Woori Finance (WF)
NYSE:WF
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Woori Finance Holdings Co
(NYSE:WF)
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Rating:62Neutral
Price Target:
$67.00
▲(17.19% Upside)
Action:Reiterated
Date:05/25/26
WF scores 62 mainly due to mixed financial performance: solid profitability and improved recent cash flow are offset by a sharp TTM revenue decline and elevated leverage. Technical indicators are weak (below key moving averages with negative MACD and low RSI), while valuation is a clear positive with a low P/E and strong dividend yield.
Positive Factors
Diversified full-service platform
Woori has broadened its business mix beyond core commercial banking into securities and insurance, creating a multi-product financial platform. This diversification supports more stable fee income, cross-selling across retail and corporate clients, and reduces reliance on pure NII cycles over a 2–6 month horizon and beyond.
Negative Factors
Elevated leverage
Debt-to-equity near 2.7x raises structural balance-sheet risk for a regional bank, limiting capital flexibility. In adverse macro scenarios or credit stress, elevated leverage constrains the group's ability to absorb losses, expand lending, or deploy capital to subsidiaries without raising additional funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified full-service platform
Woori has broadened its business mix beyond core commercial banking into securities and insurance, creating a multi-product financial platform. This diversification supports more stable fee income, cross-selling across retail and corporate clients, and reduces reliance on pure NII cycles over a 2–6 month horizon and beyond.
Read all positive factors
Woori Finance Holdings Co (WF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.24B
Dividend Yield3.71%
Average Volume (3M)138.25K
Price to Earnings (P/E)7.3
Beta (1Y)0.79
Revenue Growth7.90%
EPS Growth8.29%
CountryUS
Employees77
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)12506.25
Shares Outstanding244,692,110
10 Day Avg. Volume167,404
30 Day Avg. Volume138,246
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 Cap6.69K
Enterprise Value/Revenue6.74
Enterprise Value/Gross Profit13.51
Enterprise Value/Ebitda20.16
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)8.79
Revenue Forecast (FY)$7.88B
Woori Finance Holdings Co Business Overview & Revenue Model
Company Description
Woori 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,...
How the Company Makes Money
Woori Financial Group primarily makes money through the earnings of its operating subsidiaries, with commercial banking as the core driver. Key revenue streams generally include: (1) Net interest income: interest earned on loans (e.g., corporate l...
Woori Finance Holdings Co Earnings Call Summary
Earnings Call Date:Feb 06, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call emphasized strong capital improvement, record net operating revenue, substantial noninterest income growth (+24% YoY), completion of strategic M&A (insurance acquisition) and enhanced shareholder returns (DPS +13.3%, KRW 200bn buyback). Management also laid out an ambitious productive-finance growth plan and targets to sustain CET1 >13% while expanding nonbank profit contribution. Offsetting positives were elevated SG&A (+10.8% ex-ERP/insurance), significant one-off provisions (~KRW 430 billion) that raised credit costs (0.53% CCR) and a KRW 189 billion nonoperating loss, along with funding and market volatility risks and potential capital needs for the securities arm. Overall, achievements and forward plans are presented as credible and capital-supported, with manageable but notable near-term costs and risks.Positive Updates
Record Net Operating Revenue and Top-Line Growth
Group net operating revenue reached KRW 10,957.4 billion, up 5.0% YoY, a record high driven by diversified revenue sources and the insurance acquisition.
Negative Updates
Elevated Credit Cost (Including One-Offs)
2025 credit cost was KRW 2,086.2 billion with a credit cost ratio of 0.53%. This included ~KRW 430 billion of one-off provisioning (e.g., completion guarantees and LTV-related fines); excluding one-offs the ratio was ~0.42%.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Net Operating Revenue and Top-Line Growth
Group net operating revenue reached KRW 10,957.4 billion, up 5.0% YoY, a record high driven by diversified revenue sources and the insurance acquisition.
