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TickerWF
SectorBanks - Regional
Mkt cap$17.3B
EV / EBITDA19.5×
PostureQuiet Issuer
Composite39/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1264136

Woori Financial Group Inc.

WFQUIET ISSUERQUIET

Woori Financial Group Inc. reads as an Quiet Issuer (composite 39/100); Consistent Strategic Buyer deploying $156M across 3 disclosed transactions, down 60% vs the prior cycle · primary market Regional Banking.

Lens

Disclosed M&A capital (2023–2025)

$156M

−60%

vs $386M in 2020–2022

Disclosed transactions

3

new

3/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

39

/100

Quiet Issuer dominates · Quiet

Financial snapshot
Revenue$10.2B
EBITDA$3.4B
Enterprise value$66.6B
EV / Revenue6.5×
EV / EBITDA19.5×
P/EN/A
CashN/A
Total debtN/A
as of 2026-05-11
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

39/100

Companies actively deploying disclosed capital into M&A

  • $3.8B disclosed buyer spend

Buyer Cadence

0/100

Buyer-side companies with recent filing activity

  • Filed within 34d

Target Probability

20/100

Issuers showing target-side patterns from filings

  • Control-process language

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

15/100

Issuers facing activism, governance, or control pressure

  • Control-process filings

Distress Watch

12/100

Issuers showing financial-distress filing patterns

  • Missing recent 10-Q

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

  • 1 NT late filing
  • Latest event 4.1y ago; discounted

Capital Velocity

30/100

Issuers with the highest filing-activity intensity

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $66.6B
  • 5 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $268M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
20251N/AN/AN/A
20241$156M$156MN/A
20231N/AN/AN/A
2022N/AN/AN/AN/A
2021N/A$118MN/AN/A
2020N/A$268MN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Horizontal Consolidation
    25%
  • Geographic Expansion
    25%
  • Bolt On
    25%
  • Platform
    25%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • horizontal_consolidation
  • geographic_expansion
  • bolt_on
  • platform
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

a number of significant mergers and acquisitions in the financial industry have also taken place in Korea in recent years

10-KFY2026

A number of significant mergers and acquisitions in the financial industry have also taken place in Korea in recent years

10-KFY2025

Moreover, the Korean financial industry is undergoing significant consolidation

10-KFY2025

We expect that consolidation in the Korean financial industry will continue

10-KFY2024

consolidation in the Korean financial industry will continue

10-KFY2026
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Regional Banking

Market spend (2023–2025)
$245.7B
Market spend (2020–2022)
$72.8B
Recent vs prior
+238%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

19.5×EV / EBITDA

WF trades at a +7.2-turn premium to the Regional Banking peer median of 12.3×.

EV / Revenue
6.5×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
12.3×

Trading comparables

FMP market data · 2026-05-11

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
Woori Financial Group Inc.WF
19.5×6.5×N/A$10.2B$156M
16.7×3.7×-0.9×$13.7B$12.7B
13.9×3.0×-0.7×$58.4B$126.1B
10.7×3.2×-2.1×$3.4B$7B
9.3×2.2×-0.3×$14.5B$72.6B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Regional Banking. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)252026-04-22
  • 10-Q (quarterly)0N/A
  • 8-K (event)0N/A
  • Proxy / DEF 14A0N/A
  • Activism (13D / DFAN / PREC)0N/A

Signals on file

  • watch

    Late-filing notice

    2022-05-02

    1 NT 10-K/10-Q filing on file.

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Recent transaction activity

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Woori Financial Group Inc.: Issuer Brief | SE-Cluster