SHG
Shinhan Financial Group Co. Ltd. Financial Services - Banking Investor Relations →
Shinhan Financial Group Co. Ltd. (SHG) closed at $68.35 as of 2026-05-01, trading 93.6% above its 200-week moving average of $35.31. The stock moved further from the line this week, up from 89.2% last week. The 14-week RSI sits at 62, indicating neutral momentum.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.69 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 1132 weeks of data, SHG has crossed below its 200-week moving average 21 times. On average, these episodes lasted 26 weeks. The average one-year return after crossing below was -2.8%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $34.1 billion, SHG is a large-cap stock. The stock trades at 0.9x book value.
The company has been aggressively buying back shares, reducing its share count by 6.2% over the past three years.
Over the past 21.8 years, a hypothetical investment of $100 in SHG would have grown to $477, compared to $968 for the S&P 500. SHG has returned 7.5% annualized vs 11.0% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 13.3% compound annual rate, with 2 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: SHG vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After SHG Crosses Below the Line?
Across 21 historical episodes, buying SHG when it crossed below its 200-week moving average produced an average return of +0.1% after 12 months (median -3.0%), compared to +10.4% for the S&P 500 over the same periods. 38% of those episodes were profitable after one year. After 24 months, the average return was +9.4% vs +29.7% for the index.
Each line shows $100 invested at the moment SHG crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
SHG has crossed below its 200-week MA 21 times with an average 1-year return of +-2.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 2008 | Jul 2008 | 1 | 3.8% | -28.5% | +100.5% |
| Sep 2008 | Apr 2010 | 84 | 70.6% | -11.6% | +101.7% |
| Apr 2010 | Dec 2010 | 32 | 17.7% | +14.0% | +93.1% |
| Sep 2011 | Oct 2011 | 7 | 19.7% | -13.6% | +119.9% |
| Nov 2011 | Jan 2012 | 10 | 13.0% | -9.9% | +127.9% |
| Apr 2012 | Jan 2013 | 39 | 13.6% | -8.7% | +127.6% |
| Feb 2013 | Feb 2013 | 2 | 2.8% | +12.7% | +124.7% |
| Mar 2013 | Sep 2013 | 25 | 17.8% | +12.3% | +128.7% |
| Dec 2014 | Jan 2015 | 1 | 0.3% | -15.1% | +107.8% |
| Feb 2015 | Apr 2015 | 10 | 7.2% | -17.0% | +110.1% |
| May 2015 | Dec 2016 | 80 | 22.0% | -9.2% | +120.9% |
| Dec 2016 | Jan 2017 | 3 | 3.1% | +23.3% | +118.4% |
| Jun 2018 | Sep 2018 | 14 | 5.8% | -4.5% | +106.9% |
| Oct 2018 | Apr 2019 | 25 | 11.1% | -7.4% | +114.0% |
| Apr 2019 | May 2021 | 106 | 53.3% | -41.3% | +117.1% |
| Jul 2021 | Feb 2022 | 31 | 12.2% | -16.2% | +142.9% |
| Feb 2022 | May 2022 | 10 | 10.8% | -6.5% | +148.3% |
| May 2022 | May 2022 | 1 | 0.7% | -13.7% | +150.9% |
| Jun 2022 | Jan 2023 | 30 | 26.8% | -8.5% | +153.3% |
| Feb 2023 | Sep 2023 | 29 | 13.3% | +16.5% | +165.5% |
| Sep 2023 | Nov 2023 | 7 | 7.2% | +74.7% | +185.4% |
| Average | 26 | — | +-2.8% | — |
Frequently Asked Questions
Is SHG below its 200-week moving average?
No. Shinhan Financial Group Co. Ltd. (SHG) is currently 93.6% above its 200-week moving average of $35.31. It would need to fall to $35.31 to cross below the line.
What is SHG's 200-week moving average price?
Shinhan Financial Group Co. Ltd.'s 200-week moving average is $35.31 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when SHG drops below its 200-week moving average?
SHG has crossed below its 200-week moving average 21 times in our data. The average one-year return after these crossings was -2.8%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 26 weeks on average.
Is SHG a good value right now?
Here's what our data says about SHG as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 62. Price-to-book is 0.9x. This is not a buy or sell recommendation — always do your own research.
How does SHG compare to the S&P 500?
Over the past 21.8 years, $100 invested in SHG would have grown to $477, compared to $968 for the S&P 500. That's 7.5% annualized vs 11.0% for the index. SHG has underperformed the broader market over this period.
Does SHG pay a dividend?
Yes. Shinhan Financial Group Co. Ltd. currently pays a dividend yield of 263.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-05-01