Hanmi Financial Corporation

NasdaqGS:HAFC Stock Report

Market Cap: US$760.5m

Hanmi Financial Valuation

Is HAFC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HAFC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HAFC ($25.75) is trading below our estimate of fair value ($43.25)

Significantly Below Fair Value: HAFC is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HAFC?

Key metric: As HAFC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HAFC. This is calculated by dividing HAFC's market cap by their current earnings.
What is HAFC's PE Ratio?
PE Ratio12.3x
EarningsUS$62.66m
Market CapUS$760.50m

Price to Earnings Ratio vs Peers

How does HAFC's PE Ratio compare to its peers?

The above table shows the PE ratio for HAFC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.1x
WTBF.B W.T.B. Financial
16.9xn/aUS$748.1m
GSBC Great Southern Bancorp
12.2x1.3%US$721.4m
IBCP Independent Bank
12.7x2.5%US$774.5m
TRST TrustCo Bank Corp NY
14.7xn/aUS$689.9m
HAFC Hanmi Financial
12.3x9.9%US$760.5m

Price-To-Earnings vs Peers: HAFC is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (14.1x).

Price to Earnings Ratio vs Industry

How does HAFC's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
HAFC 12.3xIndustry Avg. 12.9xNo. of Companies75PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HAFC is good value based on its Price-To-Earnings Ratio (12.3x) compared to the US Banks industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is HAFC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HAFC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.3x
Fair PE Ratio13.3x

Price-To-Earnings vs Fair Ratio: HAFC is good value based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HAFC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$25.75
US$24.50
-4.9%
12.9%US$30.00US$21.00n/a5
Nov ’25US$22.92
US$22.70
-1.0%
7.8%US$25.50US$21.00n/a5
Oct ’25US$18.03
US$21.00
+16.5%
3.0%US$22.00US$20.00n/a5
Sep ’25US$19.81
US$21.00
+6.0%
3.0%US$22.00US$20.00n/a5
Aug ’25US$19.40
US$21.00
+8.2%
3.0%US$22.00US$20.00n/a5
Jul ’25US$16.39
US$17.20
+4.9%
4.4%US$18.00US$16.00n/a5
Jun ’25US$15.76
US$17.20
+9.1%
4.4%US$18.00US$16.00n/a5
May ’25US$15.70
US$17.40
+10.8%
2.8%US$18.00US$17.00n/a5
Apr ’25US$15.49
US$18.30
+18.1%
6.4%US$20.00US$17.00n/a5
Mar ’25US$15.01
US$18.80
+25.2%
3.6%US$20.00US$18.00n/a5
Feb ’25US$16.44
US$19.20
+16.8%
3.5%US$20.00US$18.50n/a5
Jan ’25US$19.40
US$19.20
-1.0%
10.1%US$22.00US$17.00n/a5
Dec ’24US$17.67
US$17.60
-0.4%
13.7%US$22.00US$15.00n/a5
Nov ’24US$14.79
US$17.40
+17.6%
14.4%US$22.00US$15.00US$22.925
Oct ’24US$16.23
US$20.40
+25.7%
12.6%US$25.00US$18.00US$18.035
Sep ’24US$17.95
US$20.80
+15.9%
10.7%US$25.00US$19.00US$19.815
Aug ’24US$18.82
US$20.80
+10.5%
10.7%US$25.00US$19.00US$19.405
Jul ’24US$14.93
US$19.00
+27.3%
17.3%US$25.00US$16.00US$16.395
Jun ’24US$14.71
US$20.40
+38.7%
12.6%US$25.00US$17.00US$15.765
May ’24US$15.66
US$20.40
+30.3%
12.6%US$25.00US$17.00US$15.705
Apr ’24US$18.57
US$24.40
+31.4%
15.7%US$29.00US$20.00US$15.495
Mar ’24US$23.57
US$26.40
+12.0%
7.0%US$29.00US$24.00US$15.015
Feb ’24US$23.70
US$26.40
+11.4%
7.0%US$29.00US$24.00US$16.445
Jan ’24US$24.75
US$27.80
+12.3%
4.8%US$30.00US$26.00US$19.405
Dec ’23US$26.73
US$27.80
+4.0%
4.8%US$30.00US$26.00US$17.675
Nov ’23US$26.52
US$27.80
+4.8%
4.8%US$30.00US$26.00US$14.795

Analyst Forecast: Target price is lower than the current share price.

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