Want to see WF full AI Analyst Report?
Top Page
Woori Finance Holdings Co
(NYSE:WF)
Select Model
Select Model
Rating:65Neutral
Price Target:
$74.00
▲(3.32% Upside)
Action:Reiterated
Date:10/23/26
The score is driven primarily by stable-to-adequate fundamentals (strong profitability and improved cash flow but weakened revenue trends and leverage risk) and a very attractive valuation (low P/E and strong yield). The latest earnings call adds support via constructive guidance on NIM, credit costs, capital, and shareholder returns. Offsetting these positives, technical signals remain bearish with the stock trading below key moving averages and negative MACD.
Positive Factors
Sustained Profitability
Earnings above KRW 1 trillion for a second consecutive quarter, combined with improving ROE and higher year-to-date profit, indicate meaningful operating strength. This supports internal capital generation and gives the group a stronger base for funding growth and shareholder distributions.
Negative Factors
Elevated Leverage
Elevated bank-style leverage makes results more sensitive to credit losses, funding costs, and changes in borrower quality. Although equity has improved, sustained leverage can constrain financial flexibility and amplify downside if economic or funding conditions deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
Earnings above KRW 1 trillion for a second consecutive quarter, combined with improving ROE and higher year-to-date profit, indicate meaningful operating strength. This supports internal capital generation and gives the group a stronger base for funding growth and shareholder distributions.
Read all positive factors
Woori Finance Holdings Co (WF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.76B
Dividend Yield4.31%
Average Volume (3M)73.34K
Price to Earnings (P/E)7.0
Beta (1Y)0.89
Revenue Growth32.89%
EPS Growth-9.62%
CountryUS
Employees27,249
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)13062.54
Shares Outstanding245,595,520
10 Day Avg. Volume67,824
30 Day Avg. Volume73,341
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 Cap3.98
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.01
Enterprise Value/Ebitda0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)9.51
Revenue Forecast (FY)$8.51B
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
Woori Finance Holdings Co makes money primarily through earnings generated by its financial subsidiaries, with the largest contribution typically coming from its banking operations. Key revenue streams include: (1) Net interest income: The group e...
Woori Finance Holdings Co Earnings Call Summary
Earnings Call Date:Oct 23, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 10, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. Earnings exceeded KRW 1 trillion for a second consecutive quarter, profitability and noninterest income improved, credit costs declined, capital remained industry-leading, and shareholder-return initiatives were expanded. The principal challenges were the 7 bps Q-o-Q NIM decline, lower quarterly noninterest income, higher card delinquency, regulatory restrictions on a life-insurance product, and temporary CET1 pressure, but management provided specific explanations and expected improvements or normalization for several of these items.Positive Updates
Quarterly Net Income Exceeded KRW 1 Trillion
Q3 2026 net income was KRW 1,049.2 billion, up 4.4% Q-o-Q and above KRW 1 trillion for the second consecutive quarter. Year-to-date net income reached KRW 2,658.1 billion, up 19% Y-o-Y excluding the approximately KRW 550 billion of prior-year bargain purchase gains.
Negative Updates
Q3 Bank NIM Declined
The bank's Q3 NIM was 1.43%, down 7 bps Q-o-Q. Management attributed the decline to funding-cost pressure as market rates increased more sharply than lending rates, proactive funding ahead of additional rate hikes, a 2 bps impact from declining core deposits, and an approximately 5 bps impact from the loan and short-term interest-rate spread. Approximately 70% of loans are CD-linked, increasing the impact of the rate spread.
Read all updates
Q3-2026 Updates
Positive
Negative
Quarterly Net Income Exceeded KRW 1 Trillion
Q3 2026 net income was KRW 1,049.2 billion, up 4.4% Q-o-Q and above KRW 1 trillion for the second consecutive quarter. Year-to-date net income reached KRW 2,658.1 billion, up 19% Y-o-Y excluding the approximately KRW 550 billion of prior-year bargain purchase gains.
