Shinhan Financial Group (055550) - Net Assets

Latest as of September 2025: ₩60.58 Trillion KRW ≈ $41.05 Billion USD

Based on the latest financial reports, Shinhan Financial Group (055550) has net assets worth ₩60.58 Trillion KRW (≈ $41.05 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩782.94 Trillion ≈ $530.59 Billion USD) and total liabilities (₩722.36 Trillion ≈ $489.53 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Shinhan Financial Group liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩60.58 Trillion
% of Total Assets	7.74%
Annual Growth Rate	13.06%
5-Year Change	26.89%
10-Year Change	84.9%
Growth Volatility	17.82

Shinhan Financial Group - Net Assets Trend (2000–2024)

This chart illustrates how Shinhan Financial Group's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Shinhan Financial Group for the complete picture of this company's asset base.

Annual Net Assets for Shinhan Financial Group (2000–2024)

The table below shows the annual net assets of Shinhan Financial Group from 2000 to 2024. For live valuation and market cap data, see 055550 market cap.

Year	Net Assets	Change
2024-12-31	₩58.82 Trillion ≈ $39.86 Billion	+4.44%
2023-12-31	₩56.32 Trillion ≈ $38.17 Billion	+10.15%
2022-12-31	₩51.13 Trillion ≈ $34.65 Billion	+3.21%
2021-12-31	₩49.54 Trillion ≈ $33.57 Billion	+6.86%
2020-12-31	₩46.36 Trillion ≈ $31.42 Billion	+10.56%
2019-12-31	₩41.93 Trillion ≈ $28.42 Billion	+14.40%
2018-12-31	₩36.65 Trillion ≈ $24.84 Billion	+8.75%
2017-12-31	₩33.70 Trillion ≈ $22.84 Billion	+6.17%
2016-12-31	₩31.74 Trillion ≈ $21.51 Billion	-0.21%
2015-12-31	₩31.81 Trillion ≈ $21.56 Billion	+4.25%
2014-12-31	₩30.51 Trillion ≈ $20.68 Billion	+2.19%
2013-12-31	₩29.86 Trillion ≈ $20.24 Billion	+3.75%
2012-12-31	₩28.78 Trillion ≈ $19.50 Billion	+7.15%
2011-12-31	₩26.86 Trillion ≈ $18.20 Billion	+15.78%
2010-12-31	₩23.20 Trillion ≈ $15.72 Billion	+9.82%
2009-12-31	₩21.12 Trillion ≈ $14.31 Billion	+17.66%
2008-12-31	₩17.95 Trillion ≈ $12.17 Billion	-1.22%
2007-12-31	₩18.17 Trillion ≈ $12.32 Billion	+57.87%
2006-12-31	₩11.51 Trillion ≈ $7.80 Billion	+15.11%
2005-12-31	₩10.00 Trillion ≈ $6.78 Billion	+21.84%
2004-12-31	₩8.21 Trillion ≈ $5.56 Billion	+30.74%
2003-12-31	₩6.28 Trillion ≈ $4.26 Billion	+76.84%
2002-12-31	₩3.55 Trillion ≈ $2.41 Billion	+14.07%
2001-12-31	₩3.11 Trillion ≈ $2.11 Billion	+0.78%
2000-12-31	₩3.09 Trillion ≈ $2.09 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Shinhan Financial Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 3902058000000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩39.02 Trillion	69.61%
Other Components	₩17.03 Trillion	30.39%
Total Equity	₩56.05 Trillion	100.00%

Shinhan Financial Group Competitors by Market Cap

The table below lists competitors of Shinhan Financial Group ranked by their market capitalization.

Company	Market Cap
M&T Bank Corporation NYSE:MTB	$32.14 Billion
Kenvue Inc. NYSE:KVUE	$32.24 Billion
Experian plc F:J2B	$32.27 Billion
Avenue Supermarts Limited NSE:DMART	$32.27 Billion
Power Corporation Of Canada TO:POW	$32.10 Billion
Coal India Limited NSE:COALINDIA	$32.09 Billion
Bank of Ningbo Co Ltd SHE:002142	$32.08 Billion
Orix Corp Ads F:OIXA	$32.07 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shinhan Financial Group's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 53,720,537,000,000 to 56,053,756,000,000, a change of 2,333,219,000,000 (4.3%).
Net income of 4,450,177,000,000 contributed positively to equity growth.
Dividend payments of 1,267,146,000,000 reduced retained earnings.
Share repurchases of 700,102,000,000 reduced equity.
New share issuances of 297,000,000 increased equity.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩4.45 Trillion	+7.94%
Dividends Paid	₩1.27 Trillion	-2.26%
Share Repurchases	₩700.10 Billion	-1.25%
Share Issuances	₩297.00 Million	+0.0%
Other Changes	₩-150.01 Billion	-0.27%
Total Change	₩-	4.34%

