A Business at a Glance
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HANMI FINANCIAL CORP
HAFC
$953M
Mkt Cap
$31.69
-1.64%
HANMI FINANCIAL CORP (HAFC) has a current P/E ratio of 12.6, compared to its historical median P/E of 9.3. The stock is currently considered Expensive based on its historical valuation range.
HANMI FINANCIAL CORP (HAFC) has a 5-year average return on invested capital (ROIC) of 12.4%. This indicates solid capital allocation.
HANMI FINANCIAL CORP (HAFC) has a market capitalization of $953M. It is classified as a small-cap stock.
Yes, HANMI FINANCIAL CORP (HAFC) pays a dividend with a trailing twelve-month yield of 3.42%. The company also returns capital through share buybacks, with a buyback yield of 0.99%.
Based on historical P/E analysis, HANMI FINANCIAL CORP (HAFC) appears expensive. The current P/E of 12.6 is 35% above its historical median of 9.3. The estimated fair value CAGR (P/E method) is 10.7%.
HANMI FINANCIAL CORP (HAFC) operates in the National Commercial Banks industry, within the Financials sector.
HANMI FINANCIAL CORP (HAFC) reported annual revenue of $445 million in its most recent fiscal year, based on SEC EDGAR filings.
Hanmi Financial Corporation (“Hanmi Financial,” the “Company,” “we,” “us” or “our”) is a Delaware corporation incorporated in 2000 to be the holding company for Hanmi Bank (the “Bank”) and is subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”). Our principal office is located at 900 Wilshire Boulevard, Suite 1250, Los Angeles, California 90017, and our telephone number is (213) 382-2200. Hanmi Bank, the primary subsidiary of Hanmi Financial, is a state-chartered bank incorporated under the laws of the State of California in 1981, and licensed pursuant to the California Financial Code. The Bank’s deposit accounts are insured under the Federal Deposit Insurance Act up to applicable limits thereof. The California Department of Financial Protection and Innovation (the “DFPI”) is the Bank’s primary state bank regulator and the FDIC is its primary federal regulator.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 445M | 445M | 430M | 404M | 308M | 257M |
| Net Income | 75M | 75M | 62M | 80M | 101M | 98M |
| EPS | $2.51 | $2.51 | $2.05 | $2.62 | $3.32 | $3.22 |
| Free Cash Flow | 204M | 204M | 50M | 107M | 145M | 91M |
| ROIC | 7.4% | 9.9% | 8.6% | 11.9% | 15.7% | 16.1% |
| Gross Margin | 62.9% | 62.9% | 57.5% | 62.2% | 88.0% | 82.1% |
| Debt/Equity | 0.18 | 0.18 | 0.19 | 0.20 | 0.18 | 0.18 |
| Dividends/Share | $1.08 | $1.08 | $1.00 | $1.00 | $0.94 | $0.54 |
| Operating Income | 76M | 76M | 62M | 80M | 101M | 8.1M |
| Operating Margin | 17.1% | 17.1% | 14.5% | 19.8% | 32.9% | 3.1% |
| ROE | 9.5% | 9.9% | 8.6% | 11.9% | 15.7% | 16.1% |
| Shares Outstanding | 30M | 30M | 30M | 30M | 30M | 30M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 179M | 212M | 212M | 243M | 259M | 274M | 267M | 257M | 308M | 404M | 430M | 445M | 445M |
| Gross Margin | 88.7% | N/A | N/A | 86.3% | 77.8% | 63.2% | 66.9% | 82.1% | 88.0% | 62.2% | 57.5% | 62.9% | 62.9% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 50M | 63M | 64M | 68M | 69M | 68M | 67M | 73M | 76M | 81M | 83M | 88M | 88M |