Read all positive updates
Company Guidance
Management said that in Q4 NIM will “at least remain or have a slight increase,” with asset refreshing starting from 2027 expected to improve NIM; it targets reducing credit cost by 15% and bringing the credit cost ratio to the “low 40 basis point range,” while 2026 CCR is expected to “stay well within the early 40 bps range.” CET1 is expected to be maintained in the 13.6% to 13.7% range, 2026 total shareholder return could be in the “mid-40 range” and “significantly higher than last year,” and, on a tax-exempt basis, “18.4% is added” so TSR is “above 50%”; nominal TSR next year is intended to “exceed 50%.” DPS is targeted to increase “on an annual basis more than 10%,” the quarterly dividend principle is expected to cover “at least 3 or 4 years,” and the company may reassess the nontaxable dividend around 2028. The ABL Tower is expected to be sold “by the end of this year,” and card delinquency rate and NPL ratio are expected to go down in Q4.Woori Finance Holdings Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.22T | 4.12T | 25.75T | 23.70T | 17.39T | 12.51T |
| Gross Profit | 5.50T | 4.12T | 10.91T | 9.93T | 10.55T | 9.07T |
| EBITDA | 4.89T | 5.37T | 5.39T | 4.51T | 5.48T | 4.48T |
| Net Income | 3.29T | 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 | 10.00T> | 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 | 38.88T | 32.31T | 34.10T | 31.67T | 28.76T | 25.80T |
Cash Flow | ||||||
| Free Cash Flow | 35.73T | 13.14T | -6.54T | 1.23T | 18.28T | 3.54T |
| Operating Cash Flow | 36.14T | 13.64T | -6.13T | 1.62T | 18.62T | 3.80T |
| Investing Cash Flow | -40.24T | -9.88T | -34.30B | -2.25T | -6.97T | -10.67T |
| Financing Cash Flow | 10.02T | 7.69T | 1.25T | -2.86T | 1.92T | 9.08T |
Woori Finance Holdings Co Technical Analysis
Negative
71.62
Price Trends
73.91
Negative
68.71
Negative
68.10
Negative
Market Momentum
-1.77
Positive
32.21
Neutral
24.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WF, the sentiment is Negative. The current price of 71.62 is below the 20-day moving average (MA) of 72.67, below the 50-day MA of 73.91, and above the 200-day MA of 68.10, indicating a bearish trend. The MACD of -1.77 indicates Positive momentum. The RSI at 32.21 is Neutral, neither overbought nor oversold. The STOCH value of 24.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $136.88B | 11.52 | 19.31% | 4.52% | 12.11% | 14.33% | |
73 Outperform | $88.88B | 12.37 | 13.38% | 4.78% | 12.60% | 24.01% | |
68 Neutral | $236.44B | 13.88 | 12.34% | 3.18% | 7.56% | 43.28% | |
68 Neutral | $150.46B | 13.96 | 10.89% | 3.02% | 7.19% | 41.88% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $16.76B | 6.96 | 8.82% | 4.31% | 32.89% | -9.62% | |
59 Neutral | $187.49B | 10.37 | 15.48% | 2.37% | 16.84% | 33.67% |
* Financial Sector Average
WF
Woori Finance Holdings Co
66.71
12.66
23.42%
BBVA
Banco Bilbao
24.88
5.89
31.01%
ING
ING Groep
31.84
8.56
36.76%
MUFG
Mitsubishi UFJ
21.07
6.17
41.41%
SMFG
Sumitomo Mitsui
23.80
7.75
48.29%
SAN
Banco Santander SA
12.84
3.15
32.48%
Woori Finance Holdings Co Corporate Events
Woori Financial Group Board Backs KRW 220 Quarterly Dividend on Common Shares
Oct 23, 2026
On October 23, 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 161.3 billion based on 733,028,922 shares as of October 22. The...
Woori Financial Group Board Approves Cancellation of Treasury Shares
Oct 23, 2026
On October 23, 2026, Woori Financial Group’s board approved the cancellation of 57,369 common shares, drawn from previously acquired treasury stock and representing a small fraction of its 736,786,557 shares outstanding. The move, carried ou...
Woori Financial Group Posts Strong Q3 2026 Revenue; Woori Bank Earnings Surge
Oct 23, 2026
For the quarter ended September 30, 2026, Woori Financial Group reported preliminary consolidated revenue of KRW 13.3 trillion, up 1.0% quarter-on-quarter and 66.2% year-on-year, with operating income rising 7.9% from the previous quarter and 43.6...
Woori Financial Group Schedules 2026 Q3 Earnings Conference for October 23
Oct 20, 2026
Woori Financial Group Inc. announced that it will hold its 2026 third-quarter earnings release conference on Friday, October 23, 2026, at 16:00 Korea time. The event will be conducted via a live audio webcast and conference call, with materials av...
Woori Financial Group Posts Reviewed First-Half 2026 Results With Clean Audit Opinion
Aug 14, 2026
Woori Financial Group Inc. reported its condensed consolidated interim financial statements for the three- and six-month periods ended June 30, 2026, alongside a comprehensive first-half 2026 business report covering operations, capital structure,...
Woori Financial Group Releases English 2025 Sustainability Report
Jul 31, 2026
Woori Financial Group Inc. reported that, on July 31, 2026, it published the English version of its 2025 Sustainability Report on its corporate website. The move enhances transparency around the group’s environmental, social, and governance ...
Woori Financial Group Board Clears Final Step in Tongyang Life Share Exchange
Jul 24, 2026
On April 24, 2026, Woori Financial Group’s board approved a share exchange agreement with TONGYANG Life Insurance Co., Ltd. to make the insurer a wholly owned subsidiary, advancing the group’s strategy of deepening its insurance footpr...
Woori Financial Group Posts Strong Q2 2026 Profit Rebound Despite Revenue Decline
Jul 24, 2026
Woori Financial Group reported preliminary consolidated results for the quarter ended June 30, 2026, showing revenue of KRW 13.17 trillion, down 13.9% from the first quarter and 3.0% year-on-year, but with operating income rising 62.8% quarter-on-...
Woori Financial Group Launches KRW 150 Billion Treasury Share Buyback Trust
Jul 24, 2026
On July 24, 2026, Woori Financial Group Inc.’s board of directors approved entering into a trust agreement to repurchase treasury shares, appointing Korea Investment Securities Co. as the brokerage firm. The trust, with a total contract amo...
Woori Financial Group Board Approves KRW 220 Quarterly Dividend on Common Shares
Jul 24, 2026
On July 24, 2026, Woori Financial Group’s board approved a resolution recommending a quarterly cash dividend of KRW 220 per common share, representing a market price-dividend ratio of 0.7%. The total planned distribution is approximately KRW...
Woori Financial Group Board Approves KRW 150 Billion Treasury Share Cancellation
Jul 24, 2026
On July 24, 2026, Woori Financial Group’s board resolved to cancel 4,854,368 common shares, representing part of its treasury stock, under Article 343(1) of the Korean Commercial Code. The estimated value of the planned cancellation is KRW 1...
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.