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Shinhan Financial Group Co., Ltd. (SHG)

26.55   -0.63 (-2.32%) 03-24 16:00
Open: 26.2 Pre. Close: 27.18
High: 26.55 Low: 25.81
Volume: 270,450 Market Cap: 13,508(M)

Technical analysis

as of: 2023-03-24 4:29:46 PM
Overall:       
Stoxline posted a NEUTRAL today, downgraded from higher rating. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 33.18     One year: 35.21
Support: Support1: 25.59    Support2: 21.29
Resistance: Resistance1: 28.4    Resistance2: 30.14
Pivot: 26.99
Moving Average: MA(5): 26.86     MA(20): 27.51
MA(100): 29.55     MA(250): 29.15
MACD: MACD(12,26): -1.1     Signal(9): -1.2
Stochastic oscillator: %K(14,3): 40.7     %D(3): 38
RSI: RSI(14): 37.2
52-week: High: 36.63  Low: 22.97
Average Vol(K): 3-Month: 147 (K)  10-Days: 272 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ SHG ] has closed above bottom band by 34.1%. Bollinger Bands are 36.3% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 26.59 - 26.72 26.72 - 26.83
Low: 25.5 - 25.64 25.64 - 25.76
Close: 26.34 - 26.56 26.56 - 26.75

Company Description

Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Life 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 and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services. The company also provides corporate banking services, such as investment banking, real estate financing, overseas real estate and development project financing, infrastructure and structured financing, equity/venture investments, mergers and acquisitions consulting; securitization and derivatives services comprising securities and derivative products, and foreign exchange trading; and working capital loans and facilities loans. In addition, it is involved in treasury and investment activities in international capital markets consisting of foreign currency-denominated securities trading, foreign exchange trading and services, trade-related financial services, international factoring services, and foreign banking operations. Further, the company offers trust account management, securities brokerage, and asset management services, as well as leasing and equipment financing, savings banking, loan collection and credit reporting, collective investment administration, private equity investment, and financial system development services. As of December 31, 2021, it operated a network of 784 service centers; 5,234 ATMs; 7 cash dispensers; and 85 digital kiosks. Shinhan Financial Group Co., Ltd. was founded in 1982 and is headquartered in Seoul, South Korea.

Headline News

Fri, 24 Mar 2023
Should You Buy Shinhan Financial Group Co Ltd (SHG) Stock on Friday? - InvestorsObserver

Tue, 14 Mar 2023
Credit Suisse Group CEO Outlines IPO Timeline for First Boston - Best Stocks

Tue, 14 Mar 2023
Validea Joseph Piotroski Strategy Daily Upgrade Report - 3/14/2023 - Nasdaq

Tue, 07 Mar 2023
Shinhan Financial Group is Now Oversold (SHG) - Nasdaq

Sun, 05 Mar 2023
Shinhan Financial Group Co., Ltd. is purchased by Ethic Inc. for ... - Best Stocks

Mon, 27 Feb 2023
12 Top Dividend Stocks To Buy In The Current Market Environment - Seeking Alpha

Financial Analysis

Price to Book Value: Neutral
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Financial Services
Industry:  Banks—Regional
Shares Out. 0 (M)
Shares Float 509 (M)
% Held by Insiders 4.5854e+008 (%)
% Held by Institutions 0 (%)
Shares Short 402 (K)
Shares Short P.Month 0 (K)

Stock Financials

EPS 6.51
EPS Est Next Qtl 0
EPS Est This Year 4.57
EPS Est Next Year 4.76
Book Value (p.s.) 92
Profit Margin (%) 18
Operating Margin (%) 26.7
Return on Assets (ttm) 0.7
Return on Equity (ttm) 9.3
Qtrly Rev. Growth 10
Gross Profit (p.s.) 39.49
Sales Per Share 39.49
EBITDA (p.s.) 0
Qtrly Earnings Growth -32.5
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)

Stock Valuations

PE Ratio 4.07
PEG Ratio 0.3
Price to Book value 0.28
Price to Sales 0.67
Price to Cash Flow 0.39

Stock Dividends

Dividend 0
Forward Dividend 348510
Dividend Yield 0%
Dividend Pay Date 2017-04-16
Ex-Dividend Date 2021-09-28
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