SHINHAN FINANCIAL GROUP CO LTD financial statements
Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data SHINHAN FINANCIAL GROUP CO LTD files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2009
FY2010
General and administrative
746
918
Interest expense
6,339
6,059
Pre-tax income
1,347
3,006
Income tax
364
510
Net income to minority interests
8.31
-20
Net income
974
2,516
EPS, basic
1.68
4.84
EPS, diluted
1.67
4.73
Shares, basic (weighted)
462
474
Shares, diluted (weighted)
476
489
Balance sheet
FY2009
FY2010
Cash and equivalents
3,859
5,032
Property, plant and equipment
2,094
2,094
Goodwill
3,270
3,366
Intangible assets
1,088
868
Total assets
219,061
238,840
Short-term debt
8,349
7,139
Total liabilities
201,401
218,313
Total debt
38,495
41,125
Paid-in capital
6,907
7,109
Retained earnings
7,409
9,758
Treasury stock
0
Other comprehensive income
833
1,005
Shareholders' equity
17,375
20,162
Minority interests
285
365
Total equity
18,176
20,527
Total liabilities and equity
219,061
238,840
Shares outstanding
474
474
Cash flow statement
FY2009
FY2010
Net income
983
2,496
Depreciation and amortization
613
535
Cash from operations
1,473
5,655
Capital expenditures
-328
-250
Acquisitions
11.7
Sales and maturities of investments
10,615
11,726
Cash from investing
-6,433
-9,788
Debt issued
13,867
13,939
Debt repaid
-14,756
-12,220
Stock issued
1,096
Dividends paid
-198
-372
Cash from financing
8,433
5,393
Exchange rate effect
-896
-86.9
Net change in cash
2,577
1,173
Free cash flow
1,145
5,405
Interest paid
6,949
6,035
Income taxes paid
602
615
Key metrics
Worked out from the statements above. Latest values use fiscal 2010. Valuation uses the share price of $80.95 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Effective tax rate
17.0%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
13.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
1.1%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
158.2%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
183.2%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
283.9%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
372.2%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
16.0%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
9.0%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
2.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Debt / equity
2.04x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
17.2%
Total debt / total assets.
Liabilities / assets
91.4%
Total liabilities / total assets.
Net debt
$36.09B
Total debt - cash - short-term investments. Negative means more cash than debt.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
4.4%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$4.73
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$4.84
Net income per basic share, as reported (split-adjusted).
FCF per share
$11.05
Free cash flow / diluted weighted shares.
Operating cash flow per share
$11.57
Cash from operations / diluted weighted shares.
Book value per share
$42.52
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Dividends / FCF
6.9%
Dividends paid / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$38.42B
Share price x shares outstanding.
Enterprise value
$74.52B
Market cap + total debt - cash - short-term investments.
P/E
15.3x
Market cap / net income. Only when net income is positive.
P/B
1.91x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.41x
Market cap / tangible book value, when positive.
P/FCF
7.11x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
6.79x
Market cap / cash from operations, when positive.
EV/FCF
13.8x
Enterprise value / free cash flow, when both are positive.
FCF yield
14.1%
Free cash flow / market cap.
Earnings yield
6.5%
Net income / market cap (the inverse of P/E).
Dividend yield
1.0%
Dividends paid over the period / market cap.
Shareholder yield
1.0%
(Dividends paid + share buybacks) / market cap.
Was SHINHAN FINANCIAL GROUP CO LTD profitable in fiscal 2010?
Yes. Net income was $2.52B, a net margin of -.
How much free cash flow did SHINHAN FINANCIAL GROUP CO LTD generate in fiscal 2010?
Cash from operations of $5.66B minus capital expenditures of $250.4M left free cash flow of $5.40B.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.