Price Target Changed • May 16
Price target increased by 15% to ₩230,000 Up from ₩200,333, the current price target is an average from 9 analysts. New target price is 38% below last closing price of ₩369,000. Stock is up 303% over the past year. The company is forecast to post earnings per share of ₩3,432 for next year compared to ₩2,256 last year. Reported Earnings • Mar 17
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₩2,256 (up from ₩1,589 in FY 2024). Revenue: ₩576.7b (up 3.2% from FY 2024). Net income: ₩214.0b (up 40% from FY 2024). Profit margin: 37% (up from 27% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 167% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 07
HANMI Semiconductor Co., Ltd., Annual General Meeting, Mar 20, 2026 HANMI Semiconductor Co., Ltd., Annual General Meeting, Mar 20, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 14, gajwa-ro 30beon-gil, seo-gu, incheon South Korea Price Target Changed • Mar 01
Price target increased by 7.3% to ₩187,000 Up from ₩174,300, the current price target is an average from 9 analysts. New target price is 42% below last closing price of ₩323,500. Stock is up 246% over the past year. The company is forecast to post earnings per share of ₩2,550 for next year compared to ₩1,589 last year. New Risk • Feb 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Major Estimate Revision • Feb 07
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₩987.9m to ₩955.3m. EPS estimate also fell from ₩4,637 per share to ₩4,144 per share. Net income forecast to grow 47% next year vs 55% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩140,900 to ₩158,778. Share price fell 7.1% to ₩196,000 over the past week. Price Target Changed • Feb 03
Price target increased by 13% to ₩158,778 Up from ₩140,900, the current price target is an average from 9 analysts. New target price is 20% below last closing price of ₩197,700. Stock is up 86% over the past year. The company is forecast to post earnings per share of ₩2,550 for next year compared to ₩1,589 last year. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩202,750, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 1,321% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩99,090 per share. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩166,300, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 1,221% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩104,577 per share. Declared Dividend • Jan 04
Dividend increased to ₩800 Dividend of ₩800 is 11% higher than last year. Ex-date: 5th March 2026 Payment date: 1st January 1970 Dividend yield will be 0.6%, which is lower than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 36% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 106% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 03
HANMI Semiconductor Co., Ltd. announces Annual dividend HANMI Semiconductor Co., Ltd. announced Annual dividend of KRW 800.0000 per share, ex-date on March 05, 2026 and record date on March 07, 2026. Buy Or Sell Opportunity • Dec 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to ₩127,000. The fair value is estimated to be ₩104,677, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 86% in 2 years. Earnings are forecast to grow by 123% in the next 2 years. Buy Or Sell Opportunity • Nov 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to ₩128,300. The fair value is estimated to be ₩105,620, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 86% in 2 years. Earnings are forecast to grow by 123% in the next 2 years. Price Target Changed • Oct 21
Price target increased by 13% to ₩133,200 Up from ₩117,700, the current price target is an average from 10 analysts. New target price is 11% below last closing price of ₩149,600. Stock is up 51% over the past year. The company is forecast to post earnings per share of ₩3,074 for next year compared to ₩1,589 last year. Major Estimate Revision • Oct 15
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₩782.6m to ₩760.0m. EPS estimate also fell from ₩3,481 per share to ₩3,074 per share. Net income forecast to grow 71% next year vs 39% growth forecast for Semiconductor industry in South Korea. Consensus price target up from ₩117,700 to ₩120,700. Share price rose 40% to ₩140,900 over the past week. New Risk • Oct 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (31% net profit margin). Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩118,500, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Semiconductor industry in South Korea. Total returns to shareholders of 904% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩98,922 per share. Buy Or Sell Opportunity • Sep 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.6% to ₩94,100. The fair value is estimated to be ₩118,280, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 70% in 2 years. Earnings are forecast to grow by 139% in the next 2 years. New Risk • Aug 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (31% net profit margin). Reported Earnings • May 21
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: ₩577 (down from ₩721 in 1Q 2024). Revenue: ₩147.4b (up 91% from 1Q 2024). Net income: ₩54.7b (down 21% from 1Q 2024). Profit margin: 37% (down from 90% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 19
