HAFC Stock Analysis: Hanmi Financial | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 948m USD | 12M Return: 34.4% | US4104952043 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.89M
EPS Trend: 11.2%
Qual. Beats: 0
Rev. Trend: 45.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Hanmi Financial Corporation is the holding company for Hanmi Bank, a U.S.-based business bank headquartered in Los Angeles, California, founded in 1982 and listed on NASDAQ under the ticker HAFC. The company serves the small and mid-sized business segment through a range of deposit products-including noninterest-bearing checking, NOW, savings, money market accounts, and certificates of deposit-and a diversified lending portfolio covering commercial real estate, construction, residential property, commercial and industrial loans, equipment lease financing, and international trade finance such as letters of credit and import/export financing.
As a regional bank, Hanmi Financial concentrates on commercial and small business lending within its core market rather than consumer retail banking, and it is a participating SBA lender, offering loans tailored to commercial real estate, acquisitions, franchise financing, working capital, and debt refinancing. The company operates as a small-cap financial with a market capitalization of approximately $929 million USD and has been publicly traded since its 1996 IPO.
- Net interest margin compresses as Fed cuts rates
- Commercial real estate loan portfolio faces credit quality headwinds
- SBA lending growth and core deposit franchise expansion support revenue
| Net Income: 89.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 2.29 > 1.0 |
| NWC/Revenue: -1.44k% < 20% (prev -1.28k%; Δ -157.2% < -1%) |
| CFO/TA 0.03 > 3% & CFO 214.2m > Net Income 89.4m |
| Net Debt (-1.10b) to EBITDA (66.7m): -16.46 < 3 |
| Current Ratio: 0.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (29.8m) vs 12m ago -0.94% < -2% |
| Gross Margin: 56.36% > 18% (prev 53.93%; Δ 2.43% > 0.5%) |
| Asset Turnover: 4.86% > 50% (prev 5.49%; Δ -0.63% > 0%) |
| Interest Coverage Ratio: 0.40 > 6 (EBIT TTM 66.6m / Interest Expense TTM 164.8m) |
| A: -0.69 (Total Current Assets 1.43b - Total Current Liabilities 6.98b) / Total Assets 8.00b |
| B: 0.05 (Retained Earnings 423.5m / Total Assets 8.00b) |
| C: 0.01 (EBIT TTM 66.6m / Avg Total Assets 7.93b) |
| D: 0.11 (Book Value of Equity 812.7m / Total Liabilities 7.19b) |
| Altman-Z'' = -4.21 = D |
| DSRI: 0.44 (Receivables 24.6m/63.3m, Revenue 385.8m/431.9m) |
| GMI: 0.96 (GM 53.93% / 56.36%) |
| AQI: 0.99 (AQ_t 0.82 / AQ_t-1 0.83) |
| SGI: 0.89 (Revenue 385.8m / 431.9m) |
| TATA: -0.02 (NI 89.4m - CFO 214.2m) / TA 8.00b) |
| Beneish M = -3.61 (Cap -4..+1) = AAA |
As of September 27, 2026, the stock is trading at USD 32.10 with a total of 227,150 shares traded. Over the past week, the price has changed by -0.68%, over one month by +3.68%, over three months by -0.26% and over the past year by +34.38%.
Current recommended Stop Loss: 30.70 (which is 4.4% or 2.5 ATR below the current price).
Hanmi Financial has received a consensus analysts rating of 3.75. Therefore, it is recommended to hold HAFC.
- StrongBuy: 1
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 34.3 | 6.7% |
P/E Trailing = 10.8407
P/E Forward = 8.6207
P/S = 3.4117
P/B = 1.1755
P/EG = 1.3855
Revenue TTM = 385.8m USD
EBIT TTM = 66.6m USD
EBITDA TTM = 66.7m USD
Long Term Debt = 130.8m USD (from longTermDebt, last quarter)
Short Term Debt = 150.0m USD (from shortTermDebt, last fiscal year)
Debt = 130.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.10b USD (calculated: Debt 130.8m - CCE 1.23b)
Enterprise Value = 948.2m USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 0.40 (Ebit TTM 66.6m / Interest Expense TTM 164.8m)
EV/FCF = 4.49x (Enterprise Value 948.2m / FCF TTM 211.0m)
FCF Yield = 22.25% (FCF TTM 211.0m / Enterprise Value 948.2m)
FCF Margin = 54.69% (FCF TTM 211.0m / Revenue TTM 385.8m)
Net Margin = 23.16% (Net Income TTM 89.4m / Revenue TTM 385.8m)
Gross Margin = 56.36% ((Revenue TTM 385.8m - Cost of Revenue TTM 168.4m) / Revenue TTM)
Gross Margin QoQ = 29.92% (prev 61.87%)
Tobins Q-Ratio = 0.12 (Enterprise Value 948.2m / Total Assets 8.00b)
Interest Expense / Debt = 126.0% (Interest Expense 164.8m / Debt 130.8m)
Taxrate = 27.96% (34.7m / 124.0m)
NOPAT = 48.0m (EBIT 66.6m * (1 - 27.96%))
Current Ratio = 0.20 (Total Current Assets 1.43b / Total Current Liabilities 6.98b)
Debt / Equity = 0.16 (Debt 130.8m / totalStockholderEquity, last quarter 812.7m)
Debt / EBITDA = -16.46 (Net Debt -1.10b / EBITDA 66.7m)
Debt / FCF = -5.20 (Net Debt -1.10b / FCF TTM 211.0m)
Total Stockholder Equity = 797.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.13% (Net Income 89.4m / Total Assets 8.00b)
RoE = 11.20% (Net Income TTM 89.4m / Total Stockholder Equity 797.9m)
RoCE = 7.17% (EBIT 66.6m / Capital Employed (Equity 797.9m + L.T.Debt 130.8m))
RoIC = 4.17% (NOPAT 48.0m / Invested Capital 1.15b)
WACC = 7.10% (E(948.2m)/V(1.08b) * Re(8.08%) + (debt cost/tax rate unavailable))
Discount Rate = 8.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -92.53 | Cagr: -0.52%
[DCF] Terminal Value 77.97% ; FCFF base≈137.3m ; Y1≈157.4m ; Y5≈231.7m
[DCF] Fair Price = 154.6 (EV 3.49b - Net Debt -1.10b = Equity 4.58b / Shares 29.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 11.20 | EPS CAGR: 1.63% | SUE: 0.35 | # QB: 0
Revenue Correlation: 45.23 | Revenue CAGR: 2.58% | SUE: -0.29 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.81 | Chg30d=+0.00% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=3.18 | Chg30d=-0.31% | Revisions=+17% | GrowthEPS=+26.7% | GrowthRev=+9.5%
EPS next Year (2027-12-31): EPS=3.37 | Chg30d=+0.00% | Revisions=-50% | GrowthEPS=+6.0% | GrowthRev=+5.5%
[Analyst] Revisions Ratio: -18% (up=3, down=5)