HANMI Semiconductor Full Year 2023 Earnings: Beats Expectations

HANMI Semiconductor (KRX:042700) Full Year 2023 Results

Key Financial Results

• Revenue: ₩159.0b (down 52% from FY 2022).
• Net income: ₩267.2b (up 190% from FY 2022).
• EPS: ₩2,753 (up from ₩939 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

HANMI Semiconductor Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in South Korea.

Performance of the South Korean Semiconductor industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for HANMI Semiconductor (2 are concerning!) that you need to be mindful of.

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