Read all positive updates
Company Guidance
Management guided that Woori will push CET1 to ~13% in H1 2026 and then sustain ≈13.2%+, targeting ~5% asset growth and ~0.5% RWA growth while deploying KRW 73–80 trillion of productive/inclusive finance over five years (KRW 17tn investments, KRW 56tn loans, ~KRW7tn inclusive) with an expected ~40 bps annual capital impact managed by RWA optimization and real‑estate disposals. They reiterated 2025 results as the base—net income KRW 3,141.3bn (+1.8% YoY), ROE ~9.1%, net operating revenue KRW 10,957.4bn (+5%), interest income KRW 9,030.8bn, non‑interest income KRW 1,926.6bn (+24%)—with Woori Bank NIM 1.46% and group NIM 1.73% (up 2/3 bps) and loans of KRW 334tn (corporate KRW 180tn; retail KRW 150tn, +4% YoY). Efficiency and risk targets include SG&A KRW 5,180.5bn (cost/income ~45.7%; mid‑long target <40%), credit cost KRW 2,086.2bn (0.53% CCR; excl. ~KRW430bn one‑offs =0.42%; aiming ~20% cut to ~40bps), nonbank profit share ≈20%, EPS growth ≥10% p.a., and shareholder returns of year‑end dividend KRW 760 (full‑year DPS KRW 1,361, +13.3% YoY, payout ~35%), KRW 200bn buyback (Feb–Jun purchase, cancel by end‑June) and TSR ~39.8% including nontaxable dividends (nontaxable dividend resources ~KRW6.3tn).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 | 4.72T | 4.12T | 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 | 91.46T | 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 | 33.80T | 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
Negative
57.17
Price Trends
66.66
Negative
67.52
Negative
61.60
Negative
Market Momentum
-1.97
Positive
38.49
Neutral
45.28
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 57.17 is below the 20-day moving average (MA) of 63.35, below the 50-day MA of 66.66, and below the 200-day MA of 61.60, indicating a bearish trend. The MACD of -1.97 indicates Positive momentum. The RSI at 38.49 is Neutral, neither overbought nor oversold. The STOCH value of 45.28 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $19.29B | 8.76 | 17.47% | 10.29% | -1.31% | -42.23% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $14.53B | 13.07 | 20.90% | 4.29% | -3.09% | 2.72% | |
62 Neutral | $14.24B | 7.31 | 9.33% | 3.71% | 7.90% | 8.29% | |
62 Neutral | $29.20B | 9.00 | 9.08% | 2.86% | 1.72% | 13.27% | |
61 Neutral | $18.82B | 14.63 | 20.11% | 5.56% | -7.31% | -7.03% | |
58 Neutral | $20.20B | 15.43 | 11.11% | 4.98% | 17.17% | -1.33% |
* Financial Sector Average
WF
Woori Finance Holdings Co
61.46
17.50
39.81%
BCH
Banco De Chile
37.09
7.80
26.62%
BSBR
Banco Santander Brasil
5.35
0.47
9.61%
BSAC
Banco Santander Chile
30.62
6.67
27.86%
CIB
Grupo Cibest
72.33
29.49
68.85%
SHG
Shinhan Financial Group Co
66.07
23.20
54.12%
Woori Finance Holdings Co Corporate Events
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 ...
Woori Financial Weighs Tongyang–ABL Insurance Integration in Push to Boost Sector Competitiveness
Mar 17, 2026
Woori Financial Group Inc., the Seoul-based financial holding company, is exploring ways to strengthen its insurance business through potential structural changes involving Tongyang Life Insurance Co., Ltd. and ABL Life Insurance Co., Ltd. The gro...
Woori Financial Group Files Form 6-K Summarizing 2025 Business Report
Mar 13, 2026
Woori Financial Group Inc., a major Korean financial holding company headquartered in Seoul, operates a diversified portfolio of banking and financial subsidiaries and prepares its financial statements under Korean IFRS. The group has also embedde...
Woori Financial Group Files 2025 Audited Results and ICFR Opinion
Mar 4, 2026
On March 4, 2026, Woori Financial Group Inc. reported that it had disclosed its audited consolidated and separate financial statements for the fiscal year ended December 31, 2025, prepared under Korean IFRS as adopted in the Republic of Korea. The...
Woori Financial Group Files 2025 Audited Results for Woori Bank
Mar 4, 2026
On March 4, 2026, Woori Financial Group Inc. announced that it had submitted the 2025 audit reports and accompanying consolidated and separate financial statements for Woori Bank, its wholly owned subsidiary, prepared under Korean International Fi...
Woori Financial Group Posts Strong 2025 Results and Calls March 23, 2026 AGM
Feb 27, 2026
Woori Financial Group reported net profit attributable to controlling interests of KRW 3.124 trillion for 2025, reflecting a rebalanced asset portfolio and tighter risk controls, while its CET1 capital ratio rose to 12.90% as of December 31, 2025,...
Woori Financial Group Sets March 23 AGM, Proposes Board and Governance Changes
Feb 27, 2026
On February 27, 2026, Woori Financial Group’s board resolved to convene its annual general meeting of shareholders for the 2025 fiscal year on March 23, 2026, at Woori Bank’s head office in Seoul. Shareholders will vote on the approval...
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.