Book Value vs Market Value Analysis

This analysis compares Shinhan Financial Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.89x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 1.44x to 0.89x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	₩69209.55	₩99900.00	x
2018-12-31	₩75922.97	₩99900.00	x
2019-12-31	₩85110.70	₩99900.00	x
2020-12-31	₩85423.56	₩99900.00	x
2021-12-31	₩91544.27	₩99900.00	x
2022-12-31	₩95205.88	₩99900.00	x
2023-12-31	₩104768.82	₩99900.00	x
2024-12-31	₩112363.75	₩99900.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shinhan Financial Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 7.94%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 24.90%
• Asset Turnover: 0.02x
• Equity Multiplier: 13.20x
Recent ROE (7.94%) is below the historical average (9.83%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	7.09%	9.02%	0.04x	18.10x	₩-90.50 Billion
2002	18.46%	13.44%	0.07x	19.86x	₩275.90 Billion
2003	4.91%	4.77%	0.04x	23.94x	₩-290.02 Billion
2004	17.51%	16.79%	0.06x	17.62x	₩611.62 Billion
2005	17.44%	19.65%	0.06x	15.63x	₩738.48 Billion
2006	15.64%	16.79%	0.06x	15.64x	₩641.32 Billion
2007	11.84%	13.91%	0.07x	12.29x	₩331.06 Billion
2008	10.05%	10.62%	0.06x	15.00x	₩8.90 Billion
2009	5.05%	7.44%	0.06x	12.30x	₩-1.03 Trillion
2010	9.45%	14.03%	0.06x	11.71x	₩-123.91 Billion
2011	11.57%	17.60%	0.06x	11.81x	₩383.91 Billion
2012	8.45%	14.26%	0.05x	11.43x	₩-409.12 Billion
2013	6.57%	12.23%	0.05x	11.30x	₩-943.34 Billion
2014	6.82%	14.38%	0.04x	11.58x	₩-929.18 Billion
2015	7.74%	29.66%	0.02x	12.12x	₩-689.39 Billion
2016	8.92%	20.56%	0.03x	12.72x	₩-336.19 Billion
2017	8.89%	19.99%	0.03x	12.99x	₩-364.18 Billion
2018	8.84%	19.86%	0.03x	12.86x	₩-415.84 Billion
2019	8.69%	16.57%	0.04x	14.10x	₩-514.30 Billion
2020	7.75%	16.37%	0.03x	13.73x	₩-992.36 Billion
2021	8.50%	18.39%	0.03x	13.71x	₩-709.86 Billion
2022	9.58%	20.54%	0.03x	13.95x	₩-201.87 Billion
2023	8.13%	24.68%	0.03x	12.88x	₩-1.00 Trillion
2024	7.94%	24.90%	0.02x	13.20x	₩-1.16 Trillion

Industry Comparison

This section compares Shinhan Financial Group's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $14,219,996,953,192
Average return on equity (ROE) among peers: 6.08%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shinhan Financial Group (055550)	₩60.58 Trillion	7.09%	11.92x	$32.13 Billion
Jeju Bank (006220)	$213.49 Billion	6.01%	12.85x	$323.27 Million
Industrial Bank Of Korea (024110)	$5.07 Trillion	6.06%	10.83x	$12.21 Billion
Hana Financial (086790)	$23.39 Trillion	5.98%	13.89x	$23.75 Billion
KB Financial Group (105560)	$39.24 Trillion	1.38%	0.15x	$39.00 Billion
BNK Financial Group Inc (138930)	$10.67 Trillion	5.99%	12.66x	$3.96 Billion
Dgb Financial (139130)	$5.43 Trillion	6.03%	12.34x	$2.08 Billion
Jb Financial (175330)	$4.03 Trillion	9.02%	12.25x	$3.52 Billion
Woori Financial Group Inc (316140)	$33.40 Trillion	7.50%	13.91x	$16.52 Billion
KakaoBank Corp (323410)	$6.54 Trillion	6.73%	8.60x	$7.86 Billion

About Shinhan Financial Group

KO:055550 Korea Banks - Regional

Market Cap

$32.13 Billion

₩47.42 Trillion KRW

Market Cap Rank

#824 Global

#15 in Korea

Share Price

₩99900.00

Change (1 day)

-0.10%

52-Week Range

₩50700.00 - ₩106000.00

All Time High

₩106000.00