Shinhan Financial Group Co Ltd (SHG) - Net Assets
Based on the latest financial reports, Shinhan Financial Group Co Ltd (SHG) has net assets worth $60.20 Trillion USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($752.69 Trillion) and total liabilities ($692.50 Trillion). 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 SHG cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $60.20 Trillion |
| % of Total Assets | 8.0% |
| Annual Growth Rate | 13.96% |
| 5-Year Change | 26.89% |
| 10-Year Change | 84.92% |
| Growth Volatility | 16.33 |
Shinhan Financial Group Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Shinhan Financial Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Shinhan Financial Group Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Shinhan Financial Group Co Ltd (2001–2024)
The table below shows the annual net assets of Shinhan Financial Group Co Ltd from 2001 to 2024. For live valuation and market cap data, see Shinhan Financial Group Co Ltd (SHG) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $58.82 Trillion | +4.44% |
| 2023-12-31 | $56.32 Trillion | +5.43% |
| 2022-12-31 | $53.42 Trillion | +6.39% |
| 2021-12-31 | $50.22 Trillion | +8.32% |
| 2020-12-31 | $46.36 Trillion | +10.56% |
| 2019-12-31 | $41.93 Trillion | +14.40% |
| 2018-12-31 | $36.65 Trillion | +8.75% |
| 2017-12-31 | $33.70 Trillion | +6.17% |
| 2016-12-31 | $31.74 Trillion | -0.20% |
| 2015-12-31 | $31.81 Trillion | +4.24% |
| 2014-12-31 | $30.51 Trillion | +2.19% |
| 2013-12-31 | $29.86 Trillion | +3.75% |
| 2012-12-31 | $28.78 Trillion | +7.15% |
| 2011-12-31 | $26.86 Trillion | +15.78% |
| 2010-12-31 | $23.20 Trillion | +12.89% |
| 2009-12-31 | $20.55 Trillion | +14.39% |
| 2008-12-31 | $17.96 Trillion | +4.86% |
| 2007-12-31 | $17.13 Trillion | +77.10% |
| 2006-12-31 | $9.67 Trillion | +18.39% |
| 2005-12-31 | $8.17 Trillion | +30.80% |
| 2004-12-31 | $6.25 Trillion | +27.03% |
| 2003-12-31 | $4.92 Trillion | +38.50% |
| 2002-12-31 | $3.55 Trillion | +22.00% |
| 2001-12-31 | $2.91 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shinhan Financial Group Co Ltd'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 6016.1% 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% |
| Common Stock | $2.70 Trillion | 4.81% |
| Other Comprehensive Income | $-1.82 Trillion | -3.25% |
| Other Components | $16.16 Trillion | 28.83% |
| Total Equity | $56.05 Trillion | 100.00% |
Shinhan Financial Group Co Ltd Competitors by Market Cap
The table below lists competitors of Shinhan Financial Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China National Nuclear Power
SHG:601985
|
$27.06 Billion |
|
FirstEnergy Corporation
NYSE:FE
|
$27.10 Billion |
|
China Life Insurance Company Limited
F:CHL
|
$27.14 Billion |
|
Fresenius SE & Co. KGaA
XETRA:FRE
|
$27.16 Billion |
|
Hubbell Inc
NYSE:HUBB
|
$27.03 Billion |
|
EXPERIAN PLC ADR
F:J2BA
|
$27.01 Billion |
|
George Weston Limited
TO:WN
|
$27.01 Billion |
|
Hershey Co
NYSE:HSY
|
$27.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shinhan Financial Group Co Ltd'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.
- Other comprehensive income decreased equity by 749,987,000,000.
- Other factors increased equity by 599,980,000,000.
