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Woori Finance (WF)
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Woori Finance Holdings Co (WF) AI Stock Analysis

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Woori Finance Holdings Co

(NYSE:WF)

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Outperform 70 (OpenAI - 4o)
Rating:70Outperform
Price Target:
$65.00
â–²(13.70% Upside)
Woori Finance Holdings Co's overall stock score is driven by strong technical indicators and attractive valuation, supported by positive earnings call highlights. However, financial performance concerns, particularly in cash flow and leverage, temper the score.
Positive Factors
Revenue Growth
Strong revenue growth indicates robust market demand and effective business strategies, supporting long-term expansion and competitive positioning.
Improved Net Interest Margin
Improved NIM reflects efficient asset and liability management, enhancing profitability and financial stability over the long term.
Successful Acquisition
Successful acquisitions expand business capabilities and market reach, contributing to diversified revenue streams and strategic growth.
Negative Factors
High Leverage
High leverage can increase financial risk, especially in rising interest rate environments, potentially impacting long-term financial health.
Declining Cash Flow
Declining cash flow may constrain operational flexibility and investment capacity, posing risks to sustainable growth and financial stability.
Increased SG&A Expenses
Rising SG&A expenses can pressure profit margins, indicating potential inefficiencies that may affect long-term profitability.

Woori Finance Holdings Co (WF) vs. SPDR S&P 500 ETF (SPY)

Woori Finance Holdings Co Business Overview & Revenue Model

Company DescriptionWoori Finance Holdings Co. is a leading South Korean financial services group, primarily engaged in banking, investment, and asset management. The company operates through its subsidiaries, including Woori Bank, Woori Card, and Woori Investment & Securities, offering a wide range of products and services such as retail and corporate banking, credit cards, wealth management, and securities trading. With a strong presence in both domestic and international markets, Woori Finance is committed to providing comprehensive financial solutions to meet the diverse needs of its clients.
How the Company Makes MoneyWoori Finance Holdings generates revenue primarily through interest income from loans and advances made by its banking operations, particularly through Woori Bank. The company earns fees and commissions from its various financial services, including asset management, investment banking, and credit card operations. Additionally, revenue is derived from trading and investment activities, as well as advisory services provided to corporate clients. Strategic partnerships with other financial institutions and participation in capital markets further enhance its earnings. The company benefits from the growing demand for financial products in both domestic and international markets, contributing to its overall profitability.

Woori Finance Holdings Co Earnings Call Summary

Earnings Call Date:Oct 29, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 11, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance with increases in net income, improved NIM, and record fee income. However, challenges such as increased SG&A expenses and higher credit costs due to preemptive provisions were noted. The successful acquisition of an insurance subsidiary and strong capital management indicate a positive outlook.
Q3-2025 Updates
Positive Updates
Increase in Net Income
Woori Financial Group's year-to-date net income as of the third quarter end was up by 5.1% to KRW 2,796.4 billion, with a quarterly net income increase of KRW 300 billion.
Improved NIM
The NIM improved for the third consecutive quarter, with Woori Bank's third quarter NIM at 1.48%, which is 3 basis points higher Q-o-Q.
Record Fee Income
Fee income for the quarter reached an all-time high, driven by strong marketing capabilities from key subsidiaries.
Strong Capital Management
The group's CET1 ratio improved significantly by approximately 80 basis points versus last year-end, demonstrating strong capital management.
Successful Insurance Acquisition
The acquisition of an insurance subsidiary was completed with minimal negative impact on the capital ratio.
Negative Updates
Increased SG&A Expenses
The group's SG&A expenses increased by 3.2% from the previous quarter, affecting the cost-to-income ratio.
Higher Credit Costs
Third quarter credit costs totaled KRW 574.3 billion, an increase of 13.1% from the previous quarter, due to one-off provisions.
Preemptive Provisions for Vulnerable Assets
The group had to preemptively provision reserves for vulnerable portions of its nonbank business.
Company Guidance
During the third quarter of 2025, Woori Financial Group reported a year-to-date net income increase of 5.1% year-on-year, reaching KRW 2,796.4 billion, with a quarterly net income of KRW 1,244.4 billion, marking a KRW 300 billion quarter-on-quarter rise. The group's NIM improved for the third consecutive quarter, driven by asset rebalancing and funding optimization, reaching 1.48% in Q3. Noninterest income also saw robust growth, rising 5.3% from the previous quarter to KRW 555.2 billion, due to strong fee income and contributions from the newly acquired insurance business. The acquisition of Tongyang and ABL Life added KRW 550 billion in bargain purchase gains, with minimal impact on the CET1 ratio, which improved to 12.92%. The group's credit cost ratio was maintained at 0.42%, despite a 13.1% rise in credit costs. Woori Financial plans to sustain growth by focusing on productive financing and enhancing synergies across its banking, brokerage, and insurance segments.

