29.035 USD
-0.54 (-1.81%)
Overall HAFC gets a fundamental rating of 5 out of 10. We evaluated HAFC against 383 industry peers in the Banks industry. HAFC has an average financial health and profitability rating. HAFC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year HAFC was profitable.
- In the past year HAFC had a positive cash flow from operations.
- HAFC had positive earnings in each of the past 5 years.
- HAFC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- HAFC has a Return On Assets (0.92%) which is comparable to the rest of the industry.
- HAFC's Return On Equity of 9.23% is in line compared to the rest of the industry. HAFC outperforms 53.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.92% | ||
| ROE | 9.23% | ||
| ROIC | N/A |
ROA(3y)1.07%
ROA(5y)1.06%
ROE(3y)11.86%
ROE(5y)11.61%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- The Profit Margin of HAFC (27.69%) is better than 68.93% of its industry peers.
- HAFC's Profit Margin has improved in the last couple of years.
- HAFC does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 27.69% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-14.14%
PM growth 5Y10.44%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- HAFC does not have a ROIC to compare to the WACC, probably because it is not profitable.
- HAFC has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for HAFC has been reduced compared to 5 years ago.
- Compared to 1 year ago, HAFC has an improved debt to assets ratio.
2.2 Solvency
- HAFC has a debt to FCF ratio of 0.78. This is a very positive value and a sign of high solvency as it would only need 0.78 years to pay back of all of its debts.
- The Debt to FCF ratio of HAFC (0.78) is better than 72.85% of its industry peers.
- A Debt/Equity ratio of 0.17 indicates that HAFC is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.17, HAFC is in line with its industry, outperforming 51.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.78 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.72%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- HAFC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.90%, which is quite good.
- The Earnings Per Share has been growing by 13.89% on average over the past years. This is quite good.
- HAFC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.32%.
- HAFC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.86% yearly.
EPS 1Y (TTM)14.9%
EPS 3Y-13.88%
EPS 5Y13.89%
EPS Q2Q%48.98%
Revenue 1Y (TTM)11.32%
Revenue growth 3Y-0.18%
Revenue growth 5Y2.86%
Sales Q2Q%21.32%
3.2 Future
- The Earnings Per Share is expected to grow by 17.62% on average over the next years. This is quite good.
- The Revenue is expected to grow by 11.20% on average over the next years. This is quite good.
EPS Next Y25.61%
EPS Next 2Y22.08%
EPS Next 3Y17.62%
EPS Next 5YN/A
Revenue Next Year15.05%
Revenue Next 2Y13.03%
Revenue Next 3Y11.2%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 12.15 indicates a correct valuation of HAFC.
- HAFC's Price/Earnings is on the same level as the industry average.
- HAFC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.30.
- A Price/Forward Earnings ratio of 9.50 indicates a reasonable valuation of HAFC.
- 71.54% of the companies in the same industry are more expensive than HAFC, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.32, HAFC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.15 | ||
| Fwd PE | 9.5 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, HAFC is valued cheaply inside the industry as 92.43% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.18 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- HAFC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- A more expensive valuation may be justified as HAFC's earnings are expected to grow with 17.62% in the coming years.
PEG (NY)0.47
PEG (5Y)0.87
EPS Next 2Y22.08%
EPS Next 3Y17.62%
5. Dividend
5.1 Amount
- HAFC has a Yearly Dividend Yield of 3.74%.
- HAFC's Dividend Yield is a higher than the industry average which is at 2.84.
- Compared to an average S&P500 Dividend Yield of 1.82, HAFC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
5.2 History
- The dividend of HAFC has a limited annual growth rate of 0.76%.
- HAFC has paid a dividend for at least 10 years, which is a reliable track record.
- HAFC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.76%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
- 44.59% of the earnings are spent on dividend by HAFC. This is a bit on the high side, but may be sustainable.
- The dividend of HAFC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP44.59%
EPS Next 2Y22.08%
EPS Next 3Y17.62%
HANMI FINANCIAL CORPORATION / HAFC FAQ
What is the fundamental rating for HAFC stock?
ChartMill assigns a fundamental rating of 5 / 10 to HAFC.
What is the valuation status of HANMI FINANCIAL CORPORATION (HAFC) stock?
ChartMill assigns a valuation rating of 6 / 10 to HANMI FINANCIAL CORPORATION (HAFC). This can be considered as Fairly Valued.
How profitable is HANMI FINANCIAL CORPORATION (HAFC) stock?
HANMI FINANCIAL CORPORATION (HAFC) has a profitability rating of 4 / 10.
What is the earnings growth outlook for HANMI FINANCIAL CORPORATION?
The Earnings per Share (EPS) of HANMI FINANCIAL CORPORATION (HAFC) is expected to grow by 25.61% in the next year.
How sustainable is the dividend of HANMI FINANCIAL CORPORATION (HAFC) stock?
The dividend rating of HANMI FINANCIAL CORPORATION (HAFC) is 6 / 10 and the dividend payout ratio is 44.59%.