Price target decreased by 7.9% to ₩123,000 Down from ₩133,500, the current price target is an average from 10 analysts. New target price is 44% above last closing price of ₩85,700. Stock is down 39% over the past year. The company is forecast to post earnings per share of ₩3,798 for next year compared to ₩1,589 last year. Buy Or Sell Opportunity • May 16
Now 28% overvalued Over the last 90 days, the stock has fallen 10% to ₩90,300. The fair value is estimated to be ₩70,793, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 36% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩84,400, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 460% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩74,690 per share. Buy Or Sell Opportunity • Apr 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 49% to ₩58,500. The fair value is estimated to be ₩74,447, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 39% per annum over the same time period. Price Target Changed • Apr 03
Price target decreased by 11% to ₩141,667 Down from ₩159,444, the current price target is an average from 9 analysts. New target price is 112% above last closing price of ₩66,700. Stock is down 51% over the past year. The company is forecast to post earnings per share of ₩3,795 for next year compared to ₩1,589 last year. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩76,400, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 349% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩59,572 per share. Reported Earnings • Mar 19
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₩1,589 (down from ₩2,753 in FY 2023). Revenue: ₩558.9b (up 252% from FY 2023). Net income: ₩152.6b (down 43% from FY 2023). Profit margin: 27% (down from 168% in FY 2023). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in South Korea. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 20
HANMI Semiconductor Co., Ltd., Annual General Meeting, Mar 21, 2025 HANMI Semiconductor Co., Ltd., Annual General Meeting, Mar 21, 2025, at 09:30 Tokyo Standard Time. Location: conference room, 14, gajwa-ro 30beon-gil, seo-gu, incheon South Korea Price Target Changed • Feb 19
Price target decreased by 7.1% to ₩161,875 Down from ₩174,167, the current price target is an average from 8 analysts. New target price is 51% above last closing price of ₩107,000. Stock is up 49% over the past year. The company is forecast to post earnings per share of ₩1,615 for next year compared to ₩2,753 last year. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩126,400, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 615% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩82,692 per share. New Risk • Jan 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Profit margins are more than 30% lower than last year (39% net profit margin). Buy Or Sell Opportunity • Jan 07
Now 21% overvalued Over the last 90 days, the stock has fallen 6.2% to ₩100,700. The fair value is estimated to be ₩82,953, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 186% in 2 years. Earnings are forecast to grow by 202% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩99,600, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 477% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩84,245 per share. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩83,900, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 11x in the Semiconductor industry in South Korea. Total returns to shareholders of 397% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩83,352 per share. Major Estimate Revision • Dec 11
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩1,984 to ₩1,621 per share. Revenue forecast steady at ₩594.3m. Net income forecast to grow 62% next year vs 65% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩159,571 unchanged from last update. Share price rose 9.4% to ₩81,100 over the past week. Buy Or Sell Opportunity • Nov 19
Now 20% overvalued Over the last 90 days, the stock has fallen 35% to ₩81,000. The fair value is estimated to be ₩67,348, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 315% in 2 years. Earnings are forecast to grow by 186% in the next 2 years. Announcement • Nov 12
HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces an Equity Buyback for KRW 40,000 million worth of its shares. HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 40,000 worth of its shares pursuant to a contract with SAMSUNG SECURITIES CO.,LTD. The program is aimed at enhancing shareholder value through stabilizing stock prices. The repurchase program will expire on May 12, 2025. As of November 11, 2024, the company had 1,291,657 shares within scope available for dividend and had no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩98,400, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 528% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩67,438 per share. Price Target Changed • Oct 18
Price target decreased by 14% to ₩161,714 Down from ₩188,857, the current price target is an average from 7 analysts. New target price is 55% above last closing price of ₩104,200. Stock is up 78% over the past year. The company is forecast to post earnings per share of ₩2,092 for next year compared to ₩2,753 last year. Major Estimate Revision • Oct 18
