- Woori Financial’s 1Q operating profit: The first quarter operating profit of Woori Financial was 1.15 trillion won, indicating a decrease of 8.2% compared to the previous year. This estimate matched the estimates precisely.
- Net profit: The net profit for the first quarter was 824.49 billion won, marking a decrease of 9.5% year on year. The actual figure surpassed the estimate, which was 801.66 billion won.
- Increased sales: Woori Financial reported sales of 12.85 trillion won for the first quarter, a growth of 2.4% over the same period the previous year.
- Market recommendations: There were 18 buy recommendations, 6 hold recommendations, and no sell recommendations for Woori Financial shares.
- Business comparisons: All comparisons to past results referenced in this report are based on values reported by the company in their original disclosures.
Woori Financial Group on Smartkarma
Analyst coverage of Woori Financial Group on Smartkarma reveals varying sentiments from different analysts. Douglas Kim reported on the block deal sale of a 1.7% stake by IMM Private Equity, with a reasonable discount range and low valuation multiples. Clarence Chu highlighted a Woori Financial placement, mentioning that the deal, while presenting an overhang, would be easily digested as it represents just 1.7% of total shares outstanding. Victor Galliano added Woori Financial to the buy list alongside KB Financial, emphasizing undemanding multiples and a promising NPL trend for Woori.
However, Sanghyun Park took a bearish stance, investigating potential block deals in Korea’s financial holding companies, including Woori Financial. Park noted that stake sales by PE firms in Woori Financial have attractive yields, but also highlighted the absence of constraints on divestment. Overall, the analyst coverage provides a comprehensive view of Woori Financial Group’s current position and future outlook in the market.
A look at Woori Financial Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Woori Financial Group Inc., a provider of commercial banking services, is positioned for a bright long-term outlook based on its Smartkarma Smart Scores. With top-notch scores of 5 in both Value and Dividend categories, the company demonstrates strength in its financial standing and commitment to rewarding investors. Additionally, boasting a solid score of 4 in Growth, Woori Financial Group shows potential for expansion and development in the future. However, its lower Resilience score of 2 suggests some vulnerability to market fluctuations, while its Momentum score of 4 indicates positive market trends.
Overall, Woori Financial Group’s exceptional Value and Dividend scores coupled with a strong Growth score imply a promising future for the company. Despite lower Resilience, the company’s positive Momentum underscores investor interest. As a provider of various banking services including deposits, loans, and online banking, Woori Financial Group’s strategic positioning and robust performance indicators point towards continued success and value creation for its stakeholders.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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