan Financial Group Co Ltd (SHG) reported $10.6B in revenue for fiscal year 2010, up 13.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SHG FY2010

Shinhan’s liability-funded financial group strengthened earnings and reported cash generation sharply in FY2010.

In FY2010, reported operating cash flow of $5.7B was more than twice net income of $2.5B, indicating accounting earnings were accompanied by substantial reported cash generation. Free cash flow reached $5.4B against only $250M of capital expenditure, so the cash result was not being consumed by heavy fixed-asset reinvestment.

Net profit margin rose from 10.4% in FY2009 to 23.8% in FY2010. Because revenue increased only 13.0% while net income more than doubled, the main change was a substantial improvement in earnings conversion rather than scale alone.

Debt-to-equity eased from 2.2x to 2.0x between FY2009 and FY2010, while liabilities still dominated the funding structure. That modest deleveraging occurred alongside ROE rising from 5.6% to 12.5%, linking better shareholder returns to stronger earnings and a slightly less stretched capital base.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Shinhan Financial Group Co Ltd does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
7/7

Shinhan Financial Group Co Ltd passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.25x

For every $1 of reported earnings, Shinhan Financial Group Co Ltd generates $2.25 in operating cash flow ($5.7B OCF vs $2.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2010.

Cash & Balance Sheet

Cash & Debt
$5.0B
YoY+30.4%
QoQ+30.4%

Shinhan Financial Group Co Ltd held $5.0B in cash against $41.1B in long-term debt as of Q4 2010.

Shares Outstanding
474M
YoY0.0%
QoQ0.0%

Shinhan Financial Group Co Ltd had 474M shares outstanding in Q4 2010. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q4 2010.

Dividends Per Share

Not reported for Q4 2010.

Margins & Returns

None of these metrics is reported for Q4 2010.

Capital Allocation

None of these metrics is reported for Q4 2010.

SHG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SHG quarterly income statement
MetricQ4'1010-KQ4'0910-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

SHG Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SHG quarterly balance sheet
MetricQ4'1010-KQ4'0910-K
Total Assets$238.8B+9.0%$219.1B
Cash & Equivalents$5.0B+30.4%$3.9B
Short-Term Investments$0$0
Long-Term Investments$0$0
Goodwill$3.4B+2.9%$3.3B
Total Liabilities$218.3B+8.4%$201.4B
Long-Term Debt$41.1B+6.8%$38.5B
Total Equity$20.2B+16.0%$17.4B
Retained Earnings$9.8B+31.7%$7.4B

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

SHG Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SHG quarterly cash flow statement
MetricQ4'1010-KQ4'0910-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

SHG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SHG quarterly financial ratios
MetricQ4'1010-KQ4'0910-K
Debt-to-Equity2.04-0.2x2.22

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Current Ratio, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Shinhan Financial Group Co Ltd SHG FY2010 $10.6B $2.5B 23.8% $32.7B —
Huntington Bancshares Inc HBAN FY2025 $8.2B $2.2B 27.1% $30.8B 44/100
Regions Financial Corp. RF FY2025 $7.5B $2.2B 28.6% $23.2B 56/100
First Citizens BancShares Inc FCNCA FY2025 $9.5B $2.2B 23.1% $23.7B 42/100
Citizens Financial Group, Inc. CFG FY2025 $8.2B $1.8B 22.2% $26.4B 38/100

Frequently Asked Questions

What is Shinhan Financial Group Co Ltd's annual revenue?

Shinhan Financial Group Co Ltd (SHG) reported $10.6B in total revenue for fiscal year 2010. This represents a 13.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Shinhan Financial Group Co Ltd's revenue growing?

Shinhan Financial Group Co Ltd (SHG) revenue grew by 13.0% year-over-year, from $9.4B to $10.6B in fiscal year 2010.

Is Shinhan Financial Group Co Ltd profitable?

Yes, Shinhan Financial Group Co Ltd (SHG) reported a net income of $2.5B in fiscal year 2010, with a net profit margin of 23.8%.

Shinhan Financial Group Co Ltd (SHG) reported diluted earnings per share of $4.73 for fiscal year 2010. This represents a 183.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2010, Shinhan Financial Group Co Ltd (SHG) had $5.0B in cash and equivalents against $41.1B in long-term debt.

Shinhan Financial Group Co Ltd (SHG) had a net profit margin of 23.8% in fiscal year 2010, representing the share of revenue converted into profit after all expenses.

Shinhan Financial Group Co Ltd (SHG) has a return on equity of 12.5% for fiscal year 2010, measuring how efficiently the company generates profit from shareholder equity.

Shinhan Financial Group Co Ltd (SHG) generated $5.4B in free cash flow during fiscal year 2010. This represents a 372.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Shinhan Financial Group Co Ltd (SHG) generated $5.7B in operating cash flow during fiscal year 2010, representing cash generated from core business activities.

Shinhan Financial Group Co Ltd (SHG) had $238.8B in total assets as of fiscal year 2010, including both current and long-term assets.

Shinhan Financial Group Co Ltd (SHG) invested $250.4M in capital expenditures during fiscal year 2010, funding long-term assets and infrastructure.

Shinhan Financial Group Co Ltd (SHG) had 474M shares outstanding as of fiscal year 2010.

Shinhan Financial Group Co Ltd (SHG) had a debt-to-equity ratio of 2.04 as of fiscal year 2010, measuring the company's financial leverage by comparing total debt to shareholder equity.

Shinhan Financial Group Co Ltd (SHG) had a return on assets of 1.1% for fiscal year 2010, measuring how efficiently the company uses its assets to generate profit.

Shinhan Financial Group Co Ltd (SHG) trades at 13.0x earnings, its market capitalization divided by net income of $2.5B net income, FY2010. The market capitalization is $32.7B as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Shinhan Financial Group Co Ltd (SHG) trades at 3.1x sales, its market capitalization divided by revenue of $10.6B revenue, FY2010. The market capitalization is $32.7B as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Shinhan Financial Group Co Ltd (SHG) has a Piotroski F-Score of 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Shinhan Financial Group Co Ltd (SHG) has an earnings quality ratio of 2.25x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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