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Woori Finance Holdings Co
(NYSE:WF)
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Rating:62Neutral
Price Target:
$64.00
â–²(11.95% Upside)
Action:Reiterated
Date:06/23/26
Overall score reflects solid-but-mixed fundamentals: profitability and improved recent cash generation are tempered by a sharp TTM revenue decline and elevated leverage. Technicals are currently weak (below key moving averages with negative MACD), offset by attractive valuation (low P/E and strong dividend yield) and a generally constructive earnings call featuring stronger capital levels and shareholder returns despite notable one-offs and cost/credit headwinds.
Positive Factors
Capital Strength (CET1)
A record CET1 (~13.6%, ~13.0% excluding revaluation) provides a durable buffer to absorb loan losses, support strategic capital injections (securities rights offering) and M&A, and underpins management's target CET1 range (~13–13.2%). Strong regulatory capital increases strategic optionality and resilience over coming quarters.
Negative Factors
Elevated Leverage
A debt-to-equity near 2.7x is high for a regional financial group, constraining balance-sheet flexibility and making capital ratios sensitive to asset-quality or market shocks. Elevated leverage raises refinancing and funding risks and limits room to absorb higher credit costs or pursue large inorganic opportunities without dilutive capital actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Capital Strength (CET1)
A record CET1 (~13.6%, ~13.0% excluding revaluation) provides a durable buffer to absorb loan losses, support strategic capital injections (securities rights offering) and M&A, and underpins management's target CET1 range (~13–13.2%). Strong regulatory capital increases strategic optionality and resilience over coming quarters.
Read all positive factors
Woori Finance Holdings Co (WF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.52B
Dividend Yield3.71%
Average Volume (3M)172.06K
Price to Earnings (P/E)7.2
Beta (1Y)0.84
Revenue Growth7.90%
EPS Growth8.29%
CountryUS
Employees27,249
SectorFinancial
Sector Strength70
IndustryBanks
Share Statistics
EPS (TTM)12506.25
Shares Outstanding242,696,560
10 Day Avg. Volume191,675
30 Day Avg. Volume172,055
Financial Highlights & Ratios
PEG Ratio0.79
Price to Book (P/B)0.66
Price to Sales (P/S)5.20
P/FCF Ratio1.63
Enterprise Value/Market Cap6.68K
Enterprise Value/Revenue6.86
Enterprise Value/Gross Profit13.76
Enterprise Value/Ebitda19.23
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)8.74
Revenue Forecast (FY)$7.84B
Woori Finance Holdings Co Business Overview & Revenue Model
Company Description
Woori Financial Group Inc., together with its subsidiaries, operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally. The company operates through Banking Insur...
How the Company Makes Money
WF primarily earns money through its financial subsidiaries, with revenue generally driven by (1) net interest income—interest earned on loans and other interest-earning assets minus interest paid on deposits and other funding; (2) fee and commiss...
Woori Finance Holdings Co Earnings Call Summary
Earnings Call Date:Apr 24, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call presented several strong positives: record CET1 ratio, notable top-line growth, substantial acceleration of nonbank income, improving NIM, and concrete shareholder return actions (dividend increase and share buybacks). Offsetting these were near-term headwinds from one-off ERP and overseas provisioning, higher SG&A (CI 45%), market volatility causing FX/securities losses, and geopolitical risks raising credit-cost uncertainty. Management provided explanations and mitigation plans (asset rebalancing, cost-efficiency programs, phased capital injections) and expects many impacts to be temporary or offset over time.Positive Updates
Solid Top-Line Growth
Q1 2026 net operating revenue KRW 2.7577 trillion, up 5.6% YoY; interest income KRW 2.3032 trillion, up 2.3% YoY.
Negative Updates
Reported Net Income Underperformed Expectations
Q1 net income KRW 603.8 billion was flat YoY and below market expectations due to one-offs and market volatility; management cites 'running basis' income ~KRW 900 billion excluding temporary impacts.
Read all updates
Q1-2026 Updates
Positive
Negative
Solid Top-Line Growth
Q1 2026 net operating revenue KRW 2.7577 trillion, up 5.6% YoY; interest income KRW 2.3032 trillion, up 2.3% YoY.