Woori Finance Holdings Co Financial Statement Overview

Summary
Woori Finance Holdings Co shows strong revenue growth but faces challenges in profitability and cash flow management. The high leverage and declining cash flow metrics suggest potential financial risks, although the company maintains a stable return on equity.
Income Statement
65
Positive
Woori Finance Holdings Co shows a strong revenue growth rate of 14.92% in the TTM, indicating robust top-line expansion. However, the net profit margin has decreased to 9.51% from 11.98% in the previous year, suggesting some pressure on profitability. The gross profit margin remains healthy at 60.59%, but the EBIT and EBITDA margins have declined significantly, indicating increased operational costs or inefficiencies.
Balance Sheet
60
Neutral
The company maintains a high debt-to-equity ratio of 2.43, reflecting significant leverage, which could pose risks in a rising interest rate environment. Return on equity is stable at 9.19%, showing consistent profitability relative to shareholder investments. The equity ratio is relatively low, indicating a higher reliance on debt financing.
Cash Flow
50
Neutral
Woori Finance Holdings Co has experienced a negative free cash flow growth rate of -39.98% in the TTM, highlighting potential liquidity challenges. The operating cash flow to net income ratio is zero, indicating that operating cash flows are not covering net income, which could be a concern for sustaining operations without external financing.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue21.27T25.75T9.50T17.39T12.51T6.87T
Gross Profit10.64T10.91T9.50T10.55T9.07T6.87T
EBITDA3.92T5.39T4.40T5.48T4.48T2.54T
Net Income3.22T3.09T2.51T3.19T2.54T1.31T
Balance Sheet
Total Assets10.00T>10.00T>10.00T>10.00T>10.00T>10.00T>
Cash, Cash Equivalents and Short-Term Investments0.0071.08T68.45T67.30T46.69T40.02T
Total Debt79.90T83.82T76.36T73.39T69.96T58.28T
Total Liabilities10.00T>10.00T>10.00T>10.00T>10.00T>10.00T>
Stockholders Equity35.36T34.10T31.67T28.76T25.84T23.05T
Cash Flow
Free Cash Flow7.70T-6.54T1.23T18.28T-2.06T3.34T
Operating Cash Flow7.99T-6.13T1.62T18.62T-1.80T3.61T
Investing Cash Flow-4.62T-34.30B-2.25T-6.97T-10.67T-1.46T
Financing Cash Flow-8.58T1.25T-2.86T1.92T9.08T2.37T

Woori Finance Holdings Co Technical Analysis

Technical Analysis Sentiment
Positive
Last Price57.17
Price Trends
50DMA
55.16
Positive
100DMA
55.07
Positive
200DMA
48.20
Positive
Market Momentum
MACD
0.40
Positive
RSI
53.04
Neutral
STOCH
27.08
Neutral
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 57.17 is above the 20-day moving average (MA) of 56.24, above the 50-day MA of 55.16, and above the 200-day MA of 48.20, indicating a bullish trend. The MACD of 0.40 indicates Positive momentum. The RSI at 53.04 is Neutral, neither overbought nor oversold. The STOCH value of 27.08 is Neutral, 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
71
Outperform
$18.88B14.5721.29%5.71%-11.64%-8.75%
71
Outperform
$15.70B15.8217.06%10.65%-6.79%16.13%
70
Outperform
$13.66B6.299.61%3.82%-2.90%16.10%
70
Outperform
$24.48B7.708.58%2.89%-4.88%4.84%
69
Neutral
$14.10B12.4924.13%4.46%12.43%56.30%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
66
Neutral
$21.44B20.429.34%5.31%1.13%-11.93%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
WF
Woori Finance Holdings Co
56.58
24.46
76.15%
BCH
Banco De Chile
37.50
15.74
72.33%
BSBR
Banco Santander Brasil
5.85
2.02
52.74%
BSAC
Banco Santander Chile
30.22
12.05
66.32%
CIB
Grupo Cibest
61.50
33.16
117.01%
SHG
Shinhan Financial Group Co
52.49
18.65
55.11%

