Education
About Us
Working with TipRanks
Follow Us
Woori Finance Holdings Co (WF)
NYSE:WF
Top Page
Woori Finance Holdings Co
(NYSE:WF)
Rating:71Outperform
Price Target:
$58.00
â–²(5.30% Upside)
Positive Factors
Acquisitions
WFG disclosed that its Board has approved the acquisitions of 75% stake in Tongyang Life and 100% stake in ABL Life.
Earnings
Earnings boosted by solid non-interest income, driven by securities trading and valuation gains.
Negative Factors
Margins
NIM contracted 7bp as the loan book grew, causing pressure on margins.
Woori Finance Holdings Co (WF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$13.52B
Dividend Yield3.96%
Average Volume (3M)73.64K
Price to Earnings (P/E)6.9
Beta (1Y)0.84
Revenue Growth22.26%
EPS Growth2.51%
CountryUS
Employees77
SectorFinancial
Sector Strength71
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.74
Shares Outstanding247,530,500
10 Day Avg. Volume48,333
30 Day Avg. Volume73,638
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.33
Price to Sales (P/S)0.44
P/FCF Ratio-1.74
Enterprise Value/Market Cap4.05
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda0.02
Forecast
1Y Price Target
$58.00Price Target Upside5.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Woori Finance Holdings Co Business Overview & Revenue Model
Company DescriptionWoori Financial Group Inc., together with its subsidiaries, operates as a commercial bank that provides a range of financial services to individual, business, and institutional customers in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments. The company offers savings, demand, and installment deposits; time deposits and certificates of deposit; and working capital, facilities, general purpose household, mortgage, and home equity loans. It also offers debit and credit cards, cash services, card loans, and related services; lease financing; and securities operation, sale of financial instruments, project financing, and other related activities. In addition, the company provides credit purchase, cash advance, credit card loans, foreign exchange services and dealing, import and export-related services, offshore lending, syndicated loans and foreign currency securities investment, investment trust products, bancassurance, and private equity funds. Further, it is involved in the real estate, system software development and maintenance, financing, credit information, securities investment and trading, derivatives trading, asset securitization, investment and international banking, money transfer, and other service. The company also offers automated telephone, Internet, and mobile banking services. In addition, it offers trust management, trustee and custodian service, and repurchase instrument. As of December 31, 2021, it served customers through a network of 768 branches and 4,296 ATMs. The company was founded in 1899 and is headquartered in Seoul, South Korea.
How the Company Makes MoneyWoori Finance Holdings generates revenue primarily through its banking operations, which include interest income from loans and other financial products offered to customers. The company earns significant revenue from net interest margins, which is the difference between interest earned on loans and interest paid on deposits. Additionally, Woori Finance generates income from fees and commissions related to investment banking activities, asset management services, and wealth management. The company also benefits from partnerships with various financial institutions and enterprises, enhancing its service offerings and expanding its market reach. These revenue streams, combined with its focus on digital transformation and customer-centric strategies, contribute to the overall profitability of Woori Finance Holdings.
Woori Finance Holdings Co Earnings Call Summary
Earnings Call Date:Jul 25, 2025
(Q2-2025)
| % Change Since: -0.22%|
Next Earnings Date:Oct 23, 2025
Earnings Call Sentiment Neutral
The earnings call presents a mixed picture with notable achievements in revenue growth, capital ratio improvement, and business expansion. However, challenges in net income, increased SG&A expenses, and higher credit costs reflect underlying pressures and uncertainties. Overall, the highlights and lowlights appear balanced.Q2-2025 Updates
Positive Updates
Steady Net Operating Revenue Growth
Despite a challenging business environment, Woori Financial Group's net operating revenue for the first half of 2025 was KRW 5,400.1 billion, up by 2.3% year-on-year, showing the group's ability to maintain steady growth.
Significant Improvement in CET1 Ratio
The group's CET1 ratio reached 12.76% as of June 2025, showing an increase of approximately 60 basis points from the end of last year, and exceeding 12.5% for the first time in the group's history.
Diversification and Expansion of Business Portfolio
Woori Financial Group included Tongyang Life and ABL Life as affiliates, enhancing their comprehensive financial services lineup and aiming to maximize synergies across the group.
Increase in Noninterest Income
Noninterest income rose sharply by approximately 47% from the previous quarter, reaching KRW 527.3 million, driven by core fee income growth in the Wealth Management segment.
MTS Platform Launch and Brokerage Expansion
Launched a new MTS platform and received final approval for investment trading business, strengthening competitiveness in the securities arm.
Negative Updates
Decrease in Net Income
Net income for the first half of 2025 was KRW 1,551.3 billion, representing an 11.6% year-on-year decrease, attributed to one-off expenses and economic slowdown.
Increase in SG&A Expenses
SG&A expenses increased by 18% year-on-year, resulting in a cost-to-income ratio of 42.8%, driven by early retirement costs and investments in digital and IT capabilities.
Higher Credit Costs
Credit costs increased to KRW 944.5 billion for the first half of 2025, with a second-quarter increase of 16.9% from the previous quarter, reflecting preemptive provisions and economic uncertainties.