Read all positive updates
Company Guidance
Management guided that Q1 results included net income of KRW 603.8bn (running‑basis ~KRW 900bn ex‑one‑offs) and net operating revenue of KRW 2.7577tn (+5.6% YoY) with interest income KRW 2.3032tn (+2.3% YoY); bank NIM was 1.51% (+2bps Q/Q, +7bps YoY) and group NIM 1.76% (+6bps YoY). Noninterest income rose 26.7% YoY to KRW 454.6bn and core fee income hit a quarterly record KRW 576.8bn; loans totaled KRW 338tn (+1.2% YTD) with corporate loans KRW 184tn (+2%) and household loans KRW 151tn (flat). Costs were SG&A KRW 1.4228tn (+9% YoY) with a CI ratio of 45% (ERP cost KRW 183bn, insurance SG&A KRW 25bn, education tax KRW 17bn); credit cost was KRW 526.8bn (incl. KRW 138bn one‑off; ex‑one‑off ~KRW 390bn) with a target credit cost ratio around 40bps and a 20% reduction vs. last year. Capital guidance: preliminary CET1 13.6% (up 71bps YTD, 115bps YoY; ~13.0% excl. KRW 1.8tn land revaluation that added ~60bps) with a target to maintain ~13–13.2%, a KRW 1tn capital injection into securities (phase plan toward KRW 3tn to pursue CFIB and lift the securities rank toward ~11, ROE target ~10%), Tongyang Life to be made a wholly owned subsidiary for insurance integration, a quarterly dividend of KRW 221/share (10% YoY, nontaxable) and a KRW 200bn treasury purchase/cancellation by June with potential further buybacks in H2.Woori Finance Holdings Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
56
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.13T | 4.12T | 25.75T | 23.70T | 17.39T | 12.51T |
| Gross Profit | 7.05T | 4.12T | 10.91T | 9.93T | 10.55T | 9.07T |
| EBITDA | 5.04T | 5.37T | 5.39T | 4.51T | 5.48T | 4.48T |
| Net Income | 3.18T | 3.24T | 3.09T | 2.51T | 3.19T | 2.54T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 10.00T> | 46.73T | 71.08T | 68.45T | 67.30T | 59.73T |
| Total Debt | 93.90T | 94.52T | 83.82T | 76.36T | 73.39T | 69.96T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 38.01T | 32.31T | 34.10T | 31.67T | 28.76T | 25.80T |
Cash Flow | ||||||
| Free Cash Flow | 27.14T | 13.14T | -6.54T | 1.23T | 18.28T | 3.54T |
| Operating Cash Flow | 27.61T | 13.64T | -6.13T | 1.62T | 18.62T | 3.80T |
| Investing Cash Flow | -18.86T | -9.88T | -34.30B | -2.25T | -6.97T | -10.67T |
| Financing Cash Flow | -758.20B | 7.69T | 1.25T | -2.86T | 1.92T | 9.08T |
Woori Finance Holdings Co Technical Analysis
Neutral
57.17
Price Trends
63.19
Negative
67.25
Negative
62.19
Negative
Market Momentum
-1.42
Positive
47.72
Neutral
41.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WF, the sentiment is Neutral. The current price of 57.17 is below the 20-day moving average (MA) of 60.06, below the 50-day MA of 63.19, and below the 200-day MA of 62.19, indicating a bearish trend. The MACD of -1.42 indicates Positive momentum. The RSI at 47.72 is Neutral, neither overbought nor oversold. The STOCH value of 41.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WF.
Woori Finance Holdings Co Risk Analysis
Woori Finance Holdings Co disclosed 46 risk factors in its most recent earnings report. Woori Finance Holdings Co reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
The dividends that we receive from our subsidiaries may be affected by potential restrictions on their ability to pay such dividends, as well as their financial conditions and operating results. Q4, 2023
2.
We may suffer customer attrition or our net interest margin may decrease as a result of government regulations or our competition strategy. Q4, 2023
3.
We may not be able to successfully execute our overseas expansion strategy. Q4, 2023
Woori Finance Holdings Co Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $20.74B | 9.10 | 17.47% | 10.29% | -1.31% | -42.23% | |
68 Neutral | $32.50B | 9.85 | 9.08% | 2.86% | 1.72% | 13.27% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $15.33B | 13.99 | 20.90% | 4.29% | -3.09% | 2.72% | |
62 Neutral | $14.52B | 7.24 | 9.33% | 3.71% | 7.90% | 8.29% | |
61 Neutral | $19.92B | 16.23 | 20.11% | 5.56% | -7.31% | -7.03% | |
58 Neutral | $19.54B | 31.49 | 11.11% | 4.98% | 17.17% | -1.33% |
* Financial Sector Average
WF
Woori Finance Holdings Co
59.81
9.26
18.32%
BCH
Banco De Chile
39.38
11.04
38.96%
BSBR
Banco Santander Brasil
5.19
0.17
3.35%
BSAC
Banco Santander Chile
32.66
8.89
37.43%
CIB
Grupo Cibest
79.15
35.73
82.30%
SHG
Shinhan Financial Group Co
66.88
20.52
44.26%
Woori Finance Holdings Co Corporate Events
Woori Financial Group Ends KRW 200 Billion Treasury Share Trust and Moves to Cancel Shares
Jun 10, 2026
On June 10, 2026, Woori Financial Group Inc. announced the termination of a trust agreement originally entered into on February 10, 2026 for the acquisition of treasury shares, following the scheduled expiration of the contract period. The KRW 200...
