Shinhan Financial Group
Through the investors’ lenses
2 of 2 cleared3 of 3 criteria
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 2/2
| Measure | SHG | Checked against | |
|---|---|---|---|
| Owner earnings | $2.80bn | positive | ✓ |
| Return on equity | 12.5% | US median 2.8% | ✓ |
| Debt to equity | — | US median 0.57x | — |
| Operating margin | — | US median 3.1% | — |
Passes 2 of 2. These are the measures Warren Buffett published, applied to Shinhan Financial Group’s own figures — their criteria, not their view of this company. What he looks at, and why →
Peter Lynch 1/1
| Measure | SHG | Checked against | |
|---|---|---|---|
| Debt to equity | — | US median 0.57x | — |
| Net margin | 21.8% | US median 2.0% | ✓ |
Passes 1 of 1. These are the measures Peter Lynch published, applied to Shinhan Financial Group’s own figures — their criteria, not their view of this company. What he looks at, and why →
Last usable year: 2010-12-31 — 190 months ago. Nothing filed since gives the figures a payout ratio needs. For a company that once paid, that usually means it stopped.
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | 16.1% | whyThe figure most screeners publish. |
Only one basis is shown, and that is the point. Operating and free cash flow swing with loan, deposit and reserve movements, so for a lender or insurer neither says anything about whether the dividend is affordable. Investment income is omitted for a second reason: insurers file it under the same tag a BDC uses, but it means investment income on float rather than the money that funds the distribution. Screeners that publish these for a bank are printing arithmetic, not information — and a wide gap between them is noise, not a finding.
Coverage rating 77 / 100 — Adequate. ? Peer standing 42/50Direction 25/30Stability 10/20
GAAP earnings payout, last 2 years
| Fiscal year | Payout |
|---|---|
| 2010-12-31 | 16.1% |
| 2009-12-31 | 24.9% |
Among the 58 banks & insurers companies here, 84% pay out a larger share on this basis — this is comfortable for the sector.
The arithmetic
- GAAP earnings — dividends declared per share $0.760 ÷ diluted EPS $4.73
Where the figures came from
- 20-F/A filed 2011-07-15 · accession
0001193125-11-188821
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Caveats on this company
- ebitda built from net income (no operating income reported)
- DPS derived from dividends paid ($0.76); no per-share tag filed
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the GAAP earnings payout ratio measures, and where every company here sits on it.
Also on: rated adequate · when it files.
Who else looks like this
Every figure above is computed from Shinhan Financial Group’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.
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