Consensus EPS estimates fall by 41% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩632.6m to ₩603.7m. EPS estimate also fell from ₩3,958 per share to ₩2,316 per share. Net income forecast to grow 87% next year vs 87% growth forecast for Semiconductor industry in South Korea. Consensus price target down from ₩188,857 to ₩180,286. Share price fell 3.6% to ₩105,600 over the past week. Buy Or Sell Opportunity • Oct 14
Now 21% overvalued Over the last 90 days, the stock has fallen 32% to ₩113,500. The fair value is estimated to be ₩93,688, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 333% in 2 years. Earnings are forecast to grow by 243% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩113,300, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 656% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩93,964 per share. Buy Or Sell Opportunity • Sep 26
Now 21% overvalued Over the last 90 days, the stock has fallen 34% to ₩113,300. The fair value is estimated to be ₩93,964, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 333% in 2 years. Earnings are forecast to grow by 243% in the next 2 years. Announcement • Sep 24
HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces an Equity Buyback for KRW 40,000 million worth of its shares. HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 40,000 worth of its shares pursuant to a contract with HYUNDAI MOTOR SECURITIES CO., LTD. The program is aimed at enhancing shareholder value through stabilizing stock prices. The repurchase program will expire on March 24, 2025. As of September 23, 2024, the company had 1,281,932 shares within scope available for dividend and had no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩101,300, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Semiconductor industry in South Korea. Total returns to shareholders of 546% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩94,420 per share. Buy Or Sell Opportunity • Aug 30
Now 22% overvalued Over the last 90 days, the stock has fallen 29% to ₩114,300. The fair value is estimated to be ₩93,830, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 333% in 2 years. Earnings are forecast to grow by 243% in the next 2 years. New Risk • Aug 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 56% Last year net profit margin: 94% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (56% net profit margin). Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩115,300, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 550% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩196,992 per share. Announcement • Jul 22
HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces an Equity Buyback for KRW 50,000 million worth of its shares. HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 50,000 worth of its shares pursuant to a contract with HYUNDAI MOTOR SECURITIES CO., LTD. The program is aimed at enhancing shareholder value through stabilizing stock prices. The repurchase program will expire on January 22, 2025. As of July 21, 2024, the company had 847,732 shares within scope available for dividend and had no shares in treasury through other repurchase. Price Target Changed • Jul 21
Price target increased by 13% to ₩180,286 Up from ₩159,286, the current price target is an average from 7 analysts. New target price is 19% above last closing price of ₩151,000. Stock is up 236% over the past year. The company is forecast to post earnings per share of ₩3,008 for next year compared to ₩2,753 last year. Major Estimate Revision • Jul 09
Consensus EPS estimates increase by 34% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩586.8m to ₩603.4m. EPS estimate increased from ₩2,476 to ₩3,313 per share. Net income forecast to grow 55% next year vs 70% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩159,286 unchanged from last update. Share price fell 2.3% to ₩164,800 over the past week. Buy Or Sell Opportunity • Jun 14
Now 21% undervalued Over the last 90 days, the stock has risen 90% to ₩182,300. The fair value is estimated to be ₩230,093, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 327% in 2 years. Earnings are forecast to grow by 79% in the next 2 years. Major Estimate Revision • Jun 01
Consensus EPS estimates increase by 45% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from ₩1,713 to ₩2,476. Revenue forecast steady at ₩590.3m. Net income forecast to grow 19% next year vs 69% growth forecast for Semiconductor industry in South Korea. Consensus price target of ₩144,167 unchanged from last update. Share price rose 9.5% to ₩161,700 over the past week. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩163,000, the stock trades at a forward P/E ratio of 77x. Average forward P/E is 18x in the Semiconductor industry in South Korea. Total returns to shareholders of 951% over the past three years. Announcement • Apr 26
HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces an Equity Buyback for KRW 50,000 million worth of its shares. HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 50,000 worth of its shares pursuant to a contract with Samsung Securities Co., Ltd. The program is aimed at enhancing shareholder value through stabilizing stock prices. The repurchase program will expire on October 23, 2024. As of April 22, 2024, the company had 859,600 shares within scope available for dividend and had no shares in treasury through other repurchase. Price Target Changed • Mar 26