| EBIT | 73M | 4.6M | 11M | 8.0M | 5.3M | 6.3M | 9.6M | 8.1M | 101M | 80M | 62M | 76M | 76M |
| Op. Margin | 40.5% | 2.1% | 5.4% | 3.3% | 2.0% | 2.3% | 3.6% | 3.1% | 32.9% | 19.8% | 14.5% | 17.1% | 17.1% |
| Net Income | 50M | 54M | 56M | 54M | 58M | 33M | 42M | 98M | 101M | 80M | 62M | 75M | 75M |
| Net Margin | 27.8% | 25.3% | 26.5% | 22.4% | 22.2% | 11.9% | 15.6% | 38.1% | 32.7% | 19.7% | 14.3% | 17.0% | 17.0% |
| Non-Recurring | 0 | 137K | 1.1M | 1K | -428K | 0 | 0 | 45K | 0 | 4.0M | 816K | -40K | -40K |
| Returns on Capital | |||||||||||||
| ROIC | 11.7% | 11.3% | 10.9% | 9.9% | 10.3% | 5.8% | 7.3% | 16.1% | 15.7% | 11.9% | 8.6% | 9.9% | 7.4% |
| ROE | 11.7% | 11.3% | 10.9% | 9.9% | 10.3% | 5.8% | 7.3% | 16.1% | 15.7% | 11.9% | 8.6% | 9.9% | 9.5% |
| ROA | 1.4% | 1.3% | 1.3% | 1.1% | 1.1% | 0.6% | 0.7% | 1.5% | 1.4% | 1.1% | 0.8% | 1.0% | 1.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 25M | 67M | 59M | 82M | 77M | 59M | 60M | 94M | 147M | 109M | 53M | 206M | 206M |
| Free Cash Flow | 24M | 65M | 59M | 81M | 73M | 57M | 56M | 91M | 145M | 107M | 50M | 204M | 204M |
| Owner Earnings | 21M | 61M | 53M | 76M | 71M | 52M | 54M | 87M | 141M | 103M | 46M | 199M | 199M |
| CapEx | 1.1M | 1.1M | 730K | 843K | 3.7M | 1.6M | 4.4M | 2.7M | 1.9M | 2.4M | 2.6M | 2.3M | 2.3M |
| Maint. CapEx | 2.2M | 3.1M | 2.9M | 2.9M | 2.6M | 3.3M | 4.0M | 4.4M | 3.9M | 3.3M | 3.2M | 3.3M | 3.3M |
| Growth CapEx | 0 | 0 | 0 | 0 | 1.1M | 0 | 392K | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.2M | 3.1M | 2.9M | 2.9M | 2.6M | 3.3M | 4.0M | 4.4M | 3.9M | 3.3M | 3.2M | 3.3M | 3.3M |
| CapEx/OCF | 4.5% | 1.7% | 1.3% | 1.0% | 4.8% | 2.7% | 7.3% | 2.9% | 1.3% | 2.2% | 5.0% | 1.1% | 1.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 6.7M | 13M | 26M | 26M | 31M | 30M | 16M | 17M | 29M | 31M | 30M | 33M | 33M |
| Dividend Yield | 1.5% | 2.6% | 4.9% | 3.9% | 5.0% | 6.3% | 6.0% | 3.5% | 4.6% | 6.3% | 5.9% | 4.6% | 3.4% |
| Share Buybacks | 0 | 0 | 0 | 0 | 36M | 7.4M | 2.2M | 6.1M | 0 | 4.1M | 6.3M | 9.4M | 9.4M |
| Buyback Yield | N/A | N/A | N/A | N/A | 7.9% | 1.6% | 0.8% | 1.0% | N/A | 0.7% | 0.9% | 1.1% | 1.0% |
| Stock-Based Comp | 2.2M | 2.2M | 3.0M | 2.9M | 3.5M | 3.1M | 2.5M | 2.4M | 2.6M | 2.7M | 3.6M | 3.6M | 3.6M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 110M | 465M | 13M | 213M | 25M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -43M | N/A | N/A | N/A | N/A | N/A | -1.0B | -1.4B | -1.1B | -1.0B | -1.1B | -953M | -73M |
| Cash & Equiv. | 158M | 164M | 147M | 154M | 155M | 122M | 392M | 609M | 352M | 302M | 305M | 213M | 213M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 140M |
| Debt/Equity | 0.25 | 7.57 | 7.85 | 8.26 | 8.96 | 8.83 | 0.20 | 0.18 | 0.18 | 0.20 | 0.19 | 0.18 | 0.18 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.5 |
| Equity | 453M | 494M | 531M | 562M | 553M | 563M | 577M | 643M | 638M | 702M | 732M | 796M | 796M |
| Total Assets | 4.2B | 4.2B | 4.7B | 5.2B | 5.5B | 5.5B | 6.2B | 6.9B | 7.4B | 7.6B | 7.7B | 7.9B | 7.9B |
| Total Liabilities | 3.8B | 3.7B | 4.2B | 4.6B | 4.9B | 5.0B | 5.6B | 6.2B | 6.7B | 6.9B | 6.9B | 7.1B | 7.1B |