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 Comprehensive Income | $-749.99 Billion | -1.34% |
| Other Changes | $599.98 Billion | +1.07% |
| Total Change | $- | 4.34% |
Book Value vs Market Value Analysis
This analysis compares Shinhan Financial Group Co Ltd'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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $9249.66 | $68.35 | x |
| 2002-12-31 | $11806.32 | $68.35 | x |
| 2003-12-31 | $14640.76 | $68.35 | x |
| 2004-12-31 | $17426.05 | $68.35 | x |
| 2005-12-31 | $21609.88 | $68.35 | x |
| 2006-12-31 | $24324.93 | $68.35 | x |
| 2007-12-31 | $40586.61 | $68.35 | x |
| 2008-12-31 | $40824.04 | $68.35 | x |
| 2009-12-31 | $42455.50 | $68.35 | x |
| 2010-12-31 | $46479.40 | $68.35 | x |
| 2011-12-31 | $49898.66 | $68.35 | x |
| 2012-12-31 | $55484.35 | $68.35 | x |
| 2013-12-31 | $58082.40 | $68.35 | x |
| 2014-12-31 | $61543.86 | $68.35 | x |
| 2015-12-31 | $65035.12 | $68.35 | x |
| 2016-12-31 | $65604.59 | $68.35 | x |
| 2017-12-31 | $69209.55 | $68.35 | x |
| 2018-12-31 | $75426.37 | $68.35 | x |
| 2019-12-31 | $82074.35 | $68.35 | x |
| 2020-12-31 | $88078.71 | $68.35 | x |
| 2021-12-31 | $89820.57 | $68.35 | x |
| 2022-12-31 | $99712.92 | $68.35 | x |
| 2023-12-31 | $103466.31 | $68.35 | x |
| 2024-12-31 | $110727.41 | $68.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shinhan Financial Group Co Ltd 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: 12.58%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 13.20x
- Recent ROE (7.94%) is below the historical average (9.75%), 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 | 17.04% | 78.48% | 0.01x | 18.94x | $205.00 Billion |
| 2002 | 18.07% | 23.89% | 0.04x | 19.86x | $263.15 Billion |
| 2003 | 6.70% | 7.98% | 0.03x | 33.20x | $-141.92 Billion |
| 2004 | 0.02% | 0.03% | 0.04x | 22.42x | $-616.88 Billion |
| 2005 | 21.26% | 28.16% | 0.04x | 18.97x | $911.15 Billion |
| 2006 | 14.73% | 18.60% | 0.05x | 17.57x | $450.57 Billion |
| 2007 | 11.41% | 19.47% | 0.04x | 13.11x | $238.74 Billion |
| 2008 | 8.39% | 14.31% | 0.04x | 14.78x | $-284.51 Billion |
| 2009 | 5.61% | 10.38% | 0.04x | 12.61x | $-887.97 Billion |
| 2010 | 10.43% | 20.79% | 0.04x | 11.71x | $98.67 Billion |
| 2011 | 13.17% | 32.70% | 0.03x | 11.81x | $774.47 Billion |
| 2012 | 8.83% | 18.42% | 0.04x | 11.43x | $-308.34 Billion |
| 2013 | 6.91% | 15.35% | 0.04x | 11.30x | $-851.46 Billion |
| 2014 | 7.13% | 16.20% | 0.04x | 11.58x | $-837.30 Billion |
| 2015 | 7.68% | 17.66% | 0.04x | 12.02x | $-716.79 Billion |
| 2016 | 8.92% | 20.57% | 0.03x | 12.72x | $-336.19 Billion |
| 2017 | 8.89% | 19.99% | 0.03x | 12.99x | $-364.18 Billion |
| 2018 | 8.84% | 19.87% | 0.03x | 12.86x | $-415.84 Billion |
| 2019 | 8.69% | 12.85% | 0.05x | 14.10x | $-514.30 Billion |
| 2020 | 7.75% | 13.27% | 0.04x | 13.73x | $-992.36 Billion |
| 2021 | 8.38% | 15.61% | 0.04x | 13.38x | $-777.61 Billion |
| 2022 | 9.20% | 18.99% | 0.04x | 13.10x | $-407.54 Billion |
| 2023 | 8.13% | 12.92% | 0.05x | 12.88x | $-1.00 Trillion |
| 2024 | 7.94% | 12.58% | 0.05x | 13.20x | $-1.16 Trillion |
Industry Comparison
This section compares Shinhan Financial Group Co Ltd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shinhan Financial Group Co Ltd (SHG) | $60.20 Trillion | 17.04% | 11.50x | $27.03 Billion |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Shinhan Financial Group Co Ltd
Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and internationally. The company operates in six segments: Commercial Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking an… Read more