Woori Finance Holdings Co Corporate Events

Woori Financial Group Reports Q3 2025 Financial Results
Nov 14, 2025

Woori Financial Group Inc. reported its financial results for the third quarter of 2025, showing a decrease in operating income to KRW 2,966 billion from KRW 4,255 billion in the previous year. Despite the decline in operating income, the company achieved a net income of KRW 2,886 billion, slightly down from KRW 3,171 billion in 2024. The financial report highlights the company’s ability to maintain profitability amidst challenging market conditions, reflecting its resilience and strategic financial management.

Woori Financial Group Reports Q3 2025 Financial Results
Oct 29, 2025

Woori Financial Group reported its preliminary financial results for the third quarter of 2025, showing a significant decrease in revenue compared to the previous quarter, with a 41.04% drop, but a 7.53% increase compared to the same quarter last year. Despite the revenue decline, the net income for the quarter increased by 37.48% year-over-year, reflecting improved profitability. Woori Bank, a subsidiary of Woori Financial Group, also reported a decrease in revenue by 58.69% from the previous quarter and 19.75% from the same quarter last year. However, the bank’s net income showed a decrease of 19.71% compared to the previous quarter, indicating challenges in maintaining profitability amidst declining revenues.

Woori Financial Group Announces Cash Dividend for Q4 2025
Oct 24, 2025

On October 24, 2025, Woori Financial Group’s board of directors approved a resolution for a cash dividend of KRW 200 per common share, with a record date set for November 10, 2025. This decision reflects the company’s commitment to providing returns to its shareholders and enhancing dividend predictability. The total dividend payout amounts to KRW 146.8 billion, which is based on the company’s outstanding common shares. This move is likely to impact investor confidence positively and could influence the company’s market positioning by demonstrating financial stability and shareholder value focus.

Woori Financial Group Schedules Q3 2025 Earnings Conference
Oct 21, 2025

Woori Financial Group Inc. announced that it will hold its 2025 Third Quarter Earnings Release Conference on October 29, 2025. The event will be accessible via a live audio webcast and conference call, providing an opportunity for stakeholders to engage with the company’s financial performance and strategic direction. This announcement underscores Woori Financial Group’s commitment to transparency and stakeholder engagement, potentially impacting its market positioning and investor relations.

Woori Financial Group Ends Treasury Shares Acquisition Agreement
Sep 11, 2025

Woori Financial Group Inc., a prominent player in the financial services industry, announced the termination of a trust agreement initially established on February 11, 2025, to acquire treasury shares. This agreement, which expired on September 11, 2025, involved a total contract amount of KRW 150 billion and was conducted with KIWOOM Securities Co., Ltd. The termination results in the return of cash and treasury shares to Woori Financial Group, with the shares expected to be cancelled shortly thereafter, potentially impacting the company’s financial structure and shareholder value.

Woori Financial Group to Cancel Treasury Shares on September 19, 2025
Sep 11, 2025

On September 11, 2025, Woori Financial Group Inc. announced an update regarding its board of directors’ resolution to cancel certain treasury shares. The company plans to retire 8,515,181 common stock shares, with an estimated cancellation value of KRW 149,999,949,975. The scheduled date for this cancellation is September 19, 2025, although it may change following discussions with related agencies. This move is part of Woori Financial Group’s strategy to manage its capital structure, which could impact its market positioning and shareholder value.

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.Date of analysis: Dec 03, 2025