Woori Financial Group Updates Plan to Cancel Nearly 6 Million Treasury Shares
Jun 10, 2026
On June 10, 2026, Woori Financial Group Inc. reported an update to its earlier disclosure on the planned cancellation of treasury shares, confirming that it will retire 5,986,638 common shares. The estimated value of the shares to be canceled is K...
Woori Financial Group Posts KRW 639 Billion Net Profit for First Quarter 2026
May 15, 2026
Woori Financial Group Inc. reported consolidated first-quarter 2026 results showing operating income of KRW 808 billion and net income of KRW 639 billion, based on Korean IFRS. The group detailed its funding mix, with customer deposits remaining t...
Woori Financial Group Moves to Fully Acquire Tongyang Life via Small-Scale Share Exchange
May 6, 2026
On April 24, 2026, Woori Financial Group’s board approved a small-scale share exchange to acquire all outstanding common shares of Tongyang Life Insurance from minority shareholders, excluding Woori’s existing stake, in return for newl...
Woori Financial Group Boosts Equity with KRW 2.47 Trillion Land Revaluation
Apr 24, 2026
On April 24, 2026, Woori Financial Group Inc. reported the results of a revaluation of 203 Hoehyeon-dong, Jung-gu, Seoul and 317 other land parcels, undertaken to align the book value of these assets with fair value under K-IFRS. Based on a March ...
Woori Financial Group Posts Strong Q1 2026 Revenue Growth Despite Mixed Profit Trends
Apr 24, 2026
Woori Financial Group reported strong preliminary consolidated results for the quarter ended March 31, 2026, with revenue climbing 45.5% year-on-year to KRW 15.28 trillion. Net income reached KRW 638.9 billion, up 87.0% from the previous quarter b...
Woori Financial Group Board Backs KRW 220 Quarterly Dividend for Q1 2026
Apr 24, 2026
On April 24, 2026, Woori Financial Group’s board approved a resolution recommending a quarterly cash dividend of KRW 220 per common share, implying a total payout of about KRW 160.8 billion based on shares outstanding as of April 23. The div...
Woori Financial Group Moves to Full Ownership of Securities Arm with KRW 1 Trillion Rights Offering
Apr 24, 2026
On April 24, 2026, Woori Financial Group’s board approved a KRW 1.0 trillion cash subscription to a rights offering by its subsidiary Woori Investment Securities, acquiring 429,000,430 new registered common shares. Following the planned paym...
Woori Financial Group Moves to Fully Acquire Tongyang Life via Share Exchange
Apr 24, 2026
On April 24, 2026, Woori Financial Group’s board approved a small-scale share exchange to acquire all remaining shares of Tongyang Life Insurance and make it a wholly owned subsidiary. The move is intended to streamline the group’s str...
Woori Financial Sets May 6 Record Date for Tongyang Life Share Exchange Vote
Apr 24, 2026
Woori Financial Group Inc. announced on April 24, 2026 that May 6, 2026 has been set as the record date to determine shareholders eligible to oppose a planned comprehensive share exchange with TONGYANG Life Insurance Co., Ltd., which will proceed ...
Woori Financial Group Sets April 24, 2026 Q1 Earnings Conference
Apr 21, 2026
Woori Financial Group Inc., a leading South Korean banking and financial services holding company, will update global investors on its operating performance for early 2026 through its regular quarterly disclosures. The group, which reports to U.S....
Woori Financial Group Reviews Potential Tongyang and ABL Life Integration
Apr 16, 2026
Woori Financial Group Inc. said in an April 16, 2026 filing that it is reviewing the potential integration of Tongyang Life Insurance Co., Ltd. and ABL Life Insurance Co., Ltd., alongside a proposal to make Tongyang Life Insurance a wholly owned s...
Woori Financial Group Declares High-Dividend Status and Details 2025 Payout Structure
Mar 23, 2026
On March 23, 2026, Woori Financial Group announced it had determined it qualifies as a “high dividend company” under Article 104-27 of Korea’s Act on Restriction on Special Cases Concerning Taxation, aligning with its 2026 Corpor...
Woori Financial Group Shareholders Approve 2025 Results, Dividends and Board Appointments
Mar 23, 2026
Woori Financial Group Inc. held its annual general meeting of shareholders on March 23, 2026, where investors approved the 2025 separate and consolidated financial statements, showing total consolidated assets of KRW 601.5 trillion, net income of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.