Company Guidance
In the earnings call for Woori Financial Group on July 25, 2025, the group CFO, Sung-Wook Lee, provided comprehensive guidance on the company's financial performance and strategic initiatives for the first half of 2025. The group's net income was reported at KRW 1,551.3 billion, marking a year-on-year decrease of 11.6%, mainly due to one-off expenses from an early retirement program and provisions for a Trust company guarantee. However, excluding these, the net income was comparable to the previous year. The group's capital adequacy showed improvement, with the CET1 ratio increasing by 60 basis points from last year to 12.76%, surpassing the 12.5% threshold for the first time. Efforts to optimize funding and asset rebalancing resulted in stable interest income, while noninterest income rose, driven by capital market activities. The net operating revenue grew by 2.3% year-on-year, reaching KRW 5,400.1 billion, despite market challenges. The group also focused on expanding its business portfolio, including the acquisition of Tongyang Life and ABL Life, and enhancing its securities arm's competitiveness. For the remainder of 2025, the group aims to maintain a CET1 ratio over 12.5% and possibly reach 13%, supported by an expected stabilization of credit costs and strategic efforts to improve operational efficiency and capital management.Woori Finance Holdings Co Financial Statement Overview
Summary
Woori Finance Holdings Co's financial performance is mixed. Strong profit margins and a stable balance sheet are overshadowed by declining revenue and negative cash flow, indicating potential financial risks.Income Statement
Woori Finance Holdings Co demonstrated mixed performance in its income statement. The TTM (Trailing-Twelve-Months) showed a decrease in total revenue compared to the previous year, indicating a revenue growth challenge. The gross profit margin and net profit margin are relatively strong, but the revenue decline is a concern. EBIT and EBITDA margins are stable, reflecting operational efficiency despite the top-line pressure.65
Positive
Balance Sheet
The balance sheet is relatively stable, with a moderate debt-to-equity ratio indicating manageable leverage. The equity ratio shows a reasonable proportion of equity in the asset structure, suggesting financial stability. Return on Equity (ROE) is positive, demonstrating effective use of equity to generate profit.70
Positive
Cash Flow
Cash flow analysis reveals challenges with negative free cash flow, primarily due to high capital expenditures and negative operating cash flow in the TTM. The operating cash flow to net income ratio is unfavorable, indicating issues with converting income into cash. However, the company has managed to maintain a stable financing cash flow.55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.09T | 25.75T | 9.50T | 10.02T | 8.81T | 6.87T |
| Gross Profit | 11.03T | 10.91T | 9.50T | 10.55T | 9.07T | 6.87T |
| EBITDA | 3.60T | 5.39T | 4.40T | 5.48T | 4.48T | 2.54T |
| Net Income | 2.88T | 3.09T | 2.51T | 3.19T | 2.54T | 1.31T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 84.38T | 71.08T | 68.45T | 67.30T | 46.69T | 40.02T |
| Total Debt | 81.97T | 83.82T | 76.36T | 73.39T | 69.96T | 58.28T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 33.73T | 34.10T | 31.67T | 28.76T | 25.84T | 23.05T |
Cash Flow | ||||||
| Free Cash Flow | -14.28T | -6.54T | -13.72T | 18.28T | -2.06T | 3.34T |
| Operating Cash Flow | -14.02T | -6.13T | 1.62T | 18.62T | -1.80T | 3.61T |
| Investing Cash Flow | -2.12T | -34.30B | -2.25T | -6.97T | -10.67T | -1.46T |
| Financing Cash Flow | 8.48T | 1.25T | -2.86T | 1.92T | 9.08T | 2.37T |
Woori Finance Holdings Co Technical Analysis
Positive
55.08
Price Trends
51.10
Positive
43.80
Positive
38.70
Positive
Market Momentum
1.00
Positive
58.51
Neutral
93.70
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WF, the sentiment is Positive. The current price of 55.08 is above the 20-day moving average (MA) of 54.04, above the 50-day MA of 51.10, and above the 200-day MA of 38.70, indicating a bullish trend. The MACD of 1.00 indicates Positive momentum. The RSI at 58.51 is Neutral, neither overbought nor oversold. The STOCH value of 93.70 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $9.67B | 14.20 | 8.19% | 2.28% | 21.10% | 7.74% | |
79 Outperform | $9.71B | 11.86 | 9.34% | 2.74% | 4.73% | 7.12% | |
76 Outperform | $11.13B | 14.14 | 9.57% | 2.69% | -2.90% | 28.87% | |
74 Outperform | $8.26B | 14.94 | 16.31% | 1.72% | 13.77% | 17.71% | |
71 Outperform | $13.52B | 6.88 | 9.43% | 3.96% | 22.26% | 2.51% | |
71 Outperform | $7.98B | 5.33 | 28.17% | 2.32% | -42.73% | 22.18% | |
68 Neutral | $17.53B | 11.67 | 10.43% | 3.82% | 9.93% | 1.66% |
* Financial Sector Average
Performance Comparison
WF
Woori Finance Holdings Co
55.08
20.29
58.32%
CBSH
Commerce Bancshares
61.92
3.90
6.72%
FHN
First Horizon
22.28
6.99
45.72%
GGAL
Grupo Financiero Galicia SA
49.44
15.26
44.65%
WBS
Webster Financial
58.43
14.18
32.05%
SSB
SouthState Corporation
97.53
8.00
8.94%
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.