| Intangibles | 2.1M | 1.7M | 13M | 13M | 12M | 842K | 581K | 364K | 194K | 68K | 0 | N/A | N/A |
| Retained Earnings | -32M | 6.4M | 42M | 71M | 98M | 101M | 115M | 197M | 270M | 319M | 351M | 394M | 394M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.56 | 1.68 | 1.75 | 1.69 | 1.79 | 1.06 | 1.38 | 3.22 | 3.32 | 2.62 | 2.05 | 2.51 | 2.51 |
| Owner EPS | 0.66 | 1.92 | 1.67 | 2.36 | 2.19 | 1.71 | 1.78 | 2.85 | 4.64 | 3.40 | 1.52 | 6.62 | 6.62 |
| Book Value | 14.21 | 15.46 | 16.59 | 17.50 | 17.20 | 18.34 | 19.11 | 21.14 | 20.99 | 23.12 | 24.33 | 26.49 | 26.49 |
| Cash Flow/Share | 0.80 | 2.08 | 1.85 | 2.54 | 2.39 | 1.91 | 1.99 | 3.08 | 4.85 | 3.60 | 1.75 | 6.85 | 2.62 |
| Dividends/Share | 0.21 | 0.40 | 0.80 | 0.80 | 0.96 | 0.96 | 0.52 | 0.54 | 0.94 | 1.00 | 1.00 | 1.08 | 1.08 |
| Shares Out. | 31.9M | 32.0M | 32.0M | 32.1M | 32.1M | 30.7M | 30.2M | 30.4M | 30.4M | 30.4M | 30.1M | 30.1M | 30.1M |
| Valuation | |||||||||||||
| P/E Ratio | 9.0 | 9.5 | 13.6 | 12.7 | 7.9 | 14.3 | 6.7 | 5.9 | 6.2 | 6.8 | 10.8 | 10.9 | 12.6 |
| P/FCF | 18.5 | 7.8 | 13.0 | 8.6 | 6.2 | 8.1 | 5.0 | 6.4 | 4.3 | 5.1 | 13.3 | 4.1 | 4.7 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 11.6 |
| Price/Book | 1.0 | 1.0 | 1.4 | 1.2 | 0.8 | 0.8 | 0.5 | 0.9 | 1.0 | 0.8 | 0.9 | 1.0 | 1.2 |
| Price/Sales | 2.7 | 2.5 | 2.8 | 3.2 | 3.0 | 2.3 | 1.2 | 2.0 | 2.3 | 1.9 | 2.2 | 2.6 | 2.1 |
| FCF Yield | 5.4% | 12.8% | 7.6% | 11.6% | 16.0% | 12.2% | 19.8% | 15.6% | 23.1% | 19.6% | 7.4% | 24.5% | 21.4% |
| Market Cap | 449M | 511M | 768M | 697M | 456M | 467M | 282M | 585M | 629M | 545M | 672M | 833M | 953M |
| Avg. Price | 13.87 | 15.28 | 16.50 | 20.77 | 19.30 | 15.36 | 8.77 | 15.48 | 20.52 | 15.86 | 17.15 | 23.62 | 31.69 |
| Year-End Price | 14.09 | 15.95 | 23.81 | 21.54 | 14.11 | 15.11 | 9.22 | 19.09 | 20.60 | 17.85 | 22.13 | 27.47 | 31.69 |
HANMI FINANCIAL CORP passes 6 of 9 quality checks, suggesting mixed fundamentals.
HANMI FINANCIAL CORP trades at 12.6x trailing earnings, compared to its 15-year median P/E of 9.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 4.7x vs a median of 6.3x. The company's 5-year average ROIC is 12.4% with a gross margin of 70.5%. Total shareholder yield (dividends + buybacks) is 4.4%. At current prices, the estimated annualized return to fair value is +7.7%.
HANMI FINANCIAL CORP (HAFC) has a net profit margin of 17.0%. This is a healthy margin.
HANMI FINANCIAL CORP (HAFC) generated $204 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HANMI FINANCIAL CORP (HAFC) has a debt-to-equity ratio of 0.18. This indicates a conservatively financed balance sheet.
HANMI FINANCIAL CORP (HAFC) reported earnings per share (EPS) of $2.51 in its most recent fiscal year.
HANMI FINANCIAL CORP (HAFC) has a return on equity (ROE) of 9.9%. This indicates moderate shareholder returns.
HANMI FINANCIAL CORP (HAFC) has a 5-year average gross margin of 70.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for HANMI FINANCIAL CORP (HAFC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HANMI FINANCIAL CORP (HAFC) has a book value per share of $26.49, based on its most recent annual SEC filing.
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