Hanmi Financial
Market Cap
US$558.9m
Last Updated
2019/08/17 23:39 UTC
Data Sources
Company Financials +
Executive Summary
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States.
Snowflake
Fundamentals
Very undervalued with excellent balance sheet.
Risks
- Hanmi Financial has significant price volatility in the past 3 months.
Similar Companies
Share Price & News
How has Hanmi Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-8.5%
NasdaqGS:HAFC
-2.6%
US Banks
-1.0%
US Market
1 Year Return
-29.4%
NasdaqGS:HAFC
-14.2%
US Banks
-0.4%
US Market
HAFC underperformed the Banks industry which returned -14.2% over the past year.
HAFC underperformed the Market in United States of America which returned -0.4% over the past year.
Share holder returns
| HAFC | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.5% | -2.6% | -1.0% |
| 30 Day | -16.6% | -6.3% | -3.3% |
| 90 Day | -18.7% | -3.5% | 0.8% |
| 1 Year | -26.2%-29.4% | -11.8%-14.2% | 1.9%-0.4% |
| 3 Year | -19.7%-27.6% | 42.2%32.4% | 39.4%30.4% |
| 5 Year | -0.01%-14.0% | 53.3%36.7% | 54.2%37.1% |
Price Volatility Vs. Market
How volatile is Hanmi Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Hanmi Financial Corporation (NASDAQ:HAFC) Pays A 1.2% In Just 41 month ago | Simply Wall St
Read This Before You Buy Hanmi Financial Corporation (NASDAQ:HAFC) Because Of Its P/E Ratio2 months ago | Simply Wall St
Why Hanmi Financial Corporation (NASDAQ:HAFC) Could Be Worth WatchingValuation
Is Hanmi Financial undervalued based on future cash flows and its price relative to the stock market?
41%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Hanmi Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).
Hanmi Financial's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
Hanmi Financial is good value based on earnings compared to the US Banks industry average.
Hanmi Financial is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Hanmi Financial is good value based on expected growth next year.
Price Based on Value of Assets
Hanmi Financial is good value based on assets compared to the US Banks industry average.
Next Steps
Future Growth
How is Hanmi Financial expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
11.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Hanmi Financial's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
Hanmi Financial's earnings are expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
Hanmi Financial's revenue growth is positive but not above the United States of America market average.
Hanmi Financial's earnings growth is positive but not above the United States of America market average.
Hanmi Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Hanmi Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has Hanmi Financial performed over the past 5 years?
4.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Hanmi Financial's year on year earnings growth rate has been positive over the past 5 years.
Hanmi Financial's 1-year earnings growth is less than its 5-year average (3.5% vs 4.4%)
Hanmi Financial's earnings growth has not exceeded the US Banks industry average in the past year (3.5% vs 33.2%).
Return on Equity
Hanmi Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Hanmi Financial used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
Return on Capital Employed
Unable to establish if Hanmi Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Next Steps
Financial Health
How is Hanmi Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Hanmi Financial has an acceptable proportion of non-loan assets held.
Hanmi Financial has a low allowance for bad loans.
Hanmi Financial's liabilities are made up of primarily low risk sources of funding.
Hanmi Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
Loans at Hanmi Financial are broadly funded by customer deposits.
Hanmi Financial has an acceptable level of bad loans (less than 2%).
Next Steps
Dividend
What is Hanmi Financial's current dividend yield, its reliability and sustainability?
5.44%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Hanmi Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
Hanmi Financial's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).
Whilst dividend payments have been stable, Hanmi Financial has been paying a dividend for less than 10 years.
Dividend payments have increased, but Hanmi Financial only paid a dividend in the past 6 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.9x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Hanmi Financial's salary, the management and board of directors tenure and is there insider trading?
3.1yrs
Average management tenure
CEO
Bonnie Lee (56yo)
0.3yrs
Tenure
US$443,811
Compensation
Ms. Bonita I. Lee, also known as Bonnie, has been Chief Executive Officer of Hanmi Financial Corporation and Hanmi Bank since May 3, 2019 and its President since June 2018. She served as Chief Operating Of ...
CEO Compensation Analysis
Bonnie's remuneration is lower than average for companies of similar size in United States of America.
Bonnie's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
3.1yrs
Average Tenure
56yo
Average Age
The tenure for the Hanmi Financial management team is about average.
Board Age and Tenure
1.5yrs
Average Tenure
56yo
Average Age
The average tenure for the Hanmi Financial board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Individual |
| Shares | 37,500 |
| Max Price | US$23.05 |
| Entity | Individual |
| Shares | 37,500 |
| Max Price | US$22.55 |
| Entity | Individual |
| Shares | 64,499 |
| Max Price | US$22.41 |
| Entity | Individual |
| Shares | 10,496 |
| Max Price | US$22.37 |
| Entity | Individual |
| Shares | 5 |
| Max Price | US$22.30 |
Ownership Breakdown
Management Team
Ron Santarosa (63yo)
Senior EVP & CFO
- Tenure: 3.8yrs
- Compensation: $860.98k
Bonnie Lee (56yo)
President
- Tenure: 0.3yrs
- Compensation: $443.81k
Greg Kim (58yo)
Chief Administrative Officer & Executive VP of Hanmi Bank
- Tenure: 6.0yrs
- Compensation: $293.48k
Jean Lim (56yo)
Chief Risk Officer & Executive VP of Hanmi Bank
- Tenure: 6.0yrs
- Compensation: $391.17k
Mike Park (56yo)
Executive VP & Chief Credit Risk Officer
- Tenure: 2.4yrs
- Compensation: $538.42k
Matthew Fuhr (56yo)
Executive VP & Chief Credit Administrative Officer of Hanmi Bank
- Tenure: 2.4yrs
- Compensation: $381.48k
Vivian Kim
Senior VP
Board Members
Kiho Choi (63yo)
Director
- Tenure: 1.3yrs
- Compensation: $93.12k
John Ahn (54yo)
Chairman
- Tenure: 0.6yrs
- Compensation: $121.22k
Christie Chu (54yo)
Director
- Tenure: 4.4yrs
- Compensation: $121.02k
Bonnie Lee (56yo)
President
- Tenure: 0.3yrs
- Compensation: $443.81k
David Rosenblum (66yo)
Vice Chairman
- Tenure: 0.6yrs
- Compensation: $122.12k
Scott Diehl (57yo)
Director
- Tenure: 1.5yrs
- Compensation: $104.92k
Harry Chung (49yo)
Director
- Tenure: 3.5yrs
- Compensation: $123.62k
Michael Yang (56yo)
Director
- Tenure: 3.5yrs
- Compensation: $116.87k
Tom Williams (56yo)
Director
- Tenure: 3.2yrs
- Compensation: $117.12k
Company Information
Hanmi Financial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hanmi Financial Corporation
- Ticker: HAFC
- Exchange: NasdaqGS
- Founded: 2000
- Industry: regional banks
- Sector: banks
- Market Cap: US$558.885m
- Shares outstanding: 30.74m
- Website: Click here
Number of Employees
Location
- Hanmi Financial Corporation
- 3660 Wilshire Boulevard
- Penthouse Suite A
- Los Angeles
- California
- 90010
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HAFC | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Jun 1994 |
| HF7N | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jun 1994 |
Biography
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/17 23:39 |
| End of Day Share Price | 2019/08/16 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.