Price target increased by 24% to ₩86,333 Up from ₩69,667, the current price target is an average from 6 analysts. New target price is 23% below last closing price of ₩112,500. Stock is up 433% over the past year. The company is forecast to post earnings per share of ₩1,404 for next year compared to ₩2,753 last year. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩113,200, the stock trades at a forward P/E ratio of 81x. Average forward P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 861% over the past three years. Reported Earnings • Mar 19
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₩2,753 (up from ₩939 in FY 2022). Revenue: ₩159.0b (down 52% from FY 2022). Net income: ₩267.2b (up 190% from FY 2022). Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates by 38%. 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. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩88,800, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 709% over the past three years. Announcement • Feb 27
HANMI Semiconductor Co., Ltd., Annual General Meeting, Mar 22, 2024 HANMI Semiconductor Co., Ltd., Annual General Meeting, Mar 22, 2024, at 09:30 Korea Standard Time. Location: the head office,14 Gajwa-ro 30beon-gil, Seo-gu Incheon South Korea Agenda: To consider and approve the 44th financial statement and consolidated financial statement; to consider and approve the appointment of directors; to consider and approve the appointment of auditors; to consider and approve the directors’ remuneration limit; and to consider and approve the auditors’ remuneration limit. New Risk • Feb 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩74,800, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 19x in the Semiconductor industry in South Korea. Total returns to shareholders of 699% over the past three years. Announcement • Jan 16
HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces an Equity Buyback for KRW 20,000 million worth of its shares. HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 20,000 worth of its shares pursuant to a contract with Hyundai Motor Securities Co., Ltd. The program is aimed at enhancing shareholder value through stabilizing stock prices. The repurchase program will expire on July 16, 2024. As of January 15, 2024, the company had 518,000 shares within scope available for dividend and had no shares in treasury through other repurchase. Major Estimate Revision • Nov 16
Consensus revenue estimates decrease by 10%, EPS upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩160.5m to ₩143.9m. EPS estimate increased from ₩1,867 to ₩1,936 per share. Net income forecast to shrink 25% next year vs 12% growth forecast for Semiconductor industry in South Korea . Consensus price target up from ₩37,429 to ₩57,000. Share price was steady at ₩62,600 over the past week. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩62,600, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 15x in the Semiconductor industry in South Korea. Total returns to shareholders of 1,053% over the past three years. Announcement • Oct 18
HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces an Equity Buyback for KRW 30,000 million worth of its shares. HANMI Semiconductor Co., Ltd. (KOSE:A042700) announces a share repurchase program. Under the program, the company will repurchase up to KRW 30,000 worth of its shares pursuant to a contract with HYUNDAI MOTOR SECURITIES CO., LTD.. The purpose of the share repurchase is to enhance shareholder value considering future growth potential of the company. The repurchase program will expire on April 17, 2024. As of October 16, 2023, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase. Major Estimate Revision • Oct 11
Consensus revenue estimates fall by 27% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₩212.1m to ₩155.0m. EPS estimate fell from ₩1,788 to ₩1,577 per share. Net income forecast to shrink 34% next year vs 38% growth forecast for Semiconductor industry in South Korea . Consensus price target up from ₩30,667 to ₩33,667. Share price fell 5.0% to ₩51,500 over the past week. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩57,800, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 16x in the Semiconductor industry in South Korea. Total returns to shareholders of 1,127% over the past three years. New Risk • Jul 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to ₩41,200, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 14x in the Semiconductor industry in South Korea. Total returns to shareholders of 879% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩30,900, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Semiconductor industry in South Korea. Total returns to shareholders of 732% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩25,950, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Semiconductor industry in South Korea. Total returns to shareholders of 493% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩12,406 per share. Price Target Changed • Apr 29
Price target increased by 14% to ₩20,075 Up from ₩17,638, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₩20,550. Stock is up 34% over the past year. The company is forecast to post earnings per share of ₩1,051 for next year compared to ₩939 last year.